Ron Johnson Concedes: J.C. Penney Isn’t Apple

Okay, so Ron Johnson is not the god of retail.Even with his reputation for retail wizardry at Apple (AAPL) and Target (TGT), everyone knew it would be hard for him to work his magic at J. C. Penney (JCP). Instead of hawking cool, high-margin tech products for the hipster fan base of Apple, Johnson has to deal with busy moms, screaming kids, and the the broad swath of humanity that just wants a cheap...

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Military Surgeon Selected as Co-Editor of the Canadian Journal of Surgery

OTTAWA, ONTARIO–(Marketwire – Feb 2, 2013) – The Canadian Journal of Surgery has appointed Major Vivian McAlister, a Canadian Armed Forces (CAF) surgeon, as co-editor, highlighting the high esteem in which CAF doctors are held in the medical community.When not engaged in military duties, Major McAlister works at Western University in London, Ontario as a Professor of Surgery. He is also a member...

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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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NFL's Goodell aims to share blame on player safety

NEW ORLEANS (AP) — NFL Commissioner Roger Goodell wants to share the blame."Safety," he said at his annual Super Bowl news conference, "is all of our responsibilities."Not surprisingly, given that thousands of former players are suing the league about its handling of concussions, the topics of player health and improved safety dominated Goodell's 45-minute session Friday. And he often sounded like...

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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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Amazon unveils exclusive ‘Downton Abbey’ deal with PBS

SAN FRANCISCO (Reuters) – Amazon.com Inc said on Friday that it struck an exclusive deal to distribute seasons of the hit TV show “Downton Abbey” to members of its subscription-based video streaming service.Beginning June 18, Amazon‘s Prime Instant Video service will be the exclusive subscription service for streaming Season 3 of “Downton Abbey,” as part of a new content licensing agreement with PBS...

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US economy adds 157,000 new jobs

1 February 2013 Last updated at 10:27 ETThe US economy added 157,000 jobs last month, which was slightly below forecasts, but the number of new jobs at the end of 2012 was revised up significantly, official data has shown.In November and December, the Labor Department’s revised figures showed that 127,000 more jobs were created than initially thought.But the unemployment rate ticked up to 7.9% in...

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Obama offers faith groups new birth control rule

WASHINGTON (AP) — The Obama administration on Friday announced a new accommodation for religious nonprofits that object to providing health insurance that covers birth control.The new regulation attempts to create a barrier between religious groups and contraception coverage, through insurers or a third party, that would still give women free access to contraception. Whether religious groups will...

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S&P 500 rises one percent as Wall Street rallies

NEW YORK (Reuters) - U.S. stocks hit five-year highs with each of the three major indexes up at least 1 percent on Friday, after jobs and manufacturing data showed the economy's sluggish recovery is still on track. The Dow Jones industrial average <.dji> gained 139.22 points, or 1.00 percent, to 13,999.80. The Standard & Poor's 500 Index <.spx> rose 15.04 points, or 1.00...

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Goodell says he welcomes Obama's remarks on safety

NEW ORLEANS (AP) — NFL Commissioner Roger Goodell says the league will look at eliminating certain low blocks and improve the quality of playing fields as part of a program to improve player safety.In his annual message on the state of the league two days before Sunday's Super Bowl, Goodell said neurosurgeons will also be added to game day medical staffs.Goodell pledged to pioneer new approaches to...

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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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Geraldo Rivera ”Truly Contemplating” New Jersey Senate Run

LOS ANGELES (TheWrap.com) – Geraldo Rivera said Thursday he is “truly contemplating” running for one of New Jersey‘s U.S. senate seats as a Republican.The Fox News host said on his radio show that he would run against incumbent Democrat Frank Lautenberg or Newark Mayor Cory Booker, a likely candidate for the seat if the 89-year-old Lautenberg steps down.“I mention this only briefly, fasten your seatbelt,”...

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MasterCard beats on rise in card spend, cautious on 2013

(Reuters) – MasterCard Inc’s fourth-quarter results topped Wall Street estimates as more people chose card payments over cash but the payment network said global economic woes could slow revenue growth in 2013.Shares of company, which had risen 4 percent in early trade, changed course and were down more than $ 1 at $ 514.35 in late-morning trade on the New York Stock Exchange.“There is going to be...

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US mortgage rates rise this week near record lows

The average U.S. rate on the 30-year fixed mortgage rose this week to its highest level in four months but remains low by historical standards.Here’s a look at rates for fixed and adjustable mortgages over the past 52 weeks:Current avg.Last week52-week high52-week low30-year fixed3.533.424.083.3115-year fixed2.812.713.302.635-year adjustable2.702.672.962.671-year adjustable2.592.572.842.52All values...

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Wall Street dips on profit taking, Friday data eyed

NEW YORK (Reuters) - Stocks edged lower on Thursday as investors took profit after a mixed bag of economic data, while stellar earnings from Qualcomm helped buoy the Nasdaq. Even with the retreat, the S&P 500 is on track to post its best month since October 2011 and its best start to a year since 1997. Investors are expecting a pullback in equities after recent gains,...

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49ers' Culliver apologizes for anti-gay remarks

NEW ORLEANS (AP) — San Francisco 49ers cornerback Chris Culliver apologized Thursday for anti-gay comments he made to a comedian during Super Bowl media day, saying "that's not what I feel in my heart.""I'm sorry if I offended anyone. They were very ugly comments," Culliver said during an hour-long media session. "Hopefully I learn and grow from this experience and this situation."He said he would...

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Fear and loathing in Egypt's Port Said

Behind the maskScales of justiceMoment of truthFans celebrate Armed and readyRally at the clubPortrait of the deadACABDown with MorsiArmy in controlPort Said women protestAl Masry ultrasThe sound of machine gunsAftermathProtestShots firedEmpty standsHarrowing reminder<<<123456789101112131415161718>>>STORY HIGHLIGHTSChaos erupted in Egypt after 21 people were sentenced to death following...

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ABC orders drama pilots from Martin Campbell, Maria Maggenti

LOS ANGELES (TheWrap.com) – “Casino Royale” director Martin Campbell is taking on another intrigue-filled project, this time with ABC.The network has ordered a pilot for the drama “Reckless,” which Campbell, left, will executive produce.The pilot involves David, a resourceful problem-solver whose wife is unjustly imprisoned during a political uprising overseas. Desperately to rescue her, he tries...

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FRC proposes tougher accounting test on banks’ health

LONDON (Reuters) – Accountants will have to determine more thoroughly if a bank can stand on its own two feet for well over a year without taxpayer help under draft changes from the Financial Reporting Council.The FRC said auditors such as KPMG, PwC, Deloitte and Ernst & Young would have to examine threats to a company’s business model and capital adequacy through the economic cycle for the sector...

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Wall Street flat after GDP shock, Fed awaited

NEW YORK (Reuters) - Stocks were little changed on Wednesday as data showing the economy unexpectedly contracted in the fourth quarter was offset by upbeat parts of the report and strong results from Boeing and Amazon. Economists stressed that the 0.1 percent contraction in U.S. gross domestic product, caused partly by a plunge in government spending and lower business inventories, is...

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