"Cliff" concerns give way to earnings focus

NEW YORK (Reuters) - Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week. Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter's lackluster results. As a warning sign, analyst current...

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Saban: Alabama players must put aside 'clutter'

MIAMI (AP) — Two days after team leaders held a players-only meeting, Alabama coach Nick Saban says the Crimson Tide's performance in Monday's BCS championship against Notre Dame will show a lot about whether his players have put aside the "clutter" that comes with their success."You fight against human nature a little bit," Saban said Saturday at media day for the title game.In the past, Saban has...

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Laser Folds Tiny Origami for US Army

Lasers could help fire weapons or set off explosive warheads for the U.S. Army in the near future. That possibility comes from a lab demonstration of how a simple, handheld laser can fold tiny metallic structures in a style that mimics Japanese origami.The demonstration suggests that similar systems could produce tiny grippers and switches that would act as mechanical components in small devices....

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Jail escapee appears in court, ordered held without bond

Chicago Tribune reporter Jason Meisner on the recent arrest of Kenneth Conley, a convicted bank robber who escaped from federal jail in December. (Posted on: Jan. 4, 2013.) ...

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Venezuela lawmakers elect Chavez ally as Assembly chief

CARACAS (Reuters) - Venezuelan lawmakers re-elected a staunch ally of Hugo Chavez as leader of the National Assembly on Saturday, putting him in line to be caretaker president if the socialist leader does not recover from cancer surgery. By choosing the incumbent, Diosdado Cabello, the "Chavista"-dominated legislature cemented the combative ex-soldier's position as the third most powerful...

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Wall Street inches up after data; Apple extends fall

NEW YORK (Reuters) - U.S. stocks edged higher on Friday and the S&P 500 was on track for its biggest weekly gain in over a year after a jobs report showed employers kept the pace of hiring steady in December. The S&P 500 index's weekly gain would be its largest since December 2011. The index recorded the largest daily gain in more than a year on Wednesday following the "fiscal...

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Chiefs, GM Pioli part ways after 4 seasons in KC

KANSAS CITY, Mo. (AP) — Scott Pioli is out as general manager of the Kansas City Chiefs, who have been negotiating the past two days with Andy Reid to become their next coach.Pioli and the team "mutually parted ways," the Chiefs said in a statement Friday. The decision came after four tumultuous seasons marked by poor draft choices, ineffective free-agent moves, failed coaching hires and a growing...

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Myanmar: Evolution, not revolution

Tourists walk around the Shwedagon Pagoda in Yangon in April. The tourism industry is set for expansion.STORY HIGHLIGHTSMyanmar is undergoing incremental change, welcomed by all, says Parag KhannaBut he says people still tread lightly, careful not to overstep or demand too muchMyanmar has survived succession of natural and man-made ravages, Khanna addsWith sanctions lifted, foreign investment is now...

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Judge: No felony for dad in Facebook posting

Andre Curry, 22, talks about his felony conviction for posting...

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Abbas sees Palestinian unity as Fatah rallies in Gaza

GAZA (Reuters) - President Mahmoud Abbas predicted the end of a five-year split between the two big Palestinian factions as his Fatah movement staged its first mass rally in Gaza with the blessing of Hamas Islamists who rule the enclave. "Soon we will regain our unity," Abbas, whose authority has been limited to the Israeli-occupied West Bank since the 2007 civil war between the two factions,...

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Wall Street rises after post-cliff deal rally

NEW YORK (Reuters) - Stocks edged up on Thursday, adding to Wall Street's biggest single-day rally in a year on Wednesday after a deal in Washington to avert the "fiscal cliff." Investors were more wary than in the previous sessions as they turned their focus to upcoming battles in Congress, including likely bitter fights over spending cuts and raising the federal debt ceiling. ...

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NHL, union resume talks in hopes to save season

NEW YORK (AP) — After a long night of talks, the NHL and the union are returning to negotiations — just later than expected.The sides were supposed to meet at the league office Thursday at 10 a.m. EST. That, however, did not happen. The Players Association said it was updating its members on negotiations.Players and union staff began arriving at NHL headquarters a little before a 1 p.m., although...

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Why U.S. lives under the shadow of 'W'

Julian Zelizer says former President George W. Bush's key tax and homeland security policies survive in the age of ObamaSTORY HIGHLIGHTSJulian Zelizer: For all the criticism Bush got, two key policies have survivedHe says fiscal cliff pact perpetuates nearly all of Bush's tax cutsObama administration has largely followed Bush's homeland security policy, he saysZelizer: By squeezing revenues, Bush...

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Feds drop escape charge in downtown prison break

In a surprise move, federal prosecutors today dropped an escape charge against Joseph Jose Banks, a convicted bank robber who...

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Syria rebels in push to capture air base

AZAZ, Syria (Reuters) - Rebels battled on Thursday to seize an air base in northern Syria, part of a campaign to fight back against the air power that has given President Bashar al-Assad's forces free rein to bomb rebel-held towns. More than 60,000 people have been killed in the 21-month-old uprising and civil war, the United Nations said this week, sharply raising the death toll estimate...

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Wall Street extends gains on "cliff" deal

NEW YORK (Reuters) - U.S. stocks jumped on the year's first day of trading, after Washington lawmakers cut a last-minute deal to avert automatic tax hikes that threatened to stunt economic growth. With the gains, the S&P 500 was on target for its highest close since October 19. The rally was broad-based, with nine stocks rising for every one falling on the New York Stock...

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Ray Lewis to retire after playoffs

OWINGS MILLS, Md. (AP) — Ray Lewis spent 17 seasons deftly patrolling the middle of the football field and serving as an inspirational leader for the Baltimore Ravens.Now he's poised and eager to become a full-time dad.Lewis announced Wednesday that he will end his brilliant NFL career after the Ravens complete their 2013 playoff run.Lewis has been sidelined since Oct. 14 with a torn right triceps....

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