Doug Mills/The New York TimesPresident Obama spoke to members of the Business Roundtable in Washington on Wednesday. WASHINGTON — President Obama warned Republicans on Wednesday not to use the debt ceiling as leverage on spending and tax decisions, saying he refused to engage again in the sort of brinkmanship that brought the country close to default last year and damaged its credit rating. ...
Dec
04
Time Warner CEO says consumers benefit from cable TV bundling
Label: World Consumers may want to pick and choose what channels they pay for but Time Warner Inc. Chairman and Chief Executive Jeff Bewkes...
NASA Announces New Twin Rover for Curiosity Launching to Mars in 2020
Label: Technology SAN FRANCISCO — NASA’s Curiosity rover is getting a younger brother. A new robotic probe made mostly out of Curiosity’s spare parts and systems will be launched to Mars in 2020 and begin exploring the planet.“The new science rover builds off the tremendous success from Curiosity and will have new instruments,” said NASA associate administrator of science John Grunsfeld during a completely...
Disney loses appeal of “Who Wants to Be a Millionaire?” ruling
Label: LifestyleLOS ANGELES (Reuters) – The Walt Disney Co. was ordered to pay the British creator of the television game show “Who Wants to be a Millionaire?” $ 319 million after a Los Angeles court rejected the company’s request for a new trial.Britain’s Celador International, which created the quiz show, sued Disney in 2004 alleging that the company hid some of the show’s U.S. profits from Celador.A three-judge...
European Finance Ministers Deadlock on Plan to Oversee Banks
Label: BusinessBRUSSELS — Finance ministers of the European Union were deadlocked Tuesday over how to create a single banking supervisor for the euro zone, delaying a decision on a new system that is supposed to prevent future financial crises. The ministers agreed to reconvene next week, a day ahead of a summit meeting of European Union leaders who had been hoping to focus discussion on the design of a...
Dec
03
Two Mexican nationals charged in killing of U.S. Coast Guardsman
Label: World Federal prosecutors charged two Mexican nationals in connection with killing U.S. Coast Guardsmen Terrell Horne III after they...
iPhone Sales Shifting Away From Flagship Model
Label: Technology The iPhone is without doubt among the best-selling smartphones on the market, but the iPhone 5 doesn’t comprise as high a percentage of total iPhone sales as Apple’s past flagship phones.A report from Consumer Intelligence Research Partners says the iPhone 5 comprised only 68 percent of total iPhone sales during its first month on sale. (The study of 500 Apple product buyers in the United...
UK’s Prince William and wife Kate expecting a baby
Label: LifestyleLONDON (Reuters) – Britain‘s Prince William and his wife Catherine are expecting a baby, destined to be the country’s future monarch, although the mother-to-be is in hospital with a type of very acute morning sickness that sometimes indicates twins.“Their Royal Highnesses The Duke and Duchess of Cambridge are very pleased to announce that The Duchess of Cambridge is expecting a baby,” the prince’s...
Global Update: GlaxoSmithKline Tops Access to Medicines Index
Label: HealthSang Tan/Associated PressGlaxoSmithKline hung on to its perennial top spot in the new Access to Medicines Index released last week, but its competitors are closing in. Every two years, the index ranks the world’s top 20 pharmaceutical companies based on how readily they get medicines they hold patents on to the world’s poor, how much research they do on tropical diseases, how ethically...
In ‘Fiscal Cliff’ Talks, First Step Is the Hardest
Label: BusinessWASHINGTON — For all the growing angst over the state of negotiations to head off a fiscal crisis in January, the parties are farthest apart on a relatively small part of the overall deficit reduction program — the down payment. President Obama and the House speaker, John A. Boehner, are in general agreement on the overarching issue: that the relevant Congressional committees must sit down...
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