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Tom Storrs, who set a small North Carolina bank on the path to becoming one of the largest U.S. financial institutions, died Friday at age 93. Storrs was chairman and chief executive officer of North Carolina National Bank from 1974 to 1983, leading the company through volatile economic times and the first wave of out-of-state acquisitions that eventually led to the creation of today’s Bank of America Corp. As CEO, Storrs helped lay the groundwork for the Southeastern [...]
CAIRO (Reuters) ? The head of the Muslim Brotherhood, set to be the biggest party in Egypt’s new freely elected parliament, said Friday interim military rulers would be held accountable after handing power to civilians for any mistakes made during their time at the helm. The military budget will also be subject to parliamentary oversight, the Brotherhood’s general guide, Mohamed Badie, said in an interview with private Egyptian channel Dream TV, three days before the first session of parliament’s lower [...]
Former Penn State football coach Joe Paterno died Sunday, mere months after being fired following a child sex abuse scandal among his program’s coaching staff. ABC News reports Paterno died due to complications of lung cancer at the age of 85. Here’s a look at Paterno’s coaching career, by the numbers. 46: Years Paterno was the head coach at Penn State. Whereas many programs switch coaches often, Paterno’s legacy of consistent winning kept his job security intact. Paterno was 8-1 [...]
BEIRUT (Reuters) ? Twelve people were killed on Monday in Syria where a peace plan monitored by Arab observers has failed to douse a 10-month-old struggle between President Bashar al-Assad and his foes. Arab foreign ministers will meet on Sunday to discuss the future of the mission sent last month to check if Syria was abiding by the agreement it accepted on November 2. The Arab plan required Syria to halt the bloodshed, withdraw the military from cities, free detainees [...]
CAIRO (Reuters) ? Six Americans working for publicly funded U.S. organizations promoting democracy in Egypt have been barred from leaving the country, provoking angry demands in Washington that Cairo’s new military rulers stop “endangering American lives”. Among those hit by travel bans – one of those targeted called it “de facto detention” – is a son of U.S. Transportation Secretary Ray LaHood, as well as other foreign staffers of the International Republican Institute and National Democratic Institute, officials at the [...]