Italy faces post-vote stalemate, spooking investors

ROME (Reuters) - The Italian stock market fell and state borrowing costs rose on Tuesday as investors took fright at political deadlock after a stunning election that saw a comedian's protest party lead the poll and no group secure a clear majority in parliament. "The winner is: Ingovernability" ran the headline in Rome newspaper Il Messaggero, reflecting the stalemate the country would...

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Stock futures advance, Barnes & Noble up early

NEW YORK (Reuters) - Stock index futures rose on Monday, suggesting the recent rally for equities remains intact in spite of concerns that the U.S. Federal Reserve could curtail its stimulus sooner than many expected. * Stocks have been strong performers so far this year, with the S&P 500 jumping 6.2 percent in 2013. Pullbacks have generally been slight, with investors using any dip...

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Johnson back on top with 2nd Daytona 500 victory

DAYTONA BEACH, Fla. (AP) — Jimmie Johnson went two years without a title and suddenly became an afterthought at the Daytona 500.All the attention went to Danica Patrick and a handful of other drivers.Not that it mattered Sunday, because look who pulled into Victory Lane.Five-time is back. Not that he ever went away.Johnson won his second Daytona 500 on Sunday, a year after he completed just one lap...

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Vatican 'Gay lobby'? Probably not

STORY HIGHLIGHTSBenedict XVI not stepping down under pressure from 'gay lobby,' Allen saysAllen: Benedict is a man who prefers the life of the mind to the nuts and bolts of government However, he says, much of the pope's time has been spent putting out firesEditor's note: John L. Allen Jr. is CNN's senior Vatican analyst and senior correspondent for the National Catholic Reporter.(CNN) -- Suffice...

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Oscars analysis: 'Argo,' Ang Lee are night's big winners

Blowing past the distant Civil War history of “Lincoln” and the more controversial recent history of “Zero Dark Thirty,” director and star Ben Affleck’s rousing, reassuringly apolitical thriller “Argo” won Sunday’s Academy Award for best picture.This was a rebuke to the very academy bestowing the prize: Affleck failed to receive a directing nomination...

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Investors face another Washington deadline

NEW YORK (Reuters) - Investors face another Washington-imposed deadline on government spending cuts next week, but it's not generating the same level of fear as two months ago when the "fiscal cliff" loomed large. Investors in sectors most likely to be affected by the cuts, like defense, seem untroubled that the budget talks could send stocks tumbling. Talks on the U.S. budget...

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US, Russia win team sprints at Nordic Worlds

VAL DI FIEMME, Italy (AP) — United States duo Jessica Higgins and Kikkan Randall stormed to victory in the team sprint at the Nordic World Championships on Sunday, winning by nearly eight seconds.The U.S. pair finished the 6x1.2-kilometer event in 20 minutes and 24.4 seconds, beating Swedish defending champions Charlotte Kalla and Ida Ingemarsdotter by 7.8 seconds. Finland's Riika Sarasoja-Lilja and...

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Vatican 'Gay lobby'? Probably not

STORY HIGHLIGHTSBenedict XVI not stepping down under pressure from 'gay lobby,' Allen saysAllen: Benedict is a man who prefers the life of the mind to the nuts and bolts of government However, he says, much of the pope's time has been spent putting out firesEditor's note: John L. Allen Jr. is CNN's senior Vatican analyst and senior correspondent for the National Catholic Reporter.(CNN) -- Suffice...

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28 fans hurt in fiery Daytona pile-up

A fiery pile-up at the Daytona speedway on Saturday injured at least 28 fans and a driver after the 10-car crash sent car debris,...

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Italians vote in crucial election for euro zone

ROME (Reuters) - Italians voted on Sunday in one of the most closely watched and unpredictable elections in years, with pent-up fury over a discredited elite adding to concern it may not produce a government strong enough to lead Italy out of an economic slump. The election, which concludes on Monday afternoon, is being followed closely by investors; their memories are still fresh of...

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