2012 YEAR IN REVIEW

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  • NYSE stocks posting largest percentage increases

    A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.: Fortress Investment Group rose 8.7 percent to $6.93. Waters Corp. rose 8.6 percent to $105.92. Trinity Industries Inc. ...

  • From Kors to DVF, fashion mourns de la Renta
    From Kors to DVF, fashion mourns de la Renta

    NEW YORK (AP) — Fun, sunny, romantic. Oscar de la Renta approached fashion and life on those terms, but there was more, so much more, those who loved and admired the designer say.

  • Facebook sues lawyers for pursuing dubious Ceglia lawsuit

    By Jonathan Stempel NEW YORK (Reuters) - Facebook Inc and Chief Executive Mark Zuckerberg have sued several lawyers who represented Paul Ceglia, claiming they helped the upstate New York entrepreneur pursue a fraudulent lawsuit to extort a 50 percent stake in the social networking company. Monday's lawsuit was filed seven months after a federal judge dismissed Ceglia's civil case and two years after federal prosecutors in Manhattan charged Ceglia with criminal mail and wire fraud for alleged document forgery. Facebook's market value is now about $200 billion. ...

  • Coca-Cola announces growth plan as profit falls 14 percent
    Coca-Cola announces growth plan as profit falls 14 percent

    By Anjali Athavaley (Reuters) - Coca-Cola Co on Tuesday announced new cost-cutting measures and a timeline for selling its bottling operations after its quarterly profit slumped 14 percent and the world's largest beverage maker struggles to find growth amid a soft market for soda. The Atlanta-based company said it would hand back, or refranchise, about two-thirds of its North American bottling territories by the end of 2017, and a substantial portion of the remaining territories no later than 2020. ...

  • One American released from North Korea, two remain
    One American released from North Korea, two remain

    WASHINGTON (AP) — American detainee Jeffrey Fowle has been released from North Korea, nearly six months after he was taken into custody on charges of leaving a Bible in a nightclub, the State Department said Tuesday. Two other Americans who have been tried and convicted of crimes in North Korea are still being held.

  • Japan's justice minister undone by cheap paper fan
    Japan's justice minister undone by cheap paper fan

    TOKYO (AP) — In the heat of summer, they are ubiquitous in Japan: cheap paper fans, advertising this or that company or product, handed out at outdoor events or busy train stations. On Monday, they brought down a politician.

  • Consumed by Islamic State, Iraq's Anbar province a key battleground again

    By Ahmed Rasheed, Saif Hameed and Ned Parker BAGHDAD (Reuters) - In recent weeks, the world has watched the battle to save Syria’s border town of Kobani from Islamic State. But the radical jihadists have for longer been engulfing another strategically more vital target - Iraq’s western Anbar province and its road to Baghdad. The vast desert region - where Sunni tribes rose up in 2006 and 2007 to drive out al-Qaeda with the Americans - has throughout 2014 been parcelled up, city by military camp, before the Iraqi government and U.S. forces could act. ...

  • Australia poised to seize assets of corrupt Chinese: report

    Australia is poised to help China seize assets from corrupt officials and assist Beijing in extraditing economic fugitives, a report said Tuesday.

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