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Africa/International
Former Citigroup executives regret banking crisis
Almost three years after Citigroup started to teeter, two of the executives who guided the bank into the center of the financial storm offered their regrets Thursday to a federal committee examining the crisis.
Charles Prince, Citigroup's…
US Fed officials pledge low rates
Federal Reserve officials again reiterated their commitment to low interest rates for "an extended period" on Thursday, given the fragile nature of the economic recovery, and suggested a reduction in the size of the central bank's balance…
Lunch-only beer policy prompts brewery workers strike
Scores of Carlsberg workers walked off their jobs in protest Thursday after the Danish brewer tightened laid-back rules on workplace drinking and removed beer coolers from work sites, a company spokesman said.
The warehouse and production…
Gold prices fall
Gold slipped on Thursday after rising to its highest in nearly three months the previous day as a strong dollar ignited selling in the physical sector, while platinum group metals struggled to hold gains after a rally.
Volume was light,…
Ghanaian software developer excels in US
A Ghanaian entrepreneur and software developer, Kwame Andah has developed software solution ScoreBit for the calculation of the US Science Bowl tabulations.
According to a report on the website of the US Department of Energy, the software…
US, Japan resume talks on beef importation
The US and Japanese agriculture chiefs agreed Thursday to resume talks on the contentious issue of Japanese restrictions on American beef imports first imposed over mad cow disease in 2003.
Both sides maintained their different positions…
GM in $4.3b loss for post-bankruptcy 2009
General Motors reported a post-bankruptcy 2009 net loss of 4.3 billion dollars Wednesday, but said it was encouraged by the results and hoped to achieve profitability in 2010.
The new GM, which emerged from bankruptcy protection on July…
Asian stocks fall after strong gains
Asian stocks fell on Thursday after racking up strong gains in recent weeks, while the euro slipped further as Greece's borrowing costs reached a new high.
Tokyo's Nikkei index .N225 slipped 0.8 percent to 11,204 points as a stronger yen…
Toyota official wants company to 'come clean'
Five days before Toyota announced a massive recall, a U.S. public relations executive at the automaker warned colleagues in an internal e-mail: "We need to come clean" about accelerator problems, according to documents obtained by The…
Two US airlines to merge
United Airlines and US Airways are in merger talks that, if successful, would create the nation’s second-biggest airline. It is the third time in a decade that they have tried to make a deal.
The negotiations represent the latest efforts…