Rapper Ja Rule set to leave NY prison in gun case

ALBANY, N.Y. (AP) — Platinum-selling rapper Ja Rule was set to leave an upstate prison on Thursday after serving most of his two-year sentence for illegal gun possession but head straight into federal custody in a tax case.The rapper, who had been in protective custody at the Mid-State Correctional Facility because of his celebrity, has some time remaining on a 28-month sentence for tax evasion, correction...

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Wal-Mart holiday profit rises despite lackluster sales

(Reuters) - Wal-Mart Stores Inc posted a larger-than-expected rise in quarterly profit on Thursday, as a lower-than-anticipated tax rate helped to overcome some weakness in sales at its major Walmart U.S. unit that persisted into the beginning of February. The world's largest retailer also raised its dividend payout. Its shares fell 1 percent in premarket trading. Wal-Mart...

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Prosecutors: Detective should be dropped from case

PRETORIA, South Africa (AP) — South Africa's National Prosecuting Authority acknowledged Thursday that the timing of attempted murder charges against a policeman leading the investigation into Oscar Pistorius was "totally weird" and that the policeman should be dropped from the case against the world-famous athlete.Bulewa Makeke, spokeswoman for the NPA, said it was a decision for police and not prosecutors...

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Obama can't kick his legacy down road

By Gloria Borger, CNN Chief Political AnalystFebruary 19, 2013 -- Updated 2122 GMT (0522 HKT)President Obama has a small window of opportunity to get Congress to act on his priorities, Gloria Borger says.STORY HIGHLIGHTSGloria Borger: Prospect of deep budget cuts was designed to compel compromiseShe says the "unthinkable" cuts now have many supportersThe likelihood that cuts may happen shows new level...

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A Minute With: Billy Crystal, former host of the Academy Awards

LOS ANGELES (Reuters) – Few people have more experience hosting the Academy Awards than actor Billy Crystal, who was the master of ceremonies for the movie industry’s highest honors for the ninth time last year.As “Family Guy” creator Seth MacFarlane prepares to host the Oscars for the first time on Sunday, Crystal, 64, spoke to Reuters about his own experiences and offered some tips.Q: What is the...

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Stock futures flat with data, Fed minutes on tap

NEW YORK (Reuters) - Stock index futures were little changed on Wednesday, ahead of data on the housing market and inflation, as well as minutes from the Federal Open Market Committee's January meeting. Housing starts and permits for January along with the January producer price index are due at 8:30 a.m. (1330 GMT). Economists in a Reuters survey forecast the housing starts...

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Police: No inconsistencies in Pistorius account

PRETORIA, South Africa (AP) — A police detective, testifying at Oscar Pistorius' bail hearing Wednesday, said that police have not found anything inconsistent with how the star athlete described his shooting of his girlfriend — a killing that Pistorius says was accidental but which prosecutors call murder.The second day of the bail hearing in a case that has riveted South Africa and much of the world...

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Time to respect Chavez's merits?

By Samuel Moncada, Special to CNNFebruary 18, 2013 -- Updated 1218 GMT (2018 HKT)One Venezuelan official says the reforms enacted in Hugo Chavez's 14-year tenure deserve respect.STORY HIGHLIGHTSDespite perceptions, Hugo Chavez has brought social progress to VenezuelaMoncada: Venezuela's critics have engineered a false narrative of impending disasterVenezuela has used its vast oil reserves to transform...

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Romanian cinema triumphs again with top Berlin award

BERLIN (Reuters) – Romania claimed another major scalp on the European film festival circuit this weekend when “Child’s Pose” won the Golden Bear in Berlin, underlining the country’s emergence as a powerhouse of hard-hitting cinema in the post-Communist era.The film, directed by Calin Peter Netzer, tells the story of Cornelia, an obsessive mother who uses every trick in the book to prevent her son...

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Stock futures edge higher after seven-week rally

NEW YORK (Reuters) - Stock index futures edged higher on Tuesday, indicating the S&P 500 will build on its seven-week winning streak ahead of data on the housing market. * The S&P 500 <.spx> has risen for seven straight weeks, its longest streak since January 2011, and is up 6.6 percent for the year. * The strong start to the year was fueled by legislators in...

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