Mark Cuban: Nokia Lumia 920 ‘crushes’ the iPhone 5

In the eyes of outspoken entrepreneur Mark Cuban, the battle for smartphone supremacy has been fought and won… by Nokia (NOK). While hosting an AMA session on Reddit — a series of posts where the original poster instructs Reddit users to “Ask Me Anything” — Cuban, who famously sold Broadcast.com to Yahoo (YHOO) for around $5 billion at the height of the dot-com boom, was asked what kind of laptop...

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If Santa Were a Hipster

Shot like a twee Wes Anderson movie, Fourgrounds Media reimagines Santa as a black-bearded dude who looks more like he's from Williamsburg than the North Pole. This Santa plays Radiohead on his ukulele, is into both vinyl and Instagram, smoking and veganism. His idea of a good gift for a child is an iPod loaded with Arcade Fire selections and, of course, he keeps his tunes list in the cloud.[More...

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The Problem With Windows 8

We now know what we've suspected for months: Windows 8 isn't selling very well. We've seen the pattern since Microsoft's big launch event in late October -- the mixed reviews, the cautionary words from hardware manufacturers, the desperate fast-tracking of plans to expand the retail availability of the Surface -- but now we've got numbers.[More from Mashable: How to Track Santa on Christmas Eve in...

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Samsung expects to ship more than half a billion phones in 2013

Samsung (005930) had a big year and despite some legal setbacks, the company saw record profits led by its mobile division. In 2012, Samsung became the world’s largest cell phone vendor with shipments estimated to have reached about 420 million units. According to the Korea Times, the company expects to ship 510 million phones in 2013, an increase of 20% over this year. More than half, or 390 million,...

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Review: Making Facebook a warmer, smaller space

 A woman I haven't spoken to in six years is pregnant with her second son. Another college acquaintance reads the Bible a lot. A high school classmate likes to rant about politics. A college dormmate thinks he works too much.On Facebook, I'm connected to a lot of people who are not my friends. Over the years, as my Facebook friend list grows, it's made me increasingly uncomfortable that I seem...

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Alexza's agitation drug gets FDA approval

 Alexza Pharmaceuticals Inc said the U.S. health regulators approved Adasuve, making it the first treatment for schizophrenia and bipolar disorder that can be inhaled.Adasuve, which delivers an older antipsychotic drug called loxapine, passes through the lungs and into the bloodstream faster than a typical pill. Loxapine is available as an oral drug for schizophrenia.The company said the product...

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Judge denies Texas request for feds to keep funding health program

A judge on Friday denied a request by Texas for an order requiring the federal government to continue providing money for a state health program for low-income women.U.S. District Judge Walter Smith in Waco, Texas, denied the state's motion for a preliminary injunction that would have prevented the federal Centers for Medicare & Medicaid Services from cutting off Medicaid money for the Women's...

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Lawmakers play waiting game with 'fiscal cliff' deadline in sight

 With only a week left before a deadline for the United States to go over a "fiscal cliff," lawmakers played a waiting game on Monday in the hope that someone will produce a plan to avoid harsh budget cuts and higher taxes for most Americans from New Year's Day.Though Republicans and Democrats have spent the better part of a year describing a plunge off the cliff as a looming catastrophe, the...

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UCB gets Japan clearance for two new drugs

Belgian pharmaceutical company UCB has secured two regulatory clearances in Japan, further cementing its worldwide shift to a new generation of drugs.The company said in a statement on Tuesday that the Japanese Ministry of Health, Labour and Welfare had approved UCB's Neupro patch to treat Parkinson's disease and moderate-to-severe Restleg Legs Syndrome in adults.Otsuka Pharmaceutical has the exclusive...

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One in 12 in military has clogged heart arteries

Just over one in 12 U.S. service members who died in the Iraq and Afghanistan wars had plaque buildup in the arteries around their hearts - an early sign of heart disease, according to a new study.None of them had been diagnosed with heart disease before deployment, researchers said."This is a young, healthy, fit group," said the study's lead author, Dr. Bryant Webber, from the Uniformed Services...

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Toll Brothers 4Q net income soars on tax benefit

 Toll Brothers says its fiscal fourth-quarter net income soared, helped by a large income tax benefit and a 48 percent rise in revenue. The luxury homebuilder delivered more homes and its order backlog increased.CEO Douglas C. Yearley Jr. said in a statement on Tuesday that higher home prices, low interest rates, pent-up demand and improving consumer confidence prompted buyers to return to the...

