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 the close of trading: Bankrate Inc. fell 13.7 percent to $11.92. Noranda Aluminum Holdings Corp. fell 8.3 percent to $5.16. Douglas ...

  • Business Highlights

    ___ 'Minecraft' could boost Microsoft's mobile reach Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile ...

  • Police: 6 hurt in shooting outside Alaska bar
    Police: 6 hurt in shooting outside Alaska bar

    Police say six people were injured, one critically, in a shooting outside a bar in Alaska, and the suspects remain at large. A group of family members and friends was outside the Kodiak Bar and Grill in ...

  • At summit against Islamic State, leaders pledge to take 'all means necessary'
    At summit against Islamic State, leaders pledge to take 'all means necessary'

    The pledge of 26 foreign ministers in Paris today to combat the self-declared Islamic State with “all means necessary” gives an important boost to the international efforts to dismantle the militant group that is imposing its will on large parts of Syria and Iraq. “It shows a political will to tackle [the extremists] collectively,” says Yves Boyer, associate director of the French think tank Foundation for Strategic Research, which he says is crucial for legitimacy. The United States has been seeking such international backing since President Obama unveiled his plans to counter IS extremists, who have now beheaded three Westerners, including two American journalists and, most recently, a British aid worker. Despite the political risks of following the US into the conflict, European governments have spoken urgently about the need to act against Islamic State militants, in no small part because many of the IS fighters are Europeans and, leaders say, represent a threat to European security.

  • Don't Underestimate Smartwatches
    Don't Underestimate Smartwatches

    It's important to understand that like the iPhone before it, the Apple Watch isn't at all what its name would imply. Just as smartphones have become supercomputers in our pockets, the Apple Watch and its many competitors, including Android-powered devices from Motorola and Samsung Electronics, are poised to become something more. "There's so much [the Apple Watch] can do that we haven't really even talked about," Tim Cook told USA Today on the day of the announcement. When a company like Google or Apple deliberately creates a place for other companies to sell their own, complementary wares, it is called a platform.

  • Iran rejects US-led coalition against jihadists
    Iran rejects US-led coalition against jihadists

    Tehran (AFP) - Iran said Monday it rejected a US request for its cooperation against the jihadist Islamic State as part of an international coalition whose true aim Tehran sees as regime change in Syria.

  • 'Zombie' homes haunt Florida neighborhoods

    Neighborhoods devastated by thousands of abandoned homes as banks fail to follow through on foreclosures.

  • Once-troubled reverse mortgages poised for rebound
    Once-troubled reverse mortgages poised for rebound

    WASHINGTON (AP) — Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions.

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