EU fails to agree bank supervisor

4 December 2012 Last updated at 15:25 ETEU finance ministers have failed to reach agreement on setting up a single supervisor for eurozone banks after a meeting in Brussels.Establishing a single supervisor under the European Central Bank (ECB) is seen as the first step in setting up a Europe-wide banking union.But German and French ministers in particular clashed over the plans.German Finance Minister...

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WestJet embraces tech to woo business travelers

TORONTO (Reuters) – WestJet Airlines Ltd will use technological innovation, including a new Internet ticket booking system, to help it transform from a no-frills carrier to a lower-cost full-service airline courting lucrative corporate travelers, its chief executive said on Monday.Canada’s second-biggest airline plans to launch a series of technology systems, most notably the new online booking engine,...

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News Corp shutting down iPad newspaper ‘The Daily’ on December 15th

News Corp’s iPad newspaper “The Daily” is officially dead. Launched in February 2011, The Daily was a “ bold experiment in digital publishing and an amazing vehicle for innovation,” but like so many pioneering ideas, it “could not find a large enough audience quickly enough” to keep the publication going, according to Rupert Murdoch, the Chairman of News Corporation and Chairman and CEO...

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Geron drops brain cancer drug, to cut jobs

(Reuters) – Geron Corp confirmed it will discontinue development of an experimental drug to treat cancer that has spread to the brain from elsewhere in the body and also cut about 40 percent of its workforce, after patients failed to respond to the drug in a mid-stage study.The company said it will now focus on the development of another drug candidate, imetelstat, as a treatment for blood cancers...

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UK economy ‘not as bad in 2012′

3 December 2012 Last updated at 19:07 ETThe British Chambers of Commerce (BCC) has increased its forecast for UK growth for 2012, but still expects the economy to shrink.The UK will shrink by 0.1% this year, less than the 0.4% contraction it had predicted previously, the BCC said.That is “entirely due to the stronger-than-expected” growth in the last quarter, helped by the Olympic Games.But it now...

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Official: Syria moving chemical weapons components

WASHINGTON (AP) — U.S. and allied intelligence have detected Syrian movement of chemical weapons components in recent days, a senior U.S. defense official said Monday, as the Obama administration strongly warned the Assad regime against using them.A senior defense official said intelligence officials have detected activity around more than one of Syria‘s chemical weapons sites in the last week. The...

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Euro zone crisis drags down European ad spending: report

LONDON (Reuters) – The euro zone crisis has left Western Europe the only world region to see a fall in advertising spending this year, market research group ZenithOptimedia said.The forecasting group said advertising expenditure in Western Europe fell 2.2 percent to $ 106.8 billion this year compared with an average increase of 3.3 percent worldwide.North American ad spending rose 4.1 percent to $...

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Diabetes may be linked to hearing loss: study

(Reuters) – Diabetes has already been tied to an increased risk of kidney and cardiovascular troubles, nerve damage and vision loss, and now a Japanese study finds diabetics to be more than twice as likely as those without the disease to have hearing impairment.In a review of past research on the issue, published in the Journal of Clinical Endocrinology and Metabolism, scientists found that younger...

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The Cash-Only Doctors Club

An anxious woman in her mid-40s showed up last winter at Atlas MD, a family doctor’s office in Wichita. She had lost her job as a restaurant cook, and along with it her health insurance and her home. She needed to see a doctor.Atlas MD isn’t a free clinic. It’s a concierge medical practice, which means you can’t get an appointment unless you pay cash. Atlas MD’s two physicians, Josh Umbehr and Doug...

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Egypt’s anti-Morsi rebellion of judges is complete

CAIRO (AP) — Egypt‘s rebellion of the judges against President Mohammed Morsi became complete on Sunday with the country’s highest court declaring an open-ended strike on the day it was supposed to rule on the legitimacy of two key assemblies controlled by allies of the Islamist leader.The strike by the Supreme Constitutional Court and opposition plans to march on the presidential palace on Tuesday...

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