Wall Street ends sour week with fifth straight decline

NEW YORK (Reuters) - Stocks fell for a fifth straight day on Friday, dropping 1 percent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight.

President Barack Obama and top congressional leaders met at the White House to work on a solution for the draconian debt-reduction measures set to take effect beginning next week. Stocks, which have been influenced by little else than the flood of fiscal cliff headlines from Washington in recent days, extended losses going into the close with the Dow Jones industrial average and the S&P 500 each losing 1 percent, after reports that Obama would not offer a new plan to Republicans. The Dow closed below 13,000 for the first time since December 4.

"I was stunned Obama didn't have another plan, and that's absolutely why we sold off," said Mike Shea, managing partner at Direct Access Partners LLC in New York. "He's going to force the House to come to him with something different. I think that's a surprise. The entire market is disappointed in a lack of leadership in Washington."

In a sign of investor anxiety, the CBOE Volatility Index <.vix>, known as the VIX, jumped 16.69 percent to 22.72, closing at its highest level since June. Wall Street's favorite fear barometer has risen for five straight weeks, surging more than 40 percent over that time.

The Dow Jones industrial average <.dji> dropped 158.20 points, or 1.21 percent, to 12,938.11 at the close. The Standard & Poor's 500 Index <.spx> lost 15.67 points, or 1.11 percent, to 1,402.43. The Nasdaq Composite Index <.ixic> fell 25.59 points, or 0.86 percent, to end at 2,960.31.

For the week, the Dow fell 1.9 percent. The S&P 500 also lost 1.9 percent for the week, marking its worst weekly performance since mid-November. The Nasdaq finished the week down 2 percent. In contrast, the VIX jumped 22 percent for the week.

Pessimism continued after the market closed, with stock futures indicating even steeper losses. S&P 500 futures dropped 26.7 points, or 1.9 percent, eclipsing the decline seen in the regular session.

All 10 S&P 500 sectors fell during Friday's regular trading, with most posting declines of 1 percent, but energy and material shares were among the weakest of the day, with both groups closely tied to the pace of growth.

An S&P energy sector index <.gspe> slid 1.8 percent, with Exxon Mobil down 2 percent at $85.10, and Chevron Corp off 1.9 percent at $106.45. The S&P material sector index <.gspm> fell 1.3 percent, with U.S. Steel Corp down 2.6 percent at $23.03.

Decliners outnumbered advancers by a ratio of slightly more than 2 to 1 on the New York Stock Exchange, while on the Nasdaq, two stocks fell for every one that rose.

"We've been whipsawing around on low volume and rumors that come out on the cliff," said Eric Green, senior portfolio manager at Penn Capital Management in Philadelphia, who helps oversee $7 billion in assets.

With time running short, lawmakers may opt to allow the higher taxes and across-the-board federal spending cuts to go into effect and attempt to pass a retroactive fix soon after the new year. Standard & Poor's said an impasse on the cliff wouldn't affect the sovereign credit rating of the United States.

"We're not as concerned with January 1 as the market seems to be," said Richard Weiss, senior money manager at American Century Investments, in Mountain View, California. "Things will be resolved, just maybe not on a good timetable, and any deal can easily be retroactive."

Trading volume was light throughout the holiday-shortened week, with just 4.46 billion shares changing hands on the New York Stock Exchange, the Nasdaq and NYSE MKT on Friday, below the daily average so far this year of about 6.48 billion shares. On Monday, the U.S. stock market closed early for Christmas Eve, and the market was shut on Tuesday for Christmas. Many senior traders were absent this week for the holidays.

Highlighting Wall Street's sensitivity to developments in Washington, stocks tumbled more than 1 percent on Thursday after Senate Majority Leader Harry Reid warned that a deal was unlikely before the deadline. But late in the day, stocks nearly bounced back when the House said it would hold an unusual Sunday session to work on a fiscal solution.

Positive economic data failed to alter the market's mood.

The National Association of Realtors said contracts to buy previously owned U.S. homes rose in November to their highest level in 2-1/2 years, while a report from the Institute for Supply Management-Chicago showed business activity in the U.S. Midwest expanded in December.

"Economic reports have been very favorable, and once Congress comes to a resolution, the market should resume an upward trend, based on the data," said Weiss, who helps oversee about $125 billion in assets. "All else being equal, we see any further decline as a buying opportunity."

