News Archive
National | Mon, Dec 24, 2012

Dec. 24 (Bloomberg) -- Herbalife Ltd., the maker of weight- loss supplements whose shares have been shorted by hedge-fund manager Bill Ackman, hired Moelis & Co. as a strategic adviser.

Dec. 24 (Bloomberg) -- French wine prices are climbing, led by a jump in the cost of whites since August, after vintners in the country had their lowest production in more than 40 years, the Agriculture Ministry reported.

Dec. 24 (Bloomberg) -- President Barack Obama will appoint Mohamed El-Erian, the chief executive officer of Pacific Investment Management Co., to head the U.S. global development council.

Dec. 24 (Bloomberg) -- Robert Kauffman, one of three co- founders of Fortress Investment Group LLC, retired after 15 years at the New York-based investment firm, a decision made in part to avoid higher tax rates next year.

Dec. 24 (Bloomberg) -- Carl Icahn’s failed bid for Greenbrier Cos. and the sale of most of his shares sent the stock to its biggest three-day drop in 16 months on concern the price may retreat to its level before acquisition talks started.

Dec. 24 (Bloomberg) -- Oil was little changed in New York amid concern that U.S. lawmakers will miss a year-end budget deadline, threatening to weaken the American economy.

With anxiety rising as the country lurches towards a “fiscal cliff,” lawmakers are increasingly skeptical about a possible deal and some predict the best possibility would be a small-scale patch because time is running out before the yearend deadline.

Russia and India signed new weapons deals worth billions of dollars Monday as President Vladimir Putin sought to further boost ties with an old ally.

Dec. 24 (Bloomberg) -- Chevron Corp., the second-largest U.S. oil company, agreed to buy a 50 percent stake in the proposed Kitimat liquefied natural gas terminal from Encana Corp. and EOG Resources Inc., joining the competition to ship the fuel from North America to Asian markets.

Dec. 24 (Bloomberg) -- Holiday shoppers descended on U.S. malls this weekend in a last-minute dash to buy gifts amid concerns about the nation’s economy and the impasse in Washington over taxes and spending.

a big feat considering most years they don't even make gift lists.

Tiny hobbit Bilbo Baggins is running circles around some of the biggest names in Hollywood.

Engineer Dallas Goecker attends meetings, jokes with colleagues and roams the office building just like other employees at his company in Silicon Valley.

Three Atlanta-area counties have filed a lawsuit claiming that British bank HSBC cost them hundreds of millions of dollars in extra expenses and damage to their tax bases by aggressively signing minorities to housing loans that were likely to fail.

Dec. 24 (Bloomberg) -- The world’s biggest bond dealers are growing more reluctant to give up their record holdings of Treasuries, providing support for a rally in the world’s most- liquid debt market that is entering its fourth year.

Dec. 24 (Bloomberg) -- Herbert Crockett said his late father suggested investing in something he could touch, so he put cash into Donald Trump’s latest hotel project in Toronto where he could feel the marble under his feet.

In the city where a protest over tax policy sparked a revolution, modern day tea party activists are cheering the recent Republican revolt in Washington that embarrassed House Speaker John Boehner and pushed the country closer to a “fiscal cliff” that forces tax increases and massive spending cuts on virtually every American.

Volunteers at a Colorado Air Force base monitoring maps showing Santa Claus' progress are several hours into their goodwill mission and have answered more than 24,000 phone calls from children wanting to know everything from old Saint Nick's age, to how reindeer fly, to when they can expect their presents.

Christians from the world over packed Manger Square in Bethlehem Monday to celebrate the birth of Jesus in the ancient West Bank town where he was born.

Mon, Dec 24, 2012