LIMA (Reuters) – Paleontologists working in Peru have found a fossil from a bird that lived 10 million years ago, scientists said on Friday after returning from the dig site on the country’s desert coast.
WARSAW (Reuters) – Polish prosecutors are investigating whether a controversial exhibition displaying human cadavers amounts to desecration of the human body, a spokesman said Friday.
NEW YORK (Reuters) – Wall Street is unlikely to get a reprieve next week as relentless worries about U.S. banks and the economy could embolden bears to drive the market below the 12-year lows hit on Friday.
NEW YORK (Reuters) – Berkshire Hathaway Inc, Warren Buffett’s insurance and investment company, barely broke even in the fourth quarter because of losses on derivatives contracts tied to the stock market, which caused its net worth to tumble .9 billion.
NEW YORK/WASHINGTON (Reuters) – The U.S. government will boost its equity stake in Citigroup Inc to as much as 36 percent, bolstering the bank’s capital base in the latest emergency effort to save the banking giant.
HOUSTON (Reuters) – U.S. securities regulators on Friday accused Texas billionaire Allen Stanford, his college roommate and three of their companies of carrying out a “massive Ponzi scheme” over at least a decade and misappropriating at least .6 billion of investors’ money.
DUBLIN (Reuters) – European Central Bank President Jean-Claude Trichet said in an interview that a pick up in the economy will be seen next year.
NEW YORK (Reuters) – American International Group Inc may securitize some U.S. life insurance policies and have the interest rate on a government loan lowered, as talks continue to help the insurer deal with its financial problems, a source familiar with the matter said on Friday.
NEW YORK (Reuters) – Bank of America Corp is carrying loans on its balance sheet marked at more than billion above their fair value, the company said in its annual report filed with U.S. regulators on Friday.
LONDON (Reuters) – HSBC , Europe’s biggest bank, plans to raise more than 12 billion pounds ( billion) in a share sale aimed at propping up its capital base during the global economic crisis, the Financial Times reported on Saturday.
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