As Opposition Coalition Meets in Cairo, More Violence Kills Dozens in Syria


Francisco Leong/Agence France-Presse — Getty Images


Rebels celebrated on top of a downed Syrian jet in Daret Azzeh, 20 miles west of Aleppo, on Wednesday.







In its first major effort to show that it can be a viable political force, the newly formed Syrian opposition coalition started talks in Egypt on Wednesday aimed at forming an alternative to the government of President Bashar al-Assad and paving the way for more international acceptance and aid.




The coalition, whose official name is the National Coalition of Syrian Revolutionary and Opposition Forces, was formed at a meeting in Qatar this month and has been recognized by Britain, France, Turkey and the Gulf Cooperation Council. To win further support from foreign capitals, it must tackle the broader problems of uniting the many opposition groups in exile and the rebels on the ground in Syria.


Delegates were expected to hold their second day of talks in a Cairo hotel on Thursday against the backdrop of a 20-month civil war in which about 40,000 people have been killed in clashes between armed rebels and jihadist fighters on one side and Mr. Assad’s forces on the other. The rebels appear to be gaining in their strategy to challenge the air supremacy of Mr. Assad’s military.


There were reports on Wednesday that for the second successive day, insurgents had shot down a government aircraft. Video posted on the Internet by rebels showed an airplane tail assembly jutting out of debris. Such videos are difficult to verify, but the episode on Wednesday seemed to be confirmed by other witnesses.


“We watched a Syrian plane being shot down as it was flying low to drop bombs” on the town of Daret Azzeh, 20 miles west of Aleppo and close to the Turkish border, said Ugur Cuneydioglu, who said he saw the aircraft being downed from a Turkish border village in southern Hatay Province. “It slowly went down in flames before it hit the ground. It was quite a scene,” Mr. Cuneydioglu said.


The video said the plane had been brought down by “the free men of Daret Azzeh soldiers of God brigade.”


On Tuesday, Syrian rebels said they shot down a military helicopter with a surface-to-air missile outside Aleppo.


The violence on Wednesday also included car bombs in a Damascus suburb that killed dozens of people.


In their first meeting since their umbrella organization was created in Doha, Qatar, on Nov. 11, coalition delegates confronted the realities of the political terrain. Disagreements emerged over the coalition’s composition when one member, the Syrian National Council, tried to increase the number of its representatives.


“Nothing will proceed until we work this out,” said one council member who spoke on condition of anonymity, according to Reuters.


The focus also seemed to be more on deciding how leadership candidates should be chosen rather than on who they might be. “I don’t think we’ll be discussing the election of a transitional government during the meeting today,” said Khaled Khoja, a coalition member. “We’re still discussing whether to have a government or to have committees instead.”


While the group, and the talks, are in their infancy, members appeared to recognize that world supporters were watching for results. Mr. Khoja said that while the group was discussing the coalition’s structure, it wanted to “see the outcome of the meeting in Morocco before deciding on the government.”


He was referring to a meeting planned for next month in Morocco of the so-called Friends of Syria group of nations, which includes the United States. At a meeting in New York City in September that included foreign ministers and Syrian opposition leaders, the group offered modest pledges of support for opponents of the Assad government. The opposition had unified under international pressure to give provinces better representation, and ideally, to oversee the disparate rebel factions while also providing a counterweight to the well-armed jihadist groups in the country.


The conflict has also flared along Syria’s borders with Lebanon, Israel, Turkey and Jordan.


In Turkey, which was once an ally of the Assad government, a team of NATO inspectors visited sites on Wednesday where the alliance might install batteries of Patriot antiaircraft missiles.


Another video on Wednesday showed a rebel fighter holding what appeared to be a complete SA-16 heat-seeking, shoulder-fired missile.


The man claimed to have shot down both the airplane and the helicopter, and said the missiles had been captured by rebels when they overran Base 46 outside Aleppo earlier this month.


High-profile tactical successes in the war have often been followed by videotaped claims of responsibility, and in part are seen as fund-raising opportunities for the fighters. Many claims, including those by the rebel fighters, are impossible to verify immediately.


