U.N. Envoy Calls for Transitional Syria Government





BEIRUT, Lebanon — Lakhdar Brahimi, the international envoy on a mission to Damascus seeking an end to the escalating civil conflict in Syria, said Thursday that a transitional government with full executive authority should be established, perhaps within months, and should rule the country until elections could be held.




Mr. Brahimi did not say who would serve in such a government, and he offered no details about the role that President Bashar al-Assad would play — if any — during a transitional period. But his comments suggested that if Mr. Assad remained in the country, he would retain none of his authority.


“All the powers of government should be with this government,” Mr. Brahimi said of the proposed transitional authority.


His comments to reporters in Damascus were his most detailed since he traveled Sunday to Syria, where he met with Mr. Assad and Syrian opposition members in an effort to revive hopes of a political solution to the nearly two-year-old crisis. But even as Mr. Brahimi and other international diplomats warned Thursday of the high cost Syrians would pay if his efforts failed, there was no immediate sign of a new diplomatic formula that would be acceptable to both the government and its opponents.


“The situation is bad and worsening,” Mr. Brahimi said. “The Syrian people are suffering unbearably. We do not speak in a vacuum about theoretical things.”


Over the past month, Mr. Brahimi, as the special Syria representative from the United Nations and the Arab League, has consulted extensively with the United States and Russia in hopes of fulfilling an accord reached in Geneva this summer calling for dialogue between Syria’s government and the opposition.


As a Syrian government delegation met with Russia’s top diplomats in Moscow on Thursday, a spokesman for the Russian Foreign Ministry, Aleksandr K. Lukashevich, said no specific plan was under discussion.


Russia, a leading ally of the Assad government, has long pointed to the Geneva agreement, which calls for the creation of a transitional government and for talks between the antagonists, as the only acceptable basis for resolving the conflict. However, the agreement does not address Mr. Assad’s fate, which is a crucial problem because many in the opposition say he must step down as a precondition for talks.


In Damascus on Thursday, Mr. Brahimi also denied that he had proposed a specific plan, as many opposition members had asserted in recent days. And he said that the United States and Russia had not reached any agreement that he was pressing Mr. Assad to accept. “I wish there was a U.S.-Russia proposal for me to sell,” he said, adding: “I did not come here to sell.”


The envoy said that the Geneva framework “includes elements that are sufficient for a plan to end the crisis in the next few coming months,” mentioning a peacekeeping force to monitor a cease-fire and the establishment of a transitional government. He said that the transition “should not be allowed to lead to the collapse of the state and its institutions.”


Mr. Brahimi’s comments were met with pessimism by members of the largest opposition coalition, who have long said that any arrangement that left Mr. Assad in the country was unacceptable. They have also called for the dismantling of state institutions tied to repression by the government, especially the security and intelligence services. As insurgent groups make gains against the Syrian military, the political opposition has shown even less willingness to compromise.


“His initiative is very late, and it is very much detached from what’s actually happening on the ground and on the battlefield,” said Ahmad Ramadan, a coalition member who is in Turkey. “We will not discuss any transitional government before Bashar al-Assad steps down.”


In Washington, a State Department spokesman, Patrick Ventrell, on Thursday praised efforts to produce a peaceful transition but ruled out any role for Mr. Assad in the process.


Frederic C. Hof, who served as a special adviser on Syria to the State Department, said in an e-mail that Mr. Brahimi’s efforts amounted to “a long shot.”


“Assad is not yet persuaded that he needs to yield power and get out,” Mr. Hof said. “There is no solution that involves him sticking around, even as a figurehead.”


Even a pact that requires Mr. Assad’s allies and Syrian opposition forces to simply agree to negotiate would be a hard sell, said Dmitri V. Trenin, the director of the Carnegie Moscow Center.


This year, he said, influential policy makers in Moscow favored a process like the one that led to the Dayton Accords to end the Bosnian war of the 1990s. “Bring them together, close the door and don’t let them out until they reach an agreement,” he said.


