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Goldman Looks on the Bright Side of Volcker Rule

A Goldman Sachs sign is seen on at the company's post on the floor of the New York Stock Exchange
Wall Street has been lashing out against the Volcker rule since it was proposed, but a senior Goldman Sachs executive said on Wednesday the trading restriction might actually help the investment bank's profitability.
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Fed may need to buy more mortgage bonds: Williams

The U.S. central bank may need to buy more bonds to bolster a housing market whose distress is at the heart of a frustratingly slow economic recovery, a top Federal Reserve official said on Wednesday.
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Wall Street Lower as Greece Talks Drag On

Stocks gave up early gains on Wednesday as the Dow hovered at its highest level in nearly four years and investors waited for Greece to accept tough reforms in exchange for a new bailout.
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Inmarsat has not received bid approaches: source

British satellite operator Inmarsat has not received any takeover approaches, a source close to the company said on Wednesday, after speculation had driven the shares up as much as 10 percent.
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Google to pledge not to favor Motorola over rivals

Google will pledge to license on fair and reasonable terms the patents it acquires through buying Motorola Mobility, said a person familiar with the matter, in a bid to allay regulatory and users' concerns.
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Deutsche Bank to defer some bonuses - source

Germany's Deutsche Bank will defer any part of an employee's bonus above 200,000 euros ($264,800) this year, a source close to the bank said, making it the latest industry player to limit pay in the face of fierce criticism of the industry.
Amazon, Viacom Hash Deal amidst Video Streaming Deal Circuit

Amazon, Viacom Hash Out Deal Amid Video Streaming Ballyhoo

There's been a lot of news coming from streaming video services recently. Earlier this week, Redbox, the movie rental service, announced a new joint venture with Verizon through which the companies will offer a streaming video service. Not to be outdone, Amazon has announced a deal with Viacom, Inc. that will allow Amazon Prime members to stream TV shows from Viacom-owned television stations such as Comedy Central, Nickelodeon, TV Land, Spike, VH1, BET, CMT, MTV and others.
CIA

CIA to Maintain Sizable Presence in Iraq and Afghanistan

The Washington Post reports that the CIA has plans to maintain a robust operation in both countries after conventional operations have wound down, underscoring the military's broader shift towards clandestine, targeted operations undertaken by CIA agents or Special Forces commandos.
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CVS raises forecast due to rivals' rift

CVS Caremark Corp raised its full-year profit forecast as it wins over former patrons of Walgreen Co who fill prescriptions with pharmacy benefits manager Express Scripts Inc .
Rick Santorum rising gas prices

Rick Santorum Foreign Policy: Hawk on Iran

The former Pennsylvania senator, who surged back into relevancy with wins in Missouri, Colorado and Minnesota, has worked to position himself as the social values-centric conservative alternative to Mitt Romney. But he has also articulated a muscular foreign policy vision centered on his belief that radical Islam, particularly the Iranian regime, poses a dire threat to American security.
Dozens of Muslims protested against Google's Orkut site over some insulting words and cartoons of Prophet Mohammad and demanded the immediate banning of the site.

Google Kneels Before Indian Internet Censorship God, Removes Objectionable Contents

Google may be an Internet search engine giant but even the giant was forced to kneel before the powerful Indian 'Internet censorship god' Monday. The world's No.1 search engine told a New Delhi district court that it has removed some objectionable contents, which is religiously sensitive, published in some Web sites, after the court warned of a China-like crackdown unless they protect religious sentiments of the local people.
Emergency contraception, also known as the "morning after pill" and seen by many conservatives as akin to abortion, for the most part would not fall under the rule since it is already available without a prescription to those 17 and older.

White House Defends Contraception Rules as Criticism Mounts

The Obama administration is willing to work with Catholic universities, hospitals and other church-affiliated employers to implement a new policy that requires health insurers to offer birth control coverage, a top adviser to the president's re-election campaign said on Tuesday.

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