Stocks end higher for sixth straight week, tech leads

NEW YORK (Reuters) - The Nasdaq composite stock index closed at a 12-year high and the S&P 500 index at a five-year high, boosted by gains in technology shares and stronger overseas trade figures.

The S&P 500 also posted a sixth straight week of gains for the first time since August.

The technology sector led the day's gains, with the S&P 500 technology index <.splrct> up 1.0 percent. Gains in professional network platform LinkedIn Corp and AOL Inc after they reported quarterly results helped the sector.

Shares of LinkedIn jumped 21.3 percent to $150.48 after the social networking site announced strong quarterly profits and gave a bullish forecast for the year.

AOL Inc shares rose 7.4 percent to $33.72 after the online company reported higher quarterly profit, boosted by a 13 percent rise in advertising sales.

Data showed Chinese exports grew more than expected, a positive sign for the global economy. The U.S. trade deficit narrowed in December, suggesting the U.S. economy likely grew in the fourth quarter instead of contracting slightly as originally reported by the U.S. government.

"That may have sent a ray of optimism," said Fred Dickson, chief market strategist at D.A. Davidson & Co in Lake Oswego, Oregon.

Trading volume on Friday was below average for the week as a blizzard swept into the northeastern United States.

The U.S. stock market has posted strong gains since the start of the year, with the S&P 500 up 6.4 percent since December 31. The advance has slowed in recent days, with fourth-quarter earnings winding down and few incentives to continue the rally on the horizon.

"I think we're in the middle of a trading range and I'd put plus or minus 5.0 percent around it. Fundamental factors are best described as neutral," Dickson said.

The Dow Jones industrial average <.dji> ended up 48.92 points, or 0.35 percent, at 13,992.97. The Standard & Poor's 500 Index <.spx> was up 8.54 points, or 0.57 percent, at 1,517.93. The Nasdaq Composite Index <.ixic> was up 28.74 points, or 0.91 percent, at 3,193.87, its highest closing level since November 2000.

For the week, the Dow was down 0.1 percent, the S&P 500 was up 0.3 percent and the Nasdaq up 0.5 percent.

Shares of Dell closed at $13.63, up 0.7 percent, after briefly trading above a buyout offering price of $13.65 during the session.

Dell's largest independent shareholder, Southeastern Asset Management, said it plans to oppose the buyout of the personal computer maker, setting up a battle for founder Michael Dell.

Signs of economic strength overseas buoyed sentiment on Wall Street. Chinese exports grew more than expected in January, while imports climbed 28.8 percent, highlighting robust domestic demand. German data showed a 2012 surplus that was the nation's second highest in more than 60 years, an indication of the underlying strength of Europe's biggest economy.

Separately, U.S. economic data showed the trade deficit shrank in December to $38.5 billion, its narrowest in nearly three years, indicating the economy did much better in the fourth quarter than initially estimated.

Earnings have mostly come in stronger than expected since the start of the reporting period. Fourth-quarter earnings for S&P 500 companies now are estimated up 5.2 percent versus a year ago, according to Thomson Reuters data. That contrasts with a 1.9 percent growth forecast at the start of the earnings season.

Molina Healthcare Inc surged 10.4 percent to $31.88 as the biggest boost to the index after posting fourth-quarter earnings.

The CBOE Volatility index <.vix>, Wall Street's so-called fear gauge, was down 3.6 percent at 13.02. The gauge, a key measure of market expectations of short-term volatility, generally moves inversely to the S&P 500.

"I'm watching the 14 level closely" on the CBOE Volatility index, said Bryan Sapp, senior trading analyst at Schaeffer's Investment Research. "The break below it at the beginning of the year signaled the sharp rally in January, and a rally back above it could be a sign to exercise some caution."

Volume was roughly 5.6 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45 billion.

Advancers outpaced decliners on the NYSE by nearly 2 to 1 and on the Nasdaq by almost 5 to 3.

