CPI Corp. to delay filing annual report


Iran vows “new initiatives” in talks with West

Iran’s top nuclear negotiator says his country will offer “new initiatives” in talks this weekend with world powers.
The remarks by Saeed Jalili come ahead of the Saturday talks over Tehran’s controversial nuclear program with six countries, including the United States and five other world powers in Istanbul. It is the first time the two sides […]

Greece bailout deal faces obstacles, despite austerity vote

BRUSSELS

Fidelity: 401(k) balances little changed over 2011

Workers stashed money away in their 401(k) retirement plans at a faster clip last year but didn’t get an immediate reward for their savings strategy. Fidelity Investments, the nation’s biggest 401(k) administrator, says the average account balance was essentially unchanged in 2011, compared with 2010.
The year-end average for participants in Fidelity Investments plans was $69,100, […]

Republican Senators Say Fed Overstepped Its Role With Advice on Housing - Bloomberg

Republican Senators Orrin Hatch of Utah and Bob Corker of Tennessee criticized the Federal Reserve for overstepping its role by making policy recommendations on how the U.S. government should try new ways to spur the housing market.
Hatch, the top-ranking Republican on the Senate Finance Committee, said the housing study sent by Chairman Ben S. […]

Euro-Area Crisis Presents Significant Risk for South Africa, Lagarde Says - Bloomberg

South Africa has become increasingly integrated into the global economy, leaving it exposed to

TSX starts 2012 trading on positive note

TORONTO

Olympus denies wrongdoing as groups urge reforms

The new president of embattled Olympus Corp. on Thursday denied the company’s $687 million payment for financial advice was excessive, while foreign business groups urged Japan to bolster its lagging corporate governance rules to avoid more high-level scandals.
Shuichi Takayama, who was named president Wednesday following the abrupt resignation of Chairman and President Tsuyoshi Kikukawa, sought […]

Putin praises himself as ‘most hardworking’ leader

Russian Prime Minister Vladimir Putin has praised himself as Russia’s “most hardworking” leader since World War II.
In his first lengthy interview since last month’s announcement that he will seek a third presidential term, the 59-year-old prime minister said that Communist-era leaders were not physically capable and did not have “the will” to run the country […]

BP, 2 other companies cited over Gulf oil spill

Federal regulators on Wednesday cited oil company BP PLC and two other companies _ Transocean Ltd. and Halliburton _ for alleged safety and environmental violations stemming from last year’s rig explosion and massive Gulf oil spill.
The companies have 60 days to appeal the citations issued by the Interior Department’s Bureau of Safety and Environmental Enforcement.
The […]