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U.S. stocks tumble as high oil price weighs
NEW YORK — US stocks sank Monday as traders worried about the high price of oil and after the Group of 20 major economies snubbed Europe’s call for more aid to fight the eurozone debt crisis. The Dow Jones Industrial Average was down 54.00 points (0.42 percent) to 12,928.95 in…
U.S. vows no change in Afghan war strategy
WASHINGTON — The US military has no plans to alter its troop drawdown timetable in Afghanistan despite a week of deadly unrest over the burning of the Koran at an American base, the Pentagon said Monday. Defense Secretary Leon Panetta and top US military officer General Martin Dempsey both “believe…
Smartphone meets tablet as makers look at big picture
BARCELONA — Mobile phone makers used to sell the ‘small is beautiful’ concept but at this year’s world mobile fair, some are inching towards tablet sizes amid a shift towards a new hybrid category. South Korean maker LG’s new Optimus Vu for example, has a five inch display, much larger…
Piracy threatens West Africa oil expansion
UNITED NATIONS — Piracy is a growing threat to West Africa’s plans to double oil production over the next decade and is already having a devastating impact on ports, the UN Security Council was warned Monday. A growing number of attacks are being recorded in the Gulf of Guinea and…
TransCanada makes new push for Keystone XL oil pipeline
OTTAWA — TransCanada Corp announced Monday it would go ahead with construction of part of its Keystone XL oil pipeline that does not require US presidential approval, a stretch from the state of Oklahoma to the US Gulf Coast. The company also said it will resubmit its proposal for the…
Murdoch’s ‘Sun’ newspaper found to be illegally paying sources
LONDON (Reuters) – Journalists at Britain’s Sun newspaper paid large sums of cash to corrupt public officials, aware the practice was criminal, an inquiry into press ethics heard on Monday, revelations that could prove damaging to Rupert Murdoch’s media empire. The police officer heading three criminal inquires centered on Murdoch’s…
Former President Bill Clinton among Nobel Prize nominees
OSLO (Reuters) – Tunisian President Moncef Marzouki, alleged WikiLeaks whistleblower Bradley Manning, and former President Bill Clinton may be among the hundreds of nominees for the 2012 Nobel Peace Prize, rights activists say. The list of nominees, which is now officially closed for this year, is secret and Nobel officials…
New app designed for TV channel surfing
SAN FRANCISCO (Reuters) – Channel surfers know that finding a great show to watch on televisioncan be a daunting task, especially among the hundreds of channels available. Peel, an app for iOS and Android, aims to solve the problem by providing personalized recommendations based on the television shows that users already…
Nokia eyes China in smartphone comeback push
Mobile phone giant Nokia on Monday looked to a launch in China to help it stage a comeback in the fiercely competitive smartphonemarket after a dismal 2011. On the opening day of Mobile World Congress, where tens of thousands of executives from the industry have gathered, the phone maker said it would push its…
Poles turn to Internet to circumvent new pet breeding laws
Poles have turned to cyberspace to circumvent a new animal rights law in Poland forbidding the sale of dogs and cats without a breeding licence, which had been intended to stamp out cruelty to animals. The law, which came into force on January 1, was intended to tackle the appalling conditions in which some unlicensed breeders kept…
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