But it was significant. The SA-16 is more modern and capable than the more commonly seen SA-7. It flies at a faster speed, can be used against aircraft at much wider range of attack angles, has a longer range and is promoted by its Russian exporters as being more resistant to an aircraft’s efforts to thwart it.


Its presence suggested that the rebels have been acquiring more weapons and could be mounting a more meaningful challenge to the Syrian Air Force.


State news media said on Wednesday that two car bombings struck Jaramana, a suburb of Damascus that is populated by members of the Christian and Druse minorities.


The SANA news agency said the death toll was at least 34. An activist group based in Britain, the Syrian Observatory for Human Rights, said 47 people were killed.


Christine Hauser reported from New York, and Hala Droubi from Dubai, United Arab Emirates. Reporting was contributed by Alan Cowell from London; Sebnem Arsu from Istanbul; Hania Mourtada from Beirut, Lebanon; and C. J. Chivers from the United States.



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Obama takes “fiscal cliff” battle to Twitter












WASHINGTON (Reuters) – President Barack Obama opened a new front on Wednesday in the battle between Democrats and Republicans over the best way to avoid the year-end “fiscal cliff” – Twitter.


The web-savvy Obama administration launched a social media campaign that asks Twitter users to add the “#my2k” hashtag to messages with examples of what $ 2,000 means to them.












The amount is roughly what a middle-class family of four would have to pay extra in taxes next year if Congress cannot strike a deal to remove the threat of roughly $ 600 billion in tax hikes and federal spending cuts.


The fast-paced social networking site known for its zippy 140-character comments is a tried-and-true method of reaching Americans. The latest call for such searchable references is an effort to pressure Congress into finding compromise on long-held partisan views.


Obama announced the new Twitter hashtag campaign at a news conference on Wednesday. He and fellow Democrats, who oppose significant cuts to U.S. “entitlement” programs such as Medicare as a way of balancing the budget, have been trying to break Republican opposition to hiking taxes on anyone, including the wealthy.


Promotions of “#my2k” quickly went out to millions of followers of the White House Twitter account and scores of Democratic backers, including former House of Representatives Speaker Nancy Pelosi. Soon, “my2k” was a top-trending subject.


“#My2K means food for a year, the remainder of my student loan paid off or a full month of child care. $ 2200 can make or break a family,” wrote Twitter user Katrina Burchett.


In the anarchic spirit of social media, Republicans, who also polished their Twitter hashtag skills during the bitter 2012 presidential campaign, pounced quickly.


The conservative Heritage Foundation bought the promotional tweet that pops up at the top of the list if one searches for “#my2k” mentions, where the think tank offered its own take on solutions to the fiscal cliff.


House Speaker John Boehner and scores of fellow Republican lawmakers started sharing examples they hoped would put the blame for the lack of a resolution on the Democrats.


“We in the House took steps this summer to avert #fiscalcliff and stop #my2K tax hikes,” wrote Representative Mike Turner. “It’s time for @whitehouse and @SenateDems to act.”


‘BEING AWARE OF WHAT’S GOING ON’


Users on Twitter can sign up to follow one another’s messages, making searchable hashtags a helpful way to sort by subject or theme.


Marcus Messner, who studies social media at Virginia Commonwealth University, said Twitter was a perfect environment to reignite Obama’s base swiftly and gauge public engagement on the issue.


The Obama administration has used Twitter hashtags as part of lobbying campaigns to keep student loan rates low with #dontdoublemyrate and to extend payroll tax cuts with #40dollars, which was their estimate of how much the cuts saved an average family each year.


White House Social Media Director Macon Phillips later called the $ 40dollars hashtag “one of the most significant campaigns we ran on Twitter.”


“It’s about being aware of what’s going on and understanding that in the age of social media, you’re just a participant,” he told an Entrepreneur.com blogger in February. “It’s not something that you can control.”


(Editing by Peter Cooney)


Internet News Headlines – Yahoo! News


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Angus T. Jones Apologizes after Bashing Two and a Half Men















11/27/2012 at 08:50 PM EST



It's been a strange couple of days for Angus T. Jones.

