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 <.splrct> up 1.0 percent. Gains in professional network platform LinkedIn Corp and AOL Inc after they reported quarterly results helped the sector.

Shares of LinkedIn jumped 21.3 percent to $150.48 after the social networking site announced strong quarterly profits and gave a bullish forecast for the year.

AOL Inc shares rose 7.4 percent to $33.72 after the online company reported higher quarterly profit, boosted by a 13 percent rise in advertising sales.

Data showed Chinese exports grew more than expected, a positive sign for the global economy. The U.S. trade deficit narrowed in December, suggesting the U.S. economy likely grew in the fourth quarter instead of contracting slightly as originally reported by the U.S. government.

"That may have sent a ray of optimism," said Fred Dickson, chief market strategist at D.A. Davidson & Co in Lake Oswego, Oregon.

Trading volume on Friday was below average for the week as a blizzard swept into the northeastern United States.

The U.S. stock market has posted strong gains since the start of the year, with the S&P 500 up 6.4 percent since December 31. The advance has slowed in recent days, with fourth-quarter earnings winding down and few incentives to continue the rally on the horizon.

"I think we're in the middle of a trading range and I'd put plus or minus 5.0 percent around it. Fundamental factors are best described as neutral," Dickson said.

The Dow Jones industrial average <.dji> ended up 48.92 points, or 0.35 percent, at 13,992.97. The Standard & Poor's 500 Index <.spx> was up 8.54 points, or 0.57 percent, at 1,517.93. The Nasdaq Composite Index <.ixic> was up 28.74 points, or 0.91 percent, at 3,193.87, its highest closing level since November 2000.

For the week, the Dow was down 0.1 percent, the S&P 500 was up 0.3 percent and the Nasdaq up 0.5 percent.

Shares of Dell closed at $13.63, up 0.7 percent, after briefly trading above a buyout offering price of $13.65 during the session.

Dell's largest independent shareholder, Southeastern Asset Management, said it plans to oppose the buyout of the personal computer maker, setting up a battle for founder Michael Dell.

Signs of economic strength overseas buoyed sentiment on Wall Street. Chinese exports grew more than expected in January, while imports climbed 28.8 percent, highlighting robust domestic demand. German data showed a 2012 surplus that was the nation's second highest in more than 60 years, an indication of the underlying strength of Europe's biggest economy.

Separately, U.S. economic data showed the trade deficit shrank in December to $38.5 billion, its narrowest in nearly three years, indicating the economy did much better in the fourth quarter than initially estimated.

Earnings have mostly come in stronger than expected since the start of the reporting period. Fourth-quarter earnings for S&P 500 companies now are estimated up 5.2 percent versus a year ago, according to Thomson Reuters data. That contrasts with a 1.9 percent growth forecast at the start of the earnings season.

Molina Healthcare Inc surged 10.4 percent to $31.88 as the biggest boost to the index after posting fourth-quarter earnings.

The CBOE Volatility index <.vix>, Wall Street's so-called fear gauge, was down 3.6 percent at 13.02. The gauge, a key measure of market expectations of short-term volatility, generally moves inversely to the S&P 500.

"I'm watching the 14 level closely" on the CBOE Volatility index, said Bryan Sapp, senior trading analyst at Schaeffer's Investment Research. "The break below it at the beginning of the year signaled the sharp rally in January, and a rally back above it could be a sign to exercise some caution."

Volume was roughly 5.6 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45 billion.

Advancers outpaced decliners on the NYSE by nearly 2 to 1 and on the Nasdaq by almost 5 to 3.

(Additional reporting by Angela Moon; Editing by Bernadette Baum, Nick Zieminski, Kenneth Barry and Andrew Hay)

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Norway's Svindal wins downhill at Alpine worlds

SCHLADMING, Austria (AP) — Aksel Lund Svindal of Norway won the men's downhill title at the Alpine skiing world championships Saturday after a powerful run down the Planai course that no one came close to matching.

Watched by 33,000 spectators, Svindal kept a near-perfect line down the icy and bumpy 3.33-kilometer course despite foggy conditions that caused problems for several other skiers.

The Norwegian finished in 2 minutes, 1.32 seconds to win by nearly half a second and secure his second world downhill title, after also winning the marquee event in 2007. It was his fifth world title overall, to go with an Olympic gold in super-G.

Dominik Paris of Italy, who leads this season's World Cup downhill standings, trailed Svindal by 0.46 in second. David Poisson of France finished third, 0.97 behind.

"I knew I could not have skied better here," said Svindal, who raised both arms in the air and shouted out in celebration immediately after his run. "I took a lot of risks. It was a tough race. Visibility wasn't good and the course was difficult. At the finish, I was exhausted, in my head as well."

The rest of the field, led by Klaus Kroell of Austria in fourth, finished more than a second off Svindal's winning time.

