Wall Street Week Ahead: Attention turns to financial earnings

NEW YORK (Reuters) - After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street. The first full week of earnings season is dominated by the financial sector - big investment banks and commercial banks - just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets. ...

Read More..

Golden Globe Creator Eyes the Prize All Year Long

This Sunday (Jan. 13) Tina Fey and Amy Poehler will host the 70th annual Golden Globe Awards on NBC, and while millions of Americans will tune in to catch a glimpse of their favorite stars, those with a head for business may want to keep their eyes on the prize.Each prize is a 24-karat-gold-plated statuette atop a marble pedestal, and since 2009, the production of this iconic trophy has been the business...

Read More..

Armstrong to admit doping in Oprah interview

AUSTIN, Texas (AP) — Lance Armstrong will make a limited confession to doping during his televised interview with Oprah Winfrey next week, according to a person with knowledge of the situation.Armstrong, who has long denied doping, will also offer an apology during the interview scheduled to be taped Monday at his home in Austin, according to the person who spoke on condition of anonymity because...

Read More..

Abandoning Afghanistan a bad idea

U.S. Marines from the 3rd Battalion 8th Marines Regiment start their patrol in Helmand Province on June 27. STORY HIGHLIGHTSWhite House aide suggested all U.S. troops could be withdrawn from AfghanistanPeter Bergen said the idea would be dangerous and send the wrong messageHe says U.S. has abandoned Afghanistan before and saw the rise of the TalibanBergen: U.S. is seeking agreement that military will...

Read More..

Aaron Swartz, Internet activist and programmer, dead at 26

Internet activist and computer prodigy Aaron Swartz, who helped create an early version of the Web feed system RSS and later...

Read More..

Russia rejects Assad exit as precondition for Syria deal

MOSCOW/BEIRUT (Reuters) - Russia voiced support on Saturday for international peace envoy Lakhdar Brahimi but insisted Syrian President Bashar al-Assad's exit cannot be a precondition for a deal to end the country's conflict. Some 60,000 Syrians have been killed during the 21-month-old revolt and world powers are divided over how to stop the escalating bloodshed. Government aircraft bombed...

Read More..

Wall Street ends flat as rally slows, earnings eyed

NEW YORK (Reuters) - Stocks ended little changed on Friday as investors took a step back from buying ahead of next week's busy corporate earnings calendar. Overall earnings are expected to grow by just 1.9 percent in this season, according to Thomson Reuters data. Analysts say that, with the bar low, there's room for companies to beat expectations, and that may have contributed to the...

Read More..

Flu Activity Still High: How Long Will it Last?

Most of the country is seeing elevated levels of flu, a trend that may continue for several weeks, according to a new report released today by the Centers for Disease Control and Prevention (CDC).As of Jan. 5, 47 states were reporting widespread flu activity, meaning more than 50 percent of regions in those states are experiencing flu, the CDC said. That’s up from 41 states the week before. [What...

Read More..

Alabama's Lacy, Milliner, Fluker enter NFL draft

TUSCALOOSA, Ala. (AP) — Alabama tailback Eddie Lacy, cornerback Dee Milliner and right tackle D.J. Fluker are entering the NFL draft after helping lead the Crimson Tide to a second straight national title.Lacy and Milliner announced their plans to skip their senior seasons Friday at a news conference. Fluker couldn't be there for the announcement because he was traveling.It's another exodus of talented...

Read More..

Saudi execution: Brutal and illegal?

STORY HIGHLIGHTSSaudi authorities beheaded Rizana Nafeek, a Sri Lankan womanShe was convicted of killing a baby of the family employing her as a housemaidThis was despite Nafeek's claims that the baby died in a choking accidentBecker says her fate "should spotlight the precarious existence of domestic workers"Jo Becker is the Children's Rights Advocacy Director for Human Rights Watch and author of...

Read More..

