NEW YORK (Reuters) - Stocks retreated after six days of gains on Thursday as encouraging reports on retail sales and jobless claims were outweighed by the uncertainty surrounding the "fiscal cliff" negotiations in Washington. Drawn-out fiscal negotiations between Democrats and Republicans have constrained trading. There is concern that tax hikes and spending cuts set to begin in 2013...
Dec
12
Facebook revises privacy controls in effort to make them more accessible, comprehensible
Label: TechnologySAN FRANCISCO – Facebook is trying to make its privacy controls easier to find and understand in an effort to turn the world’s largest social network into a more discreet place.The fine-tuning announced Wednesday will include several revisions that will start rolling out to Facebook Inc.‘s more than 1 billion users in the next few weeks.The biggest change will be a new “privacy shortcuts” section...
Sir Paul McCartney to Lead Nirvana Reunion at 12-12-12 Sandy Relief Concert
Label: Lifestyle Music News 12/12/2012 at 01:50 PM EST Paul McCartney; Nirvana (Dave Grohl, Kurt Cobain, Krist Novoselic) INF, Everett Smells like The Beatles?Sir Paul McCartney will front a Nirvana reunion as part of Wednesday night's 12-12-12: The Concert for Sandy Relief, a...
Congress examines science behind HGH test for NFL
Label: HealthWASHINGTON (AP) — A congressional committee has opened a hearing to examine the science behind a human growth hormone test the NFL wants to start using on its players.Nearly two full seasons have passed since the league and the players' union signed a labor deal that set the stage for HGH testing.The NFL Players Association won't concede the validity of a test that's used by Olympic sports and Major...
Stocks hit session highs after Fed announcement
Label: BusinessNEW YORK (Reuters) - Stocks climbed to session highs on Wednesday after the U.S. Federal Reserve announced a new stimulus plan at the end of its two-day monetary policy meeting in its latest attempt to kickstart a struggling economy. The central bank replaced a more modest stimulus program due to expire at year-end with a fresh round of Treasury purchases that will increase its balance...
Dec
11
Cheikh Modibo Diarra, Mali’s Prime Minister, Resigns After Arrest
Label: WorldBAMAKO, Mali — Soldiers arrested Mali’s prime minister at his residence late Monday night, signaling new turmoil in a West African nation racked by military interference and an Islamist takeover in the north. Associated PressPrime Minister Cheikh Modibo Diarra appeared on state television and announced his government’s resignation on Tuesday. ...
Notorious patent troll hits RIM with new lawsuit, seeks BlackBerry sales ban
Label: TechnologyWell-known patent troll Wi-LAN has filed a new lawsuit against BlackBerry maker Research In Motion (RIMM) in the U.S. District Court for the Southern District of Florida. Wi-LAN, which describes itself as “a leading intellectual property licensing company,” claims RIM’s BlackBerry smartphones infringe U.S. Patent No. 6,260,168, owned by Wi-LAN, which relates to Bluetooth implementation....
Tom Brady Is Thrilled His Sons Have a Sister
Label: Lifestyle Mom & Babies Celebrity Baby Blog 12/11/2012 at 11:00 AM ET Rob Carr/GettyHaving grown up with three of them, Tom Brady knows the value of having a sister — and is thrilled for his sons that they get to experience it.“I think it’s great for my boys to have a girl in the house,” the father of two...
Surprise: New insurance fee in health overhaul law
Label: HealthWASHINGTON (AP) — Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul.The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed...
Tech titans, "cliff" hopes push indexes up
Label: BusinessNEW YORK (Reuters) - Rising shares in technology companies helped push major stock indexes up around 1 percent on Tuesday, as the S&P 500 reached its best levels since mid-October, recouping its post-election selloff. A 3.1 percent gain in Apple Inc's stock lifted the Nasdaq, as the largest U.S. company by market value rebounded from a week in which investors took profits before...
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