Defensive stocks extend rally as caution sets in

NEW YORK (Reuters) - Stocks rose on Tuesday, led by defensive sectors, in a sign the cash piles moving into the market recently are being put to use by cautious investors to pick up more gains. The S&P 500 is on track to post its best monthly performance since October 2011 as investors poured $55 billion in new cash into stock mutual funds and exchange-traded funds in January, the...

Read More..

Violence flares in Egypt after emergency law imposed

CAIRO (Reuters) - A man was shot dead on Monday in a fifth day of violence that has killed 50 Egyptians and prompted the Islamist president to declare a state of emergency in an attempt to end a wave of unrest sweeping the biggest Arab nation. Emergency rule announced by President Mohamed Mursi on Sunday covers the cities of Port Said, Ismailia and Suez. The army has already been deployed...

Read More..

Siemens picks banks for two disposals: sources

FRANKFURT (Reuters) – Siemens AG has picked banks to organize the sale of two units as part of its efforts to streamline operations and stay competitive in a weak global economy, people familiar with the matter said.Goldman Sachs Group Inc will advise the German conglomerate on the sale of its Water Technologies units, while Rothschild will oversee the divestment of its smaller security products arm,...

Read More..

Barbara Walters Has Chicken Pox

TV Watch 01/28/2013 at 12:40 PM EST Barbara Walters Mark VonHolden/DMIPhoto.com/FilmMagic While much of Hollywood is suffering from the flu, Barbara Walters has come down with the chicken pox.The View host was hospitalized after injuring her head in a fall during...

Read More..

Soldier who lost 4 limbs has double-arm transplant

The first soldier to survive after losing all four limbs in the Iraq war has received a double-arm transplant in Baltimore.His father says Brendan Marrocco (muh-ROCK-oh) had the operation on Dec. 18 at Johns Hopkins Hospital. Marrocco is 26 and lives in New York City. He was injured by a roadside bomb in 2009.He also received bone marrow from the same dead donor who supplied his new arms. That novel...

Read More..

S&P 500 dips after rally, but Apple lifts Nasdaq

NEW YORK (Reuters) - The Standard & Poor's 500 edged lower on Monday as a four-week rally stalled, while a rebound in Apple shares helped buoy the Nasdaq. Caterpillar shares helped cap losses in the Dow industrials after the heavy equipment maker's outlook eased investors' fears about an economic slowdown in China. Caterpillar's shares rose 2.1 percent to $97.61. The...

Read More..

Nightclub fire kills at least 232 in Brazil

SANTA MARIA, Brazil (Reuters) - A fire in a nightclub killed at least 232 people in southern Brazil on Sunday when a band's pyrotechnics show set the building ablaze and fleeing partygoers stampeded toward blocked and overcrowded exits in the ensuing panic, officials said. The blaze in the university town of Santa Maria was started by a band member or someone from its production team...

Read More..

Predict the SAG Award Winners!

Facebook Tweet Facebook Tweet Take our nominees poll, and download a printable ballot here Pollscompleted: ...

Read More..

CDC: Flu seems to level off except in the West

New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very...

Read More..

Scandal-hit Monte Paschi seeks new investor to revive bank

MILAN (Reuters) - Italian bank Monte dei Paschi di Siena is seeking a financial investor to help revive the ailing lender and will remove a current cap on voting rights to help raise 1 billion euros ($1.3 billion), its chairman said. "I would like to have a long-term financial investor," Alessandro Profumo told Italian business daily Il Sole 24 Ore in an interview published on Sunday....

Read More..