(Additional reporting by Angela Moon; Editing by Bernadette Baum, Nick Zieminski, Kenneth Barry and Andrew Hay)

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Tunisian Islamists rally to show "power of street"

TUNIS (Reuters) - Thousands of Islamists marched in Tunis on Saturday in a show of strength, a day after the funeral of an assassinated secular politician drew the biggest crowds seen on the streets since Tunisia's uprising two years ago.

About 6,000 supporters of the ruling Ennahda movement rallied to back their leader Rachid al-Ghannouchi, who was the target of angry slogans raised by mourners at Friday's mass funeral of Chokri Belaid, a rights lawyer and opposition leader.

"The people want Ennahda again," the Islamists chanted, waving Tunisian and party flags as they marched towards the Interior Ministry on Habib Bourguiba Avenue in the city centre.

The demonstration was dwarfed by the tens of thousands who had turned out in Tunis and other cities to honor Belaid and to protest against the Islamist-led government the day before, shouting slogans that included "We want a new revolution".

Belaid's killing by an unidentified gunman on Wednesday, Tunisia's first such political assassination in decades, has shaken a nation still seeking stability after the overthrow of veteran strongman Zine al-Abidine Ben Ali in January 2011.

The family of the slain politician has accused Ennahda of responsibility for his killing. The party denies any hand in it.

"We are here to support legitimacy, but if you prefer the power of the street, look at the streets today, we have this power," Lotfi Zitoun, an Ennahda leader, said in a speech to the Islamist demonstrators in Tunis.

Tunisia's political transition has been more peaceful than those in other Arab nations such as Egypt, Libya and Syria, but tensions are running high between Islamists elected to power and liberals who fear the loss of hard-won liberties.

FREEDOMS THREATENED

"We have gained things - the freedom of expression, the freedom to meet, to form organizations, parties, to work in the open," said Radhi Nasraoui, a veteran human rights campaigner.

"The problem is that these freedoms are still threatened, and there are attempts (by Islamists) to touch the gains of women," she told Reuters.

After Belaid's death, Prime Minister Hamadi Jebali promised to form a non-partisan, technocratic cabinet to run the country until an election could take place, despite complaints from within his own Ennahda party and its two junior non-Islamist coalition partners that he had failed to consult them.

Jebali told France 24 television on Saturday that he would resign if political parties refused to support his proposal, which he said was intended to "save the country from chaos".

The state news agency TAP said the prime minister would unveil his new government next week.

Secular groups have accused the Islamist-led government of a lax response to attacks by ultra-orthodox Salafi Islamists on cinemas, theatres, bars and individuals in recent months.

Prolonged political uncertainty and street unrest could damage an economy that relies on tourism. Unemployment and other economic grievances fuelled the revolt against Ben Ali in 2011.

Tunisia's stock exchange has fallen 3.32 percent since Belaid's assassination.

France, the former colonial power, ordered its schools in Tunis to stay closed on Friday and Saturday, warning its nationals to stay clear of potential flashpoints in the capital.

Some of the Islamist demonstrators shouted "France, out", in response to remarks by French Interior Minister Manuel Valls which were rejected by Jebali, the prime minister, on Friday.

"We must support all those who fight to maintain values and remain aware of the dangers of despotism, of Islamism that threatened those values today through obscurantism," Valls had said on Europe 1 radio on Thursday in comments on Tunisia.

"There is an Islamic fascism which is on the rise in many places."

Tunisian Foreign Minister Rafik Abdessalem described Valls's remarks as "worrying and unfriendly".

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Buzzmakers: David Beckham Strips and Miley Cyrus Loves Her Hair

What had ET readers buzzing this week?

1. David Beckham Strips Down to His Skivvies

He may have a new job with the Paris Saint-Germain team but David Beckham is still finding time to strip down for his American fans. The overwhelmingly good-looking soccer dad shared photos from his new underwear line that he, of course, is modeling. Posting not one, but two shirtless shots, Beckham wrote on his Facebook page: "Here are a few campaign shots from my latest H&M range."

Click here for a closer look at the fashionisto's sexy photos!

