Madonna-Guy Ritchie, £60m divorce payment inaccurate

Madonna revealed that £60m divorce payment were misleading and inaccurate.

$2.2bn blow at Morgan Stanley bank

US banking giant Morgan Stanley bank suffered loss of $2.2bn in the forth quarter and cuts its bonus poll by 50%

An Improvement on last years losses of $3.49bn same period

UK: unemployment figures 1.07M in Nov.

The unemployment jumped by 75,700 to 1.07M in nov'08 the, the largest jump in 19 yrs.

OPEC to cut production by 2.2M barrels

OPEC aggred to cut Crude production to a extent of 2.2M barrel per day in order to control the oil prices, but still the could stop the price falling!!

First-time buyers get £100m boost

First time buyers with a combined income of less than £60,000 will receive government boost in the form of 5 year interest free deposit loans so they can get a mortgage for a new build property.

This move could help arround 10,000 first-time buyers.

Inchcape to cut costs and jobs by 1,900

Decline in global car sales and due to finanacial issues, Inchcape is reducing cost by cutting 1,900 jobs.

Premier foods looking for £700M

Premier foods owners are looking for £700M to tackle the credit crunch(debt pile). It owns brands like Hovis Bread and Mr Kipling..

Mr Bush threatened by shoes size 10

A TV journalist threw shoe size 10 in a press conference in Baghdad on Mr. Bush final visit to Iraq.

2,500 jobs risks at Zavvi

Due to collapse of high street retailer Woolworths, distributor for Zavvi, left it with empty selves. Zavvi as called E&Y to become a forced administrator if Zavvi cannot fined £106m it owes EUK in debt - risking 2,500 jobs

India's factory output falls for first time in 13 yrs

For the first time in more than 13 years, India's factory output fallen.

Bank of America to eliminate 35,000 jobs

The acquisition of brokerage firm Merrill Lynch & Co. by Bank of America said late Thursday will leed to 35,000 jobs cuts over the next three years.

US, jobless claims jump to 573,000, a 26-year high

US, jobless claims jump to 573,000, a 26year high, climbed to 4.4M

Egg fined £721,000 for misselling credit card insurance

The FSA has fined Internet bank Egg £721,000 for failings in the way it sold payment protection insurance to its credit card customers and told the firm to pay compensation.

Airlines to lose £1.6bn in 2009

IATA forecasts that Global airlines will be losing £1.6bn in the year 2009 as the global economic downtrun leads to dall in demand for air travell and fewer business/first class occupancies..

5 million for printing wedding pictures

Madonna is suing the Mail on Sunday for £5M because they printed pictures of her wedding to Guy Ritchie. Its 8yrs of the their wedding happened but the newspaper published the photos in October 08.

Sony to cut 8,000 jobs

Sony, the Japanese company plans to cut 5% of its workforce

Around 10% of the company’s 57 manufacturing sites will be closed entirely in the restructuring. And will reduced by 30% on new investment in electronics

Irish Pig Producers Face £85.3 Bill For Pork Recall

Irish pork producers are facing a £85.3 Bill bill to recall all pork products made from pigs slaughtered in Ireland after tests confirmed some meat contained dioxins.

It was revealed that the Pig feed caontained the toxins...

BA to axe 100 plus Gatwick jobs

British Airways is to axe more than 100 jobs at Gatwick and would be reducing 15% of flights by next summer.

Wagon puts 500 British jobs at risk

Car parts maker, Wagon Automotive is set to appoint administrators which would place more than 500 uk jobs at risk as a result of failing to agree a rescue deal with its lenders.

533,000 Jobless in November - US

U.S. payrolls plunged by an astonishing 533,000 in November. This the worst job loss in 34 years. The unemployment rate rose from 6.5% in October to 6.7% which highest jobless rate in 15yrs

3,400 jobs to go in HM and customs offices

Nearly 3,400 job will go due to closure of 90 HM Revenue and Customs office in UK.

Viacom to lay off 850 staff

Viacom connects with our diverse audiences everywhere they are. As a leading global entertainment content company, we know what our viewers want and proudly deliver it across the globe through television, motion pictures and a wide range of digital media. Our family of prominent and respected brands includes the multiplatform properties of MTV Networks, BET Networks, Paramount Pictures and Paramount Home Entertainment.....

Viacom announced cutting 850 jobs i.e., is 7% of work force

Bank of England Cuts Key Rate to 2%

Today, to cushion the blow of an increasingly severe domestic recession, Bank of England reduced the key rate by 1% to 2 percent from 3 percent

Also, The European Central Bank, cut its rate by 75 basis points to 2.50% from 3.25% to help restart economic growth and to ease the financing problems of banks.

Capital One to Acquire Chevy Chase Bank for $520M

Capital One Financial Corporation and Chevy Chase Bank confirmred agreement under which Capital One will acquire Chevy Chase in a cash and stock transaction valued at approximately $520M.

With the addition of Chevy Chase's $11bn in deposits, Capital One is one of the largest retail depository institution headquartered in the Washington, D.C. region will also have the largest branch and ATM network in the area. ..marketwatch

DuPont plans 6,500 worker reduction

DuPont is a science-based products and services company.

Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.

DuPont plans 6,500 worker reduction: 2,550 permanent and 4,000 contract workers.

DNA records of 2.3M criminals went missing-UK

Nearly 42% of the DNA records of criminals (2.3M) are missing from the database because they were convicted before 2001 or not have been arrested since.

1,000,000,000 (£1bn) aid to mortgage holder

Gordon Brown proposed a £1bn repossession rescue package for the middle income house owners caught up in the repossion.

People who lost their job, having forced for a lower salary and having mortgage of less than £400,000 will be eligible to take a 2 year payment wave off guaranteed by the government.

Amazon £3 album deal in MP3 war

Amazon is launching its own version of iTunes with the album costing just £3. Songs will be for 59p which is 20p less than on Apple iTunes.

It is backed by SonyBMG, Universal Music, EMI Music and Warner Music.

Belden is to cut 1,800 jobs i.e., 20% of its workforce

Belden is the brand customers count on the most for the best product performance and expert care and advice--whenever and wherever they need to transmit a signal. Belden offers thousands of wire and cable products such as multi-conductor, paired, coaxial, flat and optical fiber cables, plus portable cordage, molded cable assemblies, hook-up and lead wire.....

Belden is to cut 1,800 jobs i.e., 20% of its workforce

Nomura declares cutting 1,000 jobs in London

Nomura, Headquartered in London, and with offices in all major financial centers across Europe, we work closely with our Asian and American networks, as well as with Tokyo, to provide clients with solutions to their financing needs.

Nomura declares cutting 1,000 jobs in London

Glaxo cuts further 200 UK manufacturing jobs

World's second biggest drugmaker GlaxoSmithKline, is cutting a further 200 jobs at a factory in north-east England that makes its anti-nausea drug Zofran.

450 jobs threatened at SW aluminium firm

Novelis, a global manufacturer of aluminium products plans to cut its work force by 450 B at South Wales firm.

American Capital cuts 110 employees

One of the largest US publicly traded alternative asset managers American Capital, cuts 110 employees joining with the other companies to tackle the wind for credit crunch.

The company will close 2 of its 13 offices in the America, Europe and Asia.

Should India play cricket in Pakistan?

Should India play cricket in Pakistan 2009?

Aren’t the Bombay attacks not enough to say no for any kind of relation with neighboring Country P...please post opinions..

There shouldn’t be anymore cricket between the countries.

Aer Lingus rejects new €738m offer from Ryanair

Budget airline Ryanair made a €738m (£645m) cash offer for Irish rival Aer Lingus yesterday.
Earlier 18 months ago made €1.5bn bid which was rejected by the European Commission on competition grounds.

Ason Martin announced laying off 300 workers

Aston Martin announced laying off 300 workers. Turn to tackle the downturn in the manufacturing industry...

An Aston Martin combines three important elements: power, beauty and soul. Aston Martins are truly special - they always have been and always will be.more..

Credit Suisse sheds 650 jobs

Credit Suisse Group is one of the world-leading financial services companies which involve advising clients in all aspects of finance, around the world, around the clock.

Credit Suisse announced on Monday of its plans of shedding 650 jobs in the company.

HSBC cuts further 500 jobs

HSBC cuts further 500 jobs excusing due to current economic conditions.

Nakheel cuts 500 jobs

People losing there jobs in Britain (world) move to Middle East for the job prospects. But the wave of credit crunt has hit that corner of the world as well...

Dubai government based Nakheel developer have announced to shed 500 jobs and many more will go as well as the real estate business in Dubai is baldy affected. It’s very difficult to get investors at this moment for their villas.

100,000 manufacturing UK jobs on the Edge

Nearlly 100,000 manufacturing jobs are on the risk due to global turmoil. Analyst believes further 1% reduction in interest rates to cussion the downturn in the industry.

Virgin offers 30p per day mobile internet tariff

Mobile Operator Virgin Mobile is introducing an all-you-can-eat internet access tariff at 30p per day.

The new rates take effect from 8 December, and both contract and pre-pay customers can make the use of the benifit wich would be 3x cheaper than its rival service providers..

Country P wants 2009 cricket tour not to be affected

Country P wants 2009 cricket tour not to be affected...India is to play 5 ODI's and 2 test in Country P in 2009...

There is no way India should go ahead with the Cricket in Country P. India should minimize....should stop relation with that country that is responsible and involved in spreading terrorisms in the countries(world), giving sheltor to terorists, training camps and what not....

Still Country P denies the facts ...comeon guys we know Country P won't keep its words...(Country Problem)

Final figures: 174 died and 294 injured in 26/11 attacts in Mumbai

174 died and 294 injured in mumbai 26/11 attacks.

--Home minister of India - Shivraj Patil resigned.......is that gonna bring back lives?

--Vilasrao Deshmukh says he will resign if the high command's wants.....what the fughe(_ _ _ _ k)!!!! easy way to escape from responsibility and avoiding getting blame!!!!

--Took 8 and 1/2 hours for the forces to reach from Delhi to Mumbai.......any early possibility? might have saved more lives....or still its the same as earlier "INDIAN STANDARD TIME"?

