Housing, job-market data push S&P to five-year high

NEW YORK (Reuters) - Stronger-than-expected data on housing starts and jobless claims lit a fire under stocks on Thursday, pushing the S&P 500 to a five-year high and its third day of gains. Shares of chipmaker Intel rose in extended-hours trading after the company forecast better-than-expected first-quarter gross margins. Intel gained 1.85 percent after closing up 2.6 percent at...

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Manti Te'o girlfriend's death apparently a hoax

SOUTH BEND, Ind. (AP) — Not long before Notre Dame played Michigan State last fall, word spread that Fighting Irish linebacker Manti Te'o had lost his grandmother and girlfriend within hours of each other.Te'o never missed a practice and made a season-high 12 tackles, two pass breakups and a fumble recovery in a 20-3 victory against the Spartans. His inspired play became a stirring story line for...

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Sector Snap: Solar energy companies

NEW YORK (AP) — Shares of solar energy products companies were mixed Thursday as a Jefferies analyst said he believes the worst may be behind the sector, as far as energy policies are concerned.Analyst Scott Reynolds said in a client note that he sees growing support for national level solar programs in Europe and Asia. He noted said that diesel is still used to generate a significant portion of the...

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Did Scientology ad cross line?

The Church of Scientology is also at fault for thinking the advertorial would survive The Atlantic readers' scrutiny, Ian Schafer says.STORY HIGHLIGHTSThe Atlantic published and pulled a sponsored Scientology "story"Ian Schafer: On several levels, the ad was a mistakeHe says the content was heavy-handed and comments were being moderatedSchafer: Experimenting to raise revenue makes sense, but standards...

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Trestman excited about 'marriage' with Cutler

Calling the relationship between the quarterback and his coach the “No. 1 marriage” in all of sports, Marc Trestman said Thursday...

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Some foreign hostages said killed in Algeria assault

ALGIERS (Reuters) - Algeria said several hostages were killed on Thursday when its forces stormed a remote desert gas plant occupied by Islamist militants in retaliation for French intervention in Mali, and local sources said six foreigners were among the dead. Amid reports of many more casualties in one of the biggest international hostage crises in decades, Western leaders expressed anger they...

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S&P 500 ends flat as bank profits temper growth concerns

NEW YORK (Reuters) - The S&P 500 ended nearly flat on Wednesday as solid earnings from two major banks and a bounceback in Apple shares offset concerns about a lower forecast for global growth in 2013. Shares of Goldman Sachs hit their highest since May 2011 as earnings nearly tripled on increased revenue from dealmaking and lower compensation expenses. JPMorgan Chase said fourth-quarter...

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Hawaiian Lava Lake Hits New Record High

The orange glow atop Hawaii’s Mount Kilauea was a little stronger yesterday (Jan. 15) than it has been in recent weeks. The volcano’s lava lake lapped over the inner ledge of its vent, reaching a new high and bring molten rock closer than ever to the floor of Halema’uma’u crater.The level was about 80 feet (25 meters) below the crater floor, the highest level reached since the summit vent blasted...

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Eagles get their man, hire Oregon's Chip Kelly

PHILADELPHIA (AP) — In the end, Chip Kelly chose the NFL, giving the Eagles their guy.Philadelphia hired Kelly on Wednesday, just 10 days after he decided to stay at Oregon. The 49-year-old Kelly, known as an offensive innovator, becomes the 21st coach in team history and replaces Andy Reid, who was fired on Dec. 31 after a 4-12 season.He'll be introduced at a news conference Thursday at 1:30 p.m....

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Gruesome toll of cluster bombs in Syria

STORY HIGHLIGHTSHuman Rights Watch says cluster bombs were used on Syrian town of LatamnehCluster bombs release dozens of smaller bombs, which can maim or kill long after impactSyrian regime has previously denied cluster bombs on civiliansEditor's note: Mary Wareham is the Arms Division's Advocacy Director for Human Rights Watch and chief editor of 'Cluster Munition Monitor 2012.' (CNN) -- It was...

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