The Norwegian had to settle for bronze in Wednesday's super-G, a discipline he has dominated on the World Cup this season, and said that gave him extra motivation for the downhill.

"Winning bronze was nice but I was also a bit frustrated," Svindal said. "I really pushed hard today and avoided major mistakes."

He was about the only one to do so, as most of his rivals struggled to maintain their racing line on the turning and icy bottom section.

The low final right turn seemed to cause the most problems, as many skiers had to slow down to make the final gate before the finish.

Andreas Romar of Finland, who started seventh, became the first to master that section flawlessly and was in the lead until Poisson came down.

When it was Svindal's turn, the Norwegian stretched his lead at every split time and was also near-perfect in the finish section.

Paris, who won the downhill races in Bormio and Kitzbuehel this season, lost time to the Norwegian toward the end but said he had "a great race."

"I tried to go for a medal but I didn't think I could do it," Paris said. "I saved energy in the upper part because I knew I needed it for that difficult finish section."

Poisson had never been on the podium on the World Cup or at a major championship before earning France a second medal this week, following Gauthier De Tessieres' silver in the super-G.

"This is really perfect. Gauthier started the week well for us," Poisson said. "I am proud of my run, I was fast and I went to my limits."

Kroell's fourth place left the home nation without a gold medal in a speed event of any major championship since the 2003 worlds, when Michael Walchhofer won the downhill and Stephan Eberharter the super-G.

Walchhofer's silver medal at the 2006 Turin Olympics downhill was the last speed medal for Austria.

"I am very disappointed," said Kroell, last season's World Cup downhill champion. "I had a big mistake early on and I didn't find my flow because of all the bumps. I just couldn't keep the line."

The women's downhill is Sunday.

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Rhode Island Storm Update Through Friday Evening, Feb. 8

Yahoo! News is gathering brief first-person accounts, photos and video from the severe winter weather in the northeastern United States. Here’s one resident’s story.

FIRST PERSON | WARWICK, R.I. — I was surprised this morning when I got up and realized it had not begun to snow. The storms “merge” had slowed down, so I went out to my early morning doctor appointment that hadn’t been canceled. An hour later when I came out, it was snowing lightly, but steadily. All media outlets were out and at the ready to file moment to moment reports. But the day was disappointing.

I live in Warwick, and Rhode Islanders are famously terrified of snow. Grocery store shelves were decimated early on. By 4 p.m. the street plow had gone by my house at least four times, even though our accumulation was only about three inches. And then the wind changed.

The official “merge” of the two storms happened. The wind shifted around to the Northeast. I could hear it whistle through the roof vents. The consistency of the snow changed from soft and fluffy to heavy and wet. Between 5pm and 6pm the accumulations had increased to two and three inches per hour. I can’t see out our windows because the wind has the snow stuck to all the screens and windows.

By now, all the agencies had recommended or demanded people to go home and get off the streets. I was talking on the phone to a friend who lives much nearer the Rhode Island southern coastline when I heard a crash in the background. My friend said, “The lights just flickered and two branches from a tree came down.” We wrapped up our conversation as we could hear more trees breaking under the weight of the snow and high winds.

As of 8:30 p.m., we already have a foot of snow. The heavy accumulations are expected to continue for hours. About two hours ago, only a few hundred people in Rhode Island had lost power. Now, it’s up to about 14,000.

I have my flashlights at the ready. I expect we’ll lose power in the night. We have plenty of food and blankets, but with the storm time stretched out so far, it could be a long wait to get power back on. As a safeguard, I’m shutting down my computer right after I post this.

Weather News Headlines – Yahoo! News

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How Obama can end Congo conflict

Conflict in Congo

Conflict in Congo

Conflict in Congo

Conflict in Congo

Conflict in Congo

STORY HIGHLIGHTS

• President Obama can help end the Congo conflict for good, says Vava Tampa


• Obama has asked Rwanda to end all support to armed groups in the Congo


• FDLR militia gang is a threat to stability and must leave Congo


• Obama must push for change in Congolese government, argues Tampa

Editor's note: Vava Tampa is the founder of Save the Congo, a London-based campaign to tackle "the impunity, insecurity, institutional failure and the international trade of minerals funding the wars in Democratic Republic of the Congo." Follow Vava Tampa on twitter: @VavaTampa

(CNN) -- Now that President Obama has taken a public stand on the warlords and militia gangs tyrannizing DR Congo, there is a sense that the next chapter in the human tragedy that has been raging there over the past decade and half is about to be written -- or so we can hope.

In the DRC -- Africa's largest sub-Saharan country -- invasions, proxy wars and humanitarian crises have senselessly shut down millions of lives, displaced millions more from their homes and left countless women and young girls brutally raped with the world barely raising an eyebrow.

