Storm almost over, says top GPG exec

GUINNESS Peat Group’s executive director, Gary Weiss, is in full salesman mode. The 56-year-old longtime ally of the reclusive corporate raider Ron Brierley says investors just don’t appreciate the true value of GPG’s business. Seated in his Sydney office this week, Weiss pulls out a chart he has created, showing ...

Obama signs jobs bill, says more must be done

WASHINGTON – President Barack Obama has signed into law a package of tax breaks and spending designed to give the nation a jobs boost. In a sunny Rose Garden ceremony, Obama said the legislation will help the private sector start hiring again. It is the first of several jobs measures ...

In Testimony, Brown Says Iraq War Was ‘Right Decision’

“I believe this is the gravest decision of all, to make a decision to go to war,” Mr. Brown said. “It was the right decision made for the right reasons.” Addressing a panel of four knights and a peer in the Queen Elizabeth II Conference Center in London, Mr. Brown ...

Citi CEO says bailout has led to new company

WASHINGTON – Facing sharp questions from bailout overseers, Citigroup Inc. CEO Vikram Pandit said Thursday the bank is “fundamentally different” than the tangled behemoth that took more than $45 billion in government aid during the recent financial crisis. “I am pleased to say we are in a far different and ...

Investigator Says Killer of Rights Worker Identified

Igor Sobol, head of investigations at the investigative committee for the Southern Federal District prosecutor’s office, confirmed an account given anonymously to the Interfax news service on Thursday. He said the gun used to kill Ms. Estemirova had been found in a weapons cache, and that there are “objective grounds ...

My policies aren’t anti-business, Obama says

WASHINGTON – Two things troubled President Barack Obama as he greeted Bloomberg BusinessWeek on Feb. 9 for a wide-ranging interview in the Oval Office. First was the snowstorm that had crippled Washington. “I can’t believe I have to shut down the federal government for a week for this,” said the ...

Per-cow fee would hurt cattlemen, says Utah Farm Bureau boss

Lehi » The part of Utah’s economy that depends on agriculture would be hobbled if the government increases pressure on greenhouse-gas emissions, a panel warned Utah’s farmers and bankers. Randy Parker, Utah Farm Bureau president, said a “cow tax” the U.S. Environmental Protection Agency is proposing would cost Utah livestock ...

World Briefing | Europe: The Vatican: Book Says John Paul Flagellated Himself

Pope John Paul II flagellated himself regularly to imitate Christ’s suffering, according to a book published Tuesday by the Vatican official in charge of the process that could lead to the pope’s sainthood. The book says that John Paul, who died in 2005, engaged in a practice known as mortification, ...

McConnell says he sees Bernanke confirmation

New York » Senate Republican Leader Mitch McConnell said Sunday he expects Ben Bernanke to be confirmed, putting the second term of the Fed chief on more solid ground after rising speculation in recent days. “He’s going to have bipartisan support and I would anticipate he will be confirmed,” McConnell, ...

Britain Did Not Rush Into Iraq War, Blair Aide Says

Filed at 7:12 a.m. ET LONDONBritish Prime Minister Tony Blair sought a diplomatic solution to fears over Iraq’s weapons program until just before the U.S-led invasion in 2003, his former communications chief said Tuesday. Appearing before a public inquiry into the Iraq war, Alastair Campbell said there never was a ...

Agricultural Cooperatives Commit Fraud, E.U. Says

VAMOS, CRETE — Myth-making has been part of life on Crete since the Greek goddess Athena was credited with growing the first olive tree on this rugged Mediterranean island. But even the gods would have been pushed to conjure up a harvest as big as the one claimed by a ...

U.S. Put Jails in Lithuania, Premier Says

MOSCOW ? The prime minister of Lithuania, a former Soviet republic that broke from Moscow’s orbit and is now a member of NATO, accused the United States on Tuesday of using “Soviet methods” to set up two secret prisons in Lithuania for terrorism suspects. The prime minister, Andrius Kubilius, said ...

Morocco says no to currency devaluation

RABAT (Commodity Online) : North West African state Morocco’s central bank said it will not devalue its currency to bolster export activities hit by the global economic slowdown. However the central bank said it is considering an exchange rate system more flexible to adapt to Morocco’s expanded opening toward more ...

Obama says ‘the worst is behind us’

WASHINGTONSounding a friendly tone to the nation’s community bankers, President Barack Obama on Tuesday said the White House will seek to cut bureaucratic restrictions so that local lenders can help businesses seize “enormous opportunities” for growth after bleak times. “We feel very optimistic that the worst is behind us,” the ...

Outlook for big U.S. banks brightening: Barron’s

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Agrium extends exchange offer for CF to Jan. 22; CF says offer not compelling

What is Topix? Topix is the largest news community on the web. We take news from over 60,000 sources and categorize those stories to over 40,600 locations and 450,000 topics. Topix breaks the mold of traditional news sites by allowing our users to edit the news. We’ve built a suite ...

Urban League Says TARP Funds Could Create 3 Million Jobs

The head of the National Urban League is calling for the federal government to spend $168 billion in unused TARP funds to create 3 million new jobs in areas of high joblessness and the long-term unemployed.