Dec
26

Wall Street sags, "cliff" angst steals retailers' Christmas

NEW YORK (Reuters) - U.S. stocks fell on Wednesday as retailers' shares dropped sharply after a report that showed holiday shoppers were less enthusiastic than last year, with investors saying worries about the "fiscal cliff" may have kept them away from stores. The Morgan Stanley retail index <.mvr> skidded 1.8 percent as holiday-related sales rose 0.7 percent from October 28 through...
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James leads Heat over Thunder in Finals rematch

MIAMI (AP) — Kevin Durant and Russell Westbrook combined to score 54 points, more than any set of teammates had managed in a game against Miami all season.Oklahoma City needed them to score at least three more.That didn't happen, and an NBA Finals rematch went just as last year's title series did — to the Heat.LeBron James had 29 points, nine assists and eight rebounds, Dwyane Wade scored 21, and...
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How MLPs Can Help Investors Tap Into the Booming Energy Industry

Dramatic growth in domestic production of crude oil and natural gas thanks to massive shale plays throughout the nation has opened up a host of opportunities for investors looking to capitalize on the newly invigorated industry.But getting in on the rising tide of the energy industry doesn’t mean you have to expose your portfolio to a ton of the volatility risk that’s traditionally associated with...
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Climate change: No consensus needed

Lake Cachet II in Aysen, Chilean Patagonia, disappeared because of rising temperatures driven by climate change, experts say.STORY HIGHLIGHTSTseming Yang: Result of Doha climate change conference less than desirableYang: It's time to abandon the myth that a consensus solution is the best approach He says the 25 major carbon emitters should work out an agreement among themselvesYang: Smaller, focused...
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Obama, Congress set for one last effort on 'fiscal cliff'

President Obama is returning to Washington from Hawaii, after cutting his Christmas holiday short. The President is expected in Washington early Thursday to resume Fiscal Cliff negotiations. (Dec. 26) ...
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Syria to discuss Brahimi peace proposals with Russia

BEIRUT (Reuters) - Syrian President Bashar al-Assad sent a senior diplomat to Moscow on Wednesday to discuss proposals to end the conflict convulsing his country made by international envoy Lakhdar Brahimi, Syrian and Lebanese sources said. Brahimi, who saw Assad on Monday and is planning to hold a series of meetings with Syrian officials and dissidents in Damascus this week, is trying...
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Dec
25

Yen on defensive on U.S. fiscal worry, helps Nikkei

TOKYO (Reuters) - Uncertainty over whether U.S. lawmakers will strike a deal by an end-of-year deadline to avert a severe fiscal retrenchment undermined the yen and bolstered Japanese shares on Tuesday in low volume, with many participants away on Christmas holiday. The dollar rose to a 20-month high of 84.965 yen early on Tuesday in Asia, as Japanese markets caught up with global investors...
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Pagano back to coach Colts after cancer treatment

INDIANAPOLIS (AP) — Chuck Pagano stepped to the podium Monday, hugged his team owner, thanked his family for its support and wiped a tear from his eye.He might, finally, turn out the lights in his office, too.Nearly three months to the day after being diagnosed with leukemia, the Colts' first-year coach returned to a team eager to reunite with a boss healthy enough to go back to work."I told you my...
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Storm brings white Christmas, tornado threat to central U.S

WASHINGTON (Reuters) – A major winter storm brought a rare white Christmas to the southern U.S. plains on Tuesday, contributing to a 21-vehicle pile-up that shut down a major highway in Oklahoma.The storm system surging east from Kansas and the Texas Panhandle includes the threat of tornados and severe thunderstorms along its southern fringe, from southeast Texas to Alabama, the National Weather Service...
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Hollywood movies can (mis)educate us

Movies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsSTORY HIGHLIGHTSDean Obeidallah: A movie or TV show can educate or (mis)educate youObeidallah: Two new films about hot issues are firing up both the left and rightSenators slammed "Zero Dark Thirty," and energy industry...
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