Labor market brightens, consumers step up spending

WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits fell sharply last week to a near four-year low and retail sales rebounded in November, hopeful signs for the struggling economic recovery.Initial claims for state unemployment aid fell for a fourth straight week, dropping 29,000 to a seasonally adjusted 343,000, the Labor Department said on Thursday. They are now...

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Cuban lawmakers meet to consider economy, budget

HAVANA (AP) — Cuban lawmakers are holding the second of their twice-annual sessions with a year-end report expected on the state of the country’s economy.Legislators are also to approve next year’s budget.Cuban leaders have sometimes used the parliamentary gatherings to make important announcements or policy statements.Observers will be watching for word on the progress of President Raul Castro‘s...

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Most Googled in 2012: Whitney, PSY, Sandy

LOS ANGELES (AP) — The world’s attention wavered between the tragic and the silly in 2012, and along the way, millions of people searched the Web to find out about a royal princess, the latest iPad, and a record-breaking skydiver.Whitney Houston was the “top trending” search of the year, according to Google Inc.’s year-end “zeitgeist” report. Google‘s 12th annual roundup is “an in-depth look at the...

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Germany passes law to protect circumcision after outcry

BERLIN (Reuters) – German politicians passed a law on Wednesday to protect the right to circumcise infant boys in a show of support for Muslims and Jews angered by a local court ban on the practice in May.The ban – imposed on the grounds that circumcision amounted to “bodily harm” – triggered an emotional debate over the treatment of Jews and other religious minorities, a sensitive subject in a country...

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Fed sends clearer signal on keeping rates low

WASHINGTON (AP) — The Federal Reserve sent its clearest signal to date Wednesday that it will keep interest rates super-low to boost the U.S. economy even after the job market has improved significantly.The Fed says it plans to keep its key short-term rate near zero at least until the unemployment rate drops below 6.5 percent — as long as expected inflation remains no more than 2.5 percent. Unemployment...

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The Hobbit: Richard Armitage Talks Preparations For Playing Thorin Oakenshield

British actor Richard Armitage admitted it wasn’t a walk in the park to play a J.R.R. Tolkien character in Peter Jackson’s reimagining of “The Hobbit,” the first installment of which is on its way into theaters.Upon touching down in New Zealand, where the trilogy was shot, the cast had a lot of character preparation to do.PLAY IT NOW: Martin Freeman Discusses The Hobbit’s ‘Good Chemistry’ & Playing...

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Web host Go Daddy appoints former Yahoo executive as CEO

(Reuters) – Go Daddy, one of the world’s biggest Internet hosting firms, appointed Yahoo Inc‘s former Chief Product Officer Blake Irving as chief executive.He will take over from interim CEO Scott Wagner on January 7. Irving left Yahoo, where he headed a centralized products group that straddled several client types, on April 27.“Blake Irving’s deep technology experience and his history of developing...

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FX orders “Tyrant” from “Homeland” producers

NEW YORK (TheWrap.com) – FX has ordered the Middle Eastern drama pilot “Tyrant” from “Homeland” producers Howard Gordon and Gideon Raff, as well as “Six Feet Under” and “Lost” producer Craig Wright.The pilot follows an American family drawn into the troubles of a turbulent Middle Eastern nation. The series, written and created by Raff, was developed by Gordon and Wright. The pilot comes from Gordon’s...

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APNewsBreak: DA investigating Texas cancer agency

AUSTIN, Texas (AP) — The Texas prosecutor responsible for investigating public corruption among state officials says he has opened an investigation into the state’s troubled $ 3 billion cancer-fighting agency.Gregg Cox is director of the Travis County district attorney‘s public integrity unit. He told The Associated Press on Tuesday that an investigation has begun into the Cancer Prevention and Research...

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Petrol strike threatens to cause chaos and hit economy in Italy

ROME (Reuters) – Italian petrol stations began a 60-hour strike late on Tuesday to protest against rising costs and falling profits, causing long queues as drivers rushed to fill up before pumps closed.Hitting at the peak shopping period before Christmas, the strike comes at unwelcome time for retailers. Weak consumer spending has been a key factor in Italy‘s sluggish economy, which has been dipping...

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