The latest murderous attempt by the M23 militia gang to besiege Goma, the strategic regional capital of Congo's eastern province of North Kivu, seems to have backfired.

Vava Tampa

The United Nations says Rwanda has helped to create and militarily supported M23. Although Rwandan President Paul Kagame denies backing M23, the accusation has taken off some of the international gloss he had long enjoyed in the West, and precipitated cuts and suspension of aid money that goes directly to the Kagame regime by the Netherlands, Sweden, Germany, Britain and the European Union.

The United States, which gives no money directly to the Rwandan government, suspended its military aid. In a baffling expression of a refinement of the U.S. position, President Obama made a rare telephone call to Kagame to emphasize "the importance of permanently ending all support to armed groups in the DRC." That set a firm red line on the situation in that region, the first one by President Obama since becoming president in 2008.

Watch video: Kagame on Congo

This was certainly right and good. Kagame is no fool; the diplomatic but emphatic content of that telephone call, monitored by White House's National Security staff and published thereafter for public consumption, speaks volumes. He clearly understood the implicit threat. But it was not good enough.

Left unsaid is that withholding aid money that goes directly to the Kagame regime has not changed many realities on the ground -- a painful reminder of the limits of what previous half-hearted, ambivalent international attempts to halt the crisis in that country had achieved.

However, the situation is not hopeless. President Obama can help to halt the wars engulfing the Congo. It is both economically and politically affordable.

Here is my suggestion -- a three-point road map, if you like, for President Obama, should he choose to put the weight of the United States squarely on the side of the Congolese and engage much more robustly to help end the world's bloodiest war and human tragedy.

Read more: Why the world is ignoring Congo war

1. Changes in Kinshasa

If we are to be blunt with ourselves, Congo's major problem today -- the chief reason that country remains on its knees -- is its president Joseph Kabila. Paul Kagame is just a symptom, at least in theory.

The crisis of leadership in the capital Kinshasa, the disastrous blend of lack of political legitimacy and moral authority, mixed with poor governance and vision deficiency, then compounded with dilapidated state institutions, has become the common denominator to the ills and wrongs that continues to overwhelm the Congo.

In other words, peace will never be secured in Congo, if the moribund status quo is still strutting around Kinshasa.

Obama's minimum objective in regard to ending the wars and human tragedy engulfing the Congo should be to push for changes in Kinshasa. He must make this one of the "10 Commandments" of the Obama Doctrine.

Circumstances demand it to re-energize Congo's chance of success and to enable the renaissance of a "New Africa." And given the effects of Congo's mounting death toll and the speed at which HIV/AIDS is spreading because of the use of rape as a weapon of war, the sooner the better.

2. Keep Kagame in the naughty corner

The wars and human tragedy engulfing the Congo have many fathers and many layers. Rwanda, and to some extent Uganda -- run by Africa's two dearest autocratic but staunchly pro-American regimes -- are, as they have been many times in the past, despite their denials, continuing to provide support to warlords and militia gangs terrorizing the Congolese people.

This is not an apocryphal claim, it's an open secret in Kinshasa, Kampala and Kigali as much as it is in Washington or White Hall, and as real as Charles Taylor's role in Sierra Leone or Iran's support to Hezbollah.

If President Obama is remotely serious about saving lives in Congo, then fracturing Rwanda's ability to directly or indirectly harbor warlords ... is critical.
Vava Tampa, Save the Congo

Indeed, reporters across Congo and across the region would testify to this. Kigali has been, one can safely argue, the sole shareholder in the M23 militia gang -- and its elder sisters CNDP and RCD-Goma.

It cannot wash its hands in Pontius Pilate fashion of either the ICC-wanted M23 warlord Bosco Ntaganda, also known as The Terminator, or Laurent Nkunda, who is wanted by the Congolese government for war crimes and is under house arrest in Kigali.

Read more: Prosecutor seeks new Congo war crimes warrants

If President Obama is remotely serious about saving lives in Congo, then fracturing Rwanda's ability to directly or indirectly harbor warlords, support militia gangs, militarize or ethnicize the wars in Congo for control of Congo's easily appropriable but highly valuable natural resources is critical, however politically disgruntling it may be to some in the State Department.

It would reduce the scale, scope and intensity of the killing, raping and uprooting of the Congolese, it would crush Kinshasa's ability to use external support to warlords and militia gangs as an alibi for a lack of progress and, above all, decrease the growing unease of the Congolese towards Rwanda over the crimes of FDLR and the role played by their government in Congo.

3. FDLR

The continued existence in Congo of FDLR, a Rwandan militia gang made up largely of Hutus -- whose leadership took part in the 1994 genocide of Tutsi -- remains one of the most persistent and serious threats to stability in Congo and the region.

Addressing this crisis is of significant importance from both a political and humanitarian viewpoint.

