Wall Street Week Ahead: "Cliff" worries may drive tax selling

NEW YORK (Reuters) - Investors typically sell stocks to cut their losses at year end. But worries about the "fiscal cliff" - and the possibility of higher taxes in 2013 - may act as the greatest incentive to sell both winners and losers by December 31. The $600 billion of automatic tax increases and spending cuts scheduled for the beginning of next year includes higher rates for capital...

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World Briefing | AFRICA: Uganda: Oil Industry Regulations Passed

Lawmakers passed legislation on Friday intended to regulate Uganda’s nascent oil industry, but critics say it gives too much authority over the industry to the nation’s energy minister. The legislation, which has been debated for more than a year, is meant to pave the way for oil production in Uganda. But Global Witness, a group that highlights the links between the exploitation of...

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New Sony online store offers remote downloads to PlayStation and mobile devices

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Susan Powell's Father-in-Law Secretly Took 4,500 Pictures of Her

12/07/2012 at 07:30 PM EST Wrapping up a year that has brought unimaginable frustration and heartbreak, Susan Powell's family marked the three-year anniversary of her disappearance at a ceremony this week near where her two sons are buried."It's a hard time of year," Susan's father, Chuck Cox, tells PEOPLE....

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Smokers celebrate as Wash. legalizes marijuana

SEATTLE (AP) — The crowds of happy people lighting joints under Seattle's Space Needle early Thursday morning with nary a police officer in sight bespoke the new reality: Marijuana is legal under Washington state law.Hundreds gathered at Seattle Center for a New Year's Eve-style countdown to 12 a.m., when the legalization measure passed by voters last month took effect. When the clock struck, they...

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Asia shares at 2012 high, markets await U.S. jobs data

TOKYO (Reuters) - Asian shares touched fresh 16-month highs on Friday as investors awaited U.S. nonfarm payrolls data due later in the day, with sentiment underpinned by signs that China's economy is stabilizing. European shares will likely gain modestly, with financial spreadbetters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi>...

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Morsi Defends Wide Authority in Egypt as Turmoil Rises

CAIRO — Egypt descended deeper into political turmoil on Thursday as the embattled president, Mohamed Morsi, blamed an outbreak of violence on a “fifth column” and vowed to proceed with a referendum on an Islamist-backed constitution that has prompted deadly street battles between his supporters and their opponents. As the tanks and armored vehicles of the elite presidential guard ringed...

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Apple to return some Mac production to U.S. in 2013

SAN FRANCISCO/NEW YORK (Reuters) – Apple Inc plans to move some production of Macintosh computers to the United States from China next year, Chief Executive Tim Cook said in remarks published on Thursday, in what could be a important test of the nascent comeback in U.S. electronics manufacturing.Apple makes the majority of its products, from Macs to the iPhone and iPad, in China, the world’s factory...

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The X Factor Reveals Its Four Semi-Finalists

TV Watch The X Factor By Aaron Parsley 12/06/2012 at 09:20 PM EST There were tears on The X Factor Thursday night. With only four spots in next week's semi-finals, the six acts who performed two songs each Wednesday night were a tense bunch. Especially after last week's shocking elimination that sent home fan...

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Celebrations planned as Wash. legalizes marijuana

SEATTLE (AP) — Legal marijuana possession becomes a reality under Washington state law on Thursday, and some people planned to celebrate the new law by breaking it.Voters in Washington and Colorado last month made those the first states to decriminalize and regulate the recreational use of marijuana. Washington's law takes effect Thursday and allows adults to have up to an ounce of pot — but it bans...

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Dow, S&P rise, but Nasdaq sours with Apple in wild day

NEW YORK (Reuters) - A volatile trading session ended with U.S. stocks mostly higher on Wednesday, even as Apple, the most valuable company in the United States, suffered its worst day of losses in almost four years. In a strange occurrence, Apple accounted for the entirety of the Nasdaq 100's <.ndx> fall of 1.1 percent, while the Dow industrials - which do not include Apple as...