Barnes & Noble Inc rose 4.3 percent to $14.97 after the top U.S. bookstore chain said British publisher Pearson Plc had agreed to make a strategic investment in its Nook Media subsidiary. But Barnes & Noble also said its Nook business will not meet its previous projection for fiscal year 2013.

Shares of magicJack VocalTec Ltd jumped 10.3 percent to $17.95 after the company gave a strong fourth-quarter outlook and named Gerald Vento president and chief executive, effective January 1.

The U.S.-listed shares of Canadian drugmaker Aeterna Zentaris Inc surged 13.8 percent to $2.47 after the company said it had reached an agreement with the U.S. Food and Drug Administration on a special protocol assessment by the FDA for a Phase 3 registration trial in endometrial cancer with AEZS-108 treatment.

(Reporting by Ryan Vlastelica; Editing by Jan Paschal)

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Victim of Gang Rape in India Dies at Hospital in Singapore

NEW DELHI — A young woman who had been in critical condition since she was raped two weeks ago by a group of men who lured her onto a bus here died early Saturday, an official at the hospital in Singapore that was caring for her said.

The woman, a 23-year-old physiotherapy student whose rape on Dec. 16 had served as a reminder of the dangerous conditions women face in India, died “peacefully,” according to a statement by Dr. Kelvin Loh, the chief executive of Mount Elizabeth Hospital in Singapore.

The woman, whose intestines were removed because of injuries caused by a metal rod used during the rape, has not been identified. She was flown to Singapore on Wednesday night after undergoing three abdominal operations at a local hospital. She had also suffered a major brain injury, cardiac arrest and infections of the lungs and abdomen. “She was courageous in fighting for her life for so long against the odds, but the trauma to her body was too severe for her to overcome,” Dr. Loh’s statement said.

The police have arrested six people in connection with the attack, Indian officials said.

Revulsion and anger over the rape have galvanized India, where women regularly face sexual harassment and assault, and where neither the police nor the judicial system is seen as adequately protecting them.

As government officials and the police appealed for calm, protesters gathered in New Delhi at Jantar Mantar, a popular site for demonstrations, just after dawn. The roads leading to India Gate, the site of earlier protests that had turned violent, had been barricaded by the police, and nearby subway stations were closed. More than 40 police units have been deployed in the area, including 28 units of the Central Reserve Police Force, which are national anti-insurgency troops.

Top officials now say that further change is needed, and Prime Minister Manmohan Singh expressed his “deepest condolences.”

“We have already seen the emotions and energies this incident has generated,” he said in a statement. “It would be a true homage to her memory if we are able to channelize these emotions and energies into a constructive course of action.” The government, he said, is examining “the penal provisions that exist for such crimes and measures to enhance the safety and security of women.”

The six men arrested in the case will be charged with murder, the Delhi police said Saturday morning, as they, too, asked citizens to remain calm.

"We appeal to the people that they maintain peace," Satyendra Garg, a joint commissioner of the police, said in a televised interview. "We want the situation in Delhi to normalize as soon as possible," he said. Until then, he added, Delhi commuters will have to plan their travel carefully and be aware of the restrictions.

Activists and lawyers in India have long said that the police are insensitive when dealing with crimes against women, and that therefore many women do not report cases of sexual violence.

India, which has more than 1.3 billion people, recorded 24,000 cases of rape last year, a figure that has increased by 25 percent in the past six years. On Thursday, Delhi government officials said they would register the names and photographs of convicted rapists on the Delhi police Web site, the beginning of a national registry for rapists.

The family of an 18-year-old woman in the northern Indian state of Punjab who was raped last month by two men and committed suicide on Wednesday blamed the police on Friday for her death.

Relatives of the woman say she killed herself because the police delayed registering the case or arresting the rapists.

If the police “had done their job, she would be alive today,” the woman’s sister, Charanjit Kaur, 28, said in a phone interview. “They didn’t listen to us; they didn’t act.”

On Friday, the Punjab high court intervened, asking the police to explain their delay. Three police officers have been suspended in the case, according to news media reports. Punjab police officials did not respond to phone calls seeking comment.

Ms. Kaur said the men abducted her sister from a place of worship near the small town of Badshahpur on Nov. 13, then drugged and raped her repeatedly.

When her sister reported the attack at the local police station a few days later, she was asked to describe it in graphic detail and was “humiliated,” Ms. Kaur said. Over the next few days, she said, her mother and sister were repeatedly called to the police station and forced to sit all day.

