BlackBerry maker co-CEOs step down as co-CEOs

BlackBerry maker Research in Motion’s co-CEOs, Jim Balsillie and Mike Lazaridis, announced they have stepped down as co-CEOs and co-chairmen of the once-iconic company that has struggled to compete in recent years.
The RIM founders have been replaced by Thorsten Heins, a chief operating officer who joined RIM four years ago from Siemens AG, RIM said […]

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US seals $3.48B missiles, technology sale to UAE

The United States has reached a deal to sell $3.48 billion worth of missiles and related technology to the United Arab Emirates, a close Mideast ally, as part of a massive buildup of defense technology among friendly Mideast nations near Iran.
Pentagon spokesman George Little announced the Christmas Day sale on Friday night.
He noted that the […]

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China to Balance

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China Contraction in Manufacturing Boosts Case for Easing Policy: Economy - Bloomberg

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SEC slaps insurance giant Aon with bribery fine

Insurance giant Aon has agreed to pay more than $16 million in fines to settle charges that its subsidiaries bribed foreign government officials, the Securities and Exchange Commission announced Tuesday.
Aon will pay $14.5 million to the SEC and $1.7 million to the Department of Justice to settle alleged violations of the Foreign Corrupt Practices […]

Boomers flock to bonds, but they may not understand risks

Baby boomers fully embraced the stock market by riding its ups and downs throughout their peak income years.
But now that the oldest boomers are turning 65, their focus has turned toward ensuring a steady income from their investments. And they’re likely to find that the answer is to put money in bonds rather than stocks, […]

Peabody Energy, partner take control of Macarthur Coal

A year and a half after beginning its pursuit of Macarthur Coal Ltd., St. Louis-based Peabody Energy Corp. has gained control of the Australian mining company.
Peabody, which teamed with one of Macarthur’s largest shareholders, steelmaker ArcelorMittal, to buy the coal producer, said Monday that they control almost 60 percent of the company and plan to […]

AP: BP oil not degrading on Gulf floor, study says

Researchers say tar balls washed on to Gulf of Mexico beaches by Tropical Storm Lee prove that oil left over from last year’s BP spill isn’t breaking down as quickly as some assume.
Auburn University said Tuesday that its study shows the tar that hit Alabama beaches earlier this month appeared relatively fresh and unchanged from […]

Census: US poverty rate swells to nearly 1 in 6

The ranks of the nation’s poor swelled to nearly 1 in 6 people last year, reaching a new high as long-term unemployment woes left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in over two decades.
The Census Bureau’s annual report released Tuesday offers a […]

Libyan rebels poised to assault Gadhafi stronghold

Rebel fighters were poised Saturday to assault one of the last strongholds of loyalist fighters in Libya, giving residents of Bani Walid one final night to choose between surrender and an all-out attack.
Thousands of fighters were moving toward the town from three sides, according to a senior rebel official from the area, Mahmoud Abdel-Aziz, who […]