SEC chair Mary Schapiro leaving post

President Barack Obama announced Monday he had picked Securities and Exchange Commissioner Elisse Walter to replace outgoing Chairman Mary Schapiro, who plans to step down in mid-December. Schapiro has helmed the agency since January 2009, winning confirmation with the economy shaken to its core by the global financial meltdown.Walter is a former top official of the Financial Industry Regulatory Authority,...

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Nokia unveils 2 new cellphone models, priced at $62

HELSINKI (Reuters) – Struggling Finnish cellphone maker Nokia unveiled on Monday two new cellphone models, the Asha 205 and the Asha 206, pricing both models at around $ 62, excluding subsidies and taxes.Both models will go on sale this quarter.Nokia unveiled a new Slam feature which allows consumers to share multimedia content like photos and videos with nearby friends almost instantly through Bluetooth...

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German research points way to faster flu vaccines

LONDON (Reuters) – An experimental vaccine based on a molecule related to DNA protects animals against influenza and may one day offer an ultra-rapid way to develop new shots for humans, German scientists reported on Sunday.Assuming it also works in people, the new approach could allow commercial flu vaccines to be designed and manufactured in weeks rather than months.Making vaccines quickly is critical...

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Psy’s “Gangnam Style” video becomes YouTube’s most viewed

LOS ANGELES (Reuters) – South Korean rap star Psy‘s music video “Gangnam Style” on Saturday became the most watched item ever posted to YouTube with more than 800 million views, edging past Canadian teen star Justin Bieber‘s 2-year-old video for his song “Baby.”The milestone was the latest pop culture victory for Psy, 34, a portly rap singer known for his slicked-back hair and comic dance style who...

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Egypt’s Mursi faces judicial revolt over decree

CAIRO (Reuters) – Egyptian President Mohamed Mursi faced a rebellion from judges who accused him on Saturday of expanding his powers at their expense, deepening a crisis that has triggered violence in the street and exposed the country’s deep divisions.The Judges’ Club, a body representing judges across Egypt, called for a strike during a meeting interrupted with chants demanding the “downfall of...

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Black Friday sales slip as shoppers opt for Thursday ‘doorbusters’

Security guards break up a fight between shoppers outside a Bowling Green, Ky., Target, Nov. 22, 2012. (AP)Black Friday, the official kickoff to the holiday shopping season, saw more foot traffic than ever before, according to estimates. But it appears so-called "doorbuster" deals offered the day before dinged sales.According to ShopperTrak, which tracks retail foot traffic, there were more than 307...

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Saudi telco regulator suspends Mobily prepaid sim sales

(Reuters) – Saudi Arabia‘s No.2 telecom operator Etihad Etisalat Co (Mobily) has been suspended from selling pre-paid sim cards by the industry regulator, the firm said in a statement to the kingdom’s bourse on Sunday.Mobily’s sales of pre-paid, or pay-as-you-go, sim cards will remain halted until the company “fully meets the prepaid service provisioning requirements,” the telco said in the statement.These...

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Four new cases of SARS-like virus found in Saudi, Qatar

LONDON (Reuters) – A new virus from the same family as SARS which sparked a global alert in September has now killed two people in Saudi Arabia, and total cases there and in Qatar have reached six, the World Health Organisation said.The U.N. health agency issued an international alert in late September saying a virus previously unknown in humans had infected a Qatari man who had recently been in Saudi...

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Ang Lee talks about risks, spirituality of “Life of Pi”

NEW YORK (Reuters) – Gay cowboy drama “Brokeback Mountain” may have been considered a risky film to make, but director Ang Lee said his new movie, “Life of Pi,” a 3D exploration of faith about a boy stranded on a boat with a Bengal tiger, is his riskiest yet.The film, which was released in U.S. theaters this week, is adapted from Yann Martel‘s best-selling novel of the same name and was once considered...

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Massachusetts gas explosion under investigation

SPRINGFIELD, Mass. (AP) — Dozens of building inspectors began assessing homes and businesses in one of New England's biggest cities on Saturday, a day after a natural gas explosion leveled a strip club located next to a day care and heavily damaged a dozen other structures. The blast injured 18 people, many of them first responders.Investigators were trying to figure out what caused the Friday night...

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