Iran's Ahmadinejad kissed and scolded in Egypt


CAIRO (Reuters) - Mahmoud Ahmadinejad was both kissed and scolded on Tuesday when he began the first visit to Egypt by an Iranian president since Tehran's 1979 Islamic revolution.


The trip was meant to underline a thaw in relations since Egyptians elected an Islamist head of state, President Mohamed Mursi, last June. But it also highlighted deep theological and geopolitical differences.


Mursi, a member of the Sunni Muslim Brotherhood, kissed Ahmadinejad after he landed at Cairo airport and gave him a red carpet reception with military honors. Ahmadinejad beamed as he shook hands with waiting dignitaries.


But the Shi'ite Iranian leader received a stiff rebuke when he met Egypt's leading Sunni Muslim scholar later at Cairo's historic al-Azhar mosque and university.


Sheikh Ahmed al-Tayeb, head of the 1,000-year-old seat of religious learning, urged Iran to refrain from interfering in Gulf Arab states, to recognize Bahrain as a "sisterly Arab nation" and rejected the extension of Shi'ite Muslim influence in Sunni countries, a statement from al-Azhar said.


Visiting Cairo to attend an Islamic summit that begins on Wednesday, Ahmadinejad told a news conference he hoped his trip would be "a new starting point in relations between us".


However, a senior cleric from the Egyptian seminary, Hassan al-Shafai, who appeared alongside him, said the meeting had degenerated into an exchange of theological differences.


"There ensued some misunderstandings on certain issues that could have an effect on the cultural, political and social climate of both countries," Shafai said.


"The issues were such that the grand sheikh saw that the meeting ... did not serve the desired purpose."


The visit would have been unthinkable during the rule of Hosni Mubarak, the military-backed autocrat who preserved Egypt's peace treaty with Israel during his 30 years in power and deepened ties between Cairo and the West.


"The political geography of the region will change if Iran and Egypt take a unified position on the Palestinian question," Ahmadinejad said in an interview with Al Mayadeen, a Beirut-based TV station, on the eve of his trip.


He said he wanted to visit the Gaza Strip, the Palestinian territory which neighbors Egypt to the east and is run by the Islamist movement Hamas. "If they allow it, I would go to Gaza to visit the people," Ahmadinejad said.


Analysts doubt that the historic changes that brought Mursi to power will result in a full restoration of diplomatic ties between states whose relations were broken off after the conclusion of Egypt's peace treaty with Israel in 1979.


OBSTACLES TO FULL TIES


At the airport the two leaders discussed ways of improving relations and resolving the Syrian crisis "without resorting to military intervention", Egyptian state media reported.


Egypt is concerned by Iran's support for Syrian President Bashar al-Assad, who is trying to crush an uprising inspired by the revolt that swept Mubarak from power two years ago. Egypt's overwhelmingly Sunni Muslim population is broadly supportive of the uprising against Assad's Alawite-led administration.


Egyptian Foreign Minister Mohamed Kamel Amr sought to reassure Gulf Arab allies - that are supporting Cairo's battered state finances and are deeply suspicious of Iran - that Egypt would not jeopardize their security.


"The security of the Gulf states is the security of Egypt," he said in remarks reported by the official MENA news agency.


Mursi wants to preserve ties with the United States, the source of $1.3 billion in aid each year to the influential Egyptian military.


"The restoration of full relations with Iran in this period is difficult, despite the warmth in ties ... because of many problems including the Syrian crisis and Cairo's links with the Gulf states, Israel and the United States," said one former Egyptian diplomat.


Iranian Foreign Minister Ali Akbar Salehi said he was optimistic that ties could grow closer.


"We are gradually improving. We have to be a little bit patient. I'm very hopeful about the expansion of the bilateral relationship," he told Reuters. Asked where he saw room for closer ties, he said: "Trade and economics."


Egypt and Iran have taken opposite courses since the late 1970s. Egypt, under Mubarak's predecessor Anwar Sadat, concluded a peace treaty with Israel in 1979 and became a close ally of the United States and Europe. Iran from 1979 turned into a center of opposition to Western influence in the Middle East.


Symbolically, Iran named a street in Tehran after the Islamist who led the 1981 assassination of Sadat.


Egypt gave asylum and a state funeral to Iran's exiled Shah Reza Pahlavi, who was overthrown in the 1979 Iranian revolution. He is buried in a mosque beside Cairo's mediaeval Citadel alongside his ex-brother-in-law, Egypt's last king, Farouk.


(Additional reporting by Ayman Samir, Marwa Awad and Alexander Diadosz; Writing by Paul Taylor and Tom Perry; Editing by Andrew Roche and Robin Pomeroy)



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Wall Street retreats, Nasdaq and S&P 500 off 1 percent

NEW YORK (Reuters) - Stocks declined on Monday after a disappointing report on factory orders, retreating from gains in the prior session that left the S&P 500 at a five-year high and the Dow above 14,000.