One day after a video of the Two and a Half Men actor calling his show "filth" and urging viewers to stop watching went viral, Jones, 19, issued an apology.

"Without qualification, I am grateful to and have the highest regard and respect for all of the wonderful people on Two and a Half Men whom I have worked and over the past ten years who have become an extension of my family," Jones said in a statement Tuesday night.

"Chuck Lorre, Peter Roth and many others at Warner Bros. and CBS are responsible for what has been one of the most significant experiences in my life to date," he continues in the statement.

He adds: "I thank them for the opportunity they have given and continue to give me and the help and guidance I have and expect to continue to receive from them."

In his video interview on a religious website, Jones proclaims: "I'm on Two and a Half Men and I don't want to be on it. Please stop watching it … I'm not okay with what I'm learning [about] what the Bible says and being on that television show. You go all or nothing."

In Tuesday's statement, Jones thanks the cast and crew for their "support, guidance and love over the years. I grew up around them … I will never forget how much positive impact they have had on my life."

"I apologize if my remarks reflect me showing indifference to and disrespect of my colleagues and a lack of appreciation of the extraordinary opportunity of which I have been blessed," Jones concludes. "I never intended that."

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CDC: HIV spread high in young gay males

NEW YORK (AP) — Health officials say 1 in 5 new HIV infections occur in a tiny segment of the population — young men who are gay or bisexual.

The government on Tuesday released new numbers that spotlight how the spread of the AIDS virus is heavily concentrated in young males who have sex with other males. Only about a quarter of new infections in the 13-to-24 age group are from injecting drugs or heterosexual sex.

The Centers for Disease Control and Prevention said blacks represented more than half of new infections in youths. The estimates are based on 2010 figures.

Overall, new U.S. HIV infections have held steady at around 50,000 annually. About 12,000 are in teens and young adults, and most youth with HIV haven't been tested.

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Online:

CDC report: http://www.cdc.gov/vitalsigns

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Wall Street falls, hit by Reid's "fiscal cliff" comments

NEW YORK (Reuters) - Stocks slid on Tuesday in a choppy session, losing ground in the last hour before the close after Senate Majority Leader Harry Reid expressed disappointment that there has been "little progress" in dealing with the "fiscal cliff."


The market was flat for most of the session but fell sharply after Reid's comments, a signal that investors remain skittish about the wrangling in Washington. The CBOE Volatility Index, or VIX, rose on Reid's words.


"It may be that the market feels the goodwill before (last week's) Thanksgiving is evolving into more political intransigence," said Quincy Krosby, market strategist at Prudential Financial in Newark.


"The clock is ticking on Wall Street, regarding a framework for (political) consensus," she said.


Markets are focused on whether Congress and the White House can agree on ways to avoid some $600 billion in automatic spending cuts and tax increases that are due to kick in early next year.


As budget talks linger, Las Vegas Sands and Supertex added their names to a growing list of companies announcing special dividends aimed at helping investors avoid a possibly higher tax burden next year.


Higher dividend and capital gains taxes are part of the negotiations in Washington and may rise even if a deal is crafted.


Las Vegas Sands jumped 5.3 percent to $46.36. Supertex rose 6.9 percent to $18.


The S&P 500's modest losses on Tuesday marked its worst day in eight sessions - indicating traders are unwilling to sell aggressively as a deal probably would trigger a rally. The benchmark S&P 500 once again closed below 1,400, a key psychological level that it had reclaimed last week as it rose nearly 4 percent.


The VIX <.vix> shot up 2.7 percent to 15.92 at the close. Between 2 p.m. and 3 p.m. in New York, the VIX was up 3.9 percent.


The Dow Jones industrial average <.dji> fell 89.24 points, or 0.69 percent, to 12,878.13 at the close. The S&P 500 <.spx> dropped 7.35 points, or 0.52 percent, to finish at 1,398.94. The Nasdaq Composite <.ixic> lost 8.99 points, or 0.30 percent, to end at 2,967.79.


Dealings in Washington obscured strong economic figures, including an increase in planned business spending and consumer confidence hitting its highest level in more than four years.


