American, US Airways set to clinch merger

(MoneyWatch) American Airlines and US Airways (LCC) are set to announce a merger that would create the world's biggest carrier. Under the deal, which is expected to be unveiled Thursday if the timeline isn't moved up sooner and there are no last-minute snags, the combined airline would keep the "American" name. It would still require federal approval, although that is virtually ensured. US Air CEO...

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Dorner Hid Just Steps From Command Center

Christopher Dorner, the fugitive ex-cop who authorities believe died in a fiery standoff with police Tuesday night, was apparently holed up in a snow-covered cabin in the California mountains just steps from where police had set up a command post and held press conferences during a five-day manhunt.The charred remains of a body believed to be Dorner was removed from another...

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Was euro ever 'about to collapse'?

By Ramy Inocencio, for CNNFebruary 12, 2013 -- Updated 0948 GMT (1748 HKT)STORY HIGHLIGHTSFormer European Central Bank chief says euro was never going to collapseIn 2012, critics predicted at least partial breakup of 17-member eurozoneEuro plunged to 25-month low against U.S. dollar in July 2012Currency war fears prevail in run-up to G20 finance ministers meeting this weekHong Kong (CNN) -- Less than...

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Football: Valencia maintain hope against clinical PSG

VALENCIA, Spain: Paris Saint-Germain will take a 2-1 lead into the second leg of their Champions League last-16 tie against Valencia, but a dramatic late turn of events handed the Spanish side a lifeline.Going into the 90th minute here at the Mestalla on Tuesday, the French league leaders appeared in cruise control thanks to first-half goals from Ezequiel Lavezzi and Javier Pastore.However,...

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Cruise ship still gross, finally moving

STORY HIGHLIGHTSNEW: U.S. agencies join engine room fire investigationConditions are improving and activities are planned aboard the stricken ship, Carnival saysCoast Guard says the ship may arrive by Wednesday, Carnival sticks to ThursdayAn engine room fire Sunday disabled the ship(CNN) -- Ewwwww.That about sums up how people are describing conditions aboard the Carnival Triumph on Tuesday as tugboats...

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State of the Union: "Act two" of Obama's 2nd term

When the curtain rises on President Obama's State of the Union speech tonight, the White House wants it viewed as "Act Two" - a follow-up to the national goals and policy objectives of which he spoke 22 days earlier on the West Front of the Capitol. "The president has always viewed the two speeches, the inaugural address and the State of The Union, as two acts in the same play," said press secretary...

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Fugitive Ex-Cop Possibly in Home Invasion, Chase

A man resembling former policeman Christopher Dorner stole a car today in area near Big Bear, California, and possibly crashed the car before fleeing on foot, according to local law enforcement, and dozens of rounds of gunfire could be heard on local TV stations broadcasting live from the region as police pursued the suspect.Police confirmed that a suspect resembling Dorner had,...

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Why pope will long be remembered

Tim Stanley says Pope Benedict will be seen as an important figure in church history.STORY HIGHLIGHTSTimothy Stanley: Benedict XVI's resignation is historic since popes usually serve for lifeHe says pope not so much conservative as asserting church's "living tradition" He backed traditionalists, but a conflicted flock, scandal, culture wars a trial to papacy, he saysStanley: Pope kept to principle,...

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Iran expecting new nuclear offer in Kazakhstan: negotiator

TEHRAN: Iran is expecting a new offer from world powers in talks later this month in Kazakhstan over its controversial nuclear programme, a member of its negotiating team said on Monday.Iran and the P5+1 group of the United States, China, Russia, Britain, France and Germany are to resume negotiations in Almaty, Kazakhstan on February 26 after an eight-month hiatus, following up three failed...

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'Nightmare' at home for SEAL who shot Osama bin Laden

By Jamie Gumbrecht, CNNupdated 3:45 PM EST, Mon February 11, 2013The former SEAL Team six member who killed Osama bin Laden in 2011 is profiled in the March issue of Esquire magazine.STORY HIGHLIGHTSNavy SEAL who shot Osama bin Laden has no military pension or health care, report saysJournalist Phil Bronstein profiles man he calls the Shooter in the March issue of Esquire Bronstein: "He has nightmares...

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