Obama Cameron outline shift to Afghan lead next year
Obama and Cameron announced NATO will hand over lead combat duties to Afghan forces next year as part of a plan to end the war by 2014. They stressed no rapid withdrawal, with U S and allies aiming to reduce combat roles while Afghan forces assume responsibility amid ongoing regional turmoil.
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GOP campaign fight spreads to Puerto Rico and Illinois
The fight for the Republican nomination widens as Santorum heads to Puerto Rico after Alabama and Mississippi wins, while Romney pours nearly 1 million into Illinois ads. Romney presses ahead with a Chicago stop en route to San Juan. Gingrich remains in the race. Romney leads in delegates despite Santorum’s surge in recent contests.
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Schools choosing beef amid pink slime controversy
Albany reports the USDA will offer schools a choice in ground beef purchases in response to district requests as activists rally to ban ammonia treated lean finely textured beef. The term pink slime has spurred social media petitions and broad concern over school lunches and food safety.
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Muppet manifesto ends Goldman execs run at Goldman
Greg Smith, an executive director at Goldman Sachs, resigned with a blistering public essay accusing the bank of losing its moral fiber and prioritizing profits over clients. The NY Times Op-Ed, posted Wednesday, titled Why I Am Leaving Goldman Sachs, sparked wide online reaction and prompted a bank letter defending its culture.
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AFL-CIO fund pushes Berkshire to reveal CEO succession plan
A group of Berkshire Hathaway investors from the AFL-CIO Reserve Fund proposes a shareholder measure for the May annual meeting. The motion would require disclosure of a written CEO succession plan detailing the criteria for the next chief executive and the identities of potential internal candidates at the Omaha company.
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Markets Weekly Downturn Mixed Across Indices and Commodities
Wednesday markets showed mixed results with the Dow at 13,194.10 down 16.42 points, Nasdaq at 4,040.73 up 0.85, and the S&P 500 slipping 1,671.39 to 4,28? with 30 year Treasuries at 3.41%. In commodities, corn fell 3.25 cents to 6.59, soybeans rose 1.5 cents to 13.50, wheat dropped 6.5 cents to 6.78, oil lost 1.28 to 105.43, gold fell 51.30 to 1,642.90, silver down 1.40 to 32.18, and platinum down 26.50 to 1,675.30.
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