Stocks hit session highs after Fed announcement

NEW YORK (Reuters) - Stocks rose to seven-week highs on Wednesday after the Federal Reserve announced a new stimulus plan, its latest attempt to boost the country's struggling economy. The new plan will replace a more modest program due to expire with a fresh round of Treasury purchases that will increase its balance sheet, as was widely expected. The S&P 500 ticked up...

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North Korea's new leader burnishes credentials with rocket

SEOUL/TOKYO (Reuters) - North Korea successfully launched a rocket on Wednesday, boosting the credentials of its new leader and stepping up the threat the isolated and impoverished state poses to opponents. The rocket, which North Korea says put a weather satellite into orbit, has been labeled by the United States, South Korea and Japan as a test of technology that could one day deliver...

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Facebook revises privacy controls in effort to make them more accessible, comprehensible

SAN FRANCISCO – Facebook is trying to make its privacy controls easier to find and understand in an effort to turn the world’s largest social network into a more discreet place.The fine-tuning announced Wednesday will include several revisions that will start rolling out to Facebook Inc.‘s more than 1 billion users in the next few weeks.The biggest change will be a new “privacy shortcuts” section...

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Emilia Clarke as Holly Golightly in Breakfast at Tiffanys

Emilia Clarke, who plays the fierce Daenerys Targaryen (a.k.a Khaleesi) on HBO's Game of Thrones will showcase a much softer, yet no less intense, side when she hits Broadway as Holly Golightly next March in a production of Truman Capote's classic novel, Breakfast at Tiffany's. VIDEO - First Look at Thrones' Third Season Rocking her natural brunette hair, Clarke will be draped in three-time Academy...

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Congress examines science behind HGH test for NFL

WASHINGTON (AP) — A congressional committee has opened a hearing to examine the science behind a human growth hormone test the NFL wants to start using on its players.Nearly two full seasons have passed since the league and the players' union signed a labor deal that set the stage for HGH testing.The NFL Players Association won't concede the validity of a test that's used by Olympic sports and Major...

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Tech titans, "cliff" hopes push indexes up

NEW YORK (Reuters) - Rising shares in technology companies helped push major stock indexes up around 1 percent on Tuesday, as the S&P 500 reached its best levels since mid-October, recouping its post-election selloff. A 3.1 percent gain in Apple Inc's stock lifted the Nasdaq, as the largest U.S. company by market value rebounded from a week in which investors took profits before...

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Egypt army seeks national unity as crisis mounts

CAIRO (Reuters) - Egypt's army chief called for talks on national unity to end the country's mounting political crisis after a vital loan from the IMF was delayed and thousands of pro- and anti-government demonstrators took to the streets. The meeting scheduled for Wednesday afternoon was called in response to an increasingly destabilizing series of protests that has unfolded since President...

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Notorious patent troll hits RIM with new lawsuit, seeks BlackBerry sales ban

Well-known patent troll Wi-LAN has filed a new lawsuit against BlackBerry maker Research In Motion (RIMM) in the U.S. District Court for the Southern District of Florida. Wi-LAN, which describes itself as “a leading intellectual property licensing company,” claims RIM’s BlackBerry smartphones infringe U.S. Patent No. 6,260,168, owned by Wi-LAN, which relates to Bluetooth implementation....

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The Secret to Kyra Sedgwick and Kevin Bacon's Marriage

Award-winning actress Kyra Sedgwick has been married to Kevin Bacon for 24 years in what's shaping up to be of the most enduring and beloved relationships in Hollywood, and in the latest issue of Good Housekeeping, The Closer star dishes on what keeps the two so committed to one another."I don't know how he does it, but he always makes me feel like I'm the most beautiful woman in the room – the only...

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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...

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