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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.

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

Pope Benedict XVI places a red biretta, a four-cornered hat, on the head of new Cardinal Rainer Maria Woelki of Germany
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.
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Traders influenced LIBOR rates, says Canada

A group of traders and brokers had successfully managed to manipulate key interbank lending rates that affect loans around the world, one of the banks being investigated has told Canadian regulators, the Wall Street Journal reported on Friday.
Keystone Pipeline, North Dakota

Keystone Pipeline Bill Passes House

The House of Representatives passed an energy bill Thursday that would wrest control of a permit for the controversial Keystone XL oil pipeline away from President Barack Obama, who has put the project on hold.
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Vale legal risk jumps to $22.4 billion on tax cases

Vale SA , the world's No. 2 iron-ore producer, raised its outlook for legal losses nearly five-fold to $22.4 billion as courts moved closer to allowing Brazilian tax authorities to levy overseas investments.
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MillerCoors Q4 up on price rises and savings

MillerCoors, the second-largest brewer in the United States, posted a 32.5 percent jump in fourth-quarter net income as price rises and cost savings offset soft industry beer volumes.
Kinross Gold CEO Tye Burt

Kinross Gold Quarterly Profit Misses Expectations

Canada's Kinross Gold reported an operating profit that fell short of expectations on Wednesday, as weaker than expected sales and higher than expected costs weighed in the quarter and offset gains from a surge in the price of bullion.
Obama

Obama courts dueling industries after piracy flap

President Barack Obama traveled to California on Wednesday for the first time since anti-piracy legislation pitting Hollywood against the tech sector got derailed, ramping up his election-year fundraising with events courting both dueling industries.
Jeremy Lin

Jeremy Lin, Knicks Defeat Toronto in Closest Game Yet (VIDEO)

In their most difficult game since Lin came off the bench, the Knicks emerged victorious against the Toronto Raptors, after a last minute 13-1 scoring run followed by a buzzer beating 3-pointer by Lin himself for a final score of 90-87. The game marked New Yorks's fifth straight victory, the team's longest winning streak this season, which began when Lin came off the bench against the New Jersey Nets. The Asian-American point guard finished with 27 points and a career-high 11 assists.
Jeremy Lin set a record with a 109 total points in his first four NBA starts.

Linsanity touches down in star-struck Canada

'Linsanity' slammed into hockey-mad Canada with the force of a winter storm on Tuesday as Jeremy Lin, the National Basketball Association's (NBA) newest sensation, set hearts aflutter with a Valentine's Day visit to the league's most northern outpost.
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Pentagon, Lockheed see price of F-35 going up

Delays in U.S. and international orders for Lockheed Martin Corp's new F-35 fighter jet will increase its total cost, Lockheed and U.S. officials said on Tuesday, as Italy announced a cut in spending on the warplane.

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