2012 YEAR IN REVIEW

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  • Alibaba is a phenom — just not in America
    Alibaba is a phenom — just not in America

    Even though it's a huge IPO, few Americans may ever shop at an Alibaba site.

  • North Korea powerful temptation for some Americans
    North Korea powerful temptation for some Americans

    SEOUL, South Korea (AP) — One shouted about God's love as he crossed a frozen river, clutching a Bible. Another swam, drunk and naked. Several U.S. soldiers dashed around land mines.

  • U.S. advisers may take forward positions in Iraq fighting
    U.S. advisers may take forward positions in Iraq fighting

    By Jeff Mason MACDILL AIR FORCE BASE Fla. (Reuters) - Some U.S. military advisers could end up in front-line positions in the fight against Islamic State militants, the White House said on Wednesday, although President Barack Obama vowed that America would not fight another ground war in Iraq. The House of Representatives gave a green light to a key plank of Obama's strategy against Islamic State, approving authorization for the Pentagon to train and arm moderate Syrian rebels to fight the radical Islamist militants. The legislation now goes to the Senate. ...

  • New al Qaeda wing in South Asia claims major attack
    New al Qaeda wing in South Asia claims major attack

    By Maria Golovnina ISLAMABAD (Reuters) - Al Qaeda's South Asia wing has claimed responsibility for hijacking a Pakistani naval ship and trying to use it to fire rockets at U.S. vessels in the Arabian Sea, in the first major assault by the newly created group. The SITE monitoring service quoted its spokesman, Usama Mahmoud, as saying a group of militants had succeeded in seizing control of the Pakistani frigate PNS Zulfiqar and tried to use it to attack nearby U.S. vessels. ...

  • Netanyahu rival shocks Israel with sudden plan to quit cabinet
    Netanyahu rival shocks Israel with sudden plan to quit cabinet

    Israel's interior minister, seen as a rival and potential successor to Prime Minister Benjamin Netanyahu, announced on Wednesday he was quitting the government, in a move that stunned the political right. Gideon Sa'ar, 47, widely viewed as a favorite to one day challenge Netanyahu for the leadership of the ruling Likud, told party faithful that he would step down from both the cabinet and parliament after the Jewish New Year later this month.

  • House grudgingly approves arms for Syrian rebels
    House grudgingly approves arms for Syrian rebels

    WASHINGTON (AP) — The Republican-controlled House voted grudgingly Wednesday to give the administration authority to train and arm Syrian rebels as President Barack Obama emphasized anew that American forces "do not and will not have a combat mission" in the struggle against Islamic State militants in either Iraq or Syria.

  • Boeing's 'space taxi' includes seat for a tourist
    Boeing's 'space taxi' includes seat for a tourist

    By Irene Klotz CAPE CANAVERAL Fla. (Reuters) - Boeing Co's proposal to develop a so-called space taxi for NASA astronauts includes a seat for paying tourists to fly to the International Space Station, the company's program manager said on Wednesday, a first for a U.S. space program. The $4.2 billion, five-year contract allows Boeing to sell rides to tourists, Boeing Commercial Crew Program Manager John Mulholland told Reuters, adding that the price would be competitive with what the Russian space agency now charges to fly tourists to the orbital outpost. ...

  • Tycoon buys 30 Rolls-Royces for Macau hotel
    Tycoon buys 30 Rolls-Royces for Macau hotel

    HONG KONG (AP) — A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he's building in the global gambling capital of Macau.

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