Though there are no definitive statistics on the exact numbers of FDLR fighters, the good news is that experts tell us that the vast majority of its rank and file are in their 20s and early 30s, which means they were too young to have taken part in the genocide in 1994.

The United States, together with the U.N., the EU and African Union, should appoint a special envoy for the African Great Lakes region to midwife a conducive political arrangement in Kigali that could see them returning home -- and see their leaders and fundraisers in Europe arrested.

The opinions expressed in this commentary are solely those of Vava Tampa.

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Blizzard kills 1, leaves hundreds of thousands without power

New York—

A blizzard pummeled the Northeastern United States, killing at least one person, leaving hundreds of thousands without power and disrupting thousands of flights, media and officials said.

Forecasters warned of more heavy winds and snowfalls on Saturday, particularly near Boston, where up to 30 inches was expected in some areas, as well as in New York, Connecticut and Maine.

Snowfall reached 34 inches in New Haven, Conn. Snow was still falling at 6 a.m.

In the first death blamed on the blizzard, one man in his seventies was killed when a driver lost control of her car and hit him in Poughkeepsie, New York, media reported.

The Pilgrim Nuclear Power Plant in Plymouth, Massachusetts lost power and automatically shut down during the storm late on Friday, but there was no threat to the public, said the Nuclear Regulatory Commission.

Winds reached 35 to 40 miles per hour (56 to 64 km per hour) by Friday afternoon and forecasters expected gusts up to 60 mph overnight.

The storm prompted the governors of Massachusetts, Rhode Island, Connecticut, New York and Maine to declare states of emergency.

Massachusetts Governor Deval Patrick took the rare step of announcing a ban on most car travel starting Friday afternoon, while Connecticut Governor Dannel Malloy closed the state's highways to all but emergency vehicles.

By Friday night some commuter trains that run between New York City and Westchester County, Long Island and Connecticut had already been suspended. Amtrak suspended railroad service between New York, Boston and points north on Friday afternoon.

In many cases, authorities ordered non-essential government workers to stay home, urged private employers to do the same, told people to prepare for power outages and encouraged them to check on elderly or disabled neighbors.

"People need to take this storm seriously," said Malloy, Connecticut's governor. "Please stay home once the weather gets bad except in the case of real emergency."

More than 160,000 lost power in Massachusetts, almost 200,000 in Rhode Island and 34,000 in Connecticut, according to local utilities.

The storm wasn't bad news for everyone.

In New York City, Mayor Michael Bloomberg suggested people relax at home - cook or watch a movie. Bloomberg said he planned on catching up on his sleep.

As she stocked up at a Brooklyn grocery store, 28-year-old Jackie Chevallier said that after two years without much snow, she was looking forward to waking up to a sea of white.

"I'd like to go sledding," she said.

The storm also posed a risk of flooding at high tide to areas still recovering from Superstorm Sandy last October.

"Many of the same communities that were inundated by Hurricane Sandy's tidal surge just about 100 days ago are likely to see some moderate coastal flooding this evening," said Bloomberg.

(Additional reporting by Scott Malone in Boston; Editing by Lisa Shumaker and Andrew Heavens)

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Japan may release data proving Chinese radar incident: media

TOKYO (Reuters) - Japan may release data it says will prove a Chinese naval vessel directed its fire control radar at a Japanese destroyer near disputed islands in the East China Sea, local media reported.

Japan has said a Chinese frigate on January 30 locked its targeting radar on a Japanese destroyer - a step that usually precedes the firing of weapons - but China insists that its vessel used only ordinary surveillance radar.

The incident has added to tensions between the two nations over the disputed islands.

Japan will consider how much normally classified data it can release, the media reports said, citing comments by Japan Defence Minister Itsunori Onodera on local television.

"The government is considering the extent of what can be disclosed," Kyodo news agency quoted Onodera as saying.

China has accused Japan of smearing its name with the accusations, and on Saturday, the official Xinhua news agency continued the war of words.

"By spreading false accusations and posing as a poor victim, Japan had intended to tarnish China's image so as to gain sympathy and support, but a lie does not help," it said in an English language commentary.

"China has been exercising maximum restraint and stayed committed to solving the dispute through dialogue and consultation."

Japan and China have been involved in a series of incidents in recent months in the East China Sea where Chinese and Japanese naval vessels regularly shadow each others movements.

Both countries claim a small clusters of islands, known as Diaoyu in China and Senkaku in Japan, believed to be rich in oil and gas. Controlled by Japan, possession of the uninhabited outcrops and the sea surrounding them would provide China with easier access to the Pacific.

Hopes had been rising for an easing in tensions, including a possible summit between Japanese Prime Minister Shinzo Abe and Chinese Communist Party chief Xi Jinping. But the radar issue has seen China and Japan engage in a fresh round of invective.

China's Defence Ministry on Thursday said Japan's complaints did not "match the facts". The Chinese ship's radar, it said, had maintained regular alerting and surveillance operations and the ship "did not use fire control radar".