Investors also grew wary on political uncertainty in the euro zone, leading to a sharp rise in Spanish government bond yields.


Chevron and Wal-Mart were among the biggest drags on the Dow after analyst downgrades.


"S&P technicals are at overbought levels, and risk off harbingers, such as Spanish 10-year yields, which are much more difficult for central bankers to tame, have bounced off recent lows," said Peter Cecchini, managing director at New York-based Cantor Fitzgerald & Co.


Spanish and Italian bond yields rose, renewing worries about the euro zone's sovereign debt crisis. Spain's prime minister faced calls to resign over a corruption scandal, while a probe of alleged misconduct involving an Italian bank were expected to widen three weeks before a national election.


The benchmark S&P 500 rose on Friday, leaving it roughly 60 points away from its all-time intraday high of 1,576.09, while the Dow's march above 14,000 was the highest for the index since October 2007.


The S&P index <.spx> is up 5.5 percent for the year, with nearly half of the gains coming after U.S. legislators sidestepped temporarily the "fiscal cliff" of automatic tax increases and spending cuts.


Data from the Commerce Department showed overall factory orders rose 1.8 percent during the month, below economists' expectations. The report said capital goods orders outside of the defense and aircraft industries, edged 0.3 percent lower in December. The category is seen as a gauge of U.S. business investment plans.


Economic data has pointed to a modest U.S. recovery, but the data has not been strong enough to upset investor expectations the Federal Reserve will continue its stimulus policy that has buoyed stocks.


The Dow Jones industrial average <.dji> dropped 134.39 points, or 0.96 percent, to 13,875.40. The Standard & Poor's 500 Index <.spx> lost 15.16 points, or 1.00 percent, to 1,498.01. The Nasdaq Composite Index <.ixic> fell 39.32 points, or 1.24 percent, to 3,139.77.


Chevron Corp dipped 1.1 percent to $115.23 after UBS cut its rating to neutral, while Wal-Mart Stores Inc shed 1.7 percent to $69.26 after JP Morgan lowered its rating on the world's largest retailer and reduced its price target.


Oracle Corp lost 3 percent to $35.09 after the company agreed to buy network gear maker Acme Packet Inc for about $1.9 billion. Acme Packet shares surged 22.2 percent to $29.24.


Shares of household products company Clorox rose 1.8 percent to $80.53 after the company's quarterly profit beat analysts' estimates as a severe flu season boosted sales of disinfecting wipes.


Earnings are due from Anadarko Petroleum Corp and Yum! Brands Inc , owner of fast-food chains, after the closing bell.


According to Thomson Reuters data, of the 256 companies in the S&P 500 that have reported earnings through Monday morning, 68.4 percent have reported earnings above analyst expectations compared with the 62 percent average since 1994 and the 65 percent average over the past four quarters.


S&P 500 fourth-quarter earnings are expected to rise 4.4 percent, according to the data. That estimate is above the 1.9 percent forecast at the start of earnings season, but well below the 9.9 percent fourth-quarter earnings forecast on October 1.


Herbalife Ltd slumped 4.5 percent to $33.46 after The New York Post reported the seller of weight loss products is facing a probe by the Federal Trade Commission.


(Reporting By Angela Moon; Editing by Kenneth Barry)



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Ravens edge 49ers 34-31 in electric Super Bowl


NEW ORLEANS (AP) — For a Super Bowl with so many story lines, this game came up with quite a twist.


Try a blackout that turned a blowout into a shootout — capped by a brilliant defensive stand.


The Baltimore Ravens survived a frenzied comeback by the San Francisco 49ers following a 34-minute delay in the third quarter for a power outage Sunday night, winning their second championship 34-31. Super Bowl MVP Joe Flacco threw three first-half touchdown passes, Jacoby Jones ran back the second-half kickoff a record 108 yards for a score, and star linebacker Ray Lewis' last play fittingly was part of a defensive effort that saved the victory.


"To me, that was one of the most amazing goal-line stands I've ever been a part of in my career," said Lewis, who announced a month ago he would retire when the Ravens were done playing.


They are done now, with another Vince Lombardi Trophy headed for the display case.


"What better way to do it," Lewis said, "than on the Super Bowl stage?"


That stage already was loaded with plots:


—The coaching Harbaughs sibling rivalry, won by older brother John, who said the postgame greeting with Jim was "painful."


—Flacco's emergence as a top-level quarterback, and his impending free agency.


—Colin Kaepernick's rapid rise in the last two months as 49ers QB.


—The big game's return to the Big Easy for the first time in 11 years, and the first time since Hurricane Katrina ravaged the city in 2005.


—Lewis' self-proclaimed "last ride."