Ald. Sandi Jackson resigns from Chicago City Council

Ald. Sandi Jackson has resigned from the Chicago City Council.The 7th Ward alderman submitted her resignation letter to Mayor...

Read More..

Obama, Karzai agree to speed up Afghan military transition

WASHINGTON (Reuters) - President Barack Obama and Afghan President Hamid Karzai agreed on Friday to speed up the handover of combat operations in Afghanistan to Afghan forces this year, underscoring Obama's determination to move decisively to wind down the long, unpopular war. Signaling a narrowing of differences, Karzai appeared to give ground in White House talks on U.S. demands for...

Read More..

Wall Street climbs as China data puts S&P back at five-year high

NEW YORK (Reuters) - Stocks rose on Thursday and the S&P 500 ended at a fresh five-year high as stronger-than-expected exports from China spurred optimism about global growth prospects. Buying accelerated late in the day after the S&P 500 broke through technical resistance at 1,466.47, which was the market's closing level last Friday and the highest level since December 2007....

Read More..

What Will It Take to Solve Climate Change?

Australia had to add a new color to its weather maps this week. Meteorologists used royal purple to denote an off-the-charts high temperature of 50 degrees Celsius (122 degrees Fahrenheit), part of an unprecedented heat wave and ongoing wildfires occurring down under this month. On the other side of the globe, 2012 proved the hottest year on record in the contiguous U.S., surpassing the previous record-holder...

Read More..

Researchers: NFL's Seau had from brain disease

When he ended his life last year by shooting himself in the chest, Junior Seau had a degenerative brain disease often linked with repeated blows to the head.Researchers from the National Institutes of Health said Thursday the former NFL star's abnormalities are consistent with chronic traumatic encephalopathy, or CTE.The hard-hitting linebacker played for 20 NFL seasons with San Diego, Miami and New...

Read More..

'Lincoln' leads Academy Award contenders with 12 nominations

With a conspicuous diss of Kathryn Bigelow, the un-nominated director of “Zero Dark Thirty,” the Academy Awards nominations were announced Thursday morning.“Zero Dark Thirty” was one of nine films given the best picture nomination nod. The others: “Beasts of the Southern Wild”; “Silver Linings Playbook”; “Lincoln”; “Les Miserables”; “Life of Pi”;...

Read More..

String of bombings kill 101, injure 200 in Pakistan

QUETTA, Pakistan (Reuters) - At least 101 people were killed in bombings in two Pakistani cities on Thursday in one of the country's bloodiest days in recent years, officials said, with most casualties caused by sectarian attacks in Quetta. The bombings underscored the myriad threats Pakistani security forces face from homegrown Sunni extremist groups, the Taliban insurgency in the northwest...

Read More..

Wall Street rises after Alcoa reports earnings

NEW YORK (Reuters) - Stocks rose on Wednesday, rebounding from two days of losses, as investors turned their focus to the first prominent results of the earnings season. Stocks had retreated at the start of the week from the S&P 500's highest point in five years, hit last Friday, on worries about possible earnings weakness. Shares of Alcoa Inc were down 0.5 percent to...

Read More..

Bonds, Clemens rejected; no one elected to BB Hall

NEW YORK (AP) — Steroid-tainted stars Barry Bonds, Roger Clemens and Sammy Sosa were denied entry to baseball's Hall of Fame, with voters failing to elect any candidates for only the second time in four decades.In a vote that keeps the game's career home run leader and one of its greatest pitchers out of Cooperstown — at least for now — Bonds received just 36.2 percent of the vote and Clemens 37.6...

Read More..

Karzai's U.S. visit a time for tough talk

The last time Presidents Obama and Karzai met was in May in Kabul, when they signed a pact regarding U.S. troop withdrawal.STORY HIGHLIGHTSAfghan President Karzai meeting with President Obama in Washington this weekFelbab-Brown: Afghan politics are corrupt; army not ready for 2014 troop pulloutShe says Taliban, insurgents, splintered army, corrupt officials are all jockeying for powerU.S. needs to...

Read More..