Wall Street drops for 3rd day, led by retailers

NEW YORK (Reuters) - U.S. stocks fell for a third straight day on Wednesday, dragged lower by retail stocks after a report showed consumers spent less in 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 gain any ground until that issue is resolved. The CBOE Volatility Index...

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Syrian General Defects in a Public Broadcast

Aref Heretani/Reuters.Mannequins were set up to confuse snipers loyal to President Bashar al-Assad in the old city of Aleppo on Sunday. Syria’s embattled leadership suffered a new setback on Wednesday with the publicly broadcast defection of its military police chief, the highest-ranking officer to abandon President Bashar al-Assad since the uprising against him began nearly two years ago. ...

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Netflix suffers Christmas Eve outage, points to Amazon

NEW YORK (Reuters) – An outage at one of Amazon‘s web service centers hit users of Netflix Inc.’s streaming video service on Christmas Eve and was not fully resolved until Christmas day, a spokesman for the movie rental company said on Tuesday.The outage impacted Netflix subscribers across Canada, Latin America and the United States, and affected various devices that enable users to stream movies...

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Predicting who's at risk for violence isn't easy

CHICAGO (AP) — It happened after Columbine, Virginia Tech, Aurora, Colo., and now Sandy Hook: People figure there surely were signs of impending violence. But experts say predicting who will be the next mass shooter is virtually impossible — partly because as commonplace as these calamities seem, they are relatively rare crimes.Still, a combination of risk factors in troubled kids or adults including...

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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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Iran Says Hackers Targeted Power Plant and Culture Ministry

Iran reported a spree of new cyberattacks on Tuesday, saying foreign enemy hackers tried in recent months to disrupt computer systems at a power plant and other industries in a strategically important southern coastal province as well as a Culture Ministry information center. Accounts of the attacks in the official press did not specify who was responsible, when they were carried out or how...

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Sprint salesman refuses to sell iPhone to customer, says his ‘fingers are too fat’ to use it

We’ve known for a while now that some mobile carriers have been instructing their sales staff to start pushing their customers away from Apple’s (AAPL) iPhone and toward Android or Windows Phone devices. The reason is simple: carriers pay a lot more to subsidize Apple’s popular smartphone than they do with other devices and they’d prefer to have higher gross margins at the end of each quarter....

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Queen Elizabeth Goes 3D for Her Holiday Message

By Simon Perry 12/24/2012 at 03:05 PM EST Queen Elizabeth, in her 3D glasses John Stillwell/AFP/Getty Check out the new Queen of Cool – rockin' her shades.As if her Diamond Jubilee, her Summer Olympics' James Bond stunt and the anticipation of her great-grandchild from William and Kate weren't...

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Predicting who's at risk for violence isn't easy

CHICAGO (AP) — It happened after Columbine, Virginia Tech, Aurora, Colo., and now Sandy Hook: People figure there surely were signs of impending violence. But experts say predicting who will be the next mass shooter is virtually impossible — partly because as commonplace as these calamities seem, they are relatively rare crimes.Still, a combination of risk factors in troubled kids or adults including...

Read More..

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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