DealBook: Wells Fargo Profit Jumps 24% in Fourth Quarter, Driven by Mortgages

8:46 a.m. | Updated Wells Fargo on Friday reported $5.1 billion in profit for the fourth quarter, a 24 percent increase, driven by the bank’s lucrative mortgage business.Seizing on low-interest rates that have spurred a flurry of refinancing activity, the San Francisco-based bank again notched record profits. For the last 12 quarters, profits at the bank have increased.In this latest quarter, Wells...

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The New Old Age Blog: Taking a Zen Approach to Caregiving

You try to help your elderly father. Irritated and defensive, he snaps at you instead of going along with your suggestion. And you think “this is so unfair” and feel a rising tide of anger.How to handle situations like this, which arise often and create so much angst for caregivers?Jennifer Block finds the answer in what she calls “contemplative caregiving” — the application of Buddhist principles...

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The New Old Age Blog: Taking a Zen Approach to Caregiving

You try to help your elderly father. Irritated and defensive, he snaps at you instead of going along with your suggestion. And you think “this is so unfair” and feel a rising tide of anger.How to handle situations like this, which arise often and create so much angst for caregivers?Jennifer Block finds the answer in what she calls “contemplative caregiving” — the application of Buddhist principles...

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Visit by Google Chairman May Benefit North Korea

BEIJING — As a work of propaganda, the images that North Korea circulated this week showing Google’s executive chairman, Eric E. Schmidt, touring a high-tech incubation center are hard to beat. Adrian Bradshaw/European Pressphoto AgencyEric E. Schmidt, Google’s executive chairman, at left wearing a tie, and former Gov. Bill Richardson of New Mexico spoke to reporters in Beijing on Thursday...

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IHT Rendezvous: Top Pirate Quits as Tide Turns Against Somali Raiders

LONDON — A notorious Somali sea raider known as Big Mouth is a pirate with a retirement plan.He announced this week that he was quitting after an eight-year career in which he and his pirate crews plagued shipping in the Indian Ocean and raised millions of dollars in ransom.Big Mouth — Mohamed Abdi Hassan — was named in a United Nations report last year as one of the most notorious and influential...

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Obama’s Pick for Treasury Is Said to Be His Chief of Staff

WASHINGTON — With his choice of Jacob J. Lew to be the secretary of Treasury, President Obama on Thursday will complete the transformation of his economic team from the big-name economists and financial firefighters hired four years ago to budget negotiators ready for the next fiscal fights in Congress. If confirmed by the Senate, the 57-year-old Mr. Lew — Mr. Obama’s current chief of staff...

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Flu Widespread, Leading a Range of Winter’s Ills

It is not your imagination — more people you know are sick this winter, even people who have had flu shots. The country is in the grip of three emerging flu or flulike epidemics: an early start to the annual flu season with an unusually aggressive virus, a surge in a new type of norovirus, and the worst whooping cough outbreak in 60 years. And these are all developing amid the normal winter...

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Flu Widespread, Leading a Range of Winter’s Ills

It is not your imagination — more people you know are sick this winter, even people who have had flu shots. The country is in the grip of three emerging flu or flulike epidemics: an early start to the annual flu season with an unusually aggressive virus, a surge in a new type of norovirus, and the worst whooping cough outbreak in 60 years. And these are all developing amid the normal winter...

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Nokia Has Better-Than-Expected Quarter

HELSINKI (Reuters) - Finland's Nokia said its fourth-quarter results were better than expected and that the mobile phone business achieved underlying profitability, a rare spot of good news for the struggling handset maker. Quarterly net sales in devices and services was about 3.9 billion euros ($5.09 billion). It sold a total of 86.3 million devices. Smartphones accounted for 6.6 million...

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Chinese Firm Buys an American Solar Technology Start-Up

Alexander F. Yuan/Associated PressThe chief of MiaSolé, John Carrington, left, at the announcement of the company’s purchase by Hanergy Holding Group, for which Zhou Jiesan is an executive. Just a few years ago, Silicon Valley investors were pouring money into solar technologies and talking about how they would bring the same kind of innovation to green energy that they had to the computer chip. ...

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