Cameron promises Britons vote on EU exit

LONDON (Reuters) - Prime Minister David Cameron promised Britons a vote on quitting the European Union, rattling London's biggest allies and some investors by raising the prospect of uncertainty and upheaval. Cameron announced on Wednesday that the referendum would be held by the end of 2017 - provided he wins a second term - and said that while Britain did not want to retreat from the...

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S&P 500 ends at five-year high on banks, materials

NEW YORK (Reuters) - Bank and commodity shares led the Standard & Poor's 500 to a fresh five-year closing high on Tuesday on hopes that the global economy continues to mend. The Dow Jones industrial average also ended at a five-year high, buoyed by an advance in Travelers' shares after the insurer's earnings. The market also gained on signals that Republican leaders in...

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Construction workers battle cold weather

CLEVELAND – Drivers traveling through the intersection of St. Clair Avenue and East 45th Street in downtown Cleveland Tuesday morning had to feel bad for a group of construction workers who were working out in the frigid elements.Workers for Terrace Construction, bundled from head to toe, completed a sewer repair that could not wait.“Today is the coldest day in a long time,” said worker Ed Zacharias.Zacharias,...

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Djokovic getting the hang of winning in Australia

MELBOURNE, Australia (AP) — Novak Djokovic is really starting to get the hang of how to handle himself at the Australian Open.An expression often used Down Under — "Keep your shirt on" — is designed to discourage anyone from becoming unnecessarily overexcited.Djokovic took it literally after his 6-1, 4-6, 6-1, 6-4 win Tuesday night over fifth-seeded Tomas Berdych, advancing to the semifinals at an...

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Defterios: What keeps Davos relevant

STORY HIGHLIGHTSSince the late 20th Century, the ski resort of Davos has been synonymous with the World Economic ForumDefterios: I first came to Davos as a relatively junior correspondent, two months after the Berlin Wall fellFall of Communism, China's opening, removal of apartheid in South Africa unfolded in the 90sIt's the inter-play between geo-politics and business is what keeps the forum relevantDavos...

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2 dead, 1 hurt in extra-alarm fire at South Side high-rise

Firefighters work to extinguish a fire on the seventh and eighth floors of a high-rise apartment building at 6730 South Shore Drive in Chicago on January, 22,2013. ...

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Netanyahu claims election win despite losses

JERUSALEM (Reuters) - Hawkish Prime Minister Benjamin Netanyahu emerged the bruised winner of Israel's election on Tuesday, claiming victory despite unexpected losses to resurgent center-left challengers. Exit polls showed the Israeli leader's Likud party, yoked with the ultra-nationalist Yisrael Beitenu group, would still be the biggest bloc in the 120-member assembly with 31 seats,...

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European shares test two-year highs, yen volatile before BOJ

LONDON (Reuters) - European shares inched towards two-year highs on Monday, as a political attempt to break a budget impasse in the United States and expectations of aggressive Japanese stimulus bolstered the appetite for shares. U.S. House Republican leaders said on Friday they would seek to pass a three-month extension of federal borrowing authority in the coming days to buy time for...

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Confident Obama lays out battle plan as he launches second term

WASHINGTON (Reuters) – A confident President Barack Obama kicked off his second term on Monday with an impassioned call for a more inclusive America that rejects partisan rancor and embraces immigration reform, gay rights and the fight against climate change.Obama’s ceremonial swearing-in at the U.S. Capitol was filled with traditional pomp and pageantry, but it was a scaled-back inauguration compared...

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Harbaugh brothers take 49ers, Ravens to Super Bowl

This Super Bowl will be filled with firsts — and one significant last.The Harbaughs, San Francisco's Jim and Baltimore's John, will be the first pair of brothers to coach against each other in the NFL title game.Quarterbacks Colin Kaepernick of the 49ers and Joe Flacco of the Ravens each will be playing in his first Super Bowl — where success is the ultimate measure of elite QBs.It'll be Baltimore's...

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