Dow falls more than 1 percent

NEW YORK (Reuters) - The Dow fell 1 percent as stocks added to losses on Thursday. The Nasdaq and S&P 500 earlier declined more than 1 percent, with worries about the U.S. "fiscal cliff" after Senate Majority Leader Harry Reid warned the United States appeared poised to head over it. The Dow Jones industrial average <.dji> was down 143.83 points, or 1.10 percent, at 12,970.76....

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McElroy has concussion, Sanchez to start for Jets

FLORHAM PARK, N.J. (AP) — The New York Jets' wacky quarterback situation took yet another twist.Greg McElroy has a concussion — which he didn't reveal until Thursday — and will be replaced by Mark Sanchez as the New York Jets' starting quarterback in the season finale at Buffalo on Sunday.Coach Rex Ryan walked into his news conference before practice, took the podium and opened with: "You're not going...

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Obama thanks EPA’s Jackson for service on environment

WASHINGTON (Reuters) – President Barack Obama thanked retiring Environmental Protection Agency Administrator Lisa Jackson on Thursday for her service, praising her work on mercury pollution limits, fighting climate change, and helping set new fuel economy standards.“Under her leadership, the EPA has taken sensible and important steps to protect the air we breathe and the water we drink,” Obama said...

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A gunmaker ripe for an ethical takeover

Several .223 caliber rounds near a Bushmaster XM-15; the manufacturer's owner is putting its gun companies up for sale.STORY HIGHLIGHTSThe owner of America's largest gunmaker is putting firm up for saleJohn MacIntosh says billionaires should lead effort to acquire the gun manufacturerHe says they should change corporate practices to discourage violenceMacIntosh: One leading company could push gun...

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Snow in Chicago nothing like storm out East

A bicyclist fights the snow heading north on Halsted Street, north of Roosevelt Avenue in Chicago. ...

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Syria envoy calls for political change to end conflict

BEIRUT (Reuters) - The international envoy seeking a solution to Syria's 21-month-old conflict said on Thursday political change was needed to end the violence which has killed 44,000 people, and called for a transitional government to rule until elections. Speaking in Damascus at the end of a five-day trip during which he met President Bashar al-Assad, Lakhdar Brahimi did not spell out...

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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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