2. Miley Cyrus: I'll Never Have Long Hair Again

Though Miley Cyrus' super-short 'do definitely has its fair share of haters, according to Miley herself, she has no intentions of growing it out -- ever.

"You will never see me with long hair again!," she tells E! News. "My fiancé [Liam Hemsworth] loves it…It's so easy and [I] don't need to wash it. It looks better grungy and not washing it."

And clearly, she doesn't miss her formerly long locks "in any way."

"I feel like I had bun every day of my life," she says, referring to her often-copied topknot. "I hated the extensions hair -- that's sewn into your head. It's creepy."

Miley first debuted the drastic cut in August, and seems to be cutting her hair even shorter progressively.

3. Stars Flock to Super Bowl XLVII

Alicia Keys and Jennifer Hudson kicked off the Super Bowl Sunday with stunning renditions of the national anthem and America the Beautiful (respectively).

Check out the pics here!

4. Designer: Beyonce Was 'Losing Weight Every Day'

One of the most anticipated events at this year's Super Bowl was Beyonce's performance during the halftime show and ET spoke exclusively to the superstar's costume designer about her rigorous rehearsals and how much work went into her various outfits.

"When a performer is working so vigorously, they're shrinking constantly, and so she was losing weight every day," fashion designer Rubin Singer told ET. "So we had to keep taking it in and taking it in and taking it in and doing tweaks and changes."

Singer said he was based in New Orleans all last week preparing for Beyonce's Super Bowl performance and that a team of 14 people put about 200 man hours into producing and tweaking the costumes. "When you have the dress rehearsals and you actually get to see the footage the next day, or that night, and you see all the little nuances that you need to change," he said.

In addition to Beyonce's costumes, Singer also created the outfits for former Destiny's Child band member Michelle Williams as well as the jackets for the show's 120 backup dancers.

5. Jennifer Love Hewitt Debuts Lingerie Music Video

Jennifer Love Hewitt's Lifetime series The Client List is known for pushing the envelope with racy story lines and revealing wardrobe. In advance of the show's upcoming second season, we've got a sneak peek of a sexy new music video in which Jennifer sings, struts and strips down to lingerie!

"I had a dream about it in the middle of the night," Jennifer explains about how the video came about. She said she loves the song -- I'm a Woman from the Broadway play Smokey Joe's Cafe -- and thought it would be fun to do something burlesque-oriented "to shake things up a bit."

In the show, Jennifer plays a Texas single mother who secretly also provides sexual favors for money at a day spa. She said one of the things she's most proud of about the show is that she feels it portrays the subject matter in a way that is not degrading to women. "I feel like we've been able to take an unconventional story line and make it female empowerment in some weird way."

Watch the video for scenes from the steamy music video and also to hear Jennifer talk about getting in shape for the shoot and then splurging at the end.

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After early start, worst of flu season may be over

NEW YORK (AP) — The worst of the flu season appears to be over.

The number of states reporting intense or widespread illnesses dropped again last week, and in a few states there was very little flu going around, U.S. health officials said Friday.

The season started earlier than normal, first in the Southeast and then spreading. But now, by some measures, flu activity has been ebbing for at least four weeks in much of the country. Flu and pneumonia deaths also dropped the last two weeks, the Centers for Disease Control and Prevention reported.

"It's likely that the worst of the current flu season is over," CDC spokesman Tom Skinner said.

But flu is hard to predict, he and others stressed, and there have been spikes late in the season in the past.

For now, states like Georgia and New York — where doctor's offices were jammed a few weeks ago — are reporting low flu activity. The hot spots are now the West Coast and the Southwest.

Among the places that have seen a drop: Lehigh Valley Hospital-Cedar Crest in Allentown, Pa., which put up a tent outside its emergency room last month to help deal with the steady stream of patients. There were about 100 patients each day back then. Now it's down to 25 and the hospital may pack up its tent next week, said Terry Burger, director of infection control and prevention for the hospital.

"There's no question that we're seeing a decline," she said.