Japan's position against China has hardened since Abe led his conservative party to a landslide election victory in December, promising to beef up the military and stand tough in territorial disputes.

The commander of U.S. forces in the Asia-Pacific said the squabble between Japan and China underlined the need for rules to prevent such incidents turning into serious conflict.

China also has ongoing territorial disputes with other Asian nations including Vietnam and the Philippines over islands in the South China Sea.

(Reporting by Tim Kelly; Additional reporting by Ben Blanchard in BEIJING; Editing by Michael Perry)

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Euro near two-week low, shares up on rekindled rate cut hopes

LONDON (Reuters) - World shares rose and the euro hovered near a two-week low on Friday, on course for its biggest weekly loss in seven months after the European Central Bank rekindled speculation about another cut in interest rates.

Strong Chinese trade data help lift optimism about global growth prospects, boosting oil, copper and shares, although U.S. stocks were poised for a mixed start with the key S&P 500 index expected to record its first weekly drop of the year. <.n>.

The ECB left rates at a record low 0.75 percent on Thursday but the bank's President Mario Draghi levered the door to a cut back open by indicating it would monitor whether the euro's rise over recent months could push inflation below its comfort zone.

European shares were enjoying their best day of the month on the better Chinese data and hopes lower rates -- or at least the threat of them -- would reverse some of the 8 percent rise in the trade-weighted value of the euro since August.

"The ECB had quite an impact on the euro-dollar and the positive Chinese data we have had has helped shares," said ABN Amro economist Aline Schuiling.

"Draghi signaled quite clearly yesterday that with the rise in the euro, the risks to price stability are to the downside. We expect the dollar to continue to strengthen, but if that reverses then markets would price in a rate cut."

London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> were up 0.4, 0.45 and 0.2 percent respectively by 1230 GMT pushing the pan-European FTSEurofirst 300 <.fteu3> up 0.6 percent, though it was still on course for its second consecutive weekly fall.

Draghi said the euro's recent surge was a sign of a return of confidence, but cautioned: "We certainly want to see whether the appreciation is sustained and will alter our risk assessment as far as price stability is concerned."

The common currency was little changed at around $1.3440, after having fallen 0.9 percent on Thursday in response to Draghi's comments to briefly touch $1.33705, the lowest level since January 25.

The yen was the other key focus of foreign exchange markets following the push by Japan's government to ease monetary policy, and it rose sharply after the country's finance minister said the currency's recent drop had been overdone.

The euro fell as much as 1.5 percent against the yen to 123.54 yen while the dollar shed more than 1 percent to hit a session low of 92.17 yen before both currencies staged modest recoveries.

HAPPY LUNAR NEW YEAR

Helping to bolster strengthening global growth hopes, China said its exports grew 25 percent in January from a year ago, the strongest showing since April 2011 and well ahead of market expectations, while imports also beat forecasts, surging 28.8 percent on the year.

The prospect for stronger Chinese demand lifted all industrial commodities, including copper which snapped a three-day losing streak to gain 0.4 percent to $8,229 a metric ton (1.1023 tons).

Brent crude oil edged towards a nine-month high above $118 a barrel on the robust trade data, which augurs well for fuel demand, while supply worries stemming from tensions in the Middle East have also supported prices.

Earlier MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> added 0.3 percent and Australian shares rallied 0.7 percent to 34-month highs on the data.

China's markets are closed next week for the Lunar New Year holiday, while Hong Kong will resume trading on Thursday. Despite Friday's gains, MSCI's world equity index <.miwd00000pus> was on course for a weekly fall of nearly one percent, which would be its biggest drop since November and the first weekly decline of 2013.

However, the global index is still up four percent for the year to date and not far from its best levels since mid-2008.

BANK REPAYMENTS

Money markets rates reversed some of their recent gains following Draghi's insistence that the ECB's policy will remain accommodative.

The central bank also said on Friday that banks will return another 5 billion euros of its crisis loans next week, suggesting the initial flood of repayments has turned into a steady trickle.

In the bond market, benchmark German Bund futures continued to push higher as Draghi's cautious tone on the euro zone's economy underpinned demand for low risk assets.

Nagging concerns about political stability in Spain and Italy were piling pressure on higher-yielding peripheral bonds to the benefit of Bunds, overshadowing an Irish bank debt deal that will cut Dublin's borrowing costs over the next decade.

"On the 10-year Spanish bonds, we could go significantly above 5.5 percent and reach the 5.6 area and it can be quite fast," BNP Paribas strategist Patrick Jacq said.

But "On a longer-term view we still expect market friendly outcomes of the political issues, and the setbacks offer some opportunities to enter long positions."

Spanish 10-year yields were last at 5.42 percent while equivalent Italian yields were about 1 basis point up at 4.58 percent.

