Hong Kong Picks Leader as Wealth Gap Fuels Public Discontent - Bloomberg

Hong Kong picks its new chief executive today, after a campaign marked by personal scandals, public discontent over a widening wealth gap and protests for greater democracy.
A 1,193-member committee of billionaires, including Hong Kong

Iran rejects claims of cleaning up nuclear works

Iran on Tuesday rejected allegations it attempted to clean up radioactive traces possibly left by secret nuclear work at a key military site before granting U.N. inspectors permission to visit the facility.
Foreign Ministry spokesman Ramin Mehmanparast told reporters in Tehran that the allegations were misleading and false, and insisted that such traces could not be […]

Jobless Claims in U.S. Rose 8,000 Last Week - Bloomberg

The number of Americans filing claims for jobless benefits rose to 362,000 last week, a level consistent with an improving labor market.
Applications for unemployment insurance payments increased by 8,000 in the week ended March 3, Labor Department figures showed today. Economists forecast 352,000 claims, according to the median estimate in a Bloomberg News survey. […]

Wynn details casino envisioned near Patriots’ home

Las Vegas casino owner Steve Wynn unveiled details Friday of a proposed Massachusetts resort casino he hopes to develop near the home of the New England Patriots.
Wynn mailed a brochure and 20-minute DVD to thousands of Foxborough households explaining the proposal, which has met resistance from many residents who are worried that it will add […]

Monti Expects Agreement on Firewall Soon - Bloomberg

Italian Prime Minister Mario Monti, signaling the worst may be over for the euro region

HSBC profits up as it bucks UK banking trend

Buoyant trading in Asia helped HSBC Holdings PLC, Europe’s biggest bank by market value, report a 28 percent increase in full-year profit Monday _ a marked contrast to the performance of other big British banks.
HSBC said its net profit for 2011 was $16.8 billion, up from $13.2 billion. Net operating income was 11 percent higher […]

Judge spikes MOSIRA science startup fund

The new fund designed to spur science startups in Missouri has been declared unconstitutional by a judge in Cole County.
Circuit Judge Dan Green tossed out the Missouri Science and Innovation Reinvestment Act (MOSIRA) in a ruling Tuesday morning, saying that the way it was approved by lawmakers in last fall’s special legislative session violated the […]

Pinterest quietly profits off its users’ links

The social networking field’s buzziest startup is under fire this week for not being completely transparent with its users.
Pinterest, which allows users to create a virtual pinboard showcasing items they find around the Web, has quietly been appending affiliate links to some pins — the ones featuring goods for sale online through Amazon […]

China

China

Asian stocks extend global rally on economy hopes

Asian stocks extended a global rally Thursday amid investor optimism that the U.S. economy may grow more than previously expected this year.
Tokyo’s Nikkei 225 rose 0.8 percent to 8,881.27 while Hong Kong’s Hang Seng gained 1.2 percent to 20,585.44 and Seoul’s Kospi added 1.4 percent to 1,985.82.
Signs of an improving U.S. economy have helped bolster […]