S&P 500 ends six-day winning streak on "cliff" anxiety

NEW YORK (Reuters) - The S&P 500 ended its six-day winning streak on Thursday, retreating as worries intensified that Washington's "fiscal cliff" negotiations were dragging on with little progress. Anxiety about the drawn-out talks between Democrats and Republicans was enough to offset encouraging data on retail sales and jobless claims on Thursday. There is concern that...

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IHT Rendezvous: 'Secret' Arms Deals Provoke Germans

LONDON — There is at least one European export sector that continues to find a ready market around the world — weapons.In the week in which the European Union received the Nobel Prize for Peace in Oslo, protestors in the Norwegian capital were not alone in pointing out the irony that its member states account for a third of global arms exports.It is an irony that has a particular resonance in Germany...

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‘The Hobbit’: Like One Bad Video Game

Perhaps the most exciting thing about Peter Jackson‘s landmark, blockbuster Lord of the Rings films was that they made fans, through a combination of stunning landscapes and intricate special effects and soaring music and dramatic spectacle, feel as though we were seeing an almost impossible elevation of the potential size and scope of movies. Here was a rich, dense, sprawling series of films that...

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Eric Clapton, Bruce Springsteen, Kanye West & More Perform for Sandy Relief

By Andrea Billups 12/12/2012 at 06:30 PM EST Kanye, Bon Jovi, Alicia Keys and Bruce Springsteen Kevin Mazur/WireImage; Jamie McCarthy/Getty; WireImage; Tim Mosenfelder/Getty It's time for a concert for a great cause.On Wednesday at 7:30 p.m., musicians including...

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Congress examines science behind HGH test for NFL

WASHINGTON (AP) — A congressional committee has opened a hearing to examine the science behind a human growth hormone test the NFL wants to start using on its players.Nearly two full seasons have passed since the league and the players' union signed a labor deal that set the stage for HGH testing.The NFL Players Association won't concede the validity of a test that's used by Olympic sports and Major...

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Wall Street ends almost flat as Bernanke warns on "cliff"

NEW YORK (Reuters) - Stocks ended nearly flat on Wednesday, giving up most of the day's gains after Fed Chairman Ben Bernanke reiterated that monetary policy won't be enough to offset damage from the "fiscal cliff." His comments followed the Federal Reserve's announcement of a new stimulus plan, which briefly pushed the S&P 500 to a seven-week high. The plan, the latest...

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IHT Rendezvous: In China, Fears Ours Would Be a 'One-Week Puppy'

BEIJING — China has many genuine pet lovers who care well for their dogs, but also many owners who don’t. The dog trade is virtually unsupervised and selling sick animals to unsuspecting customers is common. Animal shelters are full. The pet scene is tough. Buying a dog, which I write about in my latest Letter from China, can be a risky business.“Some breeders just want to make money. Some are real...

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Microsoft ups Surface production, to sell in more stores

SEATTLE (Reuters) – Microsoft Corp has stepped up manufacturing of the Surface tablet, its new device designed to counter Apple Inc‘s iPad, and will introduce it to third-party retailers this week.The moves suggest Microsoft is seeing some demand for its first own-brand computer in the crucial holiday shopping season, although it has yet to divulge any sales figures.“The public reaction to Surface...

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Hugh Hefner's Engagement Ring to Crystal Harris Revealed

By Mike Fleeman 12/11/2012 at 07:00 PM EST The wedding's back on – though it may be a good idea to save that gift receipt. Hugh Hefner, 86, officially confirms that he is once again engaged to Crystal Harris, 26, telling his Twitter followers, "I've given Crystal Harris a ring. I love the girl." And to prove...

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DA investigating Texas' troubled $3B cancer agency

AUSTIN, Texas (AP) — Turmoil surrounding an unprecedented $3 billion cancer-fighting effort in Texas worsened Tuesday when its executive director offered his resignation and the state's chief public corruption prosecutor announced an investigation into the beleaguered agency.No specific criminal allegations are driving the latest probe into the Cancer Prevention and Research Institute of Texas, said...

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