Changing of the Guard: Signals of a More Open Economy in China

Carlos Barria/ReutersIn November, Xi Jinping made his official debut as party chief at the 18th party congress, which military officers attended. BEIJING — In a strong signal of support for greater market-oriented economic policies, Xi Jinping, the new head of the Communist Party, made a visit over the weekend to the special economic zone of Shenzhen in south China, which has stood as a symbol of...

Read More..

China party chief stresses reform, censors relax grasp on internet

BEIJING (Reuters) – China must deepen reforms to perfect its market economy and strengthen rule of law, Communist Party chief Xi Jinping said in southern Guangdong, echoing groundbreaking comments by reformist senior leader Deng Xiaoping in the same province 20 years ago.Xi’s call for reform was reported on Monday, coinciding with an apparent easing of Internet search restrictions that the party has...

Read More..

Karina Smirnoff Appears on Don't Trust the B-- in Apt. 23

She's acting with the stars of Don't Trust the B–– in Apt. 23!Dancing with the Stars pro Karina Smirnoff, who recently made it to week nine with Apolo Ohno in the all-stars season, will appear an upcoming episode of the ABC sitcom. On the show, James Van Der Beek is participating in Smirnoff's popular televised ballroom dance competition. And he's up against Smirnoff and her partner, Dean Cain, who's...

Read More..

Surprise: New insurance fee in health overhaul law

WASHINGTON (AP) — Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul.The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed...

Read More..

Wall Street inches up as McDonald's and tech lead the way

NEW YORK (Reuters) - Stocks edged higher on Monday, helped by gains in McDonald's after the fast-food giant posted strong sales results, and a move up in technology shares. Technology stocks were the S&P 500's best-performing sector as Hewlett-Packard Co climbed 2.9 percent to $14.20 on rumors that activist investor Carl Icahn is building a stake in the PC maker. The stock is down...

Read More..

Fear of Fighting Haunts Once-Tranquil Damascus

Muzaffar Salman/ReutersA portrait of President Bashar al-Assad outside the venue of a charity concert by the Syrian National Symphony Orchestra in Damascus on Nov. 21. DAMASCUS, Syria — Business has been terrible for Abu Tareq, a taxi driver, so last week, without telling his wife, he agreed to drive a man to the Damascus airport for 10 times the usual rate. But, he said later, he will not be doing...

Read More..

U.S. judge names lead plaintiffs in Facebook litigation

NEW YORK (Reuters) – A group of investors including state pension funds in North Carolina and Arkansas will be the lead plaintiffs in securities lawsuits arising out of Facebook Inc’s $ 16 billion initial public offering, a U.S. judge ruled on Thursday.The investors, in a proposed class-action case, have accused Facebook of misrepresenting its financial condition in the run-up to the May stock offering....

Read More..

Jenni Rivera Missing After Suspected Plane Crash

By Maggie Coughlan 12/09/2012 at 03:45 PM EST Authorities are searching for singer Jenni Rivera after a plane she was flying in lost contact with air traffic controllers in Mexico early Sunday morning. Two pilots and four other passengers are also missing in the suspected crash, CNN.com reports.The plane in...

Read More..

Smokers celebrate as Wash. legalizes marijuana

SEATTLE (AP) — The crowds of happy people lighting joints under Seattle's Space Needle early Thursday morning with nary a police officer in sight bespoke the new reality: Marijuana is legal under Washington state law.Hundreds gathered at Seattle Center for a New Year's Eve-style countdown to 12 a.m., when the legalization measure passed by voters last month took effect. When the clock struck, they...

Read More..

Wall St Week Ahead: "Cliff" worries may drive tax selling

NEW YORK (Reuters) - Investors typically sell stocks to cut their losses at year end. But worries about the "fiscal cliff" - and the possibility of higher taxes in 2013 - may act as the greatest incentive to sell both winners and losers by December 31. The $600 billion of automatic tax increases and spending cuts scheduled for the beginning of next year includes higher rates for capital...

Read More..