Instant View: Holiday PC sales slide for first time in over five years

SAN FRANCISCO (Reuters) - Holiday season sales of personal computers fell for the first time in more than five years, according to industry tracker IDC, as Microsoft Corp's Windows 8 failed to excite buyers and many opted for tablet devices and powerful smartphones instead.Commentary:SHAW WU, ANALYST, STERNE AGEE"Things are getting really tough for Dell, which is not well-positioned in emerging markets....

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Short-sellers circle stocks as confidence wavers

LONDON (Reuters) - How durable is the Wall Street bounce following last week's U.S. budget deal? Not very, some speculators believe.Hedge funds are betting that a rally in U.S. stocks after a retreat from the "fiscal cliff" will reverse as doubts grow that politicians are ready to sacrifice party interests to keep the world's economic engine running, early data shows.On the cusp of a January 1 deadline,...

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Markets rise as Alcoa sees stronger demand

LONDON (AP) — World stock markets rose Wednesday after the fourth-quarter earnings season got off to a positive start in the U.S. with aluminum giant Alcoa forecasting higher demand for 2013.Sales of aluminum have been hurt by the weak global economy, but Alcoa predicted a 7 percent increase in demand this year, slightly better than the 6 percent increase in 2012. Because Alcoa supplies so many key...

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Timeline: Geithner's stormy tenure at Treasury nears end

(Reuters) - President Barack Obama will nominate White House chief of staff Jack Lew on Thursday to succeed Timothy Geithner as U.S. Treasury secretary, according to a source familiar with the matter.Geithner, the longest-serving member of Obama's economic team, had a stormy tenure at Treasury, where he was at the center of the fight against the 2007-2009 financial crisis and deep recession.Here...

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Business leaders warn UK PM against leaving EU

LONDON (AP) — Top business executives have warned U.K. Prime Minister David Cameron that he could damage Britain's economy if he seeks to renegotiate the terms of its membership in the 27-country European Union.In a letter published in the Financial Times on Wednesday, Virgin Group's Richard Branson, London Stock Exchange head Chris Gibson-Smith and eight other business leaders challenged Cameron's...

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Texas school can force teenagers to wear locator chip: judge

SAN ANTONIO (Reuters) - A public school district in Texas can require students to wear locator chips when they are on school property, a federal judge ruled on Tuesday in a case raising technology-driven privacy concerns among liberal and conservative groups alike.U.S. District Judge Orlando Garcia said the San Antonio Northside School District had the right to expel sophomore Andrea Hernandez, 15,...

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US sees Iran behind hostage photos of ex-FBI agent

WASHINGTON (AP) — Two years after a hostage video and photographs of retired FBI agent Robert Levinson raised the possibility that the missing American was being held by terrorists, U.S. officials now see the government of Iran behind the images, intelligence officials told The Associated Press.Levinson, a private investigator, disappeared in 2007 on the Iranian island of Kish. The Iranian government...

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Debt ceiling no place for stand on spending: Nasdaq's Greifeld

NEW YORK (Reuters) - The U.S. borrowing limit should not be used as leverage by members of Congress to force the Obama administration to cut spending as there will be other opportunities to make a stand, said Robert Greifeld, chief executive of Nasdaq OMX Group.The debt ceiling, which could be hit as early as mid-February, has been dragged into a high-stakes fiscal battle snarling Washington, with...

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Google executive chairman arrives in North Korea

PYONGYANG, North Korea (AP) — Google's chairman wants a firsthand look at North Korea's economy and social media landscape during his private visit Monday to the communist nation, his delegation said, despite misgivings in Washington over the timing of the trip.Eric Schmidt, executive chairman of one of the world's biggest Internet companies, is the highest-profile U.S. executive to visit North Korea...

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Softer liquidity rules lift Europe's banks

LONDON (Reuters) - French and German bank shares rose on Monday after regulators softened draft rules aimed at preventing a Lehman Brothers-style collapse that critics said threatened to delay a European economic recovery.Global regulators on Sunday gave banks four more years and greater flexibility to improve their funding positions, due to fears that an earlier plan for new liquidity rules would...

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