Dec
27

How Not 'Awesome' Was Lisa Jackson at the EPA?

After almost four years of guiding controversial decisions on fracking, the Keystone XL pipeline, and coal, EPA Administrator Lisa Jackson is stepping down. Now, the hunt is on for a new director who won't be able to please anyone.RELATED: EPA Passes New Fracking RulesJackson—the EPA's first African American chief and a chemical engineer by training—wrote in a statement, "I will leave the EPA confident...
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Website helps Dutch Catholics "de-baptize" over gay marriage

 Thousands of Dutch Catholics are researching how they can leave the church in protest at its opposition to gay marriage, according to the creator of a website aimed at helping them find the information.Tom Roes, whose website allows people to download the documents needed to leave the church, said traffic on ontdopen.nl - "de-baptise.nl" - had soared from about 10 visits a day to more than 10,000...
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Apple still said to account for 87% of North American tablet traffic as Kindle Fire, Nexus 7 gain

Apple’s (AAPL) share of the global tablet market is in decline now that low-cost Android slates are proliferating, but the iPad still appears to be the most used tablet by a huge margin. Ad firm Chitika regularly monitors tablet traffic in the United States and Canada and in its latest report, Apple’s iPad was responsible for almost 90% of all tablet traffic across the company’s massive network.[More...
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Apple CEO gets modest 2012 pay after big 2011

 Apple CEO Tim Cook got $4.2 million in pay for the latest fiscal year, a modest sum compared with last year, when the company's board set him up with stock now worth $510 million for taking the reins in 2011.Cook's pay for fiscal 2012, which ended in September, consisted of $1.4 million in salary, a bonus of $2.8 million, and $17,000 in company contributions to his 401(k) account and life insurance...
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Toshiba’s new Lytro-like mobile image sensor could revolutionize smartphone photography

Cramming more megapixels into a smartphone with the thickness of a pencil is not the future of mobile picture-taking. Smartphones have hit a threshold where 8-megapixels is more than enough for taking crisp still shots and 1080p HD video. Many smartphones even perform decent under low-light conditions. But according to the Asahi Shimbun, Toshiba (TOSBF) has a new camera module that could change the...
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Dec
26

Discover Financial Services 4Q net income rises

 Discover Financial Services on Thursday reported higher earnings for its fiscal fourth quarter, as users of its namesake credit card stepped up purchases and the company wrote off fewer unpaid balances.Even so, the Riverwoods, Ill.-based company's results fell short of Wall Street expectations, and investors sent its shares down over 3 percent Thursday.Discover, the nation's sixth-largest credit...
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RIM shares fall at the open after earnings

 Research In Motion Ltd fell in early trading on Friday following the BlackBerry maker's Thursday earnings announcement, when the company outlined plans to change the way it charges for services.RIM, pushing to revive its fortunes with the launch of its new BlackBerry 10 devices next month, surprised investors when it said it plans to alter its service revenue model, a move that could put the...
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Walgreen fiscal 1Q profit sinks nearly 26 pct

fiscal first-quarter earnings sank nearly 26 percent as costs tied to a couple big deals and Superstorm Sandy helped put a bigger-than-expected dent in the drugstore chain's performance.CEO Greg Wasson told analysts he saw the quarter as a "turning point" for the Deerfield, Ill., company, which has been working to recapture customers it lost during a contract dispute with Express Scripts Holding Co....
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Nigeria's Dangote Cement expects 38 pct rise in Q1 profit

Nigeria's biggest listed company, Dangote Cement, expects pretax profit to rise 38.9 percent year-on-year to 42.09 billion naira in the first three months of next year, it said in a filing with the Nigerian Stock Exchange.Dangote Cement, Nigeria's biggest cement producer, said it expected turnover of around 81.6 billion naira in the first quarter, compared with 64.1 billion naira it achieved in the...
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Piano maker Steinway takes down 'for sale' sign

 Steinway Musical Instruments Inc, the famous manufacturer of pianos, saxophones and trumpets, said on Wednesday it had decided not to sell itself following a 17-month-long exploration of strategic alternatives.An American icon synonymous with handmade grand pianos, Steinway has struggled to keep its production margins competitive amid stagnant sales, and has seen its shares plunge 10 percent...
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Dec
25

Duke still No. 1 in AP poll; Pitt, K-State move in

Duke and Michigan remain the top two teams in The Associated Press' college basketball poll while Syracuse drops from third to ninth after its first loss.The Blue Devils received all but two of the first-place votes Monday from the 65-member national media panel. Michigan got the others.Arizona, Louisville and Indiana all moved up one place to third through fifth. Kansas, which won at Ohio State,...
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Playoff puzzle nearly complete with one week to go

With one week remaining in the regular season, the National Football League's playoff picture has come into sharper focus with only a few more pieces of the post-season puzzle to be put into place.Much of the remaining drama is focused on the NFC East, where the Washington Redskins, Dallas Cowboys and New York Giants will stage a battle royale for the division crown with a ticket to the post-season...
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AP source: Dolphins' Smith has knee bruise

