Start of “Santa Claus rally” dampened by “cliff’ worries

NEW YORK (Reuters) – U.S. stocks edged lower on Monday as caution over the potential for volatility driven by worries about the U.S. “fiscal cliff” dampened enthusiasm at the start of a seasonally strong period for equities.Investors are betting Congress will reach a deal to avert most of the austerity measures due to come into force at the start of next year. That has led to the best year for stocks...

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Syria jets kill tens as international envoy visits

BEIRUT (AP) — A government airstrike on a bakery in a rebel-held town in central Syria killed more than 60 people on Sunday, activists said, casting a pall over a visit by the international envoy charged with negotiating an end to the country’s civil war.The strike on the town of Halfaya left scattered bodies and debris up and down a street, and more than a dozen dead and wounded were trapped in tangled...

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RIM’s biggest problem: It’s still scrambling to catch yesterday’s hottest mobile app

The moment I first realized that RIM (RIMM) was truly in enormous trouble was back in 2010 when I heard then co-CEO Jim Balsillie downplay the importance of apps. Yes, you read that correctly. Balsillie actually told attendees at a Web 2.0 summit in 2010 that the Internet itself was the most important “app” for mobile devices and contended that the “Web needs a platform that allows...

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‘Hobbit’ extends No. 1 journey with $36.7 million

LOS ANGELES (AP) — Tiny hobbit Bilbo Baggins is running circles around some of the biggest names in Hollywood.Peter Jackson’s “The Hobbit: An Unexpected Journey” took in $ 36.7 million to remain No. 1 at the box office for the second-straight weekend, easily beating a rush of top-name holiday newcomers.Part one of Jackson’s prelude to his “The Lord of the Rings” trilogy, the Warner Bros. release raised...

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Few tests done at toxic sites after superstorm

OLD BRIDGE, N.J. (AP) — For more than a month, the U.S. Environmental Protection Agency has said that the recent superstorm didn’t cause significant problems at any of the 247 Superfund toxic waste sites it’s monitoring in New York and New Jersey.But in many cases, no actual tests of soil or water are being conducted, just visual inspections.The EPA conducted a handful of tests right after the storm,...

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Italy’s Monti opens door to seeking new term

ROME (Reuters) – Two days after stepping down, Mario Monti announced on Sunday he would consider seeking a second term as Italian prime minister if approached by allies committed to backing his austere brand of reforms.The former European commissioner, appointed to lead an unelected government of experts to save Italy from financial crisis a year ago, resigned on Friday but has faced growing calls...

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Canada spending growth sluggish in November, Mastercard says

(Reuters) – Canada‘s holiday shopping season got off to a slow start in November with retail sales rising only 1.3 percent from the previous year, compared with 4.2 percent growth a year earlier, according to data released by MasterCard on Thursday.Still, the shopping season was still young in November. MasterCard Advisors, the payment company’s research and consulting division, found that in recent...

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Facebook releases ‘Poke’ for the iPhone to compete with Snapchat

Title Post: Facebook releases ‘Poke’ for the iPhone to compete with SnapchatRating: 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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Americans answer D.C.’s siren song of employment, strong economy

WASHINGTON (Reuters) – Thirteen years ago the band The Magnetic Fields crooned that the U.S. capital city is “the greatest place to be,” in the indie love song “Washington, D.C.”Recently, a growing number of Americans are singing along as they move to the District in search of jobs, economic opportunity and cultural attractions.In a study on migration provided exclusively to Reuters that is set to...

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Colorado Woman Billed Medicaid for Dead Father

A Colorado woman was convicted this week for felony forgery for submitting fraudulent documents to Medicaid regarding personal health care services provided to her father after he died. It was the second announcement of Medicaid fraud-related convictions made by the Colorado Attorney General’s office in less than a week. Here are the details.* According to the office of Colorado Attorney General John...

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