'Fiscal cliff' deal talk, Apple lift US stocks at year-end

WASHINGTON: US markets closed out the year on Monday with a sharp jump on news that Congress was close to a deal to avert the fiscal cliff - but also on a 4.4 percent gain by market giant Apple.The Dow Jones Industrial Average finished up 166.03 points (1.28 percent) at 13,104.14.The broad-market S&P 500 gained 23.79 points (1.69 percent) at 1,426.19, while the tech-rich Nasdaq Composite...

Read More..

Delhi gang-rape: Nirbhaya case rarest of rare, Krishna Tirath says

NEW DELHI: Favouring imprisonment till death for the six accused in the Nirbhaya gang rape, Union minister Krishna Tirath on Monday said that the case was an exceptional one and should be treated as "rarest of rare".Following hectic consultations last week with over 40 NGOs, social and women's rights activists, the ministry plans to consult with the ministries of home and law to recommend life term...

Read More..

AP IMPACT: Big Pharma cashes in on HGH abuse

A federal crackdown on illicit foreign supplies of human growth hormone has failed to stop rampant misuse, and instead has driven record sales of the drug by some of the world's biggest pharmaceutical companies, an Associated Press investigation shows.The crackdown, which began in 2006, reduced the illegal flow of unregulated supplies from China, India and Mexico.But since then, Big Pharma has been...

Read More..

Fiscal Cliffhanger: Tax Deal 'Within Sight,' Not Done

President Obama said an 11th-hour agreement to avert year-end tax hikes on 98 percent of Americans is "within sight" but not yet complete with just hours to go before the nation reaches the so-called fiscal cliff."There are still issues left to resolve but we're hopeful Congress can get it done," Obama said at a midday White House news conference. "But it's not done."Congressional...

Read More..

State Department made "grievous mistake" over Benghazi: Senate report

WASHINGTON (Reuters) - The State Department made a "grievous mistake" in keeping the U.S. mission in Benghazi open despite inadequate security and increasingly alarming threat assessments in the weeks before a deadly attack by militants, a Senate committee said on Monday. A report from the Senate Homeland Security Committee on the September 11 attacks on the U.S. mission and a nearby...

Read More..

E. Timor bids farewell to peacekeepers after 13 years

DILI: The UN ends its peacekeeping mission in East Timor Monday after 13 years of boots on the ground in Asia's youngest nation following a bloody transition to independence.The mission, which saw the presence of some 1,500 UN troops and police, will take down its flag and send home the last of its peacekeepers, including five Portuguese officers, while a "liquidation team" of 79 will...

Read More..

Tourists boom brings back smiles on hoteliers in Manali

MANALI: Quenching the thirst of tourism industry of Manali, which had been plagued by slowdown, large number of tourists have belatedly thronged here for New Year celebration and the town has been jammed with the crowd of visitors from all over the country.Most of the hotels are fully occupied, while others doing better than the average business. People involved in tourism business were shocked after...

Read More..

Kenya hospital imprisons new mothers with no money

NAIROBI, Kenya (AP) — The director of the Pumwani Maternity Hospital, located in a hardscrabble neighborhood of downtown Nairobi, freely acknowledges what he's accused of: detaining mothers who can't pay their bills. Lazarus Omondi says it's the only way he can keep his medical center running.Two mothers who live in a mud-wall and tin-roof slum a short walk from the maternity hospital, which is affiliated...

Read More..

Cliffhanger: 'Major Setback' For Budget Talks

With less than two days remaining for Congress to reach a budget agreement that would avoid the so-called "fiscal cliff," ABC News has learned that negotiations have reached a "major setback."According to Democratic sources the row was sparked when the GOP offered a proposal that included a new method of calculating entitlement benefits with inflation. Called the "chained consumer...

Read More..

Body of India rape victim cremated in New Delhi

NEW DELHI (Reuters) - The body of a woman, whose gang rape provoked protests and rare national debate about violence against women in India, arrived back in New Delhi on Sunday and was cremated at a private ceremony. Scuffles broke out in central Delhi between police and protesters who say the government is doing too little to protect women. But the 2,000-strong rally was confined to...

Read More..