Liverpool chief executive Rick Parry will leave the club at the end of the season. While the club refused to comment, the BBC and Press Association say Parry’s departure will be announced officially Friday. The move follows earlier speculation that Liverpool…

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Chief exec Rick Parry reportedly leaving Liverpool

Southeast Asian officials on Friday praised a proposal for the creation of a regional human rights body as a historic first step toward confronting abuses, but the body will lack the power to investigate or punish violators like military-ruled Myanmar. A…

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ASEAN unveils rights body but it still lacks punch

Oil prices fell back modestly in Asia today as traders took profits after signs of improving U.S. crude demand have sparked a 30 percent rally in the last week or so. Benchmark crude for April delivery fell 61 cents to…

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Oil prices slip in Asia to $44 a barrel

Oil prices fell back modestly in Asia today as traders took profits after signs of improving U.S. crude demand have sparked a 30 percent rally in the last week or so. Benchmark crude for April delivery fell 61 cents to…

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Oil pricces slip in Asia to $44 a barrel

The federal government is on the verge of closing a deal to significantly boost its ownership stake in Citigroup. In return, it will demand changes be made on the troubled banking giant’s board and other conditions, according to a person…

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U.S. nears boosting stake in banking giant Citigroup

Companies that defrauded the United States and jeopardized American lives received new government work despite rulings designed to stop them from receiving federal contracts, government investigators report. Payments went to a company whose president tried to…

Firms defraud government but get new US contracts

WASHINGTON/LONDON (Reuters) – The U.S. government will commit to holding a common equity stake of up to 30-40 percent in Citigroup in a deal that will see most of the group’s board replaced, a person familiar with the transaction said on Friday.

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U.S.’ Citi stake to rise in conversion deal: source

Asian stock markets were narrowly mixed Friday, with Japan’s benchmark up 1.5 percent, as persistent worries about the deteriorating world economy and financial system sidelined many investors. Trade was listless throughout the region after a bruising,…

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Asian stock markets mixed as economic fears weigh

The economy’s downhill slide at the end of last year was likely much steeper than the government initially thought and it is probably doing just as poorly now _ if not worse _ as a relentless slew of negative forces feed on each other, pushing the country…

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Economy likely suffered deeper contraction

LONDON (Reuters) – World stocks slipped toward this week’s 6-year low on Friday and the dollar hit a three-month high against major currencies as concerns intensified about corporate profits in pharmaceutical firms and banks.

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Stocks fall, dollar firms on profit concerns

The government is on the verge of closing a deal to significantly boost its ownership stake in Citigroup. In return, it will demand changes be made on the troubled banking giant’s board and other conditions, according to a person with knowledge of the…

Source: Gov’t on verge of deal to aid Citigroup

LONDON (Reuters) – Part-nationalized Lloyds Banking Group unveiled a 10 billion pound ($14.28 billion) loss for 2008 and said it had not finalized a plan to put billions of pounds of assets into a UK government-backed insurance scheme.

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Lloyds falls to £10 billion loss, in asset plan talks

Police have fired tear gas at protesters near the Pakistani capital as political unrest extended into a third day. Police confronted about 100 protesters on Friday as they were trying to block the main highway into the capital, Islamabad, by placing bricks…

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Police fire tear gas at protesters in Pakistan

The administration insists it isn’t so, but some private economists are wondering if the Obama administration has brought “Rosy Scenario” back to town. In unveiling his budget, President Barack Obama pledged to bring “honesty and fairness” back to the budget…

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Economists question budget’s economic assumptions

LONDON (Reuters) – Lloyds Banking Group said it had not finalized details of its plan to put billions of pounds of assets into a UK government-backed insurance scheme, as it unveiled a 10 billion pound loss for 2008.

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Lloyds slumps to $15 billion loss, in asset plan talks