Wall Street ends sour week with 5th straight decline

NEW YORK (Reuters) - Stocks fell for a fifth straight day on Friday, dropping 1 percent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight. President Barack Obama and top congressional leaders met at the White House to work on a solution for the draconian debt-reduction measures set...

Read More..

NHL makes new offer; lockout enters critical stage

NEW YORK (AP) — The NHL made a new offer to the players' association, hoping to spark talks toward ending the long lockout and saving the hockey season.Deputy commissioner Bill Daly said Friday the league presented its proposal Thursday and was waiting for a response. The sides haven't met in person since a second round of talks with a federal mediator broke down Dec. 13.The lockout has reached its...

Read More..

2013: A year for big issues in the courts

By Jeffrey Toobin, CNN Senior Legal AnalystDecember 27, 2012 -- Updated 1445 GMT (2245 HKT)Chief Justice John Roberts re-administers the oath of office to Barack Obama at the White House on January 21, 2009. STORY HIGHLIGHTSJeffrey Toobin: 2013 will see pivotal decisions in several key areas of lawHe says Supreme Court could decide fate of same-sex marriageAffirmative action for public college admissions...

Read More..

Obama: Fiscal talks 'good and constructive'

WASHINGTON (Reuters) - President Barack Obama and congressional leaders agreed on Friday to make a final effort to prevent the...

Read More..

India gang rape victim dies in Singapore hospital

SINGAPORE (Reuters) - The Indian gang rape victim whose assault in New Delhi triggered nationwide protests died in hospital on Saturday of injuries suffered in the attack, a Singapore hospital treating her said. The death of the 23-year-old medical student could spawn new protests and possibly fresh confrontations with the police, especially in the Indian capital, which has been the focus...

Read More..

Wall Street rebounds on House session, but off for 4th day

NEW YORK (Reuters) - Stocks fell for a fourth day on Thursday, but recovered most of their losses after the House of Representatives, in the barest sign of progress, said it would come back to work on avoiding the "fiscal cliff" this weekend. It was a jittery session for stocks, with shares falling more than 1 percent after Senate Majority Harry Reid warned a deal was unlikely before...

Read More..

Net loss: Brooklyn fires coach Avery Johnson

NEW YORK (AP) — Coach of the month in November, out of a job by New Year's.The Brooklyn Nets have elevated expectations this season, and a .500 record wasn't good enough. Coach Avery Johnson was fired Thursday, his team having lost 10 of 13 games after a strong start to its first season in Brooklyn."We don't have the same fire now than we did when we were 11-4," general manager Billy King said at...

Read More..

Experts call off search for life in Antarctic lake

LONDON (AP) — British scientists have called off the hunt for exotic life in an ice-bound Antarctic lake after their mission was hit by a technical hitch.Researchers with the British Antarctic Survey had hoped to drill into Lake Ellsworth, which they believe has been frozen over for hundreds of thousands of years, in the hope of finding microbial life forms that might provide new insight into the...

Read More..

2013: A year for big issues in the courts

By Jeffrey Toobin, CNN Senior Legal AnalystDecember 27, 2012 -- Updated 1445 GMT (2245 HKT)Chief Justice John Roberts re-administers the oath of office to Barack Obama at the White House on January 21, 2009. STORY HIGHLIGHTSJeffrey Toobin: 2013 will see pivotal decisions in several key areas of lawHe says Supreme Court could decide fate of same-sex marriageAffirmative action for public college admissions...

Read More..

Russia's Putin signals he will sign U.S. adoption ban

MOSCOW (Reuters) - President Vladimir Putin signaled on Thursday he would sign into law a bill barring Americans from adopting Russian children and sought to forestall criticism of the move by promising measures to better care for his country's orphans. In televised comments, Putin tried to appeal to people's patriotism by suggesting that strong and responsible countries should take care...

Read More..

Wall Street drops in thin session, led by retailers

NEW YORK (Reuters) - 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. Trading was light, with volume at a mere 4.01 billion shares traded on the New York Stock Exchange, the Nasdaq and NYSE MKT, well below the daily average so far this year of about 6.48 billion...

Read More..

Peyton Manning, Peterson make Pro Bowl

NEW YORK (AP) — Sensational comebacks have Peyton Manning and Adrian Peterson headed for the Pro Bowl.Also selected Wednesday to the NFL's all-star game was Redskins rookie quarterback Robert Griffin III.Manning missed all of the 2011 season with neck and back problems that required several operations. He then signed with Denver as a free agent and has led the Broncos on a 10-game winning streak...

Read More..

Lion habitat features big cats that worked at MGM

HENDERSON, Nev. (AP) — Dozens of lions that used to entertain tourists at the MGM Grand in Las Vegas now have a new day job.The Las Vegas Sun reports (http://bit.ly/UsXjFH ) Keith Evans recently opened his Lion Habitat Ranch in nearby Henderson, Nev., about a year after the Las Vegas Strip casino shuttered its own lion attraction to make way for renovations.Evans has been keeping big cats at his ranch...

Read More..

The forgotten victims of gun violence

Chicago Mayor Rahm Emanuel, center, and other area officials call for stronger gun regulations at a news conference last week.STORY HIGHLIGHTSWhile America was mourning Newtown victims, guns were claiming lives elsewhere in U.S.Authors: Media focus on mass shootings, but continuing violence also needs coverageThey say inner cities suffer an epidemic of gun killings, and young are particularly vulnerableAuthors:...

Read More..

Melton among 5 Bears earning Pro Bowl honors

Henry Melton said last week he was as good as any 4-3 defensive tackle in the NFL than himself last week and now he’s been recognized...

Read More..

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...

Read More..

Yen falls as Japan forms new government, supporting Nikkei

TOKYO (Reuters) - Expectations that Japan's incoming prime minister will pursue drastic stimulus policies to drive the country's economy out of deflation helped weaken the yen and underpinned the Nikkei on Wednesday, while Asian shares were capped in thin holiday trade. Singapore <.ftsti>, Malaysia <.klse>, Indonesia <.jkse>, the Philippines <.psi> and South Korea...

Read More..