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| Business News |
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| House passes housing bill; Bush lifts veto threat
(Reuters)
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| Amazon profit, sales above view and shares rise
(Reuters)
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| SemGroup gets court OK for initial bankruptcy motions
(Reuters)
Reuters - SemGroup LP, an Oklahoma-based oil trading services company, on Wednesday said it received approval from the Bankruptcy Court for its initial motions related to its bankruptcy. |
| Microsoft exec who led Yahoo bid leaving company
(Reuters)
Reuters - Microsoft Corp said on Wednesday that Kevin Johnson, who as president of Microsoft's largest business division spearheaded the company's pursuit of Yahoo Inc , is leaving the software maker. |
| China's Zhongxing in talks with GM, FAW: source
(Reuters)
Reuters - China's Hebei Zhongxing Automobile Co is in talks with General Motors and major Chinese automaker FAW Group to explore opportunities for cooperation, including equity ties, a source close to the situation said on Thursday. |
| Sluggish Economy Slows 'Somewhat' As Oil Squeezes Spending, Fed Reports
(Investor's Business Daily)
Investor's Business Daily - The economy has slowed "somewhat" as rising energy prices and the credit crunch force consumers to cut back, the Federal Reserve said Wednesday. |
| Colombia extradites 14 militia bosses to U.S. - 14, May 2008 | |
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BOGOTA (Reuters) - Colombia extradited 14 former paramilitary leaders to the United States on Tuesday to face drug-trafficking and other charges after authorities said the warlords violated terms of a peace deal with the government. By Patrick MarkeyBOGOTA (Reuters) - Colombia extradited 14 former paramilitary leaders to the United States on Tuesday to face drug-trafficking and other charges after authorities said the warlords violated terms of a peace deal with the government.The extradition came as U.S. ally President Alvaro Uribe faces pressure over a growing scandal tying some of his lawmaker allies to the outlawed militias and U.S. Democrats resist a Colombia trade deal because of human rights concerns.Violence has ebbed under Uribe, who has used billions in U.S. aid to weaken guerrillas engaged in Latin America's oldest insurgency. But rebels and renegade paramilitaries are still fighting in remote areas, financed by the huge cocaine trade.The 14 were escorted in handcuffs and body armor aboard a plane after early morning raids on their jail cells. Among them were some of the most feared militia bosses accused of killing thousands in the bloodier days of a four-decade conflict."This is a warning," Uribe said in a national television address flanked by top military and law enforcement officials after the extradition. "This is notice that the law must be respected and terrorism defeated."Hours later local television showed U.S. Drug Enforcement Administration agents escorting cuffed men off the twin-engine aircraft at Opa-locka Airport in Miami. The militia bosses face a list of drug and money laundering charges in Florida, New York and Texas courts.Originally organized by wealthy landowners to defend against the rebels, the far-right paramilitaries soon controlled large parts of Colombia. They massacred civilians, drove peasants from their land and smuggled cocaine in the name of counter-insurgency.Militia leaders began surrendering under a 2003 deal with Uribe that gave them short jail terms in exchange for confessing to crimes and compensating victims. Uribe also suspended their U.S. extradition orders as part of the deal. 
(c) 2008 Reuters |
| Other news from HotNews category: |
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| Software News |
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| Attack Code Released for New DNS Attack
(PC World)
PC World - Attack code has been released for a major flaw in the Internet's DNS software. |
| Facebook to help some programmers, punish others
(AP)
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| Facebook expands winning open platform formula
(AFP)
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| Microsoft's Online Woes Hint at Larger Vulnerability
(PC World)
PC World - Microsoft has built its massive software business by watching other companies take the lead in emerging technology markets and... |
| Microsoft exec who led Yahoo bid leaving company
(Reuters)
Reuters - Microsoft Corp said on Wednesday that Kevin Johnson, who as president of Microsoft's largest business division spearheaded the company's pursuit of Yahoo Inc , is leaving the software maker. |
| Sprint's Palm Centro Gets Software Update
(TechWeb)
TechWeb - InformationWeek - The update improves IMAP compatibility with Gmail, and provides an updated setup wizard for the Web-based e-mail. |
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