Why pope will long be remembered

Tim Stanley says Pope Benedict will be seen as an important figure in church history.STORY HIGHLIGHTSTimothy Stanley: Benedict XVI's resignation is historic since popes usually serve for lifeHe says pope not so much conservative as asserting church's "living tradition" He backed traditionalists, but a conflicted flock, scandal, culture wars a trial to papacy, he saysStanley: Pope kept to principle,...

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Rhythm & Hues filing for bankruptcy after deal with Prime Focus collapses

LOS ANGELES (TheWrap.com) – Oscar-winning visual effects company Rhythm & Hues Studios will seek Chapter 11 bankruptcy protection, according to an individual with knowledge of the situation.A deal for Indian-based Prime Focus to buy the Oscar-winning visual effects studio collapsed, forcing the company to file, the individual said.The news comes as Rhythm & Hues is being honored for its artistry....

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Yen steady, euro dips after G7 urges against FX war

LONDON (Reuters) - The yen hovered near three-year lows against the dollar and the euro fell on Tuesday after the G7 nations urged countries to refrain from competitive devaluations and a U.S. official backed Japan's new anti-deflation policies. The Group of Seven industrialized nations published a statement saying it remained committed to "market-determined" exchange rates, reacting...

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IOC drops wrestling from 2020 Olympics

LAUSANNE, Switzerland (AP) — IOC leaders dropped wrestling from the Olympic program on Tuesday, a surprise decision that removes one of the oldest Olympic sports from the 2020 Games.The IOC executive board decided to retain modern pentathlon — the event considered most at risk — and remove wrestling instead from its list of 25 "core sports."The decision was first reported by The Associated Press.The...

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What beats Grammy? Immortality

Legends beyond their own timeLegends beyond their own timeLegends beyond their own timeLegends beyond their own timeLegends beyond their own timeLegends beyond their own timeSTORY HIGHLIGHTSBob Greene: Grammy nominated acts should remember the real prize comes later in lifeHe says at a hotel he ran into a group of singing stars from an earlier era, in town for a showHe says the world of post-fame...

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Stock futures tick higher in low volume, volatility eyed

NEW YORK (Reuters) - Stock index futures edged higher on Monday, suggesting equities will extend their multi-year closing highs from Friday, but low volume and the absence of economic indicators on tap could make trading volatile. Upbeat U.S. and Chinese data last week helped extend the weekly winning streak of the S&P 500 to six weeks. The benchmark is up 6.4 percent so far this...

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Snedeker on the rise with Pebble win

PEBBLE BEACH, Calif. (AP) — Everything about Brandt Snedeker moves at warp speed, including his rapid rise into golf's elite.He talks so fast that he always seems to be a few words short of a complete sentence. He plays fast, giving his hips a quick swivel to set his position before pulling the trigger. Even his putts go into the hole quickly, most of them struck with purpose instead of hope.But when...

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China needs smog-free air in a can

Hazardous smog over BeijingHazardous smog over BeijingHazardous smog over Beijing Hazardous smog over BeijingHazardous smog over BeijingHazardous smog over BeijingHazardous smog over BeijingHazardous smog over BeijingHazardous smog over BeijingHazardous smog over BeijingHazardous smog over BeijingHazardous smog over BeijingHazardous smog over BeijingHazardous smog over BeijingHazardous smog over BeijingHazardous...

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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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Michigan, Kansas go down as run continues

There goes another one, and another one.No. 3 Michigan, fifth-ranked Kansas and No. 11 Louisville all lost on Saturday, continuing a perilous stretch for the Top 25.The Wolverines became the third top-three team to fall this week when Ben Brust hit a tiebreaking 3-pointer with less than 40 seconds left in overtime, leading Wisconsin to a 65-62 victory. Brust also tied the game at the end of regulation...

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