Strengthening the case for a sustained rebound in housing, single-family home prices rose for an eighth straight month in September. Shares of M/I Homes gained 2.1 percent to $22.36. KB Home added 1.1 percent to $14.61.


"As long as you have interest rates as low as they are right now, housing is definitely back," said Brian Amidei, managing director at HighTower Advisors in Palm Desert, California.


In another good sign for consumer demand, Corning Inc shares rose 6.9 percent to $12.13 after the specialty glass maker said it expects full-year sales of its Gorilla glass, used in smartphones and tablets, to approach $1 billion.


Food maker Ralcorp Holdings shares jumped 26.4 percent to $88.80 after long-time suitor ConAgra Foods sealed a deal to buy it for $5 billion. ConAgra shares gained 4.7 percent to $29.63.


McMoRan Exploration Co shares tumbled 15.2 percent to $8.18 a day after the oil and gas driller gave a disappointing update on a key gas prospect in a Gulf of Mexico well.


About 5.9 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, below the daily average so far this year of about 6.5 billion shares.


On the NYSE, roughly five issues fell for every four that rose. On Nasdaq, six stocks fell for every five that rose.


(Reporting by Rodrigo Campos; Additional reporting by Caroline Valetkevitch; Editing by Jan Paschal)


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Protesters Gather Again in Cairo Streets to Denounce Morsi





CAIRO — Tens of thousands of people filled the central Tahrir Square on Tuesday afternoon in an outpouring of rage at President Mohamed Morsi’s attempt to claim expansive new powers and at the role in politics played by his party, the Muslim Brotherhood.




An attempt by Mr. Morsi on Monday to soften his edict, by reaffirming his deference to Egyptian courts, did little to constrain the crowd, which some estimates put at hundreds of thousands of people. In scenes that were reminiscent of the popular uprising against President Hosni Mubarak, and that signaled the country’s current widening divides, the protesters dusted off old taunts for Mr. Morsi, the country’s first freely elected leader.


“Leave,” they chanted. “The people want the fall of the regime.”


The president’s opponents turned out large numbers in several other cities, and clashed at times with his supporters, including in Mahalla el-Kubra in the Nile Delta, where more than a hundred people were reportedly injured. The Brotherhood also reported attacks on several of its political offices.


Most significant, though, was the turnout in Tahrir Square, where Egypt’s secular-minded opposition appeared to have momentarily overcome its divisions, bolstering its numbers with new allies among people implacably opposed to the Brotherhood, in an effort to muster a serious, visible challenge to Egypt’s Islamist groups.


It remained unclear whether Tuesday’s numbers signaled a new movement, or a moment. Islamists have repeatedly won at the polls since the fall of Mr. Mubarak, and the Brotherhood has shown its ability to turn out large crowds with little difficulty.


On Tuesday, the Brotherhood mocked the gathering in Tahrir Square, dismissing the protesters as “remnants” of the Mubarak government on a television channel associated with the group and playing down their numbers on Twitter.


The taunts were ignored in Tahrir Square, where the crowd chanted, “The square is full without the Brotherhood.”


The gathering was prompted by an edict released by Mr. Morsi last week that his decisions would be above judicial review, a move that essentially removed the last check on his power, since Egypt’s Parliament had earlier been dissolved by the courts.


Though Mr. Morsi framed the decree as an attempt to insulate Egypt’s constitutional assembly from being dissolved by Mubarak-era judges, it was quickly attacked as a power grab and a worrying return to autocracy. On Monday, through his spokesman, Mr. Morsi again tried to explain his intentions, saying he would work within judicial precedents to hold back efforts to dissolve the constituent assembly, rather than putting his power above judicial scrutiny.


Even as Mr. Morsi tried to placate the country’s judges, Egyptian television on Monday showed the growing polarization of the country in split-screen coverage of two funerals, each for a teenage boy killed in clashes set off by Mr. Morsi’s edict.


“Now blood has been spilled by political factions, so this is not going to go away,” said Rabab el-Mahdi, an activist and professor at the American University in Cairo, adding that these were the first deaths that rival factions had blamed on one another and not on the Mubarak government’s security forces since uprising began last year.


