IMF may need less money to rebuild warchest: Lagarde

WASHINGTON (Reuters) - The International Monetary Fund is considering scaling back how much money it needs to rebuild its war chest for handling financial crises, and it may not strike a deal with members next week, the IMF head said on Thursday. "We need to cautiously reassess, and yes we are reassessing to a lower number in terms of risk, which will bring me to probably reassess a lower number of additional resources needed. I am not fixated on any particular number yet," IMF managing director Christine Lagarde said. ...

Former heavyweight champ Frazier remembered in SC (AP)

AP - Long before he became Smokin' Joe, the future heavyweight champion was known in his South Carolina hometown as "Billy Boy" — a stocky farmer's son who honed his devastating left hook on a punching bag made from a flour sack stuffed with corn cobs, rags and Spanish moss.