Analysis: For tech investors, it's hard to know when to bolt

When Hewlett-Packard Co agreed to buy British software company Autonomy in August last year for $11.1 billion, two well-known investors made diametrically different bets on how the big deal would play out.To short seller Jim Chanos, who had been raising red flags on Autonomy for years and had started shorting shares of HP in 2011, the deal was another nail in the coffin of the Silicon Valley tech...

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The Trouble with Adam Lanza's DNA

In a rare and now controversial investigation, scientists have been asked by Connecticut's medical examiner to study Sandy Hook shooter Adam Lanza's DNA — but the DNA community doesn't think that's such a good idea. Though details on the research are scant, University of Connecticut geneticists will apparently be looking for biological clues that might explain Lanza's extreme violent behavior. The...

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Apple online customer satisfaction drops to lowest point in four years

In a survey of more than 24,000 customers, Apple’s (AAPL) online customer satisfaction during the Thanksgiving and Christmas shopping seasons was found to be at its lowest in the past four years according to Forsee, an industry analyst firm. Apple slipped out of the top five for highest online customer satisfaction during the holiday shopping season, falling to a score of 80/100 – a drop of three...

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Record-breaking 17.4 million Android and iOS devices activated on Christmas Day; tablets top smartphones

More Android and iOS devices were activated on Christmas Day this year than on any other day. According to analytics firm Flurry, 17.4 million Android and iOS devices were activated during the holiday, an increase of 332% compared to an average of 4 million activations per day. This year’s numbers were found to be more than two and a half times larger than Christmas Day last year, which saw 6.8 million...

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iOS apps see Christmas sales spike shrink in 2012

Distimo just released its statistics on Christmas Day app downloads and revenue growth… and the download spike is far smaller than it was last year. Back in 2011, Christmas Day iOS app download volume spiked 230% above the December average. This year, the increase was just 87% — far below industry expectations. The revenue spike came in at 70%.[More from BGR: Google names 12 best Android apps of 2012]Interestingly,...

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Drugs group Lundbeck's shares hit by profit warning

 Shares in Danish drugs firm Lundbeck fell to their lowest level in over 12 years on Wednesday after it cut its profits forecast for the next two years as European sales slow and spending on new products rise to combat generic competition.The company has already warned that earnings would stall until 2015 due to cheap generic competition for its existing drugs, meaning new products will be vital...

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New Mauritius Hotels posts 25 pct drop in full-year profit

Luxury hotels group New Mauritius Hotels (NMH) reported a 25 percent fall in full-year pretax profit, citing higher finance costs and fewer tourists, and forecast a 15 percent drop in first-quarter earnings.Ranked among the Indian Ocean island's most-traded stocks, NMH said on Wednesday that pretax profit for the year to September 30 fell to 603 million Indian rupees, with earnings per share down...

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FedEx: cost plan can counter sluggish growth

FedEx is more pessimistic about the U.S. economy than it was three months ago, but more assured of its own ability to grow earnings.The world's second-largest package delivery company lowered its economic forecast for the U.S., saying that there remains a lot of uncertainty for the company and the country.Its forecast for the current quarter, which incorporates the critical holiday season, falls short...

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FedEx says it can grow by cutting costs

 FedEx may be pessimistic about the U.S. economy, but it's confident about growing its earnings.The world's second-largest package delivery company, a bellwether for economic health because of the vast number and kinds of shipments it handles, lowered its economic forecast for the U.S., saying there remains a lot of uncertainty for the country.FedEx maintained its earnings forecast for the full...

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Burundi tea earnings rise 27 pct in November on high prices

 Burundi's tea export revenues rose 27 percent in November from the same month last year thanks to a stronger regional market, a tea board official said on Thursday.The state-run tea board (OTB) said it collected $1.80 million from the sale of 589,907 kg, up from $1.42 million earned in November 2011 from the export of 563,140 kg."Supplies of the commodity in the region were low following a fall...

