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...
Feb
02
The Lede Blog: Two Iranian Space Monkeys Got Confused, an Official Says
Label: WorldA senior official at Iran’s space agency confirmed on Saturday that state media reports on the launching of a monkey into the thermosphere had used images of two different monkeys. The official insisted, however, that the monkey had survived the journey and that Iran was not trying to cover up a failed flight.As The Lede explained on Friday, doubts about Iran’s claim that the monkey had survived the...
Sony likely to unveil next PlayStation on Feb. 20
Label: TechnologyNEW 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...
New rules aim to get rid of junk foods in schools
Label: HealthWASHINGTON (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...
"Great Rotation"- A Wall Street fairy tale?
Label: BusinessNEW 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...
Feb
01
Novella’s Sympathetic Portrayal of Armenians Causes Uproar in Azerbaijan
Label: WorldBAKU, Azerbaijan —A novella by an Azeri author that portrays ethnic Armenians sympathetically has provoked an uproar in Azerbaijan, with Azeri lawmakers denouncing the work and protesters burning the author’s portrait outside his house. The novella, “Stone Dreams,” was published in mid-December by Ekrem Eylisli, a former lawmaker, but condemnation grew strident only over the last week, after...
Coming soon to Facebook- more action, battle games
Label: TechnologySAN 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:...
It's True! Baby on the Way for Penélope Cruz & Javier Bardem
Label: Lifestyle Mom & Babies Celebrity Baby Blog 02/01/2012 at 06:00 PM ET George Pimentel/WireImage Penélope Cruz and Javier Bardem are set to double down on parenthood.The actors, who have a 2-year-old son, Leonardo, are expecting their second child together, PEOPLE confirms.“Nature is very wise and gives you...
Healthier schools: Goodbye candy and greasy snacks
Label: HealthWASHINGTON (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...
Wall Street surges to five-year highs; Dow ends above 14,000
Label: BusinessNEW 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...
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