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.: Hertz Global Holdings Inc. fell 9.6 percent to $28.55. Nortel Inversora SA fell 8.1 percent to $19.70. SandRidge Permian ...

  • North Korea insults John Kerry over his looks
    North Korea insults John Kerry over his looks

    SEOUL, South Korea (AP) — In its latest personal attack on a prominent official from a rival country, North Korea on Wednesday called U.S. Secretary of State John Kerry a wolf with a "hideous lantern jaw."

  • Dow, S&P 500 end higher after Fed minutes

    NEW YORK (Reuters) - The Dow and the S&P 500 rose for a third straight session on Wednesday, with the S&P ending a hair under a record reached in late July as minutes from the Federal Reserve's July meeting showed the central bank remains accommodative. The Dow Jones industrial average rose 59.54 points or 0.35 percent, to end unofficially at 16,979.13. The S&P 500 gained 4.90 points or 0.25 percent, to finish unofficially at 1,986.51. But the Nasdaq Composite fell 1.03 points or 0.02 percent, to close unofficially at 4,526.48. (Reporting by Ryan Vlastelica; Editing by Jan Paschal)

  • Macy's to pay $650,000 in shopper-profiling probe
    Macy's to pay $650,000 in shopper-profiling probe

    The retailer Macy's has agreed to pay $650,000 to settle allegations of racial profiling at its flagship store in Manhattan's Herald Square. Under the agreement signed Tuesday with New York's attorney ...

  • Argentina bonds, peso reel on country's debt swap plan
    Argentina bonds, peso reel on country's debt swap plan

    By Hugh Bronstein and Alejandro Lifschitz BUENOS AIRES (Reuters) - Argentina's new plan to skirt U.S. The government has sent a bill to Congress that would replace its New York intermediary bank with state-run Banco Nacion, the latest move in a years-old legal chess game between Argentina and its "holdout" creditors who refused to participate in the restructuring. Argentina's black market peso reeled on the news, falling 2.0 percent to an all-time low 13.5 to the U.S. The legal deadlock is squeezing Argentina's foreign reserves and the availability of dollars in the market by preventing the economically ailing country from issuing international bonds.Last month, Argentina defaulted on an estimated $29 billion of its restructured debt after a New York court blocked an interest payment of $539 million.

  • Holder arrives in Ferguson after police shooting
    Holder arrives in Ferguson after police shooting

    CLAYTON, Mo. (AP) — U.S. Attorney General Eric Holder arrived in Ferguson Wednesday to meet with federal investigators and reassure residents of the suburban St. Louis community torn by several nights of racial unrest since the fatal shooting of a black 18-year-old by a white police officer.

  • Argentina defends plan to pay creditors outside US
    Argentina defends plan to pay creditors outside US

    BUENOS AIRES, Argentina (AP) — Argentina will make its next round of scheduled debt payments, the economy minister said Wednesday as he defended a new plan to pay creditors locally and avoid the jurisdiction of a U.S. court that forced the country into default last month.

  • Verizon still thinks you’re stupid
    Verizon still thinks you’re stupid

    One of the most difficult parts of getting a new phone is deciding which of the preinstalled bloatware apps might actually serve a purpose at some point in the future and which of the apps to delete. Android is most notorious for this practice, but we all have software on our phones that doesn’t belong there, which makes this report from The Information all the more baffling. FROM EARLIER: Verizon thinks you’re stupid According to The Information, Verizon is planning to launch its own mobile app store to compete with the Google Play store on Android devices. Verizon’s previous attempt at an app store failed to gain much traction, but now that Google has begun cutting back on revenue sharing with

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