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Citigroup failure in Fed test raises questions

Citigroup Inc on Wednesday stood by its pledge to reward shareholders, as Wall Street sought to understand why the bank failed to win approval from regulators to increase its dividend or buy back stock.
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Administration, Bishops At Odds On Definition Of Religious Group

The Obama administration has been quietly negotiating with representatives of the Conference of Catholic Bishops to tamp down their furious opposition to a federal mandate that insurance companies cover birth control, according to sources familiar with the talks.
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China Mobile growth hopes pinned on iPhone tie-up, network upgrade

China Mobile <0941.HK>, the world's biggest carrier by number of subscribers, is set to post its slowest quarterly growth in almost two years on Thursday due to weak user rates, though the pace might pick up later this year if it attracts higher-end users with a network upgrade and lands an iPhone contract.
Wasteland 2: Kickstarter Last Hope For Sequel To Classic ‘80s RPG

Wasteland 2: Kickstarter Last Hope For Sequel To Classic ‘80s RPG

Interplay game developers are attempting to raise the money through crowd-funding website Kickstarter.com in order to develop a sequel to the role playing game (PRG) classic, Wasteland (1988) which told the story of a small party of ex-US soldiers travelling across a post-nuclear apocalyptic American southwest. According to lead developer Brian Fargo, this may be their best (and last) hope at resurrecting the iconic computer game.
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Chevron sees pricey oil destroying demand

Chevron Corp Chief Executive John Watson sees demand for oil being destroyed in the United States as a result of higher gasoline prices and an underperforming U.S. economy.
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A little extra inflation would backfire: Volcker

The U.S. economy is recovering pretty well and trying to juice it up by allowing a little extra inflation would be disastrous, Paul Volcker, the former Federal Reserve chairman known for successfully reining in double-digit inflation, said on Wednesday.
Greg Smith Goldman Sachs

Greg Smith Attacks Goldman Sachs: Is He A Hero, A Whistleblower Or Having A Midlife Crisis? [POLL]

Greg Smith did not choose the subtle approach for his exit from Goldman Sachs, where he had worked for 12 years. Instead, Greg Smith decided to post his resignation letter in The New York Times for the entire world to read. The resignation letter, entitled "Why I am Leaving Goldman Sachs," included scathing commentary on the "toxic" environment at the bank, its lack of "moral fiber" and the "muppets" who work there.
Potato chips

National Potato Chip Day: Strangest Flavors To Hit Shelves

It's time to lather up in salt and grease because today is National Potato Chip Day. The delicious potato chip was invented in 1853 in a Saratoga lodge in New York. After a man complained that his fried potatoes (or French fries as we know them now) were too thick, an annoyed chef sliced them so thin that they were crispy, over-salted and could not be pierced with a fork without shattering.
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Import prices rise in February on higher oil

Import prices rose in February on sharply higher oil costs, but there were few other signs of imported inflation pressure and food prices posted their largest decline in three years.
Economist Nassim Taleb believes Texas Congressman Ron Paul is the only presidential candidate who can fix America's economic problems

Ron Paul 2012: Nassim Taleb Sees 'No Other Solution’

Nassim Taleb, author of the The Black Swan, is backing Ron Paul's long-shot candidacy for U.S. president. It's my duty as a citizen, as a person who lives here and as a taxpayer who doesn't want to be hoodwinked in the long run by bureaucrats, Taleb told CNBC in explaining his decision.
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Wall Street slips after rally, but Apple up again

Stocks mostly edged lower on Tuesday, with the S&P 500 pulling back after nearing 1,400 as investors found little reason to extend the previous day's rally on the Federal Reserve's comments on the economy and the banking sector.

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