Texas Instruments cuts 1,700 jobs, winds down tablet chips

NEW YORK/SAN FRANCISCO (Reuters) – Texas Instruments is eliminating 1,700 jobs, as it winds down its mobile processor business to focus on chips for more profitable markets like cars and home appliances.Texas Instruments said in September it would halt costly investments in the increasingly competitive smartphone and tablet chip business, leading Wall...

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Canada’s Carney says rate hikes “less imminent”

TORONTO (Reuters) – Interest rate hikes have become less imminent than the Bank of Canada once expected, although rates are still likely to rise, central bank Governor Mark Carney said in an interview published on Saturday.“Over time, rates are likely to increase somewhat, but over time, so a less imminent timing relative to our expectation,” Carney said...

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Dutch hospital to lead organ trafficking probe

THE HAGUE, Netherlands (AP) — A Dutch academic hospital is taking the lead in a major international investigation into the illegal trafficking in human organs for transplants.The Erasmus Medical Center in Rotterdam announced Thursday it is heading a three-year probe to “map out this relatively new form of serious crime.” Organizations...

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Michael Jackson’s assistant files class-action lawsuit against “This Is It” tour promoter

LOS ANGELES (TheWrap.com) – Michael Jackson has been dead for more than three years now – but apparently he lives on in the halls of America’s legal system.Jackson’s former assistant, Michael Amir Williams, filed a class-action lawsuit against concert promoters AEG Live in Los Angeles Superior Court on Friday, claiming he and others hired to attend to...

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Sources: BP to pay record fine for Gulf Coast disaster

HOUSTON/WASHINGTON (Reuters) - BP Plc is expected to pay a record U.S. criminal penalty and plead guilty to criminal misconduct in the 2010 Deepwater Horizon disaster through a plea deal reached with the Department of Justice (DoJ) that may be announced as soon as Thursday, according to sources familiar with discussions. Three sources, who spoke to Reuters on condition of anonymity, said...

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Beating tax cheats key to Italy’s recovery plan

ROME (AP) — Good plumbers may be worth their weight in gold, but when one was spotted zipping around in a bright red Ferrari, Italian tax police were fast on his trail.Stamping out entrenched tax evasion is crucial to Premier Mario Monti‘s quest to keep Italy from succumbing to the European debt crisis, and it is critical to fellow eurozone members in...

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Anne Hathaway reveals oatmeal paste diet for ‘Les Miserables’

LOS ANGELES (Reuters) – Hollywood starlet Anne Hathaway credits a strict diet of dried oatmeal paste for helping her shed some 25 pounds (11 kg) for her role in the forthcoming big screen musical “Les Miserables.”“I had to be obsessive about it – the idea was to look near death,” Hathaway told Vogue about preparing for her role as the consumptive prostitute...

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New Hope For ‘Man on Fire Syndrome’

Pamela Costa has never known a day without agonizing pain in her legs and feet.At age 11, the Seattle native was diagnosed with inherited erythromelalgia, a genetic condition that causes such severe pain and redness some call it “Man on Fire Syndrome.” “Think of the feeling that you get when you come in from the cold...

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Prospect of going over 'fiscal cliff' bringing old rivals together

6 Generals Behaving Badly http://t.co/pxO4NbDE #Petra...

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Microsoft and Google financials could surface at trial

(Reuters) – Microsoft and Google‘s Motorola Mobility unit squared off on Tuesday at a trial with strategic implications for the smartphone patent wars and which could reveal financial information the two companies usually keep under wraps.The proceeding in a Seattle federal court will determine how much of a royalty Microsoft Corp should pay Google Inc...

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