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Business News
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Monday, 15 September 2008 |
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AFP, WASHINGTON - US President George W. Bush announced on Saturday restrictions on imported gasoline had been suspended in response to Hurricane Ike which had forced companies to abandon oil refineries along the Texas coast. "Last night we suspended EPA (Environmental Protection Agency) waivers on certain reformulated gasoline, which will make it easier for imports from abroad to make it into our markets. |
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Business News
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Monday, 15 September 2008 |
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AFP, ROME - Failing Italian airline Alitalia cannot guarantee any flights after Sunday because of lack of fuel, unions quoted special administrator Augusto Fantozzi as saying Saturday. "Up to tomorrow (Sunday) we have guaranteed flights, but not on Monday because no-one will supply us with kerosene," Fantozzi reportedly said after summoning the nine unions for last-ditch talks to save the airline. |
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Business News
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Monday, 15 September 2008 |
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NY Times As Lehman Brothers teetered Friday evening, Federal Reserve officials summoned the heads of major Wall Street firms to a meeting in Lower Manhattan and insisted they rescue the stricken investment bank and develop plans to stabilize the financial markets. Timothy F. Geithner, the president of the New York Federal Reserve, called a 6 p.m. meeting so that bank officials could review their financial exposures to Lehman Brothers and work out contingency plans over the possibility that the government would need to orchestrate an orderly liquidation of the firm on Monday, according to people briefed on the meeting. |
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Business News
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Monday, 15 September 2008 |
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AP, NEW YORK -- Walgreen Co. made an offer late Friday to buy Longs Drug Stores Corp. for $2.8 billion, hoping to unseat a rival offer from CVS Caremark Corp. that Longs had already accepted. Deerfield, Ill.-based Walgreen said it would pay $75 a share in cash to buy Walnut Creek, Calif.-based Longs, besting CVS's price of $71.50 per share, also in cash, which was equivalent to about $2.7 billion. Either deal would also include the assumption of about $200 million in debt. |
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Business News
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Monday, 15 September 2008 |
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AP, NEW YORK -- Delphi Corp. and its former parent General Motors Corp. said Friday they have reached a new deal on the automaker's role in Delphi's bankruptcy that puts the supplier on track to exit Chapter 11 by the end of the year. The agreement boosts GM's financial support of Delphi to $10.6 billion, up from $6 billion in an earlier plan. That includes the assumption of $3.4 billion in pension obligations for hourly workers, instead of the $1.5 billion predicted earlier. |
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Business News
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Monday, 15 September 2008 |
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REUTERS, SAN FRANCISCO- US mobile phone companies have begun to see substantial returns from delivering data and not just voice, fueled by greater openness on their networks, industry leaders said on Wednesday. But top executives of three of the nation's four largest mobile carriers also said they are still worried by consumer demands for unfettered freedom to use untested devices or software applications to connect to their networks. |
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International News
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Monday, 15 September 2008 |
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Times Online A freight train collided with a rush-hour commuter train in Los Angeles on Friday evening, killing at least 17 people and injuring scores of others, many of them critically. The crash was potentially the deadliest accident in the history of the Southern California commuter trains. |
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International News
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Monday, 15 September 2008 |
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Millions have fled areas near gulf NY Times As the sun rose over the Texas Gulf Coast, Hurricane Ike continued to whipsaw its way through Houston after lashing Galveston, leaving at least three million customers without power, streets under water and authorities poised to evaluate the extent of the damage once the storm made its way through. |
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International News
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Monday, 15 September 2008 |
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AFP, POTI, Georgia - Russian troops pulled out of encampments in western Georgia on Saturday as the shooting of a Georgian policeman underlined tensions over the EU-brokered disengagement plan. As dawn broke, Russian columns could be seen leaving camps near the strategic port of Poti and around the western town of Senaki, abandoning earth embankments and trenches they had dug and heading towards the Abkhazia rebel region. |
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International News
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Monday, 15 September 2008 |
