"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...

Read More..

Egypt’s Government Apologizes After a Beating Is Televised

Tara Todras-Whitehill for The New York TimesA funeral protest on Saturday in Cairo for Mohammed Hussein Korani, 23, who died Friday night in clashes with the police. More Photos »CAIRO — Egypt’s interior minister offered a rare apology on Saturday after officers under his command were seen on television beating a naked man two blocks from the presidential palace. But under what his family said was...

Read More..

Sony likely to unveil next PlayStation on Feb. 20

NEW YORK (AP) — Sony is poised to unveil the next PlayStation game console on Feb. 20, a date that would give the Japanese electronics company a head start over Microsoft‘s expected announcement of an Xbox 360 successor in June.Sony Corp. invited journalists to an evening press event in New York City. The company has not said what it plans to show off, but signs indicate that it’ll be the PlayStation...

Read More..

Busy Philipps Feels No Pressure to Bounce Back After Baby

David Livingston/GettyBusy Philipps may be willing to dish out style advice to fellow expectant mamas — but she’s not about to start breaking out the postpartum weight loss lectures.Currently pregnant with her second child, the Cougar Town star admits that while her celebrity status opens her up for public scrutiny, she’s not planning a big bounceback after baby.“Like most things in this business,...

Read More..

New rules aim to get rid of junk foods in schools

WASHINGTON (AP) — Most candy, high-calorie drinks and greasy meals could soon be on a food blacklist in the nation's schools.For the first time, the government is proposing broad new standards to make sure all foods sold in schools are more healthful.Under the new rules the Agriculture Department proposed Friday, foods like fatty chips, snack cakes, nachos and mozzarella sticks would be taken out...

Read More..

Wall Street surges to five-year highs; Dow ends above 14,000

NEW YORK (Reuters) - Stocks rose to five-year highs on Friday, with the Dow closing above 14,000 for the first time since October 2007, after jobs and manufacturing data showed the economy's recovery remains on track. The S&P touched its highest since December 2007 after a 5 percent gain in January, which was its best start to a year since 1997. The index is now just about 60 points...

Read More..

Another Reset of Relations With Russia in Obama’s Second Term

MOSCOW — Four years ago, Vice President Joseph R. Biden Jr., used an audience of world leaders at an annual security conference in Munich to propose a “reset” with Russia, the Obama administration’s first big foreign policy statement. But as Mr. Biden arrives in Germany for the same conference this weekend, the United States is quietly adopting a new approach to its old cold war rival: the cold shoulder....

Read More..

Coming soon to Facebook- more action, battle games

SAN FRANCISCO (Reuters) – When nWay began a trial of its dark, sci-fi combat game “ChronoBlade” on Facebook last year, the San Francisco-based startup felt sure it had a hit on its hands.“First of all, what comes is, ‘Wow, I had no idea you could actually do a game of this quality on Facebook,’” said Dave Jones, Chief Creative Officer of nWay, who has worked on “Grand Theft Auto.”Then came some resistance:...

Read More..

Why Warm Bodies Is the Best Zombie Movie in Nearly a Decade

By Alyda Wheat 02/01/2013 at 06:50 PM EST Nicholas Hoult Jonathan Wenk/Summit Entertainment     Do you have any idea how hard it is to be a charming zombie? Think about it: You see a hot girl. Let's call her Julie (Take Me Home Tonight's Teresa...

Read More..

Healthier schools: Goodbye candy and greasy snacks

WASHINGTON (AP) — Goodbye candy bars and sugary cookies. Hello baked chips and diet sodas.The government for the first time is proposing broad new standards to make sure all foods sold in schools are more healthful, a change that would ban the sale of almost all candy, high-calorie sports drinks and greasy foods on campus.Under new rules the Department of Agriculture proposed Friday, school vending...

Read More..

S&P 500 posts biggest monthly gain since October 2011

NEW YORK (Reuters) - Stocks edged lower on Thursday on caution ahead of Friday's all-important jobs report, but the S&P 500 still posted its best monthly gain since October 2011. The benchmark S&P 500 advanced 5.1 percent in January as investors cheered a compromise that temporarily postponed the impact of the "fiscal cliff" and fourth-quarter earnings were better than expected....

