Steelers cut Rainey after domestic violence arrest

(Reuters) - The Pittsburgh Steelers have cut rookie running back Chris Rainey following his arrest for a domestic battery, the National Football League team said on Thursday."Chris Rainey's actions this morning were extremely disappointing," said Steelers general manager Kevin Colbert in a statement on the team's website. "Under the circumstances and due to this conduct, Chris will no longer be a...

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Sony uses movie studio to press ultra-HD advantage

LAS VEGAS (AP) -- Sony Corp. is finally pressing its advantage as a conglomerate that owns both high-tech gadgets and the content that plays on them by being the only electronics maker to offer ultra-HD TVs — and a way to get movies to the new super clear screens.Ultra-high definition TVs, which quadruple the number of pixels of current high definition technology, have been the talk of the International...

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Spending on consumer electronics will climb to $1.1 trillion in 2013

According to the Consumer Electronics Association, worldwide spending on consumer gadgets will reach $1.1 trillion in 2013. The CEA, which organizes the Consumer Electronics Show set to kick off on Tuesday, said global consumer spending on electronics will grow 4% over 2012 after having dipped roughly 1% last year. The estimate comes from Steve Koenig, director of industry analysis for the CEA, and...

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With BlackBerry 10, there’s no place like home

Research In Motion (RIMM) has a steep hill to climb as it prepares to unveil its next-generation BlackBerry 10 operating system later this month. Launching sleek new BlackBerry 10 handsets that prompt a healthy portion of its current user base to upgrade is of the utmost importance, of course. Just as important, however, is creating a user experience that showcases compelling differentiation and...

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AIG decides not to join Greenberg suit against government: WSJ

(Reuters) - American International Group Inc will not join a lawsuit against the U.S. government challenging the terms of the insurer's 2008 bailout, the Wall Street Journal reported on Wednesday, citing unnamed sources.AIG had said its board was meeting Wednesday to consider the possibility of joining the suit filed by former CEO Hank Greenber...

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Morgan Stanley cuts 1,600 jobs as business languishes

 Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on Wednesday, in the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums.The staff reduction pertains to Morgan Stanley's institutional securities unit - which includes sales, trading and investment banking, and whose staff will be reduced...

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Wall Street gains as earnings flow in; Boeing up

NEW YORK (AP) — Stocks rose on Wall Street Wednesday after U.S. corporate earnings reports got off to a good start.The Dow Jones industrial average climbed 61.66 points to 13,390.51, its first gain of the week. The Standard & Poor's 500 index gained 3.87 points to 1,461.02, and the Nasdaq composite rose 14 to 3,105.81.Having rallied after a last-minute resolution stopped the U.S. from going over...

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American Football-Alabama crush Notre Dame to win championship

MIAMI (Reuters) - Alabama's 'Crimson Tide' swept aside Notre Dame in the BCS Championship game on Monday, dominating the 'Fighting Irish' 42-14 to win their third college football title in four years. Notre Dame, 12-0 in the regular season, had been looking for their first national title since 1988 but were all at sea against irresistible Alabama, who set the tone of the game with an utterly one-sided...

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American Football-Saban completes Crimson dynasty

MIAMI, Jan 8 (Reuters) - University of Alabama head coach Nick Saban secured his status as one of the greats of college football on Monday, guiding the 'Crimson Tide' to their third national title in four years with a crushing 42-14 victory over Notre Dame.In the same Sun Life Stadium where he endured a brief, fruitless and unhappy experience as an NFL head coach with the Miami Dolphins, Saban tasted...

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Saban completes Crimson dynasty

MIAMI (Reuters) - University of Alabama head coach Nick Saban secured his status as one of the greats of college football on Monday, guiding the 'Crimson Tide' to their third national title in four years with a crushing 42-14 victory over Notre Dame.In the same Sun Life Stadium where he endured a brief, fruitless and unhappy experience as an NFL head coach with the Miami Dolphins, Saban tasted college...

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