| Business News |
House passes housing bill; Bush lifts veto threat
(Reuters)
Reuters - The House of Representatives passed
a massive housing rescue bill on Wednesday while the White
House dropped a threat to veto it, paving the way for measures
aimed at shoring up the worst U.S. housing market since the
Great Depression.
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Amazon profit, sales above view and shares rise
(Reuters)
Reuters - Amazon.com Inc said on
Wednesday quarterly profit doubled and sales grew 41 percent,
indicating to Wall Street that many cost-conscious shoppers are
heading online to save money in a tough economy.
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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.
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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.
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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.
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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.
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| Wyclef launches new initiative to help Haiti - 21, May 2008 |
By Joseph Guyler Delva
NEW YORK (Reuters) - Haitian-born hip-hop star Wyclef Jean launched a new initiative to help his impoverished homeland on Tuesday following last month's deadly food riots.
The initiative is aimed at raising $48 million over the next six months to fund expanded food distribution, job creation and assistance for farmers in the poorest country in the Americas.
Dubbed "Together For Haiti" it is backed by the World Food Program, the Pan American Development Foundation and Yele Haiti, Jean's charitable foundation for Haiti.
"We have come together to launch this new initiative because I believe we can do more and better for Haiti when we act together," Jean told a Manhattan news conference.
"We are not only interested in feeding people in response to the current crisis, but we want to offer them an alternative that can help them in a sustainable way," he said.
"Together For Haiti" plans to employ 1,800 people a day in poor areas, distribute food to 1.5 million people and provide fertilizers to 55,000 farmers. Grants will also be given to 9,000 families to support the development of micro-enterprises.
"We want to give them the opportunity to set up a small business which they can live on instead of assisting them every time there is a crisis," Jean told Reuters.
He was accompanied at the news conference by aid officials and by fellow musician and social activist Paul Simon, who promised support.
(c) 2008 Reuters
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| Other news from Entertainment category: |
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LOS ANGELES (Reuters) - Lawyers for Brad Pitt on Thursday threatened legal action against anyone publishing recent photographs they say were taken by paparazzi of the actor and his newly enlarged family at their French estate.
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LOS ANGELES (Reuters) - Television star Kelsey Grammer, best known from "Cheers" and his sitcom "Frasier," nearly died after suffering a heart attack last month, he told U.S. showbiz news program "Entertainment Tonight."
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NEW YORK (Billboard) - One rapper replaced another atop the U.S. pop album chart Wednesday, while the soundtrack to the new movie "Mamma Mia!" soared four places to No. 3.
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SAN DIEGO (Reuters) - Like wannabe Dark Knights answering the call of the "bat signal," throngs of grown men wearing tights and capes converge this week to revel in all manner of superhero lore and merchandising at the 39th annual Comic-Con Convention.
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LOS ANGELES (Reuters) - The script never got in the way of a good fight as comic actors Will Ferrell and John C. Reilly improvised their way through family warfare in the movie "Step Brothers," which opens on Friday.
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SAN DIEGO (Reuters) - Like wannabe Dark Knights answering the call of the "bat signal," throngs of grown men wearing tights and capes converge this week to revel in all manner of superhero lore and merchandising at the 39th annual Comic Con Convention.
More
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LONDON (Reuters) - A film inspired by the 2005 London suicide bombings that killed 52 people explores the mistrust they stoked between communities and how Islamist radicals threatened to drown out the voice of moderate Muslims.
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LONDON (Reuters) - Actor Christian Bale, star of the new Batman movie "The Dark Knight," on Tuesday denied allegations of assault made by his mother and sister after he was questioned by London police.
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LOS ANGELES (Hollywood Reporter) - Ever since Fox canceled Joss Whedon's 2002 series "Firefly," fans have groused that the network sabotaged the show's chances by airing its episodes out of sequence.
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LOS ANGELES (Reuters) - Hundreds of stars on Hollywood's "Walk of Fame" are to undergo a much-needed $4.2 million makeover to repair cracks and holes ahead of the 50th anniversary of the beloved tourist attraction.
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