"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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Lady Malcolm Douglas-Hamilton Dies at 103; Aided Britain in War

Wide World PhotosLady Malcolm Douglas-Hamilton, then Natalie Latham, in 1941. She started Bundles for Britain. In 1939, Lady Malcolm Douglas-Hamilton, who died on Jan. 14 at 103, had neither that title nor that name. She was Natalie Latham, a fixture of Manhattan society whose beauty drew notice in Vogue magazine. She had achieved a dollop of fame when she and her two young daughters, nicknamed Mimi...

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Nebraska Lieutenant Governor Sheehy resigns over phone scandal

(Reuters) – Nebraska Lieutenant Governor Rick Sheehy, the leading candidate to replace the current governor in the next election, resigned on Saturday after a newspaper investigation raised questions about improper cell phone calls made to women.The Omaha World-Herald investigation found that the 53-year-old Republican made about 2,000 late-night calls to four women, other than his wife, on his state-issued...

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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,...

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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...

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"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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Proposed Rules for Japan’s Nuclear Industry Called Too Strict

TOKYO — Proposed new safety guidelines for Japan’s nuclear industry — strict enough that they could keep reactors shuttered for years for emergency upgrades — have set off intense political maneuvering by those who say the regulations will cripple business just as hopes were rising for economic relief. The relatively stiff requirements by a panel that included nuclear power supporters appeared...

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BlackBerry chooses more traditional route to drum up buzz over Super Bowl ad

TORONTO – After a week of massive hype for its new smartphones, BlackBerry has decided to remain secretive about its Super Bowl commercial in an effort to squeeze every bit of juice out of the pricey advertising campaign.The Waterloo, Ont.-based company, formerly known as Research In Motion (TSX:RIM), released a single frame of the 30-second TV spot on Friday, without any explanation of what it was,...

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Jenna Miscavige Hill Pens Revealing Scientology Book

02/01/2013 at 08:00 PM EST Jenna Miscavige and her uncle David inset Michael Murphree; Inset: Polaris What was it like to grow up inside Sea Org, the Church of Scientology's most elite body? In her memoir Beyond Belief, excerpted exclusively below, Jenna Miscavige...

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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...

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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....

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Xu Liangying, 92, Scientist and Democracy Advocate

Xu Liangying, a scientist and an advocate of democracy in China who was renowned for translating the works of Albert Einstein while banished to the countryside for denouncing Mao Zedong’s purge of intellectuals, died on Monday in Beijing. He was 92. His son Xu Chenggang confirmed the death. In a life that spanned many of the convulsions of 20th-century China, Mr. Xu evolved from an...

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BSkyB to offer sports channels online for daily fee

LONDON (Reuters) – BSkyB will offer its popular sports channels online for a daily fee, seeking new customers to offset slowing growth at its core pay-TV service amid sluggish consumer spending.Sky, Britain’s dominant pay-TV group which provides fixed-line telephony, TV and broadband to 10.7 million households, has adapted its strategy during the economic downturn after years of chasing new subscribers...

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Steven Tyler Auditions in Drag for American Idol

TV Watch American Idol By Steve Helling 01/31/2013 at 10:35 PM EST Steven Tyler sings before the AFC Championship NFL football game, Jan, 22, 2012 Elise Amendola/AP Former judge Steven Tyler made a surprise cameo on American Idol Thursday night – dressed as a woman....

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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...

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Asian shares off highs, Fed's stance underpins markets

TOKYO (Reuters) - Asian shares took a breather from recent rallies on Thursday though sentiment was underpinned by the U.S. Federal Reserve's pledge to retain its stimulus policy and on signs of stabilization in the euro zone. Positive economic reports from Asia failed to lift markets as investors continued to assess regional earnings results and ahead of key data such as China's official...

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World Briefing | Asia: Factory Owners Arrested in Bangladesh

The Bangladeshi police have arrested two owners of a factory that caught fire last week, resulting in the deaths of seven workers, in the latest blaze to strike the country’s garment export industry. Late Tuesday night, the police arrested Sharif Ahmed, chairman of Smart Export Garments, and his colleague, M. D. Zakir Ahmed. The Smart Export factory was manufacturing clothing for several European...

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RIM rebrands as BlackBerry; launches nifty new devices

NEW YORK (Reuters) – Research In Motion Ltd on Wednesday unveiled the long-delayed line of smartphones it hopes will put it on the comeback trail, but it disappointed investors by saying U.S. sales of its all-new BlackBerry 10 devices will not start until March, sending its share price tumbling 12 percent.Chief Executive Thorsten Heins also announced that RIM was abandoning the name it has used since...

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Jason London Suffered 'Brutal Attack' While Being Arrested: Rep

By Maggie Coughlan and Ken Lee 01/30/2013 at 08:30 PM EST After being arrested following a bar fight in Scottsdale, Ariz., over the weekend, Jason London insists the incident isn't what it seems."The details of the events leading up to the incident are still being worked out with the help of many eyewitness...

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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...

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Chesapeake CEO McClendon steps down after year of tumult

(Reuters) - Chesapeake Energy Corp said on Tuesday that Aubrey McClendon will step down as chief executive after a tumultuous year in which a series of Reuters investigations triggered civil and criminal probes of the second-largest U.S. natural gas producer. News of the executive's plan to depart on April 1 boosted the company's shares by 9 percent. The stock has made a partial recovery...

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