2012 YEAR IN REVIEW

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  • New Cosby show could debut as soon as next summer

    BEVERLY HILLS, Calif. (AP) — Bill Cosby could be returning to the network with a new comedy as soon as next summer.

  • Space station shipment launched from Virginia
    Space station shipment launched from Virginia

    CAPE CANAVERAL, Fla. (AP) — A commercial cargo ship rocketed toward the International Space Station on Sunday, carrying food, science samples and new odor-resistant gym clothes for the resident crew.

  • Putin, Kirchner seek 'multipolarity' in Argentina visit
    Putin, Kirchner seek 'multipolarity' in Argentina visit

    Russian President Vladimir Putin and his Argentine counterpart Cristina Kirchner called for a multipolar world order as Moscow sought to boost ties with Latin America amid heightened East-West tensions. Putin is on a six-day tour seeking to increase Moscow's influence in the region at a time when the Ukraine crisis has eroded Russia's relations with the United States and Europe to their lowest point since the Cold War. His itinerary includes meetings with a string of leftist leaders critical of the United States and a summit of the BRICS group of emerging countries -- an agenda that neatly aligns with his push for a multipolar world less dominated by the West.

  • U.S., Iran say disputes remain in nuclear talks as deadline looms

    By John Irish and Lesley Wroughton VIENNA (Reuters) - U.S. Secretary of State John Kerry said on Sunday major differences persist between Iran and six world powers negotiating on Tehran's nuclear program, with a week to go before a deadline for a deal. The United States, Britain, France, Germany, Russia and China want Iran to reduce its nuclear fuel-making capacity to deny it any means of quickly producing atom bombs. In exchange, international sanctions that have crippled the large OPEC member's oil-dependent economy would gradually be lifted. Iran says it is enriching uranium for peaceful energy purposes only and wants the sanctions removed swiftly.

  • Palestinians flee north Gaza after Israel warning
    Palestinians flee north Gaza after Israel warning

    GAZA CITY, Gaza Strip (AP) — Israel briefly deployed troops inside the Gaza Strip for the first time early Sunday as some 4,000 people fled southward from the northern part of the territory in the face of Israeli threats to step up attacks there.

  • As some high-risk assets take a hit, investors fear worse is to come

    World financial markets became reacquainted with fear last week, and even if it was short-lived, the ructions in some riskier assets looked to some like a precursor to a much rougher ride down the road. Concerns that Portugal’s largest listed bank, Banco Espirito Santo was badly exposed to its owners’ accounting problems raised eyebrows in Europe and the U.S., getting investors to ask whether there were more shoes to drop in European banking. Examples included the halt in trading in the stock of a company, Cynk Technology, with no assets or revenue, that had soared to a $6.4 billion market value, and the sudden collapse of Spanish wireless provider Gowex after a massive accounting fraud. Add in the big reversal in fortunes for some companies who recently did U.S. IPOs, plus Puerto Rico's increasingly troubled debt picture, and it was tempting to remember Warren Buffett’s old saying: “Only when the tide goes out do you discover who’s been swimming naked.” Billionaire investor Carl Icahn said he has become very wary.

  • Anybody home? Pacific island of Niue hit by exodus
    Anybody home? Pacific island of Niue hit by exodus

    ALOFI, Niue (AP) — It was a school once, but there are no children here anymore. The lonely building on this remote Pacific island now contains only a punching bag that someone has strung from the classroom rafters, and a note scrawled on the chalkboard in Niuean: "Keep this place clean," it says, "so it stays beautiful."

  • Political novice wins power in Slovenia, hints at revisiting economic reform plan

    By Marja Novak and Zoran Radosavljevic LJUBLJANA (Reuters) - Center-left political novice Miro Cerar led his party to victory in Slovenia's election on Sunday, indicating he would rewrite a reform package agreed with the European Union to fix the euro zone member's depleted finances. The result will test investor nerves, given Cerar's hostility to some of the big-ticket privatizations that the EU says are key to a long-term fix for Slovenia, which narrowly avoided having to seek an international bailout for its banks last year. The center-right SDS party was in second place with 20.6 percent and a string of smaller center-left parties also won seats and were lining up to join Cerar in government. Success for Cerar, whose gymnast father was one of Slovenia's greatest ever sportsmen, is punishment by voters for the traditional parties, tarnished by corruption scandals and years of economic turmoil in the ex-Yugoslav republic.

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