2012 YEAR IN REVIEW

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  • Final Glance: Railroad companies

    Shares of some top railroad companies were down at the close of trading: CSX fell $.34 or 1.1 percent, to $31.72. Canadian National Railway Co. fell $1.07 or 1.5 percent, to $72.11. Canadian Pacific Railway ...

  • Nasdaq stocks posting largest percentage decreases

    A look at the 10 biggest percentage decliners on Nasdaq at the close of trading: Ascena Retail Group fell 16.8 percent to $13.75. VOXX International Corp. fell 11.3 percent to $9.45. Tesaro Inc. fell 9.0 ...

  • New U.S. tax rules chill 'inversion' deal-making; shares dive
    New U.S. tax rules chill 'inversion' deal-making; shares dive

    By Kevin Drawbaugh and Soyoung Kim WASHINGTON/NEW YORK (Reuters) - Tough new U.S. government rules on corporate "inversion" deals, aimed at making the tax-avoidance transactions less desirable, undermined share prices in nearly a dozen companies on both sides of the Atlantic on Tuesday. Analysts and tax lawyers were studying the damage to deals currently in the works and the outlook for future such deals, in which U.S. companies escape high taxes at home by shifting their domiciles abroad. ...

  • Airstrikes in Syria and Iraq are just the start
    Airstrikes in Syria and Iraq are just the start

    WASHINGTON (AP) — The one-two-three punch of American and Arab airstrikes against Islamic State militants in Syria and Iraq was just the beginning, President Barack Obama and other leaders declared Tuesday. They promised a sustained campaign showcasing a rare U.S.-Arab partnership aimed at Muslim extremists.

  • Fire destroys Michael Brown memorial in Ferguson
    Fire destroys Michael Brown memorial in Ferguson

    FERGUSON, Mo. (AP) — Anger spilled over Tuesday after fire destroyed one of two memorials on the street where Michael Brown was killed, a site that has become sacred to many in Ferguson and others nationwide focused on interactions between minorities and police.

  • Obama says global climate deal must include emerging economies

    By Valerie Volcovici UNITED NATIONS (Reuters) - U.S. President Barack Obama said on Tuesday a new global agreement on climate change must include strong commitments from emerging economies and move past the rich-poor country divide that has hampered progress in United Nations negotiations. Obama addressed the U.N. climate change summit with a statement meant to build political momentum for a global deal on climate change in 2015 and a list of commitments his administration has made to address. ...

  • Huge California mudslide may have been triggered by drought

    (Reuters) - California's three-year drought might have triggered Mount Shasta's worst mudslide in two decades which damaged hiking trails and forced two roads to close over the weekend, a national park spokeswoman said on Monday. Mud and debris began flowing down Mud Creek Canyon on the southeast side of Mt. Shasta, a 14,000-foot volcano about 50 miles south of the Oregon border, on Saturday afternoon and continued through the night, Shasta-Trinity National Park spokeswoman Andrea Capps said. ...

  • Arizona fugitive captured after months on run
    Arizona fugitive captured after months on run

    FLAGSTAFF, Ariz. (AP) — A former personal trainer who broke free from an Arizona jail by hoisting himself atop a basketball hoop and pulling apart a security fence is back in custody after months on the run, authorities said Tuesday.

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