Wall Street Week Ahead: A lump of coal for "Fiscal Cliff-mas"

NEW YORK (Reuters) - Wall Street traders are going to have to pack their tablets and work computers in their holiday luggage after all. A traditionally quiet week could become hellish for traders as politicians in Washington are likely to fall short of an agreement to deal with $600 billion in tax hikes and spending cuts due to kick in early next year. Many economists forecast that this...

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In Islamist Bastion, Support Ebbs for Egypt’s Brotherhood

Tara Todras-Whitehill for The New York TimesA school with old posters of Mohamed Morsi, now the president, in Al Talbeya, a neighborhood in Giza, where disaffection with the government is growing. More Photos »AL TALBEYA, Egypt — Mohamed Salamah used to vote with the Muslim Brotherhood. But in Saturday’s referendum on the Islamist-backed constitution, Mr. Salamah says he is voting against it, mainly...

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Red Hat shares up on acquisition and 3Q results

Red Hat Inc.‘s shares jumped Friday on the software company‘s solid third-quarter results and plans to acquire cloud-based software company ManageIQ.THE SPARK: Red Hat said late Thursday that it would buy privately held ManageIQ for $ 104 million in cash.The Raleigh, N.C., company also reported that it earned 29 cents per share for its fiscal third quarter on an adjusted basis, up a penny from the...

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See If You Can Spot the One Color That Popped on the Carpet This Week

Stylewatch Style News Now 12/21/2012 at 12:00 PM ET Getty; Splash News Online; WireImageEven though we didn’t see as many stars on the red carpet this week as last — it’s quiet in Hollywood this holiday season! — we still saw some...

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AP IMPACT: Big Pharma cashes in on HGH abuse

A federal crackdown on illicit foreign supplies of human growth hormone has failed to stop rampant misuse, and instead has driven record sales of the drug by some of the world's biggest pharmaceutical companies, an Associated Press investigation shows.The crackdown, which began in 2006, reduced the illegal flow of unregulated supplies from China, India and Mexico.But since then, Big Pharma has been...

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Asian shares slide as U.S. budget impasse creates anxiety

TOKYO (Reuters) - Asian shares slid on Friday after a Republican proposal to deal with a U.S. fiscal crunch failed to get enough support, deepening uncertainty over the U.S. can avert the "fiscal cliff" of automatic spending cuts and tax increases set to start January 1. "Markets disliked signs of further delay in talks, with the risk that a deal may not be reached by the end of the year...

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Park Geun-hye, South Korean President-Elect, Calls for Reconciliation

Ahn Young-Joon/Associated PressPresident-elect Park Geun-hye during a news conference at her party's headquarters on Thursday in Seoul. SEOUL, South Korea — South Korea’s president-elect, Park Geun-hye, called for national reconciliation on Thursday, a day after she was elected as the country’s first female leader in a close contest that reflected generational divides and growing unease over North...

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Insiders steal a march in leak prone Asian markets

SINGAPORE (Reuters) – When South Korean automaker Hyundai Motor Co announced last month it had overstated the fuel efficiency levels on around one million of its cars in the United States and Canada some investors were left fuming more than others.Some had already sold their shares before the announcement on November 2. The stock fell 4 percent on November 1 with about 2.2 million shares changing...

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The X Factor: Who Won the Show?

The X Factor 12/20/2012 at 10:10 PM EST from left: Fifth Harmony, Tate Stevens and Carly Rose Sonenclar Ray Mickshaw/FOX The X Factor ended on a particularly high note for one of the show's finalists Thursday night.After performing live one last time the night...

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AP IMPACT: Big Pharma cashes in on HGH abuse

An Associated Press investigation shows that a federal crackdown on illicit foreign supplies of human growth hormone has failed to stop rampant misuse, and instead has driven record sales of the drug by some of the world's biggest pharmaceutical companies.The crackdown, which began in 2006, reduced the illegal flow of unregulated supplies from China, India and Mexico. But since then, Big Pharma has...

