Bankruptcy judge approves sale of Atlantic City Tropicana to Icahn-led group at 80 percent offCAMDEN, N.J. — Billionaire investor Carl Icahn is back in the Atlantic City casino business. Wife of senator playing key role in health care overhaul serves on medical company boardsWASHINGTON — The wife of a senator playing a lead role on a national health care overhaul sits on the boards of four health care companies, one of several examples of lawmakers with ties to the medical industry. UAE seeks to boost economic, energy ties with IndiaNEW DELHI - In the first visit here by a foreign minister since the formation of the new government in India, United Arab Emirates Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan Friday called for scaling up economic and energy ties and sought New Delhi’s help to develop renewable energy. Oil slips below $72 as market takes profit but mood is bullish on improving economic dataVIENNA — Oil prices slipped below $72 a barrel Friday as the crude market took a breather from its recent daily gains. But the mood remained bullish as investors eyed signs that the global recession may be easing. Trader shot at, robbed of Rs 2.5 million in DelhiNEW DELHI - A trader was shot at and robbed of Rs. 2.5 million by four assailants in the capital, police said Friday. Officials say 2 blasts strike within minutes in Pakistan after Muslim prayers; at least 2 deadLAHORE, Pakistan — Officials say two blasts went off within minutes of each other in two Pakistani cities, killing at least two people and wounding dozens more. Canadian firm denies wrong-doing in Kerala projectsTORONTO - SNC-Lavalin, the Canadian engineering company that is at the centre of the alleged Rs.300 crore ($60 million) bribery scandal in Kerala, has denied any wrong-doing in its business operations in India. Home of commander in Pakistan’s northwest attacked; 2 killedPESHAWAR, Pakistan — Gunmen opened fire Friday at the home of the army commander heading the military offensive against Taliban militants in Pakistan’s northwest, sparking a gunbattle just hours after a suicide attack at a police checkpoint, officials said. Homeowners are threatened with foreclosure for not paying their homeowner association duesIRVING, Texas — Thousands of Americans who have generally kept up with their mortgages are still in danger of losing their homes because they made a fateful trade-off in this shaky economy — they let their homeowner association dues slide. Ford CEO Mulally says debt swap, new shares likely as automaker works to show profit in 2011DEARBORN, Mich. — Ford Motor Co. will likely trade more of its debt for equity, and sell more common stock, so it can improve its balance sheet until the company can become profitable in 2011, CEO Alan Mulally said Thursday. Energy Dept. releases $300 million for vehicle efficiency research, other projectsWASHINGTON — The Energy Department says its making $240 million available for research into more fuel-efficient large trucks and passengers vehicles. It also is providing about $11 million for nine projects looking into capturing carbon dioxide from coal plants and $49 million for two dozen solar technology projects. WHO tells members a global outbreak of swine flu has begun _ 1st pandemic in 41 yearsGENEVA — Swine flu is now formally a pandemic, a declaration by U.N. health officials that will speed vaccine production and spur government spending to combat the first global flu epidemic in 41 years. Thursday’s announcement by the World Health Organization doesn’t mean the virus is any more lethal — only that its spread is considered unstoppable. New jobless claims drop more than expected; retail sales rise for first time in 3 monthsWASHINGTON — The number of newly laid-off Americans filing jobless claims fell more than expected last week and retail sales grew in May for the first time in three months. But a rise in the number of people continuing to receive jobless aid signaled that an economic recovery is still far off. Government again warns against steel price hikeMUMBAI - Any hike in steel prices is unjustifiable as the cost of iron ore and coking coal have come down since last year, Steel Secretary P.K. Rastogi said here Thursday. Stock index futures point to modestly higher open ahead of jobs, retail sales dataNEW YORK — Stock index futures rose modestly Thursday morning, pointing to a higher opening on Wall Street ahead of some key economic data. WHO