But the case was not registered for two weeks, as police officials and village elders tried to broker a deal between the men accused of the rape and the victim. In some parts of India, women are commonly married to men who have raped them.

Ms. Kaur said the police told her family that, because they were poor, they would not be able to fight the matter in court. “They kept putting pressure on my family to take money or marry the accused or just somehow settle the matter,” she said.

After no agreement was reached, the police registered the case, but made no arrests.

The victim was stalked by the men accused of the rape, who threatened to kill her and her family if she refused to drop the complaint, her suicide note said.

“They have ruined my life,” the note read, Ms. Kaur said. It named two men and a woman who allegedly helped them in the kidnapping. Those men have been arrested, the police said.

Keith Bradsher contributed reporting from Hong Kong, and Sruthi Gottipati contributed from New Delhi.

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It’s Easy to Save Videos From Facebook Poke Permanently

Apps like Snapchat and Facebook Poke let users send short messages, photos or videos that automatically self-destruct after a few seconds. However, it’s actually very easy for a recipient to save some of those messages permanently — and without the sender knowing.

Both apps will alert the sender if the recipient takes a screengrab of whatever was sent, of course, but by connecting your phone to a PC or Mac, the messages can be secretly offloaded without the sender knowing — a possibility first reported by BuzzFeed. For an iPhone, all you’ll need is a third-party file manager like iExplorer.

[More from Mashable: Facebook in 2013: More Growing Pains Ahead]

For Poke, only videos can be permanently stored in this manner, and only videos that you haven’t already viewed. But it’s very easy. Once you’ve installed your file manager, connect your iPhone and you should see a list of your apps. Select the Poke folder, then navigate to Library>Caches>FBStore>315_14_>MediaCache. There you should see every Poke video that you haven’t yet watched. (See screencap below.)

[More from Mashable: NYC Releases App to Tell You When the Next Subway Is Coming]

From there, all you need to do is drag and drop the files to any other folder on your computer to copy and store them. After that, you can open the file in Poke, let it self-destruct, and the sender will be none the wiser.

Although permanent storage only works for videos in Poke, performing similar steps for Snapchat will let you save both videos and photos.

While it’s a bit surprising that it’s so easy to save messages that are ostensibly deleted permanently, it may be a stretch to characterize this file caching as a “vulnerability” of the apps, which are generally intended for casual use. Facebook‘s official statement on the matter appears to take this stance:

“Poke is a fun and easy way to communicate with your friends and is not designed to be a secure messaging system. While Pokes disappear after they are read, there are still ways that people can potentially save them. For example, you could take a screenshot of a photo, in which case the sender is notified. People could also take a photo of a photo you sent them, or a video of a video, with another camera. Because of this, people should think about what they are sending and share responsibly.”

What do you think of the potential for someone to save a Facebook Poke or Snapchat message? Let us know in the comments.

Top image courtesy of iStockphoto, JimmyAnderson

Facebook Poke: Startup Screen

Poke, the new iPhone app from Facebook, lets you send short messages, photos and videos to friends that automatically self destruct after a few seconds. If you have the Facebook app on your phone already, logging in is effortless.

Click here to view this gallery.

This story originally published on Mashable here.

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Gen. Norman Schwarzkopf, Commander in Persian Gulf War, Dies at 78

By Mike Fleeman

12/27/2012 at 08:10 PM EST

H. Norman Schwarzkopf, the Army general who commanded coalition forces in the Persian Gulf War against Saddam Hussein, died Thursday in Tampa, Fla., at age 78.

The cause of death was not immediately known. His death was confirmed to the Associated Press by a source.

Known as "Stormin' Norman" for his volcanic temper, the decorated Vietnam War combat soldier became a familiar face from his many press conferences during Operation Desert Storm in 1991.

Under his leadership during the presidency of George H.W. Bush, coalition forces drove Hussein's troops out of Kuwait, which Iraq had invaded, with relatively few coalition casualties, but the Iraqi leader remained in power.

Hussein would ultimately be left for Bush's presidential son, George W. Bush, to contend with.

After the Gulf War, Schwarzkopf became a television military analyst and went into a quiet retirement in Florida to write his memoirs.

The elder Bush, now hospitalized in intensive care, said in a statement that Schwarzkopf was a "true American patriot and one of the great military leaders of his generation."

