MANAGEMENT

Aaron LeMieux grew up hearing his native Cleveland used as the punchline for jokes such as the mistake on the lake. But the city is attempting to shake its downtrodden image - enhanced by a history of sporting futility - and entrepreneurs like LeMieux are leading the charge.

A powerful member of South Africa's ruling party on Wednesday accused the new government spokesman of making racially insensitive comments that echoed the injustices of the apartheid era.

Ghana will receive its first payment for oil flows later this month, the country's finance minister said on Wednesday after parliament passed a long-delayed oil revenue management bill in a unanimous vote.

Marcellus Shale gas will bring an estimated $250 billion in payments to Pennsylvania land owners and stronger economic activity, said FBR Capital Markets.

Jimmy Manyi, the spokesperson for the government of South Africa, has come under fire for perceived racialist comments he has made about the country’s mixed race people and about Indian immigrants.

Shareholders of two of the firms in a consortium buying U.S. insurer AIG's Taiwan unit approved the $2.16 billion bid on Wednesday, setting the scene for what is expected to be a tough battle with regulators.

A former partner of D.E. Shaw and an ex-Goldman Sachs (GS.N) partner are setting up a new firm to raise about $500 million for a China-focused private equity fund to join the growing competition for deals in the world's No.2 economy, sources told Reuters on Wednesday.

The trustee seeking money for victims of Bernard Madoff's Ponzi scheme has sued Tremont Group Holdings for $2.1 billion, saying it missed warning signs the business could be a fraud.

The Chinese government blamed foreign reporters on Tuesday for a weekend ruckus with police who tried to prevent them covering a planned protest in Beijing, as rights groups slammed China for curtailing press freedoms.

A Bay Area hedge fund manager settled civil charges that he secretly diverted more than $12 million in proceeds to other entities he controlled, securities regulators announced.

Pilots will soon be able to use the iPad to replace paper charts.

This just-in-time book will help any investor find safe havens that will turn the economic downturn into a unique wealth-building experience. As long as stocks continue to post new highs and surprising lows, investors will need dynamic strategies to make a profit. Wealth Building Strategies in Energy, Metals, and Other Markets explains that money management and long-term trend identification are the keys to investing success.

Borrowing by small U.S. businesses rose in January from the prior year, data released by PayNet Inc on Tuesday showed, but fell compared to December, underscoring the recovery's slow slog. The Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to U.S. small businesses, rose 14 percent

Hong Kong-listed shares of HSBC Holdings Plc fell more than 5 percent on Tuesday, the biggest single-day decline in almost a year after Europe's biggest bank cut its profitability target citing the cost of tougher banking regulations.

Allianz Global Investment (AGI), the funds arm of one of Europe's largest insurers, see growth opportunities in China's burgeoning pensions market, where ageing residents are battling to fund their retirements.

China faces acute environmental and resource strains that threaten to choke growth unless the world's second-biggest economy cleans up, the nation's environment minister said in an unusually blunt warning.

Corrects spelling of head of consumer banking's last name, paragraph 6

A U.S. regulator charged three former directors of a military contractor with involvement in a massive accounting fraud, after a jury had convicted the company's founder of orchestrating the $190 million scheme.

Nigeria's state asset management company said on Monday it was set to start the second round of non-performing loan purchases from the banking sector and was on track to soak up all bad credit by the end of next month.

While Republican lawmakers in Wisconsin and certain other states are seeking to curtail the power and influence of public sector unions, a different kind of labor dispute is taking place in Philadelphia which may be an augur for U.S. employee-management relations in the future.

RBC Capital Markets upgraded its rating on shares of Sunstone Hotel Investors Inc. (NYSE: SHO) to "outperform" with above average risk from "sector perform" and increased price target to $14 from $11.