2012 YEAR IN REVIEW

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  • Business Highlights

    ___ Alibaba stock soars in jubilant trading debut Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited ...

  • Thousands of Syrian Kurds flee to Turkey as Islamic State advances

    By Daren Butler SURUC Turkey (Reuters) - Tens of thousands of Syrian Kurds have crossed into Turkey in the past 24 hours, fleeing an advance by Islamic State fighters who have seized dozens of villages close to the border and are advancing on a Syrian town. Turkey opened a stretch of the frontier on Friday after Kurdish civilians fled their homes, fearing an imminent attack on the town of Ayn al-Arab. Islamic State is now within 15 km (9 miles) of the town, also known as Kobani, according to a Kurdish commander on the ground. ...

  • Body of Texas sheriff's deputy found in lake
    Body of Texas sheriff's deputy found in lake

    Divers found the body of a missing Central Texas sheriff's deputy Friday, a day after her patrol car was found swamped by floodwaters minutes after she radioed for help while checking flooded low-water crossings.

  • Rival Ukraine forces ready pullback under new peace plan
    Rival Ukraine forces ready pullback under new peace plan

    Kiev (AFP) - Ukrainian forces and pro-Russian militias were due Saturday to pull back their troops from a demilitarised zone created under a new peace plan agreed in marathon overnight talks.

  • As G20 chases growth goal, members differ on how to get there

    By Lincoln Feast and Gernot Heller CAIRNS Australia (Reuters) - Financial leaders of the Group of 20 top economies remain committed to chasing higher global growth, but were divided on how to achieve it as Germany pushed back at calls from the United States and others for more immediate stimulus. Opening a meeting of G20 finance ministers and central bankers, Australian Treasurer Joe Hockey outlined on Saturday an ambitious agenda of boosting world growth, fireproofing the global banking system and closing tax loopholes for giant multinationals. ...

  • Other automakers to challenge Tesla in over-the-air software upgrades

    By Bernie Woodall DETROIT (Reuters) - Electric carmaker Tesla Motors Inc on Friday announced it is rolling out a software upgrade over-the-air to its current Model S owners, a unique ability that other automakers are expected to offer within a few years. Tesla, based in Silicon Valley, has completed more than a dozen over-the-air software upgrades since the Model S was first sold in mid-2012, said Egil Juliussen, director of research for automotive electronic technology for IHS Automotive. ...

  • Canada's largest Cold War-era fighting ships retiring
    Canada's largest Cold War-era fighting ships retiring

    Ottawa (AFP) - The largest fighting ships in Canada's fleet are being decommissioned, the navy announced Friday, leaving a hole in its maritime defenses as replacements won't be ready for at least five years.

  • This is why the middle class can't get ahead
    This is why the middle class can't get ahead

    We're barely halfway through an income depression that has degraded middle-class living standards.

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