"More than that, he was a good and decent man – and a dear friend," says Bush. "Barbara and I send our condolences to his wife Brenda and his wonderful family."

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Kenya hospital imprisons new mothers with no money

NAIROBI, Kenya (AP) — The director of the Pumwani Maternity Hospital, located in a hardscrabble neighborhood of downtown Nairobi, freely acknowledges what he's accused of: detaining mothers who can't pay their bills. Lazarus Omondi says it's the only way he can keep his medical center running.

Two mothers who live in a mud-wall and tin-roof slum a short walk from the maternity hospital, which is affiliated with the Nairobi City Council, told The Associated Press that Pumwani wouldn't let them leave after delivering their babies. The bills the mothers couldn't afford were $60 and $160. Guards would beat mothers with sticks who tried to leave without paying, one of the women said.

Now, a New York-based group has filed a lawsuit on the women's behalf in hopes of forcing Pumwani to stop the practice, a practice Omondi is candid about.

"We hold you and squeeze you until we get what we can get. We must be self-sufficient," Omondi said in an interview in his hospital office. "The hospital must get money to pay electricity, to pay water. We must pay our doctors and our workers."

"They stay there until they pay. They must pay," he said of the 350 mothers who give birth each week on average. "If you don't pay the hospital will collapse."

The Center for Reproductive Rights, which filed the suit this month in the High Court of Kenya, says detaining women for not paying is illegal. Pumwani is associated with the Nairobi City Council, one reason it might be able to get away with such practices, and the patients are among Nairobi's poorest with hardly anyone to stand up for them.

Maimouna Awuor was an impoverished mother of four when she was to give birth to her fifth in October 2010. Like many who live in Nairobi's slums, Awuor performs odd jobs in the hopes of earning enough money to feed her kids that day. Awuor, who is named in the lawsuit, says she had saved $12 and hoped to go to a lower-cost clinic but was turned away and sent to Pumwani. After giving birth, she couldn't pay the $60 bill, and was held with what she believes was about 60 other women and their infants.

"We were sleeping three to a bed, sometimes four," she said. "They abuse you, they call you names," she said of the hospital staff.

She said saw some women tried to flee but they were beaten by the guards and turned back. While her husband worked at a faraway refugee camp, Awuor's 9-year-old daughter took care of her siblings. A friend helped feed them, she said, while the children stayed in the family's 50-square-foot shack, where rent is $18 a month. She says she was released after 20 days after Nairobi's mayor paid her bill. Politicians in Kenya in general are expected to give out money and get a budget to do so.

A second mother named in the lawsuit, Margaret Anyoso, says she was locked up in Pumwani for six days in 2010 because she could not pay her $160 bill. Her pregnancy was complicated by a punctured bladder and heavy bleeding.

"I did not see my child until the sixth day after the surgery. The hospital staff were keeping her away from me and it was only when I caused a scene that they brought her to me," said Anyoso, a vegetable seller and a single mother with five children who makes $5 on a good day.

Anyoso said she didn't have clothes for her child so she wrapped her in a blood-stained blouse. She was released after relatives paid the bill.

One woman says she was detained for nine months and was released only after going on a hunger strike. The Center for Reproductive Rights says other hospitals also detain non-paying patients.

Judy Okal, the acting Africa director for the Center for Reproductive Rights, said her group filed the lawsuit so all Kenyan women, regardless of socio-economic status, are able to receive health care without fear of imprisonment. The hospital, the attorney general, the City Council of Nairobi and two government ministries are named in the suit.

___

Associated Press reporter Tom Odula contributed to this report.

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Consumer sentiment weakens as fiscal crisis looms

WASHINGTON (Reuters) - U.S. consumer confidence fell more than expected in December, hitting a four-month low as a looming fiscal crisis sapped what had been a growing sense of optimism about the economy.

The report heightened concerns that a failure by Washington to avert planned tax hikes and spending cuts could lead households to close their wallets, threatening an economic recovery that has been steady albeit lackluster.

Other data on Thursday highlighted the positive momentum building in the economy, with the number of Americans filing new claims for jobless benefits falling to a nearly 4-1/2 year low and new home sales hitting their highest level since April 2010.

But gauges of business sentiment have weakened recently on worries Washington will go forward with plans to slash the federal deficit by about $600 billion in 2013.

Now consumers also appear apprehensive, a sign worries about the so-called "fiscal cliff" could bite into household spending.

