Dollar, euro ease against yen on G7 policy doubts

LONDON (Reuters) - The yen rose against the dollar and the euro on Wednesday as investors reconsidered a G7 statement on exchange rates aimed at soothing concerns of a currency war but instead provoked a fresh bout of volatility. The G7 reaffirmed its commitment to market-determined exchange rates and said that fiscal and monetary policies must not be directed at devaluing currencies...

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No. 8 Michigan State routs No. 4 Michigan 75-52

EAST LANSING, Mich. (AP) — Michigan State has muddled through much of its season, finding ways to win games short on style with gritty substance.The eighth-ranked Spartans, though, showed their potential in an impressive 75-52 win over No. 4 Michigan on Tuesday night in the rivalry's first matchup of top 10 teams."The sky is the limit," guard Keith Appling said.If Michigan State can play anything...

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Obama's chance to lead?

STORY HIGHLIGHTSJohn Avlon: President Barack Obama is well-positioned to help solve debt problemHe says Obama should avoid temptation favored by some Democrats to put off actionRelatively modest changes in entitlements could help ensure their survival, Avlon saysAvlon: Obama can rally his party behind deficit cuts that won't hurt economyEditor's note: John Avlon is a CNN contributor and senior political...

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Dorner case: Human remains found in debris of burned cabin

Charred human remains have been found in the debris of the burned-out Big Bear area cabin where police believe fugitive ex-cop...

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U.S. says to take lead to contain North Korea

SEOUL (Reuters) - U.S. President Barack Obama said North Korea's third nuclear test, in defiance of U.N. resolutions, was a threat and a provocation and that the United States would lead the world in responding. North Korea has said Tuesday's test was an act of self-defense against "U.S. hostility" and threatened stronger steps if necessary. "Provocations of the sort we saw...

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Yen near lows vs dollar, Asian shares ease in subdued trade

TOKYO (Reuters) - The yen hovered near its lows against the dollar and Tokyo stocks jumped closer to a 33-month high on Tuesday after markets took comments from a U.S. official as approval for Japan to pursue anti-deflation policies that weaken the yen. U.S. Treasury Undersecretary Lael Brainard said on Monday the United States supports Japanese efforts to end deflation, but she noted...

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Jayhawks back to winning ways with rout of K-State

LAWRENCE, Kan. (AP) — Bill Self was the first to acknowledge that folks around Kansas had grown spoiled.It's only natural when one of the marquee programs in college basketball, one built upon iconic names such as James Naismith and Phog Allen, rattles off eight consecutive conference championships and throws in another national title along the way.So when the Jayhawks scuffled to three straight losses,...

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Why pope will long be remembered

Tim Stanley says Pope Benedict will be seen as an important figure in church history.STORY HIGHLIGHTSTimothy Stanley: Benedict XVI's resignation is historic since popes usually serve for lifeHe says pope not so much conservative as asserting church's "living tradition" He backed traditionalists, but a conflicted flock, scandal, culture wars a trial to papacy, he saysStanley: Pope kept to principle,...

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Hadiya's dad: 'Thanking God that these two guys are off the streets'

Two reputed gang members were out for revenge from a previous shooting when they opened fire on a group of students in a South...

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North Korea conducts third nuclear test, angering U.S., Japan

SEOUL (Reuters) - North Korea conducted its third nuclear test on Tuesday in defiance of U.N. resolutions, angering the United States and Japan and prompting its only major ally, China, to call for calm. The North said the test had "greater explosive force" than the 2006 and 2009 tests that were widely seen as small-scale. Its KCNA news agency said it had used a "miniaturized" and lighter...

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