In early December, CDC officials announced flu season had arrived, a month earlier than usual. They were worried, saying it had been nine years since a winter flu season started like this one. That was 2003-04 — one of the deadliest seasons in the past 35 years, with more than 48,000 deaths.

Like this year, the major flu strain was one that tends to make people sicker, especially the elderly, who are most vulnerable to flu and its complications

But back then, that year's flu vaccine wasn't made to protect against that bug, and fewer people got flu shots. The vaccine is reformulated almost every year, and the CDC has said this year's vaccine is a good match to the types that are circulating. A preliminary CDC study showed it is about 60 percent effective, which is close to the average.

So far, the season has been labeled moderately severe.

Like others, Lehigh Valley's Burger was cautious about making predictions. "I'm not certain we're completely out of the woods," with more wintry weather ahead and people likely to be packed indoors where flu can spread around, she said.

The government does not keep a running tally of flu-related deaths in adults, but has received reports of 59 deaths in children. The most — nine — were in Texas, where flu activity was still high last week. Roughly 100 children die in an average flu season, the CDC says

On average, about 24,000 Americans die each flu season, according to the CDC.

According to the CDC report, the number of states with intense activity is down to 19, from 24 the previous week, and flu is widespread in 38 states, down from 42.

Flu is now minimal in Florida, Kentucky, Maine, Montana, New Hampshire and South Carolina.

___

Online:

CDC: http://www.cdc.gov/flu/

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Wall Street extends gains, Nasdaq near 12-year high

NEW YORK (Reuters) - Stocks extended gains on Friday, with the Nasdaq rising 1 percent, putting it within close reach of a 12-year high.

The Dow Jones industrial average <.dji> gained 47.66 points, or 0.34 percent, to 13,991.71. The Standard & Poor's 500 Index <.spx> rose 7.47 points, or 0.49 percent, to 1,516.86. The Nasdaq Composite Index <.ixic> was up 30.23 points, or 0.96 percent, at 3,195.37.

If the Nasdaq rises above 3,196.93, it would be the highest level since November 2000.

(Reporting by Leah Schnurr; Editing by Bernadette Baum)

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Violence mars funeral of Tunisian opposition leader

TUNIS (Reuters) - Tens of thousands of Tunisians turned out on Friday to mourn secular opposition leader Chokri Belaid, whose assassination has deepened a political crisis and led to violent protests against the Islamist-led government.

Teargas and smoke from burning cars at times wafted over the Tunis cemetery where Belaid was buried in the country's biggest funeral since independence leader Habib Bourguiba died in 2000.

Braving chilly rain, at least 50,000 people gathered to honor Belaid in his home district of Jebel al-Jaloud in the capital, chanting anti-Islamist and anti-government slogans.

Belaid's assassination has shocked a country which had hitherto experienced a relatively peaceful political transition since an uprising that inspired others around the Arab world.

It has heightened tensions between dominant Islamists and their secular opponents against a backdrop of frustration at the lack of social and economic progress since President Zine al-Abidine Ben Ali was forced to flee the country in January 2011.

"The people want a new revolution," shouted mourners in Tunis, who also sang the national anthem.

Violence erupted near the cemetery as police fired teargas at demonstrators who threw stones and set cars ablaze. Police also used teargas against protesters near the Interior Ministry, a frequent flashpoint for clashes in the Tunisian capital.

Police arrested 150 people during the disturbances in Tunis, Interior Ministry spokesman Lotfi Hidouri said.

Crowds surged around an open army truck carrying Belaid's coffin, draped in a red and white Tunisian flag, from a cultural center in Jebel al-Jaloud towards the leafy Jallaz cemetery, as a security forces helicopter flew overhead.

"Belaid, rest in peace, we will continue the struggle," crowds chanted, holding portraits of the politician killed near his home on Wednesday by a gunman who fled on a motorcycle.

Some demonstrators denounced Rachid Ghannouchi, leader of the ruling Islamist Ennahda party. "Ghannouchi, assassin, criminal," they chanted. "Tunisia is free, terrorism out."

