Asian shares rise on US fiscal hopes

TOKYO (Reuters) - Asian shares rose on Monday, supported by hopes U.S. politicians can overcome an imminent fiscal crunch while the yen fell to a near seven-month low against the dollar on expectations a new government chosen in next month's election could pump large amounts of stimulus cash into the economy. A 0.2 percent gain in U.S. stock futures point to a firm Wall Street open, and...

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Obama Heads to Myanmar as It Promises More Reforms

Soe Zeya Tun/ReutersPresident Obama in Yangon, Myanmar, with the opposition leader Daw Aung San Suu Kyi on Monday. YANGON, Myanmar — President Obama journeyed to this storied tropical outpost of pagodas and jungles on Monday to “extend the hand of friendship” as a land long tormented by repression and poverty begins to throw off military rule and emerge from decades of isolation. Mr. Obama...

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Cisco to buy cloud-networking start-up Meraki for $1.2 billion

(Reuters) – Networking equipment company Cisco Systems Inc said it will buy privately held cloud networking company Meraki for $ 1.2 billion in cash as part of its cloud and networking strategy.Cisco said the acquisition of Meraki, which was founded in 2006 by members of MIT’s Laboratory for Computer Science, is expected to close in the second quarter...

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Justin Bieber Brings His Mom to the American Music Awards

By Maggie Coughlan 11/18/2012 at 09:35 PM EST Pattie Mallette and Justin Bieber Jonathan Alcorn/Reuters/Landov Mother knows best!Despite his recent split from Selena Gomez, Justin Bieber still had a date for the 40th American Music Awards on Sunday: his mother,...

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EU drug regulator OKs Novartis' meningitis B shot

LONDON (AP) — Europe's top drug regulator has recommended approval for the first vaccine against meningitis B, made by Novartis AG.There are five types of bacterial meningitis. While vaccines exist to protect against the other four, none has previously been licensed for type B meningitis. In Europe, type B is the most common, causing 3,000 to 5,000 cases every year.Meningitis mainly affects infants...

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Wall Street Week Ahead: Going off "cliff" with a bungee cord

NEW YORK (Reuters) - The 1987 crash. The Y2K bug. The debt ceiling debacle of 2011. All these events, in the end, turned out to be buying opportunities for stocks. So will the "fiscal cliff," some investors say as they watch favorite stocks tumble during the political give-and-take happening in Washington. The first round of talks aimed at avoiding the "fiscal cliff" caused...

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Russia Looks Askance at Corruption Drive

MOSCOW — Ripples of scandal are spreading in Russia’s Far East, where, auditors say, $472 million in construction financing was misallocated ahead of a government summit meeting. About $200 million in missing funds have led to firings in Russia’s space industry. And corruption in the Defense Ministry has figured prominently in Russia’s news cycles since Nov. 6, leaving the fate of its former minister...

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14 Black Friday Tech Deals Start Early at Walmart

1. Apple iPad 2 — 16GB$ 399Click here to view this gallery. [More from Mashable: Top 10 Twitter Pics of the Week]This year Walmart is starting Black Friday on Thursday, so you can get an early start on your holiday tech savings. You’ll need to gobble up your Thanksgiving dinner early and get over to Walmart; the company...

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Taylor Swift and One Direction's Harry Styles: Are They Dating?

By Patrick Gomez 11/17/2012 at 10:40 PM EST Taylor Swift and Harry Styles Janet Mayer/Splash News Online; Don Arnold/Wireimage Taylor Swift appears to be taking her love life in a new direction.The "Never Ever Getting Back Together" singer is seemingly taking...

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EU drug regulator OKs Novartis' meningitis B shot

LONDON (AP) — Europe's top drug regulator has recommended approval for the first vaccine against meningitis B, made by Novartis AG.There are five types of bacterial meningitis. While vaccines exist to protect against the other four, none has previously been licensed for type B meningitis. In Europe, type B is the most common, causing 3,000 to 5,000 cases every year.Meningitis mainly affects infants...

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