But when the Superdome lost power, well, that wasn't in anyone's scenario.


Flacco and the Ravens (14-6) were turning the game into a rout, leading 28-6 when, without even a flicker of warning, several banks of lights and the scoreboards went dark. Players from both sides stretched and chatted with each other in as bizarre a scene as any Super Bowl has witnessed.


"The bad part was we started talking about it," said safety Ed Reed, who had the game's only interception. "That was mentioned. It was like they were trying to kill our momentum."


After power was restored, the 49ers began playing lights out.


San Francisco (13-5-1), in search of its sixth Lombardi Trophy in as many tries, got back in the game almost immediately.


Michael Crabtree's 31-yard touchdown reception, on which he broke two tackles, made it 28-13. A few minutes later, Frank Gore's 6-yard run followed a 32-yard punt return by Ted Ginn Jr., and the 49ers were within eight.


Ray Rice's fumble at his 24 led to David Akers' 34-yard field goal, but Baltimore woke up for a long drive leading to rookie Justin Tucker's 19-yard field goal.


San Francisco wasn't done challenging, though, and Kaepernick's 15-yard TD run, the longest for a quarterback in a Super Bowl, made it 31-29. A 2-point conversion pass failed when the Ravens blitzed.


Tucker added a 38-yarder with 4:19 remaining, setting up the frantic finish.


Kaepernick couldn't get the 49ers into the end zone on the final three plays. The last was a pass into the right corner of the end zone to Crabtree that involved some incidental bumping. Jim Harbaugh insisted a flag should have been thrown.


"There's no question in my mind that there was a pass interference and then a hold," Jim Harbaugh said.


Ravens punter Sam Koch took a safety for the final score with 4 seconds left. Koch's free kick was returned by Ginn to midfield as time ran out.


"How could it be any other way? It's never pretty. It's never perfect. But it's us," John Harbaugh said of his Ravens. "It was us today."


Barely.


"Yeah, I think that last drive when we got the ball and had time to go down and score a touchdown," Kaepernick said, "we thought it was our game."


But the championship is Baltimore's.


As for the foul-up at America's biggest sporting event, officials revealed that an "abnormality" in the power system triggered an automatic shutdown, forcing backup systems to kick in. But no one was sure what caused the initial problem.


Everything changed after that until Lewis and Co. shut it down. But there were plenty of white-knuckle moments and the Ravens had to make four stops inside their 7 at the end.


"I think it speaks to our resolve, speaks to our determination, speaks to our mental toughness," John Harbaugh said. "That is what wins and loses games."


At 4 hours, 14 minutes, it was the longest Super Bowl ever.


Flacco's arrival as a championship quarterback — he had 11 postseason TD passes, tying a league mark, and no interceptions — coincides with Lewis' retirement. The win capped a sensational four games since Lewis announced he was leaving the game after 17 Hall of Fame-caliber years.


The Ravens will become Flacco's team now, provided he reaches agreement on a new contract.


Flacco's three TD passes in the opening half tied a Super Bowl record. They covered 13 yards to Anquan Boldin, 1 to Dennis Pitta and 56 to Jones.


That start boosted him to the MVP award.


"They have to give it to one guy and I'm not going to complain that I got it," Flacco said.


John Harbaugh had no complaints about getting that other trophy named after that Green Bay coach. But he struggled to balance it with the disappointment his brother was feeling.


"The meeting with Jim in the middle (of the field for the postgame handshake) was probably the most difficult thing I have ever been associated with in my life," the Ravens coach said.


The wild scoring made this the second championship in the NFL's 80-year title game history in which both teams scored at least 30 points. Pittsburgh's 35-31 win over Dallas in 1979 was the other.


The Ravens stumbled into the playoffs with four defeats in its last five regular-season games as Lewis recovered from a torn right triceps and Flacco struggled. Harbaugh even fired his offensive coordinator in December, a stunning move with the postseason so close.


But that — and every other move Harbaugh, Flacco and the Ravens made since — were right on target.


New Orleans native Jones, one of the stars in a double-overtime playoff win at Denver, seemed to put the game away with his record 108-yard sprint with the second-half kickoff.


Soon after, the lights went out — and when they came back on, the Ravens were almost powerless to slow the 49ers.


Until the final moments.


"The final series of Ray Lewis' career was a goal-line stand," Harbaugh said.


Lewis was sprawled on all fours, face-down on the turf, after the end zone incompletion.


"It's no greater way, as a champ, to go out on your last ride with the men that I went out with, with my teammates," Lewis said. "And you looked around this stadium and Baltimore! Baltimore! We coming home, baby! We did it!"


Jim Harbaugh, the coach who turned around the Niners in the last two years and brought them to their first Super Bowl in 18 years, had seen his team make a similarly stunning comeback in the NFC championship at Atlanta, but couldn't finish it off against Baltimore.


