Jan
26

Wall Street Week Ahead: Bears hibernate as stocks near record highs

NEW YORK (Reuters) - Stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The bearish case is a difficult one to make right now. Earnings have exceeded expectations, the housing and labor markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of 2012, and money has returned to stock...
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Jan
25

U.S. Envoy Apologizes for Ship’s Grounding on Philippine Coral Reef

Philippine Western Command, via Agence France-Presse — Getty ImagesThe Guardian, a Navy minesweeper, hit the Tubbataha Reef about 80 miles east of the Philippine island of Palawan on Jan. 17. MANILA — The United States ambassador to the Philippines apologized Friday for the grounding of an American naval ship on a reef in a marine sanctuary, the latest in a string of embarrassing episodes for the...
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Yandex says new mobile app is blocked by Facebook

MOSCOW (Reuters) – Russian internet company Yandex said on Friday its new experimental application to search on social networking sites from mobile devices was blocked by Facebook.The Wonder app is a recommendation tool for devices using Apple’s iOS software that allows U.S. users of social networks to retrieve information from these sites by voice or by typing questions.The application was released...
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Predict the SAG Award Winners!

Facebook Tweet Facebook Tweet Take our nominees poll, and download a printable ballot here Pollscompleted: ...
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CDC: Flu seems to level off except in the West

New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very...
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S&P 500 vaults 1,500 as Wall Street extends rally

NEW YORK (Reuters) - The Standard & Poor's 500 index closed above 1,500 for the first time in more than five years on Friday as strong U.S. earnings reports, including Procter & Gamble's, helped the benchmark extend its rally to eight days. The winning streak is the longest in eight years and left the S&P 500 about 4.1 percent away from its all-time closing high of 1,565.15...
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Jan
24

American Mumbai Plotter Sentenced to 35 Years

CHICAGO (AP) — Minutes before an American was sentenced to 35 years in prison for helping plan an attack on Mumbai, India, one of his victims tearfully pleaded for a harsh punishment despite the terrorist plotter's widespread cooperation with U.S. investigators following his arrest. David Coleman Headley, 52, shifted uncomfortably in a gray tracksuit and kept his eyes fixed on the Chicago...
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Microsoft profit dips on lower Xbox holiday sales

SEATTLE (Reuters) – Microsoft Corp reported a dip in fiscal second-quarter profit on Thursday, as weaker sales of its Xbox game system in the holiday quarter offset a solid start for its new Windows 8 operating system.The world’s largest software company reported profit of $ 6.4 billion, or 76 cents per share, compared to $ 6.6 billion, or 78 cents per share, in the year-ago quarter.Overall sales...
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Marc Anthony and Shannon de Lima Split

By Kevin O'Donnell 01/24/2013 at 05:45 PM EST Shannon de Lima and Marc Anthony Jason Merritt/Getty It's over! Marc Anthony and Shannon de Lima have called it quits after dating for more than a year. "Marc is no longer dating model Shannon de Lima," his rep Blanca...
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Penalty could keep smokers out of health overhaul

WASHINGTON (AP) — Millions of smokers could be priced out of health insurance because of tobacco penalties in President Barack Obama's health care law, according to experts who are just now teasing out the potential impact of a little-noted provision in the massive legislation.The Affordable Care Act — "Obamacare" to its detractors — allows health insurers to charge smokers buying individual policies...
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