"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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On the Call: Chevron CEO John Watson

Chevron Corp., the second largest U.S. oil and gas company, posted a sharp increase in earnings for the fourth quarter on higher production, better refinery performance, and a gain from an asset swap that increased the company’s position in a gas field in Australia.Fourth quarter net income jumped 41 percent to $ 7.2 billion on revenue of $ 60.6 billion.The company’s full year production fell slightly,...

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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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Shootings leave 1 dead, 3 hurt

A bike lies abandoned in the snow near the spot where a 22-year-old man was found fatally shot Friday night. ...

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Thirty-five killed as militants attack Pakistan checkpoint

DERA ISMAIL KHAN, Pakistan (Reuters) - Militants attacked an isolated army checkpoint in Pakistan's restive northwest on Saturday, with at least 35 people killed in the initial assault, subsequent crossfire and a rocket attack on a house, officials said. The Pakistan Taliban claimed responsibility, saying the attack was in response to a U.S. drone strike in neighboring North Waziristan...

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Euro rises, shares gain as Europe's outlook brightens

LONDON (Reuters) - The euro hit a fresh 14-month high and European stocks gained on Friday after economic data raised hopes that the region's downturn has eased, but moves were limited as investors await a U.S. jobs report. Euro zone factories had their best month in nearly a year during January although the currency bloc is likely to remain mired in recession for a few more months, the...

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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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San Diego Zoo Panda Diagnosed With ‘Acute Cuteness’

Nearly three weeks after making his public debut at the San Diego Zoo, panda cub Xiao Liwu is proving to be quite the ham.The 6-month-old cub, whose name, which means “little gift,” was chosen in an online poll, rolled, crawled and padded his way through his most recent examination, requiring “three sets of hands” to get him still, according to the zoo.READ MORE: Panda Cub Opens Eyes at San Diego...

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Former New York mayor Ed Koch dies at 88

Former New York Mayor, the brash and outspoken Ed Koch, has passed away at the age of 88. NEW YORK (Reuters) - Former Mayor...

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Mexico rescue workers search for survivors after Pemex blast kills 25

MEXICO CITY (Reuters) - Emergency services worked into the early hours of Friday to find people trapped in rubble under state oil company Pemex's headquarters in Mexico City after an explosion that killed at least 25 people and injured more than 100. Scenes of confusion and chaos at the downtown tower dealt yet another blow to Pemex's image as Mexico's new president courts outside investment...

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Stock futures edge lower ahead of data, earnings

NEW YORK (Reuters) - Stock index futures edged lower on Thursday ahead of data on the labor market and a slew of corporate earnings reports. Facebook Inc shares dropped 6.7 percent to $29.14 in premarket trading. The company doubled its mobile advertising revenue in the fourth quarter but that growth trailed some of Wall Street's most aggressive estimates. Qualcomm Inc ...

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2 NFL seasons since agreement, still no HGH tests

NEW ORLEANS (AP) — Count Baltimore Ravens defensive end Arthur Jones among those NFL players who want the league and the union to finally agree on a way to do blood testing for human growth hormone."I hope guys wouldn't be cheating. That's why you do all this extra work and extra training. Unfortunately, there are probably a few guys, a handful maybe, that are on it. It's unfortunate. It takes away...

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Factbox: Weapons, nuclear power, roads and welfare: India’s budget cuts

NEW DELHI (Reuters) – India’s finance minister P. Chidambaram is putting welfare, defence, atomic energy and road projects under the knife in a final attempt to hit a tough fiscal deficit target by March, risking short-term economic growth and angering cabinet colleagues.The cuts will reduce spending by about 1.1 trillion Indian rupees ($ 20.6 billion) in the current financial year, some 8 percent...

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BlackBerry must remember strengths

STORY HIGHLIGHTSBlackBerry sales have slumped in the U.S. but is still strong in emerging marketsNew models launched should remember why they are popular in developing worldIn places like Brazil and South Africa, the 10 is the update to their current phonein Sub-Saharan Africa there is expected to be 175 million new customers in the next 3 yearsWatch Jim Clancy on CNN International's "The Brief" at...

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6 wounded in overnight shootings

Two men were shot in the South Austin neighborhood on the West Side late Wednesday, police said, and four others were wounded...

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Syrian rebels make slow headway in south

AMMAN (Reuters) - The revolt against President Bashar al-Assad first flared in Deraa, but the southern border city now epitomizes the bloody stalemate gripping Syria after 22 months of violence and 60,000 dead. Jordan next door has little sympathy with Assad, but is wary of spillover from the upheaval in its bigger neighbor. It has tightened control of its 370-km (230-mile) border with...

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Stock futures flat ahead of data; Amazon, Boeing climb early

NEW YORK (Reuters) - Stock index futures were flat on Wednesday as investors digested recent gains and awaited key U.S. economic data, though Amazon and Boeing both rose after earnings topped expectations. Equities have soared in recent weeks, with the S&P 500 rising for nine of the past 10 sessions. The Dow Jones industrial average has been flirting with 14,000, a level it hasn't...

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A-Rod implicated in PED use again as MLB probes

NEW YORK (AP) — Alex Rodriguez is in the middle of Major League Baseball's latest doping investigation after an alternative weekly newspaper reported baseball's highest-paid star was among the big leaguers listed in the records of a Florida clinic the paper said sold performance-enhancing drugs.The Miami New Times said Tuesday that the three-time AL MVP bought human growth hormone and other performance-enhancing...

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