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IRS finalizes new tax for medical devices in healthcare law

The U.S. Internal Revenue Service on Wednesday released final rules for a new tax on medical devices, products ranging from surgical sutures to knee replacement implants, that starts next year as part of President Barack Obama's 2010 healthcare law.The 2.3-percent tax must be paid, effective after December 31, by device-makers on their gross sales. The tax is expected to raise $29 billion in government...

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H&R Block 2Q loss narrows as revenue rises

 H&R Block's fiscal second-quarter loss narrowed, helped by cost-cutting efforts. Revenue climbed mostly because of a strong tax season in Australia.The nation's largest tax preparation company typically turns in a loss in the August-to-October period because it takes in most of its revenue during the U.S. tax season. H&R Block's quarterly performance beat analysts' estimates and its...

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Tax filing delay looms if no fix for minimum tax: IRS

The top U.S. tax collector warned on Thursday of a delayed start to 2013's tax season if Congress fails to reset the alternative minimum tax (AMT) on high-income taxpayers so that it does not sweep in millions of middle-income people.Without another adjustment by lawmakers soon to the AMT, "many of us will see a delayed filing season," said Steven Miller, named just last month as Internal Revenue...

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Oregon governor says Nike plans to hire thousands

Sporting goods giant Nike plans to expand its operations in Oregon and hire as many as 12,000 new workers by 2020 but wants the government to promise it won't change the state tax code, prompting a special session of the Legislature.Gov. John Kitzhaber said he'll call lawmakers together Friday in Salem to create a new law authorizing him to grant Nike's wish.The governor did not release information...

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Internet regulation seen at national level as treaty talks fail

SAN FRANCISCO (Reuters) - The world's major Internet companies, backed by U.S. policymakers, got much of what they wanted last week when many nations refused to sign a global telecommunications treaty that opponents feared could lead to greater government control over online content and communications.In rejecting even mild Internet language in the updated International Telecommunications Union treaty...

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Israel sees new US poise, including military, to curb Iran

JERUSALEM (Reuters) - U.S.-led efforts to curb Iran's nuclear program have resumed since President Barack Obama's re-election and include preparation for possible military action, a senior Israeli official said on Tuesday.The remarks by Vice Prime Minister Moshe Yaalon suggested cautious optimism at prospects for an international resolution to the decade-old standoff with Tehran, though Israel says...

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Three burning questions loom as RIM gets ready to report

Some people say that the November quarter that Research In Motion (RIMM) will report this week is not important. They are wrong. Even though the new BlackBerry model range debuting in 2013 is the key for RIM’s long-term survival, there are three issues that are vitally important for the company right now. RIM must keep certain aspects of its performance from caving in before the new phones begin trickling...

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New Android botnet discovered across all major networks

A new Android spam botnet has been discovered across all major networks that sends thousands of text messages without a user’s permission, TheNextWeb reported. The threat, which is known at SpamSoldier, was detected on December 3rd by Lookout Security in cooperation with an unnamed carrier partner. The malware is said to spread through a collection of infected phones that send text messages, which...

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16 Things You Forgot Happened in 2012

1. GoDaddy Supported SOPA and Faced the ConsequencesTechnically this debacle took place in the last week of 2011, but the backlash lasted well into 2012. GoDaddy, the popular domain registrar and web hosting company, showed early support for the Stop Online Piracy Act (SOPA), a hotly contested bill regarding copyright violations that was introduced by U.S. Representative Lamar S. Smith. Many Internet...

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Afghan leader: Foreigners to blame for corruption

KABUL, Afghanistan (AP) — Afghanistan's president accused on Saturday the countries that fund his government and military with enabling the widespread corruption that undermines his efforts to establish rule of law in the war-wracked country.Graft and payoffs are widely recognized as a major problem facing Afghanistan as the government works to establish authority over a volatile country and win the...

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Mob in Pakistan kills man accused of burning Quran

KARACHI, Pakistan (AP) — A mob in southern Pakistan stormed a police station to seize a mentally unstable Muslim man accused of burning a copy of Islam's holy book, beat him to death, and then set his body afire, police said Saturday.The case is likely to raise further concerns about the country's harsh blasphemy laws, which can result in a death sentence or life in prison to anyone found guilty....

