Wealth Matters: Advisers Caution Against Hasty Decisions in Advance of Tax Changes

WITH all the ominous talk of tax increases and a “fiscal cliff” if President Obama and Congressional leaders can’t agree on a plan to avert automatic tax increases on Dec. 31, some investors may be tempted to act soon to take advantage of the current tax rates. But financial advisers say that in their rush to doing something this year, investors may end up with regrets. “Any time you...

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Stars honor Veloso as Latin Grammys person of year

LAS VEGAS (AP) — Juanes, Juan Luis Guerra, Nelly Furtado and Natalie Cole are among the artists who celebrated Brazilian musician Caetano Veloso at a ceremony honoring him as the Latin Recording Academy's Person of the Year.Veloso's influence as a composer and activist also was the subject of a video featuring Sting and Spanish filmmaker Pedro Almodovar that was shown at the tribute Wednesday at the...

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Hospital Death in Ireland Renews Fight Over Abortion

DUBLIN — The death of a woman who was reportedly denied a potentially lifesaving abortion even while she was having a miscarriage has revived debate over Ireland’s almost total ban on abortions. The woman, Savita Halappanavar, 31, a dentist who lived near Galway, was 17 weeks pregnant when she sought treatment at University Hospital Galway on Oct. 21, complaining of severe back pain. ...

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BP to Admit Crimes and Pay $4.5 Billion in Gulf Settlement

BP, the British oil company, said Thursday that it would pay $4.5 billion in fines and other payments to the government and plead guilty to 14 criminal charges in connection with the giant oil spill in the Gulf of Mexico two years ago. US Coast Guard, via Associated PressThe explosion on the Deepwater Horizon drilling rig in the Gulf of Mexico that was connected to a well owned by BP...

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Israelis Kill Hamas Military Commander in Gaza

ReutersPalestinians extinguished a fire after an Israeli airstrike on a car carrying Ahmed al-Jabari, who ran Hamas's military wing, on Wednesday in Gaza City. GAZA — The Israeli military carried out multiple airstrikes in Gaza on Wednesday and blew up a car carrying the commander of the Hamas military wing, making him the most senior official of the group to be killed by the Israelis since their...

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Bon Jovi daughter recovering after heroin OD in NY

HAMILTON, N.Y. (AP) — Authorities say Jon Bon Jovi's 19-year-old daughter is hospitalized after overdosing on heroin in a dorm at her upstate New York college.Town of Kirkland police say an ambulance was sent to Hamilton College early Wednesday morning after a report that a female had apparently overdosed on heroin.Investigator Peter Cania (KAYN'-yah) says Stephanie Bongiovi, of Red Bank, N.J., is...

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F.D.A. Asking for More Control Over Drug Compounding

WASHINGTON — The commissioner of the federal Food and Drug Administration will recommend changes in the regulatory landscape for compounding pharmacies, placing those that produce drugs on a large scale in a new category that would give the agency greater powers to police them. The commissioner, Dr. Margaret Hamburg, will tell the House Committee on Energy and Commerce during a hearing on...

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Samuel Adams Brewer Counsels Small Businesses

Gretchen Ertl for The New York TimesJim Koch, who started brewing Samuel Adams Boston Lager at his house in 1984, and Carlene O'Garro, who runs a cake business, participate in a program in which big businesses help small ones. Carlene O’Garro’s cake business was barely a month old when she arrived at the Samuel Adams brewery in South Boston recently to meet with business counselors, but she brought...

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Top U.S. Commander in Afghanistan Is Linked to Petraeus Scandal

PERTH, Australia — Gen. John Allen, the top American and NATO commander in Afghanistan, has become ensnared in the scandal over an extramarital affair acknowledged by David H. Petreaus, a former general. General Allen is being investigated for what a senior defense official said early Tuesday was “inappropriate communication” with Jill Kelley, the woman in Tampa, Fla., who was seen by General Petreaus’s...

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At Mao-style conclave, China embraces Twitter age

BEIJING (AP) — During China’s last party congress, the cadres in charge of the world’s most populous nation didn’t know a hashtag from a hyperlink. But five years on, there’s a new message from Beijing: The political transition will be microblogged.Party officials have this fall embraced social media with unprecedented enthusiasm, hoping it can help guide...

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