"Great Rotation"- A Wall Street fairy tale?

NEW 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...

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NFL's Goodell aims to share blame on player safety

NEW ORLEANS (AP) — NFL Commissioner Roger Goodell wants to share the blame."Safety," he said at his annual Super Bowl news conference, "is all of our responsibilities."Not surprisingly, given that thousands of former players are suing the league about its handling of concussions, the topics of player health and improved safety dominated Goodell's 45-minute session Friday. And he often sounded like...

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On the Call: Chevron CEO John Watson

Chevron Corp., the second largest U.S. oil and gas company, posted a sharp increase in earnings for the fourth quarter on higher production, better refinery performance, and a gain from an asset swap that increased the company’s position in a gas field in Australia.Fourth quarter net income jumped 41 percent to $ 7.2 billion on revenue of $ 60.6 billion.The company’s full year production fell slightly,...

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Hillary: Secretary of empowerment

Girls hug U.S. Secretary of State Hillary Clinton during a 2010 tour of a shelter run for sex trafficking victims in Cambodia.STORY HIGHLIGHTSDonna Brazile: Clinton stepping down as Secretary of State. Maybe she'll run for presidentShe says as secretary she expanded foreign policy to include effect on regular people She says she was first secretary of state to focus on empowering women and girlsBrazile:...

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Shootings leave 1 dead, 2 hurt

Three shootings since Friday night have left a 21-year-old man dead and three people hurt, Chicago police said.The fatal shooting...

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Thirty-five killed as militants attack Pakistan checkpoint

DERA ISMAIL KHAN, Pakistan (Reuters) - Militants attacked an isolated army checkpoint in Pakistan's restive northwest on Saturday, with at least 35 people killed in the initial assault, subsequent crossfire and a rocket attack on a house, officials said. The Pakistan Taliban claimed responsibility, saying the attack was in response to a U.S. drone strike in neighboring North Waziristan...

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Euro rises, shares gain as Europe's outlook brightens

LONDON (Reuters) - The euro hit a fresh 14-month high and European stocks gained on Friday after economic data raised hopes that the region's downturn has eased, but moves were limited as investors await a U.S. jobs report. Euro zone factories had their best month in nearly a year during January although the currency bloc is likely to remain mired in recession for a few more months, the...

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Carville, Matalin enjoy role as Big Easy boosters

NEW ORLEANS (AP) — When Mary Matalin heard a baby cry during a Super Bowl news conference this week, she paused midsentence, peered in the direction of the fussing child and asked: "Is that my husband?"Matalin, the noted Republican political pundit, isn't shy about making jokes at the expense of Democratic strategist James Carville, who went from being her professional counterpart to her partner in...

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Reality check needed on immigration?

STORY HIGHLIGHTSHoward Kurtz: The mainstream media are rooting for immigration policy changesKurtz: Is enthusiasm causing the media to overestimate the prospects for reform? He says the Republican House has been a graveyard for numerous Obama reformsKurtz: Illegal immigration still arouses visceral opposition among some Americans Editor's note: Howard Kurtz is the host of CNN's "Reliable Sources"...

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Hadiya Pendleton's 'twin' describes death of best friend

The best friend of Hadiya Pendleton talks about the moments before her friend was shot in Chicago on January 31, 2013. (Heather Charles, Chicago Tribune) ...

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Mexico rescue workers search for survivors after Pemex blast kills 25

MEXICO CITY (Reuters) - Emergency services worked into the early hours of Friday to find people trapped in rubble under state oil company Pemex's headquarters in Mexico City after an explosion that killed at least 25 people and injured more than 100. Scenes of confusion and chaos at the downtown tower dealt yet another blow to Pemex's image as Mexico's new president courts outside investment...

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Stock futures mixed, eyes on Facebook

PARIS (Reuters) - Stock futures pointed to a mixed open on Wall Street on Thursday, with futures for the S&P 500 down 0.04 percent, Dow Jones futures up 0.04 percent and Nasdaq 100 futures down 0.31 percent at 5:33 a.m. ET. * Facebook Inc will be in the spotlight after it doubled its mobile advertising revenue in the fourth quarter, a sign that the No.1 social network is seeing early...

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2 NFL seasons since agreement, still no HGH tests

NEW ORLEANS (AP) — Count Baltimore Ravens defensive end Arthur Jones among those NFL players who want the league and the union to finally agree on a way to do blood testing for human growth hormone."I hope guys wouldn't be cheating. That's why you do all this extra work and extra training. Unfortunately, there are probably a few guys, a handful maybe, that are on it. It's unfortunate. It takes away...

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Factbox: Weapons, nuclear power, roads and welfare: India’s budget cuts

NEW DELHI (Reuters) – India’s finance minister P. Chidambaram is putting welfare, defence, atomic energy and road projects under the knife in a final attempt to hit a tough fiscal deficit target by March, risking short-term economic growth and angering cabinet colleagues.The cuts will reduce spending by about 1.1 trillion Indian rupees ($ 20.6 billion) in the current financial year, some 8 percent...

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BlackBerry must remember strengths

STORY HIGHLIGHTSBlackBerry sales have slumped in the U.S. but is still strong in emerging marketsNew models launched should remember why they are popular in developing worldIn places like Brazil and South Africa, the 10 is the update to their current phonein Sub-Saharan Africa there is expected to be 175 million new customers in the next 3 yearsWatch Jim Clancy on CNN International's "The Brief" at...

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Hawks' streak ends in 3-2 shootout loss

Blackhawks suffered first loss of the season. ST. PAUL, Minn. — For the first time this season, the only sounds in the Blackhawks'...

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Syrian rebels make slow headway in south

AMMAN (Reuters) - The revolt against President Bashar al-Assad first flared in Deraa, but the southern border city now epitomizes the bloody stalemate gripping Syria after 22 months of violence and 60,000 dead. Jordan next door has little sympathy with Assad, but is wary of spillover from the upheaval in its bigger neighbor. It has tightened control of its 370-km (230-mile) border with...

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Euro, shares rise ahead of U.S. Fed decision

LONDON (Reuters) - The euro hit its highest level in over a year and shares and commodities also rose on Wednesday helped by optimism about the global economy ahead of a U.S. Federal Reserve policy decision. The Fed is expected to maintain asset buying at $85 billion a month when it concludes its meeting later and stick to its commitment to hold interest rates near zero until unemployment...

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A-Rod implicated in PED use again as MLB probes

NEW YORK (AP) — Alex Rodriguez is in the middle of Major League Baseball's latest doping investigation after an alternative weekly newspaper reported baseball's highest-paid star was among the big leaguers listed in the records of a Florida clinic the paper said sold performance-enhancing drugs.The Miami New Times said Tuesday that the three-time AL MVP bought human growth hormone and other performance-enhancing...

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