Bank of Canada keeps “over time” condition on rate hike

OTTAWA (Reuters) – Bank of Canada Deputy Governor Tim Lane repeated on Wednesday the central bank‘s message that interest rate increases will likely be needed, but only over time.The “over time” phrase was introduced in the bank’s key guidance in its rate statement on October 23 as a way of signaling that while the next rate move is likely to be up, such...

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NJ jury convicts NY man in iPad data breach case

NEWARK, N.J. (AP) — A federal jury on Tuesday convicted a man of illegally gaining access to AT&T‘s servers and stealing more than 120,000 email addresses of iPad users including New York Mayor Michael Bloomberg and film mogul Harvey Weinstein.Andrew Auernheimer, of New York, was convicted of identity theft and conspiracy to gain unauthorized access...

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Docs Push for Over-the-Counter Pill

In an attempt to lower the alarmingly high rate of unplanned pregnancy — and the high cost associated with it — an expert panel of doctors recommended Tuesday that birth control pills be made available without a prescription.Specifically, the committee said the potential benefits of over-the-counter birth control pills outweigh the danger, which includes...

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Leading economic indicator rises in October

WASHINGTON (Reuters) – A gauge of future U.S. economic activity rose marginally in October, pointing to modest growth in the near term.The Conference Board said on Wednesday its Leading Economic Index increased 0.2 percent to 96.0 after advancing 0.5 percent in September. It was the second consecutive month of gains and was in line with economists’ expectations. “Based...

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Greek PM presses for deal on loan

ATHENS, Greece (AP) — Greece has reacted with dismay to the European Union‘s failure to agree to release vital rescue loan funds for the debt-ridden country, with the prime minister warning it was not just Greece’s future that hangs in the balance.The delay prolongs uncertainty over the future of Greece, which faces a messy default that would threaten...

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Kopp: Impostor filed motion in NY Facebook case

BUFFALO, N.Y. (AP) — Lawyers fighting a New York man’s ownership claim against Facebook Inc. say a bizarre motion bearing the name of convicted abortion doctor killer James Charles Kopp earlier this month was apparently filed by an impostor.In court papers, Facebook lawyers say they received a sworn statement from the imprisoned Kopp Monday denying he’s...

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Task Force Backs HIV Screening

In an effort to curb HIV transmission and get treatment to those already infected, the U.S. Preventive Services Task Force has recommended that every American between the ages of 15 and 65 be tested for HIV.Experts hope that the new recommendations will encourage more Americans to get tested and, if necessary, get treated. “HIV...

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The New York Times’ Murdoch Moment

Why is Mark Thompson increasingly reminding us of James Murdoch?Not long ago, Thompson and Murdoch were rivals of sorts. Murdoch was the head of News International in London. Thompson was the head of the BBC. Sometimes they took turns criticizing each other’s media operations in public. Then scandals hit both organizations....

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U.S. fiscal impact of great concern to Canada: Canada’s Harper

TORONTO (Reuters) – Any fiscal problems that would significantly slow the U.S. economy would be of great concern to Canada, Canadian Prime Minister Stephen Harper said on Monday.The United States needed a credible medium-term fiscal plan, Harper said at a business forum in Ottawa, adding that he was following the U.S. fiscal debate with “great interest.” (Reporting...

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Amazon’s larger Kindle Fire HD ships early

NEW YORK (AP) — Amazon has started shipping the larger version of its Kindle Fire HD tablet computer on Thursday, five days ahead of schedule.Amazon is short on stock, though, so new orders won’t ship until Dec. 3. Amazon.com Inc. had been taking orders for shipment on Nov. 20. The Kindle Fire is one of several tablets...

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