Retailers lead Wall Street lower, "cliff" still a concern

NEW YORK (Reuters) - Stocks fell on Wednesday, dragged lower by retail stocks after a report showed consumers were less enthusiastic about the holiday shopping season than last year. Many investors said concerns about the "fiscal cliff" kept shoppers away from stores, suggesting markets may struggle to make any ground until next year. Holiday-related sales rose 0.7 percent...

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Red Sox get All-Star closer Hanrahan from Pirates

BOSTON (AP) — The Red Sox have acquired All-Star closer Joel Hanrahan from the Pittsburgh Pirates in a six-player deal.Boston completed the trade Wednesday, also receiving infielder Brock Holt. The Red Sox gave up right-handers Mark Melancon and Stolmy Pimentel, infielder Ivan DeJesus Jr. and first baseman-outfielder Jerry Sands.Over the past two seasons, the right-handed Hanrahan had 76 saves, fourth...

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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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One of Chicago's most feared mobsters dies in prison

Convicted mob hitman Frank Calabrese Sr. has died in a federal prison in North Carolina.Calabrese, serving a life sentence,...

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Syria to discuss Brahimi peace proposals with Russia

BEIRUT (Reuters) - Syrian President Bashar al-Assad sent a senior diplomat to Moscow on Wednesday to discuss proposals to end the conflict convulsing his country made by international envoy Lakhdar Brahimi, Syrian and Lebanese sources said. Brahimi, who saw Assad on Monday and is planning to hold a series of meetings with Syrian officials and dissidents in Damascus this week, is trying...

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Yen on defensive on U.S. fiscal worry, helps Nikkei

TOKYO (Reuters) - Uncertainty over whether U.S. lawmakers will strike a deal by an end-of-year deadline to avert a severe fiscal retrenchment undermined the yen and bolstered Japanese shares on Tuesday in low volume, with many participants away on Christmas holiday. The dollar rose to a 20-month high of 84.965 yen early on Tuesday in Asia, as Japanese markets caught up with global investors...

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Pagano back to coach Colts after cancer treatment

INDIANAPOLIS (AP) — Chuck Pagano stepped to the podium Monday, hugged his team owner, thanked his family for its support and wiped a tear from his eye.He might, finally, turn out the lights in his office, too.Nearly three months to the day after being diagnosed with leukemia, the Colts' first-year coach returned to a team eager to reunite with a boss healthy enough to go back to work."I told you my...

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Hollywood movies can (mis)educate us

Movies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsMovies for adultsSTORY HIGHLIGHTSDean Obeidallah: A movie or TV show can educate or (mis)educate youObeidallah: Two new films about hot issues are firing up both the left and rightSenators slammed "Zero Dark Thirty," and energy industry...

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Syria envoy seeks peace as clashes rage

BEIRUT (Reuters) - International envoy Lakhdar Brahimi pursued mediation efforts in Damascus on Tuesday, but there was no pause in the bloodletting as Syrian Christians marked a bleak Christmas Day with prayers for peace. "We are here in a cave that symbolizes Syria right now," said a priest standing beside a nativity scene in a grotto. "It is cold here but the door is open...

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Start of "Santa Claus rally" dampened by "cliff' worries

NEW YORK (Reuters) - U.S. stocks edged lower on Monday as caution over the potential for volatility driven by worries about the U.S. "fiscal cliff" dampened enthusiasm at the start of a seasonally strong period for equities. Investors are betting Congress will reach a deal to avert most of the austerity measures due to come into force at the start of next year. That has led to the best...

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