3xwy Blog

AP – Clothing maker Phillips-Van Heusen Corp. said Monday it has agreed to buy privately held Tommy Hilfiger in a cash-and-stock deal valued at about $3 billion, creating one of the world’s biggest clothing companies.

AP – This sprawling metropolis is built atop one of the richest oil basins in the world. Wells dot the city landscape, some hidden behind hollow building facades much like a Hollywood movie set, or, in the case of Beverly Hills High School, encased in a tower painted with flowers.

AP – U.S. Secretary of State Hillary Rodham Clinton on Monday offered to help Argentina and Britain resolve a festering dispute over a vast swath of the southern Atlantic Ocean where Britain has begun drilling for oil.

Secretary of State Hillary Clinton says Iran is still not complying with its international obligations, so the United States and its partners have no choice but to tighten financial sanctions. The U.S. is not only looking to the U.N. Security Council, where there is a lot of skepticism that sanctions could work, but is also preparing its own measures to try to isolate Iran from the international financial system.

AP – The Energy Department will likely report a 1.65 million-barrel build in crude oil reserves on Thursday for the week ended Feb. 12, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

More snow is predicted for the mid-Atlantic region Tuesday and Wednesday. The storm could bring up to 20 inches of snow. Doug Hill, chief meteorologist at ABC 7 News, Washington, D.C.’s ABC affiliate, offers his insight on how snowstorms are predicted.

The U.S. and its allies have agreed to pour in millions of dollars into Yemen but they say the government has to shape up first. That was the core of the message that Secretary of State Hillary Clinton delivered to a meeting in London on Yemen. The group is trying to help stabilize Yemen, which is one of the poorest nations in the Arab world, and is struggling to contain al-Qaida.

AP – ConocoPhillips says it earned $1.2 billion in the fourth quarter as higher oil prices offset lower prices for natural gas.

Secretary of State Hillary Clinton travels to London this week to discuss with foreign officials two of Washington’s top international priorities. Her first meeting focuses on Yemen, its civil war and its attempts to control al-Qaida. Another round of talks is devoted to tackling corruption and the Taliban in Afghanistan.

Foreign ministers gathered Monday in Montreal, where they discussed international support for Haiti. They agreed aid will be needed for a long time and countries will have to carefully coordinate their efforts. Secretary of State Hillary Clinton said it’s important to be “partners with Haiti, not patrons.”