likely to declare swine flu pandemic Thursday as cases spread worldwideGENEVA — The World Health Organization held an emergency swine flu meeting Thursday and was likely to declare the first flu pandemic in 41 years as infections climbed in the United States, Europe, Australia, South America and elsewhere. First extragalactic exoplanet may have been found by gravitational microlensingLondon, June 11 (ANI: A team of scientists has used gravitational microlensing to come up with a tentative detection of the first extragalactic exoplanet in Andromeda, our nearest large galactic neighbour. Kinnaur tribals throw doors open for city slickersSHIMLA - Want to go to the hills for a vacation but bored with hotels? Now you can stay in a tribal villager’s home, savour local cuisine and even work in the fields — thanks to a ‘household tourism fest’ in Himachal Pradesh. Lawmakers see improved prospects for creation of government representing Native HawaiiansWASHINGTON — Granting Native Hawaiians the chance to form their own government, like those established by many of the nation’s 562 American Indian tribes and Alaska Natives, would break new ground and eventually be ruled unconstitutional, critics of the proposal said Thursday. Still reeling from 2008 loss, Clinton legacy takes another beating with McAuliffe’s defeatNEW YORK — Terry McAuliffe’s crushing defeat in Virginia’s gubernatorial primary is the latest blow to former President Bill Clinton’s political legacy, still reeling from Hillary Rodham Clinton’s loss to Barack Obama in last year’s Democratic presidential contest. Taliban offences enraging Pakistanis: HolbrookeWASHINGTON - Taliban offences in Pakistan are dramatically changing the attitude of the government and people there, says US special representative for Afghanistan and Pakistan, Richard Holbrooke. Va. state senator, a bit rough around the edges, beats party star in Dem primary for governorRICHMOND, Va. — For four years, Democratic state Sen. R. Creigh Deeds has coped with losing the closest statewide race in modern Virginia history to Republican Bob McDonnell. UN set to begin probe into Benazir assassinationISLAMABAD - The UN is set to begin its probe into the 2007 assassination of former Pakistani prime minister Benazir Bhutto with the appointment of a former Irish policeman as the third member of a commission that has been set up to conduct the enquiry. South Korea snatches best airport title from Hong KongHONG KONG - South Korea’s Incheon International Airport has been named the world’s best by travellers, snatching the title from Hong Kong, which won the award in seven of the past eight years, a survey published Wednesday showed. Myanmar’s ethnic groups demand UN probe into Karen exodusBANGKOK - A coalition of Myanmar’s ethnic groups Wednesday called on the United Nations Security Council to investigate attacks on ethnic Karen villages in eastern Myanmar that have forced more than 3,000 refugees into Thailand. Officials: 2 people shot inside US Holocaust Memorial Museum in Washington, D.C.WASHINGTON — A gunman exchanged fire with security guards inside the U.S. Holocaust Memorial Museum on Wednesday. One security guard and the gunman were taken to a hospital. Ohio teacher sues after being fired over accusations he displayed Bible and preached in classCOLUMBUS, Ohio — An Ohio school teacher fired over accusations that he preached Christianity in class says in a $1 million lawsuit that his free speech and civil rights were violated. Despite Pentagon claims military in charge, report says security firm oversees for-hire guardsWASHINGTON — A major security contractor is running an office overseeing armed guards in Afghanistan, a situation at odds with the Pentagon’s claim that military officers would be in charge of such sensitive work. Millions of Londoners take to boats, taxis and bikes as subway strike causes commuter chaosLONDON — Londoners squeezed onto overcrowded buses, boarded river boats, pedaled bikes or walked in the rain Wednesday — as thousands of subway workers went on strike and drove the capital to transportation chaos. Canada, India announce four new science and technology JV initiativesOTTAWA - Canada’s Minister of International Trade and for the Asia-Pacific Gateway Stockwell Day today announced funding for four new Canada-India science and technology projects worth 6.7 million dollars. |
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