Read More..

Sept. 11 Hearing Censorship Ordered Stopped

FORT MEADE, Md. — The military judge overseeing the prosecution of Khalid Shaikh Mohammed and four other detainees accused of aiding the Sept. 11 terrorist attacks ordered the government on Thursday to disconnect the technology that allows offstage censors — apparently including the Central Intelligence Agency — to block a public feed of the courtroom proceedings at Guantánamo Bay, Cuba. ...

Read More..

U.S. tablet shipments soar during holidays, threaten to surpass PCs

SAN FRANCISCO (Reuters) – Apple Inc Chief Executive Tim Cook’s prediction that tablets would one day outsell personal computers appears to be coming true.Holiday season shipments of tablet computers touched a record 52.5 million, up 75 percent from a year ago, as consumers snapped up a wide range of the touch-enabled mobile devices and lower priced offerings, according to International Data Corp (IDC),...

Read More..

Beverley Mitchell Blogs: My Husband Talks to My Baby Through My Belly Button

At 28 weeks along – Courtesy Beverley Mitchell Please give a warm welcome to our newest celebrity blogger, Beverley Mitchell!Best known for her role as Lucy Camden on the long-running drama 7th Heaven, the actress most recently played Kaitlin O’Malley on The Secret Life of the American Teenager.Mitchell, 32, and husband Michael Cameron have announced that they’re expecting their...

Read More..

Hedgehog Alert! Prickly pets can carry salmonella

NEW YORK (AP) — Add those cute little hedgehogs to the list of pets that can make you sick.In the last year, 20 people were infected by a rare but dangerous form of salmonella bacteria, and one person died in January. The illnesses were linked to contact with hedgehogs kept as pets, according to a report released Thursday by the Centers for Disease Control and Prevention.Health officials on Thursday...

Read More..

Wall Street ends lower after Fed statement

NEW YORK (Reuters) - Stocks fell on Wednesday after the Federal Reserve said in its latest statement that economic growth had stalled but indicated the pullback was likely temporary. Stocks were flat for most of the session prior to the Fed statement at the end of a two-day policy meeting. The Fed repeated its pledge to keep purchasing securities until employment improves substantially....

Read More..

The Lede Blog: Germans Press Morsi on Slurs Against Jews as Berlin Marks Somber Anniversary

Last Updated, 7:32 p.m. During a visit to Germany that coincided with somber commemorations of Hitler’s rise to power eight decades ago on Wednesday, Egypt’s president was pressed several times to explain anti-Semitic comments he made in 2010, when he called Israelis “bloodsuckers” and “the descendants of apes and pigs.”As my colleagues Melissa Eddy and Nicholas Kulish report, President Mohamed Morsi...

Read More..

Are Weak Wii U Sales a Bellwether of Shifting Game Demographics?

Nintendo expects to sell fewer Wii U and 3DS units than originally claimed, according to reports this morning. The company says it sold three million Wii U units through December, but slashed its forecast of 5.5 million Wii U units sold by the end of March to just four million in all. On the Wii U software side, Nintendo is now forecasting 16 million units in the same timeframe, a number that’s...

Read More..

Selena Gomez Is 'Really Good' Post-Justin Bieber Split

By Dahvi Shira 01/30/2013 at 06:30 PM EST Girls just wanna have fun – especially single ones!Selena Gomez, 20, isn't following in the footsteps of her ex-boyfriend Justin Bieber, who says he's "not in the happiest place" since the two parted ways. "I've been recording, having a lot of fun with my girlfriends,...

Read More..

Sex to burn calories? Authors expose obesity myths

Fact or fiction? Sex burns a lot of calories. Snacking or skipping breakfast is bad. School gym classes make a big difference in kids' weight.All are myths or at least presumptions that may not be true, say researchers who reviewed the science behind some widely held obesity beliefs and found it lacking.Their report in Thursday's New England Journal of Medicine says dogma and fallacies are detracting...

Read More..