Rep. Rick Renzi (R-AZ), who was indicted last month for extortion, wire fraud, money laundering and other crimes, pleaded not guilty today in U.S. District Court in Tucson. Renzi is also facing an investigation by the House ethics committee, but he maintains that he is “innocent” and “will not resign.”
Gulf investors may not save Citigroup, Dubai executive says Mideast sovereign wealth funds may fail to save troubled U.S. banking giant Citigroup Inc. unless more cash is pumped into the lender, the head of a $13 billion Dubai-owned investment firm said Tuesday.
Unlike Consumers, Companies Are Piling Up Cash At least someone knows how to fill a piggy bank. Unlike most American consumers, whose failure to save has exasperated economists for years, the typical American corporation has increased its savings so sharply that it probably has enough cash on hand to completely pay off its debts.
Iranian leader lends Iraq $1 billion, tells U.S. to leave Iranian President Mahmoud Ahmadinejad lent $1 billion on Monday and told America to go home, as he wrapped up a two-day visit to Baghdad aimed at cementing Iran's blossoming relationship with its one-time enemy.
Insurgents 'took a break' during Ahmadinejad visit A top US general says 'Iranian-backed insurgents' took a couple of days off during the recent visit to Baghdad by Iran's president Mahmoud Ahmadinejad. Lieutenant General Ray Odierno, who has only just returned from duty as the second highest ranking US officer in Iraq, says Iran still controls 'insurgent' groups in Iraq.
U.S. calls for implementing sanctions on Iran The United States urged the international community on Tuesday to implement the fresh sanctions on Iran approved by the UN Security Council on Monday.
Iraqi teenager killed in US Apache helicopter An Iraqi teenager was killed during an attack by 'coalition' forces south of Samarra on Friday, officials said.
Terror suspects 'held on island' The UN torture investigator yesterday said he had received "credible" allegations that the US detained terror suspects on the Indian Ocean island of Diego Garcia - a claim that directly contradicts statements by the British and US governments. Manfred Nowak, one of the global body's unpaid, independent human rights experts, said multiple sources had told him that terror suspects were sent to Diego Garcia and kept there between 2002 and 2003.
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