Trader robbed of Rs.700,000 at gunpointNEW DELHI - Three motorcycle-borne assailants robbed a trader of Rs. 700,000 at gun point, Delhi Police said Sunday. AP News in BriefObama says he’ll accept Nobel Peace Prize as ‘call to action’ toward peace and prosperity Kurds begin exporting oil in boost Iraqi revenues and their political cloutIRBIL, Iraq — Iraq’s self-ruled Kurdish region officially started pumping crude oil to the international market on Monday, a development that will boost Iraq’s cash-strapped economy. This hurricane season, who will secure all of the foreclosed homes if a storm blows ashore?LEHIGH ACRES, Fla. — Mike Manikchand points toward his neighbors — a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards — and he wonders: What will happen if a hurricane slams into southwest Florida this year? Future GM owners could reap $12 billion tax break _ if it ever returns to profitabilityWASHINGTON — The government bailout of General Motors includes a valuable prize for the ailing carmaker: a tax break that could save GM and its future investors more than $12 billion — if it ever becomes profitable again. Mullah Fazlullah not killed yet, admit top Pak security officialsISLAMABAD - A day after the North West Frontier Province (NWFP) Information Minister Iftikhar Hussain claimed that Swat Taliban chief Mullah Fazlullah has been killed in a military operation being carried out in the Valley, top security officials have denied the report. Kavya Shivashankar, 13-year-old Kansas girl, aces ‘Laodicean’ to win National Spelling BeeWASHINGTON — Cool and collected, Kavya Shivashankar wrote out every word on her palm and always ended with a smile. The 13-year-old Kansas girl saved the biggest smile for last, when she rattled off the letters to “Laodicean” to become the nation’s spelling champion. Couple kidnapped from Chandigarh-Delhi highwayZIRAKPUR - A young married couple was kidnapped by three armed men on the Chandigarh-Delhi highway Thursday, police said. While the husband was freed by the kidnappers, the wife was being held for ransom. YSR: A doctor who feels the public pulseHYDERABAD - A trained doctor, Yeduguri Sandinti Rajasekhara Reddy or YSR as he is popularly known, has learnt to feel the public pulse as he takes over Wednesday as Andhra Pradesh chief minister for the second successive term and sets new records. Va. prison escapee jailed in Ga. 27 years after getting away; says he walked through 2 statesATLANTA — A man who escaped from a Virginia prison 27 years ago was arrested Wednesday in northern Georgia, where he lived with his wife in a trailer tucked in the woods of an Appalachian mountain valley. Bankruptcy judge approves Tribune request for permission to pay $13M in employee bonusesWILMINGTON, Del. — The Tribune Co. can pay more than $13 million in bonuses to almost 700 employees for their work last year, a federal bankruptcy judge ruled Tuesday. Stocks turn higher after sell-off; investors look for next catalyst for 2-month rallyNEW YORK — Wall Street is rebounding moderately in early trading as investors look for the next catalyst to extend a two-month rally. Nissan reports 233.7 billion yen loss for fiscal year battered by slowdown, strong yenTOKYO — Nissan Motor Co., Japan’s No. 3 automaker, reported a 233.7 billion yen ($2.4 billion) annual loss, a reversal of fortune from the previous profitable year but better than the company’s own forecasts. Phone company Windstream buying Pennsylvania business for $159M in cash, stockLITTLE ROCK, Ark. — The phone company Windstream Corp. says it has agreed to buy D&E Communications for $159 million in stock and cash in a deal that will double the size of its business in Pennsylvania. Shoppers suffering from frugal fatigue splurge just a little, but not likely to spur recoveryNEW YORK — As they watched stocks rally last month, Matt Rizzetta and his fiancee Daniela Papandrea loosened up their wedding and home renovation budgets. Blackberry’s Balsillie makes $212.5 million offer to buy Coyotes, hopes to move club to CanadaTORONTO — BlackBerry boss Jim Balsillie is looking to buy the cash-strapped Phoenix Coyotes and move them to Ontario. AK Steel trims second-quarter outlook on GM, Chrysler production shutdownsPITTSBURGH — Production cuts at General Motors Corp. and Chrysler LLC will leave AK Steel with a larger-than-expected loss in the second-quarter, the steel maker said Tuesday. Stocks add to already big gains following rise in pending home sales, construction spendingNEW YORK — Investors are rushing into stocks Monday as surprise increases in pending home sales and construction spending offered the latest signs that the economy is stabilizing. Auto workers gain 55 percent Chrysler stake, but don’t get power to run the companyDETROIT — The United Auto Workers union would appear to be the big winner in the Chrysler bankruptcy saga, having exercised its considerable political muscle to win a 55 percent stake in the country’s third-largest automaker. Business HighlightsRetailers see sales begin to recover in September NEW YORK (AP) — The nation’s stores saw their first sales gain in 14 months in September, a sign of life from shoppers that fuels some hope for the holiday shopping season. Alternative fuel tax credit, reduced spending, boost International Paper’s 1st-qtr profitNEW YORK — International Paper Co.’s first-quarter profit nearly doubled, as lower spending and a big tax credit for alternative fuel use offset falling sales of paper and timberlands. New Zealand central bank cuts half percentage point from key interest rateWELLINGTON, New Zealand — New Zealand’s central bank cut half a percentage point from the nation’s key interest rate Thursday, dropping it to a record low of 2.5 percent from 3.0 percent in a further bid to halt the economy’s slide into deeper negative growth. Susan Boyle’s web-savvy fans turn to cybersquattingLONDON - Fans of Britain’s Got Talent star Susan Boyle are registering unofficial domain names in an effort to cash in on her new-found popularity. Correction: April 16 Cytec Industries storyIn an April 16 story about Cytec Industries Inc.’s first-quarter results, The Associated Press erroneously reported the period that included a net charge of $3.4 million, or 7 cents per share. Those items were included in the 2008 first quarter, not the 2009 first quarter. Japan Airlines mulls loans from government-run bank as demand for travel slumpsTOKYO — Japan Airlines Corp., Asia’s biggest carrier by sales, said Tuesday it is considering applying for government loans to cope with slumping travel demand amid the global downturn. Dhoni’s brother joins BJP, starts campaign in JharkhandRANCHI - Indian cricket captain Mahendra Singh Dhoni’s elder brother, Narendra Dhoni joined the Bharatiya Janata Party (BJP) Sunday and started campaigning for the party’s candidate in the Jharkhand capital. Obama, Calderon pledge cooperation against drug violenceMEXICO CITY - US President Barack Obama and Mexican President Felipe Calderon pledged Thursday to work together to combat escalating drug violence along the border. China’s GDP up 6.1 percent in first quarterBEIJING - China’s economy expanded by 6.1 percent year-on-year in the first quarter, official data showed Thursday. Assocham calls for lower rates for agro, infra projectsNEW DELHI - A leading industry lobby Sunday urged the country’s central bank to lower prime lending rates (PLR) for agriculture and infrastructure projects to 10 percent from the current 15 percent to help economic expansion. Money really can’t buy happinessWASHINGTON - A study of the mental state of the modern American woman has found that financial security might not be enough to ensure happiness or satisfaction with one’s life. |
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