Yahoo quarterly profit beats, Street awaits Mayer plan 5:26pm EDT

SAN FRANCISCO - Yahoo Inc's quarterly earnings beat expectations, but Wall Street remains keen to hear new CEO Marissa Mayer outline her plan for reviving the struggling Web company's revenue growth.

The dome of the U.S. Capitol is seen in Washington September 25, 2012. REUTERS/Kevin Lamarque

Some in Congress eye fiscal cliff 'fallback'

WASHINGTON - An idea percolating in the Congress, aimed at helping avoid the "fiscal cliff," would scrap the steep spending cuts of $109 billion and replace them with more targeted savings of about $55 billion, according to aides familiar with the discussions.  Full Article 

Two cans of Monster Energy drink are pictured in this photo-illustration shot in Los Angeles October 22, 2012 . Reuters/Fred Prouser

FDA probes Monster after death lawsuit

The Food and Drug Administration said that it was investigating reports of five deaths that may be associated with Monster Beverage's energy drink, and the company's shares fell more than 14 percent.  Full Article 

An Italian military policeman walks on debris past destroyed buildings after an earthquake in downtown Aquila, in this April 6, 2009 file photo. REUTERS/Alessandro Bianchi/Files

Italian scientists convicted over quake warning

L'AQUILA, Italy - A court sentenced six scientists and a government official to six years in prison for manslaughter for failing to give adequate warning of an earthquake that killed more than 300 people in the central Italian city of L'Aquila in 2009.  Full Article 

Weeds grow around empty buildings still standing from Youngstown, Ohio's industrial past November 22, 2009. REUTERS/Brian Snyder

Is Ohio's "secret" energy boom going bust?

NEW YORK - Over a year after Chesapeake CEO Aubrey McClendon declared the Utica shale formation to be "the biggest thing to hit Ohio since the plow," investors and landowners are still in the dark over the country's most eagerly anticipated drilling campaign.  Full Article 

Former Goldman Sachs Group Vice President Greg Smith poses for a portrait after an interview to discuss his book "Why I Left Goldman Sachs" in New York, October 22, 2012. REUTERS/Lucas Jackson

Goldman book is not an expose: author

JOHANNESBURG - Greg Smith, the former Goldman Sachs vice president who publicly accused the bank of taking advantage of unsuspecting clients, said he never intended his book to be an expose of practices at the Wall Street firm.  Full Article 

A man sits on a bench next to a banner that reads "Health is bleeding" outside the Evangelismos General Hospital in Athens October 16, 2012. REUTERS/Yorgos Karahalis

In vulnerable Greece, mosquitoes bite back

ATHENS - Just when it seems things couldn't get any worse for Greece, the indebted country has a new threat to deal with: mosquito-borne diseases. And with a collapsing Greek health system, the mosquitoes are biting back.  Full Article 

Stage set for final presidential debate

Oct. 22 - U.S. President Barack Obama and Republican presidential nominee Mitt Romney prepare to debate foreign policy issues. Deborah Lutterbeck reports.

Stephen R. Weissman

Obama, Romney missing the point on Libya

Both nominees fail to see that the U.S. and its allies went beyond their declared objective in Libya of protecting civilian areas under threat of attack to promoting rapid and violent regime change. This left the country in the hands of a fledgling rebel political leadership.  Commentary 

Zachary Karabell

Use plutocracy to broaden our economic debate

The rise of the plutocrats is a challenge with no evidently effective response. But rather than depressing, that fact could be liberating. Leave the plutocrats to the playgrounds and the rest of society can attend to the construction of a viable future.   Commentary 

Felix Salmon

Owning a magazine versus a digital startup

Simon Dumenco has a question: would you rather own a magazine, or a digital startup? As a long-term investment, I’d be worried about owning a magazine, no matter how profitable it is today. But with short-term cashflow, it’s no contest.   Commentary 

James K. Galbraith and J. Travis Hale

The rich, the poor, and the presidency

Can a state's political allegiance be predicted by whether the rich and poor live near one another? Yes, and as income inequality increases, that's bad news for Republicans, not Democrats.  Commentary 

Hugo Dixon

Europe doesn't need a "Disziplin union"

European leaders have nudged forward plans for a fiscal union with discipline as its leitmotif. But such a union is neither desirable nor necessary. It may not be politically feasible either.  Commentary 

Reihan Salam

Are we having the wrong marriage debate?

Same-sex marriage isn't the only marriage issue we face. The share of poor and middle-income American adults actually living in stable marriages has been hitting new lows.  Commentary 

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