Dec
28

Expectations low for White House 'fiscal cliff' meeting

WASHINGTON (Reuters) - President Barack Obama and congressional leaders were to meet on Friday for the first time since November...
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Syria opposition leader rejects Moscow invitation

ALEPPO PROVINCE, Syria/BEIRUT (Reuters) - Syria's opposition leader has rejected an invitation from Russia for peace talks, dealing another blow to international hopes that diplomacy can be resurrected to end a 21-month civil war. Russia, President Bashar al-Assad's main international protector, said on Friday it had sent an invitation for a visit to Moaz Alkhatib, whose six-week-old...
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Dec
27

Wall Street falls for fourth day over "fiscal" fears

NEW YORK (Reuters) - Stocks fell for a fourth day in a row on Thursday and a measure of investor anxiety hit its highest in five months after the top Senate Democrat warned a deal to avoid fiscal austerity measures may not be reached by the December 31 deadline. The comments by Senate Majority Leader Harry Reid just days before the hefty tax hikes and spending cuts go into effect pushed...
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McElroy has concussion, Sanchez to start for Jets

FLORHAM PARK, N.J. (AP) — The New York Jets' wacky quarterback situation took yet another twist.Greg McElroy has a concussion — which he didn't reveal until Thursday — and will be replaced by Mark Sanchez as the New York Jets' starting quarterback in the season finale at Buffalo on Sunday.Coach Rex Ryan walked into his news conference before practice, took the podium and opened with: "You're not going...
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Obama thanks EPA’s Jackson for service on environment

WASHINGTON (Reuters) – President Barack Obama thanked retiring Environmental Protection Agency Administrator Lisa Jackson on Thursday for her service, praising her work on mercury pollution limits, fighting climate change, and helping set new fuel economy standards.“Under her leadership, the EPA has taken sensible and important steps to protect the air we breathe and the water we drink,” Obama said...
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A gunmaker ripe for an ethical takeover

Several .223 caliber rounds near a Bushmaster XM-15; the manufacturer's owner is putting its gun companies up for sale.STORY HIGHLIGHTSThe owner of America's largest gunmaker is putting firm up for saleJohn MacIntosh says billionaires should lead effort to acquire the gun manufacturerHe says they should change corporate practices to discourage violenceMacIntosh: One leading company could push gun...
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Senate Democratic leader warns U.S. poised to go over 'fiscal cliff'

Rana Foroohar, Time magazine's assistant managing editor for business news, talks to Rebecca Jarvis and Jeff Glor about what a drop off the "fiscal cliff" could mean to businesses and consumers. ...
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Syria envoy calls for political change to end conflict

BEIRUT (Reuters) - The international envoy seeking a negotiated solution to Syria's 21-month-old conflict said on Thursday political change was needed to end the violence which has killed 44,000 people. Speaking in Damascus at the end of a five-day trip during which he met President Bashar al-Assad, Lakhdar Brahimi called for a transitional government to rule until elections and said...
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Dec
26

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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