News Archive
National | Thu, Dec 13, 2012

This was it, my first big decision as a dad. What car would I bring my newborn son home in?

Research In Motion Ltd. said U.S. Immigration and Customs Enforcement will test its new BlackBerry 10 devices early next year, becoming one of the first government agencies to try the new operating system.

Apple Inc., caving to user outrage over faulty directions in its home-grown navigation tool, has let Google Inc.’s mapping application back onto the iPad and iPhone mobile devices.

U.S. businesses added to their stockpiles in October while sales fell, a sign that companies may order fewer goods in the coming months.

Retail sales rebounded in November and applications for jobless benefits fell more than forecast last week, pointing to strength in consumer demand as the holiday-shopping season gets under way.

U.S. stocks retreated, snapping a six-day advance in the Standard & Poor’s 500 Index, as the standoff in federal budget negotiations overshadowed a decline in jobless claims and a rebound in retail sales.

Sprint Nextel has offered to buy out the minority shareholders of Clearwire for $2.1 billion in a deal that would give it total control of the flailing company and also more space on the airwaves for data services.

Dec. 13 (Bloomberg) -- Adobe Systems Inc. shares climbed 7 percent after the software company reported fiscal fourth- quarter sales and profit that topped analysts’ estimates as customers embraced its flagship Creative Suite.

Dec. 13 (Bloomberg) -- Apple Inc. lost an infringement case brought by patent-licensing firm MobileMedia Ideas LLC when a federal jury decided the maker of the iPhone misappropriated protected technology for the handheld devices.

Stocks sank most of the day Thursday after more signs of tension emerged in federal budget talks. They recovered some of the loss after a late report that President Barack Obama and the House speaker would meet.

One of the most immediately apparent features of Australia is its vast emptiness. A mere 23 million people are spread over a landmass the size of the continental United States.

Google Maps has found its way back to the iPhone.

Dec. 13 (Bloomberg) -- Hovnanian Enterprises Inc., the best-performing U.S. homebuilder stock this year, reported a narrower loss for its fiscal fourth quarter as sales increased in a recovering U.S. housing market.

Oil finished lower Thursday as doubts increased over political leaders' ability to strike a deal in budget negotiations.

Average U.S. rates on fixed mortgages fell this week near record lows, providing more incentive for Americans to buy homes and refinance.

The federal government isn't going to tap the Missouri River to slake the thirst of a drought-parched Southwest, the government's top water official said Wednesday.

Upbeat U.S. economic figures failed to restore strength to stock markets Thursday as investors monitored the progress of budget discussions in the U.S.

Dec. 13 (Bloomberg) -- Retail sales in the U.S. rose in November as demand for automobiles rebounded and holiday shoppers snapped up electronics and clothes.

In one whirlwind morning, the European Union nations agreed Thursday to two key measures vital to the financial security of the region. As well as laying the groundwork for a full-fledged banking union, Greece's euro partners approved billions in bailout loans that will prevent the country from going bankrupt.

Cheaper gas drove down a measure of wholesale prices in November for the second straight month, a sign inflation remains mild.

The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving.

Shares of AstraZeneca and its partner Rigel Pharmaceuticals Inc. fell Thursday after the companies reported that their experimental rheumatoid arthritis drug failed to show superiority to Abbott's Humira in a midstage study.

Shares of PBF Energy Inc. rose 6 percent in their first hours of trading on the New York Stock Exchange, following an initial public offering that raised about $533 million.

more jets rattling homes, more crimes rattling nerves.

Pharmacy benefits manager BioScrip Inc. said Thursday that it will pay $70 million in cash to acquire HomeChoice, a company that offers non-hospital drug infusion services.

To millions of people, the Christmas tree is a cheerful sight. To scientists who decipher the DNA codes of plants and animals, it's a monster.

Dec. 13 (Bloomberg) -- Nasdaq Stock Market canceled some trades in nine U.S. stocks, such as Goldman Sachs Group Inc., Hewlett-Packard Co. and Sprint Nextel Corp., that occurred more than 10 percent away from yesterday’s close.

Warner Music Group Corp., the third largest recording company in the U.S., says quarterly revenue grew for the first time in five quarters in the three months through September as sales grew of both digital music and CDs.

Ciena Corp. said Thursday that its fiscal fourth-quarter loss widened, as higher costs more than offset a slight increase in revenue.

Sears Holdings Corp. is reaching into world of “Moneyball” for guidance as the retailer tries to turn around its struggling business.

Dec. 13 (Bloomberg) -- A U.S. appeals court that once acknowledged it was creating a new cottage industry in patent litigation shut down that market today.

Buying a home in Berlin is widely viewed as one of the safest investments a German, or any European, can make.

Dec. 13 (Bloomberg) -- Bank of America Corp.’s Sisyphus- like effort to gain control of MBIA Inc.’s bonds may signal that the lender is close to settling a three-year legal battle with the insurer over toxic mortgage securities.

Dec. 13 (Bloomberg) -- As Groupon Inc. rushes into e- commerce, it needs to line up vast numbers of products to become profitable. To secure sufficient inventory, the company is developing software that will help small retailers easily set up flash sales on its Groupon Goods site.

Yahoo is adding a new director and parting ways with two other board members in the latest shake-up of the Internet company's hierarchy.

Dec. 13 (Bloomberg) -- Sprint Nextel Corp. offered to acquire all of Clearwire Corp. in a $2.1 billion deal, ending a four-year joint venture that struggled to build a nationwide network capable of challenging Verizon Wireless and AT&T Inc.