Despite Mr. Morsi’s attempts at clarification, opposition leaders went ahead with Tuesday’s protest. Some said that respect for the judiciary was now only a small part of their cause, and that their goal was to abort the current Islamist-dominated constituent assembly.


Many protesters treated the occasion as a referendum on Mr. Morsi’s rule, saying he and his prime minister had failed to make important changes, like reforming the Interior Ministry.


“I voted for Mr. Morsi,” said Emad Abdel Kawy, 35, a computer engineer. “It seems like he doesn’t know what he’s doing. You expect a revolution to bring revolutionary actions. It didn’t happen.” And like many here, Mr. Abdel Kawy blamed the Brotherhood, which Mr. Morsi helped lead before becoming president.


“It’s clear he doesn’t make the decisions,” he said of Mr. Morsi. “The decisions come to him.”


The gathering brought together the revolution’s hardened activists with their former foes, including supporters of the Mubarak government. Some said that the strange new alliances were just a necessary result of Egypt’s confusing, emerging politics. Yosra Mostafa, a 28-year-old activist, said she realized that some of Mr. Mubarak’s supporters had turned out simply because they sought a return to power.


“I don’t mind being on their side to oust a dictator,” she said, speaking of Mr. Morsi.


The show of unity masked deep divisions between the opposition and other groups and even in them, Ms. Mahdi said.


“This is not a united front, and I am inside it,” she said. “Every single political group in the country is now divided over this. Is the decree revolutionary justice or building a new dictatorship? Should we align ourselves with felool” — the term for the remnants of the old government — “or should we be revolutionary purists?”


Yasser el-Shimy, an Egypt analyst at the International Crisis Group, argued that the persistence of protests against Mr. Morsi reflected in part the failure of the opposition to accept its own recent election defeats, including of the parliamentary and presidential elections.


“It has never come to terms with these defeats, so it tries to delegitimize the Muslim Brotherhood,” he said.


Mayy El Sheikh and Mai Ayyad contributed reporting.



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Nintendo Unveils Wii Mini for the Canucks












Nintendo‘s pushing the new $ 299 Wii U console hard (and has already sold 400K units in the process), but in at least one region, the gaming company has a new back-up plan: The $ 99 Nintendo Wii Mini.


[More from Mashable: Wii U Sells 400,000 Units in First Week]












The new smaller, black box with red trim is a simpler game console. It offers no Internet access and cannot play older GameCube console games. What it does do is play virtually all Wii games (Nintendo says there are around 1,300 of them). The other major caveat is that the console is only available in Canada. According to a Nintendo press release on the new system, “Wii Mini is available exclusively in Canada during the holiday season. No information is available about its potential availability in other territories in the future.”


Nintendo also left out some details on the console itself. We do not know the exact size or weight of the box, though judging from the above image, it’s not much wider than a Wii Remote.


[More from Mashable: Meet the Super Fan Who Waited in Line for a Month for a Wii U [VIDEO]]


As Nintendo describes it, the Wii Mini is “all about games,” and without the Internet, it has to be. No Web browsing, cavorting with other Mii’s or multi-player gaming. It’s also worth noting that while the Wii Mini ships with a single Wii Remote Plus and Nunchuk (both red), a brand new Black Wii with Wii Sports and Wii Sports Resort (including Remote and Nunchuk) is currently $ 119 at Best Buy.


What do you think of the Wii Mini? Would you game without the Internet? Is this the perfect gift for young, Canadian children? Let us know in the comments.


GamePad


The Wii U GamePad has a 6.2-inch touchscreen.


Click here to view this gallery.


This story originally published on Mashable here.


Gaming News Headlines – Yahoo! News


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Gabriel Aubry: Olivier Martinez Threatened to Kill Me















11/26/2012 at 08:25 PM EST







Olivier Martinez and Gabriel Aubry with Halle Berry


Getty (3)


Gabriel Aubry has come back swinging – this time in court papers.

Halle Berry's ex alleges that it was her fiancé Olivier Martinez who started their Thanksgiving Day fight, unleashing profanities and threats as well as fists.

Aubry claims that during their scrape Gabriel said, "You cost us $3 million. When you see the judge, you're going to tell him you're going to Paris or I'm going to kill you."