The Conference Board, an industry group, said its index of consumer attitudes fell to 65.1 from 71.5 in November.

A sub-index measuring how consumers feel about their present situation rose to its highest level in more than four years, but a gauge of sentiment about the future plunged to its lowest point in more than a year.

"Consumers are increasingly preoccupied with the potential damage the fiscal cliff will cause to the economy and to their wallets if a deal is not reached soon," economists at RBS in Stamford, Connecticut, wrote in a research note.

Separately, the Labor Department said initial claims for state unemployment benefits dropped 12,000 last week to a seasonally adjusted 350,000, the Labor Department said.

"This recent improvement in the claims data is potentially a favorable signal for the labor market," said Daniel Silver, an economist at JPMorgan in New York.

After spiking in the wake of a mammoth storm that ravaged the East Coast in late October, new claims have dropped to their lowest levels since the early days of the 2007-09 recession. The four-week moving average fell 11,250 last week to 356,750, the lowest since March 2008.

The claims data has no direct relation to the government's monthly employment report, but it suggests the surge in layoffs since the recession has at least run its course.

Still, many economists think hiring may remain sluggish even as the pace of layoffs ease.

Companies in recent months have been adding to their payrolls at a lackluster pace, and analysts expect the employment report due on January 4 will show 143,000 jobs were created in December, down from 146,000 in November.

"A significant improvement in labor market conditions ahead of any resolution to the fiscal cliff is unlikely," said Michael Gapen, an economist at Barclays in New York.

U.S. stocks opened flat but turned lower as the Senate Democratic leader derided Republicans for the lack of progress in budget talks and warned that a fall off the "cliff" appeared inevitable. Investors sought safety by buying U.S. Treasury debt and the dollar, which rose against the euro.

Following a truncated holiday break in Hawaii, U.S. President Barack Obama returned to Washington to restart talks to avoid the brunt of the fiscal cliff's impact, which would likely put the U.S. economy back into recession if not lessened.

HOLIDAY CAVEAT

The signs of progress in the claims data also included a caveat, at least for the latest week.

Obama declared Monday a holiday for federal workers and many state offices followed suit and were unable to provide complete data for last week's jobless claims. Data for 19 states was estimated, although 14 of those states submitted their own estimates, which tend to be fairly accurate.

The holiday season can make it more difficult to adjust the claims data for normal seasonal fluctuations, another reason to be cautious about the report for last week.

Separately, the Commerce Department said new U.S. single-family home sales rose in November to a 377,000-unit annual rate, while the median sales price jumped 14.9 percent from the same month in 2011, the latest signs the U.S. housing recovery is gaining some steam.

In a fourth report, the Chicago Federal Reserve Bank said its index of factory activity in the U.S. Midwest increased in November to 93.7 from a revised 92.2 in October.

(Reporting by Jason Lange; Additional reporting by Richard Leong and Ryan Vlastelica in New York; Editing by Neil Stempleman)

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Islamists’ Harsh Justice on Rise in Northern Mali

Joe Penney for The New York Times

There have been at least 14 cases of amputation since the Islamist takeover. Moctar Touré, above, was accused of stealing guns.

BAMAKO, Mali — Moctar Touré was strapped to a chair, blindfolded, his right hand bound tight to the armrest with a rubber tube. A doctor came and administered a shot. Then Mr. Touré’s own brother wielded a knife, the kind used to slaughter sheep, and methodically carried out the sentence.

“I myself cut off my brother’s hand,” said Aliou Touré, a police chief in the Islamist-held north of this divided nation. “We had no choice but to practice the justice of God.”

Such amputations are designed to shock — residents are often summoned to watch — and even as the world makes plans to recapture northern Mali by force, the Islamists who control it show no qualms about carrying them out.

After the United Nations Security Council authorized a military campaign to retake the region last week, Islamists in Gao, Mr. Touré’s town, cut the hands off two more people accused of being thieves the very next day, a leading local official said, describing it as a brazen response to the United Nations resolution. Then the Islamists, undeterred by the international threats against them, warned reporters that eight others “will soon share the same fate.”

This harsh application of Shariah law, with people accused of being thieves sometimes having their feet amputated as well, has occurred at least 14 times since the Islamist takeover last spring, not including the recent vow of more to come, according to Human Rights Watch and independent observers.

