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Fannie Mae CEO to leave after successor chosen

Fannie Mae Chief Executive Michael Williams said on Tuesday he was stepping down from the government-controlled mortgage firm, which is at the center of a fight over how to reduce foreclosures.

Wall Street set to pull back from 5-month high

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A pullback in stocks was expected at the open on Wednesday, a day after the Dow and S&P 500 hit five-month highs, with pressure on the euro testing the recent view that U.S. equities were decoupling from Europe.
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New Hampshire Primary Results: Breaking Down Mitt Romney's Historic Win

New Hampshire Primary Results: Breaking Down Mitt Romney's Historic Win

Romney won a significant victory in New Hampshire Tuesday, carrying the open primary and becoming the first Republican to win both New Hampshire and Iowa in the primaries since 1976. But more remarkable than Romney's 2012 win is whose votes gave him the victory: Romney supporters crossed every demographic, from age brackets to ideological concerns.
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U.S. may overtake China's rich in Rolls Royce race

Luxury carmaker Rolls-Royce Motor Cars Ltd, owned by German automotive giant BMW AG , said its U.S. sales could overtake China this year, revving up the British company for record global revenue in 2012, its chief executive said.
Mitt Romney Wins Arizona and Michigan 2012 Republican Primaries

Mitt Romney 2012: Will Mormonism be a Problem?

In the wake of the New Hampshire primary victory, Mitt Romney, the former Massachusetts governor, is on course to become the first Mormon to secure nomination as the Republican presidential candidate.
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Hostess Returns to Bankruptcy Protection over Pensions

U.S. wholesale baker Hostess Brands Inc filed for Chapter 11 bankruptcy protection in Manhattan on Wednesday, just months after emerging from a similar process last year, after failing to reach an agreement with workers on pension and health benefits.
Doomsday Clock Moves Closer to World Destruction

Doomsday Clock: 7 Points You Need to Know

The Doomsday Clock, a symbolic measure of how near the human species is to self-destruction, probably as a result of nuclear weapons programs or climate change, was adjusted, on Jan. 9, to five minutes to midnight - or doomsday!
Gold

Gold Hits 4-week High, India Buying Active

Gold hit a four-week high and broke above a key resistance on Wednesday, defying a stronger dollar, as the festering euro zone debt crisis lured investors to its safety and signs of strong demand from the world's top two consumers also supported.
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Directors Guild chooses film award nominees

Filmmakers Woody Allen, David Fincher, Martin Scorsese, Alexander Payne and France's Michel Hazanavicius were nominated for Directors Guild film awards Monday -- a honor that is often a key indicator of Oscar success.
The logo of the Bank of America is pictured atop the Bank of America building in downtown Los Angeles

BofA and others being probed over home insurance: source

The New York state's financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged customers on force-place insurance, a source familiar with the matter said.
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T-Mobile eyes new strategy, may sell towers

T-Mobile USA is finalizing a new business plan which may include a sale of its wireless towers to help pay for a network upgrade as it looks to rebuild its business after its failed effort to sell itself to AT&T Inc, top executives of the Deutsche Telekom unit said.
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Carlyle founders reap bumper 2011 profits

Founders of private equity firm Carlyle Group have had a great payday as a result of the firm's record performance in 2011 and are set to gain even more as it prepares for an initial public offering, a regulatory filing on Tuesday showed.

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