French forces take action against Mali Islamists

BAMAKO, Mali (AP) — France launched airstrikes Friday to help the government of Mali defeat al-Qaida-linked militants who captured more ground this week, dramatically raising the stakes in the battle for this vast desert nation.French President Francois Hollande said the "terrorist groups, drug traffickers and extremists" in northern Mali "show a brutality that threatens us all." He vowed that the...

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Somalia: French forces attack militant base

MOGADISHU, Somalia (AP) — French commandoes on Saturday attacked a base of Islamist militants in Somalia in a hostage rescue attempt, a Somali intelligence official said. Residents of the town said they heard explosions and gunfire.The attack occurred in the town of Bulomarer, and comes on the heels of French military intervention in Mali, another African country. The intelligence official, who insisted...

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Mali war escalates with French intervention

BAMAKO, Mali (AP) — With Islamist militants controlling more than half of the northwest African nation of Mali and threatening the rest of government-held territory, France launched airstrikes in a dramatic escalation of the conflict that some observers have called the next Afghanistan. French commandoes also reportedly attacked an Islamist base in Somalia to try to rescue a French hostage.The raid...

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Nats bolster pitching staff with deal for Haren

(Reuters) - The Washington Nationals bolstered their already strong pitching rotation by agreeing to a one-year, $13 million contract with right-hander Dan Haren, Major League Baseball's (MLB) website reported on Tuesday.Haren, pending a physical, will join a rotation that boasts Stephen Strasburg, Jordan Zimmermann and Gio Gonzalez, effectively replacing Edwin Jackson from a staff that helped the...

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Giants agree deal to keep playoff hero Scutaro

(Reuters) - National League Championship Series MVP Marco Scutaro has agreed a $20 million three-year deal to stay with the San Francisco Giants, the World Series winners said on Tuesday.The 37-year-old second baseman was acquired by San Francisco in a mid-season trade with Colorado and he paid great dividends down the stretch as the Giants claimed their second World Series in three years.Scutaro...

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Reds land Korean Choo in trade with Indians, D-Backs

(Reuters) - The Cincinnati Reds acquired South Korean outfielder Choo Shin-soo from the Cleveland Indians on Tuesday in a three-team trade that involved nine players.The 30-year-old Choo, entering the final year of his contract, declined to sign an extension with the Indians and will now give the Reds a potential lead-off hitter who batted .283 with 16 home runs last season."He fills the one big...

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An iPhone priced below $200 would devastate RIM and Nokia – and Apple’s margins

Both Bloomberg and the Wall Street Journal now believe Apple (AAPL) is seriously considering launching a cheap iPhone. Speculation about this has been going on for years. But the probable price range mentioned by Bloomberg is a huge shock: The rumored retail price range of $100 to $150 is far below what had earlier been assumed. The iPhone 5 tends to sell for more than $700 in emerging markets. The...

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Samsung sets sights on RIM’s corporate users

Now that Samsung (005930) has bested Apple in the consumer smartphone market, at least where shipment volume is concerned, the company is setting its sights on Research in Motion’s (RIMM) corporate user base. The company is investing heavily in enterprise devices that incorporate a higher level of security and reliability than consumers require. Various government agencies and corporations aren’t...

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Three top U.S. wireless carriers to embrace BlackBerry 10

LAS VEGAS (Reuters) - Three of the top U.S. cellphone carriers signaled this week that they would support Research In Motion's BlackBerry 10 products, the first of which are due to be unveiled Jan 30, offering a hopeful sign for RIM's comeback effort.Executives at Verizon Communications , AT&T Inc and T-Mobile USA all said they are looking forward to the devices, which will be crucial for RIM's...

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Rate on 30-year mortgage ticks up to 4 percent

WASHINGTON (AP) — The average rate on the 30-year mortgage hovered above the record low for a third straight week. But cheap mortgage rates have done little to boost home sales or refinancing.Freddie Mac said Thursday that the rate on the 30-year loan ticked up to 4 percent from 3.99 percent. Six weeks ago, it dropped to a record low of 3.94 percent, according to the National Bureau of Economic Research.The...

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Rate on 30-year fixed mortgage falls to 3.98 pct.

WASHINGTON (AP) — The average rate on the 30-year fixed mortgage hovered above its record low for a fourth straight week. But cheap mortgage rates have done little to boost home sales or refinancing.Freddie Mac says the rate on the 30-year fixed loan fell to 3.98 percent from 4 percent the previous week. Seven weeks ago, it dropped to a record low of 3.94 percent, according to the National Bureau...

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U.S. Housing Market Still On Life Support; Prices At 2003 Levels

With each passing year, the former Oracle of the Fed, Alan Greenspan, is reminded that there really was a housing bubble and lowering interest rates to record lows just made matters worse.  Nearly four years after the housing market peak in 2007, record low mortgage rates are no match for falling incomes and 9% unemployment.The Case-Shiller Home Price Index, released on Tuesday, showed that...

