Wall Street pauses after rally to five-year high

NEW YORK (Reuters) - Stocks drifted in light volume on Wednesday, ending little changed, as investors remained cautious after the S&P 500 index briefly hit its highest intraday level since November 2007. The S&P 500 was buoyed by General Electric after cable company Comcast Corp said it will buy from GE the the part of NBCUniversal it didn't already own for $16.7 billion. ...

Read More..

South Korea unveils missile it says can hit North's leaders

SEOUL (Reuters) - South Korea unveiled a cruise missile on Thursday that it said can hit the office of North Korea's leaders, trying to address concerns that it is technologically behind its unpredictable rival which this week conducted its third nuclear test. South Korean officials declined to say the exact range of the missile but said it could hit targets anywhere in North Korea. ...

Read More..

Microsoft says Xbox 360 sales have surpassed 76 million units, Kinect sales top 24 million

...

Read More..

Larry Bird's Son Connor Arrested

02/12/2013 at 10:00 PM EST Conner Bird Monroe County Sheriff’s Office/AP Basketball star Larry Bird's son is in trouble with the law.According to CBS Chicago, 21-year-old Connor Bird was involved in an argument with an ex-girlfriend at his apartment on Sunday...

Read More..

Study questions kidney cancer treatment in elderly

In a stunning example of when treatment might be worse than the disease, a large review of Medicare records finds that older people with small kidney tumors were much less likely to die over the next five years if doctors monitored them instead of operating right away.Even though nearly all of these tumors turned out to be cancer, they rarely proved fatal. And surgery roughly doubled patients' risk...

Read More..

Comcast to buy rest of NBC stake for $16.7 billion

(Reuters) - Comcast Corp on Tuesday said it would buy General Electric's remaining 49 percent equity stake in their NBCUniversal joint venture for about $16.7 billion, speeding up a deal that had not been expected until at least late 2014. Analysts said Comcast was getting a good deal at that price, while Comcast's chief executive said the company moved because it was eager to take control...

Read More..

North Korean nuclear test draws anger, including from China

SEOUL (Reuters) - North Korea conducted its third nuclear test on Tuesday in defiance of U.N. resolutions, drawing condemnation from around the world, including from its only major ally, China, which summoned the North Korean ambassador to protest. Pyongyang said the test was an act of self-defense against "U.S. hostility" and threatened stronger steps if necessary. The test...

Read More..

Google may be paying Apple $1 billion a year to be the default search engine in iOS

Google (GOOG) could be paying Apple (AAPL) as much as $ 1 billion a year for the right to the be default search engine on iPhones, iPads and the iPod touch. Scott Devitt of Morgan Stanley praised Google in a recent note to investors, Business Insider reported. The analyst said, “the next Google is Google,” noting that the company is continuing to prove itself in an ever-changing market. He believes...

Read More..

It's a Girl for John Cho

Mom & Babies Celebrity Baby Blog 02/11/2013 at 06:30 PM ET Paul Drinkwater/NBCSurprise: Actor John Cho is a dad again!The Go On star and his wife welcomed a daughter recently, Cho’s rep confirms to PEOPLE exclusively.Baby girl is the second child for the couple, who are also parents to a son. No...

Read More..

Pope shows lifetime jobs aren't always for life

The world seems surprised that an 85-year-old globe-trotting pope who just started tweeting wants to resign, but should it be? Maybe what should be surprising is that more leaders his age do not, considering the toll aging takes on bodies and minds amid a culture of constant communication and change.There may be more behind the story of why Pope Benedict XVI decided to leave a job normally held for...

Read More..