But those are just the known cases, and dozens of other residents have been publicly flogged with camel-hair whips or tree branches for offenses like smoking, or even for playing music on the radio. Several were whipped in Gao on Monday for smoking in public, an official said, while others said that anything other than Koranic verses were proscribed as cellphone ringtones. A jaunty tune is punishable by flogging.

At least one case of the most severe punishment — stoning to death — was carried out in the town of Aguelhok in July against a couple accused of having children out of wedlock.

Trials are often rudimentary. A dozen or so jihadi judges sitting in a circle on floor mats pronounce judgment, according to former Malian officials in the north. Hearings, judgment and sentence are usually carried out rapidly, on the same day.

“They do it among themselves, in closed session,” said Abdou Sidibé, a parliamentary deputy from Gao, now in exile here in the capital, Bamako. “These people who have come among us have imposed their justice,” he said. “It comes from nowhere.”

The jihadists are even attempting to sell the former criminal courts building in Gao, Mr. Sidibé said, because they no longer have any use for it. In Timbuktu, justice is dispensed from a room in a former hotel.

Many of the amputation victims have now drifted down to Bamako, in the south, which despite suffering from its own political volatility has become a haven for tens of thousands fleeing harsh conditions in the north, including the forced recruitment of child soldiers by the Islamists.

Moctar Touré, 25, and Souleymane Traoré, 25, both spoke haltingly and stared into the distance, remembering life before the moments that turned their worlds upside down and made them, as they felt, useless. They gently cradled the rounded stumps that now serve as arms, wondering what would come next.

The two young men had been truck drivers before Gao was overrun last spring. Both were accused of stealing guns; both said they merely acted out of patriotic feeling for the now-divided Malian state, with the intention of helping it regain the north.

In September, Mr. Traoré said, he was summoned from his jail cell after three months of a brutal prison term in which he was often fed nothing. Acquaintances had denounced him to the Islamist police; he was stealing the extremists’ weapons at night, he said, and burying them in the sand by the Niger River.

As ten other prisoners watched, he was ordered to sit in a chair, and his arms were tightly bound to it. With a razor, one of his jailers traced a circle on his forearm. “It pains me to even think about it,” he said, looking down, cradling his head in his remaining hand.

Mr. Touré’s brother, Aliou, the police chief, sawed off his hand. It took three minutes. Mr. Traoré said he passed out.

“I said nothing. I let them do it,” he said.

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8 Ways to Keep Your Screens Looking Brand New

1. Toddy Gear Smart Cloths

Toddy Gear brings coutre to screen cleaning with its line of Smart Cloths. Elegantly designed with dual-sided 100% microfiber cleaning surfaces, these are more than just cleaning tools — they’re a fashion statement. $ 14.99 Cleaning Pro Tip: Press gently when cleaning screens, LCD monitors in particular, because too much pressure can damage pixels or cause them to burn out faster than normal.

Click here to view this gallery.

[More from Mashable: Find the Right Maid Service with Bidmycleaning]

Holding your shiny new device in your hand — the one you’ve been cooing over since its release date was announced before the holidays — you’re giddy with excitement. All your shiny new toys have plastic factory screen protectors that you’ll soon discard, but no matter — you just can’t help but slide and swipe your fingers across your screens.

Those protectors had some merit when it came to keeping your shiny new screen clean. Over time and with use, grease and dust will accumulate and smudge across your screen. The screens of yesteryears were made of glass and could be easily cleaned with water or other household products. Today, device screen are likely LCD or Plasma and require more care than older CRT monitors did.

Relax though, no need to worry. There are ways to keep your screens looking shiny and new, like it just came out of the box.

Click through the gallery above for some tips and helpful products to keep your devices spic and span. Let us know your secret techniques for clean screens in the comments.

Image courtesy of Flickr, SJL

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Kate Winslet Marries in Secret

By Mike Fleeman

12/26/2012 at 09:10 PM EST

Talk about a Titanic secret.

Kate Winslet has tied the knot with Richard Branson's nephew, Ned Rocknroll, her rep tells PEOPLE.

"I can confirm that Kate Winslet married Ned Rock'nRoll in NY earlier this month in a private ceremony attended by her two children and a very few friends and family," the rep says. "The couple had been engaged since the summer."

According to British media reports, Leonardo DiCaprio gave away the bride in a ceremony so secret that the bride and groom's parents didn't know about it.

The Oscar-, Golden Globe- and Emmy-winning actress, 37, has been dating Rocknroll, 34, (his legal name) since fall of 2011.

