Washington stares down start of sequester cuts

NEW YORK, March 1 (Reuters) - The U.S. government hurtled today toward making deep spending cuts that threaten to hinder the...

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Stock futures tick higher ahead of GDP, jobless data

NEW YORK (Reuters) - U.S. stock index futures edged higher on Thursday as investors were reluctant to make big bets following a sharp two-day rally and ahead of a rash of data. Analysts said a pullback may be in store a day after major equity indexes posted their biggest daily advance since early January. Over the past two sessions, the S&P 500 has gained 1.9 percent, rising back...

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Knicks overcome Curry's 54 to beat Warriors

NEW YORK (AP) — Stephen Curry rose for another jumper, and by then even the Knicks probably figured it would go in.Curry had hardly missed in a scintillating second half of the NBA's most electric performance this season, the crowd cheering even before the ball left his hands.This time, Raymond Felton jumped with him, making the play New York needed to finally withstand Curry.Felton's blocked shot...

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Taiwan ebullient over Ang Lee's Oscar

STORY HIGHLIGHTSAng Lee's name beamed on building in Taiwan after Oscar winLee, born in Taiwan, won award for best director for "Life of Pi"Lee's win created excitement in Taiwan and China, both claimed him as their ownRyan: "In some ways it feels like 'Linsanity' all over again"Editor's note: Andrew Ryan is a host and producer at Radio Taiwan International, a government-owned station that broadcasts...

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Chicago archdiocese to close 5 schools in cost-cutting move

Budget cuts announced Wednesday by the Archdiocese of Chicago signal that the area's Roman Catholics are entering a period of...

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Stock futures little changed ahead of Bernanke, data

NEW YORK (Reuters) - Stock index futures were little changed on Wednesday as investors awaited a second round of testimony in Congress by Federal Reserve Chairman Ben Bernanke for signs of whether the Fed will continue its economic stimulus program. Economic data was also in focus with U.S. durables goods and homes data due out at 8:30 a.m. ET (1330) GMT and 10:00 a.m. ET (1500 GMT),...

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Minnesota takes down No. 1 Indiana 77-73

MINNEAPOLIS (AP) — Retaining that No. 1 national ranking has been elusive throughout this wild season in college basketball, and Indiana was the latest to lose at the top — again.Most important and maybe more challenging for the Hoosiers, however, is holding on to first place in the tough-as-ever Big Ten.Trevor Mbakwe had 21 points on 8-for-10 shooting and 12 rebounds to help Minnesota take down top-ranked...

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Yahoo CEO right to cut remote work?

STORY HIGHLIGHTSRaymond Fisman: Marissa Mayer needs to revive Yahoo, and face time at the office is keyFisman: Granted, this goes against Utopian vision of everyone working from cafes Fisman: In-person work means innovations, avoids misunderstood directivesHe says more jobs will get done and it'll encourage those who work in a half-empty officeEditor's note: Raymond Fisman is the Lambert Family professor...

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Winter storm: Lingering snow could mean messy commute

Tom updates Tuesday's storm. (WGN - Chicago) The storm that socked the Chicago area with the season's biggest snowfall has tapered...

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Iran upbeat on nuclear talks, West wary

ALMATY (Reuters) - Iran gave an upbeat assessment of two days of nuclear talks with world powers that ended on Wednesday, but Western officials said Tehran must start taking concrete steps to ease mounting concerns about its atomic activity. The first negotiations between Iran and six world powers in eight months ended without a breakthrough in Almaty, but they agreed to meet again at...

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