NEW YORK (Reuters) - Stocks edged higher on Monday as technology shares bounced back after recent weakness and McDonald's posted strong monthly sales. Technology stocks were led by Hewlett-Packard Co , which climbed 2.6 percent to $14.16 on rumors that activist investor Carl Icahn is building a stake in the PC maker. The stock is down 44.5 percent for the year and ranks as the Dow's worst...
Egypt army given temporary power to arrest civilians
Label: WorldCAIRO (Reuters) - Egypt's Islamist president has given the army temporary power to arrest civilians during a constitutional referendum he is determined to push through despite the risk of bloodshed between his supporters and opponents accusing him of a power grab. Seven people were killed and hundreds wounded last week in clashes between the Islamist Muslim Brotherhood and their critics besieging...
PHOTOS: Remembering Jenni Rivera
Label: LifestyleMoments before her fatal flight, Mexican American superstar Jenni Rivera shared a smile from inside the Leer jet that crashed Dec. 9, outside Monterrey. The shot was taken by her makeup artist, Jacob Llenares, who also perished, and shared on Instagr...
Surprise: New insurance fee in health overhaul law
Label: HealthWASHINGTON (AP) — Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul.The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed...
Dec
09
Wall St Week Ahead: "Cliff" worries may drive tax selling
Label: BusinessNEW YORK (Reuters) - Investors typically sell stocks to cut their losses at year end. But worries about the "fiscal cliff" - and the possibility of higher taxes in 2013 - may act as the greatest incentive to sell both winners and losers by December 31. The $600 billion of automatic tax increases and spending cuts scheduled for the beginning of next year includes higher rates for capital...
Egypt's opposition rejects constitutional referendum
Label: WorldCAIRO (Reuters) - Egypt's main opposition coalition rejected on Sunday Islamist President Mohamed Mursi's plan for a constitutional referendum this week, saying it risked dragging the country into "violent confrontation". Mursi's decision on Saturday to retract a decree awarding himself wide powers failed to placate opponents who accused him of plunging Egypt deeper into crisis by refusing...
Top 10 Tech This Week
Label: Technology1. Here Comes the First Real Alternative to iPhone and AndroidJolla, a Finnish startup, launched a new mobile OS called Sailfish, which the company believes will become a legitimate alternative to the Coke and Pepsi of smartphone platforms: Apple’s iOS and Google’s Android. Learn more about the new OS.Click here to view this gallery.[More from Mashable: Jimmy Fallon and Mariah Carey Take on ‘All I...
See the Well-Dressed Star Everyone Is Talking About This Week
Label: Lifestyle Stylewatch Style News Now 12/08/2012 at 12:00 PM ET JIMI CELESTE/patrickmcmullan.com/SipaThe red carpet saw its fair share of sequins, metallics and lace, but all of that sparkle and sexiness was no match for Katie Holmes‘s basic...
Smokers celebrate as Wash. legalizes marijuana
Label: HealthSEATTLE (AP) — The crowds of happy people lighting joints under Seattle's Space Needle early Thursday morning with nary a police officer in sight bespoke the new reality: Marijuana is legal under Washington state law.Hundreds gathered at Seattle Center for a New Year's Eve-style countdown to 12 a.m., when the legalization measure passed by voters last month took effect. When the clock struck, they...
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