Quest: U.S. economy to dominate Davos

The United States and the sorry state of its political and budgetary process will be the center of attention at Davos, writes QuestSTORY HIGHLIGHTSQuest: Davos is a chance to see where the political and economic landmines are in 2013Quest: People will be speculating about how dysfunctional the U.S. political process has becomeQuest: Davos has been consumed by eurozone sovereign debt crises for three...

Read More..

Grounded 787 Dreamliner leaks fuel in tests by Japanese airline

The FAA stepped in Friday to assure the public that Boeing's new 787 "Dreamliner" is safe to fly. The AP spoke with Kevin Hiatt, Flight Safety Foundation CEO & President, who says mechanical issues with new aircrafts are not uncommon. (Jan. 11) ...

Read More..

France bombs Islamist strongholds deep in north Mali

BAMAKO/PARIS (Reuters) - French fighter jets pounded Islamist rebel strongholds deep in northern Mali on Sunday as Paris poured more troops into the capital Bamako, awaiting a West African force to dislodge al Qaeda-linked insurgents from the country's north. The attacks on Islamist positions near the ancient desert trading town of Timbuktu and Gao, the largest city in the north, marked a decisive...

Read More..

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..