But Mr. Trenin said he had serious doubts that either Moscow or Washington could induce the two sides in Syria to sit down at the table. “Frankly, I see very little leverage that Russia has over Assad,” he said. “Even if the United States were prepared to lean hard on the opposition, or push them toward some kind of negotiation, I do not see the gulf states or the Turks backing that move.”


In recent weeks, said Mr. Lukashevich, the Foreign Ministry spokesman, Moscow has ratcheted up its diplomacy in an effort to “intensify dialogue, not only with the government but also with the opposition groups.”


Top Russian officials met Thursday in Moscow with Syria’s deputy foreign minister, Faisal al-Meqdad. Mr. Brahimi will meet with the Russian foreign minister, Sergey V. Lavrov, in Moscow on Saturday.


Mr. Lukashevich said Russia was open to talks with Syria’s national opposition coalition, which has been recognized by many Western governments as representing the Syrian people.


“We are not rejecting this dialogue,” he said. “On the contrary, we are holding it very vigorously with all opposition groups who are also interested in getting better insight into the Russian approach.”


“It is obviously another question when and at what level they will take place,” he said.


Kareem Fahim reported from Beirut, and Ellen Barry from Moscow. Hwaida Saad contributed reporting from Beirut, Hala Droubi from Dubai, United Arab Emirates, and Eric Schmitt from Washington.



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iOS apps see Christmas sales spike shrink in 2012






Distimo just released its statistics on Christmas Day app downloads and revenue growth… and the download spike is far smaller than it was last year. Back in 2011, Christmas Day iOS app download volume spiked 230% above the December average. This year, the increase was just 87% — far below industry expectations. The revenue spike came in at 70%.


[More from BGR: Google names 12 best Android apps of 2012]






Interestingly, iPad downloads increased by 140% this Christmas, implying that the iPhone download bounce was really modest.


[More from BGR: New purported BlackBerry Z10 specs emerge: 1.5GHz processor, 2GB RAM, 8MP camera]


A few weeks ago, AppAnnie released statistics showing that iOS app revenue growth had stalled over the summer of 2012, whereas Android app revenue growth was relatively strong at 48% over a five month period. Both Distimo and Appannie are respected companies and their analytics are closely followed by app industry professionals. Could it be that the pace of iPhone app revenue growth has slowed down sharply from 2011 levels, even if Distimo and AppAnnie numbers aren’t entirely accurate?


This article was originally published by BGR


Gadgets News Headlines – Yahoo! News





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Ashton Kutcher & Mila Kunis Share 'Flirtatious' Lunch in Chicago















12/27/2012 at 05:10 PM EST







Ashton Kutcher and Mila Kunis


FameFlynet


After spending some quality time in Iowa over the holidays, Ashton Kutcher and Mila Kunis visited Chicago on Thursday.

Around noon, the couple stopped into eco-friendly restaurant Prasino.

"They were both very courteous to the staff and flirtatious with each other," an onlooker tells PEOPLE.

At the restaurant celebrated for its farm-to-table cuisine, the former That 70s Show costars shared dishes including the short rib skillet and Florentine crepes.

– Jennifer Garcia


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Kenya hospital imprisons new mothers with no money


NAIROBI, Kenya (AP) — The director of the Pumwani Maternity Hospital, located in a hardscrabble neighborhood of downtown Nairobi, freely acknowledges what he's accused of: detaining mothers who can't pay their bills. Lazarus Omondi says it's the only way he can keep his medical center running.


Two mothers who live in a mud-wall and tin-roof slum a short walk from the maternity hospital, which is affiliated with the Nairobi City Council, told The Associated Press that Pumwani wouldn't let them leave after delivering their babies. The bills the mothers couldn't afford were $60 and $160. Guards would beat mothers with sticks who tried to leave without paying, one of the women said.


Now, a New York-based group has filed a lawsuit on the women's behalf in hopes of forcing Pumwani to stop the practice, a practice Omondi is candid about.


"We hold you and squeeze you until we get what we can get. We must be self-sufficient," Omondi said in an interview in his hospital office. "The hospital must get money to pay electricity, to pay water. We must pay our doctors and our workers."


