| Business News |
Insurer AIG has $7.8 bln Q1 loss, to raise capital
(Reuters)
Reuters - American International Group Inc
, the world's largest insurer, posted its largest ever
quarterly loss on Thursday after writing down assets linked to
subprime mortgages, and said it would raise $12.5 billion to
strengthen its balance sheet.
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Oil surges to record high as funds march in
(Reuters)
Reuters - Oil rose to a fresh record near $125 a
barrel on Friday, as a strong performance over the last week
and a surge in heating oil futures convinced investment funds
to push prices higher.
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Citigroup mulls up to $400 bln asset sales: source
(Reuters)
Reuters - Citigroup Inc will present plans to
sell as much as $400 billion of extraneous assets when it meets
with investors and analysts on Friday, a person familiar with
the situation said.
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Nissan to outsource sales network setup in India
(Reuters)
Reuters - Japan's Nissan Motor Co said on Friday it
had appointed Hover Automotive India Private to develop its
sales network in India, with the aim of establishing 55 dealers
by 2012 to sell more than 100,000 vehicles that year.
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Societe Generale names Didier Valet as new CFO
(Reuters)
Reuters - Societe Generale on Friday said
it had named Didier Valet, head of strategic performance
management at its finance division as its news chief financial
officer.
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More shoppers seeking shelter from economy in discounters
(AP)
AP - Caught in the maelstrom of higher gas and food prices, Americans — even more affluent ones — are seeking shelter in wholesale clubs and discount apparel chains.
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| Monks in Lhasa interrupt briefing and say China lying - 27, Mar 2008 |
By John RuwitchBEIJING (Reuters) - A group of Tibetan monks disrupted an official news briefing at a key temple in Lhasa on Thursday, accusing Chinese authorities of lying after more than two weeks of unrest in the Himalayan region, witnesses said.The Chinese government brought a select group of foreign and Chinese reporters to Lhasa on Wednesday for a stage managed three-day tour of the city that was rocked by anti-Chinese violence on March 14 to show that stability had been restored.The group of monks at the Jokhang Temple, the most sacred temple in Tibet and a top tourist stop in central Lhasa, barged into a briefing by the head of the temple's administrative office."About 30 young monks burst into the official briefing, shouting: 'Don't believe them. They are tricking you. They are telling lies'," USA Today reporter Callum MacLeod said by telephone from Lhasa.Another reporter said some of the monks asserted that they had been unable to leave the Jokhang Temple since March 10.A third journalist on the trip, Wang Che-nan, a cameraman for Taiwan's ETTV said the incident lasted about 15 minutes, after which unarmed police took the Tibetans to another area of the temple, away from the journalists.It was unclear what happened to them next, the reporter said. Police and government minders did not confiscate notes or film from reporters but told them to move on. "They said: 'Your time is up, time to go to the next place'," Wang said.Reuters was not invited on the government-run trip.
(c) 2008 Reuters
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| Other news from HotNews category: |
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WASHINGTON (Reuters) - Between 5 and 10 percent of inmates freed from the U.S. military prison at Guantanamo Bay have returned to terrorism since their release, U.S. Defense Secretary Robert Gates said on Thursday.
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NEW YORK (Reuters) - A U.S. judge ordered the Central Intelligence Agency on Thursday to submit to the court a 2002 memo said to specify harsh interrogation methods used on suspected terrorists held abroad.
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BAGHDAD (Reuters) - Iraqi security forces have detained a man suspected of being the leader of al Qaeda in Iraq after a captured associate led them to him sleeping in a house in the northern city of Mosul, Iraqi officials said on Friday.
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WASHINGTON (Reuters) - He backs an unpopular war in Iraq, represents an unpopular political party and is endorsed by an unpopular president in the midst of an economic downturn.
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YANGON (Reuters) - Myanmar will accept foreign aid but distribute relief itself, an official newspaper said on Friday, after a disaster rescue team from Qatar that arrived in Yangon on an aid flight was turned back.
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BEIRUT (Reuters) - Hezbollah gunmen took control of large areas of Beirut on Friday in a third day of fighting between the pro-Iranian group and fighters loyal to the U.S.-backed governing coalition.
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CRAWFORD, Texas (Reuters) - President George W. Bush has been trying to cajole North Korea to give up its nuclear weapons and tamp down violence in Iraq and Afghanistan, but lately all that seems to be on his mind are wedding bells.
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WASHINGTON (Reuters) - The heated presidential campaign battle over a federal gas tax holiday turned out to be a much needed gift for Barack Obama -- and he can thank Democratic rival Hillary Clinton.
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JERUSALEM (Reuters) - Israeli Prime Minister Ehud Olmert admitted on Thursday that he took cash from an American businessman but refused to resign over a police investigation into hundreds of thousands of dollars of alleged bribes.
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BAGHDAD (Reuters) - Iraqi and U.S. forces have detained a man suspected of being the leader of al Qaeda in Iraq, Iraqi security officials said on Friday.
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| Software News |
Windows Vista More Vulnerable To Malware Than Windows 2000
(TechWeb)
TechWeb - InformationWeek - Vista let 639 threats per thousand computers through, compared with 586 for Windows 2000, 478 for Windows 2003, and 1,021 for Windows XP, security vendor PC Tools said.
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Four Microsoft Security Patches Due Next Week
(PC World)
PC World - Microsoft plans to fix critical bugs in its Word, Publisher and Jet database software next week.
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Intel, Sun: So Happy Together, When It Comes To Software
(TechWeb)
TechWeb - InformationWeek - The joint development efforts have been broader and deeper than anticipated, company executives reveal.
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Grand Theft Auto IV Speeds Past Six Million Mark
(NewsFactor)
NewsFactor - Since its release on April 29, global sales of the Grand Theft Auto 'GTA IV' video game from Take-Two Interactive Software (Nasdaq: TTWO) have surpassed six million units, with an estimated retail value of more than $500 million in the first week. Over the first day alone, GTA IV sales were approximately 3.6 million units with a retail value of $310 million worldwide.
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With Microsoft mum, analysts mull next moves for Live Search
(AP)
AP - Without the influx of Web traffic that Microsoft bet would quickly follow a Yahoo buyout, the software maker is facing a long slog if it wants to turn its money-losing online services business into a Google-killer.
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Free software takes on Microsoft Office
(Reuters)
Reuters - Pierre Avignon is no pirate, but he does
not believe in paying for software. His computer is filled with
programs like Symphony -- a free suite that he downloaded from
an International Business Machines Corp website
(http://symphony.lotus.com).
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