2012 YEAR IN REVIEW

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  • Business Highlights

    ___ Alibaba prices IPO at $68 per share Alibaba, the Chinese e-commerce powerhouse named after a fabled, poor woodsman who discovers a thieves' den full of treasures, is ready to strike it rich on the ...

  • Oracle's Ellison steps aside, co-CEOs Catz and Hurd take over
    Oracle's Ellison steps aside, co-CEOs Catz and Hurd take over

    By Noel Randewich and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) - Larry Ellison, co-founder and leader of Oracle Corp for almost four decades, stepped aside as chief executive on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, but stressed that nothing at the business software company will change. The move comes earlier than expected by many investors, and appears designed to address concerns about the company's direction under Ellison, 70, who has been the Oracle's only CEO in its 37-year history. ...

  • Police: Officers fatally shoot man near St. Louis
    Police: Officers fatally shoot man near St. Louis

    Officers shot and killed a man after he allegedly pointed a rifle at them in suburban St. Louis, the second fatal police shooting of a black suspect in the region since the August shooting of Michael Brown in Ferguson.

  • Sterling soars on Scottish vote, Asian shares rise

    By Lisa Twaronite TOKYO (Reuters) - The British pound rose sharply after the Scottish independence vote indicated Scotland would remain in the United Kingdom, while Wall Street's overnight gains and Alibaba Group's red-hot initial public offering underpinned Asian shares. Sterling was last up 0.6 percent at $1.6489 after rising as high as $1.6525, a marked turnaround from a 10-month low of $1.6051 touched just last week. Investors awaited final results, with figures so far indicating a solid win for the "No" camp. ...

  • Upgrade to iOS 8 now or wait?
    Upgrade to iOS 8 now or wait?

    Apple's iOS 8 software update for iPhones and iPads is worth getting — but not necessarily right away. Those with an older device, such as an iPhone 4s or an iPad 2, might want to wait to see whether others ...

  • Historic 'Ghost Ships' Discovered Near Golden Gate Bridge
    Historic 'Ghost Ships' Discovered Near Golden Gate Bridge

    The waters just west of San Francisco's Golden Gate Bridge hide a graveyard of sunken ships. By some estimates, there are 300 wrecks in the Gulf of the Farallones National Marine Sanctuary and the Golden Gate National Recreation Area alone. Marine archaeologists and researchers with the National Oceanic and Atmospheric Administration (NOAA) have set out to document those lost vessels. "We're looking at an area that was a funnel to the busiest and most important American port on the Pacific Coast," said James Delgado, director of Maritime Heritage for the Office of National Marine Sanctuaries. The wrecks in the Gulf of the Farallones span a huge chunk of history, from 1595 to the present.

  • Another financial crisis is inevitable: Martin Wolf
    Another financial crisis is inevitable: Martin Wolf

    Financial Times’ chief economics commentator, Martin Wolf, contends economic growth is still too closely tied to debt. Wolf’s new book, “The Shifts and the Shocks: What We’ve Learned—and Still Have to Learn—From the Financial Crisis,” looks at how dependent world economies remain on the creation of money and credit by financial institutions.

  • Kurds issue call to arms as Islamic State gains in Syria
    Kurds issue call to arms as Islamic State gains in Syria

    Islamic State fighters besieged a Kurdish city in northern Syria on Thursday after seizing 21 villages in a major assault, prompting a call to arms from Kurds in neighboring Turkey who urged followers to go and help resist the group's advance. The attack on the city of Ay al-Arab, known as Koran in Kurdish, came two days after the top U.S. military officer said the Syrian opposition would probably need the help of the Syrian Kurds to defeat Islamic State. ...

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