Borrowing grows more than expected

21 December 2012 Last updated at 13:03 ETPlease turn on JavaScript. Media requires JavaScript to play. ONS chief economist Joe Grice: “There are straws in the wind that look promising”The government had to borrow slightly more than expected in November.It borrowed £17.5bn, £1.2bn higher than a year earlier, official figures show. Economists had predicted borrowing would fall slightly to about £16bn.However,...

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Belgium may hand Arnault tax file to Paris: press

PARIS (Reuters) – Belgian tax authorities may hand French tycoon Bernard Arnault’s file to their Paris counterparts for closer scrutiny of Brussels-based companies linked to his LVMH (MC.PA) luxury empire, according to media reports.John Crombez, Belgium’s minister for fraud prevention, said any information on local “mailbox companies” held by France’s richest man should be shared with Paris, newspaper...

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Wall Street Week Ahead: A lump of coal for "Fiscal Cliff-mas"

NEW YORK (Reuters) - Wall Street traders are going to have to pack their tablets and work computers in their holiday luggage after all. A traditionally quiet week could become hellish for traders as politicians in Washington are likely to fall short of an agreement to deal with $600 billion in tax hikes and spending cuts due to kick in early next year. Many economists forecast that this...

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Douglas wins AP female athlete of the year honors

When Gabby Douglas allowed herself to dream of being the Olympic champion, she imagined having a nice little dinner with family and friends to celebrate. Maybe she'd make an appearance here and there."I didn't think it was going to be crazy," Douglas said, laughing. "I love it. But I realized my perspective was going to have to change."Just a bit.The teenager has become a worldwide star since winning...

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Will media stay on gun story?

STORY HIGHLIGHTSHoward Kurtz: Conventional wisdom is that media will lose interest in gunsHe says that's been the pattern of media behavior after Columbine, other shootingsThis time seems like it might be different, he saysKurtz: Reporters profoundly shaken by story, should stay on itEditor's note: Howard Kurtz is the host of CNN's "Reliable Sources" and is Newsweek's Washington bureau chief. He is...

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‘Walking Dead’ Showrunner Glen Mazzara Leaving

NEW YORK (TheWrap.com) – Glen Mazzara, who led AMC‘s “The Walking Dead” to ratings highs after the exit of Frank Darabont, is leaving the show.The announcement came with the unsurprising news of a fourth-season pickup for the series. It continues AMC’s rocky record with its showrunners, but the network said the decision was mutual.While AMC has clashed with showrunners before over money, a person...

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Two Reasons Fiscal Cliff Chaos Is Actually Terrific

Immediately after House Speaker John Boehner’s Plan B fell apart Thursday night, Dow futures plummeted and the media freaked out (Huffington Post headline: “END OF THE WORLD“). Boehner and his deputies skulked out of the Capitol, humiliated. His Hail Mary plan to create leverage for Republicans in the fiscal cliff negotiations with Republicans lay in tatters. Soon, his speakership may, too.But Plan...

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Wall Street slides as fiscal deal unlikely before 2013

NEW YORK (Reuters) - Stocks lost more than 1 percent on Friday after a Republican proposal for averting the "fiscal cliff" failed to pass, diminishing hopes that a deal would be reached soon in Washington. Trading is expected to be volatile as investors view a fiscal agreement between the White House and Republicans before the end of the year as increasingly unlikely. Lower volume heading...

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Douglas wins AP female athlete of the year honors

When Gabby Douglas allowed herself to dream of being the Olympic champion, she imagined having a nice little dinner with family and friends to celebrate. Maybe she'd make an appearance here and there."I didn't think it was going to be crazy," Douglas said, laughing. "I love it. But I realized my perspective was going to have to change."Just a bit.The teenager has become a worldwide star since winning...

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Goodbye, U.S. Postal Service?

This Christmas could be the Post Office's last, says John Avlon. STORY HIGHLIGHTSThe U.S. Postal Service is bleeding money and heading toward insolvency John Avlon: Congress can save the postal service in deal on the fiscal cliff He says the urgency is clear, let's hope for a Christmas miracle Avlon: But be prepared that Washington dysfunction can doom the postal service Editor's note: John Avlon...

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“Les Miserables” movie relies on close-ups for emotional punch

NEW YORK (Reuters) – For British director Tom Hooper, the key to turning “Les Miserables” from the wildly popular stage musical to a cinematic experience both sweeping and intimate, was all in the close-up.The stage musical has left audiences around the world wiping away tears with its themes of justice, redemption and romantic and familial love. So bringing it to life on screen for fans and filmgoers...

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Economic impact of Canada retail sales jump seen small

OTTAWA (Reuters) – Canada retail sales in October jumped by a stronger-than-expected 0.7 percent from September to hit a record, but analysts said the figures were less impressive than they seemed and would not do much to boost recent sluggish economic growth.Statistics Canada said on Thursday that retail sales in October reached C$ 39.45 billion ($ 39.85 billion), the third consecutive all-time high....

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Talking Cars Will Allow Aging Baby Boomers to Focus Like Young Drivers, Agero Study Finds

DALLAS, Dec. 20,  2012 /PRNewswire/ – Within the next 10 years, retiring Baby Boomers over the age of 65 will constitute more than one-third of the registered drivers on U.S. roads. A majority of those individuals behind the wheel will be driving vehicles increasingly loaded with digital connectivity and content designed to lure a generation of buyers accustomed to smartphones and tablets.With...

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Wall Street flat amid stalemate in fiscal talks

NEW YORK (Reuters) - U.S. stocks were little changed on Thursday as investors fretted that a deal on the U.S. budget wouldn't come as soon as they had hoped after President Barack Obama threatened to veto a controversial Republican plan. NYSE Euronext was the star of the day, surging more than 30 percent as the S&P 500's top percentage gainer, after IntercontinentalExchange Inc ...

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Michael Phelps voted AP male athlete of year

Now that he's away from the pool, Michael Phelps can reflect — really reflect — on what he accomplished.Pretty amazing stuff."It's kind of nuts to think about everything I've gone through," Phelps said. "I've finally had time to myself, to sit back and say, '... that really happened?' It's kind of shocking at times."Not that his career needed a capper, but Phelps added one more honor to his staggering...

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Is Newtown tipping point for change?

By Piers Morgan, CNNDecember 20, 2012 -- Updated 1627 GMT (0027 HKT)STORY HIGHLIGHTSPiers Morgan: Past gun-related tragedies haven't led to any actionHe says that must change, and he hosted a debate on the issueMorgan: Laws must be changed to limit weapons, ammunition and enforce background checksRights of Americans who use guns for hunting and sport must be respected, he says(CNN) -- On Wednesday...

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Nissan to invest £250m in the UK

19 December 2012 Last updated at 03:43 ETBy Jorn Madslien Business reporter, BBC NewsNissan says it is investing £250m in Sunderland to make a small luxury car, creating “hundreds of jobs” in the UK.“The Sunderland factory is very competitive,” said Nissan’s chief performance officer Colin Dodge.The Infiniti model was penned by Nissan’s design team in London and engineered at its technical centre...

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