"Our guys battled back to get back in," the 49ers coach said. "I thought we battled right to the brink of winning."


The 49ers couldn't have been sloppier in the first half, damaging their chances with penalties — including one on their first play that negated a 20-yard gain — poor tackling and turnovers. Rookie LaMichael James fumbled at the Baltimore 25 to ruin an impressive drive, and the Ravens converted that with Flacco's 1-yard pass to Pitta for a 14-3 lead.


On San Francisco's next offensive play, Kaepernick threw behind Randy Moss and always dependable Reed picked it off. A huge scuffle followed that brought both Harbaughs onto the field and saw both sides penalized 15 yards for unnecessary roughness.


Reed, also a New Orleans native, tied the NFL record for postseason picks with his ninth.


Baltimore didn't pounce on that mistake for points. Instead, Tucker's fake field goal run on fourth-and-9 came up a yard short when Chris Culliver slammed him out of bounds.


The Ravens simply shrugged, forced a three-and-out, and then unleashed Jones deep. Just as he did to Denver, he flashed past the secondary and caught Flacco's fling. He had to wait for the ball, fell to the ground to grab it, but was untouched by a Niner. Up he sprang, cutting left and using his speed to outrun two defenders to the end zone.


Desperate for some points, the 49ers completed four passes and got a 15-yard roughing penalty against Haloti Ngata, who later left with a knee injury. But again they couldn't cross the goal line, Paul Kruger got his second sack of the half on third down, forcing a second field goal by Akers, from 27 yards.


When Jones began the second half by sprinting up the middle virtually untouched — he is the second player with two TDs of 50 yards or more in a Super Bowl, tying Washington's Ricky Sanders in 1988 — the rout was on.


Then it wasn't.


"Everybody had their hand on this game," 49ers All-Pro linebacker Patrick Willis said. "We point the fingers at nobody. We win together and we lose together, and today we lost it."


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Oldest Spider Crabs Discovered in Fossil Reef






The remains of eight new species of crustaceans, including the oldest known spider crabs that lived 100 million years ago, have been uncovered in a fossil reef in northern Spain, scientists report.


The fossils were found in the abandoned Koskobilo quarry alongside other species of decapod crustaceans (a group that includes crabs, shrimp and lobsters). The two oldest-known spider crabs, named Cretamaja granulata and Koskobilius postangustus, are much older than the previous record holder, said study author Adiël Klompmaker, a postdoctoral researcher at the Florida Museum of Natural History at the University of Florida.






“The previous oldest one was from France and is some millions of years younger,” Klompmaker told LiveScience, referring to the spider crabs. “So this discovery in Spain in quite impressive and pushes back the origin of spider crabs as known from fossils.”


C. granulatawas about 0.6 inches (15 millimeters) long and showed distinctive features to suggest it was a spider crab, including two diverging spines coming out of its rostrum (the extended portion of the carapace, or shell, in front of the eyes) and a somewhat pear-shaped carapace. The fossil spider crab also sported spines on its sides at the front of the body. [See Photos of the Ancient Spider Crabs]


The reef where they were found seems to have vanished shortly after these creatures lived. “Something must have happened in the environment that caused reefs in the area to vanish, and with it, probably many of the decapods that were living in these reefs,” Klompmaker said. “Not many decapods are known from the time after the reefs disappeared in the area,” added Klompmaker, who details the findings in a forthcoming issue of the journal Cretaceous Research.


With a team of researchers from the United States, the Netherlands and Spain, Klompmaker collected fossils in the Koskobilo quarry in 2008, 2009 and 2010.


“We went there in 2008, and in the first two hours found two new species,” Klompmaker said in a statement. “That’s quite amazing — it just doesn’t happen every day.”


With the new findings, some 36 decapod species are known to have existed at the abandoned quarry, making it one of the most diverse localities for decapods during the Cretaceous period (145 million to 66 million years ago), Klompmaker said.


The researchers also found there were more diverse ancient decapods living within the reefs — where they fed, mated and sought shelter — than in other parts of the ocean.


“One of the main results of this research is that decapod crustaceans are really abundant in reefs in the Cretaceous,” Klompmaker wrote in an email. “The presence of corals seemed to promote decapod biodiversity as early as 100 million years ago and may have served as nurseries for speciation.”


Last year, Klompmaker reported finding fossils of tiny lobsters huddled together in the seashell of an extinct mollusk known as an ammonoid. The “embracing” lobsters, found in a rock quarry in southern Germany, suggested these fearsome-looking crustaceans were sociable as long ago as 180 million years, when the little crustaceans lived.


