2012 YEAR IN REVIEW

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  • Nasdaq stocks posting largest percentage decreases

    A look at the 10 biggest percentage decliners on Nasdaq at 1 p.m.: Conn's Inc. fell 30.0 percent to $31.38. RiceBran Tech fell 20.1 percent to $5.31. Alder BioPharm fell 16.1 percent to $14.29. Dehaier ...

  • Eric Cantor Gets Three Million Reasons to Go to Wall Street
    Eric Cantor Gets Three Million Reasons to Go to Wall Street

    According to Business Insider, Cantor will be receiving a pay package in the upwards of $3 million: Just weeks after being rejected by voters, former House Majority Leader Eric Cantor has reportedly landed a job at the investment firm Moelis & Co. Cantor will join the investment bank as a "vice chairman and board member at the firm, effective this week," according to the Wall Street Journal.  The hire was announced on Labor Day joint interview with Cantor and Moelis & Co. founder Ken Moelis. Unsurprisingly, there was not a ton of diversity in the tone of the responses to Cantor's new gig: No way! Who could have imagined that Eric Cantor would find work as an investment banker?

  • Police begin wearing cameras in US protest town
    Police begin wearing cameras in US protest town

    Police in the US town roiled by protests after the fatal shooting of an unarmed black teenager are now wearing body cameras in a bid to calm local anger, a news report said. More than 1,000 protesters again marched Saturday in the town of Ferguson, Missouri, over the August 9 killing of Michael Brown, 18, at the hands of a white police officer. Ferguson police began wearing the cameras on Saturday, according to the St. Louis Post-Dispatch, quoting the town's police chief Tom Jackson as saying the force -- which is overwhelmingly white -- was donated about 50 body cameras by two companies.

  • World 'losing battle' to contain Ebola
    World 'losing battle' to contain Ebola

    International medical agency Medecins sans Frontieres said Tuesday the world was "losing the battle" to contain Ebola as the United Nations warned of severe food shortages in the hardest-hit countries. MSF told a UN briefing in New York that world leaders were failing to address the epidemic and called for an urgent global biological disaster response to get aid and personnel to west Africa. Leaders are failing to come to grips with this transnational threat," said MSF international president Joanne Liu. "The (World Health Organization) announcement on August 8 that the epidemic constituted a 'public health emergency of international concern' has not led to decisive action, and states have essentially joined a global coalition of inaction."

  • Microsoft's Operating System Strategy Isn't Going According to Plan
    Microsoft's Operating System Strategy Isn't Going According to Plan

    Microsoft isn't having a great Tuesday. According to new data released Tuesday by StatCounter, 24 percent of all PCs connected to the Internet still use the antiquated operating system. Here's the StatCounter report on OS changes worldwide over the past year, showing Windows 8.1 nudging past Windows 8 as Windows XP slowly declines: StatCounter

  • Defending arming of Kurds, Merkel calls Islamic State a threat to Europe
    Defending arming of Kurds, Merkel calls Islamic State a threat to Europe

    By Noah Barkin BERLIN (Reuters) - German Chancellor Angela Merkel defended her government's taboo-breaking decision to send arms to Kurds fighting Islamic State militants in Iraq, telling parliament on Monday that the group posed a major security threat to Germany and Europe. A day after Berlin announced it would send anti-tank rockets, assault rifles and hand grenades to the Kurds, Merkel said Germany had a responsibility to intervene in the conflict to prevent a humanitarian catastrophe in Iraq, citing evidence of ethnic cleansing by Islamic State fighters.

  • Israel raises alarm over Islamist militants on its frontiers
    Israel raises alarm over Islamist militants on its frontiers

    By Luke Baker JERUSALEM (Reuters) - Israel's frontier with Syria, where militants have kidnapped 45 U.N. peacekeepers, has become a magnet for Islamist activity and Israel itself is now a target, the defense minister and security analysts said on Tuesday. The Nusra Front, an al-Qaeda-linked group fighting Syrian President Bashar al-Assad, has established a major presence in the region, analysts said, and is poised to carry out attacks across the barren borderlands where Syria, Israel and Jordan converge. Iran meanwhile is seeking to expand its influence in the region via its support for Assad and the Lebanese militant group Hezbollah, all of which are allied against the Sunni insurgency confronting Assad, Israeli Defense Minister Moshe Yaalon said. "Iran's fingerprints can be seen in Syria, including in the Golan Heights, in attempts to use terror squads against us," Yaalon told an economic conference as he set out the combined threat from Islamist groups in Syria.

  • Video purports to show beheading of U.S. journalist
    Video purports to show beheading of U.S. journalist

    An Internet video purports to show the beheading of U.S. journalist Steven Sotloff by the Islamic State group.

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