"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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NFL's Goodell aims to share blame on player safety

NEW ORLEANS (AP) — NFL Commissioner Roger Goodell wants to share the blame."Safety," he said at his annual Super Bowl news conference, "is all of our responsibilities."Not surprisingly, given that thousands of former players are suing the league about its handling of concussions, the topics of player health and improved safety dominated Goodell's 45-minute session Friday. And he often sounded like...

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Asteroid to Give Earth Record-Setting Close Shave on Feb. 15

An asteroid half the size of a football field will give Earth the ultimate close shave this month, passing closer than many satellites when it whizzes by, but it won’t hit the planet, NASA scientists say.The asteroid 2012 DA14 will fly by Earth on Feb. 15 and zip within 17,200 miles (27, 680 kilometers) of the planet during the cosmic close encounter. The asteroid will approach much closer to Earth...

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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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Asian shares steady; regional PMI data dampens mood

TOKYO (Reuters) - Asian shares were on the defensive on Friday after a series of surveys on factory output signaled a tough outlook for the region's manufacturers, though Japanese equities were a notable exception, logging their longest winning run in 54 years on a weaker yen. European markets are likely to inch higher, with financial spreadbetters predicting London's FTSE 100 <.ftse>,...

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SUPER BOWL WATCH: Beyonce, avocados, practice

NEW ORLEANS (AP) — Around Super Bowl XLVII and its host city with journalists from The Associated Press bringing the flavor and details of everything surrounding the game:___GRIDIRON TO LEMONADE STANDDonald Driver didn't waste much time finding a new job.The Green Bay Packers all-time leading receiver announced his retirement Thursday morning, then helped kids from Junior Achievement sell lemonade...

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Arizona challenges EPA on power plant decision

PHOENIX (AP) — Arizona is challenging a federal decision that requires three coal-fired power plants to upgrade pollution controls.The Arizona Attorney General’s Office asked a federal appeals court Thursday to review the decision from the U.S. Environmental Protection Agency.The EPA partially approved Arizona air quality plan for the Cholla, Coronado and Apache generating stations. But the agency...

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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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Asian shares off highs, Fed's stance weighs on dollar

TOKYO (Reuters) - Asian shares fell slightly on Thursday after rallies to multi-month highs, and longer for some Southeast Asian markets, while the U.S. Federal Reserve's pledge to retain its stimulus policy undermined the dollar. Sentiment in Asian markets remained underpinned, however, by positive factory output data in Japan, and strong gross domestic product reports from Taiwan and...

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Brees wants to bury bounty probe, help New Orleans

NEW ORLEANS (AP) — Drew Brees wore gray sneakers to his first full day of Super Bowl-related appearances — a wise move for an ambassador of a city who had to walk briskly from end to end of a sprawling convention center to make all of his scheduled stops.Not only was the Saints' star quarterback a man on the move, but also ready to move on from the bitterness of the bounty scandal, which may have...

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