"Cliff" concerns give way to earnings focus

NEW YORK (Reuters) - Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week. Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter's lackluster results. As a warning sign, analyst current...

Read More..

Greece Tax Scandal Shifts Focus From Collection Problem

The tax scandal that reignited in Greece over the holidays had all the makings of a grade-B drama. A former finance minister, George Papaconstantinou, was accused of scrubbing his relatives’ names from a CD containing the identities of thousands of possible Greek tax dodgers. Within hours, his chief political rival tossed him from their party. Thanassis Stavrakis/Associated PressGeorge...

Read More..

Clearwire investor seeks to block sale to Sprint

(Reuters) – A large Clearwire Corp shareholder on Friday stepped up its campaign against the planned sale of the wireless service provider to its majority owner, Sprint Nextel Corp, saying it plans to ask the U.S. telecoms regulator to block the deal.Crest Financial’s general counsel also said on a call with reporters that it will ask the U.S. Federal Communications Commission to block Sprint’s plan...

Read More..

Is Promised Land a Fracking Good Movie?

By PEOPLE Movie Critic Alynda Wheat 01/04/2013 at 06:00 PM EST Matt Damon and John Krasinski Scott Green It's award season, which naturally means there are plenty of great movies lingering in theaters. It's also January, which means, well, let me put it this way:...

Read More..

FDA proposes sweeping new food safety rules

WASHINGTON (AP) — The Food and Drug Administration on Friday proposed the most sweeping food safety rules in decades, requiring farmers and food companies to be more vigilant in the wake of deadly outbreaks in peanuts, cantaloupe and leafy greens.The long-overdue regulations could cost businesses close to half a billion dollars a year to implement, but are expected to reduce the estimated 3,000 deaths...

Read More..

S&P 500 finishes at 5-year high on economic data

NEW YORK (Reuters) - The benchmark Standard & Poor's 500 index ended at a five-year high on Friday, lifted by reports showing employers kept up a steady pace of hiring workers and the vast services sector expanded at a brisk rate. The gains on the S&P 500 pushed the index to its highest close since December 2007 and its biggest weekly gain since December 2011. Most...

Read More..

Malala Yousafzai, Shot by Pakistani Taliban, Is Discharged From Hospital

Queen Elizabeth Hospital Birmingham, via ReutersMedical experts say Ms. Yousafzai, 15, has a good chance of making a full recovery because of her youth, but the long-term impact of her head injuries remains unclear. LONDON — Malala Yousafzai, the Pakistani schoolgirl shot in the head three months ago by the Taliban for advocating the education of girls, has been discharged from a British hospital....

Read More..

6 takeaways from Google’s antitrust settlement with US regulators

Google Inc. has settled an U.S. antitrust probe that largely leaves its search practices alone. In a major win for Google, the Federal Trade Commission unanimously concluded that there is not enough evidence to support complaints from rivals that the company shows unfair bias in its search results toward its own products.Below are six of the biggest takeaways from the decision announced Thursday:—...

Read More..

This Monkey Has Moves Like Jagger

People Pets UPDATED 01/03/2013 at 06:15 PM EST • Originally published 01/03/2013 at 06:00 PM EST Mick Jagger and a lemur Brian Rasic/REX USA; Andy Rouse/REX USA Should Mick Jagger ever need an understudy, there's a monkey in Madagascar who...

Read More..

CDC: 1 in 24 admit nodding off while driving

NEW YORK (AP) — This could give you nightmares: 1 in 24 U.S. adults say they recently fell asleep while driving.And health officials behind the study think the number is probably higher. That's because some people don't realize it when they nod off for a second or two behind the wheel."If I'm on the road, I'd be a little worried about the other drivers," said the study's lead author, Anne Wheaton...

Read More..