Asian shares rise on hopes for U.S. fiscal deal

TOKYO (Reuters) - Asian shares rose on Tuesday on hopes of a compromise in the U.S. fiscal crisis, while the euro fell after Moody's Investors Service scrapped France's top-notch credit rating, reminding investors of the downside risk from the euro zone debt woes. With risk assets from stocks to commodities rallying over the past two sessions, recovering some of last week's sharp losses,...

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Gaza Clash Escalates With Deadliest Israeli Strike

Bernat Armangue/Associated PressSmoke rose over Gaza City on Sunday, as Israel widened its range of targets to include buildings used by the news media. CAIRO — Emboldened by the rising power of Islamists around the region, the Palestinian militant group Hamas demanded new Israeli concessions to its security and autonomy before it halts its rocket attacks on Israel, even as the conflict took an increasing...

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Cisco to buy cloud-networking start-up Meraki for $1.2 billion

(Reuters) – Networking equipment company Cisco Systems Inc said it will buy privately held cloud networking company Meraki for $ 1.2 billion in cash as part of its cloud and networking strategy.Cisco said the acquisition of Meraki, which was founded in 2006 by members of MIT’s Laboratory for Computer Science, is expected to close in the second quarter...

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Justin Bieber Brings His Mom to the American Music Awards

By Maggie Coughlan 11/18/2012 at 09:35 PM EST Pattie Mallette and Justin Bieber Jonathan Alcorn/Reuters/Landov Mother knows best!Despite his recent split from Selena Gomez, Justin Bieber still had a date for the 40th American Music Awards on Sunday: his mother,...

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EU drug regulator OKs Novartis' meningitis B shot

LONDON (AP) — Europe's top drug regulator has recommended approval for the first vaccine against meningitis B, made by Novartis AG.There are five types of bacterial meningitis. While vaccines exist to protect against the other four, none has previously been licensed for type B meningitis. In Europe, type B is the most common, causing 3,000 to 5,000 cases every year.Meningitis mainly affects infants...

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Asian shares rise on US fiscal hopes

TOKYO (Reuters) - Asian shares rose on Monday, supported by hopes U.S. politicians can overcome an imminent fiscal crunch while the yen fell to a near seven-month low against the dollar on expectations a new government chosen in next month's election could pump large amounts of stimulus cash into the economy. A 0.2 percent gain in U.S. stock futures point to a firm Wall Street open, and...

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Israel Broadens Its Bombing in Gaza to Include Government Sites

Tyler Hicks/The New York TimesA man injured by bombing in the Zaitoun neighborhood of Gaza City on Saturday that also killed one person. GAZA CITY — Israel pressed its assault on the Gaza Strip early Sunday, deploying warplanes and naval vessels to pummel the coastal enclave a day after Israeli forces widened the onslaught from mostly military targets to centers of government infrastructure including...

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Taylor Swift and One Direction's Harry Styles: Are They Dating?

By Patrick Gomez 11/17/2012 at 10:40 PM EST Taylor Swift and Harry Styles Janet Mayer/Splash News Online; Don Arnold/Wireimage Taylor Swift appears to be taking her love life in a new direction.The "Never Ever Getting Back Together" singer is seemingly taking...

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EU drug regulator OKs Novartis' meningitis B shot

LONDON (AP) — Europe's top drug regulator has recommended approval for the first vaccine against meningitis B, made by Novartis AG.There are five types of bacterial meningitis. While vaccines exist to protect against the other four, none has previously been licensed for type B meningitis. In Europe, type B is the most common, causing 3,000 to 5,000 cases every year.Meningitis mainly affects infants...

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Wall Street Week Ahead: Going off "cliff" with a bungee cord

NEW YORK (Reuters) - The 1987 crash. The Y2K bug. The debt ceiling debacle of 2011. All these events, in the end, turned out to be buying opportunities for stocks. So will the "fiscal cliff," some investors say as they watch favorite stocks tumble during the political give-and-take happening in Washington. The first round of talks aimed at avoiding the "fiscal cliff" caused...

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