“This is the oldest example of gregarious behavior for lobsters in the fossil record — and not just lobsters but the entire group of decapods, which includes lobsters, crabs and shrimp,” Klompmaker, who was at Kent State University, said at the time. “What this tells us is that this type of behavior of grouping together may have been very beneficial early on in the evolution of these crustaceans.”


Klompmaker was also part of a team that discovered a new hermit crab at the same quarry, naming it after Michael Jackson (Mesoparapylocheles michaeljacksoni), as it was found around the time the singer died.


Follow LiveScience on Twitter @livescience. We’re also on Facebook & Google+.


Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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$5 million bail in 'exceptionally brutal' Aurora murder









An Aurora man was ordered held on $5 million bail today for allegedly beating a young woman to death with a hammer and then torching her body and her car, a crime a prosecutor labeled “exceptionally brutal.”

Juan Garnica Jr., 18, of the 400 block of East Ashland Avenue, appeared briefly via video in Kane County bond court, his first court appearance since he was charged with first-degree murder and other crimes in the death of Abigail Villalpando, 18, of Aurora.

It was the first homicide in Aurora since 2011, more than 400 days ago, according to city spokesman Dan Ferrelli.

Two other men have been charged with concealing the homicide.

Judge Christine Downs set bail for one of the men, Enrique Prado, 19, of Aurora, at $100,000. Assistant State’s Attorney Bill Engerman told the judge that police have no evidence that Prado, who also faces arson charges, participated in the murder of Villalpando. Prado has also been cooperative with police since his arrest, the prosecutor said.

A third man, 20-year-old Jose Becerra, did not appear in court this morning. He may appear this afternoon on his charge of concealment of a homicidal death.

Villalpando’s body, which was so badly burned that it had to be identified through dental records, was discovered in a wooded area near Montgomery Sunday morning, about two days after her car was found engulfed in flames under a bridge in Aurora.

Police said the victim met Prado and Garnica Thursday at Prado’s home, and that Garnica hit Villalpando in the head several times with a hammer after Prado left the room. Engerman declined to disclose why VIllalpando went to the house, but police did say she knew Garnica and Prado.

Police have not disclosed a motive for the attack.

Sometime Thursday night , Garnica allegedly drove the victim’s car to the High Street bridge over the railroad tracks on the city’s near east side an left it there. Villalpando’s body was concealed in a container in Prado’s garage, police said.

On Friday, Garnica and Prado bought a can of gas, which Garncia used to torch Villalpando’s 2003 Nissan Altima. Garnica then allegedly burned the victim’s body in a barrel in the backyard at Prado’s house. He then enlisted Becerra to help dump the body, police said.

Villalpando’s family reported her missing about 2:30 a.m. Friday, after she failed to show up at her waitress job at a  Denny’s at the Fox Valley Center shopping center. A restaurant employee called the family around 5 p.m. Thursday to report that she had not showed up for work.

Engerman said Garnica has a 2011 arrest for a stolen car, a charge that was later reduced to criminal trespass to a vehicle.

triblocalfeedback@tribune.com

Twitter: @TribLocal



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Syrian opposition chief says offers Assad peaceful exit


BEIRUT (Reuters) - Syrian opposition leader Moaz Alkhatib urged President Bashar al-Assad on Monday to respond to his initiative for dialogue, saying it was aimed at ending the bloodshed and helping "the regime leave peacefully".


Speaking after meeting senior Russian, U.S. and Iranian officials at the weekend, Alkahtib said none of them had a plan to end the civil war and Syrians must find their own resolution.


"The big powers have no vision ... Only the Syrian people can decide on the solution," the Syrian National Coalition leader told Al Jazeera Television.


The moderate Islamist preacher announced last week he was prepared to talk to Assad's representatives. Although he set several conditions, the move broke a taboo on contacts with authorities and dismayed many in opposition ranks who insist on Assad's departure as a precondition for negotiation.


Alkhatib said it was not "treachery" to seek dialogue to end a conflict in which more than 60,000 people have been killed, 700,000 have been driven from their country and millions more are homeless and hungry.


"The regime must take a clear stand (on dialogue) and we say we will extend our hand for the interest of people and to help the regime leave peacefully," he told the Qatar-based channel. "It is now in the hands of the regime."


Assad announced last month what he said were plans for reconciliation talks to end the violence but - in a speech described by U.N. Syria envoy Lakhdar Brahimi as narrow and uncompromising - he said there would be no dialogue with people he called traitors or "puppets made by the West".


Syria's uprising erupted 22 months ago with largely peaceful protests, escalating into a civil war that pits mainly Sunni Muslim rebels against Assad, who is from Syria's Alawite minority and whose family has ruled Syria for 42 years.


POWERS DIVIDED


The violence has divided major powers, with Russia and China blocking U.N. Security Council draft resolutions backed by the United States, European Union and Sunni Muslim Gulf Arab states that could have led to U.N. sanctions on Assad. Shi'ite Iran has remained his strongest regional backer.