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Angels land slugger Hamilton in $125 million deal: report

(Reuters) - Free agent slugger Josh Hamilton has agreed to a five-year, $125 million deal to join the Los Angeles Angels, Major League Baseball's (MLB) website reported on Thursday.The five-time All-Star, who overcame drug and alcohol addictions to become one of MLB's most feared hitters, helped power the Texas Rangers to consecutive World Series appearances in 2010 and 2011.The 31-year-old hard-hitting...

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Angels land slugger Hamilton in $125 million deal

(Reuters) - The Los Angeles Angels grabbed Major League Baseball's prized free agent for a second consecutive year on Thursday by signing slugger Josh Hamilton to a five-year, $125 million contract.Hamilton, a five-time All-Star who overcame drug and alcohol addictions to become one of Major League Baseball's most feared hitters, powered the Texas Rangers to consecutive World Series appearances in...

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Yankees sign former rival Youkilis to one-year deal

NEW YORK (Reuters) - Former Red Sox rival Kevin Youkilis officially joined the New York Yankees on Friday when he signed a one-year contract to fill a void left by the absence of Alex Rodriguez, the American League team said.The three-time All-Star, 33, will serve as the starting third baseman with slugger Rodriguez expected to be sidelined until midseason after having surgery on his left hip.The...

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Fixed mortgage rates rise above record lows

WASHINGTON (AP) — Fixed mortgage rates rose slightly this week off their record lows. The year ends much like it began, with few people able to take advantage of the best rates in history.Freddie Mac says the average on the 30-year home loan increased to 3.95 percent from 3.91 percent. Last week's rate was the lowest average on records dating to the 1950s.The average on the 15-year fixed mortgage...

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Fixed mortgage rates end year above record lows

WASHINGTON (AP) — Fixed mortgage rates rose slightly this week off their record lows. The year ends much like it began, with few people able to take advantage of the best rates in history.Freddie Mac said Thursday that the average on the 30-year home loan increased to 3.95 percent from 3.91 percent. Last week's rate was the lowest average on records dating to the 1950s.The average on the 15-year...

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Credit score focus of new celeb-backed debit card

NEW YORK (AP) — Personal finance media personality Suze Orman is thinking big. She's the   first out of the gate in the fast-growing prepaid debit card market with a card that aims to help its users build a credit score. It's a gamble that could pay off, if it can help create a way measure the creditworthiness of millions who function outside the traditional financial system.The latest...

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Venezuelans take in shifting news on Chavez health

CARACAS, Venezuela (AP) — Venezuelans began 2013 with a respite from shifting news about the health of President Hugo Chavez, who hasn't been seen in public since his fourth cancer-related surgery three weeks ago.The country was largely peaceful Tuesday after a New Year's Eve that saw a main government-organized celebration canceled due to Chavez's illness.Jorge Rodriguez, a Chavez ally and mayor...

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Venezuelan VP says he has visited Chavez twice

CARACAS, Venezuela (AP) — Venezuela's vice president says he has visited ailing President Hugo Chavez twice in Cuba and plans to return home to Caracas.Vice President Nicolas Maduro says he spoke with Chavez during their visits. Maduro says the president has "the same strength as always," despite a health situation that he described as complex three weeks after his cancer surgery.Maduro says he will...

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Venezuelans on edge amid shifting news on Chavez

CARACAS, Venezuela (AP) — Supporters and opponents of President Hugo Chavez alike nervously welcomed the new year Tuesday, left on edge by shifting signals from the government about the Venezuelan leader's condition three weeks after cancer surgery in Cuba.With rumors swirling that Chavez had taken a turn for the worse, Vice President Nicolas Maduro said in a televised interview in Cuba that he had...

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Employer wins relief from U.S. contraceptives mandate

(Reuters) - A divided federal appeals court has temporarily barred the U.S. government from requiring an Illinois company to obtain insurance coverage for contraceptives, as mandated under the 2010 healthcare overhaul, after the owners objected on religious grounds.More than 40 lawsuits are challenging a requirement in the Patient Protection and Affordable Care Act that requires most for-profit companies...

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FDA approves Salix's diarrhea drug for HIV/AIDS patients

(Reuters) - U.S. health regulators approved Salix Pharmaceuticals Ltd's drug to treat diarrhea in HIV/AIDS patients on antiretroviral therapy, a combination of medicines used to treat HIV infection.Diarrhea is a common reason why HIV/AIDS patients discontinue or switch their antiretroviral therapies.The drug, called Fulyzaq, is intended to be used in HIV/AIDS patients whose diarrhea is not caused...

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Texas judge OKs ban on Planned Parenthood funding

AUSTIN, Texas (AP) — Texas can cut off funding to Planned Parenthood's family planning programs for poor women, a state judge ruled Monday, requiring thousands to find new state-approved doctors for their annual exams, cancer screenings and birth control.Judge Gary Harger said that Texas may exclude otherwise qualified doctors and clinics from receiving state funding if they advocate for abortion...