"They stay there until they pay. They must pay," he said of the 350 mothers who give birth each week on average. "If you don't pay the hospital will collapse."


The Center for Reproductive Rights, which filed the suit this month in the High Court of Kenya, says detaining women for not paying is illegal. Pumwani is associated with the Nairobi City Council, one reason it might be able to get away with such practices, and the patients are among Nairobi's poorest with hardly anyone to stand up for them.


Maimouna Awuor was an impoverished mother of four when she was to give birth to her fifth in October 2010. Like many who live in Nairobi's slums, Awuor performs odd jobs in the hopes of earning enough money to feed her kids that day. Awuor, who is named in the lawsuit, says she had saved $12 and hoped to go to a lower-cost clinic but was turned away and sent to Pumwani. After giving birth, she couldn't pay the $60 bill, and was held with what she believes was about 60 other women and their infants.


"We were sleeping three to a bed, sometimes four," she said. "They abuse you, they call you names," she said of the hospital staff.


She said saw some women tried to flee but they were beaten by the guards and turned back. While her husband worked at a faraway refugee camp, Awuor's 9-year-old daughter took care of her siblings. A friend helped feed them, she said, while the children stayed in the family's 50-square-foot shack, where rent is $18 a month. She says she was released after 20 days after Nairobi's mayor paid her bill. Politicians in Kenya in general are expected to give out money and get a budget to do so.


A second mother named in the lawsuit, Margaret Anyoso, says she was locked up in Pumwani for six days in 2010 because she could not pay her $160 bill. Her pregnancy was complicated by a punctured bladder and heavy bleeding.


"I did not see my child until the sixth day after the surgery. The hospital staff were keeping her away from me and it was only when I caused a scene that they brought her to me," said Anyoso, a vegetable seller and a single mother with five children who makes $5 on a good day.


Anyoso said she didn't have clothes for her child so she wrapped her in a blood-stained blouse. She was released after relatives paid the bill.


One woman says she was detained for nine months and was released only after going on a hunger strike. The Center for Reproductive Rights says other hospitals also detain non-paying patients.


Judy Okal, the acting Africa director for the Center for Reproductive Rights, said her group filed the lawsuit so all Kenyan women, regardless of socio-economic status, are able to receive health care without fear of imprisonment. The hospital, the attorney general, the City Council of Nairobi and two government ministries are named in the suit.


___


Associated Press reporter Tom Odula contributed to this report.


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Wall Street rebounds on House session, but off for 4th day

NEW YORK (Reuters) - Stocks fell for a fourth day on Thursday, but recovered most of their losses after the House of Representatives, in the barest sign of progress, said it would come back to work on avoiding the "fiscal cliff" this weekend.


It was a jittery session for stocks, with shares falling more than 1 percent after Senate Majority Harry Reid warned a deal was unlikely before the deadline, only to rebound merely on the news that the House would reconvene Sunday, a day before the December 31 "cliff" deadline.


"There's no conviction in the move or the overall market, based on the across-the-board reduction we've seen in volume ... but there will be continued weakness until there's sustained positive direction coming from our leaders," said Joseph Cangemi, managing director at ConvergEx Group, in New York.


The market has been prone to quick reactions to headlines and those moves have sometimes seemed more dramatic because of reduced trading volume. About 5.18 billion shares changed hands on the New York Stock Exchange, the Nasdaq and the NYSE MKT, well below the daily average so far this year of about 6.48 billion shares.


Investors are looking for any hint that lawmakers will avert the $600 billion in tax hikes and spending cuts that will start to take effect next week and could push the U.S. economy into recession.


"Markets turned around in a heartbeat, as the House session is the first announcement of anything getting done," said Randy Bateman, chief investment officer of Huntington Asset Management, in Columbus, Ohio, which oversees $14.5 billion in assets. "I'm not convinced it will result in a deal, but you could get enough concessions by both parties to at least avoid the immediacy of going over the cliff."