A person familiar with the diagnosis says Miami Dolphins cornerback Sean Smith escaped serious injury when he hurt his left knee in the team's victory over Buffalo.An MRI test Monday determined the injury was only a bruise, the person told The Associated Press, speaking on condition of anonymity because the Dolphins are not releasing details about the injury.Smith, a fourth-year pro and Miami's best...
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Pagano back to coach Colts after cancer treatment

 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 best day of...
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Pagano joins playoff bound Colts after battle with cancer

The Indianapolis Colts and their fans got an early Christmas gift when head coach Chuck Pagano returned to work on Monday, three months after being forced to the sidelines to battle cancer.Diagnosed with leukemia in late September, Pagano spent the last three months undergoing treatment, including chemotherapy, while his inspired team led by rookie quarterback Andrew Luck battled on the field earning...
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Dec
24

Medical abortions are safe: study

- Less than one percent of women getting a medication-induced abortion at Planned Parenthood had a serious side effect or a failed abortion, according to a new study. Researchers found the rate of abortion-related complications sending women to the emergency room or requiring a blood transfusion, for example, was one in 625 during 2009 and 2010. "At Planned Parenthood, medical abortion is extremely...
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U.S. food, animal groups seek lower ractopamine limits

Food safety and animal welfare groups petitioned the U.S. Food and Drug Administration on Thursday seeking limits on an animal feed additive that is the subject of concerns about human and animal health. Russia said earlier this month that it was requiring meat it imports to be tested and certified free of the feed additive ractopamine, a move jeopardizing the more than $500 million a year in exports...
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Enzon Pharma cuts more jobs, to stop drug development

Enzon Pharmaceuticals Inc said it will suspend all clinical development activities, days after the cancer drug developer decided to explore a possible sale. The company, in which activist investor Carl Icahn has a 13.29 percent stake, spent about $4 million last quarter on pipeline research and development and had cash, cash equivalents and marketable securities of $288.7 million as of September...
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Federal appeals court rules against Hobby Lobby on contraception

A federal appeals court on Thursday rejected a claim by an arts and crafts chain that wants to be exempted from a requirement to provide emergency contraceptives to employees because it violates the religious principles of its owners. The Court of Appeals in Denver ruled against family-owned Hobby Lobby's assertion that the religious beliefs of its owners should relieve them from providing the "morning...
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China probes Yum Brands' KFC over safety of chicken products

Yum Brands Inc's fast-food chain KFC was supplied with chicken in China that contained excessive amounts of antibiotics, said food safety authorities investigating allegations of tainted KFC products. The finding by the Shanghai Food and Drug Administration (SFDA) deals a blow to KFC's reputation in China, where it is facing fierce competition from the likes of Taiwanese-owned fried chicken chain...
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Dec
23

Reports: Rolling Stones guitarist Wood ties knot

Two British newspapers say Rolling Stones guitarist Ronnie Wood has married his fiancee Sally Humphreys at a ceremony at London's Dorchester Hotel. The Sun and the Daily Mirror carried photographs of the 65-year-old rocker with a pale boutonniere and a dark blue suit, and his 34-year-old bride in a traditional white gown and a clutch of matching white flowers. The Sun quoted Wood as saying "I'm feeling...
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Buju Banton awaits ruling in mistrial request

A Florida juror who voted to convict Jamaican reggae singer Buju Banton on drug charges has denied improperly researching the case during trial, in spite of a weekly newspaper's report that quoted her as saying that she did. Banton is serving a 10-year prison sentence on two drug charges. The Grammy winner faces an additional five years on a related gun possession charge, but his resentencing hearing...
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Reggae's Buju Banton awaits ruling on mistrial

A Florida juror who voted to convict Jamaican reggae singer Buju Banton on drug charges has denied improperly researching the case during trial, despite a weekly newspaper's report that quoted her as saying that she did. Banton is serving a 10-year prison sentence for his convictions on cocaine conspiracy and trafficking charges stemming from a 2009 arrest. The Grammy winner faces an additional five...
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Swedish princess to marry next June

STOCKHOLM (AP) — Sweden's royal family says Princess Madeleine's wedding will take place on Saturday, June 8, at the Royal Palace chapel in downtown Stockholm. King Carl XVI Gustaf and Queen Silvia's youngest daughter was engaged to U.S.-British boyfriend Christopher O'Neill, a 38-year-old New York banker, in late October. The 30-year-old Madeleine is fourth in line to the Swedish throne. The royal...
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Rihanna donates $1.75 million to Barbados hospital

