Wall Street Week Ahead: A lump of coal for "Fiscal Cliff-mas"

NEW YORK (Reuters) - Wall Street traders are going to have to pack their tablets and work computers in their holiday luggage after all. A traditionally quiet week could become hellish for traders as politicians in Washington are likely to fall short of an agreement to deal with $600 billion in tax hikes and spending cuts due to kick in early next year. Many economists forecast that this...

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Obama Nominates Kerry for Secretary of State

WASHINGTON — President Obama nominated Senator John Kerry of Massachusetts as secretary of state, choosing an elder of the Democratic Party’s foreign policy establishment and a crucial political ally in the Senate to succeed Hillary Rodham Clinton. “In a sense, John’s entire life has prepared him for this role,” Mr. Obama said, making the widely expected announcement at the White House. “He’s...

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RIM shares dive as fee changes catch market off guard

(Reuters) – Shares of BlackBerry maker Research In Motion Ltd dropped 20 percent on Friday on fears that a new fee structure for its high-margin services segment could put pressure on the business that has set the company apart from its competitors.The shares were still more than 80 percent above the year’s low, which was hit in September. They started to rally in November as investors began to bet...

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Zoë Saldana's Early Christmas Gift: A New Rescue Dog!

People Pets By Amy Jamieson 12/21/2012 at 02:30 PM EST Zoe Saldana and her new dog Mugsy Courtesy Zoe Saldana. Inset: Tony DiMaio/startraks Christmas has come a few days early for Zoë Saldana.The actress has received a gift in the form of a little white rescue...

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AP IMPACT: Big Pharma cashes in on HGH abuse

A federal crackdown on illicit foreign supplies of human growth hormone has failed to stop rampant misuse, and instead has driven record sales of the drug by some of the world's biggest pharmaceutical companies, an Associated Press investigation shows.The crackdown, which began in 2006, reduced the illegal flow of unregulated supplies from China, India and Mexico.But since then, Big Pharma has been...

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Wall Street sinks as "fiscal cliff" fears escalate

NEW YORK (Reuters) - U.S. stocks slid on Friday after a Republican plan to avoid the "fiscal cliff" failed to gain support on Thursday night, shrinking hopes that a deal would be reached before the new year. Trading was volatile as investors lost confidence in the prospect of a deal between the White House and Republicans. Lower volume ahead of the Christmas and New Year's holidays exaggerated...

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Yemeni Leader, Hadi, Shakes Up a Divided Military

BEIRUT, Lebanon — President Abdu Rabbu Mansour Hadi of Yemen ordered a sweeping restructuring of the country’s divided and weak military on Wednesday, moving to replace or sideline commanders who were loyal to his predecessor and whose competing agendas had fed the country’s persistent insecurity. Yahya Arhab/European Pressphoto AgencyA Yemeni soldier at a checkpoint in Sana, Yemen, on...

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Acer will beat Google to market with its own $99 tablet

Title Post: Acer will beat Google to market with its own $99 tabletRating: 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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The Best Viral Videos of 2012

By Cara Lynn Shultz 12/20/2012 at 02:05 PM EST Everybody danced like a galloping horse, thanks to "Gangnam Style."Everyone sang "Call Me Maybe" – even Barack Obama. (Well, sort of.) And everyone wondered why Zooey Deschanel asked, "Siri, is that rain?" when she was standing by a window in an iPhone commercial. These...

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AP IMPACT: Steroids loom in major-college football

WASHINGTON (AP) — With steroids easy to buy, testing weak and punishments inconsistent, college football players are packing on significant weight — 30 pounds or more in a single year, sometimes — without drawing much attention from their schools or the NCAA in a sport that earns tens of billions of dollars for teams.Rules vary so widely that, on any given game day, a team with a strict no-steroid...

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