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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Te'o tells ESPN: Not involved in creating hoax

NEW YORK (AP) — Notre Dame linebacker Manti Te'o insisted he had no role in the bizarre hoax involving his "dead" girlfriend and told ESPN on Friday night that he was duped by a person who has since apologized to him.In an off-camera interview Friday with ESPN, Te'o said Ronaiah Tuiasosopo, a 22-year-old acquaintance who lives in California, contacted him two days ago and confessed to the prank. Deadspin.com...

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Daddy’s Sexism May Influence Daughter’s Ambitions

NEW ORLEANS — Dads who have egalitarian ideas about gender — and who walk the talk by doing household chores themselves — have daughters with higher workplace ambitions than less egalitarian fathers do, new research finds.The research is correlational, so it doesn’t prove that fathers’ attitudes are the cause their young daughters’ work aspirations. But the research may suggest that girls look to...

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Why Africa backs French in Mali

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2 shot to death in separate attacks on South, West sides

Two men were shot to death in separate attacks within about 15 minutes of each other, one in Austin and one in Back of the Yards,...

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Foreigners still trapped in Sahara hostage crisis

ALGIERS/IN AMENAS, Algeria (Reuters) - More than 20 foreigners were captive or missing inside a desert gas plant on Saturday, nearly two days after the Algerian army launched an assault to free them that saw many hostages killed. The standoff between the army and al Qaeda-linked gunmen - one of the biggest international hostage crises in decades - entered its fourth day, having thrust...

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Chinese, U.S. data push global shares to twenty-month high

LONDON (Reuters) - World shares hit a 20-month high on Friday as encouraging data from the United States and China boosted prospects for the global economy, while the yen hit new lows ahead of next week's Bank of Japan meeting. China's economy grew at a slightly faster-than-expected 7.9 percent in the fourth quarter of 2012, the latest sign it is pulling out of a post-global financial...

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Armstrong admits doping: 'I'm a flawed character'

CHICAGO (AP) — He did it. He finally admitted it. Lance Armstrong doped.He was light on the details and didn't name names. He mused that he might not have been caught if not for his comeback in 2009. And he was certain his "fate was sealed" when longtime friend, training partner and trusted lieutenant George Hincapie, who was along for the ride on all seven of Armstrong's Tour de France wins from...

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Interior Secretary Ken Salazar leaving Cabinet

WASHINGTON (AP) — Interior Secretary Ken Salazar, who oversaw a moratorium on offshore drilling after the BP oil spill and promoted alternative energy sources throughout the nation, will step down in March.Salazar, a former Colorado senator, has run the Interior Department throughout President Barack Obama‘s first term and pushed renewable power such as solar and wind and the settlement of a longstanding...

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Why 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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Quinn to name former prosecutor Fitzgerald to UI board

Gov. Pat Quinn will name former U.S. Attorney Patrick Fitzgerald to the University of Illinois Board of Trustees, the Tribune...

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Foreigners still missing after Sahara hostage assault

ALGIERS (Reuters) - At least 22 foreign hostages remained unaccounted for on Friday after Algerian forces stormed a desert gas complex to free hundreds of captives taken by Islamist gunmen, an operation in which dozens of the hostages were killed. With Western leaders clamoring for details of the assault they said Algeria had launched on Thursday without consulting them, a local source...

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European shares retreat on corporate worries, growth outlook

LONDON (Reuters) - European shares edged down on Thursday as concerns grow over the outlook for growth and corporate earnings, while oil prices gained support after Islamist militants attacked an Algerian gas field. Worries about the global economic outlook have revived since the World Bank cut its 2013 forecast for global growth to 2.4 percent from its previous estimate of 3 percent,...

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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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PTC Extension Not Enough to Save Some Wind Industry Jobs

According to the Institute for Energy Research , in spite of the New Year’s Day one-year extension granted to the Production Tax Credit for wind energy as part of the fiscal cliff bill, some employee layoffs and wind project cancellations continue. Here are the details.* Regardless of the Production Tax Credit extension, the institute stated this week, wind power is reaching a saturation point for...

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Scientology ad crossed the 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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