Asian shares drift, Basel ruling supports banks

SINGAPORE (Reuters) - Asian stocks drifted on Monday as investors booked profits from a New Year rally that had pushed markets to multi-month highs, but financial stocks gained after global regulators decided to relax draft plans for tough new bank liquidity rules. Commodity prices mostly held firm, supported by data showing the U.S. economy continuing on a path of slow but steady recovery...

Read More..

Memo From London: Argentina’s Call for Return of Falkland Islands Causes a Stir

LONDON — They have barely 3,000 inhabitants and far more sheep than people. They are more than 8,700 miles from London. For much of the year, they are bitterly cold and wind-swept, with only open sea and ice between them and Antarctica. President Ronald Reagan, who tussled with Margaret Thatcher over them as he rarely did on any other issue that engaged the two leaders, described them once as “that...

Read More..

We Salute the First Baby Senator

We realize there’s only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today:RELATED: Claire McCaskill and How to Attack the Opponent You’re Rooting ForHere’s our suggestion to improve...

Read More..

Bethenny Frankel Divorcing Jason Hoppy

By Sarah Michaud 01/05/2013 at 05:00 PM EST Bethenny Frankel and Jason Hoppy Albert Michael/Startraks It's official – Bethenny Frankel and Jason Hoppy's marriage is over.Having announced a separation over the holidays, the reality star began the divorce process...

Read More..

FDA: New rules will make food safer

WASHINGTON (AP) — The Food and Drug Administration says its new guidelines would make the food Americans eat safer and help prevent the kinds of foodborne disease outbreaks that sicken or kill thousands of consumers each year.The rules, the most sweeping food safety guidelines in decades, would require farmers to take new precautions against contamination, to include making sure workers' hands are...

Read More..

"Cliff" concerns give way to earnings focus

NEW YORK (Reuters) - Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week. Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter's lackluster results. As a warning sign, analyst current...

Read More..

Crackdowns Make Fleeing North Korea Harder

Woohae Cho for the International Herald TribuneThe Rev. Kim Seung-eun at his church in Cheonan, a center for activists who help smuggle refugees from North Korea. CHEONAN, South Korea — The Rev. Kim Seung-eun said he could measure the increasing difficulty of smuggling people out of North Korea by the higher cost of bribing North Korean soldiers on the Chinese border to look the other way. ...

Read More..

The Death of E-Readers Is All Your Fault

So there’s a reading gadget and a reading gadget with Angry Birds Star Wars. Which do you pick? Well, you, cultured person that you are, would select the dedicated e-reader, of course, just like you would rather watch Frontline instead of Honey Boo Boo, or pick up Vanity Fair instead of Us Weekly on the checkout line. Or at least that’s what the ideal version of yourself would...

Read More..

Courteney Cox: I'll 'Show My Boobs' on the New Season of Cougar Town

TV Watch 01/04/2013 at 08:00 PM EST Courteney Cox is taking the term "boob tube" literally.The Cougar Town star, 48, whose show moves from ABC to TBS on Jan. 8, eagerly anticipates more um, revealing scenes once the program makes its way to the cable network. "You will not see one scene that I don't show my...

Read More..

FDA proposes sweeping new food safety rules

WASHINGTON (AP) — The Food and Drug Administration on Friday proposed the most sweeping food safety rules in decades, requiring farmers and food companies to be more vigilant in the wake of deadly outbreaks in peanuts, cantaloupe and leafy greens.The long-overdue regulations could cost businesses close to half a billion dollars a year to implement, but are expected to reduce the estimated 3,000 deaths...

Read More..