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Ryan says Tebow would have done wildcat if asked

Tim Tebow would have done whatever Rex Ryan asked — if the New York Jets coach had asked him.Ryan acknowledged Monday that Tebow wasn't happy when the coach chose Greg McElroy to start for the benched Mark Sanchez, but insisted Tebow was willing to play in any role Sunday against San Diego — including the wildcat."He was disappointed, there's no question," Ryan said Monday. "He was disappointed that...

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Column: Seattle isn't just sleepless, it's loud!

That dull roar still rumbling between your ears a day later is not your imagination.It's the echo from the 49ers-Seahawks game Sunday night, when an already notoriously loud hometown crowd outdid itself. How?Start with CenturyLink Field, a U-shaped stadium with cantilevered roofs extending over most of the 67,000 seats in the grandstands, a configuration designed to bounce back sound. Then throw in...

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Hunt leads SMU to 43-10 win over Fresno State

 Margus Hunt knew he had eight hours to fill on the flight over the Pacific Ocean, so he asked the SMU staff to put together film of Fresno State for him to study. He hit the Bulldogs like a tidal wave Monday night in the Hawaii Bowl.The 6-foot-8 defensive end raced around right tackle to blindside Derek Carr and force a fumble. Hunt smashed into running back Robbie Rouse on a delayed handoff...

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Rafael Nadal's comeback delayed by stomach bug

 Rafael Nadal's return to competition has been delayed by a stomach virus.The Spaniard was scheduled to play in an exhibition tournament in Abu Dhabi on Thursday after missing seven months because of tendinitis in his left knee. But he said on his Facebook page Tuesday that his doctors ordered him to pull out when he was running a fever, telling him his body needed rest."My rehab has gone well,...

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On the back roads of golf, tales from the tour

Dave Kindred, a preeminent American sports writer who has worked his trade for the better part of four decades, was walking down the right side of the first fairway at Kiawah Island with the final group at the PGA Championship when he mentioned he had been teaching a writing class to college students. Like most great columnists, Kindred's strength is his power of observation, and he has tried to pass...

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Thousands enjoy merry Christmas in Bethlehem

Thousands of Christians from the world over packed Manger Square in Bethlehem Monday to celebrate the birth of Jesus in the ancient West Bank town where he was born. For their Palestinian hosts, this holiday season was an especially joyous one, with the hardships of the Israeli occupation that so often clouded previous Christmas Eve celebrations eased by the United Nations' recent recognition of an...

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Morales mum on Cuba trip after Chavez surgery

Bolivian President Evo Morales made a lightning trip this weekend to Havana where ally Hugo Chavez is convalescing after cancer surgery, but was mostly silent Monday on the details of his trip or even whether he met with the ailing Venezuelan leader. The secrecy surrounding his visit was sure to add to the uncertainty surrounding Chavez's condition, despite reassurances Monday from Venezuelan officials...

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Catholic Church urges Irish to oppose abortion law

The head of Ireland's Catholic Church urged followers in his Christmas Day message to lobby against government plans to legalize abortion. Ireland, the only EU member state that currently outlaws the procedure, is preparing legislation that would allow limited access to abortion after the European Court of Human Rights criticized the current regime. The death last month of an Indian woman who was...

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UN envoy worried after talks with Syria's Assad

The international envoy to Syria said after talks with the country's leader Monday that the situation was "worrying" and gave no indication of progress toward a negotiated solution for the civil war. Lakhdar Brahimi's mission came as activists reported intense fighting in the central province of Hama, where anti-government gunmen entered the predominantly Alawite town of Maan. Assad's regime is dominated...

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Japan's policy veteran Motegi likely to serve as trade minister: media

Incoming Japan Prime Minister Shinzo Abe is likely to pick policy veteran Toshimitsu Motegi as trade minister, who will also take charge of energy and other key economic policies, media reported on Tuesday. Motegi, 57, a former policy affairs chief for the Liberal Democratic Party (LDP), will tackle energy problems after last year's Fukushima nuclear crisis, as well as issues such as the U.S.-led...

