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Obama admission of mistake rare for presidents

WASHINGTON (Reuters) - Presidents do not like to admit mistakes. They see it as a sign of weakness. That is why it was noteworthy that Barack Obama publicly admitted making a mistake only two weeks after taking power.


Clinton: A politician's touch in a diplomat's job

WASHINGTON (Reuters) - The politician's art of balancing combat and compromise should prove to be a crucial asset for new U.S. Secretary of State Hillary Clinton as she tackles a daunting array of foreign policy challenges.


Local funds should diversify portfolio

Malaysian institutional funds should take the opportunity to diversify their portfolios now as they are insulated to a certain extent from events in global markets, according to global financial consulting firm Watson Wyatt.


Illinois scandal unwelcome distraction for Obama

CHICAGO (Reuters) - A political scandal that led to the arrest of Illinois' governor has become an unwelcome distraction for President-elect Barack Obama as he tries to keep his focus on preparing to run the country.


Wall Street tumbles on auto bailout worries

Wall Street's anxiety about Detroit automakers welled up Thursday, sending stocks sharply lower in an afternoon sell-off as investors grew fearful that a bill to rescue the companies wouldn't make it through the Senate.


Bill collectors get tough, and complaints surge

NEW YORK (AP) - After several years in which Americans were buying stuff on credit they could not afford, a rapidly increasing number are complaining about getting harassed and abused by bill collectors.


Biden seeks advisory role as U.S. vice president

JUPITER, Fla. (Reuters) - Joe Biden calls Dick Cheney the


Melewar sets takeover target

The Melewar group, which had indicated plans to launch a takeover of MAA Holdings Bhd (MAAH), expects to undertake the corporate exercise in the next 12 months.


Omar a hurricane once again in Atlantic

MIAMI (Reuters) - Omar regained hurricane strength in the Atlantic Ocean on Friday but did not pose an immediate threat to land after causing little damage this week as it blasted through the northern Caribbean.


Hurricane Omar weakens after surging into Atlantic

SAN JUAN (Reuters) - Hurricane Omar weakened rapidly as it surged into the Atlantic on Thursday, after threading its way through the small islands of the northeastern Caribbean as a fiercely powerful storm that ended up causing relatively little damage, U.S. forecasters said.