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IHT Rendezvous: Typhoon Bopha: Hurricane Sandy Times Two

HONG KONG — The official death toll from Typhoon Bopha climbed to 325 by Thursday afternoon, and with nearly 400 Filipinos still unaccounted for, the typhoon appeared as if it would be twice as deadly as Hurricane Sandy, the storm that thrashed the Caribbean and the eastern United States six weeks ago.Sandy killed at least 253 people, including 132 in the United States. President Obama is expected...

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Apple’s shares swallow biggest loss in four years

NEW YORK/SAN FRANCISCO (Reuters) – Apple Inc shares tumbled more than 6 percent on Wednesday, chalking up their biggest single-day loss in four years as fears grow about intensifying competition in the mobile device market.Investors and analysts blamed the sell-off on a mix of factors, including a forecast by an influential research firm that the iPad maker is continuing to cede ground to rival Google...

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Frank Ocean, Taylor Swift Collect Grammy Nominations

12/06/2012 at 01:00 AM EST How FUN!The Grammys handed out their nominations Wednesday night at a concert in Nashville and there was a decidedly youthful feel: Taylor Swift earned a nod for record of the year and the band FUN joined Frank Ocean with the trifecta of album and record of the year and best new artist. In...

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Study could spur wider use of prenatal gene tests

A new study sets the stage for wider use of gene testing in early pregnancy. Scanning the genes of a fetus reveals far more about potential health risks than current prenatal testing does, say researchers who compared both methods in thousands of pregnancies nationwide.A surprisingly high number — 6 percent — of certain fetuses declared normal by conventional testing were found to have genetic abnormalities...

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Wall Street slips as investors seek cliff progress

NEW YORK (Reuters) - Stocks finished slightly lower in a quiet session on Tuesday as the back-and-forth wrangling over the "fiscal cliff" gave investors little reason to act. Trading volume was light as legislators continue to negotiate a deal to avoid a $600 billion package of tax hikes and federal spending cuts that would begin January 1 and could push the economy into recession. ...

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Changing of the Guard: How Crash Cover-Up Altered China’s Succession

BEIJING — “Thank you. I’m well. Don’t worry,” read the post on a Chinese social networking site. The brief comment, published in June, appeared to come from Ling Gu, the 23-year-old son of a high-powered aide to China’s president, and it helped quash reports that he had been killed in a Ferrari crash after a night of partying. It only later emerged that the message was a sham, posted by someone...

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Amazon launches Kindle content service for kids

NEW YORK (AP) — Amazon is launching a subscription service for children’s games, videos and books aimed at getting more kids to use its Kindle Fire tablet devices.Amazon.com Inc. plans to announce Wednesday that the Kindle FreeTime Unlimited service will be available in the next few weeks as part of an automatic software update.Amazon said subscribers will have access to “thousands” of pieces of content,...

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The Voice Reveals Top Four Contestants

TV Watch By Julia Haskins 12/04/2012 at 09:35 PM EST The Voice"'s top six contestants were under double pressure Monday night when they had to sing two songs each. But there was even more stress at Tuesday's elimination. "It went as well as it could have gone," Team Blake's Terry McDermott said on Monday of his...

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Study: Drug coverage to vary under health law

WASHINGTON (AP) — A new study says basic prescription drug coverage could vary dramatically from state to state under President Barack Obama's health care overhaul.That's because states get to set benefits for private health plans that will be offered starting in 2014 through new insurance exchanges.The study out Tuesday from the market analysis firm Avalere Health found that some states will require...

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Asian shares slip off nine-month high on weak U.S. data

SINGAPORE (Reuters) - Asian shares slipped on Tuesday after a plunge in U.S. manufacturing activity hit Wall Street stocks and the dollar, while the euro hovered near a six-week high on optimism over Greece's plan to buy back debt. Declines in Asian stock markets suggested caution setting in after gains in recent weeks, with investors reluctant to chase shares higher amid continued gridlock...

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Iraq’s Latest Crisis Is a Standoff With Northern Kurds

Azad Lashkari/ReutersOfficials in Baghdad, including American diplomats, are trying to mediate a dispute with the Kurdish government in the north. BAGHDAD — It was just the sort of episode that observers have long worried could provoke a serious conflict: when federal police agents sought to arrest a Kurdish man last month in the city of Tuz Khurmato in the Kurdish north of the country, a gunfight...

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