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Pakistan says 29 nationals beaten by Afghans

KABUL, Afghanistan (AP) — Afghan officials say they are investigating allegations by neighboring Pakistan that Afghan forces severely beat Pakistani nationals.The Saturday protest note from Islamabad's Foreign Office provided no details other than to say that all 29 had valid travel documents.Afghan Foreign Ministry spokesman Janan Mosazai says he has no information about the allegations, but Kabul...

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Bombing at political rally kills 8 in Pakistan

Bombing at political rally kills 8 in PakistanPESHAWAR, Pakistan (AP) — Pakistani police say a suicide bomber attacked a political rally in the country's northwest, killing eight people.Police officer Arfan Khan says the bombing Saturday in Peshawar, the capital of Khyber Pakhtunkhwa province, also wounded more than 20 people.Khan says the rally was being held by the Awami National Party, whose members...

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Bombing at political rally kills 9 in Pakistan

PESHAWAR, Pakistan (AP) — A suicide bomber in Pakistan killed nine people including a provincial government official at a political rally held Saturday by a party that has opposed the Taliban, officials said.The rally in Peshawar, the capital of northwestern Khyber Pakhtunkhwa province, was held by the Awami National Party, whose members have been repeatedly targeted by the Taliban.Among the dead...

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ICE's NYSE swoop creates derivatives giant

LONDON/NEW YORK (Reuters) - IntercontinentalExchange Inc agreed as part of its $8.2 billion takeover of NYSE Euronext to pay the New York Stock Exchange operator a termination fee of $750 million if it fails to gain antitrust clearances, suggesting a high level of confidence the deal will go through.Big Board parent NYSE could get out of the arrangement for a fee of $300 million if a sweeter deal...

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Stocks sink after Republicans cancel budget vote

NEW YORK (AP) — Investors sent Washington a reminder Friday that Wall Street is a power player in talks to avoid the "fiscal cliff."Stocks fell sharply after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts are scheduled to take effect.The Dow Jones industrial average lost as much as 189 points...

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Titan Advisors withdraws funds from SAC Capital - WSJ

(Reuters) - Titan Advisors LLC has decided to withdraw all of its money from the hedge fund firm SAC Capital Advisors LP, the Wall Street Journal reported on Friday, as SAC faces scrutiny because of several employees linked to insider-trading charges.It's unclear how much money Titan, an asset-management firm based in New York, had invested with SAC for its clients, although it has $3 billion invested...

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Wall Street ends lower after "fiscal cliff" setback

NEW YORK (Reuters) - U.S. stocks finished lower on Friday after a Republican plan to avoid the "fiscal cliff" failed to gain sufficient support on Thursday night, draining hopes that a deal would be reached before 2013.Still, stocks managed to rebound from the day's lows near the end of the session, and for the week, the three major U.S. stock indexes still ended higher, with the S&P 500 gaining...

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Wall Street Week Ahead: A lump of coal for 'Fiscal Cliff-mas'

NEW YORK (Reuters) - Wall Street traders are going to have to pack their tablets and work computers in their holiday luggage after all.A traditionally quiet week could become hellish for traders as politicians in Washington are likely to fall short of an agreement to deal with $600 billion in tax hikes and spending cuts due to kick in early next year. Many economists forecast that this "fiscal cliff"...

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A Minute With: Jessica Chastain on "Zero Dark Thirty"

NEW YORK (Reuters) - Jessica Chastain carries the weight of starring in one of the year's most anticipated films, "Zero Dark Thirty," about the decade-long hunt and eventual killing of Osama bin Laden.Critics say Chastain pulls it off seamlessly as "Maya," based on a real-life CIA agent who played a major role in tracking down bin Laden at his hideout in Pakistan.As the film opens in limited U.S....

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"Breakfast at Tiffany's," "Dirty Harry" among U.S. film treasures

NEW YORK (Reuters) - The U.S. National Film Registry on Wednesday named 25 films to be preserved as cultural treasures, ranging from Audrey Hepburn's 1961 classic "Breakfast at Tiffany's" to Clint Eastwood's "Dirty Harry" and the sci-fi action movie "The Matrix."The film list also includes the 1992 female ensemble comedy-drama, "A League of Their Own," directed by Penny Marshall, and "Born Yesterday,"...

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