BRIDGETOWN, Barbados (AP) — Pop star Rihanna has given $1.75 million to a hospital in her Caribbean homeland of Barbados in memory of her late grandmother. Rihanna says the donation to buy three pieces of medical equipment was her way "giving back to Barbados." She made the comments during a Saturday ceremony with relatives at the island's Queen Elizabeth Hospital. The hospital's radiotherapy unit...
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Analysis: Apple's swoon exposes risk lurking in mutual funds

The nearly 28 percent decline in shares of Apple Inc since mid-September isn't just painful to individual shareholders. It's also being felt by investors who chased hot mutual funds that loaded up on Apple as the stock raced to a record $705 per share. Apple makes up 10 percent or more of assets in 117 out of the 1,119 funds that own its shares, according to data from Lipper, a Thomson Reuters company....
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Dec
22

ICE to buy NYSE Euronext for $8.2 bln

REUTERS - In October, Jeff Sprecher, chief executive of upstart IntercontinentalExchange , approached NYSE Euronext CEO Duncan Niederauer with a modest proposal to team up on clearing trades in London. As the men continued talking, Sprecher grew bolder, instead suggesting that ICE buy NYSE in what became an $8.2 billion deal announced on Thursday. The deal will link up two powerful derivatives exchange...
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Wall Street bounces back on hope for "cliff' solution

NEW YORK (Reuters) - U.S. stocks rebounded from early losses on Thursday after Republican House Speaker John Boehner said he would keep working on a solution to the "fiscal cliff" while also slamming President Barack Obama's approach to budget talks. NYSE Euronext was the S&P 500's biggest gainer, surging 34 percent to $32.25 after IntercontinentalExchange Inc said it would buy the operator of...
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Regulator plans to sanction JPMorgan on "Whale" trade - report

(Reuters) - A U.S. bank regulator is planning to issue a formal action against JPMorgan Chase & Co , demanding that the bank fix lapses in risk controls that allowed some of its traders to build a risky bet that lost $6.2 billion, the Wall Street Journal reported on Thursday. The Office of the Comptroller of the Currency, a division of the Treasury Department that oversees banks, is not expected...
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ICE to buy NYSE Euronext for $8.2 billion

REUTERS - In October, Jeff Sprecher, chief executive of upstart IntercontinentalExchange , approached NYSE Euronext CEO Duncan Niederauer with a modest proposal to team up on clearing trades in London. As the men continued talking, Sprecher grew bolder, instead suggesting that ICE buy NYSE in what became an $8.2 billion deal announced on Thursday. The deal will link up two powerful derivatives exchange...
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Trafigura 2012 earnings fall below $1 bln - FT

SINGAPORE, Dec 21 (Reuters) - Commodities trader Trafigura earned about $1 billion for the second straight year in 2012, but down from a record achieved last year due to higher staff costs and new investments, the Financial Times reported. The privately-held company, based in Geneva and Singapore, made a profit of $991.9 million in the year to September, down 11 percent from last year's record $1.11...
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ICE to acquire NYSE in $8.2bn deal

London, Dec. 21 (ANI): IntercontinentalExchange (ICE), the 12-yr old firm dealing in contracts tied to energy and commodity prices, has agreed to buy NYSE Euronext for cash and stock in a deal worth 8.2 billion dollars. As part of the deal, ICE also gains control of the Liffe (London International Financial Futures and Options Exchange) and stock exchanges in Paris, Lisbon, Brussels and Amsterdam....
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Dec
20

NHL lockout has chilling effect on business

BUFFALO, N.Y. (AP) — Most everywhere Lou Billittier turns these days, the Buffalo restaurateur is reminded of the NHL  lockout, and its impact on his blue-collar, sports-mad town where Dominik Hasek became a star and the French Connection is still revered.Billittier misses the familiar faces of Sabres players having their traditional game-day lunch at his restaurant, Chef's. He recalled a recent...
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Barring setback, Redskins' RG3 looks good to go

    *      Kirk Cousins will start in place of Griffin wgho is sitting out with a sprained knee. (AP Photo/Rick Osentoski)  less ASHBURN, Va. (AP) — Robert Griffin III looks good to go.The Washington Redskins rookie had a full practice Thursday for the second straight day as the team prepares for this week's game against the Philadelphia Eagles."I like...
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AP IMPACT: Steroids loom in major-college football

WASHINGTON (AP) — With steroids easy to buy, testing weak and punishments inconsistent, college football  players are packing on significant weight — 30 pounds or more in a single year, sometimes — without drawing much attention from their schools or the NCAA in a sport that earns tens of billions of dollars for teams.Rules vary so widely that, on any given game day, a team with a strict no-steroid...
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It's official, Andersen is new Wisconsin coach

MADISON, Wis. (AP) — Several schools tried to lure Gary Andersen away from Utah State.Wisconsin finally got him.Andersen was officially hired as the Badgers' new coach Thursday, and will be formally introduced at a news conference Friday morning. He replaces Bret Bielema, who left the Badgers for Arkansas this month."I don't know if I can really have a word for how excited I am to be at Wisconsin...
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