Iran faces oil revenue problem

By John Defterios, CNNJanuary 8, 2013 -- Updated 1535 GMT (2335 HKT)With elections in June, it remains unclear how energy policy will evolve after President Mahmoud Ahmadinejad's eraSTORY HIGHLIGHTSThe IEA has suggested Iraq surpassed Iran in output for the first time in over 20 yearsThe Iranian people are faced with spiralling inflation and job layoffs within the state sectorIranian oil revenues...

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Magical run for Irish ends in 42-14 rout to Alabama

Notre Dame lost 42-14 on Monday. MIAMI GARDENS, Fla. — On a flawless South Florida night, Notre Dame players saw a legend emerge...

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Tunisia frees man held over attack on U.S. consulate in Libya

Tunis (Reuters) - Tunisia has freed, for lack of evidence, a Tunisian man who had been suspected of involvement in an Islamist militant attack in Libya last year in which the U.S. ambassador was killed, his lawyer said on Tuesday. Ali Harzi was one of two Tunisians named in October by the Daily Beast website as having been detained in Turkey over the violence in which Christopher Stevens,...

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Wall Street falls after five-year high, earnings in focus

NEW YORK (Reuters) - Stocks fell on Monday as traders cashed in recent gains that lifted the S&P 500 to a five-year high on Friday and awaited Tuesday's start of the fourth-quarter earnings season. Last week was the best for U.S. stocks in more than a year as a budget deal and economic data boosted investor confidence. Investors will likely turn their attention to the...

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Weird! This Odd, Ancient Bird Had Sharp Teeth

The fossil skeleton of a bird with strange teeth that lived 125 million years ago has been discovered in China. The bird had bizarre ridges on its teeth that may have enabled it to crack open hard-shelled insects and snails, the researchers said.The unusual fossil, described in the January issue of the Journal of Vertebrate Paleontology, was so well preserved that some of its stomach contents were...

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Depardieu exit causes French storm

STORY HIGHLIGHTSRussian President Vladimir Putin has bestowed Russian citizenship on actor Gérard DepardieuFor Depardieu, a public war of words erupted, with many in France disgusted by his moveDepardieu more than anyone, represents the Gallic spirit, says Agnes PoirierMajority of French people disapprove of his action but can't help loving him, she addsAgnes Poirier is a French journalist and political...

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House drops assault weapon ban plan, may tackle pension reform

The clock is ticking for Illinois lawmakers to come to an agreement on the pension crisis. CBS 2's Courtney Gousman reports. ...

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Five accused of rape in India appear in court for charges

NEW DELHI (Reuters) - Five men accused of the rape and murder of an Indian student appeared in court on Monday to hear charges against them after two of them offered evidence possibly in return for a lighter sentence in the case that has provoked widespread anger. The five men, along with a teenager, are accused of raping the 23-year-old physiotherapy student after she boarded their bus...

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"Cliff" concerns give way to earnings focus

NEW YORK (Reuters) - Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week. Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter's lackluster results. As a warning sign, analyst current...

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NHL, union reach tentative agreement

NEW YORK (AP) — Hockey is back, and it took nearly four months and one long night to get the game back on the ice.With the season on the line, the NHL and the players' association agreed on a tentative pact to end a 113-day lockout and save what was left of a fractured schedule.Commissioner Gary Bettman and union executive director Donald Fehr ceased being adversaries and announced the deal while...

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