31 December 2012 Last updated at 16:21 ETContinue reading the main storyContinue reading the main story (Close): Wall Street shares rose after President Obama said that a deal to avoid the fiscal cliff was in sight.The Dow Jones Industrial Average closed up 166.0 points, or 1.3%, at 13,104.1, following five days of losses.It meant that the index was up 7% for the whole year.The index had been little...
Dec
31
Pope marks end of difficult year, notes God’s good
Label: WorldVATICAN CITY (AP) — Pope Benedict XVI marked the end of a difficult year Monday by saying that despite all the death and injustice in the world, goodness prevails.Benedict celebrated New Year’s Eve with a vespers service in St. Peter’s Basilica to give thanks for 2012 and look ahead to 2013. He appeared tired during the service and used a cane afterward — an indication that the busy Christmas season...
Ban on demanding Facebook passwords among new 2013 state laws
Label: TechnologyCHICAGO (Reuters) – Employers in California and Illinois will be prohibited from demanding access to workers’ password-protected social networking accounts and teachers in Oregon will be required to report suspected student bullies thanks to new laws taking effect in 2013.In all, more than 400 measures were enacted at the state level during 2012 and will become law in the new year, according to the...
Kardashian, West feel ‘blessed’ over baby news
Label: LifestyleATLANTIC CITY, N.J. (AP) — Kim Kardashian and Kanye West are feeling lucky about their first child together.“It’s true,” the 32-year-old reality TV star said in a statement on her site Monday. “Kanye and I are expecting a baby. We feel so blessed and lucky and wish that in addition to both of our families, his mom and my dad could be here to celebrate this special time with us.”Kardashian’s father,...
Combative Obama knocks Republicans, says fiscal deal in sight
Label: HealthWASHINGTON (Reuters) – President Barack Obama, in remarks that needled Republicans and resembled a victory lap, said on Monday an agreement with Congress to avoid a “fiscal cliff” of tax increases and spending cuts was in sight.The Democratic president appeared at a White House event in the early afternoon with cheering supporters to press for lawmakers to complete a deal that would extend tax cuts...
Housing and jobs key to lifting S&P toward record
Label: BusinessNEW YORK (AP) — It may be a big if, but assuming Washington lawmakers can get past the “fiscal cliff,” many analysts say that the outlook for stocks next year is good, as a recovering housing market and an improving jobs outlook helps the economy maintain a slow, but steady recovery.An advance of 10 percent in 2013 would send the S&P 500 toward, and possibly past, its record close of 1,565 reached...
Dec
30
Pakistan militants kill 41 in mass execution, attack on Shi’ites
Label: WorldPESHWAR, Pakistan (Reuters) – Pakistani militants, who have escalated attacks in recent weeks, killed at least 41 people in two separate incidents, officials said on Sunday, challenging assertions that military offensives have broken the back of hardline Islamist groups.The United States has long pressured nuclear-armed ally Pakistan to crack down harder on both homegrown militants groups such as...
“The Hobbit” keeps box office crown for third week
Label: Lifestyle(Reuters) – The dwarfs and elves of “The Hobbit: An Unexpected Journey” prevailed at the North American box office again over the weekend, as its $ 32.9 million in ticket sales topped both the star-packed musical “Les Miserables” and the western “Django Unchained.”Despite surging past “The Hobbit” on Christmas day with an $ 18.1 million opening, “Les Miz” managed only third place in U.S. and Canadian...
New Year’s Resolutions For Better Health
Label: HealthNew Year’s resolutions are typically so singular, self-focused and private. How about making a resolution or two this year that has benefits beyond yourself? Here are some suggestions with lots of links to get you started.You can help stop the spread of disease. Resolve to get up-to-date on your vaccines. While children have a full slate of vaccines, many adults don’t realize they have regular immunization...
A Famous Short Seller Turns His Gaze Toward Singapore
Label: BusinessThe short-seller who made his reputation by savaging Chinese companies is turning his attention elsewhere. Carson Block, 36, whose research helped erase almost $ 7 billion of market value in China since 2010, says Olam International (OLAM), the Singapore-backed commodity merchant responsible for 90 percent of the world’s peanut trade, is a sham doomed to fail. “Comparisons to Enron are overused, but...
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