Aubry has been tangling in court with Berry over her request to move with their 4½-year-old daughter Nahla to France, where Martinez is a citizen. The judge recently ruled against Berry.

The allegations are contained in Aubry's application for a restraining order against Martinez, which the court granted. Attached to his application were gruesome photos of Aubry's injuries, including a black eye and cuts and bruises to his face.

Martinez has not commented. Aubry's account is disputed by a source close to Berry.

"This incident arose as a result of a fight initiated by Mr. Aubry when Nahla was delivered for Thanksgiving and Mr. Martinez attempted to have a discussion with him," the source tells PEOPLE.

Aubry, himself, faces an emergency restraining order to stay 100 yards away from Martinez, Berry and Nahla.

Aubry alleges in his court papers that as he drove up to Berry's house with Nahla in the backseat, he saw Martinez and thought it was odd since Martinez is not usually at the house during custodial hand-offs.

Aubry claims Nahla said, "Olivier is here. I'm scared."

After handing off Nahla to somebody named Miriam, who took the child indoors, Martinez appeared and told Aubry, "We need to talk," Aubry alleges.

"All of a sudden, Mr. Martinez jumped me on the side of my body, and punched me such that he had taken me down to the ground," Aubry alleges. "He continued to punch me at least two or three times, kicked me in the ribs with his knee or foot, and took my head in his hands and slammed it to the concrete driveway. It all happened so fast and so suddenly; I did not see Mr. Martinez's actions coming, and thus, I was not ready for it and was not able to defend myself."

As Martinez allegedly threatened to kill Aubry, Martinez also said, "From now on you're going to do drop offs on the street. I'm not just some f––ing actor, you don't know me," Aubry claims in the court papers.

Police officers arrived and arrested and handcuffed Aubry after Martinez told them that Aubry had attacked him several times, Aubry claims. (Martinez also was treated at the hospital for hand and neck injuries).

Aubry told the officers that the incident could have been captured on Berry's security cameras and that they should obtain the tapes before they're erased.

Aubry says he was kept in handcuffs while being transported to the hospital.

"I was handcuffed to the bed while I was being examined and treated, and was not allowed to make a phone call," he says in a declaration. "I ended up suffering a fractured rib, multiple bruises on my face and my forehead, an area under my left eye, and three areas in my mouth required stitches."

Reporting by KEN LEE

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Bounce houses a party hit but kids' injuries soar

CHICAGO (AP) — They may be a big hit at kids' birthday parties, but inflatable bounce houses can be dangerous, with the number of injuries soaring in recent years, a nationwide study found.

Kids often crowd into bounce houses, and jumping up and down can send other children flying into the air, too.

The numbers suggest 30 U.S. children a day are treated in emergency rooms for broken bones, sprains, cuts and concussions from bounce house accidents. Most involve children falling inside or out of the inflated playthings, and many children get hurt when they collide with other bouncing kids.

The number of children aged 17 and younger who got emergency-room treatment for bounce house injuries has climbed along with the popularity of bounce houses — from fewer than 1,000 in 1995 to nearly 11,000 in 2010. That's a 15-fold increase, and a doubling just since 2008.

"I was surprised by the number, especially by the rapid increase in the number of injuries," said lead author Dr. Gary Smith, director of the Center for Injury Research and Policy at Nationwide Children's Hospital in Columbus, Ohio.

Amusement parks and fairs have bounce houses, and the playthings can also be rented or purchased for home use.

Smith and colleagues analyzed national surveillance data on ER treatment for nonfatal injuries linked with bounce houses, maintained by the U.S. Consumer Product Safety Commission. Their study was published online Monday in the journal Pediatrics.

Only about 3 percent of children were hospitalized, mostly for broken bones.

More than one-third of the injuries were in children aged 5 and younger. The safety commission recommends against letting children younger than 6 use full-size trampolines, and Smith said barring kids that young from even smaller, home-use bounce houses would make sense.

"There is no evidence that the size or location of an inflatable bouncer affects the injury risk," he said.

