"Great Rotation"- A Wall Street fairy tale?

NEW YORK (Reuters) - Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights. That sounds good, but there's a snag: The evidence for this is a few weeks of bullish fund flows that are hardly unusual for January. Late-stage bull markets...

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NFL's Goodell aims to share blame on player safety

NEW ORLEANS (AP) — NFL Commissioner Roger Goodell wants to share the blame."Safety," he said at his annual Super Bowl news conference, "is all of our responsibilities."Not surprisingly, given that thousands of former players are suing the league about its handling of concussions, the topics of player health and improved safety dominated Goodell's 45-minute session Friday. And he often sounded like...

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Biofuel stocks rise after EPA boosts mandate

NEW YORK (AP) — Shares of biofuels and ethanol companies surged Friday after the government proposed increasing required use of renewable fuels.The Environmental Protection Agency standards would require production of 14 million gallons of cellulosic biofuels made from grasses and woody material. The EPA wanted 8.7 million gallons in 2012, but actual production was near zero. Currently most ethanol...

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Convicted killer back in custody after he was found watching TV

The convicted murderer who was mistakenly allowed to leave Cook County jail is now back in custody. (WGN - Chicago) Convicted...

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Turkish leftist group claims U.S. embassy bombing: website

ISTANBUL (Reuters) - Turkish leftist group DHKP-C claimed responsibility on Saturday for a suicide bomb attack on the U.S. embassy in Ankara, according to a statement on a website close to the group. "Our warrior Alisan Sanli carried out an act of self-sacrifice on Feb 1, 2013, by entering the Ankara embassy of the United States, murderer of the peoples of the world," the statement on...

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Wall Street rallies on upbeat data

NEW YORK (Reuters) - Stocks hit five-year highs on Friday after jobs and manufacturing data showed the economy's sluggish recovery is still on track. The Dow industrials hit 14,000 for the first time since mid October 2007 and the S&P hit its highest level since December that year. The S&P gained 5 percent last month, its best start to a year since 1997. Employment...

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Carville, Matalin enjoy role as Big Easy boosters

NEW ORLEANS (AP) — When Mary Matalin heard a baby cry during a Super Bowl news conference this week, she paused midsentence, peered in the direction of the fussing child and asked: "Is that my husband?"Matalin, the noted Republican political pundit, isn't shy about making jokes at the expense of Democratic strategist James Carville, who went from being her professional counterpart to her partner in...

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Canada Kills the Penny

It’s the end of the line for the Canadian penny in retail purchases. On Feb. 4 the Canadian Mint, which stopped producing pennies last spring, will stop circulating the coins to financial institutions and will encourage them to send back any pennies they have on hand. And the majority of retailers will follow the government‘s proposal to round the prices of all cash transactions.It’s billed as a cost-savings...

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Hillary: Secretary of empowerment

Girls hug U.S. Secretary of State Hillary Clinton during a 2010 tour of a shelter run for sex trafficking victims in Cambodia.STORY HIGHLIGHTSDonna Brazile: Clinton stepping down as Secretary of State. Maybe she'll run for presidentShe says as secretary she expanded foreign policy to include effect on regular people She says she was first secretary of state to focus on empowering women and girlsBrazile:...

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Indiana killer mistakenly released from Cook County Jail

A convicted murderer from Indiana is on the loose because of some bad paperwork in Cook County. (WGN - Chicago) An Indiana man convicted of murder has been on the loose...

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Suicide bomber kills guard at U.S. embassy in Turkey

ANKARA (Reuters) - A suicide bomber from a far-left group killed a Turkish security guard at the U.S. embassy in Ankara on Friday, blowing the door off a side entrance and sending smoke and debris flying into the street. The attacker blew himself up inside U.S. property, Ankara Governor Alaaddin Yuksel said. The blast sent masonry spewing out of the wall and could be heard a mile away....

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Wall Street flat after mixed data; Qualcomm lifts Nasdaq

NEW YORK (Reuters) - Stocks were little changed on Thursday as investors mulled a mixed bag of economic data, though earnings from Qualcomm helped lift the Nasdaq. Data showed the labor market improved modestly; the number of Americans filing new claims last week for unemployment benefits rose, beating expectations and bouncing off five-year lows in the prior week. That comes...

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49ers' Culliver apologizes for anti-gay remarks

NEW ORLEANS (AP) — San Francisco 49ers cornerback Chris Culliver has apologized for anti-gay comments he made to a comedian during Super Bowl media day.Culliver said Thursday that's "not what's in my heart" and he was "just kidding around."He also apologized to the city of San Francisco and added he would welcome a gay teammate to the 49ers, a reversal of his remarks to comedian Artie Lange two days...

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Fear and loathing in Egypt's Port Said

Behind the maskScales of justiceMoment of truthFans celebrate Armed and readyRally at the clubPortrait of the deadACABDown with MorsiArmy in controlPort Said women protestAl Masry ultrasThe sound of machine gunsAftermathProtestShots firedEmpty standsHarrowing reminder<<<123456789101112131415161718>>>STORY HIGHLIGHTSChaos erupted in Egypt after 21 people were sentenced to death following...

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