(Additional reporting by Richard Hubbard and Emelia Sithole-Matarise; editing by Philippa Fletcher)

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Illini buzzer-beater upsets No. 1 Hoosiers, 74-72

CHAMPAIGN, Ill. (AP) — At this rate, no one will want to be No. 1.

Indiana became the fifth straight top-ranked men's college basketball team to lose, falling to unranked Illinois 74-72 on a buzzer-beater by Tyler Griffey on Thursday night.

The senior forward took an inbounds pass with 0.9 seconds to play and made a wide-open layup. And, just like that, the Hoosiers — who moved into the top spot by beating then-No. 1 Michigan just a few days ago — went down.

Indiana coach Tom Crean, whose team has been No. 1 for a total of seven weeks this season after opening there, doesn't know why the top spot is suddenly so hard to hang on to.

"I can't answer that. I'm not sure," Crean said. "I just know that these games are 40-minute games. We played at a high level for most of the game."

The Hoosiers (20-3, 8-2 Big Ten) were in charge until the final 3 1/2 minutes when the Illini (16-8, 3-7 Big Ten) finally put together a run to take and then retake the lead.

"I know this: When we turn the ball over, we're not very good," Crean said. "And the biggest difference tonight was 28 points off turnovers to our 16."

Hoosiers guard Jordan Hulls said flatly that the top rank had nothing to do with Thursday's loss, even for a team that some worried might be looking past unranked, slumping Illinois to a meeting Sunday with No. 10 Ohio State.

"We just didn't execute when we needed to," he said.

If Indiana falls from No. 1 on Monday, No. 2 Florida might not be a candidate to replace the Hoosiers after the Gators' loss this week to Arkansas. That could put No. 3 Michigan back on top if they can make it to Monday without a loss.

For the Hoosiers, nothing could have been worse than the way Thursday's game ended.

With 0.9 seconds, Griffey left defenders Cody Zeller and Christian Watford behind on an inbounds play from the baseline, took the pass from Brandon Paul and delivered the uncontested buzzer-beater.

The shot sent hundreds of students onto the court, though they waited as officials checked the replay to make sure the clock hadn't beaten Griffey. Once the basket was upheld, Paul and fellow guard D.J. Richardson hugged and teared up in relief.

Illinois had endured an awful run since starting 12-0. The Illini had since lost eight of 11 and fallen to 10th in the 12-team Big Ten.

Griffey, who had struggled as bad as any Illini player, seemed surprised at how easily the winning shot came.

"I just made a simple curl cut and left two guys behind me, and Brandon got off a heck of a pass," he said. "Zeller and Watford were both right in front of me and just kind of stayed there."

Crean said the play was a lot like the other breakdowns in the Hoosiers' game that let Illinois climb back from a 12-point halftime deficit.

"We didn't communicate," he said.

Indiana's loss drops them into a three-way tie for first in the Big Ten with Michigan and Michigan State. The win moves the Illini up into a ninth-place tie with Iowa but, more importantly, provides a potential lifeline ahead of a meeting Sunday at No. 18 Minnesota.

"It was good to get back to having that toughness and togetherness and trust that we needed," Illinois coach John Groce said.

Illinois also added a plank to what may be one of the oddest resumes of any team in the country trying to make the NCAA tournament. Illinois has lost to Purdue, Northwestern and twice to Wisconsin. But coming into Thursday night, the Illini had already beaten three teams now in the top 15: No. 6 Gonzaga, No. 10 Ohio State and No. 14 Butler.

Before Thursday, Illinois hadn't beaten a No. 1 team since a win over Wake Forest in 2004.

Richardson had 23 points for Illinois, Paul had 21 and Griffey finished with 14 points and eight rebounds.

Zeller led Indiana with 14 points, while Will Sheehey had 13, Watford 12 and Hulls 11.

Indiana shot 50 percent from the field (25 of 50), 52.9 percent from 3-point range (9 of 17) and 93 percent from the free throw line (13 of 14). The Hoosiers led by an eight- to 10-point margin for most of the second half.

When 6-foot-11 Nnanna Egwu fouled out with just under 5 minutes to play, Indiana appeared in control. Watford made both free throws and, at 69-59, the Illini looked done.

But Richardson went on a one-man run, first burying back-to-back 3-pointers and then hitting a midrange jumper on the run to tie it at 70 with 1:17 to play.

With the clock under 30 seconds and the game tied at 72, Indiana had the ball for what would have been a last shot but Victor Oladipo coughed up the ball. Richardson picked it up and tried a breakaway layup that Oladipo just swatted out of bounds to set up the final play.

Groce credited Richardson for providing a spark.

"I thought he was absolutely terrific on both ends of the floor," Groce said. "He battled, he fought."

