UNITED STATES

Exclusive: Facebook governance a concern for Calif pension fund

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Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers' Retirement System.

Assad's Forces Pummel Homs as Russian Arrives for Talks

daria.2.6.12
A Syrian regime military assault on Homs killed dozens of people on the eve of a visit to Damascus by Russia's Foreign Minister Sergei Lavrov aimed at pressing President Bashar al-Assad to end an 11-month uprising by implementing swift reform.
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Yum profit up as China keeps growing

KFC parent Yum Brands Inc reported fourth-quarter earnings that topped Wall Street's view after accelerating sales and operating profit at established restaurants in China helped ease worries that growth in its top market was slowing.
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A protester kicks a tear gas canister during clashes with security forces near the Interior Ministry in Cairo February 4, 2012.

Egyptians Break off D.C. Visit in Confrontation over NGOs

An Egyptian military delegation abruptly cancelled its meetings with U.S. lawmakers to return to Cairo Monday after warnings from both Congress and the White House that Egypt's crackdown on non-governmental groups could threaten its $1.3 billion in annual U.S. military aid.
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Housing plan helps nearly 1 million homeowners

Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.
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China Bars its Airlines from EU Emissions Scheme

China on Monday barred its airlines from a European scheme to reduce carbon emissions, hardening its stance a week before a summit at which the European Union will seek Chinese help to ease its debt crisis.
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IMF's Blanchard sees very large Greek haircut

The IMF's chief economist, Olivier Blanchard, said on Monday it looks like the 'haircut' on Greek private debt will be very large as negotiations between bondholders and the government drag on to cut Greece's debt burden.
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Skepticism Grows on Medco/Express Scripts Deal

Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether they have enough evidence to stop the megamerger.
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Wall Street Closes Lower After String of Gains

Stocks closed slightly lower on Monday as lingering questions about Europe's debt crisis and corporate earnings overshadowed growing optimism about economic growth after a five-week rally.

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