Wall Street Week Ahead: Bears hibernate as stocks near record highs

NEW YORK (Reuters) - Stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The bearish case is a difficult one to make right now. Earnings have exceeded expectations, the housing and labor markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of 2012, and money has returned to stock...

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Armstrong meeting with USADA appears unlikely

AUSTIN, Texas (AP) — Lance Armstrong's lawyers say the cyclist will talk more about drug use in the sport, just likely not to the U.S. Anti-Doping Agency that led the effort to strip him of his Tour de France titles.In a testy exchange of letters and statements revealing the gulf between the two sides, USADA urged Armstrong to testify under oath to help "clean up cycling."Armstrong's attorneys responded...

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Of Course Apple Is No Longer the World’s Most Valuable Company

Apple‘s terrible, horrible, no good, historically bad day on the markets Thursday has spilled over into Friday, with Apple ceding back to Exxon Mobil the title of the most valuable company in the world. On the second day following Apple’s latest earnings report, which led to a massive stock drop-off, the divide arrived again: As of midday, Apple’s market cap had faded to $ 414.49 billion, while...

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Police and protesters clash in Egypt, army sent to Suez

CAIRO (Reuters) - Egyptian protesters scuffled with police in Cairo on Saturday and troops were deployed in Suez after nine people were shot dead in nationwide protests against President Mohamed Mursi, exposing deep rifts two years after Hosni Mubarak was ousted. After a day of clashes on Friday, tension remained high with a court expected to rule later on Saturday in a case against suspects...

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Euro jumps ahead of ECB loan repayments

LONDON (Reuters) - The euro hit an 11-month high and European shares dipped on Friday as markets braced for news on how much banks will repay of the one trillion euros in European Central Bank crisis funds that have been keeping them afloat. Data due showing whether Britain is heading for its third recession since the financial crisis began and on German business sentiment was also in...

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Voice of Te'o prankster? Couric plays voicemails

NEW YORK (AP) — The person Manti Te'o says was pretending to be his online girlfriend told the Notre Dame linebacker "I love you" in voicemails that were played during his interview with Katie Couric.Taped earlier this week and broadcast Thursday, the hour-long talk show featured three voicemails that Te'o claims were left for him last year. Te'o said they were from the person he believed to be Lennay...

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NASA Joins European Dark Energy Mission

NASA has officially joined the European Space Agency‘s Euclid mission, a space telescope that will launch in 2020 to study the mysterious dark matter and dark energy pervading the universe.NASA will contribute 16 infrared detectors and four spares for one of the Euclid telescope’s two planned science instruments, agency officials announced today (Jan. 24). NASA has also nominated 40 new members for...

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Where is aid for Syria going?

STORY HIGHLIGHTSThe U.S. ambassador to Syria says the U.S. has provided $210 million in humanitarian aidThe assistance has to be discrete, he said, to protect workers from being targetedWashington has also provided $35 million worth of assistance to Syria's political oppositionAmbassador: We can help, but it's up to Syrians to find their way forward(CNN) -- It has been more than a year since the United...

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Soccer coach suspended in Maine West hazing case

Another soccer coach linked to hazing allegations on athletic teams at Maine West High School has been suspended without pay...

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North Korea threatens war with South over U.N. sanctions

SEOUL (Reuters) - North Korea threatened to attack rival South Korea if Seoul joined a new round of tightened U.N. sanctions, as Washington unveiled more of its own economic restrictions following Pyongyang's rocket launch last month. In a third straight day of fiery rhetoric, the North directed its verbal onslaught at its neighbor on Friday, saying: "'Sanctions' mean a war and a declaration...

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Shares dip as investors brace for euro zone data

LONDON (Reuters) - European shares weakened on Thursday as investors braced for the year's first reading on euro zone business activity for 2013 after data showed that France, the region's second-biggest economy, may be in recession. Markets are hoping for a modest improvement in the estimates for manufacturing and service sector activity across the euro area for January, due later, to...

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Defending champ Azarenka into final against Li

MELBOURNE, Australia (AP) — Victoria Azarenka overcame some anxiety, a sore left knee, and a slew of frustrating forehand errors before fending off American teenager Sloane Stephens to reach the Australian Open final against Li Na.For the second time in two days, 19-year-old Stephens sat patiently in a courtside chair late in the second set while an experienced, older player took a medical timeout.On...

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Close Encounter of Jupiter and Moon Wows Stargazers

A night sky meeting of Jupiter and the moon, called a conjunction, amazed skywatchers around the world last night (Jan. 21).The waxing gibbous moon and Jupiter — the two brightest objects in last night’s sky — appeared to be almost touching for part of the night before the moon crept below and past the gas giant, continuing on in its orbit.Judging by the reactions of SPACE.com readers, the celestial...

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Benghazi blame-game is useless

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Bulls rally to beat Pistons 85-82

As the United Center rocked and the Bulls celebrated Marco Belinelli's go-ahead, three-point play with 7.5 seconds left, Joakim...

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North Korea to target U.S. with nuclear, rocket tests

SEOUL (Reuters) - North Korea said on Thursday it would carry out further rocket launches and a nuclear test that would target the United States, dramatically stepping up its threats against a country it called its "sworn enemy". The announcement by the country's top military body came a day after the U.N. Security Council agreed to a U.S.-backed resolution to censure and sanction North...

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European shares edge up as economic sentiment improves

LONDON (Reuters) - European stocks edged toward 22 month highs on Wednesday, driven by upbeat corporate earnings, an easing in fears about the U.S. hitting its debt ceiling and a better outlook for the global economy. Strong investor confidence data from Germany, Japan's plans to shore up the world's third largest economy, and improving economic numbers this month from the world's top...

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