Wall Street Week Ahead: Political wrangling to pinch market's nerves

NEW YORK (Reuters) - Volatility is the name of this game. With the S&P 500 above 1,400 following five days of gains, traders will be hard pressed not to cash in on the advance at the first sign of trouble during negotiations over tax hikes and spending cuts that resume next week in Washington. President Barack Obama and U.S. congressional leaders are expected to discuss...

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Military Analysis: For Israel, Gaza Conflict Is Test for an Iran Confrontation

Menahem Kahana/Agence France-Presse — Getty ImagesAn Israeli missile is launched from a battery. Officials said their antimissile system shot down 88 percent of all assigned targets. WASHINGTON — The conflict that ended, for now, in a cease-fire between Hamas and Israel seemed like the latest episode in a periodic showdown. But there was a second, strategic agenda unfolding, according to American...

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Jake Owen Welcomes a Daughter

Mom & Babies Celebrity Baby Blog 11/22/2012 at 08:30 PM ET Courtesy Jake Owen It’s a Thanksgiving baby!Jake Owen and his wife Lacey welcomed their first child, daughter Olive Pearl Owen, on Thursday, Nov. 22 in Nashville, Tenn., his rep confirms to PEOPLE.Pearl, as she will be called after...

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AP PHOTOS: Simple surgery heals blind Indonesians

PADANG SIDEMPUAN, Indonesia (AP) — They came from the remotest parts of Indonesia, taking crowded overnight ferries and riding for hours in cars or buses — all in the hope that a simple, and free, surgical procedure would restore their eyesight.Many patients were elderly and needed help to reach two hospitals in Sumatra where mass eye camps were held earlier this month by Nepalese surgeon Dr. Sanduk...

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Euro, shares gain as Greek deal seen closer

LONDON (Reuters) - European shares rose and the single currency hit a three-week high on Friday after progress was reported in talks to help Greece manage its huge debt and secure much needed aid payments. The International Monetary Fund (IMF) and the European Union are at odds on setting a target for Greece's debt by 2020, and the two sides are now 10 billion euros ($12.9 billion) apart,...

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Egypt Leader and Obama Forge Link in Gaza Deal

Lefteris Pitarakis/Associated PressIsraelis in the town of Sderot watched a Palestinian missile on Wednesday, before a cease-fire. WASHINGTON — President Obama skipped dessert at a long summit meeting dinner in Cambodia on Monday to rush back to his hotel suite. It was after 11:30 p.m., and his mind was on rockets in Gaza rather than Asian diplomacy. He picked up the telephone to call the Egyptian...

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Facebook to share data with Instagram, loosen email rules

SAN FRANCISCO (Reuters) – Facebook Inc is proposing to combine user data with that of recently acquired photo-sharing service Instagram, and will loosen restrictions on emails between members of the social network.Facebook also said on Wednesday it is proposing to scrap a 4-year old process that can allow the social network’s roughly 1 billion users to...

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Mayim Bialik and Michael Stone Divorcing

By Mike Fleeman 11/21/2012 at 05:00 PM EST After "much consideration and soul-searching," Mayim Bialik announced Wednesday that she and husband Michael Stone are divorcing after nine years of marriage.The Big Bang Theory star, who has sons Miles, 7, and Fred, 4, with Stone, cites "irreconcilable differences"...

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Study finds mammograms lead to unneeded treatment

Mammograms have done surprisingly little to catch deadly breast cancers before they spread, a big U.S. study finds. At the same time, more than a million women have been treated for cancers that never would have threatened their lives, researchers estimate.Up to one-third of breast cancers, or 50,000 to 70,000 cases a year, don't need treatment, the study suggests.It's the most detailed look yet at...

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European shares lifted by China, U.S. factory data

LONDON (Reuters) - European shares extended a week-long rally on Thursday as manufacturing surveys in China and the United States boosted confidence over the global economic recovery. However, analysts said similar surveys for euro area activity due later are expected to show the region stuck in recession, which could sour sentiment, though trading is likely to be subdued with Wall Street...

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