Myanmar: Evolution, not revolution

Tourists walk around the Shwedagon Pagoda in Yangon in April. The tourism industry is set for expansion.STORY HIGHLIGHTSMyanmar is undergoing incremental change, welcomed by all, says Parag KhannaBut he says people still tread lightly, careful not to overstep or demand too muchMyanmar has survived succession of natural and man-made ravages, Khanna addsWith sanctions lifted, foreign investment is now...

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Firm bringing HQ to Chicago

St. Louis-based construction firm Clayco Inc. is moving its headquarters to Chicago, attracted by ease of air travel, proximity...

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Eleven dead in Damascus gas station blast

AZAZ, Syria (Reuters) - At least 11 people were killed and 40 wounded when a car bomb exploded at a crowded petrol station in the Syrian capital Damascus on Thursday, opposition activists said. The station was packed with people queuing for fuel that has become increasingly scarce during the country's 21-month-long insurgency aimed at overthrowing President Bashar al-Assad. ...

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Global shares stall, dollar up as more U.S. budget fights loom

LONDON (Reuters) - World share gains stalled and the dollar rose on Thursday as investors grew concerned about political battles looming in Washington over spending cuts, following this week's deal to avoid sharp U.S. tax hikes. The MSCI world equity index <.miwd00000pus> dipped from an 18-month high to be down 0.15 percent at 346.7 points while the dollar hit a three-week peak...

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Louisville upsets Florida 33-23 in Sugar Bowl

NEW ORLEANS (AP) — Terell Floyd and the Louisville Cardinals gave the embattled Big East Conference at least one more triumphant night in a major bowl — and at the expense of a top team from the mighty SEC.Floyd returned an interception 38 yards for a touchdown on the first play, dual-threat quarterback Teddy Bridgewater directed a handful of scoring drives and No. 22 Louisville stunned the fourth-ranked...

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How Donald Trump hijacks U.S. media

STORY HIGHLIGHTSHoward Kurtz: Donald Trump said the GOP can go nuclear in budget showdownKurtz: It's remarkable that Trump draw attention no what what he saysHe says it's so easy to hijack the media in the age of Twitter Kurtz: Journalists like sexy stories but shouldn't lose focus of what's importantEditor's note: Howard Kurtz is the host of CNN's "Reliable Sources" and is Newsweek's Washington bureau...

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Sandy Hook kids return to class in neighboring town

MONROE, Conn. — The Newtown schools superintendent says preparations have been made for a "normal" day, yet it will likely be...

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Myanmar says jets used against Kachin rebels

YANGON (Reuters) - Myanmar's military has used jets to attacks rebel fighters in northern Kachin state, the government said on Thursday, its first admission of an intensification of a conflict that has raised doubts about its reformist credentials. Rebel sources have reported aerial bombings, shelling and even the use of chemical weapons since December 28 after the Kachin Independence...

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Stock futures surge, Wall Street set for rally on fiscal deal

NEW YORK (Reuters) - Stock futures surged on Wednesday, setting up Wall Street to rally in the first trading session of the new year, after U.S. lawmakers passed a bill preventing huge tax hikes and spending cuts that threatened to jeopardize economic growth. * The House of Representatives voted for a bill, which the Senate passed on Monday, that will raise taxes on wealthy individuals...

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Stanford holds off Wisconsin 20-14 in Rose Bowl

PASADENA, Calif. (AP) — Andrew Luck, Toby Gerhart and coach Jim Harbaugh started Stanford's improbable football renaissance, yet they never stood in the center of the Rose Bowl with the West Coast's most coveted trophy raised above their heads.In fact, the last Stanford team to do what the Cardinal did Tuesday night had a defense known as the Thunderchickens.Forty years after Stanford's last Rose...

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