UNITED STATES

Why Stephen Schwarzman's Payday Risks Riling Blackstone Investors

CEO of the Blackstone Group Stephen Schwarzman speaks during a session at the World Economic Forum (WEF) in Davos January 29, 2010.
Stephen Schwarzman, the boss of Blackstone, the world's biggest private-equity firm, made his fortune by buying, restructuring and selling companies -- delivering outsized returns for investors. These days, he is getting huge rewards for being the largest shareholder in what is more like an asset manager on steroids.

China acts to crank up credit as lending, economy slow

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China's central bank cut the amount of cash banks must hold in reserves on Saturday, boosting lending capacity by an estimated 350-400 billion yuan ($55.6-$63.5 billion) in a bid to crank up credit creation as the world's second-biggest economy faces a fifth successive quarter of slowing growth.
Republican Mitt Romney holds up a Boston newspaper announcing his victory in the Massachusetts Governor's race during his acceptance speech, November 5, 2002 in Boston.

Mitt Romney Takes Time to Recall Glory Days of 2002 Olympics

Struggling to retain his status as the Republican favorite for the White House, Mitt Romney attempted on Saturday to return to his glory days as CEO of the 2002 Salt Lake City Olympic organizing committee -- and the crowds at two tribute ceremonies in Salt Lake showed their appreciation.
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Briton Jailed for 'Extensive' Facebook Hack

A British student, who hacked into Facebook's internal network risking disastrous consequences for the website, was jailed for eight months on Friday in what prosecutors described as the most serious case of its kind they had seen.
Whitney Houston

Whitney Houston Funeral: 'You Weren't Just Good Enough. You Were Great,' Says Kevin Costner

It was a bittersweet moment at the New Hope Baptist Church in Newark, N.J., where friends and family gathered on Saturday, to say their final goodbyes to singer Whitney Houston, who died last week at the Beverly Hilton Hotel in Beverly Hills, Calif. Costner was among those who went to New Hope to send Houston off. He spoke about his similarities with the singer and spoke of about working with Houston. According to Costner, at times she would feel like she was not good enough.
Cardinal George Alencherry, Pope Benedict XVI

India's George Alencherry Among 22 New Cardinals Inducted by Pope

Pope Benedict, putting his mark on his Church's future, on Saturday inducted 22 men including India's George Alencherry into the exclusive group of cardinals who will one day elect one of their own to succeed him as leader of the world's 1.3 billion Roman Catholics.
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Fire may idle BP's Washington refinery - trade sources

A fire on Friday caused by a leaking pipe flange may temporarily idle production at BP Plc's 225,000 barrel per day Cherry Point refinery in Washington state, West Coast refined products trade sources said on Saturday.
Pakistan's PM Gilani and Iran's President Ahmadinejad shake hands before their meeting in Islamabad

Iran and Pakistan: Nuclear Partners?

Given that Pakistan has extensive experience with nuclear weapons technology, is it conceivable that they would offer any assistance with Iran’s embryonic atomic project?
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China to crank up credit as lending, economy slow

China's central bank cut the amount of cash banks must hold in reserves on Saturday, boosting lending capacity by an estimated 350-400 billion yuan ($55.6-$63.5 billion) in a bid to crank up credit creation as the world's second-biggest economy faces a fifth successive quarter of slowing growth.
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Unforgettable Groucho Marx

The United States, as most readers and investors know, went through a trying time from 2001 to 2008, and it is only now beginning to recover. Hence, the nation could use a little comic relief. And who better to provide it than, arguably, the greatest comedian of the modern era -- Groucho Marx.
Venezuelan President Hugo Chavez talks to the media as he welcomes U.S. actor Sean Penn at Miraflores Palace in Caracas February 16, 2012.

Hugo Chavez's Venezuela Ships Diesel Fuel to Civil War-Torn Syria

The government of Venezuela's Hugo Chavez is emerging as a rare supplier of diesel to Syria, potentially helping the government of the Middle Eastern country's Bashar al-Assad fuel its military in the midst of a bloody crackdown on civilian protests and undermining Western sanctions.
Pope Benedict XVI places a red biretta, a four-cornered hat, on the head of new Cardinal Rainer Maria Woelki of Germany

22 Cardinals Join the Cardinal Club including Timothy M. Dolan of New York, Amidst the Shadow of Vatileaks Scandals [PHOTOS]

Pope Benedict XVI formally inducted 22 churchmen to the elite circle of cardinals in a ceremony on Saturday. Pope presided over the ceremony held in St. Peter's Basilica. The new cardinals are from 13 countries- including three from the United States and Canada-Cardinals Timothy M. Dolan of New York, Edwin F. O'Brien, grand master of the Equestrian Order of the Holy Sepulcher of Jerusalem and former archbishop of Baltimore and Thomas C. Collins of Toronto.
Verizon 4G Outages

iPad 3 Release: Why the New Apple Tablet Will Support 4G LTE

With the speculated release date of Apple's next generation tablet - dubbed iPad 3 - drawing near (iMore and AllThingsD are betting on an early March release while the Verge believes that iPad 3 could debut as early as Feb. 29), everybody must be wondering whether the iPad 3 will support 4G LTE (Long Term Evolution). Let's examine the possibility.
Malachy, winner of the Best-in-Show honor at the 136th Westminster Kennel Club Dog Show -- and owner David Fitzpatrick, right -- ring the opening bell at the New York Stock Exchange on Thursday.

U.S. Equity Market May Strain to Hold Nine-Month Highs

If the coming earnings from U.S. retailers are as unimpressive as the rest of the profit season has been, Wall Street could face a tough time justifying a stock market at nine-month highs. All things considered, strategists believe the market could face resistance in a push higher.
Steven Goldstein (L), chairman and CEO of Garden State Equality, reacts with the bills sponsor New Jersey Senate Majority Leader Senator Loretta Weinberg after the New Jersey State Senate passed the "Marriage Equality and Religious Exemption Act&quot

Gay Marriage Moves Forward in Maryland, Backward in New Jersey

Maryland's House of Delegates on Friday approved by a razor-thin margin a bill that would allow same-sex couples to marry, putting it on the road to joining six other states where gay and lesbian nuptials are legal. The Maryland vote came shortly after New Jersey Gov. Chris Christie vetoed a similar measure.
A customer visits the Apple Store in New York City's Grand Central Station

Apple Files EU Patent Complaint, Motorola Mobility Says

Apple Inc. has requested European Union antitrust regulators to step in and settle a technology patent dispute between the company and Motorola Mobility Holdings Inc., according to a Motorola Mobility regulatory filing on Friday.
iOS 6

Apple Did Not Infringe Infringe HTC Technology

Apple Inc did not infringe patented technology owned by Android phonemaker HTC Corp, the U.S. International Trade Commission said on Friday, the latest ruling in the wide-ranging smartphone patent wars.
Workers build a new house in Alexandria, Virginia February 16, 2012.

Growth in Jobs Will Rise This Year: White House Report

U.S. job creation will accelerate a bit this year as a moderate economic recovery continues, the White House said on Friday, but it faces a key risk from the debt crisis in Europe -- and President Barack Obama's annual economic report warned that the road ahead could still be bumpy.

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