CLASHES IN GAFSA

Police fired teargas to disperse anti-government protesters throwing stones and petrol bombs in the southern mining town of Gafsa, a stronghold of support for Belaid, witnesses said.

Crowds there had chanted "The people want the fall of the regime", a slogan first used against Ben Ali.

In Sidi Bouzid, the southern town where the revolt against the ousted strongman began, about 10,000 marched to mourn Belaid and shout slogans against Ennahda and the government.

Banks, factories and some shops were closed in Tunis and other cities in response to a strike called by unions in protest at Belaid's killing, but buses were running normally.

Tunis Air canceled all its flights because of the strike, a spokesman for the national airline said, adding that normal service would resume on Saturday.

After Belaid's assassination, Prime Minister Hamdi Jebali, an Islamist, said he would dissolve the government and form a cabinet of technocrats to rule until elections could be held.

But his own Ennahda party and its secular coalition partners complained they had not been consulted, casting doubt over the status of the government and compounding political uncertainty.

On Friday Jebali reiterated his plan for a cabinet of technocrats, saying this would not need the approval of the National Constituent Assembly because he was not dissolving his government, but would replace all of its members.

"This government is ready," he told reporters, without disclosing the names of his new ministers.

"HOPE EXISTS"

No one has claimed responsibility for the killing of Belaid, a lawyer and secular opposition figure.

His family have blamed Ennahda but the party has denied any hand in the shooting. Crowds have attacked several Ennahda party offices in Tunis and other cities in the past two days.

"Hope still exists in Tunisia," Fatma Saidan, a noted Tunisian actor, told Reuters at Belaid's funeral. "We will continue to struggle against extremism and political violence."

She called for national unity, saying: "We are ready to accept Islamists, but they don't accept us."

While Belaid had only a modest political following, his criticism of Ennahda policies spoke for many Tunisians who fear religious radicals are bent on snuffing out freedoms won in the first of the revolts that rippled through the Arab world.

Secular groups have accused the Islamist-led government of a lax response to attacks by ultra-orthodox Salafi Islamists on cinemas, theatres and bars in recent months.

The economic effect of political uncertainty and street unrest could be serious in a country which has yet to draft a new constitution and which relies heavily on the tourist trade.

Mohamed Ali Toumi, president of the Tunisian Federation of Travel Agencies, described the week's events as a catastrophe that would have a negative impact on tourism, but he told the national news agency TAP no cancellations had been reported yet.

France, which had already announced the closure of its schools in Tunis on Friday and Saturday, urged its nationals to stay clear of potential flashpoints in the capital.

The cost of insuring Tunisian government bonds against default rose to its highest level in more than four years this week and ratings agency Fitch said it could further downgrade Tunisia if political instability continues or worsens.

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What If the Wii U Were Just Its Tablet Controller? Meet the 7-Inch Wikipad

The Wii U made a splash with its personal tablet controllers. Sandwiching a 6.2-inch touchscreen in between a regular analog stick and buttons, the Wii U’s GamePad is like a Nintendo DS’ lower touchscreen for a home console, and even lets you play games right on its screen. It streams those games from the Wii U itself, though, meaning it’s basically useless when it’s out of range of the console.

Imagine a Wii U GamePad that was a self-contained console, and used an iPad-style capacitive touchscreen instead of a Nintendo DS-style resistive one. That’s the new 7-inch Wikipad in a nutshell, at least hardware-wise. It’s not made by Nintendo, however, and in terms of what games it plays — and how much it costs — it’s still very different.

Hardware differences

Besides being slightly taller and wider and a lot thicker than a GamePad, the Wikipad has one more major difference: The tablet part is detachable. Unlatch it from the surrounding game controller part, and it becomes a 7-inch Android tablet with an NVIDIA Tegra 3 processor and 16 GB of flash memory, sort of like Google‘s popular Nexus 7.

It’s still a 7-inch Android tablet when the controller part is attached, though, and that’s the biggest difference.