American Airlines pilots say their CEO is making his case for remaining an independent company, but the union still wants a merger with US Airways.

A disappointed American delegation led a Western snub of a U.N. telecommunications treaty Thursday after rivals, including Iran and China, won support for provisions interpreted as endorsing greater government control of the Internet.

Dec. 13 (Bloomberg) -- MetLife Inc., the largest U.S. life insurer, can counter low interest rates by cutting expenses and expanding in other nations, Chief Executive Officer Steven Kandarian said.

Dec. 13 (Bloomberg) -- Best Buy Co., the world’s largest electronics retailer, rose the most in almost four years after the Minneapolis Star-Tribune reported founder Richard Schulze will offer to take the company private by Dec. 15.

Silvio Berlusconi's vacillations over whether or not to run for Prime Minister of Italy failed to dent investor demand for the country's debt, leaving borrowing costs steadfastly low in a bond auction on Thursday.

Dec. 13 (Bloomberg) -- Yahoo! Inc., the largest U.S. Web portal, appointed Yelp Inc. Chairman Max Levchin to its board, as Chief Executive Officer Marissa Mayer works to restore management stability and reverse three years of revenue declines.

Dec. 13 (Bloomberg) -- CVS Caremark Corp., the largest provider of prescription drugs in the U.S., jumped the most in three months after forecasting 2013 profit that topped analysts’ estimates, helped by new pharmacy customers.

Dec. 13 (Bloomberg) -- Facebook Inc., owner of the world’s largest social network, said it unveiled an upgraded mobile application for phones and tablets running on Google Inc.’s Android operating system that will make the program run faster.

The White House “fiscal cliff” meeting between President Barack Obama and House Speaker John Boehner has ended with no immediate indication of progress from either side.

Eli Lilly & Co. said Thursday that it stopped one late-stage trial of its experimental drug tabalumab as a treatment for rheumatoid arthritis.

A loophole that permits software companies to sell cyberstalking apps that operate secretly on cellphones could soon be closed by Congress. The software is popular among jealous wives or husbands because it can continuously track the whereabouts of a spouse.

Wynn Resorts Ltd. is seeking shareholder approval to remove Japanese billionaire Kazuo Okada from its board.

Dec. 13 (Bloomberg) -- United Technologies Corp. forecast 2013 sales and earnings driven by its purchase of Goodrich, the largest aerospace acquisition in history, that still trailed some analysts’ estimates.

Five weeks after President Barack Obama won re-election and gained more leverage to make GOP conservatives bend on taxes, the new balance of power is proving vexing for both sides.

Dec. 13 (Bloomberg) -- Oil slid from the highest level in a week as U.S. lawmakers disagreed on steps to avert automatic spending cuts and tax increases that take effect on Jan. 1 and threaten to curb economic growth and fuel demand.

Dec. 13 (Bloomberg) -- Members of the Organization of Petroleum Exporting Countries should trim crude output so that total production is in line with the group’s 30 million barrel- a-day quota limit, OPEC’s secretary-general said.

Dec. 13 (Bloomberg) -- Treasuries fluctuated before a government report forecast to show U.S. retail sales rose last month, adding to signs of resilience in the world’s largest economy.

OPEC does not see increased U.S. oil output as a threat to its interests but is skeptical about current forecasts on the boom of American shale gas production, a senior official of the 12-nation cartel said Thursday.

Dec. 13 (Bloomberg) -- First-time claims for unemployment insurance payments declined more than forecast last week to the lowest level since early October, adding to evidence the labor market is improving.

Dec. 13 (Bloomberg) -- The Federal Reserve and four major central banks announced the extension of temporary U.S. dollar swap agreements through Feb. 1, 2014.

Dec. 13 (Bloomberg) -- Wholesale prices in the U.S. fell more than forecast in November, reflecting the biggest drop in the cost of energy since March 2009.

Saints quarterback Drew Brees and his foundation are suing one of the former organizers of his celebrity golf tournament in southern California, saying the organizer cheated benefactors of the foundation out of thousands of dollars he kept for his own marketing firm.

Top central banks are extending their arrangements to swap dollars and other currencies to make sure banks have the money they need.

U.S. home repossessions rose to a nine-month high in November, even as the number of homes starting on the path to foreclosure declined to the lowest level in six years.

Dec. 13 (Bloomberg) -- The Organization of Petroleum Exporting Countries will cut crude exports to a four-year low this month as seasonal demand declines, according to tanker tracker Oil Movements.

Americans spent more online in November to start the holiday season and began to replace cars and rebuild in the Northeast after Superstorm Sandy.

The European Court of Human Rights ruled Thursday in favor of a German man who says the CIA illegally kidnapped him and took him to a secret prison in Afghanistan in 2003. The decision was hailed by critics of the so-called extraordinary renditions programs in the U.S. war on terrorism.

Russia's President Vladimir Putin on Thursday lambasted a U.S. bill imposing sanctions on Russian officials accused of human rights violations, saying that it hurts Russian-American relations.

South African President Jacob Zuma on Thursday honored anti-apartheid icon Nelson Mandela, who has been hospitalized since the weekend and who the president said is recovering from a lung infection.

They don't call it rocket science for nothing.

The governors of New York, New Jersey and Connecticut are putting out a strong message to Congress: Don't leave for the holidays until you decide on aid for states battered by Superstorm Sandy.

Defense Secretary Leon Panetta says Afghan President Hamid Karzai has accepted an invitation from President Barack Obama to meet in Washington.

New York City's Taxi and Limousine Commission has approved a plan that will let riders use their smartphones to “e-hail” yellow cabs.

Thu, Dec 13, 2012