Wall Street sinks after election as "fiscal cliff" eyed

NEW YORK (Reuters) - The Dow industrials lost more than 300 points in a sell-off on Wednesday that drove all major stock indexes down over 2 percent in the wake of the presidential election as investors' focus shifted to the looming "fiscal cliff" debate and Europe's economic troubles. The Standard & Poor's 500 Index posted its biggest daily percentage drop since June, with all 10 S&P sectors...

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Coal company announces layoffs in response to Obama win

A coal company headed by a prominent Mitt Romney donor has laid off more than 160 workers in response to President Obama's election victory. Murray Energy said Friday that it had been "forced" to make the layoffs in response to the bleak prospects for the coal industry during Obama's second term. In a prayer circulated by the company, CEO Robert Murray said Americans had voted "in favor of redistribution,...

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U.S. to Pass Saudi Arabia in Energy Production, IEA Says: Huge Foreign Policy, Economic Implications

A new report by the International Energy Association says the U.S. will become the world's largest oil producer by 2017, overtaking current leaders Saudi Arabia and Russia. U.S. energy policies initiated by the George W. Bush administration and implemented by President Barack Obama have moved the U.S. toward energy independence and away from Middle East energy sources. U.S. oil production has risen...

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Eurozone back in recession in Q3

LONDON (AP) -- The 17-country eurozone has bowed to the inevitable and fallen back into recession for the first time in three years as a sprawling debt crisis took its toll on the region's stronger economies. And with surveys pointing to increasingly depressed conditions across the eurozone at a time of high unemployment in many countries, there are fears that the recession will deepen, and make the...

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Are We Regulating Ourselves Back Into Recession?

Let us put an end to self-inflicted wounds," President Gerald Ford told Congress in 1975. "And let us remember that our national unity is a most priceless asset." While Ford was talking about the scars from the Vietnam War, his words seem relevant today. Our nation grapples with not one divisive issue, but a basket of them, each pulling and undermining our already battered confidence, while testing...

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What It's Like as a Rival NFL Fan Living in the Bay Area

Football fans stay fans for life, but occasionally in life, people move. Despite relocation, fans stay true to their hometown team. It must be difficult for a fan to remain loyal when living in rival or enemy territory. But with the San Francisco Bay Area home to both the San Francisco 49ers and the Oakland Raiders, there are plenty of rival fans around. Here's what a few of them had to say about...

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Indy hoping to make most of 2nd chance at playoffs

INDIANAPOLIS (AP) — Indianapolis allowed one postseason-clinching chance to slip away at Houston.It doesn't intend to let the same thing happen again at Kansas City."It's the playoffs. This is the playoffs," interim coach Bruce Arians said before Wednesday's practice began.For the Colts (9-5), this is a rare second chance in a league where players and teams risk being left behind any time they miss...

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NFL-Giants' Cruz calls Newtown visit a revelation

EAST RUTHERFORD, N.J., Dec 19 (Reuters) - A visit with the grief-stricken family of a six-year-old victim from last week's Connecticut elementary school massacre has left New York Giants receiver Victor Cruz looking at life through a different lens.The National Football League player said on Wednesday the 75-minute visit to the home of six-year-old Giants fan Jack Pinto, who was a buried in a replica...

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Giants' Cruz calls Newtown visit a revelation

EAST RUTHERFORD, New Jersey (Reuters) - A visit with the grief-stricken family of a six-year-old victim from last week's Connecticut elementary school massacre has left New York Giants receiver Victor Cruz looking at life through a different lens.The National Football League player said on Wednesday the 75-minute visit to the home of six-year-old Giants fan Jack Pinto, who was a buried in a replica...

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NFL-Giants, Ravens feel the urgency of Sunday's showdown

EAST RUTHERFORD, New Jersey, Dec 19 (Reuters) - The New York Giants and Baltimore Ravens, both coming off one-sided losses, are looking forward to Sunday's playoff-calibre showdown with a sense of urgency running through both teams.The Super Bowl champion Giants need to win their last two games, including a regular season finale against Philadelphia, to ensure a place in the playoffs, while the Ravens,...

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