CAIRO (Reuters) - Mahmoud Ahmadinejad was both kissed and scolded on Tuesday when he began the first visit to Egypt by an Iranian president since Tehran's 1979 Islamic revolution. The trip was meant to underline a thaw in relations since Egyptians elected an Islamist head of state, President Mohamed Mursi, last June. But it also highlighted deep theological and geopolitical differences....
Feb
04
S&P 500 posts worst day since November; McGraw-Hill shares sink
Labels: WorldNEW YORK (Reuters) - Stocks slid on Monday, giving the S&P 500 its worst day since November, as renewed worries about the euro zone crisis caused the market to pull back from recent gains. Shares of McGraw-Hill shed 13.8 percent to $50.30, their worst daily percentage decline since the October 1987 market crash, after news the U.S. Justice Department plans to sue Standard & Poor's,...
NASA’s Curiosity Rover Hammers Into 1st Mars Rock
Labels: WorldNASA’s Mars rover Curiosity has pounded into a Red Planet rock with its drill for the first time, bringing the 1-ton robot a big step closer to initiating its first full-bore drilling operations.The Curiosity rover hammered the rock using the arm-mounted drill’s percussive action over the weekend, completing another test along the path toward spinning the bit and biting into rock for the first...
Cause of Super Bowl power outage remains unclear
Labels: TechnologyNEW ORLEANS (AP) — As the Superdome's energy provider and stadium management try to determine what caused a 34-minute power outage at Sunday's Super Bowl, local officials are hoping the incident won't leave a black eye on the city or prevent the league's big game from coming back to town.Larry Roedel, a lawyer for the state board that oversees the Superdome, said Monday that the outage did not appear...
How close is N. Korea to nuclear arms?
Labels: LifestyleKim Jong Un and his militaryKim Jong Un and his militaryKim Jong Un and his militaryKim Jong Un and his militaryKim Jong Un and his militaryKim Jong Un and his militaryKim Jong Un and his militaryKim Jong Un and his militaryKim Jong Un and his militaryKim Jong Un and his militaryKim Jong Un and his militaryKim Jong Un and his militaryKim Jong Un and his militaryKim Jong Un and his militaryKim Jong...
North Korea nuclear test would face "firm" U.N. action: South Korea
Labels: BusinessUNITED NATIONS (Reuters) - The U.N. Security Council is united on North Korea's nuclear arms program and will undoubtedly approve tough measures against Pyongyang if it carries out a new atomic test as expected, South Korean U.N. Ambassador Kim Sook said on Monday. "The North Korean nuclear test seems to be imminent," Kim, who is president of the Security Council this month, told reporters....
Feb
03
"Great Rotation"- A Wall Street fairy tale?
Labels: WorldNEW YORK (Reuters) - Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights. That sounds good, but there's a snag: The evidence for this is a few weeks of bullish fund flows that are hardly unusual for January. Late-stage bull markets...
Energy industry develops nontoxic fracking fluids
Labels: WorldPITTSBURGH (AP) — The oil and gas industry is trying to ease environmental concerns by developing nontoxic fluids for the drilling process known as fracking, but it’s not clear whether the new product will be widely embraced by drilling companies.Houston-based energy giant Halliburton Inc. has developed a product called CleanStim, which uses only food-industry ingredients. Other companies have developed...
Gasol help Lakers hold on to beat Pistons 98-97
Labels: TechnologyAUBURN HILLS, Mich. (AP) — Pau Gasol had 23 points and 10 rebounds and was the last line of defense for Los Angeles, contesting Detroit's last-second alley-oop attempt and helping the Lakers hold on for a 98-97 victory over the Pistons on Sunday.Los Angeles blew an 18-point third-quarter lead but went back ahead for good on Kobe Bryant's driving three-point play with 1:09 remaining. That gave the...
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