2012 YEAR IN REVIEW

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  • NYSE stocks posting largest percentage decreases

    A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.: On Assignment Inc. fell 23.4 percent to $26.75. hhgregg Inc. fell 15.6 percent to $7.17. L-3 Communications Holdings ...

  • Early Glance: Railroad companies

    Shares of some top railroad companies are down at 10 a.m.: CSX fell $.33 or 1.1 percent, to $30.13. Canadian National Railway Co. fell $.39 or .6 percent, to $67.29. Canadian Pacific Railway Ltd. fell ...

  • Police assist 'Woman in Black' after crowd surrounds her in Virginia
    Police assist 'Woman in Black' after crowd surrounds her in Virginia

    By Brendan O'Brien (Reuters) - A woman dressed in all black who has been spotted strolling along highways in the U.S. Southeast and Midwest needed police assistance after she was surrounded by a group of about 50 curious people in Virginia, authorities said on Wednesday. Police in Winchester, Virginia took the person who wears flowing robes and has been dubbed the "Woman in Black" on social media to an undisclosed location and fed her after the incident on Tuesday evening, police said in a statement. "She has expressed to officers that she wants to be left alone and is asking that the public respect her wishes," said the Winchester Police Department, adding that she intends to stay in the community. Police did not release her name but she is thought to be Elizabeth Poles, 56, who used to live in Georgia and is originally from Alabama.

  • Fitch declares Argentina in 'restricted default' 
    Fitch declares Argentina in 'restricted default' 

    Ratings agency Fitch declared Argentina in default on its bonds for the second time in 13 years on Thursday after talks between Buenos Aires and hedge fund creditors ended with no deal. Fitch called the country in "restricted default" on its foreign currency debt, because, hobbled by a New York court order, it only missed a payment on one class of debt and has paid other creditors. Argentina had deposited the $539 million interest payment due to exchange bond holders -- creditors who had accepted a restructuring deal after the previous default -- in a bank account when it was due at the end of June. "Argentina has not been able to cure the missed coupon payments on its discount bonds issued under foreign law after the expiration of the 30-day grace period on July 30," Fitch said.

  • Don’t be fooled, all is not well for stocks
    Don’t be fooled, all is not well for stocks

    Josh Brown of Ritholtz Wealth Management on what's next for stocks as summer rolls along

  • Crashed drone carried contraband aimed at South Carolina prison
    Crashed drone carried contraband aimed at South Carolina prison

    By Harriet McLeod CHARLESTON S.C. (Reuters) - A drone being flown in a novel attempt to smuggle phones, marijuana and tobacco into a South Carolina maximum security prison crashed outside its walls, authorities said on Wednesday. The contraband smuggling attempt has been under investigation since the wreckage was discovered in April outside the Lee Correctional Institution in Bishopville, said state Department of Corrections spokeswoman Stephanie Givens. Officials believe it was the first time an unmanned aircraft had been used in an effort to breach prison walls in the state, Givens said. Illegal cellphones, an issue in prisons nationwide, have drawn particular alarm in South Carolina.

  • How DOD’s $1.5 Trillion F-35 Broke the Air Force
    How DOD’s $1.5 Trillion F-35 Broke the Air Force

    The F-35 Joint Strike Fighter is the most expensive, and possible the most error ridden, project in the history of the United States military. Now, the Air Force has taken steps to make sure that the unmitigated disaster that the F-35 has become does not happen again. The Air Force, in its 20-year strategic forecast entitled “America’s Air Force: A Call to the Future,” has called for an end to big-ticket programs like the F-35. The report paints a future of the Air Force that resembles an innovative 21st Century company as opposed to a traditional fighting force.

  • Rolex passed among jurors in ex-Va. gov trial
    Rolex passed among jurors in ex-Va. gov trial

    RICHMOND, Va. (AP) — A former CEO testified Thursday that his cozy relationship with Virginia's first family was a poor business decision, not friendship.

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