Android software

Despite its resemblance to a certain popular game console accessory, the Wikipad is still a tablet running Google’s open-source Android operating system, when it comes down to it. It just happens to be one (of several) which includes its own game controller. And while some well-known games — like a few of Sega’s Sonic the Hedgehog titles and Square-Enix’s Final Fantasy games — have made it to the Google Play app store, for the most part you’d be playing mobile games, like the included Dead Trigger and ShadowGun: Dead Zone. Which is unfortunate, because most Android games don’t support game controllers, seeing as how they were designed for touchscreen-only gadgets like the Kindle Fire and the Nexus 7.

On the plus side

Many of top-tier mobile publisher Gameloft’s titles support game controllers, which is unsurprising since they tend to be knockoffs of popular console games like Halo and Modern Warfare. And unlike most Android gadgets, the Wikipad is PlayStation Certified, which means it can run PlayStation Mobile games (small minigames designed for the PS Vita) plus a handful of old PSone titles.

Wikipad’s website has a list of more than 60 games which currently support its controller. You may have to consult it before playing each one, however, in order to find out which button does what.

Still worth getting?

The Wikipad will be available “from leading retailers in spring 2013 at a launch price of $ 249,” according to the company’s press release. That’s about $ 50 more than you’d pay for a similarly-specced Nexus 7, which doesn’t have PlayStation Mobile, expandable memory via microSD card slot, or a game controller. The Nexus 7 has 32 GB and 3G options available, however, and you can always buy a separate game controller for it.

A 10-inch Wikipad was announced late last year, but never made it to market. According to Droid Gamers, “some flaws were found during production.”

Jared Spurbeck is an open-source software enthusiast, who uses an Android phone and an Ubuntu laptop PC. He has been writing about technology and electronics since 2008.

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Health officials: Worst of flu season may be over

NEW YORK (AP) — Health officials say the worst of the flu season appears to be over.

The number of states reporting intense or widespread flu dropped again last week. By some measures, flu activity has been ebbing for at least four weeks. Deaths from the flu or pneumonia have been dropping for two weeks.

The Centers for Disease Control and Prevention released the latest flu numbers on Friday.

This flu season started about a month earlier than normal. Outbreaks began in the late fall, and the dominant flu strain is one that tends to make people sicker.

It's been nine years since a flu season started like this one, and that proved to be one of the deadliest. So far, this season has been labeled moderately severe.

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Wall Street dips on renewed euro zone concerns

NEW YORK (Reuters) - Shares fell on Thursday after the euro currency dropped against the safe-haven dollar and yen, raising worries about Europe's outlook and curbing investors' appetite for risky assets such as stocks.

The euro sank after European Central Bank President Mario Draghi said the exchange rate was important to growth and price stability, which investors took as a sign the bank is concerned about the euro's advance in recent days.

U.S. stocks have been in an uninterrupted uptrend for most of the year, with the S&P 500 gaining more than 5 percent for 2013.

"The market is a bit shaky on the back of some of the Draghi comments" amid worry the strength of the euro might hamper economic recovery, said Andre Bakhos, director of market analytics at LEK Securities in New York.

"Whether this ignites renewed concerns about the euro debt struggles and Europe in general is yet to be seen, but the market is looking for any reason to take a profit. It is just consolidating near multi-year highs, taking a respite before we advance higher."

The Dow Jones industrial average <.dji> was down 92.05 points, or 0.66 percent, at 13,894.47. The Standard & Poor's 500 Index <.spx> was down 7.93 points, or 0.52 percent, at 1,504.19. The Nasdaq Composite Index <.ixic> was down 14.95 points, or 0.47 percent, at 3,153.52.

Housing and retail stocks were the day's biggest decliners. The housing sector index <.hgx> was off 1 percent and the S&P housing index <.spxrt> was off 0.5 percent.

Top U.S. retailers reported strong January sales after offering compelling merchandise that drew in shoppers facing a hit to their take-home pay from higher payroll taxes.

Macy's Inc rose 1.3 percent to $40.01 after reporting January same store sales rose 11.7 percent.