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AFP, WELLINGTON - A pilot has successfully landed an aircraft in Antarctica using night-vision goggles, a feat hailed Saturday as historic and could lead to year-round flights to the frozen continent. The pilot of the US Air Force Globemaster flew from Christchurch in New Zealand to the US Antarctica base at McMurdo Sound overnight Thursday in the first such mission described as risky. |
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International News
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Monday, 15 September 2008 |
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AFP, PARIS - Pope Benedict XVI Saturday urged Catholics to respond to Christ's call in an open-air mass attended by some 260,000 people to celebrate his first visit to France, before leaving on a pilgrimage to Lourdes. In brilliant morning sunshine, the leader of the world's one billion Roman Catholics arrived by "popemobile" at Paris' historic Invalides complex south of the Seine, where 60,000 youths camped out overnight after a candlelit riverside procession. |
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Health News
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Monday, 15 September 2008 |
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Promoter of nutritional pills drops libel action against Guardian The Guardian Online Matthias Rath, the vitamin campaigner accused of endangering thousands of lives in South Africa by promoting his pills while denouncing conventional medicines as toxic and dangerous, has dropped a year-long libel action against the Guardian and been ordered to pay costs. |
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International News
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Monday, 15 September 2008 |
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Agencies Jacob Zuma, the leader of the ANC overcame a big obstacle to becoming South Africa's next president yesterday when a high court judge threw out fraud and corruption charges against him. Judge Chris Nicholson criticised prosecutors and upheld Zuma's claim that he was the victim of politically motivated charges, saying there was "a ring of Kafka" to the prosecution. |
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Country News
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Monday, 15 September 2008 |
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BNP meet decides Staff Correspondent Khaleda Zia will head BNP for life, party leaders decided Saturday in a standing committee meeting, just two days after her release from jail. The BNP leader said committee members also decided that last year's controversial Oct 29 standing committee meeting was illegal and annulled its decisions. |
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International News
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Monday, 15 September 2008 |
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REUTERS, NEW DELHI- At least 18 people were killed and 80 injured in serial bomb blasts in New Delhi on Saturday, police said. "18 people have died so far," Delhi police commissioner Y.S. Dadwal told reporters. "They (the bombs) do not seem to be of very high intensity." |
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Country News
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Monday, 15 September 2008 |
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Desk Report Bangladesh has condemned the serial bomb blasts that killed at least 18 people in New Delhi on Saturday, and expressed solidarity with the government in fighting terrorism. India, suffering a wave of bombings in recent years with targets ranging from mosques and temples to trains, has said in the past that it suspects militant groups from Pakistan and Bangladesh are behind many of the attacks. |
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Country News
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Monday, 15 September 2008 |
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Admits Election Commission Staff Correspondent The Election Commission has conceded that it may not be possible to hold upazila elections from Oct 23, as the commission has still to hold talks with BNP and the polling regulations have yet to given the all-clear by the law ministry. "The commission does not have sufficient time in hand if the schedule is to be announced at least 40-45 days before the election date," election commissioner Muhammad Sohul Hussain told bdnews24.com Saturday. |
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Country News
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Monday, 15 September 2008 |
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Staff Reporter A ship laden with fertiliser sank in the outer-anchorage of Chittagong port early Saturday, although no casualties were reported. The shipment of 26,250 tonnes of TSP fertiliser originated in Morocco and was destined for the Bangladesh Agriculture Development Corporation. |
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Business News
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Monday, 15 September 2008 |
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The government is considering a cut in fuel prices following the drop in global oil price, the finance and planning adviser said Saturday, reports bdnews24.com "As fuel prices have come down in the international market, we will hold a meeting to discuss a cut in domestic fuel prices," adviser AB Mirza Azizul Islam told reporters on his return home at Zia International Airport. |
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Country News
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Monday, 15 September 2008 |
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Staff Correspondent The first-phase of the 100-day job generation scheme is set to begin on Monday for an initial period of sixty days throughout the country, a senior government official said on Saturday. "We are fully prepared to launch the project," food and disaster management secretary Molla Waheeduzzaman told bdnews24.com. |
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