Deutsche Telekom finance head to become CEO at end 2013

FRANKFURT (Reuters) - Deutsche Telekom Chief Executive Rene Obermann will step down at the end of next year and be succeeded at the helm of Germany's former state telecoms monopoly by finance director Timotheus Hoettges. Hoettges, 50, said on Thursday he was not planning major changes to strategy and would continue Obermann's drive of investing in the United States and Germany as the...

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Michael Phelps voted AP male athlete of year

Now that he's away from the pool, Michael Phelps can reflect — really reflect — on what he accomplished.Pretty amazing stuff."It's kind of nuts to think about everything I've gone through," Phelps said. "I've finally had time to myself, to sit back and say, '... that really happened?' It's kind of shocking at times."Not that his career needed a capper, but Phelps added one more honor to his staggering...

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Thousands mourn U.S.-Mexican singer Jenni Rivera

LOS ANGELES (Reuters) – Thousands of mourners on Wednesday packed a Los Angeles theater to pay their final respects to Mexican-American singer Jenni Rivera more than a week after her death in a plane crash.Rivera, 43, best known for her work in the Mexican folk Nortena and Banda genres, died after the small jet she was traveling in crashed in northern Mexico on December 9.Rivera’s family, dressed...

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AP IMPACT: Steroids loom in major-college football

WASHINGTON (AP) — With steroids easy to buy, testing weak and punishments inconsistent, college football players are packing on significant weight — 30 pounds or more in a single year, sometimes — without drawing much attention from their schools or the NCAA in a sport that earns tens of billions of dollars for teams.Rules vary so widely that, on any given game day, a team with a strict no-steroid...

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Halle Berry, Chaka Khan among 2013 BET Honorees

NEW YORK (AP) — Actress Halle Berry and musician Chaka Khan will be honored at the 2013 BET Honors.The network announced Thursday that basketball star Lisa Leslie, music executive Clarence Avant and religious leader T.D. Jakes will also be celebrated at the Jan. 12 event in Washington at the Warner Theatre. The special airs Feb. 11.BET Honors highlights African Americans performing at top levels in...

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Intercontinental to pay $8.2B for NYSE

The IntercontinentalExchange has agreed to buy rival exchange NYSE Euronext for $8.2 billion, as it moves to create one of the...

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FBI offering $50,000 for help in capturing prison escapees

The FBI is offering a $50,000 reward for information leading to the capture of two convicted robbers who rappelled down the side of a high-rise federal jail in the...

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Strong software sales push Oracle shares to 19-month high

(Reuters) - Shares of Oracle Corp, the world's No. 3 software maker, rose 4 percent to their highest in 19 months on Wednesday after it forecast strong sales for next year, prompting several brokerages to raise their price targets on the stock. The company's results often set the tone for smaller software makers, and analysts said the 17 percent jump in its quarterly software sales boded...

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Penn State voted AP sports story of year again

NEW YORK (AP) — The Penn State child sex abuse scandal was selected as the sports story of the year by U.S. editors and news directors in an annual vote conducted by The Associated Press.The news broke in November 2011, with a grand jury report outlining charges against Jerry Sandusky, and the outrage that followed led to the firing of Hall of Fame coach Joe Paterno. But the aftershocks were felt...

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Experts: Kids are resilient in coping with trauma

WASHINGTON (AP) — They might not want to talk about the gunshots or the screams. But their toys might start getting into imaginary shootouts.Last week's school shooting in Connecticut raises the question: What will be the psychological fallout for the children who survived?For people of any age, regaining a sense of security after surviving violence can take a long time. They're at risk for lingering...

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