To Crack China, Apple Needs More Than Cheap iPhones

When Apple reports its quarterly earnings after the markets close Wednesday, investors will be looking for clues about how Chief Executive Tim Cook plans to cope with the company’s challenges in China. In the world’s largest telecom market, Apple has not only fallen far behind arch rival Samsung Electronics (005930), it also lags behind Lenovo, a PC company that just two years ago was barely even...

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Chain store sales point to a hit from tax hike

By Jason LangeWASHINGTON (Reuters) – A slowdown in sales growth at many big U.S. retailers suggests a clutch of tax hikes enacted this month is already leading consumers to hold back on spending, putting a brake on economic growth.Sales growth has cooled for three straight weeks when measured from a year earlier in the Johnson Redbook Retail Sales Index, data showed on Wednesday.Similarly, the ICSC...

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Dow, Nasdaq boosted by tech; S&P flat

NEW YORK (Reuters) - The Dow and Nasdaq edged higher on Wednesday, lifted by IBM and Google whose stronger-than-expected profits helped to soothe investors' concerns about the tech sector. IBM's and Google's earnings, released after Tuesday's close, were the latest reassuring fourth-quarter results that pushed the Dow and S&P 500 to five-year highs as worries about the "fiscal cliff"...

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Seau's family sues NFL over brain injuries

The family of Junior Seau has sued the NFL, claiming the former linebacker's suicide was the result of brain disease caused by violent hits he sustained while playing football.The wrongful death lawsuit, filed Wednesday in California Superior Court in San Diego, blames the NFL for its "acts or omissions" that hid the dangers of repetitive blows to the head. It says Seau developed chronic traumatic...

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2013 could be 'climate game-changer'

An ice sculpture entitled 'Minimum Monument' by Brazilian artist Nele Azevedo outside Berlin's Concert Hall, September 2, 2009.STORY HIGHLIGHTSThe "neglected" risk of climate change seems to be rising to the top of leaders' agendasExtreme weather events are costing the global economy billions of dollars each yearGas can be an important bridge to a lower carbon future but it's not the answerMore investment...

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Live Nation to rock London Olympic park in 2013

LONDON (Reuters) – Live Nation Entertainment said on Tuesday it had secured exclusive rights to host major music concerts in London’s Olympic Park and Stadium complex in 2013.Live Nation, which hosted more than 400 concerts and performances across Europe in the past year, said it has already planned to hold its Wireless Festival and Hard Rock Calling events at the Queen Elizabeth Olympic Park in the...

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Hilco takes control of HMV chain

22 January 2013 Last updated at 11:28 ETRestructuring specialist Hilco has taken effective control of music and DVD retailer HMV.Hilco, which already owns HMV Canada, has bought the debt of HMV from the group’s lenders, Lloyds and Royal Bank of Scotland.The debt deal paves the way for Hilco to gain full control of HMV. A further announcement is expected later.HMV has been hit by competition from online...

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ETFO Locals Introduce NoToBill115 Campaign

TORONTO, ONTARIO–(Marketwire – Jan 22, 2013) -Editors Note: There is a photo associated with this press release.The Elementary Teachers of Toronto, Durham, York, Simcoe, Peel and Halton have released NoToBill115, a massive political campaign bringing awareness to Bill 115 and the negative implications the bill poses to democracy in the work force.Passed September 11, 2012, by the Liberals with support...

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Dow, S&P 500 edge higher as earnings eyed

NEW YORK (Reuters) - Stocks mostly edged up on Tuesday after ending last week at five-year highs, but gains were limited with investors showing caution as the earnings season picks up speed. Both the Dow and the Standard & Poor's 500 closed at five-year highs on Friday, boosted by better-than-expected results in the early part of the earnings season. Although major companies have...

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Woman in Te'o fake girlfriend photo speaks out

NEW YORK (AP) — The woman whose photo was used as the "face" of the Twitter account of Manti Te'o's supposed girlfriend says the man allegedly behind the hoax confessed and apologized to her.Diane O'Meara told NBC's "Today" show Tuesday that Ronaiah Tuiasosopo used pictures of her without her knowledge in creating a fake woman called Lennay Kekua. Te'o asserts he was tricked into an online romance...

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