In a sign of the anxiety, the CBOE Volatility Index <.vix>, or VIX, rose above 20 for the first time since July, suggesting rising worries, but ended up finishing the day down 0.4 percent as the stock market rebounded.


Stocks in the materials and the financial sectors, which are more vulnerable to the economy's performance, bore the brunt of the selling before recovering. Shares of Bank of America fell 0.6 percent to $11.47 while Freeport-McMoRan Copper & Gold fell 0.7 percent to $33.68.


Some of 2012's biggest gainers bucked the broader trend and rallied, a sign of year-end "window dressing." Expedia Inc was the S&P 500's top percentage gainer, climbing 4.1 percent to $60.30. The price of the online travel agency's stock has doubled this year.


The Dow Jones industrial average <.dji> slipped 18.28 points, or 0.14 percent, to 13,096.31 at the close. The Standard & Poor's 500 Index <.spx> declined 1.73 points, or 0.12 percent, to end at 1,418.10. The Nasdaq Composite Index <.ixic> dropped 4.25 points, or 0.14 percent, to close at 2,985.91.


Marvell Technology Group fell 3.5 percent to $7.14 after it said it would seek to overturn a jury's finding of patent infringement. The stock had fallen more than 10 percent in the previous session after a jury found the company infringed on patents held by Carnegie Mellon University and ordered the chipmaker to pay $1.17 billion in damages.


The four-day decline marked the S&P 500's longest losing streak in three months. The index has lost 1.8 percent over the period as investors grapple with the possibility that a deal may not be reached until next year.


President Barack Obama arrived back in Washington from Hawaii to restart stalled negotiations with Congress. House Speaker John Boehner and other Republican leaders were to hold a conference call with Republican lawmakers. The expectation was that lawmakers would be told to get back to Washington quickly if the Senate passed a bill.


Treasury Secretary Timothy Geithner announced the first of a series of measures that should push back the date when the U.S. government will hit its legal borrowing authority - a limit known as the debt ceiling - by about two months.


Economic data seemed to confirm worries about the impact of the fiscal cliff on the economy.


The Conference Board, an industry group, said its index of consumer confidence in December fell to 65.1 as the budget crisis dented growing optimism about the economy. The gauge fell more than expected from 71.5 in November.


However, the job market continues to mend. Initial claims for unemployment benefits dropped 12,000 to a seasonally adjusted 350,000 last week and the four-week moving average fell to the lowest since March 2008.


Decliners outnumbered advancers on the New York Stock Exchange by a ratio of about 8 to 7, while on the Nasdaq, about 14 stocks fell for every 11 that rose.


(Editing by Jan Paschal)



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Shinzo Abe Selected as Japan’s Prime Minister





TOKYO — Parliament formally elected Shinzo Abe as prime minister on Wednesday, ending a three-year break from decades of near-constant rule by his conservative Liberal Democratic Party.




The victory puts Mr. Abe, 58, a former prime minister and an outspoken nationalist, at Japan’s helm as it faces the growing burden of its aging population, years of industrial decline and the challenge of an increasingly assertive China. The change in prime ministers is the seventh in six years, a high turnover that is itself a sign of the nation’s inability to escape its long economic funk.


Mr. Abe won the support of 328 members of the 480-seat lower house, a total that included votes from the Liberal Democrats’ coalition partner, a small Buddhist party.


Mr. Abe’s pro-business party won a landslide victory over the left-leaning Democratic Party in lower-house elections on Dec. 16. Earlier on Wednesday, Prime Minister Yoshihiko Noda and his cabinet resigned to make way for the new leader.


Despite Mr. Abe’s vows to strengthen control of a chain of islands in the East China Sea that both Japan and China claim, he has played down any confrontations between Tokyo and its Asian neighbors since the elections, instead focusing his agenda on lifting Japan’s economy out of recession before the upper-house elections next summer.


