Apple falls on lower shipment forecasts, muted China debut

(Reuters) - Apple Inc shares fell 3.9 percent on Friday after the iPhone 5 debuted in China to a cool reception and two analysts cut shipment forecasts. Jefferies analyst Peter Misek trimmed his iPhone shipment estimates for the Jan-March quarter, saying that the technology company had started cutting orders to suppliers to balance excess inventory. Shares of Apple suppliers Jabil Circuit...

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AP source: Suzuki, Yankees close in on $13M deal

NEW YORK (AP) — Ichiro Suzuki and the New York Yankees closed in Friday on a $13 million, two-year contract, according to a person familiar with the negotiations.The sides still had to finalize language and the deal will be subject to a physical, the person said, speaking on condition of anonymity because the agreement was not complete. Suzuki will get $6.5 million a year.Acquired from the Seattle...

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Singer-songwriter Carole King to receive U.S. Gershwin prize

(Reuters) – American singer-songwriter Carole King will be awarded the Library of Congress Gershwin Prize for Popular Song, the U.S. national library said on Thursday.The multiple Grammy Award winner co-wrote her first No. 1 hit at age 17 with then-husband Gerry Goffin and was the first female solo artist to sell more than 10 million copies of a single album, with her 1971 release “Tapestry.”The prize...

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Fewer health care options for illegal immigrants

ALAMO, Texas (AP) — For years, Sonia Limas would drag her daughters to the emergency room whenever they fell sick. As an illegal immigrant, she had no health insurance, and the only place she knew to seek treatment was the hospital — the most expensive setting for those covering the cost.The family's options improved somewhat a decade ago with the expansion of community health clinics, which offered...

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Owner of Rivera plane being investigated by DEA

PHOENIX (AP) — The company that owns a luxury jet that crashed and killed Latin music star Jenni Rivera is under investigation by the U.S. Drug Enforcement Administration, and the agency seized two of its planes earlier this year as part of the ongoing probe.DEA spokeswoman Lisa Webb Johnson confirmed Thursday the planes owned by Las Vegas-based Starwood Management were seized in Texas and Arizona,...

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Push for minimum wage hike intensifies

NEW YORK — Before the recession, Amie Crawford was an interior designer, earning $50,000 a year patterning baths and cabinets...

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Smokestack victim: 'Everything he did, he had fun doing it'

The man, 23, was trying to take a photo from the top of the Intercontinental Hotel on Michigan Avenue. (Posted Dec. 13th, 2012) ...

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iPhone 5 hits China as Apple market share slips

SHANGHAI (Reuters) - The China release of its iPhone 5 on Friday should win Apple Inc some respite from a recent slide in its share of what is likely already the world's biggest smartphone market, but its longer-term hopes may depend on new technology being tested by China's top telecoms carrier. Cupertino, California-based Apple has been in talks about a tie-up with China Mobile for...

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Big East nonfootball members mull future of league

NEW YORK (AP) — The seven Big East schools that don't play football spoke with the conference commissioner Thursday about possibly breaking from a league that has been drastically reshaped. Such a breakup would be complicated and could conceivably kill the Big East.Commissioner Mike Aresco conferred by phone with the leaders of those seven schools, according to a person familiar with the situation....

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A Minute With: Director Peter Jackson on shooting “The Hobbit”

LOS ANGELES (Reuters) – After bringing J.R.R. Tolkien‘s “The Lord of the Rings” trilogy to life, filmmaker Peter Jackson is back in the world of Middle Earth with the author’s prequel, “The Hobbit.”The three-film series is due to open in U.S. theaters on Friday with “The Hobbit: An Unexpected Journey.”The Oscar-winning director, 51, told Reuters about the 3D film, including the 48 frames per second...

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