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Hundreds honor Ravi Shankar in California

Hundreds of friends and family have paid tribute to sitar virtuoso Ravi Shankar at a public memorial service near his San Diego-area home. The musician was remembered Thursday as an unfailingly generous teacher with a gentle spirit and sense of humor whose music fostered understanding between East and West. Conductor Zubin Mehta said he felt like a "little crumb" listening to Shankar play. Olivia...

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Rapper 'Fat Joe' admits tax evasion in NJ court

The rap artist "Fat Joe" pleaded guilty Thursday to failing to pay taxes on nearly $3 million in income he earned over two years for performances and music royalties. The platinum-selling artist, whose real name is Joseph Cartagena, was once a Billboard chart topper with hits like the duet "What's Luv" with the R&B singer Ashanti. Cartagena entered the plea in federal court in Newark because some...

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Twitter post offers clue to The Civil Wars' future

While there still remain questions about the future of The Civil Wars, there's new music on the way. Joy Williams, one half of the Grammy Award-winning duo with John Paul White, said Thursday during a Twitter chat that she was in the studio listening to new Civil Wars songs. It's a tantalizing clue to the future of the group, which appeared in doubt when a European tour unraveled last month due to...

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Hundreds honor Ravi Shankar at California memorial

Hundreds of friends and family on Thursday remembered sitar virtuoso Ravi Shankar as an unfailingly generous teacher with a gentle spirit and sense of humor whose music fostered understanding between East and West. Olivia Harrison said Shankar helped her late husband George Harrison achieve a more meaningful life when he was a young Beatle. "They were like father and son as well as brothers," Harrison...

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New Miss Universe says win shows confidence is all

The 20-year-old Rhode Islander who brought the Miss Universe crown back to the U.S. for the first time in 15 years is hoping that her quick rise through the beauty contest ranks and an onstage stumble will show women that anything is possible. Perched high above the Las Vegas Strip in the Planet Hollywood winner's suite Thursday, Olivia Culpo told The Associated Press that her yearlong transformation...

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Wall Street dealers lose edge in U.S. Treasury auctions as investor clout grows

NEW YORK (Reuters) - A dramatic increase in the amount of government bonds that investors purchase directly from the U.S. Treasury Department in its regular debt auctions is reducing the advantage large dealers have traditionally held in the sale process. The Treasury will not disclose the names of investors who can purchase directly from the government in its auctions but speculation is rife that...

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S&P downgrades Cyprus on default fears

NICOSIA, Cyprus (AP) — The Cyprus government has vowed to do what is needed to finalize a bailout agreement with international lenders after ratings agency Standard & Poor's downgraded Cyprus further into junk status amid concerns that the country could default on its debts. The U.S. agency said Friday that the two-notch downgrade to CCC+ was due to a "considerable and rising" risk that the country,...

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Wall St clings to hopes for budget deal, but market risks rising

NEW YORK (Reuters) - If the United States sails over the fiscal cliff in less than two weeks, it probably will not mean disaster for the stock market, investors said on Friday, but the margin for error is getting dangerously thin. At heart are fears over how long the U.S. economy, the world's largest, can hold up under the brunt of higher taxes and big spending cuts that would be triggered by the...

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How the Dow Jones industrial average fared

Investors sent Washington a reminder Friday that Wall Street is a power player in talks to avoid the "fiscal cliff." Stocks fell sharply after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect. The Dow Jones industrial average was down as much as 189 points before recouping some...

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Wall Street falls on fiscal cliff setback

NEW YORK (Reuters) - U.S. stocks finished lower on Friday after a Republican plan to avoid the "fiscal cliff" failed to gain sufficient support on Thursday night, draining hopes that a deal would be reached before 2013. Still, stocks managed to rebound from the day's lows near the end of the session, and for the week, major averages still ended higher, with the S&P 500 gaining 1.2 percent. Trading...

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