Markets steady amid Xmas exodus, US budget doubts

LONDON (AP) — Financial markets were largely steady in holiday-thinned trading Monday though concerns remain over the progress of U.S. budget discussions and the future of the economic reform program in Italy.For weeks, the discussions between the White House and Congress over a budget deal have been the main driver in markets. If a deal isn’t agreed to by the start of 2013, automatic spending cuts...

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3-day trip becomes 3-week ordeal for 2 Jamaicans

SAN JUAN, Puerto Rico (AP) — It was supposed to be a three-day fishing trip at most. It turned into a three-week ordeal, drifting under an intense sun for hundreds of miles in the Caribbean in a small boat with a broken motor.The two Jamaican fishermen survived by eating raw fish they caught and drinking water from melted ice they had brought to preserve their catch. The Colombian navy finally plucked...

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News summary: Nintendo’s TVii replaces the remote

TVii LAUNCH: Nintendo if flipping on its TVii service Thursday, a month after sales started for its Wii U game console. The service turns the GamePad controller into a TV remote control, channel guide and Web video surfer.SALES HOPES: Nintendo hopes the free service boosts sales of the console after recording 425,000 sales in the first week since its Nov. 18 launch.HEAD START: It’s the first time...

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Nick Cassavetes Sued For Allegedly Stiffing Twin Canadian Pop Duo on $300K Movie Loan

LOS ANGELES (TheWrap.com) – Nick Cassavetes, Canadian twins and incest – besides three phrases that you probably didn’t expect to read in the same sentence today, they’re also elements of a bizarre new lawsuit that hit the California court system this week.In a lawsuit filed Tuesday in Los Angeles Superior Court, TwinSpin music – home to twin Canadian pop duo Carmen & Camille – claim that “The...

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Meanwhile, Deep Inside Your Belly Button …

Dec 23, 2012 7:00amGetty ImagesReported by Dr. Amish Patel:Researchers have found that more than 2,000 different species of bacteria live in our umbilicus – the medical word for belly button.  That means you have more kinds of bacteria in your belly button than there are different kinds of ants or birds in North America, according to the study.The majority of these bacteria were rare and occurred...

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China and India: The $10 Trillion Engine of Future U.S. Growth

My friend and colleague Michael J. Silverstein, writing in this space in late October, mentioned that the most dangerous thing about China is America’s misguided attitude toward the country. In short, we appear to be afraid of China’s success.The U.S. has never before run from a challenge. This is the wrong time to start.As Silverstein and his co-authors—Carol Liao, David Michael, and Abheek Singhi—point...

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Showrooming little threat to clothiers in ho-hum holidays

Chicago (Reuters) – In retail, showrooming has not hit shirts yet.Showrooming, the retail term for shoppers who try a product, then buy it cheaper on Amazon.com or other websites, has driven retailers to the point of hiding barcodes, improving their own websites and coming up with methods to get people to complete their purchase in the store.But brand-name clothing retailers have an advantage over...

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Ridley Scott, Paul Attanasio Working on “Vatican” Pilot for Showtime

LOS ANGELES (TheWrap.com) – Showtime is once again preparing to go papal.The network, which already has a Pope-centric hit in the form of “The Borgias,” has given the green light to pilot tentatively titled “The Vatican,” from Ridley Scott and Paul Attanasio, Showtime said Thursday.A contemporary exploration of the politics and power plays within the Catholic church, “The Vatican” will be written...

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Spectrum Pharma’s blood cancer drug meets goal in mid-stage trial

(Reuters) – Spectrum Pharmaceuticals Inc said a mid-stage trial of its experimental blood cancer drug met the main goal of shrinking tumors.The drug, belinostat, was tested in patients with relapsed/refractory peripheral T-Cell (PTCL) lymphoma, who have failed at least one therapy.The biotechnology company said it expects to file a marketing application with U.S. health regulators by mid-2013, and...

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Our Best Photos of 2012

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. X EntertainmentPosted on December 21, 2012More SlideshowsThe Corporate Apology Tour, via InstagramWill Mark Sanchez Join the Biggest Quarterback Busts?The 20 extraordinary images selected here represent the very best of this year’s photography in Bloomberg Businessweek magazine. From Platon’s arresting...

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