Mr. Abe has vowed to encourage growth quickly by offering 10 trillion yen, or about $120 billion, in public works and other emergency stimulus spending. He has also promised to force the central bank to move more aggressively to combat deflation and to weaken the value of the yen, actions that would offer relief to beleaguered export industries by making Japanese products cheaper abroad.


The measures are intended to revive the economy ahead of the elections in June, to give Mr. Abe’s party a better chance of winning the upper house and, with it, control of Parliament. Mr. Abe will have to hurry to retain the support of Japan’s weary voters, who have shown themselves quick to turn against leaders who fail to deliver on promises of change.


Immediately after the vote on Wednesday, Mr. Abe began appointing a cabinet filled with relatively young and unknown faces. While many of these appointees are Mr. Abe’s friends, the fresh lineup is also apparently intended to emphasize that the party has changed since it was driven from power three years ago.


Among the few veterans in the cabinet is Taro Aso, 72, a former prime minister, who was appointed finance minister. The post of foreign minister went to Fumio Kishida, 55, a former minister in charge of Okinawan affairs. He is expected to try to smooth ties with the United States that have been frayed by a dispute over an American air base on Okinawa.


Mr. Abe will face other early challenges, like bridging a rift within his party over whether Japan should join a new regional free-trade agreement led by the United States. The pact, called the Trans-Pacific Partnership, is supported by business leaders but opposed by farmers, two groups that are among the staunchest supporters of the Liberal Democrats.


Another challenge will be responding to China’s stepped-up efforts to assert its claims to the disputed islands, which Japan calls the Senkaku and China calls the Diaoyu. Chinese ships and, more recently, aircraft now make almost daily incursions into Japanese-controlled waters and airspace near the islands, with no signs of letting up.


Mr. Abe has been vague about whether he will shift his energies to his long-held desire to rewrite Japan’s antiwar Constitution to allow for a full-fledged military.


Mr. Abe and other conservatives say such a step is needed for Japan to stand up for itself in light of China’s growing strength, and to share more of the regional security burden with the United States. However, the move could also be seen as provocative by China and South Korea, two victims of Japan’s World War II-era militaristic policies.


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Samsung expects to ship more than half a billion phones in 2013









Title Post: Samsung expects to ship more than half a billion phones in 2013
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Mariah Carey, Nick Cannon Share Their Family Holiday Photo




Celebrity Baby Blog





12/26/2012 at 05:00 PM ET



Happy holidays from Mariah Carey, Nick Cannon and Dem Babies!


Posing in front of the perfect seasonal backdrop — their fully lit fir surrounded by a pile of presents — the American Idol judge and her husband cuddle up with their twins Monroe and Moroccan Scott for a sweet and festive family photo shoot.


“Merry Christmas from the Carey-Cannons!” the songstress, 42, Tweeted Tuesday, along with a photo of the foursome frolicking in the snow.


Enjoying the winter weather in Aspen, Colo., Monroe, in a pretty plaid nightgown, spent time getting up close and personal with Santa, while her 19-month-old brother Moroccan suited up in striped pajamas before joining his sister for a sweet treat — candy canes!


Mariah Carey Nick Cannon Twins Christmas
Fresh Air Fund/WireImage


RELATED: Mariah Carey Gives Her Christmas Classic a Youthful Makeover


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Predicting who's at risk for violence isn't easy


CHICAGO (AP) — It happened after Columbine, Virginia Tech, Aurora, Colo., and now Sandy Hook: People figure there surely were signs of impending violence. But experts say predicting who will be the next mass shooter is virtually impossible — partly because as commonplace as these calamities seem, they are relatively rare crimes.


Still, a combination of risk factors in troubled kids or adults including drug use and easy access to guns can increase the likelihood of violence, experts say.


But warning signs "only become crystal clear in the aftermath, said James Alan Fox, a Northeastern University criminology professor who has studied and written about mass killings.


"They're yellow flags. They only become red flags once the blood is spilled," he said.


Whether 20-year-old Adam Lanza, who used his mother's guns to kill her and then 20 children and six adults at their Connecticut school, made any hints about his plans isn't publicly known.


