Wall Street dips, focus shifts back to fiscal, Europe worries

NEW YORK (Reuters) - Stocks fell on Wednesday, erasing earlier gains, as strong earnings from technology bellwether Cisco weren't enough to offset investor anxiety over U.S. budget negotiations and Europe's economic troubles. Wall Street had opened higher after Dow component Cisco Systems Inc reported first-quarter earnings and revenue late Tuesday that beat expectations, driving its...

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Israelis Kill Hamas Military Commander in Gaza

ReutersPalestinians extinguished a fire after an Israeli airstrike on a car carrying Ahmed al-Jabari, who ran Hamas's military wing, on Wednesday in Gaza City. GAZA — The Israeli military carried out multiple airstrikes in Gaza on Wednesday and blew up a car carrying the commander of the Hamas military wing, making him the most senior official of the group to be killed by the Israelis since their...

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When Facebook insiders, employees can sell stock

On Wednesday, additional Facebook stock became eligible for sale for the first time. It follows the expiration of similar lock-up periods in August and October. Other shares will become eligible for sale in the coming months.Up to 1.56 billion more shares could flood the stock market — nearly four times the 421 million shares that had been trading since...

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It's a Boy for Tamera Mowry-Housley

Mom & Babies Celebrity Baby Blog 11/13/2012 at 10:45 AM ET Katee Grace He’s finally here!Tamera Mowry-Housley delivered a son, Aden John Tanner Housley, on Monday, Nov. 12 at Cedars-Sinai Medical Center in Los Angeles, PEOPLE confirms.This is the first child for the Tia & Tamera star, 34, and...

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British medical journal slams Roche on Tamiflu

LONDON (AP) — A leading British medical journal is asking the drug maker Roche to release all its data on Tamiflu, claiming there is no evidence the drug can actually stop the flu.The drug has been stockpiled by dozens of governments worldwide in case of a global flu outbreak and was widely used during the 2009 swine flu pandemic.On Monday, one of the researchers linked to the BMJ journal called for...

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Wall Street gains, led by retail sector

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Top U.S. Commander in Afghanistan Is Linked to Petraeus Scandal

PERTH, Australia — Gen. John R. Allen, the top American and NATO commander in Afghanistan, has become ensnared in the scandal over an extramarital affair acknowledged by David H. Petraeus, a former general. General Allen is being investigated for what a senior defense official said early Tuesday was “inappropriate communication” with Jill Kelley, a woman in Tampa, Fla., who was seen by Mr. Petraeus’s...

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At Mao-style conclave, China embraces Twitter age

BEIJING (AP) — During China’s last party congress, the cadres in charge of the world’s most populous nation didn’t know a hashtag from a hyperlink. But five years on, there’s a new message from Beijing: The political transition will be microblogged.Party officials have this fall embraced social media with unprecedented enthusiasm, hoping it can help guide...

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