Wall Street Week Ahead: “Fiscal cliff” blues may lead to correction

NEW YORK (Reuters) – Wall Street‘s post-election sell-off may gather steam in the coming weeks as worries mount about the looming “fiscal cliff” and technical weakness suggests a possible correction ahead.The benchmark Standard & Poor’s 500 <.SPX> closed below its 200-day moving average – a measure of the market’s long-term trend – on Thursday...

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Assad says will live and die in Syria

DOHA (Reuters) – President Bashar al-Assad said he would “live and die” in Syria and warned that any Western invasion to topple him would have catastrophic consequences for the Middle East and beyond.Assad’s defiant remarks coincided with a landmark meeting in Qatar on Thursday of Syria’s fractious opposition to hammer out an agreement on a new umbrella...

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US video game sales drop 25 percent in October

NEW YORK (AP) — A research firm says U.S. retail sales of new video game hardware, software and accessories fell 25 percent in October.The drop marks the 11th straight month of declining sales for physical game products. Many gamers are waiting for big holiday releases such as Activision Blizzard Inc.‘s “Call of Duty: Black Ops II.” The...

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“Twilight” fans camp out days ahead of “Breaking Dawn-Part 2″

LOS ANGELES (Reuters) – Dozens of excited “Twilight” fans set up tents in Los Angeles on Thursday ahead of next week’s world premiere of the last film in the vampire romance franchise.Some 2,200 people from all over the world have registered to camp on a concrete plaza outside a downtown Los Angeles movie theater, movie studio Summit Entertainment said. The...

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Iron, omega-3s tied to different effects on kids’ brains

NEW YORK (Reuters Health) – For children with low stores of two brain-power nutrients, supplements may have different, and complex, effects, a new clinical trial suggests.Iron deficiency is the most common nutritional deficiency worldwide, affecting about 2 billion people, according to the World Health Organization. Poor...

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Exclusive: Schulze’s Best Buy bid seen in December, below $8 billion range

NEW YORK (Reuters) – An eventual bid for Best Buy Co Inc by founder Richard Schulze could come below his initial proposal of around $ 8 billion and is now not expected to be made before December, sources familiar with the matter said, in a new twist to the months-long saga at the struggling electronics retailer.Schulze has done most of his due diligence...

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Ghana building collapse traps dozens, kills 1

ACCRA, Ghana (AP) — A five-story shopping center built earlier this year in a bustling suburb of Ghana‘s capital collapsed Wednesday, killing at least one person and leaving several dozen people trapped in the rubble, authorities and eyewitnesses said.Rescue crews used cranes to try and remove debris from the top of the building amid fears that machinery...

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RIM’s BlackBerry 10 platform wins coveted U.S. security clearance

TORONTO (Reuters) – Research In Motion Ltd said on Thursday it has won a much-coveted U.S. government security clearance for its yet-to-be launched platform for BlackBerry 10 devices that are expected to hit store shelves in the first quarter of 2013.The company said its BlackBerry 10 platform has received the FIPS 140-2 certification, which would allow...

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Mom of “Modern Family” actress denies abuse claims

LOS ANGELES (Reuters) – The mother of “Modern Family” star Ariel Winter on Wednesday denied that she abused her daughter after a judge temporarily placed the 14-year-old actress in her sister’s care.“It’s all untrue, it’s all untrue,” Chris Workman, Winter’s mother, told People magazine. “I have my doctor’s letter that my daughter’s never been abused.” According...

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Obama’s health care overhaul turns into a sprint

WASHINGTON (AP) — Its place assured alongside Medicare and Medicaid, President Barack Obama‘s health care law is now in a sprint to the finish line, with just 11 months to go before millions of uninsured people can start signing up for coverage.But there are hurdles in the way. Republican governors, opposed to what they...

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