Senate approves "fiscal cliff" deal, crisis eased

WASHINGTON (Reuters) - The Senate moved the U.S. economy back from the edge of a "fiscal cliff" on Tuesday, voting to avoid imminent tax hikes and spending cuts in a bipartisan deal that could still face stiff challenges in the House of Representatives.In a rare New Year's session at around 2 a.m. EST (0700 GMT), senators voted 89-8 to raise some taxes on the wealthy while making permanent low tax...

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Pudding Monsters tops iPhone Games of the Week

Now that the holiday season is behind us, we get to sit in that awkward bit of time at the end of the year. That time that is so utterly devoted to reminiscence and top games of the year lists. As such, it’s hard to find out about notable new releases, and most developers avoid this time like the plague. Thankfully, last week was so utterly packed with releases that there’s enough for a second list....

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Number of e-book readers increasing in United States: survey

The popularity of electronic books is increasing in the United States, with nearly one-quarter of American bibliophiles reading e-books, according to a survey released on Thursday.The number of e-readers aged 16 years and older jumped from 16 percent in 2011 to 23 percent this year, while print readers fell from 72 to 67 percent in 2012, in a survey conducted by the Pew Research Center."The move toward...

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Marvell has options as it faces $1 billion patent verdict

 As Marvell Technology Group Ltd embarks on a legal process to void a $1.17 billion damages verdict in a patent dispute with Carnegie Mellon University, it has some reasons to be optimistic.The verdict was delivered on Wednesday by a jury in Pittsburgh, which found that Marvell had infringed two patents owned by Carnegie Mellon related to how accurately hard-drive circuits read data from high-speed...

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Working conditions begin to improve at Apple partner’s factories

It has been nearly a year since Apple (AAPL) CEO Tim Cook addressed the unsafe working conditions in the company’s supply chain factories. Following an investigation from the Fair Labor Association that found a number of Chinese labor law violations, Apple and Foxconn (2038) agreed to improve conditions. The companies planned a series of reforms, including reduced hours and significantly higher wages....

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Lumia smartphones see deep discounts from Verizon, T-Mobile and Amazon

Lumia line of smartphones is now seeing post-holiday discounts at a variety of retailers shortly after launching in the United States. The phones, which run Microsoft’s (MSFT) Windows Phone 8 operating system, are the company’s latest gamble after a string of launches that were not well received. Verizon’s (VZ) Lumia 822 can now be had for free with a new two-year agreement, as can T-Mobile’s Lumia...

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BMW's vehicle sales reach 1.8 million in 2012: CFO

BMW , the world's largest premium carmaker, has sold about 1.8 million vehicles in 2012, its chief financial officer told a German newspaper."One of our goals was to increase vehicle sales in 2012 and to reach a new record in deliveries. With about 1.8 million vehicles, we have achieved this," the executive, Friedrich Eichiner, told Die Welt in an interview.In December, BMW said vehicle sales in the...

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Settlement reached in Toyota acceleration cases

LOS ANGELES (AP) — Toyota Motor Corp. said Wednesday it has reached a settlement worth more than $1 billion in a case involving unintended acceleration problems in its vehicles.The company said the deal will resolve hundreds of lawsuits from Toyota owners who said the value of their cars and trucks plummeted after a series of recalls stemming from claims that Toyota vehicles accelerated unintentionally.Steve...

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Large, powerful storm heads east; at least 6 dead

A powerful winter storm system pounded the nation's midsection Wednesday and headed toward the Northeast, where people braced for the high winds and heavy snow that disrupted holiday travel, knocked out power to thousands of homes and were blamed in at least six deaths.Hundreds of flights were canceled or delayed, scores of motorists got stuck on icy roads or slid into drifts, and blizzard warnings...

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Wells Fargo doesn't have to pay clients $203 million: court

SAN FRANCISCO (Reuters) - A U.S. appeals court vacated an injunction and a $203 million restitution order against Wells Fargo & Co in consumer litigation over the bank's overdraft policies, according to a ruling issued on Wednesday.But the 9th U.S. Circuit Court of Appeals in San Francisco also found Wells had violated part of California's unfair competition law, and sent the case back to trial...

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