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Superstorm Sandy batters November retail salesSuperstorm Sandy dragged down retail spending in November, despite the frenzy over the Black Friday weekend. Even without the effects of Superstorm Sandy, retail growth during the month would have been weak.聽
Fiscal cliff talks stall. Will a deal get done by Christmas?Fiscal cliff deadline is a month away, but Republicans and Democrats are blaming each other for the inability to get a deal done that would prevent automatic spending cuts. The uncertainlty over the fiscal cliff talks is already having a financial impact, sending the stock market on a roller coaster ride.聽
Stocks rise and fall with twists in budget talksStocks rose modestly Thursday on hopes that a budget deal would be reached in Washington. Promising optimistic reports also sent stocks upward.
Continental Concord crash conviction overturned by French courtThe crash hastened the end for the already-faltering supersonic聽Concorde, synonymous with high-tech luxury but a commercial failure.
Zig Ziglar: Motivational speaker and authorZig Ziglar wrote 30 books, and spoke about helping people achieve success in their careers and personal lives, in addition to a focus on 海角大神ity, Zig Ziglar was a prolific speaker, who appeared with several U.S. presidents and former British Prime Minister Margaret Thatcher. Ziglar passed on Wednesday.
FedEx driver fired over Russian accent, lawsuit saysA FedEx driver says he was fired over his thick Russian accent, and is suing FedEx for damages. The driver, a Russian immigrant, says his English is perfectly understandable and that his firing was unwarranted.聽
Stocks climb on hopes for 'cliff'-skirting dealStocks聽rose in afternoon trading Wednesday聽on signs that the US may avoid the 'fiscal cliff' after all. 'Fiscal cliff'聽concerns have weighed on stocks since the election.
Powerball winners: Cautionary tales, lessons from past lottery winnersPast winners of mega-lottery drawings and financial planners offer advice to Powerball winners on how to manage a $500 million windfall. How to avoid the pitfalls of instant Powerball wealth.
Costco pays special 'fiscal cliff' dividend to investorsCostco is paying shareholders a special dividend of $7 per share, in addition to the regular quarterly payout the wholesaler gives investors. Costco is one of many companies making special payouts because investors may have to pay higher taxes starting in January.聽
Medicare, social program cuts: Will Democrats go along?Medicare, Obamacare, and other social programs are at the heart of a disconnect over the 'fiscal cliff' in Washington. Republicans appear willing for tax increases but only if Democrats accept big cuts in Medicare and other social programs. 聽
Fiscal cliff warning sends stocks slidingFrustration from聽Senate Majority Leader Harry Reid over the fiscal cliff聽pushed stocks downward Tuesday.聽Worries about budget talks have been hanging over the stock market for weeks.
Europe debt defaults are poised to rattle stocksAt least five eurozone nations will need to restructure their debts, says a new Citigroup report. Greece will probably leave the eurozone within a year.
Stocks end lower after strong weekStocks聽retreated after one of their best weeks of the year. Anxiety over the 'fiscal cliff' and European debt drove stocks down.
UBS fined. Rogue trader lost $2.3 billion.UBS fined for failures which allowed a rogue trader to lose $2.3 billion in the bank's biggest-ever case of fraud. UBS will be fined $47.6 million, the Financial Services Authority said Monday.聽
'12 days of Christmas' cost: How much is a partridge in a pear tree?'12 days of Christmas' cost will be a little higher this year. The prices of partridges, pear trees, gold rings, and swans a-swimming all increased from 2011. Below are the estimated costs of all the items from the '12 days of Christmas' carol.聽
Black Friday record: Weekend sales up 13 percentBlack Friday record pushes spending to $59 billion over four days. By extending Black Friday, retailers made it easy to shop and drew in record numbers of shoppers.聽
Cyber Monday: deals could lead to biggest online sales dayCyber Monday deals are expected to rack up $1.5 billion in sales, up 20 percent from last year's Cyber Monday. Cyber Monday deals include deep discounts on televisions, major appliances, and jewelry.聽
Small business Saturday: Obama buys booksSmall business Saturday 鈥� an effort to draw shoppers to small businesses 鈥� attracted a prominent shopper Saturday. President Obama patronized a bookstore in Arlington, Va.
Cash-strapped post office: new, faster package service?Cash-strapped post office will test same-day package delivery in San Francisco Dec. 12. If expanded to 10 cities, same-day service could bring in $500 million a year, a drop in the bucket for cash-strapped post office's $15.9 billion loss this year.
Anchors resign on air, blaming managementAnchors resign on air at end of their newscast Tuesday in Bangor, Maine. Anchors not specific about why they resign on air, later citing frustration with management (which once prohibited staff from reporting on global warming).
