NEW YORK (Reuters) - Rising shares in technology companies helped push major stock indexes up around 1 percent on Tuesday, as the S&P 500 reached its best levels since mid-October, recouping its post-election selloff. A 3.1 percent gain in Apple Inc's stock lifted the Nasdaq, as the largest U.S. company by market value rebounded from a week in which investors took profits before...
Surprise: New insurance fee in health overhaul law
Label: HealthWASHINGTON (AP) — Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul.The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed...
Dec
10
Morsi Spokesman Tries to Clarify Military Order
Label: WorldPetr David Josek/Associated PressDemonstrators camping out in Cairo's Tahrir Square on Monday. CAIRO — A day after President Mohamed Morsi formally directed the military to help keep public order and authorized soldiers to arrest civilians, a spokesman on Monday sought to draw distinctions between the order and the forms of martial law that the Egyptian Army had previously imposed. The spokesman,...
China party chief stresses reform, censors relax grasp on internet
Label: TechnologyBEIJING (Reuters) – China must deepen reforms to perfect its market economy and strengthen rule of law, Communist Party chief Xi Jinping said in southern Guangdong, echoing groundbreaking comments by reformist senior leader Deng Xiaoping in the same province 20 years ago.Xi’s call for reform was reported on Monday, coinciding with an apparent easing of Internet search restrictions that the party has...
Pink Offers Sympathy for Kate's Pregnancy Woes
Label: Lifestyle By Andrea Billups 12/10/2012 at 02:30 PM EST Pink and Willow Sage Hart NPG She's tiny, athletic and so fit she can sing while hanging upside down performing Cirque du Soleil-style moves. But Pink says she was just like many other women when she was pregnant last...
Surprise: New insurance fee in health overhaul law
Label: HealthWASHINGTON (AP) — Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul.The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed...
Wall Street edges up, led by McDonald's and tech
Label: BusinessNEW YORK (Reuters) - Stocks advanced slightly on Monday, helped by gains in McDonald's after the fast-food giant posted strong sales results, and a move up in technology shares. Technology stocks were the S&P 500's best-performing sector as Hewlett-Packard Co climbed 2.5 percent to $14.14 on rumors that activist investor Carl Icahn is building a stake in the PC maker. The stock is...
Dec
09
Fear of Fighting Haunts Once-Tranquil Damascus
Label: WorldMuzaffar Salman/ReutersA portrait of President Bashar al-Assad outside the venue of a charity concert by the Syrian National Symphony Orchestra in Damascus on Nov. 21. DAMASCUS, Syria — Business has been terrible for Abu Tareq, a taxi driver, so last week, without telling his wife, he agreed to drive a man to the Damascus airport for 10 times the usual rate. But, he said later, he will not be doing...
Johnny Depp, Jennifer Love Hewitt Bring New Twists to Classic Films & More Casting News
Label: Lifestyle By Julia Haskins 12/09/2012 at 03:00 PM EST Johnny Depp and Jennifer Love Hewitt Wireimage(2) Johnny Depp and Jennifer Love Hewitt are re-imagining stories, both classic and bizarre, in upcoming movies.Depp will help give life to Miguel de Cervantes's famed character...
Wall St Week Ahead: "Cliff" worries may drive tax selling
Label: BusinessNEW YORK (Reuters) - Investors typically sell stocks to cut their losses at year end. But worries about the "fiscal cliff" - and the possibility of higher taxes in 2013 - may act as the greatest incentive to sell both winners and losers by December 31. The $600 billion of automatic tax increases and spending cuts scheduled for the beginning of next year includes higher rates for capital...
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