Wall Street rebounds on Bernanke comments, data

NEW YORK (Reuters) - U.S. stocks rebounded from their worst decline since November on Tuesday after Federal Reserve Chairman Ben Bernanke defended the Fed's bond-buying stimulus and sales of new homes hit a 4 1/2-year high. The S&P 500 had climbed 6 percent for the year and came within reach of all-time highs before the minutes from the Fed's January meeting were released last Wednesday....

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Experts: Pistorius violated basic firearms rules

JOHANNESBURG (AP) — Even if Oscar Pistorius is acquitted of murder, firearms and legal experts in South Africa believe that, by his own account, the star athlete violated basic gun-handling regulations and exposed himself to a homicide charge by shooting into a closed door without knowing who was behind it.Particularly jarring for firearms instructors and legal experts is that Pistorius testified...

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Benedict: Pope aware of his flaws?

Pope Benedict XVI delivers his last Angelus Blessing to thousands of pilgrims gathered in Saint Peter's Square on February 24.STORY HIGHLIGHTSSister Mary Ann Walsh: Pope Benedict acknowledged that he made mistakesWalsh: In firestorm over scholarly quotes about Islam, he went to great lengths to atoneWalsh: Similarly, he quickly reversed a decision that had angered Jews and repaired tiesEven his stepping...

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Midwest winter storm: Snow, sleet making travel hazardous

Chicago's midday full weather forecast. (WGN - Chicago) A winter weather advisory is in effect until tonight as sleet, freezing...

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Italy parties seek way out of election stalemate

ROME (Reuters) - Italy's stunned political parties searched for a way forward on Tuesday after an inconclusive election gave none of them a parliamentary majority and threatened prolonged instability and a renewal of the European financial crisis. The results, notably the dramatic surge of the anti-establishment 5-Star Movement of comic Beppe Grillo, left the center-left bloc with a majority...

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AP source: Tom Brady gets 3-year extension

Tom Brady will be a Patriot until he is 40 years old.Brady agreed to a three-year contract extension with New England on Monday, a person familiar with the contract told The Associated Press. The extension is worth about $27 million and will free up nearly $15 million in salary cap room for the team, which has several younger players it needs to re-sign or negotiate new deals with.The person spoke...

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Iran plans own response to 'Argo'

(File photo) Argo tells the story of a rescue of U.S. diplomats from revolutionary Iran.STORY HIGHLIGHTSBen Affleck's "Argo" tells the story of a dramatic rescue of U.S. diplomats from revolutionary IranIranian state media criticize the movie as "replete with historical inaccuracies and distortions"Iran's Art Bureau says it will fund its own film about the handing over of 20 U.S. hostages(CNN) --...

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Woman freed after conviction in son's death tossed

Nicole Harris, who has been locked up since the 2005 death of her son, walked out of an Illinois prison today after an appeals...

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Investors face another Washington deadline

NEW YORK (Reuters) - Investors face another Washington-imposed deadline on government spending cuts next week, but it's not generating the same level of fear as two months ago when the "fiscal cliff" loomed large. Investors in sectors most likely to be affected by the cuts, like defense, seem untroubled that the budget talks could send stocks tumbling. Talks on the U.S. budget...

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Johnson wins 2nd Daytona 500; Patrick finishes 8th

DAYTONA BEACH, Fla. (AP) — A big first for Danica Patrick, but an even bigger second for Jimmie Johnson.Patrick made history up front at the Daytona 500 Sunday, only to see Johnson make a late push ahead of her and reclaim his spot at the top of his sport.It was the second Daytona victory for Johnson, a five-time NASCAR champion who first won "The Great American Race" in 2006.Patrick, the first woman...

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