CAIRO (Reuters) – Egypt‘s pound fell to a record low on Monday as the president signaled his government would allow it to depreciate slowly for several more days to stop a drain on foreign reserves that has driven the economy into crisis since the fall of Hosni Mubarak.Hit by a new bout of political turmoil in the last month, the pound had weakened to a record low on Sunday at a new dollar auction...
Canadian job creation seen sharply lower in December
Label: WorldOTTAWA (Reuters) – Canada‘s job market is expected to slow markedly in December to reflect the sluggish economy and employers’ fears about the U.S. fiscal crisis following outsized gains of over 50,000 jobs in two of the previous three months.The median forecast in a Reuters poll is for the economy to add just 5,000 jobs in the month, with forecasts ranging from a loss of 20,000 positions to a gain...
Angry Birds, YouTube among top apps of 2012
Label: TechnologyTORONTO (Reuters) – Angry Birds, Instagram and Facebook continued to be among the most downloaded apps of the year but rising stars also earned coveted spots on smartphones and tablets.This year consumers spent on average two hours each day using mobile applications, an increase of 35 percent over last year, according to analytics firm Flurry. The number is expected to continue growing in 2013.“2012...
Lake Superior State’s 38th list of banished words
Label: LifestyleDETROIT (AP) — Lake Superior State University‘s 38th annual list of banished words:— fiscal cliff— kick the can down the road— double down— job creators/creation— passion/passionate— YOLO— spoiler alert— bucket list— trending— superfood— boneless wings— guruEntertainment News Headlines – Yahoo! NewsTitle Post: Lake Superior State’s 38th list of banished wordsRating: 100%based on 99998 ratings.5 user...
U.S. approves J&J drug-resistant tuberculosis treatment
Label: Health(Reuters) – U.S. health regulators have approved a new Johnson & Johnson drug for patients with tuberculosis who do not respond to other treatments, the company said.The drug is the first in 40 years to tackle the disease using a new mechanism of action, according to J&J. The drug blocks an energy-producing enzyme that tuberculosis bacteria need to survive.The U.S. Food and Drug Administration...
Dec
30
Death! Sex! How Comic Books Bump Their Sales
Label: BusinessIn comic book publishing, the decision to kill off a long-running and beloved character may seem, at first glance, like a terribly unwise business move. But when Marvel Comics released its latest issue of Amazing Spider-Man—#700, which ends with Peter Parker, the webbed crusader’s alter ego, getting murdered—the issue began flying off the shelves.“The sales are phenomenal,” says Axel Alonso, the editor...
Microsoft Surface trampled at the bottom of the tablet pile this Christmas
Label: TechnologyWhile it does have drawbacks just like anything else, Microsoft’s (MSFT) Surface is a great slate for those looking for a fresh new take on the modern tablet. Unfortunately, it doesn’t look like very many people were looking for a fresh new take on the modern tablet this holiday season. In a recent note to investors, R.W. Baird analyst William Power recounted recent conversations had at retailers...
Hot spots draw believers, but not doomsday
Label: LifestyleAs the sun rose from time zone to time zone across the world on Friday, there was still no sign of the world’s end — but that didn’t stop those convinced that a 5,125-year Mayan calendar predicts the apocalypse from gathering at some of the world’s purported survival hot spots.Many of the esoterically inclined expected a new age of consciousness — others wanted a party. But, in some places said to...
Year in Review: Meningitis Outbreak Still a Challenge
Label: HealthAs part of the Year in Review series, MedPage Today reporters are revisiting major news stories and following up with an analysis of the impact of the original report, as well as subsequent news on the topic. Here’s what’s happened with the fungal meningitis outbreak since we published our first report.The fungal meningitis outbreak that made headlines in the fall was “unprecedented,” in the words...
Dec
28
Pending home sales hit two-and-half year high in November
Label: BusinessWASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes rose in November to their highest level in 2-1/2 years, an industry group said on Friday, further evidence of a strengthening housing market recovery.The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, increased 1.7 percent to 106.4 – the highest level since April 2010 when...
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