IBT Staff Reporter

The following is the text released by the White House of remarks by U.S. President Barack Obama and Chinese President Hu Jintao on the morning of January 19, 2011 at the South Lawn of the White House at the official arrival ceremony. Neither president took questions.

Employees at Goldman Sachs Group Inc earned an average of $430,700 each in 2010, down 13.5 percent from 2009 but still more than eight times as much as the average U.S. household income.

Gold rallied for a third consecutive session on Wednesday, boosted by broad weakness in the dollar and robust Asian consumer demand, while anticipation of more resilient global growth took platinum to 30-month highs.

Roger Federer survived a huge fright to squeak past unseeded Gilles Simon 6-2 6-3 4-6 4-6 6-3 and reach the third round of the Australian Open on Wednesday.

The Atlanta Hawks handed the ailing Miami Heat a season-high fourth straight loss with a 93-89 overtime victory on Tuesday that spoiled the return of LeBron James to the lineup.

Rafa Nadal returns to action at the Australian Open on Thursday, with American qualifier Ryan Sweeting handed the Herculean task of ending the Mallorcan's march toward a fourth consecutive grand slam title in the second round.

After a lengthy absence, [other] asset managers and central bankers are readmitting gold back into the group of prudent asset classes, writes Thomas Kaplan, chairman of New York's Tigris Financial advisory and asset-management group, in today's Financial Times.

World No. 2 Roger Federer was taken to fifth set in a nervy encounter against France's Gilles Simon before progressing to the third round of the Australian Open 2011.

HP's webOS is coming late to the tablet party but nonetheless it is coming and not with one, but two tablets codenamed Topaz and Opal.

Citigroup Inc named investment bank chief John Havens president and chief operating officer on Wednesday, expanding its most senior level of executives and elevating a long-time friend of Chief Executive Officer Vikram Pandit.

At least two brokerages said they see a faster-than-expected gross margins recovery for Apple Inc , backed by robust outlook for iPad and iPhone sales.

Stocks fell on Wednesday after Goldman Sachs posted a decline in quarterly profit, denting investor optimism.

A student-led experiential program at the Kellogg School of Management partners with educational nonprofit CISC to help shape and improve its approach to board development.

Married couples whose marriages are on the rocks have to painfully endure with their partners or go for a divorce. However, couples in Southern California now have a third option and that is reconciliation through a program called The Third Option.

Is Ericsson's glass half full or half empty? The Sweden-based telecom gear maker is at last enjoying the benefits of an upturn in demand, but much of the growth could come from less profitable areas.

Citigroup Inc named investment bank chief John Havens president and chief operating officer on Wednesday, expanding its most senior level of executives and elevating a long-time adviser to Chief Executive Officer Vikram Pandit.

US Bancorp reported higher-than-expected fourth-quarter earnings on Wednesday, aided by lower loan losses and the largest increase in new loans since the fourth quarter of 2008.

Bank of New York Mellon Corp , one of the world's largest custody banks, said its fourth-quarter profit from operations increased 10 percent as acquisitions bolstered fee income.

Two hackers have been arrested in connection with hacking into AT&T's database of email addresses connected with the Apple iPads.

Goldman Sachs Group Inc posted a 53 percent decline in quarterly profit as trading revenue tumbled, spoiling hopes that Wall Street's most influential bank might buck a volatile climate that has hurt rivals such as Citigroup Inc.

Wall Street was set for a lower open on Wednesday after Goldman Sachs posted a decline in quarterly profit, denting investor optimism about a strong earnings season.

The companies that reported earnings before the markets open on Wednesday are: Goldman Sachs, Wells Fargo, U.S. Bancorp, State Street, Northern Trust, Bank of New York Mellon and Hudson City Bancorp.

Taiwan Semiconductor Manufacturing Co Ltd, the world's largest contract chip maker, could boost investment by 35.6 percent in 2011 as it seeks to boost efficiency with new technology, a media report said on Wednesday.

Lenovo, the PC company came up with the device as China prohibits foreign game consoles

Venus Williams battled to injury to progress to the third round of the Australian Open with a 6-7 (6-8) 6-0 6-4 victory over Sandra Zahlavova, while fellow American, Andy Roddick, also progressed with a 7-6(7) 6-2 6-3 victory over Russia's Igor Kunitsyn in the second round of the Australian Open.

Stock index futures were little changed on Wednesday as investors awaited results from Goldman Sachs Group and Wells Fargo after financial stocks fell in the previous session on disappointing results from Citigroup.

Agribusiness giant Cargill Inc plans to spin off its $24 billion majority stake in Mosaic Co , a move that could eventually lead to a takeover of Mosaic, the world's second-largest fertilizer producer.

Stock index futures were little changed on Wednesday as investors awaited results from Goldman Sachs and Wells Fargo after financial stocks were weighed in the previous session by disappointing results from Citigroup.

US automaker Ford Motors on Tuesday announced that it would invest $400 mln in the Kansas City plant to install a new body shop, new tooling and other upgrades.