Having finished digesting its acquisition of Harris-Teeter, grocery store giant Kroger (NYSE:KR) is rumored to have an appetite for yet another acquisition.
(AP/Iranian Presidency Office) The Obama administration on Wednesday paid $490 million in cash assets to Iran and will have released a total of $11.9 billion to the Islamic Republic by the time nuclear talks are scheduled to end in June, according to figures provided by the State Department.
But Obama said Iran's shattered economy needs to be rebuilt after years of sanctions â and it is their money. We're not writing Iran a check, he said. This is Iran's money that we were able to block from them having access to. It's very likely the bulk of the $100 billion will not even be sent back to Iran, says Elizabeth Rosenberg, who worked on the Iran sanctions issue at the Treasury Department and is now with the Center for a New American Security.