Alkhatib said that the international deadlock meant that only Syrians could stave off further humanitarian disaster.


"We will find a solution, there are many keys," he said. "If the regime wants to solve (the crisis), it can take part in it. If it wants to get out and get the people out of this crisis, we will all work together for the interest of the people and the departure of the regime."


One proposal under discussion was the formation of a transitional government, Alkhatib said, without specifying how he thought it could come about. World powers agreed a similar formula seven months ago but then disagreed over whether that could allow Assad to stay on as head of state.


Activists reported clashes between the army and rebel fighters to the east of Damascus on Monday and heavy shelling of rebel-held areas of the central city of Homs. The Jobar neighborhood, on the southwestern edge of Homs, was hit by more than 100 rockets on Monday morning, one activist said.


The Syrian Observatory for Human Rights said 180 people had been killed across the country on Sunday, including 114 rebel fighters and soldiers. Sunday's death toll also included 28 people killed in the bombardment of a building in the Ansari district of the northern city of Aleppo.


Assad has described the rebel fighters as foreign-backed Islamist terrorists and said a precondition for any solution is that Turkey and Sunni-ruled Gulf Arab states stop funding, sheltering and arming his foes.


Rebels and activists say Iran and the Lebanese Shi'ite military group Hezbollah have sent fighters to reinforce Assad's army - a charge that both deny.


ECONOMIC SUPPORT


"The army of Syria is big enough, they do not need fighters from outside," Iranian Foreign Minister Ali Akbar Salehi said in Berlin on Monday.


"We are giving them economic support, we are sending gasoline, we are sending wheat. We are trying to send electricity to them through Iraq, we have not been successful."


Another Iranian official, speaking in Damascus after talks with Assad, said on Monday that Israel would regret an air strike against Syria last week, without spelling out whether Iran or its ally planned a military response.


"They will regret this recent aggression," said Saeed Jalili, Secretary of Iran's Supreme National Security Council.


Salehi, Russian Foreign Minister Sergei Lavrov and U.S. Vice President Joe Biden all met Alkhatib in Munich at the weekend and portrayed his willingness to talk with Syrian authorities as a major step towards resolving the war.


But Alkhatib is under pressure from other members of the exiled leadership in Cairo for saying he would be willing to talk to Assad, albeit on condition that Assad releases 160,000 prisoners and issues passports to the tens of thousands who have fled to neighboring countries without travel documents.


Walid al-Bunni, a member of the Coalition's 12-member politburo, dismissed Alkhatib's meeting with Salehi.


"It was unsuccessful. The Iranians are unprepared to do anything that could help the causes of the Syrian Revolution," Bunni, a former political prisoner, told Reuters from Budapest.


Bunni said the Coalition was preparing a meeting of all its 70 members in Cairo to hear from Alkhatib about his diplomatic moves.


Alkhatib, whose family are custodians of the Umayyad Mosque in the historic centre of Damascus, is seen as a bulwark against the radical Islamist Salafist forces who wield heavy influence in the armed opposition.


(Additional reporting by Yeganeh Torbati in Dubai and Stephen Brown in Berlin; Editing by Kevin Liffey)



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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 are typically marked by an influx of small investors coming late to the party - such as when your waiter starts giving you stock tips. For that to happen you need a good story. The "great rotation," with its monumental tone, is the perfect narrative to make you feel like you're missing out.


Even if something approaching a "great rotation" has begun, it is not necessarily bullish for markets. Those who think they are coming early to the party may actually be arriving late.


Investors pumped $20.7 billion into stocks in the first four weeks of the year, the strongest four-week run since April 2000, according to Lipper. But that pales in comparison with the $410 billion yanked from those funds since the start of 2008.


"I'm not sure you want to take a couple of weeks and extrapolate it into whatever trend you want," said Tobias Levkovich, chief U.S. equity strategist at Citigroup. "We have had instances where equity flows have picked up in the last two, three, four years when markets have picked up. They've generally not been signals of a continuation of that trend."


The S&P 500 rose 5 percent in January, its best month since October 2011 and its best January since 1997, driving speculation that retail investors were flooding back into the stock market.


Heading into another busy week of earnings, the equity market is knocking on the door of all-time highs due to positive sentiment in stocks, and that can't be ignored entirely. The Standard & Poor's 500 Index <.spx> ended the week about 4 percent from an all-time high touched in October 2007.


Next week will bring results from insurers Allstate and The Hartford , as well as from Walt Disney , Coca-Cola Enterprises and Visa .


But a comparison of flows in January, a seasonal strong month for the stock market, shows that this January, while strong, is not that unusual. In January 2011 investors moved $23.9 billion into stock funds and $28.6 billion in 2006, but neither foreshadowed massive inflows the rest of that year. Furthermore, in 2006 the market gained more than 13 percent while in 2011 it was flat.


