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Just Explain It: Why the Fiscal Cliff May Trigger a Recession

As the country continues to head toward the fiscal cliff, this Just Explain It helps to make sense of what it is.......

Stocks fall as hopes for a budget deal fade

Stocks are closing lower on concern that lawmakers will run out of time to reach a budget deal before year-end.......

'Hobbit' extends No. 1 journey with $36.7 million

LOS ANGELES (AP) — Tiny hobbit Bilbo Baggins is running circles around some of the biggest names in Hollywood.......

Sandia Lab building solar test centers across US

ALBUQUERQUE, N.M. (AP) — One of the National Security Administration's three national laboratories is building regional testing centers around the country to field-test hardware for solar companies before their multimillion-dollar solar systems are installed in buildings.......

Oil prices lower in quiet holiday trading

NEW YORK (AP) — The price of oil fell slightly Monday during a shortened pre-Christmas trading day.......

Ga. counties sue HSBC claiming loss of tax base

ATLANTA (AP) — Three Atlanta-area counties have filed a lawsuit claiming that British bank HSBC cost them hundreds of millions of dollars in extra expenses and damage to their tax bases by aggressively signing minorities to housing loans that were likely to fail.......

LSE trims LCH.Clearnet offer amid capital changes

LONDON (AP) — London Stock Exchange PLC has reduced the value of its bid to buy up to 60 percent of European clearing house LCH.Clearnet to take into account new capital requirements being imposed by regulators.......

FDA warns doctors of counterfeit Botox

WASHINGTON (AP) — Federal regulators have warned more than 350 medical practices that Botox they may have received from a Canadian supplier is unapproved and could be counterfeit or unsafe.......

Lawmakers see 'fiscal cliff' deal as elusive

WASHINGTON (AP) — With anxiety rising as the country lurches towards a "fiscal cliff," lawmakers are increasingly skeptical about a possible deal and some predict the best possibility would be a small-scale patch because time is running out before the yearend deadline.......

Stocks dip with budget deal in doubt at year's end

Stocks fell in light trading Monday during a shortened holiday trading session with lawmakers running out of time to reach a budget deal that would prevent the U.S. from going over the so-called fiscal cliff.......
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