But Ann Inc dropped 6.6 percent to $30.63 after forecasting fourth-quarter sales below analysts' expectations.

Fund manager David Einhorn's Greenlight Capital on Thursday said it has sued Apple Inc and said the company needs to do more to unlock value for shareholders. Apple shares gained 1.2 percent at $460.16.

Akamai Technologies Inc lost 15.6 percent to $35.06 as the worst performer on the S&P 500 after the Internet content delivery company forecast current-quarter revenue below analysts' expectations.

Initial jobless claims dipped last week, with the four-week moving average falling to its lowest level since March 2008, signaling the economy continues to recover slowly.

A separate report said fourth-quarter productivity registered its biggest drop in nearly two years, while unit labor costs jumped 4.5 percent, more than economists expected.

According to Thomson Reuters data through Thursday morning, of 317 companies in the S&P 500 that have reported earnings, 69 percent have exceeded analysts' expectations, above a 62 percent average since 1994 and 65 percent over the past four quarters.

Fourth-quarter earnings for S&P 500 companies rose 5 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.

(Additional reporting by Chuck Mikolajczak; Editing by Kenneth Barry and Nick Zieminski)

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Khamenei rebuffs U.S. offer of direct talks

DUBAI (Reuters) - Iran's highest authority, Ayatollah Ali Khamenei, on Thursday slapped down an offer of direct talks made by U.S. Vice President Joe Biden this week, saying they would not solve the problem between them.

"Some naive people like the idea of negotiating with America, however, negotiations will not solve the problem," Khamenei said in a speech to officials and members of Iran's air force carried on his official website.

"If some people want American rule to be established again in Iran, the nation will rise up to face them," he said.

"American policy in the Middle East has been destroyed and Americans now need to play a new card. That card is dragging Iran into negotiations."

Khamenei made his comments just days after Joe Biden said the United States was prepared to meet bilaterally with the Iranian leadership. "That offer stands but it must be real and tangible," Biden said in a speech in Munich.

With traditional fiery rhetoric, Khamenei lambasted Biden's offer, saying that since the 1979 revolution the United States had gravely insulted Iran and continued to do so with its threat of military action.

"You take up arms against the nation of Iran and say: 'negotiate or we fire'. But you should know that pressure and negotiations are not compatible and our nation will not be intimidated by these actions," he added.

Relations between Iran and the United States were severed in 1979 after the overthrow of Iran's pro-western monarchy and diplomatic meetings between officials have since been very rare.

ALL OPTIONS STILL "ON THE TABLE"

Currently U.S.-Iran contact is limited to talks between Tehran and a so-called P5+1 group of powers on Iran's disputed nuclear program which are to resume on February 26 in Kazakhstan.

Israel's Deputy Prime Minister Dan Meridor said he was skeptical the negotiations in Almaty could yield a result, telling Israel Radio that the United States needed to demonstrate to Iran that "all options were still on the table".

Israel, widely recognized to be the only nuclear power in the Middle East, has warned it could mount a pre-emptive strike on Iranian atomic sites. Israel sees its existence as directly threatened by the prospect of an nuclear-armed Iran, given Tehran's refusal to recognize the existence of the Jewish state.

"The final option, this is the phrasing we have used, should remain in place and be serious," said Meridor.

"The fact that the Iranians have not yet come down from the path they are on means that talks ...are liable to bring about only a stalling for time," he said.

Iran maintains its nuclear program is entirely peaceful but Western powers are concerned it is intent on developing a weapons program.

Many believe a deal on settling the nuclear issue is impossible without a U.S.-Iranian thaw. But any rapprochement would require direct talks addressing many sources of mutual mistrust that have lingered since Iran's 1979 Islamic Revolution and the subsequent U.S. embassy hostage crisis in Tehran.

Moreover, although his re-election last November may give President Barack Obama a freer hand to pursue direct negotiations, analysts say Iran's own presidential election in June may prove an additional obstacle to progress being made.

(Additional reporting by Dan Williams; Editing by William Maclean and Jon Boyle)

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