NEW YORK (Reuters) - Investors face another Washington-imposed deadline on government spending cuts next week, but it's not generating the same level of fear as two months ago when the "fiscal cliff" loomed large. Investors in sectors most likely to be affected by the cuts, like defense, seem untroubled that the budget talks could send stocks tumbling. Talks on the U.S. budget...
North Korea Warns U.S. Forces of ‘Destruction’ Ahead of Drills
Label: WorldSEOUL (Reuters) — North Korea on Saturday warned the top U.S. military commander stationed in South Korea that his forces would “meet a miserable destruction” if they go ahead with scheduled military drills with South Korean troops, North Korean state media said. Pak Rim-su, chief delegate of the North Korean military mission to the inter-Korean truce village of Panmunjom, gave the message...
Feb
22
Jobs, factory, inflation data favor easy Fed policy
Label: BusinessWASHINGTON (Reuters) - A raft of U.S. economic data on Thursday from claims for jobless aid to factory activity and consumer prices pointed to a still tepid recovery and supported the argument for the Federal Reserve to maintain its monetary stimulus. The Fed is currently buying $85 billion in bonds per month and has said it would keep up purchases until the labor market outlook improves...
Pistorius Bail Hearing Set to Resume
Label: WorldPRETORIA, South Africa — Oscar Pistorius, the double amputee track star accused of murdering his girlfriend, was to return to court on Friday on the fourth day of hearings this week about whether he should be granted bail in a case that has riveted the nation. News reports said he slipped into the courthouse, his head covered by a jacket, some time before the scheduled start of hearings that...
Will the PlayStation 4 Play Used Games? Maybe, Maybe Not
Label: TechnologyAhead of Sony’s PlayStation 4 announcement Wednesday night, the rumor mill put odds on the new game console’s ability to play used games at right about zero. Bear in mind the rumors came from gossip blogs known for chasing the moon, but the notion struck a chord with gamers because it’s been happening for years over on the PC side of the biz: bigwigs like Valve and Blizzard eliminated the secondary...
American Idol: Sudden-Death Round Begins for Men
Label: Lifestyle TV Watch By Steve Helling 02/21/2013 at 11:00 PM EST From left: Randy Jackson, Mariah Carey, Ryan Seacrest, Nicki Minaj and Keith Urban George Holz/FOX On Wednesday, 10 women sang for five spots on American Idol's live shows. On Thursday, it was the remaining guys'...
APNewsBreak: Govs to hear Oregon health care plan
Label: HealthSALEM, Ore. (AP) — Oregon Gov. John Kitzhaber will brief other state leaders this weekend on his plan to lower Medicaid costs, touting an overhaul that President Barack Obama highlighted in his State of the Union address for its potential to lower the deficit even as health care expenses climb.The Oregon Democrat leaves for Washington, D.C., on Friday to pitch his plan that changes the way doctors...
Feb
21
Wall Street ends down sharply after Fed minutes
Label: BusinessTORONTO, Feb 20 (Reuters) - Canada's Rebecca Marino, a rising star in women's tennis, stepped away from the sport in search of a normal life on Wednesday, weary of battling depression and cyber-bullies. Ranked number 38 in the world two years ago, the 22-year-old admitted she had long suffered from depression and was no longer willing to make the sacrifices necessary to reach the top. "After thinking...
Apple supplier Foxconn freezes hiring at largest plant
Label: TechnologyTAIPEI/NEW YORK (Reuters) – Apple Inc’s manufacturing partner Foxconn Technology Group has frozen hiring at a Shenzhen plant that makes gadgets including the iPhone 5 and put the brakes on recruiting for other factories across China, but said the move was not linked to any single client.Foxconn, which runs a network of factories across the world’s No. 2 economy that make products for tech companies...
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