"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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Secret Video Shows Bomb Dogs Failing Tests

A new government investigation suggests that the Transportation Security Administration is not collecting enough detailed information to know if its bomb dogs are well trained and capable of finding bombs at the nation’s airports, and includes secret video that shows the dogs failing tests to detect explosives.TSA has been testing bomb dogs in Miami and Oklahoma City and will be testing them at Dulles...

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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

A bike lies abandoned in the snow near the spot where a 22-year-old man was found fatally shot Friday night. ...

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Thirty-one 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 31 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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Chevron to realign its gas and midstream business

SAN RAMON, Calif. (AP) — Chevron Corp. said Thursday that it will realign its gas and midstream business by consolidating its supply and trading functions into a single group.Chevron‘s downstream business previously oversaw the company’s trading operations for crude oil and refined products, while the gas and midstream business handled Chevron’s natural gas and liquefied natural gas trading operations.Chevron...

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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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Explosion at Mexican oil giant Pemex headquarters 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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German jitters hit European shares, euro

LONDON (Reuters) - European shares fell for a second straight day and the euro halted its recent rally, as weak German retail sales and poor earnings at its biggest bank added to investors' nerves after a shock fourth quarter contraction in the U.S. economy. Data on Wednesday showed U.S. GDP slipped back 0.1 percent, though the country's central bank, the Federal Reserve, indicated the...

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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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Rocket blasts off with new NASA communications satellite

CAPE CANAVERAL, Florida (Reuters) – An unmanned Atlas 5 rocket blasted off on Wednesday to put the first of a new generation of NASA communications satellites into orbit, where it will support the International Space Station, the Hubble Space Telescope and other spacecraft.The 191-foot (58-metre) rocket lifted off at 8:48 p.m. (0148 GMT Thursday), the first of 13 planned launches in 2013 from the...

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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 surges to 14-month high, Fed decision awaited

LONDON (Reuters) - The euro hit its highest level in over a year on Wednesday and shares, oil and metals were also on the rise, as confidence in the global economic outlook strengthened ahead of European data and the U.S. Federal Reserve's latest policy decision. The Fed is expected to maintain asset buying at $85 billion a month when it concludes its meeting later and retain its commitment...

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