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Ivory Coast New Year's death toll rises to 64

ABIDJAN, Ivory Coast (AP) — Ivory Coast's health minister says the death toll in the New Year's stampede has risen to 64.Health Minister Raymonde Goudou, speaking to the press, said three more people died in addition to the 61 who were killed from being trampled when thousands left a New Year's fireworks display. She said 26 people who had been missing after the chaos of the stampede were located...

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Mali's Ansar Dine: Islamists to resume hostilities

BAMAKO, Mali (AP) — An Islamist group in northern Mali says it's suspending its pledge to halt hostilities less than a month after it agreed to do so.The group Ansar Dine said negotiations with the Malian government are ultimately aimed at a military intervention to oust the Islamists, and are not true peace talks. Still, the group said that it remains committed to a dialogue with the Malian government...

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Nigeria police: Hyundai paid $187K to free workers

LAGOS, Nigeria (AP) — Hyundai Heavy Industries Co. paid about $187,000 to free four abducted South Korean workers and their local colleague, a lucrative ransom showing the continuing allure of kidnapping in Nigeria's oil-rich southern delta, police said Friday.South Korean officials declined to say whether they paid a ransom when announcing the hostages' release on Dec. 22, following the pattern of...

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BAMAKO, Mali (AP) — An Islamist group in northern Mali says it's suspending its pledge to halt hostilities less than a month after it agreed to do so. The group Ansar Dine said negotiations with the Malian government are ultimately aimed at a military intervention to oust the Islamists from the West African nation and are not true peace talks. Still, the group said it remains committed to a dialogue with the Malian government in Bamako even though it is keeping its military options open. The original offer had drawn skepticism from some observers, who noted the group's links to al-Qaida's North Africa branch. Ansar Dine, which says it seeks autonomy for northern Mali, has been behind public executions, amputations and whippings in the aDifferent challenges in Central African Rep., Mali rea that it seized last year.

BANGUI, Central African Republic (AP) — Two land-locked, desperately poor African countries are gripped by rebellions in the north that have left huge chunks of both nations outside of government control. Neighboring countries are rushing troops into Central African Republic only a few weeks after rebels started taking towns but Mali's government is still awaiting foreign military help nearly one...

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Mali's Islamists withdraw cease-fire pledge

BAMAKO, Mali (AP) — An Islamist group in northern Mali says it's suspending its pledge to halt hostilities less than a month after it agreed to do so.The group Ansar Dine said negotiations with the Malian government are ultimately aimed at a military intervention to oust the Islamists from the West African nation and are not true peace talks. Still, the group said it remains committed to a dialogue...

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Low prices boost SF home sales to 5-year Jan. high

Home sales in the San Francisco Bay area reached a five-year high for January, as prices and mortgage rates plunged, a real estate tracking firm reported Thursday.However, many of those purchases involved properties that were subject to foreclosures or short sales, indicating the housing market is far from recovered.The survey by San Diego-based DataQuick also showed the median sales price in the...

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Why the Slowest Investors Win the Race

Anyone who attended kindergarten remembers Aesop's fable about the tortoise and the hare. The story's moral has implications for investors: Slow but steady wins the race.Hare investors try to sprint to the finish line of a comfortable retirement without girding their portfolios against the perils of volatility — frequent ups and downs in asset value. So they tend to lag far behind tortoise investors,...

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US rate on 30-year mortgage hits record 3.83 pct.

WASHINGTON (AP) — Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week. Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify.Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan ticked down to 3.83 percent. That's the lowest since long-term mortgages began in the 1950s. And it's...

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Governor sues NCAA over Penn State sex scandal

 Pennsylvania Governor Tom Corbett filed a lawsuit on Wednesday demanding that sanctions imposed on Penn State University over the Jerry Sandusky sex scandal be thrown out, saying they threatened to devastate the state's economy.Corbett called the sanctions imposed by the National Collegiate Athletic Association, or NCAA, which include an unprecedented $60 million fine, "overreaching and unlawful.""I...

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India may suspend lawmakers accused of sex crimes

NEW DELHI (AP) — Indian lawmakers facing sexual assault charges could be suspended from office if the country's top court rules in favor of a petition submitted after a gang-rape and murder that shocked the country.Six state lawmakers are facing rape prosecutions and two national parliamentarians are facing charges of crimes against women that fall short of rape, said Jagdeep S. Chhokar, an official...

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After ‘fiscal cliff’ drama, Republicans take it easy at closed-door meeting

WASHINGTON--Finally, a night of calm on Capitol Hill.Beleaguered House Republicans held a closed-door meeting on the Hill Wednesday for what turned out to be a mundane gathering that followed weeks of battles over how to avoid the so-called fiscal cliff. The members, many who just seemed relieved that the fiscal cliff ordeal was, for now, finished, discussed amendments to a series of procedural rules...

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