Investors face another Washington deadline

NEW YORK (Reuters) - Investors face another Washington-imposed deadline on government spending cuts next week, but it's not generating the same level of fear as two months ago when the "fiscal cliff" loomed large. Investors in sectors most likely to be affected by the cuts, like defense, seem untroubled that the budget talks could send stocks tumbling. Talks on the U.S. budget...

Read More..

Oscar Pistorius gets bail as murder trial looms

PRETORIA, South Africa (AP) — Oscar Pistorius walked out of court Friday — free at least for now — after a South African magistrate released him on bail, capping four days of often startling testimony that foreshadowed a dramatic trial in the Valentine's Day slaying of his girlfriend.But as he was driven away, chased by photographers and cameramen, questions continued to hound the double-amputee Olympian...

Read More..

Analysis: Italian election explained

Austerity-hit Italy chooses new leaderAusterity-hit Italy chooses new leaderAusterity-hit Italy chooses new leaderAusterity-hit Italy chooses new leaderSTORY HIGHLIGHTSSilvio Berlusconi is campaigning to win his old job back for the fourth timeThe eurozone's third largest economy is hurting, with unemployment surpassing 11%Pier Luigi Bersani of the center-left Democratic Party is expected to narrowly...

Read More..

Drew Peterson: 'I don't do well in incarceration'

With a 38-year sentence at age 59, Drew Peterson most likely will spend the rest of his life in prison.The former Bolingbrook...

Read More..

Abe vows to revive Japanese economy, sees no escalation with China

WASHINGTON (Reuters) - Japanese Prime Minister Shinzo Abe told Americans on Friday "I am back and so is Japan" and vowed to get the world's third biggest economy growing again and to do more to bolster security and the rule of law in an Asia roiled by territorial disputes. Abe had firm words for China in a policy speech to a top Washington think-tank, but also tempered his remarks by...

Read More..

Stock index futures signal a rebound

LONDON (Reuters) - Stock index futures pointed to a higher open on Wall Street on Friday, rebounding after the S&P 500 <.spx> posted its worst two-day loss since November. Futures for the S&P 500, the Dow Jones and the Nasdaq 100 were up 0.2-0.3 percent at 0958 GMT. European shares rose and German Bund futures fell on Friday after a better-than-expected German...

Read More..

Obama a marker on post-racial path

Donna Brazile says Black History Month is a time to note crossroads the nation has faced. STORY HIGHLIGHTSDonna Brazile: Black History Month themed crossroads, "tied to two pivotal U.S. eventsEmancipation Proclamation, March on Washington were crossroads, she saysShe says crossroad decisions are threaded along U.S. road to post-racial societyBrazile: We're not there yet, but re-election of Obama a...

Read More..

Snow turning to drizzle during morning commute - ice expected

...

Read More..

Shares, euro extend losses as Europe recovery hopes dim

LONDON (Reuters) - European shares and the single currency fell sharply on Thursday when surprisingly weak euro zone economic data dashed hopes of an early recovery for the recession-hit region this year. Economists had forecast the euro zone purchasing managers' indexes (PMIs), based on surveys of business activity, would add to tentative signs a recovery was under way, but instead they...

Read More..

Prosecutors: Detective should be dropped from case

PRETORIA, South Africa (AP) — South Africa's National Prosecuting Authority acknowledged that the timing of attempted murder charges against a police detective leading the investigation into Oscar Pistorius is "totally weird" and that he should dropped from the case against the world-famous athlete.Bulewa Makeke, spokeswoman for the NPA, said Thursday that detective Hilton Botha should be replaced,...

Read More..

How secure is the papal election?

The Conclave of Cardinals that will elect a new pope will meet in the Sistine Chapel in Vatican City. STORY HIGHLIGHTSBruce Schneier: Rules for picking a new pope are very detailedHe says elaborate precautions are taken to prevent election fraudEvery step of the election process is observed by people who know each otherSchneier: Vatican's procedures, centuries in the making, are very secureEditor's...

Read More..

Tribune exclusive: 'We were just regular parents who were slapped in the face'

The parents of slain teen Hadiya Pendleton talk about her life...

Read More..

French hostages seized in Cameroon found safe: report

PARIS (Reuters) - Seven French hostages kidnapped in Cameroon have been found alive in a house in northern Nigeria and are safe with Nigerian authorities, French television reported on Thursday. The hostages, four children and three adults, were captured by Islamist militants this week while on a tourist excursion to the Waza national park near the Nigerian border with Cameroon. ...

Read More..

Stock index futures signal more gains

LONDON (Reuters) - U.S. stock index futures pointed to a slightly firmer open on Wall Street on Wednesday, with futures for the S&P 500 and Dow Jones 0.1 percent higher at 0936 GMT, while those for the Nasdaq 100 added 0.2 percent. U.S. producer prices, housing starts and building permits for January are all due at 1330 GMT, with the data expected to show a slight acceleration in...

Read More..

Police oppose bail for Pistorius

PRETORIA, South Africa (AP) — Killing suspect Oscar Pistorius is a flight risk and should not be granted bail, South African police argued in court Wednesday.Pistorius is charged with premeditated murder for the Valentine's Day shooting death of girlfriend Reeva Steenkamp with a 9 mm pistol.Pistorius asserted in a court affidavit Tuesday that the shooting was accidental and he thought the model was...

Read More..

Obama can't kick his legacy down road

By Gloria Borger, CNN Chief Political AnalystFebruary 19, 2013 -- Updated 2122 GMT (0522 HKT)President Obama has a small window of opportunity to get Congress to act on his priorities, Gloria Borger says.STORY HIGHLIGHTSGloria Borger: Prospect of deep budget cuts was designed to compel compromiseShe says the "unthinkable" cuts now have many supportersThe likelihood that cuts may happen shows new level...

Read More..