2012 YEAR IN REVIEW

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  • Wall Street hammered, Dow closes down more than 300 points
    Wall Street hammered, Dow closes down more than 300 points

    Stocks got hammered on Thursday, with the Dow Jones Industrial Average falling as much as 300 points before recovering slightly near the closing bell.

  • Ebola-infected doctor's extraordinary sacrifice
    Ebola-infected doctor's extraordinary sacrifice

    Even from his own sickbed, Dr. Kent Brantly continues to put the well-being of others before his own.

  • 2 women survive ordeal along Indiana rail bridge
    2 women survive ordeal along Indiana rail bridge

    BLOOMINGTON, Ind. (AP) — A video camera captured the terrifying plight of two women as a freight train bore down on them as they walked along an 80-foot-high railroad bridge in Indiana.

  • Israel, Palestinian militant groups begin three-day Gaza truce

    By Nidal al-Mughrabi GAZA/JERUSALEM (Reuters) - A three-day ceasefire between Israel and Palestinian militant groups in the Gaza Strip went into effect on Friday and appeared to be holding, with negotiators due to travel to Cairo to discuss a longer-term solution. The 72-hour break announced in a joint statement by U.S. Secretary of State John Kerry and U.N. Secretary-General Ban Ki-moon was the most ambitious attempt so far to end more than three weeks of fighting, and followed mounting international alarm over a rising Palestinian civilian death toll. After the truce began at 1 a.m. EDT (0500 GMT), Gaza's streets began to fill with Palestinian families. In Israel, sirens that have sent tens of thousands running for shelter daily fell silent.

  • Airbus adamant no room for more talks in cancelled Japan jet deal
    Airbus adamant no room for more talks in cancelled Japan jet deal

    Airbus on Thursday said its decision to cancel a $2.2 billion jet order from Skymark Airlines was final, rejecting the Japanese carrier's suggestion that talks were still ongoing. The European aircraft maker said this week it had informed Skymark that its purchase of six A380 superjumbos "has been terminated", just hours after the airline said it was still locked in tough negotiations. Skymark's Tokyo-listed shares plunged in the wake of Airbus announcement, wiping out a quarter of its market value -- amounting to about $64 million -- in just two sessions. A spokesman for the European firm's Tokyo unit told AFP Thursday: "We will not talk about the issue of the shipment anymore, as we have cancelled the order." He added that Airbus would now be working on a compensation package over the failed deal, which was signed three years ago.

  • Sierra Leone declares emergency as Ebola death toll hits 729
    Sierra Leone declares emergency as Ebola death toll hits 729

    By Umaru Fofana FREETOWN (Reuters) - Sierra Leone declared a state of emergency and called in troops to quarantine Ebola victims on Thursday, joining neighbouring Liberia in imposing tough controls as the death toll from the worst-ever outbreak of the virus hit 729 in West Africa. The World Health Organisation said it was in urgent talks with donors and international agencies to deploy more medical staff and resources to one of the world's poorest regions. The WHO reported 57 new deaths between July 24 and July 27 in Guinea, Liberia, Sierra Leone and Nigeria. Authorities in Nigeria, which recorded its first Ebola case last week when a U.S. citizen died after arriving on a flight from Liberia, said all passengers travelling from areas at risk would be temperature-screened for the virus.

  • John Kerry's passage to India. Why is he going now?

    After a bruising week of shuttle diplomacy that failed to broker a cease-fire to the Gaza conflict, Mr. Kerry landed yesterday in India for two days of talks with the new Narendra Modi government. It’s the first visit of a high ranking US official to India since Prime Minister Modi and his right-wing Bharatiya Janata Party (BJP) swept to a landslide victory in May, and is designed to pave the way for the Indian leader's visit to the United States in September.  He will need to assuage hurt feelings over revelations that the NSA spied on the BJP, and also press India over its holdup of new global trade regulations. “The catechism of an 'indispensable partnership' with India that US Secretary of State John Kerry repeated during [a speech before he arrived in New Delhi] cannot cover up the loss of faith that has crept into the relationship between the two countries,” wrote Siddharth Varadarajan, a senior fellow at the Centre for Public Affairs in New Delhi in a column in India’s NDTV.

  • Obama to GOP: 'Stop just hating all the time'
    Obama to GOP: 'Stop just hating all the time'

    KANSAS CITY, Mo. (AP) — Pointing the finger at Republicans for congressional inaction, President Barack Obama chided lawmakers Wednesday for spending the waning days before their month-long summer break trying to sue him rather than addressing economic issues that could boost the middle class.

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