2012 YEAR IN REVIEW

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  • World of Warcraft may soon be a job-related skill
    World of Warcraft may soon be a job-related skill

    More and more young people want to list new pursuits like World of Warcraft, Minecraft and fantasy baseball on their resumes but will it catch on?

  • Bank of America settles mortgage probes for $16.65 billion
    Bank of America settles mortgage probes for $16.65 billion

    Bank of America Corp has reached a $16.65 billion settlement with U.S. The settlement announced on Thursday by the U.S. It is expected to resolve the vast majority of the Charlotte, North Carolina-based bank's remaining liabilities tied to its purchases of Countrywide Financial Corp, once the nation's largest mortgage lender, and Merrill Lynch & Co. "This historic resolution - the largest such settlement on record - goes far beyond 'the cost of doing business,'" U.S. Bank of America said the accord is expected to reduce third-quarter earnings by about $5.3 billion before taxes, or about 43 cents per share after taxes.

  • Target cuts forecast as it woos back customers with more discounts

    Target Corp cut its full-year earnings forecast as it offers more discounts to attract cash-strapped customers and win over shoppers unnerved by a massive holiday-season data breach. Target's shares rose 1 percent to $59.81 in noon trading. On top of that, Target has run up big losses in Canada, where its ambitious expansion has stumbled due to supply chain issues and a backlash from customers who had expected prices to be more in line with those in the United States. Target's same-store sales have either declined or failed to show growth in the past six quarters.

  • Violence, threats, prompt more Muslim women in Britain to wear a veil

    By Belinda Goldsmith and Olivia Harris LONDON (Reuters) - When youth worker Sumreen Farooq was abused in a London street, the 18-year-old decided it was time to take a stand - and she started to wear a headscarf. Farooq is one of many young Muslim women living in Britain who have, for various reasons, chosen to adopt the headscarf to declare their faith to all around them, despite figures showing rising violence against visibly identifiable Muslims. For despite a common view that young Muslim women are forced to wear veils by men or their families, studies and interviews point to the opposite in Muslim minority countries where it is often the case that the women themselves choose to cover up. "I'm going to stand out whatever I do, so I might as well wear the headscarf," said Farooq, a shop assistant who also volunteers at an Islamic youth centre in Leyton, east London.

  • 2,800-Year-Old Zigzag Art Found in Greek Tomb
    2,800-Year-Old Zigzag Art Found in Greek Tomb

    The scientists found several pottery vessels beside the sarcophagus, and the tomb also contained a niche, sealed with a limestone slab, which held 13 mostly complete vessels. "The wealth of the occupant here is indicated by the sarcophagus and the large number of vessels," writes a team of researchers in a recent issue of the journal Hesperia.

  • Oakland Reverses 80-Year Ban on Pinball Machines, Celebrates With Monthlong Tournament
    Oakland Reverses 80-Year Ban on Pinball Machines, Celebrates With Monthlong Tournament

    Not since the fictional town of Bomont in the movie "Footloose" lifted its ban on dancing have more people rejoiced in in their freedom of entertainment than in Oakland, California, where just last month an 80-year ban on the public use of pinball machines was removed. Yes, pinball machines. Back in the 1930s, the Bay Area city laid down the law prohibiting the machines because they were being used for illegal gambling.

  • Iceland evacuates area north of rumbling volcano

    Iceland's civil protection agency has decided to evacuate an area north of the country's Bardarbunga volcano, saying it could not rule out an eruption. The move came after authorities on Monday warned airlines about increased seismic activity at Iceland's largest volcanic system. Ash from the eruption of Iceland's Eyjafjallajokull volcano in 2010 shut down much of Europe's airspace for six days. "It cannot be ruled out that the seismic activity in Bardarbunga could lead to a volcanic eruption." All roads leading into the mostly uninhabited area were closed earlier in the week.

  • 14 ads that changed the world
    14 ads that changed the world

    Take a look at some ads that have shaped our culture.

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