Griffey was benched several weeks ago after a blowout loss at Wisconsin. On a team that had lost its shooting touch, the senior forward had especially struggled. And, though one of Illinois' bigger players at 6-9, he wasn't adding much to the inside presence the Illini desperately needed.

Groce said that, even after he benched Griffey, he never gave up on him.

"I just have told him numerous times here I believe in him," the first-year Illinois coach said. "I do."

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Asteroid may have killed dinosaurs quicker than scientists thought

CAPE CANAVERAL, Florida (Reuters) – Dinosaurs died off about 33,000 years after an asteroid hit the Earth, much sooner than scientists had believed, and the asteroid may not have been the sole cause of extinction, according to a study released Thursday.

Earth’s climate may have been at a tipping point when a massive asteroid smashed into what is now Mexico‘s Yucatan Peninsula and triggered cooling temperatures that wiped out the dinosaurs, researchers said.

The time between the asteroid’s arrival, marked by a 110-mile-(180-km-)wide crater near Chicxulub, Mexico, and the dinosaurs’ demise was believed to be as long as 300,000 years.

The study, based on high-precision radiometric dating techniques, said the events occurred within 33,000 years of each other.

Other scientists had questioned whether dinosaurs died before the asteroid impact.

“Our work basically puts a nail in that coffin,” geologist Paul Renne of the University of California Berkeley said.

The theory that the dinosaurs’ extinction about 66 million years ago was linked to an asteroid impact was first proposed in 1980. The biggest piece of evidence was the so-called Chicxulub (pronounced “cheek’-she-loob”) crater off the Yucatan coast in Mexico.

It is believed to have been formed by a six-mile-(9.6-km-) wide object that melted rock as it slammed into the ground, filling the atmosphere with debris that eventually rained down on the planet. Glassy spheres known as tektites, shocked quartz and a layer of iridium-rich dust are still found around the world today.

Renne and colleagues reanalyzed both the dinosaur extinction date and the crater formation event and found they occurred within a much tighter window in time than previously known. The study looked at tektites from Haiti, tied to the asteroid impact site, and volcanic ash from the Hell Creek Formation in Montana, a source of many dinosaur fossils.

NEW DATING TECHNIQUE

“The previous data that we had … actually said that they (the tektites and the ash) were different in age, that they differed by about 180,000 years and that the extinction happened before the impact, which would totally preclude there being a causal relationship,” said Renne, who studies ties between mass extinctions and volcanism.

He and colleagues were comparing a new technique to date geologic events when they realized there was a discrepancy in the timing – the so-called ‘K-T boundary’ – the geological span of time between the Cretaceous and Paleocene periods when the dinosaurs and most other life on Earth died out.

“I realized there was a lot of room for improvement. Even though many people had locked in their opinions that the impact and the extinctions were synchronous or not, they were basically ignoring the existing data,” Renne said.

The study, published in Science, resolves existing uncertainty about the relative timing of the events, notes Heiko Pälike of the Center for Marine Environmental Sciences at the University of Bremen, Germany.

Renne, for one, does not believe the asteroid impact was the sole reason for the dinosaurs’ demise. He says ecosystems already were in a state of deterioration due to a major volcanic eruption in India when the asteroid struck.

The asteroid strike “provided the coup-de-grace for the final extinctions,” Renne said, adding that the theory was speculative, but backed by previous ties between mass extinction events and volcanic eruptions.

About 1 million years before the impact, Earth experienced six abrupt shifts in temperature of more than 2 degrees in continental mean annual temperatures, according to research cited by Renne and his co-authors.

The temperature swings include one shift of 6 to 8 degrees that happened about 100,000 years before the extinction.

“The brief cold snaps in the latest Cretaceous, though not necessarily of extraordinary magnitude, were particularly stressful to a global ecosystem that was well adapted to the long-lived preceding Cretaceous hothouse climate. The Chicxulub impact then provided a decisive blow to ecosystems,” Renne and his co-authors wrote in Science.

(Editing by Tom Brown and Stacey Joyce)

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Why I dread Chinese New Year

Kids see Chinese New Year through rose-tinted glasses.

STORY HIGHLIGHTS

• Zoe Li: As an adult, Chinese New Year is an annual nightmare


• It's a time when relatives have the right to be judgmental


• Superstitious Chinese New Year foods often aren't that tasty

(CNN) -- For me, Chinese New Year used to be fun.

When I was a kid, I was excited during Chinese New Year when I got lai see and I could stay up late. I even had access to candy, a once-a-year treat while living under the roof of my Tiger Mom.

Riding strong on the sugar highs, I always thought to myself, this is what it must feel like to be an adult. I was flush, free and giddy.

Then at some point in my twenties, Chinese New Year became a chore. Not any garden variety chore, but a cold-sweat-inducing family obligation that I try hard to avoid.

