Wall Street Week Ahead: A lump of coal for "Fiscal Cliff-mas"

NEW YORK (Reuters) - Wall Street traders are going to have to pack their tablets and work computers in their holiday luggage after all. A traditionally quiet week could become hellish for traders as politicians in Washington are likely to fall short of an agreement to deal with $600 billion in tax hikes and spending cuts due to kick in early next year. Many economists forecast that this...

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Temple upsets No. 3 Syracuse 83-79

NEW YORK (AP) — Khalif Wyatt had never been in Madison Square Garden let alone played there.The Philadelphia native left the building on Saturday after scoring a career-high 33 points and being the key to Temple beating No. 3 Syracuse 83-79 in the first Chevrolet Gotham Classic."I always wanted to play here because all the great players had a chance to play here," the 6-foot-4 senior said. "This was...

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Dec. 21: The Winter Solstice Explained

At 6:12 a.m. EST on Friday (Dec. 21), the sun will reach a point where it will appear to shine farthest to the south of the equator, over the Tropic of Capricorn, thus marking the moment of the winter solstice — the beginning of winter.Since June 20, the altitude of the midday sun has been lowering as its direct rays have been gradually migrating to the south. The sun’s altitude above the horizon...

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Will media stay on gun story?

STORY HIGHLIGHTSHoward Kurtz: Conventional wisdom is that media will lose interest in gunsHe says that's been the pattern of media behavior after Columbine, other shootingsThis time seems like it might be different, he saysKurtz: Reporters profoundly shaken by story, should stay on itEditor's note: Howard Kurtz is the host of CNN's "Reliable Sources" and is Newsweek's Washington bureau chief. He is...

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Hot plate sparked fire that killed 2 kids, fire department says

A 3-year-old boy and 2-year-old girl died this morning after they and two other children were left home alone in the Englewood neighborhood, officials say. (Posted Dec. 22nd, 2012) ...

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Egyptians vote on Islamist-inspired constitution

CAIRO (Reuters) - Egyptians voted on Saturday in the second round of a referendum expected to approve an Islamist-drafted constitution that lays foundations for transition to democracy but is criticized as divisive by the opposition. Counting began after voting, extended by four hours as queues formed at polling stations, closed at 11 p.m. (2100 GMT). Last week's first round, which an...

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Wall Street falls on fiscal cliff setback

NEW YORK (Reuters) - U.S. stocks finished lower on Friday after a Republican plan to avoid the "fiscal cliff" failed to gain sufficient support on Thursday night, draining hopes that a deal would be reached before 2013. Still, stocks managed to rebound from the day's lows near the end of the session, and for the week, major averages still ended higher, with the S&P 500 gaining 1.2...

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Douglas wins AP female athlete of the year honors

When Gabby Douglas allowed herself to dream of being the Olympic champion, she imagined having a nice little dinner with family and friends to celebrate. Maybe she'd make an appearance here and there."I didn't think it was going to be crazy," Douglas said, laughing. "I love it. But I realized my perspective was going to have to change."Just a bit.The teenager has become a worldwide star since winning...

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Goodbye, U.S. Postal Service?

This Christmas could be the Post Office's last, says John Avlon. STORY HIGHLIGHTSThe U.S. Postal Service is bleeding money and heading toward insolvency John Avlon: Congress can save the postal service in deal on the fiscal cliff He says the urgency is clear, let's hope for a Christmas miracle Avlon: But be prepared that Washington dysfunction can doom the postal service Editor's note: John Avlon...

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Witnesses: 'Big boom,' then arrest of prison escapee

Hezekiah Harper-Bey, 19, describes what he saw last night when FBI agents and Chicago police arrested Joseph Banks, who escaped from federal jail earlier this week. (Posted on: Dec. 21, 2012) ...

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Italy PM Monti resigns, elections likely in February

ROME (Reuters) - Italian Prime Minister Mario Monti tendered his resignation to the president on Friday after 13 months in office, opening the way to a highly uncertain national election in February. The former European commissioner, appointed to lead an unelected government to save Italy from financial crisis a year ago, has kept his own political plans a closely guarded secret but he...

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Samsung drops Apple injunction bids in Europe

Samsung Electronics Co. said Tuesday it has withdrawn its requests to have sales of certain Apple products banned in Europe, though it is still pursuing lawsuits over technology licenses. The two companies are waging a legal battle on multiple fronts and across the world as they jostle for dominance in the more than $100 billion global smartphone market. On Monday, a judge in San Francisco rejected...

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