In August 2011, she and Rocknroll were on the same Caribbean island owned by Branson when a fire broke out and Winslet rescued Branson's 90-year-old mother.

Winslet previously was married to Sam Mendes and Jim Threapleton.

• Reporting by JULIE JORDAN

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Asian shares up with eye on "fiscal cliff"; yen slips more

TOKYO (Reuters) - Asian shares rose on Thursday amid caution about the chances of U.S. lawmakers striking a deal to avoid a fiscal crunch by December 31, while the yen hit a 21-month low against the dollar on the prospect of drastic monetary easing and massive state spending.

In a sign that there may be a way to break the deadlock in Congress, Republican House of Representatives Speaker John Boehner urged the Democrat-controlled Senate to act to pull back from the cliff, and offered to at least consider any bill the upper chamber produced.

U.S. President Barack Obama will try to revive budget crisis talks which stalled last week when he returns to Washington on Thursday after cutting short his Christmas holiday in Hawaii.

Economists warn that the "fiscal cliff" of higher taxes and spending cuts worth $600 billion in the world's largest economy could hurl it into recession, dragging other economies with it.

Such concerns pushed up a gauge of investor anxiety, the CBOE Volatility Index <.vix>, to 19.48, its highest close since late July, also underpinning the dollar as the fiscal impasse continues to sap investor appetite for risky assets, raising the dollar's safe-haven appeal.

"The consequences of (U.S. lawmakers) not coming to some arrangement are very, very harsh and I think it's all politicking at the moment and we'll see some resolution," said Winston Sammut, investment director, Maxim Asset Management.

There were some signs of economic improvement in the Asian region, with data showing profits earned by China's industrial companies jumped 22.8 percent in November from a year earlier, accelerating from October's 20.5 percent.

MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> was up 0.3 percent, with Australian shares <.axjo> adding 0.3 percent and Hong Kong shares <.hsi> adding 0.4 percent, though Shanghai <.ssec> and Seoul <.ks11> shares were down.

U.S. stocks fell slightly in thin volume, and European markets were shut for the Christmas holiday.

London copper rose 1.7 percent to a one-week high of $7,932 a tonne on the positive data from the world's top copper buyer China.

U.S. crude futures were down 0.2 percent at $90.80 a barrel, after rising overnight to the highest in more than nine weeks on hopes that renewed talks will prevent a U.S. fiscal crisis. Brent crude eased 0.2 percent to $110.83.

BOLD IN JAPAN

Against the yen, the dollar at 85.84 yen reached its highest since September 2010, with investors accelerating their yen sales after new Japanese Prime Minister Shinzo Abe said his government will pursue bold monetary policy, flexible fiscal policy and a growth strategy to encourage private investment.

Abe has pledged to make his top priority beating deflation and taming the strong yen, which are dragging down the world's third biggest economy.

The yen is on track for a drop of over 10 percent this year, its steepest since 2005. The yen also fell to a 16-month low against the euro at 113.58 yen on EBS on Wednesday.

The weaker yen, a boon for Japanese exporters, lifted the benchmark Nikkei stock average <.n225> up 1.4 percent to its highest since March 2011. It is on track to log its best yearly gain since 2005. <.t/>

"People are putting on some positions based on what we saw after the cabinet appointment and LDP policy decision," a dealer at a foreign brokerage said, referring to the ruling party.

The yen is expected to stay under pressure given the new Japanese government's clear resolve to prevent it rising.

Japan's top government spokesman said on Thursday that recent yen declines were a reversal of past "one-sided" gains in the Japanese currency.

"I'm still bullish on the dollar/yen quite a bit," said a trader for a U.S. bank in Singapore. "In this thin market, I think anything can happen. But definitely I wouldn't go against the trend. The trend is quite clear at this point in time."

New Japanese Finance Minister Taro Aso said on Thursday the prime minister has ordered him to compile a stimulus package without adhering to the previous government's 44 trillion yen (519 billion) cap on new bond issuance.

The benchmark 10-year Japanese government bond yield added 1 basis point to 0.795 percent, its highest since October 18. The lead 10-year JGB futures eased to 143.54, just one tick above its session low, which was its lowest level since September 18.

(Additional reporting by Dominic Lau, Miranda Maxwell in Melbourne and Masayuki Kitano in Singapore; Editing by Daniel Magnowski)

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