Fox said that sometimes, in the days, weeks or months preceding their crimes, mass murderers voice threats, or hints, either verbally or in writing, things like "'don't come to school tomorrow,'" or "'they're going to be sorry for mistreating me.'" Some prepare by target practicing, and plan their clothing "as well as their arsenal." (Police said Lanza went to shooting ranges with his mother in the past but not in the last six months.)


Although words might indicate a grudge, they don't necessarily mean violence will follow. And, of course, most who threaten never act, Fox said.


Even so, experts say threats of violence from troubled teens and young adults should be taken seriously and parents should attempt to get them a mental health evaluation and treatment if needed.


"In general, the police are unlikely to be able to do anything unless and until a crime has been committed," said Dr. Paul Appelbaum, a Columbia University professor of psychiatry, medicine and law. "Calling the police to confront a troubled teen has often led to tragedy."


The American Academy of Child & Adolescent Psychiatry says violent behavior should not be dismissed as "just a phase they're going through."


In a guidelines for families, the academy lists several risk factors for violence, including:


—Previous violent or aggressive behavior


—Being a victim of physical or sexual abuse


—Guns in the home


—Use of drugs or alcohol


—Brain damage from a head injury


Those with several of these risk factors should be evaluated by a mental health expert if they also show certain behaviors, including intense anger, frequent temper outbursts, extreme irritability or impulsiveness, the academy says. They may be more likely than others to become violent, although that doesn't mean they're at risk for the kind of violence that happened in Newtown, Conn.


Lanza, the Connecticut shooter, was socially withdrawn and awkward, and has been said to have had Asperger's disorder, a mild form of autism that has no clear connection with violence.


Autism experts and advocacy groups have complained that Asperger's is being unfairly blamed for the shootings, and say people with the disorder are much more likely to be victims of bullying and violence by others.


According to a research review published this year in Annals of General Psychiatry, most people with Asperger's who commit violent crimes have serious, often undiagnosed mental problems. That includes bipolar disorder, depression and personality disorders. It's not publicly known if Lanza had any of these, which in severe cases can include delusions and other psychotic symptoms.


Young adulthood is when psychotic illnesses typically emerge, and Appelbaum said there are several signs that a troubled teen or young adult might be heading in that direction: isolating themselves from friends and peers, spending long periods alone in their rooms, plummeting grades if they're still in school and expressing disturbing thoughts or fears that others are trying to hurt them.


Appelbaum said the most agonizing calls he gets are from parents whose children are descending into severe mental illness but who deny they are sick and refuse to go for treatment.


And in the case of adults, forcing them into treatment is difficult and dependent on laws that vary by state.


All states have laws that allow some form of court-ordered treatment, typically in a hospital for people considered a danger to themselves or others. Connecticut is among a handful with no option for court-ordered treatment in a less restrictive community setting, said Kristina Ragosta, an attorney with the Treatment Advocacy Center, a national group that advocates better access to mental health treatment.


Lanza's medical records haven't been publicly disclosed and authorities haven't said if it is known what type of treatment his family may have sought for him. Lanza killed himself at the school.


Jennifer Hoff of Mission Viejo, Calif. has a 19-year-old bipolar son who has had hallucinations, delusions and violent behavior for years. When he was younger and threatened to harm himself, she'd call 911 and leave the door unlocked for paramedics, who'd take him to a hospital for inpatient mental care.


Now that he's an adult, she said he has refused medication, left home, and authorities have indicated he can't be forced into treatment unless he harms himself — or commits a violent crime and is imprisoned. Hoff thinks prison is where he's headed — he's in jail, charged in an unarmed bank robbery.


___


Online:


American Academy of Child & Adolescent Psychiatry: http://www.aacap.org


___


AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner


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Wall Street drops in thin session, led by retailers

NEW YORK (Reuters) - Stocks fell for a third straight day on Wednesday, dragged lower by retail stocks after a report showed consumers spent less in the holiday shopping season than last year.


