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MetLife set to buy AIG’s Alico unit: sources (Reuters)

Reuters - AIG was closing in on a deal on Sunday to sell its foreign life insurance unit to MetLife Inc for about $15.5 billion in cash and stock, leaving it with a substantial minority stake in MetLife, sources familiar with the matter said.

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MetLife set to buy AIG’s Alico unit: sources
(Reuters)

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Kohl’s 4Q profit rises on sales, tight inventory (AP)

AP - Kohl’s Corp. grew its profit in the fourth quarter as it kept its inventory levels lean and took advantage of shoppers’ trend toward buying value-priced goods, the discount retailer said Thursday.

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Kohl’s 4Q profit rises on sales, tight inventory
(AP)

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Coke to acquire bottler’s North American business (AP)

AP - Coca-Cola Inc. plans to acquire the North American operations of its largest bottler in a move that mirrors similar deals by it main rival PepsiCo to gain more control of manufacturing and distribution.

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Coke to acquire bottler’s North American business
(AP)

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Earnings Preview: Southwest seen posting 4Q profit (AP)

AP - Southwest Airlines Co. is scheduled to report fourth-quarter results Thursday.

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Earnings Preview: Southwest seen posting 4Q profit
(AP)

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Citigroup loses $7.8B in 4Q (AP)

AP - Citigroup Inc. became the latest bank to take a cautious view of consumers’ credit problems, reporting a $7.77 billion fourth-quarter loss due to failed loans and the costs of repaying $20 billion in government bailout money.

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Citigroup loses $7.8B in 4Q
(AP)

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US Fed welcomes AIG bailout probe (AFP)

AFP - Federal Reserve chairman Ben Bernanke said Tuesday he “would welcome” a congressional probe into the controversial government bailout of insurance giant AIG during the financial crisis.

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US Fed welcomes AIG bailout probe
(AFP)

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UK consumer price inflation jumps to 2.9 pct (AP)

AP - Consumer prices shot up 2.9 percent in the year to December, above the government’s target and the biggest ever month-to-month increase in the annual rate, official statisticians said Tuesday.

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UK consumer price inflation jumps to 2.9 pct
(AP)

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Canadian terror plotter sentenced to life in prison (AFP)

AFP - The ring leader of a group of 18 alleged Islamic extremists accused of plotting to bomb Canada’s main bourse and other targets was sentenced on Monday to life in prison.

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Canadian terror plotter sentenced to life in prison
(AFP)

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Fed policy unlikely to be swayed by jobs data: Bullard (Reuters)

Reuters - Federal Reserve monetary policy is unlikely to pushed off course by December’s surprising job losses, a senior Fed official said on Monday.

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Fed policy unlikely to be swayed by jobs data: Bullard
(Reuters)

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Goldman weighs expanding charity program (Reuters)

Reuters - Goldman Sachs Group Inc may expand a program that would require executives to give a part of their pay to charity, as it looks to cool public anger over compensation, the New York Times reported on Sunday.

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Goldman weighs expanding charity program
(Reuters)

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