BEIJING (AP) -- For state-backed cyberspies such as a Chinese military unit implicated by a U.S. security firm in a computer crime wave, hacking foreign companies can produce high-value secrets ranging from details on oil fields to advanced manufacturing technology. Chesapeake says board probe finds no CEO misconduct
(Reuters) – Chesapeake Energy Corp said on Wednesday its internal probe of the financial dealings of outgoing Chief Executive Aubrey McClendon found no intentional wrongdoing. The Oklahoma City, Oklahoma, oil and natural gas company also said its board concluded that no antitrust laws were violated in connection with the acquisition of Michigan oil and gas rights in 2010. The company said last month the probe by its board of directors had at that point found no improper conduct. (Reporting By Anna Driver; Editing by Gerald E. McCormick) No verdict on ex-wife Vicky Pryce in case that toppled Huhne
LONDON (Reuters) – A British jury failed to reach a verdict on Wednesday on Vicky Pryce, who is accus ed of perverting the course of justice by helping her then husband, politician Chris Huhne, dodge a driving ban in 2003. Huhne, a Liberal Democrat who resigned from his cabinet post as energy secretary in February 2012 when he and Pryce were both charged over the 2003 deception, pleaded guilty to the charge two weeks ago. He is awaiting his sentence. … Belgian prince injured in skiing accident
BRUSSELS (AP) -- Belgium’s Prince Laurent was injured during a skiing holiday in Austria and remained under observation on Wednesday in a local hospital to monitor internal bruising.
Sudan eyes railway revival to help transform its economy
ATBARA, Sudan (Reuters) – On rail tracks in Atbara, Sudan's main railway city, stray engines and empty coaches from trains built in Europe, India and the United States, some more than 50 years ago, stand sti ll in the scorching heat. The trains broke down years ago and many of the coach windows have been smashed, while the tracks they stand on are derelict. Sudan was once home to Africa's largest railway network, with more than 5,000 kilometers (3,100 miles) of track running from the Egyptian border to Darfur in the west, Port Sudan on the Red Sea coast and Wau in what is now South Sudan. … Yahoo takes cue from Facebook in website revamp
(Reuters) – Yahoo Inc is rolling out a revamped look for its website aimed at making the Web portal more modern and attractive to users. "We wanted it to be familiar but also wanted it to embrace some of the modern paradigms of the Web," Chief Executive Marissa Mayer said on NBC's "Today" show on Wednesday. "One thing that I really like is this very personalized newsfeed, it's infinite and you can go on scrolling forever," she said. In a blog post, Mayer said the company will begin introducing the changes over the next few days, with more changes and improvements expected in the coming months. … Canadian house prices fall 0.3 percent in January from December: Teranet
TORONTO (Reuters) – Canadian home prices fell for the fifth month in a row in January from December and the year-over-year price gain was the smallest since 2009 as Cana da's housing market continued to cool, the Teranet-National Bank Composite House Price Index showed on Wednesday. The index, which measures price changes for repeat sales of single-family homes, showed overall prices fell 0.3 percent in January from a month earlier. The index was up 2.7 percent from a year earlier, the smallest year-on-year gain since November 2009 and the 14th consecutive month of slowing house price … Polish finance minister promoted to deputy PM
WARSAW (Reuters) – Polish Prime Minister Donald Tusk said on Wednesday he was promoting his finance minister, Jacek Rostowski, to the post of deputy prime minister. He said Rostow ski would keep his job as finance minister after the promotion. "The finance minister should have a stronger position," Tusk told a news conference. "Poland's growth and public finances, our fiscal discipline, will be the government's priority." Markets credit Rostowski with overseeing Poland's fiscal discipline and careful stewardship of the economy. … Conclave brings out cardinals' dirty laundry
VATICAN CITY (AP) -- Popular pressure is mounting in the U.S. and Italy to keep California Cardinal Roger Mahony away from the conclave to elect the next pope because of his role shielding sexually abusive priests.
TSX may open lower, FOMC minutes in focus
(Reuters) – Toronto's main stock index futures pointed to a slightly lower open on Wednesday, ahead of the minutes from the Federal Open Market Committee's January meeting which will offer clues on the central bank's monetary thinking. TOP STORIES BHP Billiton Ltd appointed the head of its non-ferrous business as its CEO to replace Marius Kloppers, the fourth global miner this year to change its top brass as the industry enters a new era of austerity. Credit Agricole posted a 6. … Housing starts drop on multi-family; permits at four-year high
WASHINGTON (Reuters) – Groundbreaking to build new U.S. homes fell in January but new permits for const ruction rose to a 4 1/2-year high, reinforcing expectations the housing market will support economic growth this year. The Commerce Department said on Wednesday that starts at building sites for homes fell 8.5 percent last month to a 890,000-unit annual rate. The decline was due to a sharp drop in the volatile multi-family unit category, which fell 24.1 percent during the month. Starts for single-family units, which comprised about two thirds of the total, edged up 0. … Defense: Pistorius substance not banned
PRETORIA, South Africa (AP) -- A substance found in Oscar Pistorius' bedroom was an "herbal remedy" and not banned, his defense lawyer said Wednesday, after police claimed they discovered two boxes of testosterone and needles in the Olympic athlete's house. Major Italian art collection handed to UK galleries
LONDON (Reuters) – A priv ate collection of 57 Italian Baroque paintings once belonging to banking heir Denis Mahon and valued at more than 100 million pounds has been formally handed over to six museums and galleries in Britain. The paintings had already been on long-term loan to the respective museums for many years on condition that they did not charge admission or sell works from their collections. … Islamist leader sees new Tunisian coalition government this week
TUNIS (Reuters) – The head o f Tunisia's main Islamist party said on Wednesday it had yet to agree on a nominee to replace outgoing Prime Minister Hamadi Jebali, but that he expected a new coalition government to emerge this week. "We need a coalition government with several political parties and technocrats," Ennahda party chief Rached Ghannouchi told reporters after talks with secular President Moncef Marzouki on Tunisia's political crisis. … 
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