After Buying Spree, China Owns Stakes in Top U.S. Firms The New York Times | SHANGHAI - Flush with cash despite the global economic downturn, China's sovereign wealth fund quietly snapped up more than $9 billion worth of shares last year in some of the biggest American corporations, including Morgan Stanley, Bank of America and Citigroup. | Although most of the stakes were...
Financials Push Stocks Lower Wall Street Journal By KRISTINA PETERSON | NEW YORK—U.S. stocks opened the week with a modest drop, weighed by financials as investors struggled with nagging concerns over sovereign debt in Europe and U.S. government proposals to regulate banks. | The Dow Jones Industrial Average was down 40, or 0.4%, at 9972, in...
Ex-Intel executive Rajiv Goel pleads guilty in Galleon Group case The Times | Rajiv Goel, a former Intel executive, pleaded guilty today to his role in the alleged Galleon Group insider trading ring, giving damaging evidence against Raj Rajaratnam, Galleon's founder. | Goel, who was the director of strategic investments at I...
Judge questions SEC's $150m accord with BoA The Times | Bank of America (BoA) and the Securities and Exchange Commission (SEC) must wait for up to two weeks to settle an embarrassing civil suit over the bank's takeover of Merrill Lynch | The bank and the SEC asked Judge Jed Rakoff today to approve a $15...
Stocks Down Sharply; Dow Back Below 10,000 CBS News Selloff in Financial Sector Leads Key Index to Close at 9,908, Its Lowest Level in Months | Font size Print E-mail Share 3 Comments | The Dow Jones Industrial Average fell below the 10,000 mark Feb. 8, 2010 for the first time in three months. (AP / C...
White House / Pete Souza
Obama hasn't ruled out NY trial for 9/11 planner The Examiner Comments WASHINGTON (Map, News) - President Barack Obama said Sunday he has not ruled out a New York federal court trial for Sept. 11 planner Khalid Sheikh Mohammed, but he was tak...
Africa's illicit money sent to Western banks The Independent | Several African leaders, their relatives and associates used Western banks, including British ones, to move hundreds of millions of dollars out of their countries and into accoun...
'The World vanishes in the South' - (Part one) WorldNews.com Camus is losing himself in the south - His Arcadia: Summer, wind, desert, sun, the sea, simple being, the longing, science, society, friendship - and - humans. | Yes, humans - THEY...
Super Bowl is most watched TV show ever The Examiner Comments NEW YORK (Map, News) - The Super Bowl was watched by more than 106 million people, surpassing the 1983 finale of "M-A-S-H" to become the most-watched program in television history. | The Nielsen Co. estimated Monday that 106.5 million people...
Dollar rally pauses, perhaps not for long The Examiner Comments NEW YORK (Map, News) - The rebounding dollar took a break Monday as some investors second guessed of the risk of government defaults in Europe. | In afternoon New York trading Monday, the 16-nation euro rose to $1.3701 from $1.3634 late Frid...
NYC mayor wants fed promise to pay for 9/11 trial The Examiner Comments NEW YORK (Map, News) - New York City Mayor Michael Bloomberg says he's skeptical that the federal government would cover the cost of trying Sept. 11 suspects in Manhattan. | The mayor said Monday that he wants assurance from the Obama admini...
Officials: 2 suffered gunshot wounds to head The Examiner Comments ORLANDO, Fla. (Map, News) - Authorities say a man and a woman suffered gunshot wounds to the head at a technology park near the University of Central Florida. | The shooting was reported Monday afternoon at the Central Florida Research Park. The shooting happened in a parking lot. | Officials say that witnesses told them a man used a gun t...
Madrigal draws jeers over red egg and staple fish Inquirer | MANILA, Philippines – Presidential candidate Senator Ma. Consuelo "Jamby" Madrigal got jeers from the crowd after failing to provide the correct answer to the question, how much a kilo of galunggong (mackarel scad) and salted red egg cost in the market today. | "I think it's about P60," Madrigal said, to which the crowd responded with a collectiv...