Trading was light, with volume at a mere 4.01 billion shares traded on the New York Stock Exchange, the Nasdaq and NYSE MKT, well below the daily average so far this year of about 6.48 billion shares. The day's volume was the lightest full day of trading so far in 2012. Many senior traders were still on vacation during this holiday-shortened week and major European markets were closed for the day.


Many investors said concerns about the "fiscal cliff" kept shoppers away from stores, suggesting markets may struggle to gain any ground until that issue is resolved. The CBOE Volatility Index <.vix> or VIX, Wall Street's favorite barometer of investor anxiety, rose 4.46 percent, closing above 19 for the first time since November 7.


A number of 2012's strongest performers advanced, a sign that portfolio managers may be engaging in "window dressing," a practice where market participants buy securities with big gains to improve the appearance of their holdings before presenting the results to clients. Bank of America Corp , which has more than doubled in 2012, added 2.6 percent to $11.54 on Wednesday.


Holiday-related sales rose 0.7 percent from October 28 through December 24, compared with a 2 percent increase last year, according to data from MasterCard Advisors SpendingPulse. The Morgan Stanley retail index <.mvr> skidded 1.8 percent while the SPDR S&P Retail Trust slipped 1.7 percent.


"With the 'fiscal cliff' hanging over our heads, it was hard to convince people to shop, and now it's hard to convince investors that there's any reason to buy going into year-end," said Rick Fier, director of trading at Conifer Securities in New York, which has about $12 billion in assets under administration.


President Barack Obama is due back in Washington early Thursday for a final effort to negotiate a deal with Congress to bridge a series of tax increases and government spending cuts set to begin next week, the so-called "fiscal cliff" many economists worry could push the U.S. economy into recession if it takes effect.


Coach Inc fell 5.9 percent to $54.13 as the S&P 500's biggest decliner, followed by Amazon.com , down 3.9 percent at $248.63, and Abercrombie & Fitch , off 3.5 percent at $45.44. Ralph Lauren Corp , Limited Brands and Gap Inc also ranked among the S&P 500's biggest decliners.


The Dow Jones industrial average <.dji> slipped 24.49 points, or 0.19 percent, to 13,114.59 at the close. The Standard & Poor's 500 Index <.spx> shed 6.83 points, or 0.48 percent, to 1,419.83. The Nasdaq Composite Index <.ixic> dropped 22.44 points, or 0.74 percent, to 2,990.16.


J.C. Penney Co was a notable exception to the weakness in retail stocks, surging 4.4 percent to $20.75 as the S&P 500's biggest gainer. It was followed closely by Bank of America and Genworth Financial , which each gained nearly 3 percent for the day.


"People want to show they own names like these, making them prime 'window dressing' candidates," said Wayne Kaufman, chief market analyst at John Thomas Financial in New York.


"Bank of America keeps going up even though it's overbought and you'd expect a pullback at these levels. No one wanted it when it was under $10 a share, but they want it now."


The S&P 500 has fallen 1.5 percent over the past three sessions, the worst three-day decline since mid-November. The Dow Jones Transportation Average <.djt>, viewed as a proxy for business activity, fell 0.6 percent.


A Republican plan that failed to gain traction last week triggered the S&P 500's recent drop, highlighting the market's sensitivity to headlines centered on the budget talks.


During the last five trading days of the year and the first two of next year, it's possible for a "Santa rally" to occur. Since 1928, the S&P 500 has averaged a gain of 1.8 percent during that period and risen 79 percent of the time, according to data from PrinceRidge.


"While it's unlikely there could be a budget deal at any time, no one wants to get in front of that trade," said Conifer's Fier. "Investors can easily make up for any gains when there's more action in 2013."


Data showed U.S. single-family home prices rose in October, reinforcing the view that the domestic real estate market is improving, as the S&P/Case-Shiller composite index of 20 metropolitan areas gained 0.7 percent in October on a seasonally adjusted basis.


Decliners outnumbered advancers on the New York Stock Exchange by a ratio of about 2 to 1, while on the Nasdaq, more than five stocks fell for every three that rose.


(Editing by Jan Paschal)



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