2012 YEAR IN REVIEW

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  • Fannie Mae slashes forecast for new-home market over past year

    Mortgage-finance giant Fannie Mae grew a bit more optimistic this month about sales of new homes, but the company has slashed its outlook over the past year.

  • Radio star Casey Kasem's remains flown to Canada: agent

    (Reuters) - The body of radio personality Casey Kasem, who even before his June death was at the center of a tug-of-war between his wife and his children from a prior marriage, has been flown to Canada from a Washington state funeral home, his longtime former agent said on Wednesday. Kasem, the former host of the syndicated program "American Top 40," was moved to Canada by his wife, his agent Don Pitts said, after being kept at the Gaffney Funeral Home in Tacoma, Washington. Candace Corkum, administrative manager for the funeral home, confirmed on Friday that Kasem's body was no longer at the facility. Kasem had been the focus of a dispute between his three children from his first marriage - Kerri, Julie and Mike - and his second wife, Jean Kasem.

  • Man United buries Galaxy 7-0 in Van Gaal's debut
    Man United buries Galaxy 7-0 in Van Gaal's debut

    PASADENA, Calif. (AP) — Manchester United made an impressive debut under coach Louis van Gaal on Wednesday night, with Wayne Rooney scoring twice late in the first half of a 7-0 victory over the LA Galaxy.

  • Thousands attend tense pro-Gaza march in Paris
    Thousands attend tense pro-Gaza march in Paris

    PARIS (AP) — Days after two banned pro-Gaza protests degenerated into violence, several thousands of demonstrators marched Wednesday through Paris under the eye of hundreds of riot police, this time in a legal protest.

  • Dow poised to drop 3,000 points
    Dow poised to drop 3,000 points

    Komal Sri-Kumar on why the markets may be poised for a dip

  • Putin says will use influence on Ukraine rebels, denounces West
    Putin says will use influence on Ukraine rebels, denounces West

    By Darya Korsunskaya MOSCOW (Reuters) - President Vladimir Putin said on Tuesday Russia would try to ensure Ukrainian separatists cooperate with an investigation into the downing of a Malaysian airliner, but said the West must do more to persuade Kiev to end hostilities. Putin came out fighting in his most detailed comments since the plane was brought down on Thursday, dismissing criticism of Russia's role in events in rebel-held east Ukraine and describing the West's position as "strange and unacceptable". Accusing the United States indirectly of pulling the strings in Kiev, trying to bully Russia and meddling in Russia's domestic affairs, the president said in televised remarks: "Such methods will not work on Russia." Reading from notes at the head of a long table flanked by his top government, parliament, security and defense officials, Putin spoke much more forcefully than during brief televised remarks on the plane's downing first released in the early hours of Monday, when he looked tired and less assured than usual.

  • Exclusive: Ukraine rebel commander acknowledges fighters had BUK missile
    Exclusive: Ukraine rebel commander acknowledges fighters had BUK missile

    By Anton Zverev DONETSK Ukraine (Reuters) - A powerful Ukrainian rebel leader has confirmed that pro-Russian separatists had an anti-aircraft missile of the type Washington says was used to shoot down Malaysia Airlines flight MH17 and it could have originated in Russia. In an interview with Reuters, Alexander Khodakovsky, commander of the Vostok Battalion, acknowledged for the first time since the airliner was brought down in eastern Ukraine on Thursday that the rebels did possess the BUK missile system and said it could have been sent back subsequently to remove proof of its presence. Before the Malaysian plane was shot down, rebels had boasted of obtaining the BUK missiles, which can shoot down airliners at cruising height.

  • Mayfly Mating Swarm at Mississippi River So Dense It Shows Up on Radar
    Mayfly Mating Swarm at Mississippi River So Dense It Shows Up on Radar

    Fair warning: Do not continue reading if bugs give you goose bumps and gross you out. We're talking lots and lots of mayflies. Mating season this summer is creating a mass buzz in the upper Mississippi River Valley. Sunday evening, wary Wisconsinites near La Crosse crawled for cover, while others caught the swarm of flies on camera.

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