Analysis: Apple's swoon exposes risk lurking in mutual funds

NEW YORK (Reuters) - The nearly 28 percent decline in shares of Apple Inc since mid-September isn't just painful to individual shareholders. It's also being felt by investors who chased hot mutual funds that loaded up on Apple as the stock raced to a record $705 per share. Apple makes up 10 percent or more of assets in 117 out of the 1,119 funds that own its shares, according to data...

Read More..

Douglas wins AP female athlete of the year honors

When Gabby Douglas allowed herself to dream of being the Olympic champion, she imagined having a nice little dinner with family and friends to celebrate. Maybe she'd make an appearance here and there."I didn't think it was going to be crazy," Douglas said, laughing. "I love it. But I realized my perspective was going to have to change."Just a bit.The teenager has become a worldwide star since winning...

Read More..

AP IMPACT: Big Pharma cashes in on HGH abuse

A federal crackdown on illicit foreign supplies of human growth hormone has failed to stop rampant misuse, and instead has driven record sales of the drug by some of the world's biggest pharmaceutical companies, an Associated Press investigation shows.The crackdown, which began in 2006, reduced the illegal flow of unregulated supplies from China, India and Mexico.But since then, Big Pharma has been...

Read More..

PSY's 'Gangnam Style' reaches 1B views on YouTube

NEW YORK (AP) — Viral star PSY has reached a new milestone on YouTube.The South Korean rapper's video for "Gangnam Style" has reached 1 billion views, according to YouTube's own counter. It's the first time any clip has surpassed that mark on the streaming service owned by Google Inc.It shows the enduring popularity of the self-deprecating video that features Park Jae-sang's giddy up-style dance moves....

Read More..

Emanuel explores Midway privatization

Mayor Rahm Emanuel's administration will explore the possibility of privatizing Midway Airport but will take a shorter-term,...

Read More..

Judge refuses to erase 'code of silence' verdict

Security tape captures former Chicago police Officer Anthony...

Read More..

Deutsche Telekom finance chief to replace CEO Obermann

FRANKFURT (Reuters) - Deutsche Telekom chief executive Rene Obermann has unexpectedly announced he will step down at the end of 2013 and be succeeded by finance director Timotheus Hoettges. Hoettges, 50, said on Thursday he was not planning major changes to strategy and would continue Obermann's drive of investing in the United States and Germany as the firm battles to return to revenue growth...

Read More..

Michael Phelps voted AP male athlete of year

Now that he's away from the pool, Michael Phelps can reflect — really reflect — on what he accomplished.Pretty amazing stuff."It's kind of nuts to think about everything I've gone through," Phelps said. "I've finally had time to myself, to sit back and say, '... that really happened?' It's kind of shocking at times."Not that his career needed a capper, but Phelps added one more honor to his staggering...

Read More..

Taylor Swift keeps Bruno Mars out of Billboard 200 top spot

LOS ANGELES (Reuters) – Country pop star Taylor Swift held her reign at the top of the Billboard 200 album chart on Wednesday, keeping retro-inspired R&B singer Bruno Mars‘ new album at bay.Swift’s latest album, “Red,” released in October, held the No. 1 slot for a fifth non-consecutive week with sales of 208,000, according to figures from Nielsen SoundScan.Mars’ second album, “Unorthodox Jukebox,”...

Read More..

AP IMPACT: Steroids loom in major-college football

WASHINGTON (AP) — With steroids easy to buy, testing weak and punishments inconsistent, college football players are packing on significant weight — 30 pounds or more in a single year, sometimes — without drawing much attention from their schools or the NCAA in a sport that earns tens of billions of dollars for teams.Rules vary so widely that, on any given game day, a team with a strict no-steroid...

Read More..