Consumer inflation unchanged in November

By Reuters

U.S. consumer prices were flat in November as Americans paid less for cars and gasoline, while the 12-month inflation reading fell for the second straight month, which could give the Federal Reserve more room to help a still-weak economy.

The Labor Department said on Friday the Consumer Price Index was unchanged last month. Economists had expected an increase of 0.1 percent after a drop of 0.1 percent in October.

Prices rose 3.4 percent in the 12 months through November.

That is off from the 3-year high of 3.9 percent clocked in September, and Friday's report backs the view that the spike in inflation is subsiding.

Economists and investors see inflation cooling over the coming months, which could help convince the Federal Reserve to do more to bring down the country's 8.6 percent unemployment rate.

Earlier in the week, the Fed warned that turmoil in Europe presents a big risk to the U.S. economy, and policymakers left the door open to possible further steps to boost growth.

Fed officials are divided among those who think high unemployment and sluggish growth require more action and those who view the central bank's already-aggressive efforts as bordering dangerously on an invitation to inflation.

Most economists have said the Fed's next meeting on Jan. 24-25 would be the more likely occasion for any new moves to add to the U.S. central bank's already extraordinary push to bring down borrowing costs and help growth.

Food prices rose 0.1 percent, while gasoline fell 2.4 percent.

Outside food and energy, prices climbed 0.2 percent in November.

In a sign that could give pause to policymakers still concerned about inflation, core prices rose 2.2 percent in the 12 months through November, up from 2.1 percent in October.

The U.S. central bank has held overnight interest rates near zero since December 2008 and has bought $2.3 trillion in government and mortgage-related bonds in a further attempt to stimulate a robust recovery.??

Source: http://bottomline.msnbc.msn.com/_news/2011/12/16/9492693-consumer-inflation-unchanged-in-november

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Rite Aid 3Q loss narrows as sales climb (AP)

Rite Aid Corp. says its third quarter loss narrowed, as sales at stores open at least a year improved and the drugstore operator more than doubled the number of flu shots delivered.

The third-largest U.S. drugstore chain says it lost $54.5 million, or 6 cents per share, after paying preferred dividends in the latest quarter. That compares to a loss of $81.5 million, or 9 cents per share, a year ago.

Revenue climbed nearly 2 percent to $6.31 billion.

Analysts were expecting a loss of 12 cents per share on $6.29 billion in revenue.

The Camp Hill, Pa., company says sales at stores open at least a year climbed 2 percent, driven by an increase in pharmacy business.

Rite Aid had 4,679 stores as of Nov. 26, down 62 from a year ago.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ap/20111215/ap_on_bi_ge/us_earns_rite_aid

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Sat, 12/3: History Book Club - "Salvaging the Real Florida: Lost and Found in the State of Dreams" (Orange County Regional...)

Meet award-winning author and filmmaker Belleville as he discusses his latest book, "Salvaging the Real Florida: Lost and Found in the State of Dreams." Call to reserve space.

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Theicebreak For iPhone Wants To Make Your Already Great Relationship More Awesome

In the same space as BeCouply and Tokii, social "network" for couples theicebreak is now available on the iPhone -- for those that want to stay hyper-connected their SOs via mobile. Upon opening theicebreak gives you two options: First is the option to answer an "icebreaker" or a question related to your partner, your relationship or your personality -- like, "What are the best words to hear from your partner?" or "What's your favorite thing to do when the weather gets cold?" You also have the option to "capture today's moment," or share a picture of something you saw during the day that "amazed you."

Source: http://feedproxy.google.com/~r/Techcrunch/~3/akYPxHnsRqQ/

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FAMU president postpones work of hazing task force

TALLAHASSEE, Fla. (AP) ? Florida A&M University's president says a university task force he appointed last month after the death of a marching band member won't start its work until other agencies conduct their own investigations.

James H. Ammons said in a news release sent early Friday that the work of the task force was being postponed so the school could fully cooperate with investigations by the Florida Board of Governors, Orange County Sheriff's Office and Florida Department of Law Enforcement. The task force had been scheduled to meet Monday.

Robert Champion was found unresponsive on Nov. 19 on a bus parked outside an Orlando hotel after a school football game. His death has sparked a criminal investigation as well as a probe into whether FAMU has ignored past warnings about hazing.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2011-12-02-FAMU%20Death-Task%20Force/id-b7718322c0654815a2bf3ddb015c037d

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Shopycat Recommends Gifts for Your Facebook Friends [Gift Ideas]

Finding the right gift isn't always easy, but new Facebook app Shopycat can take advantage of what your friends say they like and offer up suggestions for what to buy. It's like your little elf assistant on Facebook.

Whether you're a big Facebook user or not, the app is pretty handy because of the personalized gift recommendations based on stuff your Facebook friends "like," their status updates, and interests in their profiles. Shopycat matches those interests and likes with product catalogs from Wal-Mart (the app was developed by the big box retailer), Barnes & Noble, RedEnvelope, and other retailers.

Shopycat thought Jason Chen would like a poker video game (since he likes both poker and games), Adam Pash a laptop sleeve (because it's practical yet slick), and Whitson would like a Snuggie with a tattoo design (I seriously hope that is a Shopycat joke). I'll have to check back with them later to see if those are good gifts. For me, the app recommended the Lifehacker: The Guide to Working Smarter, Faster, and Better book. Very astute.

Shopycat | via VentureBeat

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You can follow or contact Melanie Pinola, the author of this post, on Twitter or Google+.

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/qUKKEInT6v4/shopycat-recommends-gifts-for-your-facebook-friends

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Indian shops protest entry of foreign retail (AP)

NEW DELHI ? Shops around India closed their doors Thursday in a strike called to protest a new policy to allow big-box retailers into the country.

Opposition lawmakers again forced Parliament to adjourn, demanding the government immediately rescind last week's decision.

Hundreds of traders marching in New Delhi burned Prime Minister Manmohan Singh in effigy and waved signs calling for the rollback of the policy. One sign showed foreign investment as a raging dinosaur.

The strike called by the Confederation of All India Traders was only partially observed in New Delhi, Mumbai and other cities, with many shops still open and others only closing for a few hours.

The Cabinet decided it would allow foreign retailers to own up to 51 percent of supermarkets and 100 percent of single-brand stores and set up shops in major cities.

The government says the foreign retailers will help build up infrastructure, reduce the amount of food that spoils and lower prices for consumers hit by high food inflation. Shopowners fear the entry of companies such as Wal-Mart and Tesco will crush local mom-and-pop stores and eliminate millions of jobs.

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20111201/ap_on_re_as/as_india_retail_backlash

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