GAZA CITY, Gaza Strip (AP) — Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they were routed from power in the territory by the Islamist militants in 2007.The rally, approved by Gaza's Hamas rulers, marks a renewed attempt by the rival Palestinian factions to show unity following a fierce Hamas battle with Israel in November and Fatah's...
Syrian forces bombard rebel areas near capital
Labels: World Syrian government warplanes and artillery pounded restive suburbs of Damascus on Friday and anti-regime activists said a car bomb targeted an intelligence building north of the capital.Fighting in Syria's civil war has flared in areas around Damascus as rebels seeking to topple President Bashar Assad try to push into the city itself. The rebel advances in the suburbs threaten the government's...
Jan
03
Private hiring jumps in December despite fiscal worries
Labels: BusinessPrivate-sector employers added more new jobs than expected last month even as a potential budget crisis loomed, helping the job market end 2012 on a high note, a report by a payrolls processor showed on Thursday.The ADP National Employment Report showed the private sector added 215,000 jobs in December, comfortably above economists' expectation of a 133,000 gain.The increase came even as companies...
Fiscal cliff market relief fades in Europe
Labels: BusinessEnthusiasm waned Thursday in Europe over U.S. legislators' deal to stave off the so-called fiscal cliff, a series of automatic tax increases and spending cuts that could have hurt the world's largest economy.While the deal passed by Congress this week avoids the near-term risk of a major blow to businesses and households, it left unsolved several budget measures, mainly government spending cuts. Major...
Monti says political rivals should sideline extremists
Labels: Business Mario Monti, bidding for a second term as Italy's prime minister, said on Thursday a left-wing party on track to lead the next government should sideline "extreme" elements who hinder vital economic reforms.The 69-year-old former European Commissioner was appointed in November 2011 to lead an unelected right-left government of experts to save Italy from financial crisis after then-Prime Minister...
December retail sales mixed, nimble chains do better
Labels: BusinessSeveral major U.S. retailers beat expectations of modest sales increases in December as shoppers wrapped up holiday buying, but overall results were mixed and only stores that were nimble enough thrived in an uncertain economy.Costco Wholesale Corp , Nordstrom Inc , TJX Cos Inc and Ross Stores Inc were among the winners of the month, while such chains as Target Corp and Family Dollar Stores Inc felt...
World stocks put relief rally on pause
Labels: Business Enthusiasm faded on Wall Street and in European markets Thursday over U.S. legislators' deal to stave off the so-called fiscal cliff, a series of automatic tax increases and spending cuts that could have hurt the world's largest economy.While the deal passed by Congress this week avoids the near-term risk of a major blow to businesses and households, it left unsolved several budget measures,...
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