Newcomers and veterans celebrated in pre-Grammy festivities

LOS ANGELES (Reuters) – Music’s biggest names gathered to celebrate the trailblazers and veterans of their industry at music producer Clive Davis‘s annual pre-Grammy party, remembering Whitney Houston and honoring the work of Epic Records‘ L.A. Reid.Last year’s pre-Grammy festivities was marred by the sudden death of Houston in a bathtub at the same hotel a few hours before Davis’ party.Dubbed the...

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Opposition slams Venezuela devaluation, shoppers fret

CARACAS (Reuters) – Opposition leaders derided another currency devaluation by President Hugo Chavez‘s government as evidence of economic incompetence, while some anxious Venezuelans hit shops on Saturday in fear of price increases.Though unseen in public since cancer surgery two months ago in Cuba, government ministers said Chavez personally ordered the fifth devaluation of the bolivar in a decade...

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As Blizzard Nemo Blankets Northeast, Snow Plow Makers Clean up

As winter storm Nemo prepared to sock the Northeast with several feet of snow, a Milwaukee business that makes snow plows and salt spreaders was getting ready to clean up. Douglas Dynamics is a snow plow pure play. It owns the Western, Fisher and Blizzard brands. Since May 2010, Douglas has been a public company, trading on the NYSE under the descriptive ticker symbol “PLOW.”Dire blizzard warnings...

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Stocks end higher for sixth straight week, tech leads

NEW YORK (Reuters) - The Nasdaq composite stock index closed at a 12-year high and the S&P 500 index at a five-year high, boosted by gains in technology shares and stronger overseas trade figures. The S&P 500 also posted a sixth straight week of gains for the first time since August. The technology sector led the day's gains, with the S&P 500 technology index...

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Northeast storm disrupts travel for sports teams

Several professional and college sports teams were forced to rearrange their travel plans as a massive storm swept through the Northeast, dumping a few feet of snow in some areas.The NBA's New York Knicks were stuck in Minnesota after playing the Timberwolves on Friday night, hoping to try to fly home sometime Saturday. The San Antonio Spurs were also staying overnight in Detroit after seeing their...

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How Obama can end Congo conflict

Conflict in CongoConflict in CongoConflict in CongoConflict in CongoConflict in CongoSTORY HIGHLIGHTSPresident Obama can help end the Congo conflict for good, says Vava TampaObama has asked Rwanda to end all support to armed groups in the CongoFDLR militia gang is a threat to stability and must leave CongoObama must push for change in Congolese government, argues TampaEditor's note: Vava Tampa is...

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Springsteen says “freaky” to be honored at pre-Grammys tribute

LOS ANGELES (Reuters) – Bruce Springsteen was honored as MusiCares Person of the Year on Friday at a star-studded pre-Grammys event where some of the biggest names in music like Sting, Alabama Shakes and Neil Young paid homage to “The Boss.”The annual event, now in its 23rd year, celebrates a star’s musical achievements and philanthropic work, and is hosted by Grammy organizers to kick off the weekend...

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The Economy Likely Grew After All, Thanks to Oil

There were big headlines—here and elsewhere—after the government reported on Jan. 30 that the U.S. economy shrank in the fourth quarter.Never mind. A little more than a week later, surprisingly good trade figures today are leading economists to predict that the government will revise its gross domestic product estimate for the last three months of 2012 into positive territory.The Department of Commerce...

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Denver’s Housing Market Continued to Recover in January Offering an Unprecedented Opportunity for Sellers

DENVER, CO–(Marketwire – Feb 8, 2013) –  Year-over-year inventory levels continue to be low, home prices are up and average days on market (DOM) for Denver-area homes is down, making for a prime sellers’ market according to the latest reports from Metrolist®, which powers REcolorado.com, a free resource for Colorado home buyers, sellers, and owners.Since July of last year, the number of available...

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Market rises on data but caution settles on Wall Street

NEW YORK (Reuters) - Stocks edged higher on Friday, with the benchmark S&P index hitting a five-year high after a batch of positive economic reports, but gains were capped as investors grew cautious about a further advance. Data showing stronger international trade from China and Germany and a report showing a smaller U.S. trade deficit in December were seen as encouraging signs of...

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