Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Lawmakers turn up heat on Geithner over AIG »
WASHINGTON (Reuters) – U.S. lawmakers challenged Treasury Secretary Timothy Geithner’s credibility on Wednesday after he said he was not involved in a decision by bailed-out insurer AIG to withhold details about $62 billion paid to banks.
Geithner held his ground at a hearing, however, insisting the government-funded rescue which cost more than $180 billion had [...]
Citic Securities fund unit punished over ownership »
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), China’s biggest listed brokerage, said its wholly-owned fund unit China Asset Management Co (ChinaAMC) had been punished by regulators for failing to comply with stake ownership rules.
The China Securities Regulatory Commission (CSRC) has banned ChinaAMC from launching new products effective January 1, and may take further punitive measures if Citic does not [...]
Google may quit China over censorship »
SHANGHAI/SAN FRANCISCO (Reuters) – Internet giant Google Inc has made a shock threat to quit China, the world’s biggest Internet market by users, after hackers accessed human rights activists’ e-mail accounts.
Google’s announcement on Tuesday comes amid growing tensions between China and the United States over Internet freedoms, with U.S. Secretary of State Hillary Clinton [...]
ConAgra sues Dean Foods over Swiss Miss trademark »
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), saying the dairy processor’s Swiss Premium teas infringe its trademark for Swiss Miss hot cocoa products.
In a December 24 lawsuit filed in the Omaha, Nebraska, federal court, ConAgra said Dean’s use on labels of the word “Swiss,” a snowy white-and-blue mountain scene, and a particular font are likely to confuse shoppers [...]
China won’t be pressured over yuan peg: Wen »
BEIJING (Reuters) – Chinese Premier Wen Jiabao on Sunday struck a defiant note about the country’s controversial exchange rate policy, saying the government would not give into foreign demands to let the yuan rise.
Wen said the currency was facing growing pressure to appreciate, but insisted that China was committed to keeping it stable, having [...]
Citigroup sued by Terra Firma over EMI deal »
NEW YORK (Reuters) – Private equity firm Terra Firma sued Citigroup Inc, accusing the bank of fraud in connection with Terra Firma’s purchase of music business EMI Group in 2007, court documents filed on Friday in New York showed.
Terra Firma accuses Citigroup of driving up EMI’s price by misrepresenting that there was another interested [...]