Cliff fight may knock out December rally

NEW YORK (Reuters) - In normal times, next week's slew of U.S. economic data could be a springboard for a December rally in the stock market. December is historically a strong month for markets. The S&P 500 has risen 16 times in the past 20 years during the month. But the market hasn't been operating under normal circumstances since November 7 when a day after the U.S....

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Palestinians win de facto U.N. recognition of sovereign state

UNITED NATIONS (Reuters) - The 193-nation U.N. General Assembly on Thursday overwhelmingly approved the de facto recognition of the sovereign state of Palestine after Palestinian President Mahmoud Abbas called on the world body to issue its long overdue "birth certificate." The U.N. victory for the Palestinians was a diplomatic setback for the United States and Israel, which were joined...

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The X Factor Announces Top 6

TV Watch The X Factor 11/29/2012 at 09:40 PM EST From left; Demi Lovato, Britney Spears and Simon Cowell FOX Mario Lopez called the first elimination on Thursday's The X Factor a "bit of a shocker."And so was the second. The top eight contestants sang No. 1 hits...

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Clinton releases road map for AIDS-free generation

WASHINGTON (AP) — In an ambitious road map for slashing the global spread of AIDS, the Obama administration says treating people sooner and more rapid expansion of other proven tools could help even the hardest-hit countries begin turning the tide of the epidemic over the next three to five years."An AIDS-free generation is not just a rallying cry — it is a goal that is within our reach," Secretary...

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Shares edge lower as U.S. budget talks stall

LONDON (Reuters) - Concerns about the deadlock in crucial U.S. budget talks capped gains in world equity markets on Friday, while falling yields on Spanish and Italian bonds kept the euro near a one-month high. Markets are on edge over the lack of progress by political leaders in Washington as a failure to resolve their differences by year-end would trigger automatic spending cuts and...

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Egypt assembly seeks to wrap up constitution

CAIRO (Reuters) - The assembly writing Egypt's constitution said it could wrap up a final draft later on Wednesday, a move the Muslim Brotherhood sees as a way out of a crisis over a decree by President Mohamed Mursi that protesters say gives him dictatorial powers. But as Mursi's opponents staged a sixth day of protests in Tahrir Square, critics said the Islamist-dominated assembly's...

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Facebook exec says company is reducing spam despite clogging your feed with brands you don’t like

Recent changes to Facebook’s (FB) Edgerank, the algorithm that’s responsible for displaying items on a user’s Newsfeed, have angered privacy groups who say the new policy will actually produce more spam than reducing it. According to Forbes’ Jeff Bercovici, Facebook’s VP of global marketing solutions Carol Everson said on Tuesday that the social network is reducing spam...

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Angus T. Jones Is Not Leaving Two and a Half Men: Source

TV Watch By Elizabeth Leonard 11/28/2012 at 07:50 PM EST The Half is back! Ever since Angus T. Jones bashed Two and a Half Men in a now-viral video, it begged the question: Will the 19-year-old actor return to the hit show? If he has it his way, he will. "Angus expects to report to work after the holiday break...

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Simple measures cut infections caught in hospitals

CHICAGO (AP) — Preventing surgery-linked infections is a major concern for hospitals and it turns out some simple measures can make a big difference.A project at seven big hospitals reduced infections after colorectal surgeries by nearly one-third. It prevented an estimated 135 infections, saving almost $4 million, the Joint Commission hospital regulating group and the American College of Surgeons...

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U.S. budget deal hopes buoy global shares and commodities

LONDON (Reuters) - World shares hit three-week peaks and commodities were also higher on Thursday as comments from a senior U.S. lawmaker raised hopes of a budget deal by year-end to avoid a fiscal crisis in the world's biggest economy. With Asian shares higher and the FTSEurofirst 300 index <.fteu3> of top European shares adding 0.5 percent when trading opened, the MSCI global...

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