As an adult, Chinese New Year is an annual nightmare, for the following reasons:

1. I find it sucks when you are single

Single twenty-something? Smile while you can until the interrogation begins.

Relatives feel that they have a right to judge you because you do share bits of DNA, so, really, it's almost like they're judging themselves.

Typically, the extended family gathers for Chinese New Year and spends an inordinate amount of time together, during which people get bored and focus their restlessness on judging the younger generation, particularly those who are single.

Singledom means a lack of responsibilities and responsibility-free people need to be reined in by the wisdom of elders, or they will be reckless with their directionless lives.

Here are some unavoidable conversations at Chinese New Year. By "conversations" I really mean monologues by one Wise Elder or another, fired away at a particular Single Younger in a trance-like manner:

"Why don't you have a boyfriend? If you have a boyfriend, why don't you get married?"

"Why are you not dieting at least a little bit? Second Cousin Yong Yong will have to start bringing clothes from America for you."

"What happened to your hair? Blue is not such a good color for us Chinese people."

"Are you saving up for an apartment? Why not? The most important thing in life is to have a roof over your head. You don't want to be homeless, do you? What if the economy collapses again? At least you will have an apartment."

"Why don't you get a better paid job? You are wasting your talent. You will regret your life."

2. I am employed

I loved the great Chinese tradition of gifting lai see. Getting HK$20 for no reason other than tradition really rocked my seven-year-old world.

I have an income now, so twenty bucks here and there doesn't make a huge difference, but I still retain that childhood anticipation for the red packets. It's just a bit disappointing when I open up an envelope and it isn't concealing a massive check.

And it's the guilt from feeling disappointed that makes me really hate Chinese New Year for making me hate myself.

It's just like being unable to conceal your letdown expression when unwrapping that pair of socks at Secret Santa parties.

Gifting is a heartwarming tradition. It's the thought that counts. I am not supposed to care. I am a bad person.

There's even worse.

Chinese New Year gambling is just out of hand.

Now that I have a job, I'm expected to bet real money at The Mahjong Table, a no man's land filled with hidden agendas, treacherous scheming and Janus-faced traitors.

If you beat your elder relatives at mahjong one too many times, beware their wrath. It really hurts when you get hit by a mahjong tile.

If you lose on purpose to your elders and are unable to skillfully conceal your purposefulness, you risk looking patronizing.

It will put them in a bad mood and lead to a vengeful "what are you doing with your life" interrogation later. See point number one.

If you're simply crap at the game, you lose a load of money and will probably be judged for being not very intelligent. See point number one again.

3. I like good food

Chinese New Year cake is good only when it's homemade.

When foreigners make jokes about Chinese eating weird foods, I cringe.

When Chinese New Year comes around, I'm the one making the damn jokes.

At this time of year, we do get some incredible festive dishes.

And then there are those odd ones that make you feel like the taste, texture and nutritional content of food have all become irrelevant -- we only eat for superstitions.

Lots of Chinese New Year foods are auspicious in meaning, but atrocious in taste. I propose that we at least get rid of these three that are now out of touch with our lives:

Chinese New Year cake

Called "leen go" in Cantonese ("niangao" in mainland China), the name sounds auspicious and means "to progress more and reach higher every year."

The cake is made from glutionous rice, sugar and flavored with red bean paste or jujubes. Cut into thin slices, dip into beaten eggs and pan fry until it's gooey on the inside and crisp on the outside.

The problem is, no one makes these at home anymore and the store-bought version is bland and stodgy, like eating slices of caulking.

Since glutinous rice is considered difficult to digest for the elderly, us Single Youngers who have nothing to lose are forced to finish the plateful.

Sugared lotus seeds

Back in the day -- before globalization brought us jelly beans and Sugus, before the invention of Coca-Cola, before Christopher Columbus brought cocoa beans to the Old World -- eating sugar-coated lotus seeds during Chinese New Year seemed like a good idea.

Today, we have so many more delicious ways to feed our sweet tooth, so why do people still buy sugared lotus seeds?

They look like mothballs, taste one dimensional and feel like a marble of sand broken upon the tongue.

The name "leen tsi" sounds like "to birth sons each year." No one in the family likes to eat them and most of them already have kids, which means us Single Youngers have to swallow.

Gok tsai

These are deep-fried sweet dumplings. The skin is a thick, lifeless pastry made from lard, the filling is a mind-numbingly sweet blend of sugar and nuts.

Its shape and color makes it, somewhat, resemble a gold ingot. Eating these symbolize prosperity for the new year.

If I had to run a marathon, I might appreciate the fat bomb. But the only thing that I run are scripts on my browser.

That point, like the others in this post, is lost on the Wise Elders, wise as they are.

The opinions expressed in this commentary are solely those of Zoe Li. A former CNN employee, Zoe is a Hong Kong resident and edits the Hong Kong section of BLOUIN ARTINFO.

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