Judge asks Hostess to mediate with union

WHITE PLAINS, N.Y. (AP) -- Twinkies won't die that easily after all. Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week. The bankruptcy judge hearing the...

Read More..

Just Explain It: What is the Strategic Petroleum Reserve?

Eliminating America's dependency on foreign oil has been a policy goal for at least the last two U.S. Presidents. According to the International Energy Agency, by 2020, the U.S. will overtake Saudi Arabia as the world's number one oil producer. However, there's still some work to do. The United States Energy Information Administration reported that 45% of the petroleum consumed by the U.S. in 2011...

Read More..

Apple to produce line of Macs in the US next year

NEW YORK (AP) -- Apple CEO Tim Cook says the company will move production of one of its existing lines of Mac computers from China to the United States next year. Industry watchers said the announcement is both a cunning public-relations move and a harbinger of more manufacturing jobs moving back to the U.S. as wages rise in China. Cook made the comments in part of an interview taped for NBC's "Rock...

Read More..

US economy adds 146K jobs, rate falls to 7.7 pct.

WASHINGTON (AP) -- The pace of U.S. hiring remained steady in November despite disruptions from Superstorm Sandy and employers' concerns about impending tax increases from the year-end "fiscal cliff." Companies added 146,000 jobs, and the unemployment rate fell to 7.7 percent — the lowest in nearly four years — from 7.9 percent in October. The rate declined mainly because more people stopped looking...

Read More..

Just Explain It: Why the Fiscal Cliff May Trigger a Recession

Lawmakers in Washington appear to be making little to no progress in avoiding the impending so-called fiscal cliff. House Speaker John Boehner, R-Ohio, said Friday the negotiations are "almost nowhere." On Thursday Boehner rejected a proposal from the Obama administration saying that the Democrats need to "get serious about real spending cuts." President Obama's offer continues to call for higher...

Read More..

Niners-Seahawks a late-season classic

Under normal circumstances, Seattle's CenturyLink Field rocks from the noise of the 12th Man.Imagine how far across Puget Sound the crowd's cheers will reverberate when the Seahawks host the 49ers on Sunday night.The NFL flexed this one to prime time, and it was a wise choice. Although the 49ers (10-3-1) still can win the NFC West even if they fall to Seattle — a win in the finale against Arizona...

Read More..

Super Bowl to be streamed online again

NEW YORK (AP) -- The Super Bowl will be streamed online for the second straight year.Last season's game attracted 2.1 million users through the Web. The TV audience was 111.3 million people.The simulcast of the CBS coverage will be available on NFL.com and CBSSports.com. It will also include additional camera angles and in-game highlights.The league said Wednesday that the Saturday wild-card games...

Read More..

Leeman Bennett and Jerry Glanville Selected as Head Coaches of the 88th East-West Shrine Game

Venerable coaches to lead teams in college football all-star game benefiting Shriners Hospitals for Children.Tampa, FL (PRWEB) December 19, 2012Leeman Bennett and Jerry Glanville have been selected as head coaches of the 88th East-West Shrine Game® benefiting Shriners Hospitals for Children®.“We are proud to have two coaches with distinguished careers and a wealth of knowledge of football through...

Read More..

Reuters U.S. Sports Schedule at 2 p.m. EDT on Wednesday, Dec. 19

Dec. 19 (Reuters) - Reuters U.S. sports schedule at 2 p.m. EST on Wednesday:- - - -The duty editor is Steve Ginsburg, 202-898-8427- - - -National Football LeagueGo, AdrianTwo-thousand yards isn't the goal Minnesota Vikings running back Adrian Peterson is chasing. He's shooting for Eric Dickerson's single-season record of 2,105 set almost 30 years ago. His next challenge - Houston's fifth-ranked rushing...

Read More..

Beck: Huskers to be in trouble if heads not right

LINCOLN, Neb. (AP) — Nebraska is still smarting from that 39-point loss to Wisconsin in the Big Ten championship game, and few people outside the state believe the No. 23 Cornhuskers are capable of beating sixth-ranked Georgia in the Capital One Bowl.The challenge for Bo Pelini and his coaches between now and Jan. 1 is to make sure the players have moved on emotionally."If we have a hangover," offensive...

Read More..

Just Explain It: Why the Fiscal Cliff May Trigger a Recession

Lawmakers in Washington appear to be making little to no progress in avoiding the impending so-called fiscal cliff.  House Speaker John Boehner, R-Ohio, said Friday the negotiations are "almost nowhere."  On Thursday Boehner rejected a proposal from the Obama administration saying that the Democrats need to "get serious about real spending cuts."President Obama's offer continues to call...

Read More..

overnment says it is investigating data brokers

WASHINGTON (AP) — The government says it will investigate companies that collect and sell personal information about consumers to determine whether they need to improve their privacy practices.The Federal Trade Commission said Tuesday that it ordered nine data brokers to provide the agency with details about their sources of information, how they use the information they gather and whether consumers...

Read More..

Amgen to pay $762M settlement over drug marketing

Amgen Inc.  has agreed to pay $762 million to resolve federal litigation accusing the drugmaker of marketing the anemia treatment Aranesp for unapproved uses.The Thousand Oaks, Calif., company pleaded guilty Tuesday to illegally introducing a misbranded drug into interstate commerce and will pay a $136 million fine and a $14 million forfeiture, according to the U.S. Attorney's Office for the...

Read More..

Oracle 2Q earnings rise 18 pct to top Street view

SAN FRANCISCO (AP) — Snapping out of a summertime lull, Oracle's latest quarter demonstrated that companies have been splurging on software and other technology as the year comes to a close, despite uncertainty about the economy's prospects.The results announced Tuesday are an improvement from Oracle's previous quarter, when the business-software maker's revenue dipped slightly from a year earlier.The...

Read More..

Facebook users hit 'like,' stores jump into action

NEW YORK (AP) — Facebook  isn't just for goofy pictures and silly chatter. Whether shoppers know it or not, their actions online help dictate what's in stores during this holiday season.After polling customers on the social media site, Macy's decided to carry denim jeans in bright neon hues rather than pastels. Wal-Mart for the first time decided to let customers vote on which toys they want...

Read More..