2012 YEAR IN REVIEW

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  • Fannie Mae slashes forecast for new-home market over past year

    Mortgage-finance giant Fannie Mae grew a bit more optimistic this month about sales of new homes, but the company has slashed its outlook over the past year.

  • Amid sanctions, France in warship sale to Russia
    Amid sanctions, France in warship sale to Russia

    France says it will go ahead with the sale of a warship to Russia despite calls for an arms embargo against the country, highlighting how Europe's strong business ties are hindering its ability to punish Moscow over the crisis in Ukraine.

  • FAA lifts ban on US flights to Tel Aviv airport
    FAA lifts ban on US flights to Tel Aviv airport

    WASHINGTON (AP) — The Federal Aviation Administration lifted its ban Wednesday on U.S. flights in and out of Israel, which the agency had imposed out of concern for the risk of planes being hit by Hamas rockets.

  • Iran's supreme leader calls for end to 'murderous' Israeli regime

    Iran's supreme leader Ayatollah Ali Khamenei on Wednesday called for a referendum canvassing the Arabs and Jews that live in Israel in order to end the "Zionist state", but said until such a vote could be held, armed resistance was necessary. Khamenei and his predecessor the Ayatollah Rouhollah Khomeini have called repeatedly over the years for an end to the Jewish state, including through a referendum in the region, where Palestinians are in the majority. In his first official comments on Israel since the start of its offensive on the Gaza Strip on July 8, Khamenei reiterated the call. Until then, Khamenei said, "while waiting for an end to this cold-blooded murderous regime, mighty armed resistance is the only way to deal with it." Khamenei made clear for the first time that he was talking about the dismantling of the state of Israel, not the death of Jews.

  • As Cereal Slips, a New Battle Over Breakfast Dollars
    As Cereal Slips, a New Battle Over Breakfast Dollars

    Starved for growth at other mealtimes, companies like Yum Brands Inc., Burger King Worldwide Inc. and Kellogg Co. are battling to change how Americans start their day. "People are time-pressed in the morning and know exactly where they're going, and that doesn't vary much," said Alex Macedo, Burger King's North American president, in a recent interview. Of consumers who eat out at least twice a week, 30% say they do so for breakfast, compared with 40% for lunch and 50% for dinner, according to Bernstein.

  • Pity the poor Russian billionaire; Putin’s costing them billions
    Pity the poor Russian billionaire; Putin’s costing them billions

    How are Russian oligarchs affected by U.S. sanctions? Bloomberg's Rob LaFranco explains in the video above.

  • Thousands attend tense pro-Gaza march in Paris
    Thousands attend tense pro-Gaza march in Paris

    PARIS (AP) — Days after two banned pro-Gaza protests degenerated into violence, several thousands of demonstrators marched Wednesday through Paris under the eye of hundreds of riot police, this time in a legal protest.

  • Intelligence picture 'implicates Russia,' official says
    Intelligence picture 'implicates Russia,' official says

    The United States detected the launch of the “specific missile” that brought down Malaysia Airlines Flight 17 last week, a senior administration official told reporters on Tuesday.

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