Borrowing grows more than expected

21 December 2012 Last updated at 13:03 ETPlease turn on JavaScript. Media requires JavaScript to play. ONS chief economist Joe Grice: “There are straws in the wind that look promising”The government had to borrow slightly more than expected in November.It borrowed £17.5bn, £1.2bn higher than a year earlier, official figures show. Economists had predicted borrowing would fall slightly to about £16bn.However,...

Read More..

Analysis: Apple’s swoon exposes risk lurking in mutual funds

NEW YORK (Reuters) – The nearly 28 percent decline in shares of Apple Inc since mid-September isn’t just painful to individual shareholders. It’s also being felt by investors who chased hot mutual funds that loaded up on Apple as the stock raced to a record $ 705 per share.Apple makes up 10 percent or more of assets in 117 out of the 1,119 funds that own its shares, according to data from Lipper,...

Read More..

‘Walking Dead’ Showrunner Glen Mazzara Leaving

NEW YORK (TheWrap.com) – Glen Mazzara, who led AMC‘s “The Walking Dead” to ratings highs after the exit of Frank Darabont, is leaving the show.The announcement came with the unsurprising news of a fourth-season pickup for the series. It continues AMC’s rocky record with its showrunners, but the network said the decision was mutual.While AMC has clashed with showrunners before over money, a person...

Read More..

Long-lived bats offer clues on diseases, aging

HONG KONG (Reuters) – The bat, a reservoir for viruses like Ebola, SARS and Nipah, has for decades stumped scientists trying to figure out how it is immune to many deadly bugs but a recent study into its genes may finally shed some light, scientists said on Friday.Studying the DNA of two distant bat species, the scientists discovered how genes dealing with the bats’ immune system had undergone the...

Read More..

Two Reasons Fiscal Cliff Chaos Is Actually Terrific

Immediately after House Speaker John Boehner’s Plan B fell apart Thursday night, Dow futures plummeted and the media freaked out (Huffington Post headline: “END OF THE WORLD“). Boehner and his deputies skulked out of the Capitol, humiliated. His Hail Mary plan to create leverage for Republicans in the fiscal cliff negotiations with Republicans lay in tatters. Soon, his speakership may, too.But Plan...

Read More..

Kenya police: 28 people killed in clashes

NAIROBI, Kenya (AP) — A police official says 28 people have been killed in clashes between farmers and herders in south-eastern Kenya.Anthony Kamitu, who is leading police operations to prevent the attacks, said Friday that the Pokomo tribe of farmers raided a village of the Orma herding community, called Kipao, at dawn in the Tana River Delta.The latest deaths in a tit-for-tat cycle of killings may...

Read More..

Nokia, RIM settle old disputes in new patent pact

HELSINKI (AP) — Nokia Corp. and Canadian smartphone rival Research In Motion have agreed on a new patent licensing pact which will end all existing litigation between the two struggling companies, the Finnish firm said Friday.The agreement includes a “one-time payment and on-going payments, all from RIM to Nokia,” Nokia said, but did not disclose “confidential” terms.Last month, Nokia sued the Blackberry...

Read More..

“Les Miserables” movie relies on close-ups for emotional punch

NEW YORK (Reuters) – For British director Tom Hooper, the key to turning “Les Miserables” from the wildly popular stage musical to a cinematic experience both sweeping and intimate, was all in the close-up.The stage musical has left audiences around the world wiping away tears with its themes of justice, redemption and romantic and familial love. So bringing it to life on screen for fans and filmgoers...

Read More..

Firms spend less to pitch to kids, foods slightly better: U.S. FTC

WASHINGTON (Reuters) – Food companies spent considerably less to advertise to children in 2009 than they did in 2006, although the foods that were pitched were only slightly more nutritious, the U.S. Federal Trade Commission said in a report out on Friday.The FTC, in a survey of data from industry, found that companies spent $ 1.79 billion to advertise to children aged 2 to 17 in 2009, down almost...

Read More..

Economic impact of Canada retail sales jump seen small

OTTAWA (Reuters) – Canada retail sales in October jumped by a stronger-than-expected 0.7 percent from September to hit a record, but analysts said the figures were less impressive than they seemed and would not do much to boost recent sluggish economic growth.Statistics Canada said on Thursday that retail sales in October reached C$ 39.45 billion ($ 39.85 billion), the third consecutive all-time high....

Read More..

