Power outage electrifies CBS Super Bowl broadcast

NEW YORK (AP) — When the lights went out at the Super Bowl, CBS’ telecast got a jolt.The power outage in the Super Dome in New Orleans sent the network scrambling and silenced its announcers for about half an hour. The remarkable scene — probably the most-watched “we’re having technical difficulties” moment in television history — also made CBS’ broadcast compelling at a time when the game was looking...

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World stock markets cautious after US rally

SEOUL, South Korea (AP) — World stock markets moved cautiously higher Monday as investors continued to feel confident about stocks following last week’s U.S. jobs report and Wall Street’s rally.Solid corporate earnings reports and expectations that the weaker yen will enhance the bottom line of Japanese exporters also lured investors to stocks. Investors were also awaiting the release later in the...

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How to create a tax-smart portfolio strategy

Retirement » Creating Tax-Efficient Portfolio PlansA diversified blend of stocks, bonds and cash in your individual retirement account is the proven path to attaining your long-term financial goals. Right?Well, yes, but you might want to consider a more tax-efficient approach to investing.While financial experts agree that a mix of securities can help stabilize your overall portfolio, they also note...

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Spanish worries tarnish growth outlook

London (Reuters) - European shares edged up but the euro fell and German bonds trimmed their losses on Monday as a resurgence of worries about Europe undermined positive sentiment stemming from stronger U.S. and Chinese economic data. However, the rising confidence in the global economic recovery underpinned oil and copper, although prices moved in narrow ranges at the start of a week...

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Peterson double winner of AP NFL awards

NEW ORLEANS (AP) — Adrian Peterson called it a blessing in disguise.Strange way to describe career-threatening major knee surgery.The Minnesota Vikings' star came back better than ever, just missing Eric Dickerson's longstanding rushing record and closing out the season with two of the top NFL awards from The Associated Press: Most Valuable Player and Offensive Player of the Year.As sort of an added...

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Hillary: Secretary of empowerment

Girls hug U.S. Secretary of State Hillary Clinton during a 2010 tour of a shelter run for sex trafficking victims in Cambodia.STORY HIGHLIGHTSDonna Brazile: Clinton stepping down as Secretary of State. Maybe she'll run for presidentShe says as secretary she expanded foreign policy to include effect on regular people She says she was first secretary of state to focus on empowering women and girlsBrazile:...

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Mark Wahlberg, Ted to Present at Oscars

LOS ANGELES (TheWrap.com) – Mark Wahlberg and his teddy bear co-star “Ted” will be presenters at the Oscars, the telecast producers announced Friday morning.The duo, stars in Oscar host Seth MacFarlane‘s comedy about a man trying to turn his immature, hedonistic lifestyle around for a woman he is dating. His indulgent teddy bear, the eponymous Ted, proves to be an obstacle in that transformation.The...

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China services’ slow uptick highlights mildness of recovery

BEIJING (Reuters) – Growth in China‘s increasingly important services sector rose for the fourth straight month in January, though the slim increase added to evidence that the recovery in the world’s second-largest economy remains a modest one.China’s official purchasing managers’ index (PMI) for the non-manufacturing sector rose to 56.2 in January from 56.1 in December, the National Bureau of Statistics...

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Asiacell shares sold on Iraq bourse in major float

BAGHDAD (AP) — Iraqi mobile phone service provider Asiacell began on Sunday to sell shares on the Iraq Stock Exchange in what the head of the bourse said is the biggest initial public offering in the Middle East since 2008.Asiacell offered a quarter of its shares, or 67.5 billion, as part of licensing requirements. The company is hoping to raise $ 1.3 billion, with the initial share price set at 22...

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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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