DealBook | The Trade: An Asset So Toxic They Called It ‘Nuclear Holocaust’

On March 16, 2007, Morgan Stanley employees working on one of the toxic assets that helped blow up the world economy discussed what to name it. Among the team members’ suggestions: “Subprime Meltdown,” “Hitman,” “Nuclear Holocaust” and “Mike Tyson’s Punchout,” as well a simple yet direct reference to a bag of excrement.Ha ha. Those hilarious investment bankers.Then they gave it its real name and sold...

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Marijuana still a drug with no accepted medical use, court says

WASHINGTON — Marijuana will continue to be considered a highly dangerous drug under federal law with no accepted medical uses,...

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Google’s fourth quarter results shine after ad rate decline slows

SAN FRANCISCO (Reuters) – Revenue from Google Inc’s core Internet business outpaced many analysts’ expectations during the crucial holiday quarter and advertising rates fell less than in previous periods, pushing its shares up more than 4 percent.The world’s largest Internet search company introduced new product listings during the fourth quarter – typically its strongest – and also benefited from...

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“Zero Dark Thirty” heads to Europe: will torture controversy follow?

LOS ANGELES (TheWrap.com) – Best Picture Oscar nominee “Zero Dark Thirty” rolls out in several Western European countries starting Wednesday, absent – at least for now – the firestorm of criticism that has accompanied its U.S. release.The movie has been a lightning rod for detractors in the U.S. over its perceived endorsement of torture, an allegation that director Kathryn Bigelow and Sony executives...

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Medicaid Patients Could Face Higher Fees Under a Proposed Federal Policy

WASHINGTON — Millions of low-income people could be required to pay more for health care under a proposed federal policy that would give states more freedom to impose co-payments and other charges on Medicaid patients. Hoping to persuade states to expand Medicaid, the Obama administration said state Medicaid officials could charge higher co-payments and premiums for doctors’ services, prescription...

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Wal-Mart Toughens Fire Safety Rules for Suppliers

Facing criticism for selling garments made at a Bangladesh factory where 112 workers died in a fire last November, Wal-Mart Stores told its worldwide suppliers Tuesday that it was adopting tougher rules on fire safety at its contractors and would have “zero tolerance” for suppliers that used unauthorized subcontractors. At least two suppliers were using the Tazreen Fashions factory in Bangladesh...

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A taste of home-kitchen-based business

When Caron Ory's father was diagnosed with diabetes and struggled to stop eating sugar, the trained dietitian told him not to...

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Sony to sell new Xperia tablet in Japan: Nikkei

(Reuters) – Sony Corp’s Sony Mobile Communications Inc said it will sell the new version of its Xperia tablet in Japan this spring, the Nikkei reported, citing Kyodo News.The Xperia Tablet Z, whose price has not been announced, has a 10.1-inch display, is 6.9 mm thin and weighs 495 grams, according to the company’s website.Rival Google Inc’s Nexus 10 tablet is 8.9 mm thick, while Apple Inc’s iPad...

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Chastain horror film “Mama” takes big box office win

(Reuters) – Jessica Chastain overpowered Mark Wahlberg, Arnold Schwarzenegger and others as her low-budget horror flick emerged as the North American weekend box office champ and her Oscar-nominated “Zero Dark Thirty” captured the second spot as well.Chastain’s supernatural thriller, “Mama,” pulled in $ 28.1 million from Friday through Sunday at U.S. and Canadian theaters, according to studio estimates,...

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The Week: A Roundup of This Week’s Science News

“Science,” a colleague once said at a meeting, “is a mighty enterprise, which is really rather quite topical.” He was so right: as we continue to enhance our coverage of the scientific world, we always aim to keep the latest news front and center. His observation seemed like a nice way to introduce this column, which will highlight the week’s developments in health and science news and glance...

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