Wall Street edges off five-year high, awaits earnings

NEW YORK (Reuters) - Stocks lost ground on Monday, as investors drew back from recent gains that lifted the S&P 500 to a five-year high, in anticipation of sluggish growth in corporate profits. Shares of financial companies dipped after a group of major U.S. banks agreed to pay a total of $8.5 billion to end a government inquiry into faulty mortgage foreclosures. The KBW bank index...

Read More..

Court in Bahrain Confirms Jail Terms for 13 Dissidents

Hasan Jamali/Associated PressAntigovernment protesters clashed Monday with riot police officers in Malkiya, a village on Bahrain’s west coast. CAIRO — A court in Bahrain on Monday upheld prison sentences for 13 of the country’s most prominent dissidents, in a decision that government opponents offered as evidence that the monarchy was ignoring calls to negotiate a political solution that could quiet...

Read More..

Handset makers scurry to join Year of the Phablet

SINGAPORE/HONG KONG (Reuters) – Call it phablet, phonelet, tweener or super smartphone, but the clunky mobile phone – closer in size to a tablet than the smartphone of a couple of years back – is here to stay.A surprise hit of 2012, it is drawing in more users, more handset makers and is shaping the way we consume content.“We expect 2013 to be the year of the phablet,” said Neil Mawston, UK-based...

Read More..

Jordana Brewster Is 'Enamored' with the Idea of Having Twins

01/06/2013 at 05:00 PM EST Jordana Brewster has babies on the brain – yes, you read that right: plural.The Dallas star, 32, who has been married to movie producer Andrew Form since 2007, tells Latina she "definitely" wants two kids and is "enamored" by the idea of having twins. "My dad was a twin, so it runs...

Read More..

Your medical chart could include exercise minutes

CHICAGO (AP) — Roll up a sleeve for the blood pressure cuff. Stick out a wrist for the pulse-taking. Lift your tongue for the thermometer. Report how many minutes you are active or getting exercise.Wait, what?If the last item isn't part of the usual drill at your doctor's office, a movement is afoot to change that. One recent national survey indicated only a third of Americans said their doctors asked...

Read More..

"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..

Pakistani Soldier Killed in Shooting in Kashmir

Mukesh Gupta/ReutersKashmir remains a point of confrontation between India and Pakistan. ISLAMABAD, Pakistan — Pakistani and Indian troops exchanged gunfire across the disputed Kashmir border early Sunday, leaving one Pakistani soldier dead in a relatively rare fatal confrontation between the two neighbors. As usual, the rival armies, which have been engaged in a face-off in Kashmir for decades,...

Read More..

Honduras removes its ambassador to Colombia amid party scandal

TEGUCIGALPA (Reuters) – Honduras has removed its ambassador to Colombia amid reports his personal aide was involved in a wild party held at the embassy of Honduras in Bogota which, according to media, was attended by prostitutes and where cell phones and computers were stolen.Ambassador Carlos Rodriguez quit his post on Saturday, Honduras’ foreign ministry said in a release, after the government requested...

Read More..

Bethenny Frankel Divorcing Jason Hoppy

By Sarah Michaud 01/05/2013 at 05:00 PM EST Bethenny Frankel and Jason Hoppy Albert Michael/Startraks It's official – Bethenny Frankel and Jason Hoppy's marriage is over.Having announced a separation over the holidays, the reality star began the divorce process...

Read More..

FDA: New rules will make food safer

WASHINGTON (AP) — The Food and Drug Administration says its new guidelines would make the food Americans eat safer and help prevent the kinds of foodborne disease outbreaks that sicken or kill thousands of consumers each year.The rules, the most sweeping food safety guidelines in decades, would require farmers to take new precautions against contamination, to include making sure workers' hands are...

Read More..