Kofi Annan quits as Syrian peace envoy
BEIRUT – Kofi Annan announced his resignation Thursday as peace envoy to Syria and issued a blistering critique of world powers, bringing to a dramatic end a frustrating six-month effort that failed to achieve even a temporary cease-fire as the country plunged into civil war.
Annan also had harsh words for the Syrian regime, saying it was clear President Bashar Assad “must leave office.”
As the violence escalated on the ground, rebels used a captured tank to shell a military air base near Aleppo – one of the first known uses of heavy weapons by the insurgents.
Speaking to reporters in Geneva, Annan blamed the Syrian government’s intransigence, the growing militancy of Syrian rebels and a divided Security Council that failed to forcefully back his effort. Since he took on the job, Russia and China have twice used their veto power to block strong Western- and Arab-backed action against Assad’s regime.
Trading glitch will cost Knight Capital $440M
NEW YORK – A technical problem that briefly threw dozens of stocks into chaos Wednesday will cost Knight Capital Group $440 million, the trading firm said Thursday. Knight’s own stock plunged for a second day, erasing 75 percent of its value in two days. The company also said it is pursuing ways to raise money to fund the expense, raising questions about the firm’s viability. And at least two financial institutions announced they had halted trading with Knight, at least temporarily.
In the two days since the glitch occurred, Knight’s stock has fallen to $2.58 from $10.33 on Tuesday. Knight takes orders from brokers like TD Ameritrade and E-Trade and routes them to the exchanges where shares are traded.
Baseball cards found in Ohio attic sell big
TOLEDO, Ohio – Century-old baseball cards found in an Ohio attic have been sold at auction for a combined $566,132 in brisk online and live bidding.
The sale Thursday night, held during the National Sports Collectors Convention in Baltimore, featured cards depicting Hall of Famers Honus Wagner and Ty Cobb.
The 37 baseball cards exceeded the $500,000 they were expected to fetch. The prices included buyer’s premiums.
Family members cleaning out their grandfather’s attic in Defiance, Ohio, came across what experts say is one of the most exciting finds in the history of sports card collecting.