Other recommendations, often listed in manufacturers' instruction pamphlets, include not overloading bounce houses with too many kids and not allowing young children to bounce with much older, heavier kids or adults, said Laura Woodburn, a spokeswoman for the National Association of Amusement Ride Safety Officials.

The study didn't include deaths, but some accidents are fatal. Separate data from the product safety commission show four bounce house deaths from 2003 to 2007, all involving children striking their heads on a hard surface.

Several nonfatal accidents occurred last year when bounce houses collapsed or were lifted by high winds.

A group that issues voluntary industry standards says bounce houses should be supervised by trained operators and recommends that bouncers be prohibited from doing flips and purposefully colliding with others, the study authors noted.

Bounce house injuries are similar to those linked with trampolines, and the American Academy of Pediatrics has recommended against using trampolines at home. Policymakers should consider whether bounce houses warrant similar precautions, the authors said.

___

Online:

Pediatrics: http://www.pediatrics.org

Trade group: http://www.naarso.com

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AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner

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Wall Street edges down after recent rally; retailers weigh

NEW YORK (Reuters) - Wall Street slipped on Monday, pulling back from last week's gains, as retailers fell on concerns about heavy discounts at the start of the U.S. holiday shopping season and the overhang of the "fiscal cliff" kept investors wary of making big bets.


The Nasdaq outperformed to close higher, led by gains in eBay and as Apple continued its bounce back.


The Standard & Poor's 500 cut most of its losses during the session and managed to stay above the psychologically important 1,400 level. It also remained above the 200-day moving average, maintaining its long-term uptrend.


The S&P 500 consumer discretionary index <.gspd> fell 0.5 percent after the start of the holiday shopping season over the four-day Thanksgiving weekend. Target , one of the largest retailers by market value, fell 2.6 percent.


"The concern is big retailers are discounting so much, sales look better, but at what cost?" said Angel Mata, managing director of listed equity trading at Stifel Nicolaus Capital Markets in Baltimore.


Bucking the retail trend, shares of eBay closed at their highest in almost eight years, rising 4.9 percent to $51.40, as the online marketplace notched strong sales on "Cyber Monday." Amazon gained 1.6 percent to $243.62.


The White House threw cold water on a proposal of avoiding the looming "fiscal cliff" of spending cuts and tax highs by limiting tax deductions and loopholes, instead of allowing tax rates to rise for the richest Americans.


Investors are hoping for advances in talks over the $600 billion in spending cuts and tax hikes scheduled to begin next year, which threaten to drag the U.S. economy back into recession.


Indications of progress in talks, or just political willingness to negotiate, contributed to the market's recent rally. Major indexes last week gained 3 to 4 percent, with the Dow above 13,000 and the S&P above 1,400 for the first time since November 6.


Those gains represented a turnaround from recent losses founded on worries about Washington's ability to solve budgetary problems.


The Dow Jones industrial average <.dji> fell 42.31 points, or 0.33 percent, to 12,967.37. The S&P 500 <.spx> dropped 2.86 points, or 0.20 percent, to 1,406.29. The Nasdaq Composite <.ixic> gained 9.93 points, or 0.33 percent, to 2,976.78.


About 5.2 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, below the daily average so far this year of about 6.49 billion shares.


On the NYSE, roughly 13 issues fell for every 10 that rose, and on Nasdaq nearly six rose for every five that fell.


In the other major worry for the market, euro zone finance ministers and the International Monetary Fund made their third attempt in as many weeks to agree on releasing emergency aid for Greece, with policymakers saying a write-down of Greek debt is off the table for now.


"There's no catalyst to continue the rally we saw last week, though Greece would have been important if we weren't dealing with the fiscal cliff," Stifel Nicolaus' Mata said.


Shares of Knight Capital Group Inc jumped 13.3 percent to $2.82 following reports that rivals might be preparing to bid for part or all of the trading firm.


Apple Inc has asked a federal court to add six more products to its patent infringement lawsuit against Samsung Electronics , including the Samsung Galaxy Note II, in the latest move in an ongoing legal war between the two companies. Apple shares were up 3.2 percent at $589.53.


(Reporting by Rodrigo Campos; Editing by Leslie Adler)


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