SEC chair Mary Schapiro leaving post

President Barack Obama announced Monday he had picked Securities and Exchange Commissioner Elisse Walter to replace outgoing Chairman Mary Schapiro, who plans to step down in mid-December. Schapiro has helmed the agency since January 2009, winning confirmation with the economy shaken to its core by the global financial meltdown.Walter is a former top official of the Financial Industry Regulatory Authority,...

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Egypt’s Mursi faces judicial revolt over decree

CAIRO (Reuters) – Egyptian President Mohamed Mursi faced a rebellion from judges who accused him on Saturday of expanding his powers at their expense, deepening a crisis that has triggered violence in the street and exposed the country’s deep divisions.The Judges’ Club, a body representing judges across Egypt, called for a strike during a meeting interrupted with chants demanding the “downfall of...

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Psy’s “Gangnam Style” video becomes YouTube’s most viewed

LOS ANGELES (Reuters) – South Korean rap star Psy‘s music video “Gangnam Style” on Saturday became the most watched item ever posted to YouTube with more than 800 million views, edging past Canadian teen star Justin Bieber‘s 2-year-old video for his song “Baby.”The milestone was the latest pop culture victory for Psy, 34, a portly rap singer known for his slicked-back hair and comic dance style who...

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German research points way to faster flu vaccines

LONDON (Reuters) – An experimental vaccine based on a molecule related to DNA protects animals against influenza and may one day offer an ultra-rapid way to develop new shots for humans, German scientists reported on Sunday.Assuming it also works in people, the new approach could allow commercial flu vaccines to be designed and manufactured in weeks rather than months.Making vaccines quickly is critical...

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Black Friday sales slip as shoppers opt for Thursday ‘doorbusters’

Security guards break up a fight between shoppers outside a Bowling Green, Ky., Target, Nov. 22, 2012. (AP)Black Friday, the official kickoff to the holiday shopping season, saw more foot traffic than ever before, according to estimates. But it appears so-called "doorbuster" deals offered the day before dinged sales.According to ShopperTrak, which tracks retail foot traffic, there were more than 307...

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Cricket-Australia v South Africa – second test scoreboard

ADELAIDE, Nov 24 (Reuters) – Scoreboard at the close of thethird day of the second test between Australia and South Africaat Adelaide Oval on Saturday:Australia won the toss and chose to batAustralia first innings 550South Africa first inningsG. Smith c Wade b Siddle 122A. Petersen run out 54H. Amla st Wade b Warner 11J. Rudolph c Quiney b Lyon 29AB de Villiers lbw b Siddle 1F. du Plessis c Clarke...

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Four new cases of SARS-like virus found in Saudi, Qatar

LONDON (Reuters) – A new virus from the same family as SARS which sparked a global alert in September has now killed two people in Saudi Arabia, and total cases there and in Qatar have reached six, the World Health Organisation said.The U.N. health agency issued an international alert in late September saying a virus previously unknown in humans had infected a Qatari man who had recently been in Saudi...

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Massachusetts gas explosion under investigation

SPRINGFIELD, Mass. (AP) — Dozens of building inspectors began assessing homes and businesses in one of New England's biggest cities on Saturday, a day after a natural gas explosion leveled a strip club located next to a day care and heavily damaged a dozen other structures. The blast injured 18 people, many of them first responders.Investigators were trying to figure out what caused the Friday night...

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Canada wants to balance budget in 2015, may invest to grow economy

TORONTO (Reuters) – Canadian Finance Minister Jim Flaherty said on Thursday he is aiming to wipe out the federal budget deficit by 2015, in time for the next election, but cautioned the Conservative government would be flexible with that target if the economy soured.Canada’s fiscal shortfall of 1.4 percent of gross domestic product is tiny compared to that of the United States and some other major...

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Black Friday Fiscal Cliff Twitter Guide

With the dirty dishes cleared and leftovers safely in the fridge, Americans across the country start looking ahead to the winter holidays the day after Thanksgiving.But for Congress, there’s a pretty big hurdle to handle before the House and Senate can abscond to presents and plum pudding. It’s called the fiscal cliff, and according to a recent Pew Research Poll , more Americans are paying attention...

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