Rex, Woody excited for Jets' new 'beginning'

FLORHAM PARK, N.J. (AP) — Rex Ryan and Woody Johnson met the media Tuesday, wearing Jets-green ties and presenting an unusually united front for a coach and owner coming off an abysmal season that produced far more in the way of turbulence than touchdowns.The general manager is gone, along with the offensive, defensive and special teams coordinators.Ryan isn't going anywhere because Johnson really...

Read More..

UPDATE 1-Golf-Johnson wins windswept PGA season-opener at Kapalua

* Matches Tiger Woods for consecutive wins out of college* Johnson holds off charge by defending champion Stricker (Adds quotes, detail)Jan 8 (Reuters) - It required a lot patience and overtime but American Dustin Johnson opened the PGA Tour season with a comfortable victory at the windswept Tournament of Champions in Hawaii on Tuesday.Johnson, who had a three-shot overnight lead, fired a five-under...

Read More..

Johnson wins windswept PGA season-opener at Kapalua

(Reuters) - It required a lot patience and overtime but American Dustin Johnson opened the PGA Tour season with a comfortable victory at the windswept Tournament of Champions in Hawaii on Tuesday.Johnson, who had a three-shot overnight lead, fired a five-under 68 for a 16-under 203 total on another blustery day at the Kapalua Resort to finish four shots clear of defending champion Steve Stricker...

Read More..

RIM shares jump in Toronto, rebound from sharp decline

TORONTO (Reuters) - Shares of Research In Motion Ltd jumped nearly 10 percent on the Toronto Stock Exchange on Thursday, following similar gains in New York on Wednesday, in a rebound from last week's sharp decline.Last Friday, the volatile stock plunged more than 20 percent after the company said on an earnings conference call that it was rolling out a new fee structure for its services segment,...

Read More..

A surprisingly good vintage as market logs gains

If you'd told investors what was going to happen in 2012 — U.S. economic growth at stall speed, an intensifying European debt crisis, a slowdown in China, fiscal deadlock in Washington, decelerating corporate earnings growth — and asked how the stock market would perform, few would have predicted a good year.But that's just what they got.The Dow Jones industrial average, the Standard & Poor's...

Read More..

Eli Lilly banks on cost controls for higher 2013 profit

(Reuters) - Eli Lilly and Co said on Friday it expects profit in 2013 to increase by more than Wall Street had been forecasting, primarily due to cost controls and improved productivity.Lilly, whose shares were up nearly 4 percent on Friday, said 2013 sales will be flat to a bit higher, despite the loss of patent on its $5 billion-a-year antidepressant, Cymbalta, in December.The Indianapolis-based...

Read More..

Pope makes longtime aide a bishop in St. Peter's

VATICAN CITY (AP) — Pope Benedict XVI has rewarded his longtime loyal secretary by making him a bishop in an elaborate ceremony in St. Peter's Basilica.The pontiff and Monsignor Georg Gaenswein, a fellow German, embraced warmly. Benedict, 85, held up well during the nearly three-hour long service Sunday, which also marked Epiphany, a Catholic feast day.Gaenswein, 56, has been Benedict's closest aide...

Read More..

Orthodox believers celebrate Epiphany with icy dip

SOFIA, Bulgaria (AP) — Thousands of young men are plunging into icy rivers and lakes across Bulgaria and Romania to retrieve crucifixes cast by priests in an old ritual marking the feast of Epiphany.By tradition, a wooden cross is cast into the water and it is believed that the person who retrieves it will be freed from evil spirits.In the central Bulgarian city of Kalofer, 350 men in traditional...

Read More..

Cameron plays down status of top credit rating

LONDON (Reuters) - Prime Minister David Cameron said the credibility of his deficit-cutting policy was more important than the judgment of credit rating agencies, as the threat of third recession since the financial crisis looms.Britain has held onto its top triple-A credit rating while the United States and France have suffered downgrades, but that endorsement has looked increasingly shaky as the...

Read More..

FedEx says it can grow by cutting costs

NEW YORK (AP) — FedEx may be pessimistic about the U.S. economy, but it's confident about growing its earnings.The world's second-largest package delivery company, a bellwether for economic health because of the vast number and kinds of shipments it handles, lowered its economic forecast for the U.S., saying there remains a lot of uncertainty for the country.FedEx maintained its earnings forecast...

Read More..