News rocking

Dec

Analysis: Apple’s swoon exposes risk lurking in mutual funds

NEW YORK (Reuters) – The nearly 28 percent decline in shares of Apple Inc since mid-September isn’t just painful to individual shareholders. It’s also being felt by investors who chased hot mutual funds that loaded up on Apple as the stock raced to a record $ 705 per share.Apple makes up 10 percent or more of assets in 117 out of the 1,119 funds that own its shares, according to data from Lipper,...

‘Walking Dead’ Showrunner Glen Mazzara Leaving

Label: Lifestyle

NEW YORK (TheWrap.com) – Glen Mazzara, who led AMC‘s “The Walking Dead” to ratings highs after the exit of Frank Darabont, is leaving the show.The announcement came with the unsurprising news of a fourth-season pickup for the series. It continues AMC’s rocky record with its showrunners, but the network said the decision was mutual.While AMC has clashed with showrunners before over money, a person...

The Neediest Cases: The Daughter of a Sick Woman Falls Prey to a Craigslist Scam

Label: Health

Sitting side by side on their living room sofa, Patricia Morales and her daughter, Katherine, could be any mother-daughter duo. Both have dark hair, dark eyes and welcoming, infectious smiles. Librado Romero/The New York TimesPatricia Morales, 62, at home in the Bronx. Her treatment for ailments like rheumatoid arthritis and hepatitis C led to depression. ...

Emanuel explores Midway privatization

Label: Business

Mayor Rahm Emanuel's administration will explore the possibility of privatizing Midway Airport but will take a shorter-term,...

Dec

2 injured in CTA bus crash in Logan Square

Label: World

A CTA bus traveling north on Kedzie crashed into several cars on both sides of the street. ...

Nokia, RIM settle old disputes in new patent pact

Label: Technology

HELSINKI (AP) — Nokia Corp. and Canadian smartphone rival Research In Motion have agreed on a new patent licensing pact which will end all existing litigation between the two struggling companies, the Finnish firm said Friday.The agreement includes a “one-time payment and on-going payments, all from RIM to Nokia,” Nokia said, but did not disclose “confidential” terms.Last month, Nokia sued the Blackberry...

“Les Miserables” movie relies on close-ups for emotional punch

Label: Lifestyle

NEW YORK (Reuters) – For British director Tom Hooper, the key to turning “Les Miserables” from the wildly popular stage musical to a cinematic experience both sweeping and intimate, was all in the close-up.The stage musical has left audiences around the world wiping away tears with its themes of justice, redemption and romantic and familial love. So bringing it to life on screen for fans and filmgoers...

Stigma Fading, Marijuana Common in California

Label: Health

Jim Wilson/The New York TimesAt a San Francisco concert in 2010, marijuana use was general while signatures were collected for a measure to decriminalize it. LOS ANGELES — Let Colorado and Washington be the marijuana trailblazers. Let them struggle with the messy details of what it means to actually legalize the drug. Marijuana is, as a practical matter, already legal in much of California. ...