"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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Why is Beckham sitting on the bench for nothing?

PARIS (AP) — David Beckham has won league championships in three countries on two continents, earns millions of dollars in endorsements and his name is practically synonymous with celebrity itself. He has his own cologne, for goodness sake. So why is he even bothering to sit on the bench for the Paris Saint-Germain football club?His royal highness of football doesn't need the money — and he's said...

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Chevron profit up on asset exchange, refineries

NEW YORK (AP) — Chevron Corp. posted a 41 percent gain in net income for the fourth quarter as the company produced more oil and gas, improved the performance of its refinery business and realized a gain from swapping assets in an Australian natural gas field.Chevron Corp. posted net income of $ 7.2 billion for the quarter on revenue of $ 60.6 billion. That’s up from $ 5.1 billion on revenue of $...

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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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Suicide bomber kills guard at U.S. embassy in Turkey

ANKARA (Reuters) - A far-leftist suicide bomber killed a Turkish security guard at the U.S. embassy in Ankara on Friday, officials said, blowing open an entrance and sending debris flying through the air. The attacker detonated explosives strapped to his body after entering an embassy gatehouse. The blast could be heard a mile away. A lower leg and other human remains lay on the street....

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Euro gains but shares steady before economic data

LONDON (Reuters) - The euro hit a fresh 14-month high on Friday as investors returned to the region's riskier asset markets, while shares steadied ahead of a batch of major U.S. and European economic data. The euro hit a high of $1.3634 to the dollar, building on gains of over 3 percent in January, as the European Central Bank prepared to reveal how much more of its three-year emergency...

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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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ODOT crews prepare for wintry weather

CLEVELAND – ODOT had all of its crews on the roadways on Thursday, monitoring conditions as 6 to 12 inches of snow is predicted to fall across the snowbelt in the next 48 hours.The crews are working 12-hour shifts throughout the weekend to make sure roads are driveable.ODOT officials are asking motorists to give their highway technicians room to do their jobs. They said you should stay at least 500...

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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) - A powerful explosion rocked the Mexico City headquarters of state-owned oil giant Pemex on Thursday, killing at least 25 people, injuring more than 100 and trapping others inside. The mid-afternoon blast in a neighboring building shattered the lower floors of the downtown tower, throwing debris into the streets and sending frightened workers running outside. ...

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German jitters hit European shares, euro

LONDON (Reuters) - European shares fell for a second straight day and the euro slid on Thursday, 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 pullback...

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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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Wild Weather On The Way

By Carol EricksonPHILADELPHIA (CBS) – The weather needs a new calendar. It’s acting like April even though we are deep into winter.This afternoon temperatures reached the upper 60′s in advance of a cold front so strong that it could pull warmth to that level into the area.Tonight the warm and cold air fight it out, with our area on the receiving end of heavy rain and strong, gusty winds.A flash flood...

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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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