Strong inflows in January can happen for a number of reasons. There were a lot of special dividends issued in December that need reinvesting, and some of the funds raised in December tax-selling also find their way back into the market.


During the height of the tech bubble in 2000, when retail investors were really embracing stocks, a staggering $42.7 billion flowed into equities in January of that year, double the amount that flowed in this January. That didn't end well, as stocks peaked in March of that year before dropping over the next two-plus years.


MOM AND POP STILL WARY


Arguing against a 'great rotation' is not necessarily a bearish argument against stocks. The stock market has done well since the crisis. Despite the huge outflows, the S&P 500 has risen more than 120 percent since March 2009 on a slowly improving economy and corporate earnings.


This earnings season, a majority of S&P 500 companies are beating earnings forecast. That's also the case for revenue, which is a departure from the previous two reporting periods where less than 50 percent of companies beat revenue expectations, according to Thomson Reuters data.


Meanwhile, those on the front lines say mom and pop investors are still wary of equities after the financial crisis.


"A lot of people I talk to are very reluctant to make an emotional commitment to the stock market and regardless of income activity in January, I think that's still the case," said David Joy, chief market strategist at Columbia Management Advisors in Boston, where he helps oversee $571 billion.


Joy, speaking from a conference in Phoenix, says most of the people asking him about the "great rotation" are fund management industry insiders who are interested in the extra business a flood of stock investors would bring.


He also pointed out that flows into bond funds were positive in the month of January, hardly an indication of a rotation.


Citi's Levkovich also argues that bond investors are unlikely to give up a 30-year rally in bonds so quickly. He said stocks only began to see consistent outflows 26 months after the tech bubble burst in March 2000. By that reading it could be another year before a serious rotation begins.


On top of that, substantial flows continue to make their way into bonds, even if it isn't low-yielding government debt. January 2013 was the second best January on record for the issuance of U.S. high-grade debt, with $111.725 billion issued during the month, according to International Finance Review.


Bill Gross, who runs the $285 billion Pimco Total Return Fund, the world's largest bond fund, commented on Twitter on Thursday that "January flows at Pimco show few signs of bond/stock rotation," adding that cash and money markets may be the source of inflows into stocks.


Indeed, the evidence suggests some of the money that went into stock funds in January came from money markets after a period in December when investors, worried about the budget uncertainty in Washington, started parking money in late 2012.


Data from iMoneyNet shows investors placed $123 billion in money market funds in the last two months of the year. In two weeks in January investors withdrew $31.45 billion of that, the most since March 2012. But later in the month money actually started flowing back.


(Additional reporting by Caroline Valetkevitch; Editing by Kenneth Barry)



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Goodell: 'Absolutely' would let son play football


NEW ORLEANS (AP) — NFL Commissioner Roger Goodell would "absolutely" want his own child to play football.


After President Barack Obama recently said he'd "have to think long and hard" about allowing a son to take part in the sport, Goodell was asked the same question hours before Sunday's Super Bowl during an interview on CBS's "Face the Nation."


Like the president, Goodell has two daughters. The commissioner deflected the question about allowing a son to play football by noting the high incidence of concussions in girls soccer.


In an interview with The New Republic, Obama had said he loved football but worried about the long-term effects on players of the game's hard hits. Thousands of former players have sued the NFL, alleging that not enough was done to inform them about the dangers of concussions and not enough is being done today to take care of them.


Asked by Bob Schieffer on Sunday whether the league hid the risks of head injuries, Goodell said, "No."


Goodell declined to confirm that there is a proven connection between the sport and medical problems in retired players. He emphasized that the NFL is funding research to learn more about the risks and changing rules to make the game safer.


Goodell said he had no concerns that football could go the way of boxing, a sport now far less popular than in its heyday.


"I couldn't be more optimistic about it because the game of football has always evolved," the commissioner said. "Through the years, through the decades, we've made changes to our game, to make it safer, to make it more exciting, to make it a better game for the players, for the fans, and we have done that in a very calculated fashion."


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Exxon’s 2012 profit of $44.9B just misses record






Exxon Mobil Corp. nearly set a record for annual profit. The oil giant reported Friday that 2012 net income was $ 44.88 billion, just $ 340 million — less than 1 percent — short of the company’s record set in 2008, when crude oil prices hit an all-time high. Exxon‘s profit for the last 10 years totals $ 343.4 billion.


