Analysis: Modi's Gujarat growth model might not work across India

SURAT, India (Reuters) - Turning a single Indian state with a long tradition of entrepreneurship and a solid political majority into an investor-friendly economic powerhouse is one thing. Replicating that experience across a diverse country of 1.2 billion would be a tougher prospect for Narendra Modi, whose leadership of booming Gujarat state has led to his being touted as a potential...

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Shares buoyed by Alcoa earnings, dollar gains on yen

LONDON (Reuters) - European shares rose slightly on Wednesday, ending two days of losses after aluminum giant Alcoa opened the U.S. earnings season with an optimistic outlook for world demand. But with a light data day in prospect for Europe, featuring mainly German and Greek industrial output figures, and with European and UK central banks due to meet on Thursday, market movements were...

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Judgment day for Bonds, Clemens, Sosa at Hall

NEW YORK (AP) — Judgment day has arrived for Barry Bonds, Roger Clemens and Sammy Sosa to find out their Hall of Fame fates.With the cloud of steroids shrouding many candidacies, baseball writers may fail for the only the second time in more than four decades to elect anyone to the Hall.About 600 people are eligible to vote in the BBWAA election, all members of the organization for 10 consecutive...

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2012 was hottest year on record in U.S., climate agency says

CHICAGO (Reuters) – The year 2012 was the warmest on record for the contiguous United States, beating the previous record by a full degree in temperature, a government climate agency said on Tuesday.Scientists at the National Oceanic and Atmospheric Administration said the average temperature in 2012 in the contiguous United States was 55.3 degrees Fahrenheit (12.94 degrees Celsius), 3.2 degrees above...

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Case of Wall Street greed gone too far

Goldman Sachs CEO Lloyd Blankfein was one of the executives whose stock award was accelerated to beat higher tax rate.STORY HIGHLIGHTSGoldman Sachs granted $65 million in stock to execs before new tax rates beganSusan Antilla says the firm's CEO had endorsed higher rates, called for entitlement cuts She says Goldman benefits from the implicit promise that U.S. will bail it outAntilla: It was unseemly...

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1 dead, 1 wounded in front of Old Town convenience store

One man was shot to death and another seriously wounded in the Old Town neighborhood this evening, among at least four people...

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U.S. does not rule out removing all troops from Afghanistan

WASHINGTON (Reuters) - The Obama administration does not rule out a complete withdrawal of U.S. troops from Afghanistan after 2014, the White House said on Tuesday, just days before President Barack Obama is due to meet Afghan President Hamid Karzai. The comments by U.S. Deputy National Security Adviser Ben Rhodes were the clearest signal yet that, despite initial recommendations by the...

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Stock index futures signal lower Wall Street open

LONDON (Reuters) - U.S. stock index futures pointed to a slightly lower Wall Street open on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.1 to 0.3 percent. Alcoa and Monsanto are two of the first large companies to report quarterly results as the earnings season begins. Wall Street expects both the companies to show improved profit from a year ago....

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'Bama bashes Notre Dame 42-14 in BCS title game

MIAMI GARDENS, Fla. (AP) — Barely taking time to celebrate their latest national championship, Nick Saban and the Alabama Crimson Tide are ready to get back to work.That's how they make it look so easy.In what must be an increasingly frustrating scene for the rest of college football, another season ended with Saban and his players frolicking in the middle of a confetti-strewn field. Eddie Lacy ran...

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Analyst cuts ratings for coal cos. on weak demand

NEW YORK (AP) — A Raymond James analyst on Monday cut his ratings for a trio of coal companies, saying that mild winter weather has driven down the price of natural gas and reduced demand for coal.THE OPINION: James Rollyson said that after a tough 2012, he was originally optimistic about coal company prospects in 2013, as natural gas companies slowed their production growth and natural gas prices...

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