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PepsiCo CEO Indra Nooyi

PepsiCo Layoff Rumblings Confirm Trend for Mass Firings

PepsiCo's reported plans to lay off about 4,000 employees, if confirmed, would be only the latest in a round of mass layoffs large American manufacturers have announced or put into effect just 5 days into the new year.

Swiss Central Bank Chief Faces Battle to Keep Job

SNB Chairman Hildebrand listens during a news conference on monetary policy assessment in Zurich
Switzerland's top central banker is battling for his future as he faces a grilling on Thursday over a controversial currency trade made by his wife three weeks before he oversaw moves to impose a cap on the Swiss franc.
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Christine Gregoire, Washington (Democrat)

Washington Governor Supports Gay Rights: Will Introduce Bill to Legalize Same-Sex Marriages

The Washington Governor Chris Gregoire supports same-sex marriages and wants to legalize it. The 64-year-old democrat announced that she believes in equality and would introduce a bill to legalize same-sex marriages in Washington. It's time, it's the right thing to do, and I will introduce a bill to do it, Gregoire said in a statement posted on her Web site. I say that as a wife, a mother, a student of the law, and above all as a Washingtonian with a lifelong commitment to equa...
Liz Claiborne Changes Name to Focus More on Lucrative Brands

Liz Claiborne Changes Name to Focus on Lucrative Brands

New York-based fashion house Liz Claiborne Inc. has announced its decision to change the organization's name to Fifth & Pacific companies, to ensure closer ties on the three in-house lucrative lifestyle brands - kate spade, Juicy Couture and Lucky Brand.
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Blackstone Reaches Big Fundraising Finish Line

Blackstone Group LP will conclude fundraising for its latest buyout fund in January, raising just over $16 billion, three people familiar with the matter said on Wednesday, in a 4-year process challenged by the global financial crisis.
Andrew Cuomo

Planners, Locals React to Cuomo's Convention Center Plan

New York Gov. Andrew Cuomo's plan for a 3.8 million square foot convention center at the Aqueduct Racetrack in Queens, N.Y. was met with approval from one local non-profit planning group, while the local community board said it awaited more details on the project.
Will the Show End for the Diva?

Beyonce Baby: Pregnant Singer Will Wear Specially Designed Hairpiece for Delivery

Fans wait impatiently as the Beyoncé baby watch continues. The pop singer and her husband, Jay-Z, are expecting their first child any minute now. In Touch magazine reports that Beyoncé Knowles' family has reserved a private luxury birthing suite at St. Luke's Roosevelt Hospital in New York City. The 30-year-old singer has also allegedly had a hairpiece designed for the delivery.
Baron Davis

Baron Davis Has a Herniated WHAT?

A typo by the Charlotte Observer noted that injured New York Knicks point guard Baron Davis was suffering from a herniated dick instead of his actual herniated disc injury.
John McCain to Endorse Mitt Romney , Hates Rick Santorum

John McCain to Endorse Mitt Romney in New Hampshire, Hates Rick Santorum

Arizona Senator John McCain is expected to endorse Mitt Romney in New Hampshire, a sign both of his faith in the GOP frontrunner and his distaste for new rival Rick Santorum. As Santorum's near-win in Iowa makes the Republican primary result uncertain, Santorum's clashes with McCain seem to have pushed the senator to back his one-time rival.
German President Wulff is pictured on a TV monitor during the recording of a television interview in Berlin

German President to Discuss Loan Scandal

As if being tasked with solving the Eurozone debt crisis is not job enough, German Chancellor Angela Merkel now has to defend her choice of Christian Wulff for president as information has emerged that he tried to prevent media from reporting about his private business dealings.

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