Quest: U.S. economy to dominate Davos

The United States and the sorry state of its political and budgetary process will be the center of attention at Davos, writes QuestSTORY HIGHLIGHTSQuest: Davos is a chance to see where the political and economic landmines are in 2013Quest: People will be speculating about how dysfunctional the U.S. political process has becomeQuest: Davos has been consumed by eurozone sovereign debt crises for three...

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Reddit co-founder Aaron Swartz dies from suicide

Even as an eighth-grader in Winnetka, Aaron Swartz showed signs of the computer wizardry that would lead to his Internet activism...

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Russia rejects Assad exit as precondition for Syria deal

MOSCOW/BEIRUT (Reuters) - Russia voiced support on Saturday for international peace envoy Lakhdar Brahimi but insisted Syrian President Bashar al-Assad's exit cannot be a precondition for a deal to end the country's conflict. Some 60,000 Syrians have been killed during the 21-month-old revolt and world powers are divided over how to stop the escalating bloodshed. Government aircraft bombed...

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Wall Street Week Ahead: Attention turns to financial earnings

NEW YORK (Reuters) - After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street. The first full week of earnings season is dominated by the financial sector - big investment banks and commercial banks - just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets. ...

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Durant's 42 helps send Lakers to 6th straight loss

LOS ANGELES (AP) — Kevin Durant hit a 3-pointer in the final second of the first half and did a full reverse somersault to celebrate a 16-point lead. The Thunder were running the Lakers out of their own building, and not even Kobe Bryant could stop them.Oklahoma City is again clearly among the best teams in the Western Conference, and the struggling Lakers may not have enough time left in the season...

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California cold snap threatens citrus crop, strands motorists

LOS ANGELES (Reuters) – An Arctic air mass sent temperatures plunging across California, forcing the 17-hour closure of a key interstate highway through the mountains north of Los Angeles and threatening citrus crops in the state’s vast central valleys, authorities said on Friday.Temperatures throughout the state fell by as much as 20 degrees Fahrenheit (11 degrees Celsius) below normal, allowing...

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Saudi execution: Brutal and illegal?

STORY HIGHLIGHTSSaudi authorities beheaded Rizana Nafeek, a Sri Lankan womanShe was convicted of killing a baby of the family employing her as a housemaidThis was despite Nafeek's claims that the baby died in a choking accidentBecker says her fate "should spotlight the precarious existence of domestic workers"Jo Becker is the Children's Rights Advocacy Director for Human Rights Watch and author of...

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14-year-old boy killed on West Side

A police photographer photographs the front porch where a 14-year-old boy was fatally shot Friday night. ...

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Obama, Karzai accelerate end of U.S. combat role in Afghanistan

WASHINGTON (Reuters) - President Barack Obama and Afghan President Hamid Karzai agreed on Friday to speed up the handover of combat operations in Afghanistan to Afghan forces, raising the prospect of an accelerated U.S. withdrawal from the country and underscoring Obama's determination to wind down a long, unpopular war. Signaling a narrowing of differences, Karzai appeared to give ground...

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Asian shares, Brent retreat after China CPI; yen slides

LONDON (Reuters) - European shares consolidated close to two year highs on Friday after Europe's Central Bank expressed cautious optimism on the euro zone's prospects. Strong Chinese trade data on Thursday also helped lift economists' expectations of a steady global recovery this year, although a pick-up in Chinese inflation on Friday prompted profit-taking on Asia shares outside Japan...

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