U.S. “fiscal cliff” talks turn sour, Obama threatens veto

WASHINGTON (Reuters) – Talks to avoid a U.S. fiscal crisis stalled on Wednesday as President Barack Obama accused opponents of holding a personal grudge against him while the top Republican negotiator called the president “irrational.”As a year-end deadline nears, Obama and House of Representatives Speaker John Boehner are locked in intense bargaining over a possible deal to avoid the so-called fiscal...

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Worries grow in east Congo with fighter buildup

DAKAR, Senegal (AP) — Aid workers warned Wednesday that armed groups are setting up new front lines in and around the city of Goma in eastern Congo, where the U.N. said it now has documented at least 126 rape cases last month.Thousands of fighters from the M23 rebel group withdrew several weeks ago from Goma, and the fighters have since taken steps toward negotiating with the Congolese government.However,...

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Kodak in $525 million patent deal, eyes bankruptcy end

(Reuters) – Eastman Kodak Co agreed to sell its digital imaging patents for about $ 525 million, a key step to bringing the photography pioneer out of bankruptcy in the first half of 2013.The deal for the 1,100 patents allows Kodak to fulfill a condition for securing $ 830 million in financing.The patent deal was reached with a consortium led by Intellectual Ventures and RPX Corp, and which includes...

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“Zero Dark Thirty” won’t be “Hurt Locker” at the Box Office

LOS ANGELES (TheWrap.com) – Kathryn Bigelow‘s Osama bin Laden manhunt thriller “Zero Dark Thirty” hits theaters Wednesday, and when it comes to the box office, this isn’t going to be “Hurt Locker.”That was Bigelow’s last film, a gritty Iraq war drama that upset “Avatar” for Oscar’s Best Picture in 2009 but took in just $ 17 million domestically. “Zero Dark Thirty” could well top $ 100 million, say...

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Republicans put squeeze on Obama in “fiscal cliff” talks

WASHINGTON (Reuters) – Frustrated by their inability to wring more “fiscal cliff” concessions out of President Barack Obama, Republicans in the U.S. House of Representatives announced Tuesday night that they expect to pass their own tax bill as a backup plan to avert the tax hikes and automatic budget cuts set to occur in January.No one expects the bill, which would extend low tax rates except on...

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Republicans put squeeze on Obama in “fiscal cliff” talks

WASHINGTON (Reuters) – Frustrated by their inability to wring more “fiscal cliff” concessions out of President Barack Obama, Republicans in the U.S. House of Representatives announced Tuesday night that they expect to pass their own tax bill as a backup plan to avert the tax hikes and automatic budget cuts set to occur in January.No one expects the bill, which would extend low tax rates except on...

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Asia stocks rise over US budget deal optimism

BANGKOK (AP) — Asian stock markets rose Wednesday after U.S. political leaders appeared to be closing in on a budget deal to avert the “fiscal cliff” by the year-end deadline. Economists have been warning the U.S. economy could be thrown back into recession without a deal.Japan’s Nikkei 225 index jumped 1.1 percent to 10,034.45. Hong Kong’s Hang Seng index rose 0.7 percent to 22,640.25. Australia’s...

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NBC’s Engel, TV crew escape abduction in Syria

BEIRUT (AP) — NBC‘s chief foreign correspondent Richard Engel said Tuesday he and members of his network crew escaped unharmed after five days of captivity in Syria, where more than a dozen pro-regime gunmen dragged them from their car, killed one of their rebel escorts and subjected them to mock executions.Appearing on NBC’s “Today” show, an unshaven Engel said he and his team escaped during a firefight...

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Nielsen to buy Arbitron for about $1.26B

NEW YORK (AP) — Nielsen, the dominant source of TV ratings, on Tuesday said it had agreed to buy Arbitron for about $ 1.26 billion to expand into radio measurement.Arbitron pays 70,000 people to carry around gadgets that register what stations they’re listening to. Since Nielsen also collects cash register data, CEO David Calhoun said buying Arbitron will let Nielsen be a one-stop shop for advertisers...

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Gabby Douglas, Adele among brightest young stars -Forbes magazine

NEW YORK (Reuters) – Fashion designer Carly Cushnie, actress Kate McKinnon and videogame creator Kim Swift may not be household names yet, but they are destined to do great things and will be tomorrow’s young stars, Forbes magazine said on Monday.Along with Olympic Gold medalist gymnast Gabby Douglas, rapper Wiz Khalifa and researcher Josh Sommer, they have been chosen by the magazine for its “30...

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