Wall Street Week Ahead: "Cliff" worries may drive tax selling

NEW YORK (Reuters) - Investors typically sell stocks to cut their losses at year end. But worries about the "fiscal cliff" - and the possibility of higher taxes in 2013 - may act as the greatest incentive to sell both winners and losers by December 31. The $600 billion of automatic tax increases and spending cuts scheduled for the beginning of next year includes higher rates for capital...

Read More..

Egypt military calls for dialogue to avoid "dark tunnel"

CAIRO (Reuters) - Egypt's military on Saturday urged rival political forces to solve their disputes via dialogue and said the opposite would drag the country into a "dark tunnel", which it would not allow. A statement by the military spokesman read on state media made no mention of President Mohamed Mursi, but said a solution to the political crisis roiling the most populous Arab nation...

Read More..

Netflix says CEO’s Facebook post triggered SEC notice

SAN FRANCISCO (Reuters) – Netflix Inc said on Thursday securities regulators warned they may bring civil action against the company and its chief executive for violating public disclosure rules with a Facebook post, in a case that raises questions about how public companies communicate on social media.The high-profile Silicon Valley CEO, Reed Hastings, dismissed the contention and said he did not...

Read More..

It's a Girl for Gisele Bïndchen & Tom Brady

Mom & Babies Celebrity Baby Blog 12/07/2012 at 07:45 AM ET Matt Baron/BEImagesIt’s a girl!Supermodel Gisele Bündchen and New England Patriots quarterback Tom Brady welcomed their second child together on Dec. 5.Daughter Vivian Lake was born at home and joins big brothers Benjamin Rein, who turns...

Read More..

Celebrations planned as Wash. legalizes marijuana

SEATTLE (AP) — Legal marijuana possession becomes a reality under Washington state law on Thursday, and some people planned to celebrate the new law by breaking it.Voters in Washington and Colorado last month made those the first states to decriminalize and regulate the recreational use of marijuana. Washington's law takes effect Thursday and allows adults to have up to an ounce of pot — but it bans...

Read More..

Stock futures dip ahead of jobs report

NEW YORK (Reuters) - The stock index futures dipped slightly on Friday as investors remained cautious ahead of a key monthly jobs report which was expected to have been impacted by Sandy, a massive storm that swept through the U.S. Northeast. U.S. non-farm employment, due at 8:30 a.m. ET (1330 GMT), is forecast to have risen by 93,000 jobs in November after gaining 171,000 in October,...

Read More..

Egypt struggle seen costing Mursi, even if he wins

CAIRO (Reuters) - The crisis unleashed by President Mohamed Mursi's bid to wrap up Egypt's transition on his own terms has eroded his nation's faith in their nascent democracy and will complicate the already unenviable task of government. His effort to drive through a constitution against the wishes of major sections of society, including a Christian minority, has damaged prospects for...

Read More..

Zynga Wants to Get into the Gambling Business

Zynga recently filed a preliminary application for a gambling license in Nevada. We’re not talking about gambling with Farmville credits, either. We’re talking cold hard cash.RELATED: Irish Olympic Athlete Accused of Betting on an OpponentGetting a gaming license is no easy task in Nevada. The paperwork that Zynga filed this week is just the beginning of a process that the company’s executives...

Read More..

Jessica Biel: Having Someone to Swim Naked with Is a Perk of Marriage

12/06/2012 at 08:00 AM EST Perks of married life continue to come easy for Jessica Biel.After recently telling Ellen DeGeneres that the "most wonderful thing" about being Justin Timberlake's wife is getting to call him her "husband," the Hitchcock star, 30, tells Elle magazine in its January issue that she...

Read More..

Celebrations planned as Wash. legalizes marijuana

SEATTLE (AP) — Legal marijuana possession becomes a reality under Washington state law on Thursday, and some people planned to celebrate the new law by breaking it.Voters in Washington and Colorado last month made those the first states to decriminalize and regulate the recreational use of marijuana. Washington's law takes effect Thursday and allows adults to have up to an ounce of pot — but it bans...

Read More..