Jan
19

Wall Street Week Ahead: Earnings, money flows to push stocks higher

NEW YORK (Reuters) - With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal. The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations. Sector indexes in transportation...
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Earl Weaver dead at 82, Orioles say

BALTIMORE (AP) — Earl Weaver, the fiery Hall of Fame manager who won 1,480 games with the Baltimore Orioles, has died, the team says. He was 82.The Duke of Earl, as he was affectionately known in Baltimore, took the Orioles into the World Series four times over 17 seasons but won only one title, in 1970. His .583 winning percentage ranks fifth among managers who served 10 or more seasons in the 20th...
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Celestial Wonder Looks Uncannily Like a Manatee

A watery-looking nebula in deep space is being renamed after the sea creature it strongly resembles: a manatee.The nebula is the leftovers from a star that died in a supernova explosion about 20,000 years ago. Before it died, the giant star puffed out its outer gaseous layers, which now swirl in green-and-blue clouds around the dead hulk of the star, which has collapsed into a black hole.Known officially...
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Why Africa backs French in Mali

French-led Mali offensiveFrench-led Mali offensiveFrench-led Mali offensiveFrench-led Mali offensiveFrench-led Mali offensive French-led Mali offensive French-led Mali offensive French-led Mali offensiveFrench-led Mali offensiveFrench-led Mali offensive French-led Mali offensiveFrench-led Mali offensiveFrench-led Mali offensiveFrench-led Mali offensive French-led Mali offensive French-led Mali offensiveFrench-led...
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Notre Dame's Te'o: 'There is no way that I could be part of this'

James Brown, host of "The NFL Today" on CBS Sports, talks to Charlie Rose and Norah O'Donnell about the Manti Te'o hoax and its possible effect on his future. ...
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Algerian army stages "final assault" on gas plant

ALGIERS/IN AMENAS, Algeria (Reuters) - The Algerian army on Saturday carried out a "final assault" on al Qaeda-linked gunmen holed up in a desert gas plant, killing 11 of the Islamists after they took the lives of seven foreign hostages. "It is over now, the assault is over, and the military are inside the plant clearing it of mines," a local source familiar with the operation told Reuters....
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Jan
18

Wall Street edges lower on earnings, China data

NEW YORK (Reuters) - Stocks fell modestly on Friday, a day after the S&P 500 rose to its highest level in five years, as a weak outlook from Intel was weighed against encouraging data out of China and a fourth-quarter profit at Morgan Stanley . The Dow Jones industrial average <.dji> was down 6.68 points, or 0.05 percent, at 13,589.34. The Standard & Poor's 500 Index <.spx>...
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IOC VP: Armstrong must tell 'whole truth'

LONDON (AP) — Lance Armstrong's doping confession to Oprah Winfrey was "too little, too late" and failed to provide any new information that will help clean up the sport he tarnished through years of cheating, the vice president of the IOC said Friday.A day after stripping Armstrong of his bronze medal from the 2000 Sydney Olympics, the IOC urged the disgraced former Tour de France champion to supply...
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U.S. 'needs tougher child labor rules'

Cristina Traina says in his second term, Obama must address weaknesses in child farm labor standards STORY HIGHLIGHTSCristina Traina: Obama should strengthen child farm labor standardsShe says Labor Dept. rules allow kids to work long hours for little pay on commercial farmsShe says Obama administration scrapped Labor Dept. chief's proposal for tightening rulesShe says Labor Dept. must fix lax standards...
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Exhumation starts for lottery winner poisoned by cyanide

Several helicopters hovered over Rosehill Cemetery on Chicago's North Side this morning as police exhumed the body of a West...
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Sixty foreigners still caught in Sahara hostage crisis

ALGIERS (Reuters) - About 60 foreigners were still being held hostage or missing inside a gas plant on Friday after Algerian forces stormed the desert complex to free hundreds of captives taken by Islamist militants, who threatened to attack other energy installations. The attack, which plunged capitals around the world into crisis mode, is a serious escalation of unrest in northwestern Africa,...
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Jan
17

Wall Street hits five-year high at open on data, eBay

NEW YORK (Reuters) - Stocks hit a five-year high at the open on Thursday after better-than-expected results from online marketplace eBay and as data showed first-time claims for unemployment benefits dropped to a five-year low. The Dow Jones industrial average <.dji> gained 31.80 points, or 0.24 percent, to 13,543.03. The Standard & Poor's 500 Index <.spx> gained 3.67...
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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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Vestas rehiring for tower construction projects

PUEBLO, Colo. (AP) — The Vestas wind energy company plans to hire more than 100 workers to build towers while the industry recovers from a slump that has forced the layoff of hundreds of workers in Colorado.The company said Wednesday it will retool its tower plant in Pueblo to fulfill new contracts that could use up to 25 per cent of the production capacity. The agreement is expected to create more...
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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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Teen killed following Simeon-Morgan Park game; 2 in custody

The Simeon and Morgan Park High School basketball teams ended their game at Chicago State University with a melee between players on the court. (Nuccio DiNuzzo/Chicago Tribune) ...
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Four foreign hostages freed by Algerian army: APS

ALGIERS (Reuters) - Four foreign hostages were freed on Thursday by Algeria's armed forces, the official APS news agency said, giving no further details. A local source has told Reuters six hostages were killed when a vehicle was fired upon by the military. A separate source, in the security services, said earlier that 25 foreigners had escaped. Gunmen said they were initially holding...
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Jan
16

Wall Street off five-year highs, Boeing weighs

NEW YORK (Reuters) - U.S. stocks fell off five-year highs on Wednesday as concerns about global economic growth offset strong bank results and shares of Boeing weighed on the Dow after two Japanese airlines grounded their Dreamliner fleets. Goldman Sachs shares hit an 18-month high as its earnings nearly tripled on increased revenue from dealmaking and lower compensation expenses, while...
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Lance Armstrong may not be done confessing

Lance Armstrong may not be done confessing.His interview with Oprah Winfrey hasn't aired yet, but already some people want to hear more — under oath — before Armstrong is allowed to compete in elite triathlons, a sport he returned to after retiring from cycling in 2011. In addition to stripping him of all seven of his Tour de France titles last year, anti-doping officials banned Armstrong for life...
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Hubble Telescope to Snap 6 New ‘Deep Field’ Views of Universe

The Hubble Space Telescope’s iconic “Deep Field” photo wowed the world in 1996 by revealing a huge collection of galaxies hiding inside a patch of the sky that looked like nothing more than blank space. Now NASA plans to image six more “empty” bits of sky for a whole new set of deep fields that could revolutionize astronomy once again.Hubble captured the Deep Field by staring at the same point over...
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Give Lance another chance?

STORY HIGHLIGHTSMike Downey: I haven't a smidgen of sympathy for the dope "pedaler"Randy Cohen: If many cycling fans are right, most of the top riders engaged in doping Jeff Pearlman: Lance racing again is not truly an option anyway -- he's almost 42 John Hoberman: Any lifting of his lifetime ban should be based on his total cooperation (CNN) -- CNN asked for views on whether disgraced cyclist Lance...
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