— $ 44.88 billion in 2012






— $ 41.06 billion in 2011


— $ 30.46 billion in 2010


— $ 19.28 billion in 2009


— $ 45.22 billion in 2008


— $ 40.61 billion in 2007


— $ 39.50 billion in 2006


— $ 36.13 billion in 2005


— $ 25.33 billion in 2004


— $ 20.96 billion in 2003


Source: Exxon Mobil annual reports filed with the U.S. Securities and Exchange Commission


Energy News Headlines – Yahoo! News





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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 HIGHLIGHTS


  • Donna Brazile: Clinton stepping down as Secretary of State. Maybe she'll run for president

  • She 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 girls

  • Brazile: Clinton has fought for education and inclusion in politics for women and girls




Editor's note: Donna Brazile, a CNN contributor and a Democratic strategist, is vice chairwoman for voter registration and participation at the Democratic National Committee. She is a nationally syndicated columnist, an adjunct professor at Georgetown University and author of "Cooking with Grease." She was manager for the Gore-Lieberman presidential campaign in 2000.


(CNN) -- As Secretary of State Hillary Rodham Clinton steps down from her job Friday, many are assuming she will run for president. And she may. In fact, five of the first eight presidents first served their predecessors as secretary of state.


It hasn't happened in more than a century, though that may change should Clinton decide to run. After all, she has been a game changer her entire life.


But before we look ahead, I think we should appreciate what she's done as secretary of state; it's a high profile, high pressure job. You have to deal with the routine as if it is critical and with crisis as if it's routine. You have to manage egos, protocols, customs and Congress. You have to be rhetorical and blunt, diplomatic and direct.



CNN Contributor Donna Brazile

CNN Contributor Donna Brazile



As secretary of state you are dealing with heads of state and with we the people. And the president of the United States has to trust you -- implicitly.


On the road with Hillary Clinton


Of all Clinton's accomplishments -- and I will mention just a few -- this may be the most underappreciated. During the election, pundits were puzzled and amazed not only at how much energy former President Bill Clinton poured into Obama's campaign, but even more at how genuine and close the friendship was.


Obama was given a lot of well-deserved credit for reaching out to the Clintons by appointing then-Sen. Hillary Clinton as his secretary of state in the first place. But trust is a two-way street and has to be earned. We should not underestimate or forget how much Clinton did and how hard she worked. She deserved that trust, as she deserved to be in the war room when Osama bin Laden was killed.


By the way, is there any other leader in the last 50 years whom we routinely refer to by a first name, and do so more out of respect than familiarity? The last person I can think of was Ike -- the elder family member who we revere with affection. Hillary is Hillary.


It's not surprising that we feel we know her. She has been part of our public life for more than 20 years. She's been a model of dignity, diplomacy, empathy and toughness. She also has done something no other secretary of state has done -- including the two women who preceded her in the Cabinet post.


Rothkopf: President Hillary Clinton? If she wants it



Hillary has transformed our understanding -- no, our definition -- of foreign affairs. Diplomacy is no longer just the skill of managing relations with other countries. The big issues -- war and peace, terror, economic stability, etc. -- remain, and she has handled them with firmness and authority, with poise and confidence, and with good will, when appropriate.


But it is not the praise of diplomats or dictators that will be her legacy. She dealt with plenipotentiaries, but her focus was on people. Foreign affairs isn't just about treaties, she taught us, it's about the suffering and aspirations of those affected by the treaties, made or unmade.








Most of all, diplomacy should refocus attention on the powerless.


Of course, Hillary wasn't the first secretary of state to advocate for human rights or use the post to raise awareness of abuses or negotiate humanitarian relief or pressure oppressors. But she was the first to focus on empowerment, particularly of women and girls.


She created the first Office of Global Women's Issues. That office fought to highlight the plight of women around the world. Rape of women has been a weapon of war for centuries. Though civilized countries condemn it, the fight against it has in a sense only really begun.


Ghitis: Hillary Clinton's global legacy on gay rights


The office has worked to hold governments accountable for the systematic oppression of girls and women and fought for their education in emerging countries. As Hillary said when the office was established: "When the Security Council passed Resolution 1325, we tried to make a very clear statement, that women are still largely shut out of the negotiations that seek to end conflicts, even though women and children are the primary victims of 21st century conflict."


Hillary also included the United States in the Trafficking in Person report. Human Trafficking, a form of modern, mainly sexual, slavery, victimizes mostly women and girls. The annual report reviews the state of global efforts to eliminate the practice. "We believe it is important to keep the spotlight on ourselves," she said. "Human trafficking is not someone else's problem. Involuntary servitude is not something we can ignore or hope doesn't exist in our own communities."


She also created the office of Global Partnerships. And there is much more.


She has held her own in palaces and held the hands of hungry children in mud-hut villages, pursuing an agenda that empowers women, children, the poor and helpless.


We shouldn't have been surprised. Her book "It Takes a Village" focused on the impact that those outside the family have, for better or worse, on a child's well-being.


As secretary of state, she did all she could to make sure our impact as a nation would be for the better.


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The opinions expressed in this commentary are solely those of Donna Brazile.






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