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Wall Street falls as "cliff" talks sour, but hopes remain

NEW YORK (Reuters) - U.S. stocks sold off late in the day to close at session lows on Wednesday as talks to avert a year-end fiscal crisis turned sour, even as investors still expect a deal. The S&P 500 slipped after a two-day rally that took the benchmark index to its highest close in two months. Defensive-oriented shares led the decliners, including health care and consumer staples....

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Arrests Made in Maple Syrup Theft From Quebec Warehouse

Francis VachonDanny Ayotte prepares maple syrup for pasteurization. The authorities are trying to recover six million pounds of stolen syrup. OTTAWA — It was an inside job of sorts. Thieves with access to a warehouse and a careful plan loaded up trucks and, over time, made off with $18 million of a valuable commodity. The question is what was more unusual: that the commodity in question was...

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Brazilian company releases the ‘IPHONE’ after trademarking the name back in 2000

Title Post: Brazilian company releases the ‘IPHONE’ after trademarking the name back in 2000Rating: 100%based on 99998 ratings.5 user reviews.Author: Fluser SeoLinkThanks for visiting the blog, If any criticism and suggestions please leave a comm...

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The X Factor: Finalists Sing for Votes One Last Time

TV Watch The X Factor By Aaron Parsley 12/19/2012 at 10:40 PM EST from left: Fifth Harmony, Tate Stevens and Carly Rose Sonenclar Ray Mickshaw/FOX Who's going to get a $5 million recording contract?The X Factor's season 2 finale got underway Wednesday night with...

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Experts: Kids are resilient in coping with trauma

WASHINGTON (AP) — They might not want to talk about the gunshots or the screams. But their toys might start getting into imaginary shootouts.Last week's school shooting in Connecticut raises the question: What will be the psychological fallout for the children who survived?For people of any age, regaining a sense of security after surviving violence can take a long time. They're at risk for lingering...

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Asian shares, euro rise on hopes of U.S. "cliff" deal, BOJ easing

SINGAPORE (Reuters) - Asian shares and the euro rose to multi-month highs on Wednesday as expectations of more aggressive monetary stimulus from the Bank of Japan and signs of progress in resolving the U.S. "fiscal cliff" budget crisis lifted demand for riskier assets. European shares were also expected to post gains. However, index futures pointed to a flat opening on Wall Street after...

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For Modernizing Thais, Monastic Life Loses Allure

Young monks rehearsed an evening candlelight ceremony at the Chedi Luang temple in Chiang Mai, Thailand. The country’s Buddhist temples are as much a part of the landscape as rice paddies and palm trees. But many temples in rural Thailand have fallen qui...

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Instagram tests new limits in user privacy

SAN FRANCISCO (Reuters) – Instagram, which spurred suspicions this week that it would sell user photos after revising its terms of service, has sparked renewed debate about how much control over personal data users must give up to live and participate in a world steeped in social media.In forcefully establishing a new set of usage terms, Instagram, the massively popular photo-sharing service owned...

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The Voice Crowns a Winner!

TV Watch By Julia Haskins 12/18/2012 at 11:20 PM EST From left: Terry McDermott, Cassadee Pope, Nicholas David and host Carson Daly Tyler Golden/NBC The Voice has a new winner! After several powerful performances the night before, the top three singers – Nicholas...

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Experts: Kids are resilient in coping with trauma

WASHINGTON (AP) — They might not want to talk about the gunshots or the screams. But their toys might start getting into imaginary shootouts.Last week's school shooting in Connecticut raises the question: What will be the psychological fallout for the children who survived?For people of any age, regaining a sense of security after surviving violence can take a long time. They're at risk for lingering...

Read More..

"Fiscal cliff" hopes lift Asian shares, other risk assets

TOKYO (Reuters) - Asian shares and other risk assets rose on Tuesday as signs of compromise sparked new optimism that the U.S. "fiscal cliff" budget tussle could be settled before tax hikes and spending cuts begin to bite early next year. Differences over how to resolve the fiscal cliff narrowed significantly Monday night as President Barack Obama made a counter-offer to Republicans that...

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