Archive for December 31st, 2012

Obama: Deal to avert fiscal cliff ‘in sight’

December 31, 2012
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WASHINGTON (AP) — Working with Congress against a midnight deadline, President Barack Obama said Monday that a deal to avert the “fiscal cliff” was in sight but not yet finalized. The emerging deal would raise tax rates on family income over $450,000 and individual income over $400,000 a year, increase the estate tax rate...
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Australia, Asian nations ringing in 2013 with fireworks

December 31, 2012
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LONDON (AP) — Sydney‘s skyline erupted in fireworks as Australia ushered in 2013 on Tuesday, while extravagant displays soon followed in Hong Kong and Beijing, and even the once-isolated country of Myanmar joined the party for the first time in decades.
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Stocks struggle for direction as ‘cliff’ nears

December 31, 2012
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NEW YORK (AP) — With the “fiscal cliff” just hours away and politicians yet to reach a solution, the stock market struggled to decide which way to go.
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S&P, Nasdaq rise on last day of 2012, Apple advances

December 31, 2012
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NEW YORK (Reuters) – Wall Street mostly edged higher on Monday, with the S&P 500 on track for double-digit gains for the year, as politicians bargained for a deal to avert the “fiscal cliff.”
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‘Fiscal cliff’ disputes remain as deadline nears

December 31, 2012
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WASHINGTON (AP) — The White House and Senate Republicans sorted through stubborn disputes over taxing the wealthy and cutting the budget to pay for Democratic spending proposals as Monday’s midnight deadline for an accord avoiding the “fiscal cliff” drew to within hours.
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Markets calm despite looming fiscal cliff

December 31, 2012
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LONDON (AP) — Markets appeared Monday to be taking in stride the prospect that U.S. politicians will fail to agree a budget deal in time to avoid automatic tax increases and spending cuts that many economists think could tilt the world’s largest economy back into recession.
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Stock index futures up as "cliff" talks go on

December 31, 2012
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(Reuters) – U.S. stock index futures signaled a slightly higher open on Wall Street on Monday, with stocks set to snap a five-session losing streak as talks continued in Washington over resolving the “fiscal cliff”.
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Fiscal cliff negotiations stall; Senate to resume talks New Year’s Eve

December 31, 2012
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Fiscal cliff negotiations stall; Senate to resume talks New Year’s Eve

Democratic Senate Majority Leader Harry Reid speaks on the Senate floor. (Reuters/C-SPAN/Handout)Bottom line: Still no “fiscal cliff” deal. And none seems imminent.
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Clinton admitted to hospital with blood clot

December 31, 2012
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Clinton admitted to hospital with blood clot

(REUTERS/Gary Cameron) U.S. Secretary of State Hillary Clinton delivers remarks at the State Department in Washington …Secretary of State Hillary Rodham Clinton has been admitted to a New York hospital for treatment of a blood clot, her spokesman said Sunday.
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