2012 YEAR IN REVIEW

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  • Sears to close stores, lay off about 5,500: Seeking Alpha
    Sears to close stores, lay off about 5,500: Seeking Alpha

    (Reuters) - Sears Holdings Corp is shuttering more than 100 stores and laying off at least 5,457 employees, investor website Seeking Alpha reported on Thursday, indicating the struggling retailer may be stepping up store closures. Sears said in August it had closed 96 stores in the six months since February and planned to close a total of 130 underperforming stores during the full fiscal year. It added at the time that it may shutter additional stores beyond the 130 target. ...

  • NY, NJ order Ebola quarantine for doctors, others
    NY, NJ order Ebola quarantine for doctors, others

    NEW YORK (AP) — Mayor Bill de Blasio (dih BLAH'-zee-oh) says a team of disease detectives tracking the movements of a New York City doctor diagnosed with Ebola will soon detail their findings.

  • Russia still has troops in Ukraine, NATO says

    By Adrian Croft MONS Belgium (Reuters) - Russia still has troops in eastern Ukraine and retains a very capable force on the border despite a partial withdrawal, NATO's military commander said on Friday. "We've seen a pretty good withdrawal of the Russian forces from inside Ukraine but, make no mistake, there remain Russian forces inside eastern Ukraine," U.S. Air Force General Philip Breedlove told reporters at NATO's military headquarters near Mons in Belgium. Some Russian troops stationed near the Ukraine border had left and others appeared to be preparing to leave. ...

  • Honda executives take pay cut after fifth Fit hybrid recall

    By Chang-Ran Kim TOKYO (Reuters) - Honda Motor Co said on Thursday its president and 12 other executives would take an unprecedented, quality-related pay cut after the Japanese automaker announced the fifth recall in a year of its new Fit hybrid model. The recall, which covers 425,825 Fit hybrid vehicles and other models in Japan, comes as Honda is facing lawsuits due to accidents involving airbags supplied by Takata Corp . The airbags have been linked to four deaths - all on Hondas - and have triggered a multi-million vehicle recall by many automakers worldwide. ...

  • 'We won't pay,' furious Cameron tells EU over surprise bill

    By Alastair Macdonald BRUSSELS (Reuters) - In a vivid display of fury at European Union technocrats, British Prime Minister David Cameron refused to pay a surprise 2.1-billion-euro (1.65 billion pounds) bill on Friday as EU leaders ordered an urgent review of the calculations used. Eurosceptics at home branded the EU a "thirsty vampire" for seeking an additional, immediate sum worth a seventh of London's annual payment following a major statistical review of national incomes. Cameron demanded action from fellow leaders at a summit, calling the sudden bill "completely unacceptable". Cameron told reporters Italian Prime Minister Matteo Renzi lambasted "bureaucrats without a heart", who made it harder to fend off the attacks of Eurosceptics.

  • Putin accuses US of undermining global stability
    Putin accuses US of undermining global stability

    MOSCOW (AP) — President Vladimir Putin of Russia said Friday that the world is becoming an increasingly dangerous place because of U.S. attempts to enforce its will on other countries and that his nation will not comply.

  • Google exec makes record skydive from edge of space
    Google exec makes record skydive from edge of space

    A Google executive set a new record Friday by jumping successfully from near the top of the stratosphere -- some 135,000 feet, or 41,000 meters high, his project website said. The record dive by 57-year-old Alan Eustace, who is a "senior vice president of knowledge" at Google, was conducted as part of the Stratospheric Explorer project to allow manned exploration of the stratosphere above 100,000 feet. According to a statement from the Paragon Space Development Corporation, Eustace completed the four-hour mission over Roswell, New Mexico, using a specially designed space suit and balloon module to carry him to the stratosphere. "He spent a short time, around a half hour, experiencing the wonders of the stratosphere before being released from the balloon.

  • Freescale Semiconductor posts 3Q profit

    On a per-share basis, the Hamilton, Bermuda-based company said it had net income of 40 cents. Earnings, adjusted for one-time gains and costs, came to 49 cents per share. The results topped Wall Street ...

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