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Venezuela to sign $3 billion in Cuba deals

Cuba and Venezuela are set to sign cooperation deals worth about $3 billion later on Saturday, underscoring Caracas' role as the communist-run island's closest political and commercial ally.

Iraq awards oil deals, but no boon for U.S. invaders

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The United States spent blood and treasure on an Iraq invasion critics said was for oil, but U.S. oil majors were largely absent from an Iraqi auction of oil deals snapped up instead by Russian, Chinese and other firms.
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Thai authorities hold crew of plane after arms find

Thai security forces seized more than 35 tonnes of arms from a cargo plane and arrested five crew members after the aircraft made an emergency landing to refuel at a Bangkok airport, officials said on Saturday.
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'Twilight' studio to distribute Polanski film

The Hollywood studio behind the Twilight teen franchise said on Friday it has acquired North American rights to distribute jailed director Roman Polanski's latest film, The Ghost Writer.
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Sawyer move to evening alters TV news landscape

Diane Sawyer is changing the landscape of American broadcast television news and is likely hoping history won't repeat itself when she becomes the second woman to solo anchor a major evening news program.
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Mariah Carey announces Angels tour dates

Mariah Carey, who hasn't toured in more than three years, will embark on a national Angels Advocate trek beginning December 31 at Madison Square Garden in New York, and wrapping February 27 at the Pearl Concert Theater in Las Vegas.
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Teen actress Saiorse Ronan carries heavy roles lightly

Irish actress Saoirse Ronan was only 13-years-old when she took the part of a murdered girl who watches over her grieving family in The Lovely Bones. But even at such a young age, she never once worried about playing a dead person.
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U.S., Japan reach open skies aviation pact

The United States and Japan reached a landmark aviation agreement on Friday, a deal that eases barriers to passenger and cargo services and opens up the possibility for stronger alliances, officials said.
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U.S.,Japan reach open skies aviation pact

The United States and Japan reached a landmark aviation agreement on Friday, a deal that eases barriers to passenger and cargo services and opens up the possibility for stronger alliances, officials said.
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Regulators shut three more banks

U.S. regulators closed Republic Federal Bank, N.A., SolutionsBank and Valley Capital Bank on Friday, bringing the total number of bank failures so far this year to 133, the Federal Deposit Insurance Corp said.
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US gold hits 4-wk low as dollar rises on data

New York gold futures hit a four-week low Friday, reversing initial gains as a resurgent dollar following upbeat U.S. economic data sent jittery bullion investors racing to cut positions.
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China urged to revalue currency

Senate Majority Leader Harry Reid urged Chinese President Hu Jintao to address his country's huge trade imbalance with the United States through a significant revaluation of China's currency.
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Craigslist CEO: EBay's Whitman turned back on us

Craigslist's chief executive said on Friday he was so alarmed by a condescending attempt by his counterpart at eBay to reassure him about their relations that he started maneuvering to remove the online auctioneer from his board of directors.
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SEC eyes all aspects of BofA's Merrill proxy

U.S. securities regulators are looking at what Bank of America disclosed to shareholders as it was acquiring Merrill Lynch, including the investment bank's mounting fourth-quarter losses that eventually topped $15 billion.
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UAW's King to be named union's next leader: sources

The leadership of the United Auto Workers is set to meet next week to name Bob King as the preferred candidate to succeed retiring President Ron Gettlelfinger, two people with knowledge of the plan said.
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Citi execs imply willing to wait to pay back U.S

Two senior Citigroup executives told a group of investors the bank will only pay back government funds this month if it is comfortable with regulators' demands and market conditions, two people at the meeting said.
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US SEC eyes all aspects of BofA's Merrill proxy

U.S. securities regulators are looking at what Bank of America (BAC.N) disclosed to shareholders as it was acquiring Merrill Lynch, including the investment bank's mounting fourth-quarter losses that eventually topped $15 billion.
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NY fund manager admits multimillion dollar fraud

A jailed New York hedge fund manager whose fraud was revealed in the wake of the Madoff scandal, admitted in court on Friday to fabricating client account statements and overstating asset values by hundreds of millions of dollars.
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Strong sales boost recovery hope

Consumers stepped up their spending in November and grew more optimistic this month, unexpectedly strong data showed on Friday, raising hopes a self-sustaining economic recovery was starting to unfold.

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