State Department security chief leaves post over Benghazi

WASHINGTON (Reuters) – The U.S. State Department said on Wednesday its security chief had resigned from his post and three other officials had been relieved of their duties following a scathing official inquiry into the September 11 attack on the U.S. mission in Benghazi.Eric Boswell has resigned effective immediately as assistant secretary of state for diplomatic security, State Department spokeswoman...

Read More..

Nintendo’s amazing triumph in Japan may doom the company internationally

According to Japanese gaming bible Famitsu, Nintendo (NTDOY) 3DS sold 333,000 units in the week ending December 16, while Sony’s (SNE) PS Vita limped along at 13,000 units, the new Wii U did an okay 130,000 units and the PlayStation 3 managed to sell 46,000 units.  The utter hardware domination of the 3DS is reshaping the Japanese software market. Franchises that were thought to be fading have...

Read More..

“Gangnam Style” in line for UK dictionary inclusion

LONDON (Reuters) – He has the most-watched video in Youtube history, become a pop sensation with a horse-riding dance craze that has swept the world and now Korean singer Psy may cement his place in popular culture with recognition from a British dictionary.“Gangnam Style,” Psy’s signature song, has been chosen along with “fiscal cliff” and “Romneyshambles” as some of Collins Dictionary‘s words of...

Read More..

Alliance Health Networks Brings Prominent HCV Clinical Trials Leader, Dr. Peter Ruane, to Hepatitis Connect Social Network

SALT LAKE CITY–(BUSINESS WIRE)–Alliance Health Networks, the leading social networking company serving consumers and the healthcare industry, today announced the addition of Dr. Peter Ruane, prominent HIV and HCV clinical trials doctor and founder of Lightsource Medical, as a new community advocate on the Hepatitis Connect social network.Hepatitis Connect is part of Alliance Health’s growing portfolio...

Read More..

Nissan to invest £250m in the UK

19 December 2012 Last updated at 03:43 ETBy Jorn Madslien Business reporter, BBC NewsNissan says it is investing £250m in Sunderland to make a small luxury car, creating “hundreds of jobs” in the UK.“The Sunderland factory is very competitive,” said Nissan’s chief performance officer Colin Dodge.The Infiniti model was penned by Nissan’s design team in London and engineered at its technical centre...

Read More..

Canada serial killer inquiry finds “systemic bias” by police

(Reuters) – Police made critical errors in pursuing Canadian serial killer Robert Pickton partly because of “systemic bias” against his victims, sex trade workers from a rough Vancouver neighborhood, according to the final report from a public inquiry released on Monday.Commissioner Wally Oppal was asked by the British Columbia government to investigate, in effect, why Pickton was not caught sooner....

Read More..

Shooting renews argument over video-game violence

WASHINGTON (AP) — In the days since the massacre at Sandy Hook Elementary School in Newtown, Conn., a shell-shocked nation has looked for reasons. The list of culprits include easy access to guns, a strained mental-health system and the “culture of violence” — the entertainment industry’s embrace of violence in movies, TV shows and, especially, video games.“The violence in the entertainment culture...

Read More..

A Minute With: Jessica Chastain on “Zero Dark Thirty”

NEW YORK (Reuters) – Jessica Chastain carries the weight of starring in one of the year’s most anticipated films, “Zero Dark Thirty,” about the decade-long hunt and eventual killing of Osama bin Laden.Critics say Chastain pulls it off seamlessly as “Maya,” based on a real-life CIA agent who played a major role in tracking down bin Laden at his hideout in Pakistan.As the film opens in limited U.S....

Read More..

Two cups of milk daily enough for most kids: study

NEW YORK (Reuters Health) – Two cups of cow’s milk per day may be enough for most kids to have the recommended amount of vitamin D in their blood while maintaining a healthy iron level, suggests a new study.“One of the common questions I get from parents when their kids become toddlers is, ‘how much milk should they be drinking?’ But we didn’t have a good answer,” said Dr. Jonathon Maguire, the study’s...

Read More..

UK inflation unchanged at 2.7%

18 December 2012 Last updated at 06:17 ETUK consumer prices inflation remained unchanged at 2.7% in November, according to official data.The fastest price rises were seen in the cost of fruit, bread and cereals, as well as in energy bills, the Office for National Statistics (ONS) said.Car fuel and plane ticket prices fell in November from the month before, as did the cost of carpets and beer.Retail...

Read More..