Investors face another Washington deadline

NEW YORK (Reuters) - Investors face another Washington-imposed deadline on government spending cuts next week, but it's not generating the same level of fear as two months ago when the "fiscal cliff" loomed large. Investors in sectors most likely to be affected by the cuts, like defense, seem untroubled that the budget talks could send stocks tumbling. Talks on the U.S. budget...

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India Ink: In Hyderabad, Anger and Frustration

Srinivas Mahesh, 28, was snacking outside his hostel near the Konark Theater in Dishknagar, his usual hangout in Hyderabad, when he heard a loud explosion Thursday evening. Not long after, he saw smoke filling up the air. Once he realized it was a bomb blast, instead of rushing back to his hostel he resolved to helping the injured.“I saw disfigured bodies for the first time in my life,” he said. He...

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Sexting and bugging revealed at the FBI: CNN

(Reuters) – One FBI employee was fired for sleeping with a drug dealer and lying about it under oath, while another got the boot for bugging the boss’s office.The FBI suspended for 10 days still another employee for emailing a nude photograph of herself to her ex-boyfriend’s wife – the bureau showed compassion for the woman after she sought help for depression.Those cases over the past year were among...

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Music Mogul Clive Davis: My Lucky Life

By Kevin O'Donnell 02/22/2013 at 10:00 AM EST On a late January afternoon, Clive Davis is sitting in his wood-paneled office in Sony Music's Manhattan headquarters. Soon he'll be off to catch the opening night of his pal Barry Manilow's new Broadway show. But right now he's gazing at his wall, which holds photos...

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Govs to hear Oregon health care plan

SALEM, Ore. (AP) — Oregon Gov. John Kitzhaber will brief other state leaders this weekend on his plan to lower Medicaid costs, touting an overhaul that President Barack Obama highlighted in his State of the Union address for its potential to lower the deficit even as health care expenses climb.The Oregon Democrat leaves for Washington, D.C., on Friday to pitch his plan that changes the way doctors...

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Wall Street opens higher on data, HP earnings

NEW YORK (Reuters) - Stocks opened higher Friday after two days of losses, lifted by better-than-expected earnings from Hewlett-Packard Co and positive economic data from Europe. HP, a Dow component, jumped 7.4 percent to $18.34 in early trading. The Dow Jones industrial average <.dji> was up 45.85 points, or 0.33 percent, at 13,926.47. The Standard & Poor's 500...

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IHT Rendezvous: Russian Nationalists Say ‘Nyet’ to Foreign Words

LONDON — Nationalist Russian legislators have introduced a bill to hold back a tide of foreign words, specifically English ones, which they claim is swamping the Russian language.A bill submitted by the minority Liberal Democratic Party would impose fines of up to $1,700 on officials, advertisers and journalists who use foreign words rather than their Russian equivalents.Their main gripe appears to...

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Nokia to sell cheaper phones to counter low-end rivals – sources

PARIS (Reuters) – Finnish mobile phone maker Nokia is set to launch cheaper handset models in an attempt to fend off growing competition from Chinese rivals in the low-end market, company sources said on Friday.The new models, due to be unveiled at the Mobile World Congress industry convention in Barcelona next week, show Nokia is expanding its focus after concentrating in the past two years on catching...

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Shia LaBeouf Drops Out of Broadway Play Due to 'Creative Differences'

Buzz 02/21/2013 at 10:00 AM EST Shia LaBeouf (left) and Alec Baldwin Danny Moloshok/Invision/AP; Jamie McCarthy/Getty Shia LaBeouf will not be bowing on the Great White Way this spring.The actor, who was scheduled to make his Broadway debut in a revival of the...

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Adults get 11 percent of calories from fast food

ATLANTA (AP) — On an average day, U.S. adults get roughly 11 percent of their calories from fast food, a government study shows.That's down slightly from the 13 percent reported the last time the government tried to pin down how much of the American diet is coming from fast food. Eating fast food too frequently has been seen as a driver of America's obesity problem.For the research, about 11,000 adults...

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