--Paskistan again turning back...Earlier aggreed to send their ISA cheif to India for discussion as India had proofs that the attackers were from a group in Pakistan, now they are not sending him and some juniour is sent to India for discussion.. again its country P that does't stick to its words....

--India is thinking to stop exchange its trades/commodities with P.....well do it now!!!!!!! not to waste time thinking

--Pakistani national - Azam Amir Kasab 21, claimed the terror strikes, which left nearly 200 dead, were intended to kill as many as 5,000 people and that he and his fellow militants were ordered to target whites – especially Britons and Americans......accepting the blames still Country P denies for the allegation made by Indian Government...

ArcelorMittal Slashes 9,000 jobs

World largest steel maker ArcelorMittal announced for cutting 9,000 jobs in an attempt of saving over $1bn .

Jaguar Land Rover sheds 850 agency workers

Indain owned car manufacturer Jaguar Land Rover announced 850 jobs cuts for agency workers....Earlier this week the company owners asked the UK government for £1bn bailout package...

£300m cancer fight launched

A £300M campaign to try and beat the worst cancers was announced by Cancer Research UK.

Nearlly to 20 centres of excellence will be set up across the UK

average price in Westminster(UK)have dropped by £108,466

average price in Westminster(UK)have dropped by £108,466... what about your house price?

average price in Wandworth(UK)have dropped by £36,506

average price in Wandworth(UK)have dropped by £36,506... what about your house price?

average price in Waltham Forest(UK)have dropped by £16,181

average price in Waltham Forest(UK)have dropped by £16,181... what about your house price?

average price in Tower hamlets(UK)have dropped by £24,754

average price in Tower hamlets(UK)have dropped by £24,754... what about your house price?

average price in Sutton(UK)have dropped by £16,275

average price in Sutton(UK)have dropped by £16,275... what about your house price?

average price in Southwark(UK)have dropped by £21,806

average price in Southwark(UK)have dropped by £21,806... what about your house price?

average price in Richmond(UK)have dropped by £44,313

average price in Richmond(UK)have dropped by £44,313... what about your house price?

average price in Redbridge(UK)have dropped by £16,045

average price in Redbridge(UK)have dropped by £16,045... what about your house price?

average price in Newham(UK)have dropped by £11,213

average price in Newham(UK)have dropped by £11,213... what about your house price?

average price in Merton(UK)have dropped by £15,499

average price in Merton(UK)have dropped by £15,499... what about your house price?

average price in Lewisham(UK)have dropped by £17,607

average price in Lewisham(UK)have dropped by £17,607... what about your house price?

average price in Lambeth(UK)have dropped by £40,842...

average price in Lambeth(UK)have dropped by £40,842... what about your house price?

average price in Kingston(UK)have dropped by £28,065

average price in Kingston(UK)have dropped by £28,065... what about your house price?

average price in Kens and Chelsea(UK)have dropped by £100,797...

average price in Kens and Chelsea(UK)have dropped by £100,797... what about your house price?

average price in Islington(UK)have dropped by £19,240

average price in Islington(UK)have dropped by £19,240... what about your house price?

average price in Hounslow(UK)have dropped by £20,784...

average price in Hounslow(UK)have dropped by £20,784... what about your house price?

average price in Hillingdon(UK)have dropped by £14,003

average price in Hillingdon(UK)have dropped by £14,003... what about your house price?

average price in Havering(UK)have dropped by £11,629

average price in Havering(UK)have dropped by £11,629... what about your house price?

average price in Harrow(UK)have dropped by £16,526

average price in Harrow(UK)have dropped by £16,526... what about your house price?

average price in Haringey(UK)have dropped by £15,330

average price in Haringey(UK)have dropped by £15,330... what about your house price?

average price in Hamersmith and Fulham(UK)have dropped by £38,683

average price in Hamersmith and Fulham(UK)have dropped by £38,683... what about your house price?

average price in Hackney(UK)have dropped by £16,975...

average price in Hackney(UK)have dropped by £16,975... what about your house price?

average price in Greenwich(UK)have dropped by £36,736...

average price in Greenwich(UK)have dropped by £36,736... what about your house price?

average price in Enfield(UK)have dropped by £23,286...

average price in Enfield(UK)have dropped by £23,286... what about your house price?

average price in Ealing(UK)have dropped by £37,736

average price in Ealing(UK)have dropped by £37,736... what about your house price?

average price in Croydon(UK)have dropped by £14,540

average price in Croydon(UK)have dropped by £14,540... what about your house price?

average price in Bromley(UK)have dropped by £27,176

average price in Bromley(UK)have dropped by £27,176.... what about your house price?

average price in Brent(UK)have droped by £18,440

average price in Brent(UK)have droped by £18,440

average price in Bexley(UK)have droped by £13,658

average price in Bexley(UK)have droped by £13,658

average price in Barnet(UK)have droped by£31,467

average price in Barnet(UK)have droped by £31,467

average price in Barking & D'ham(UK)have droped by £11,464

average price in Barking & D'ham(UK)have droped by £11,464

30,000 jobs at risk as Woolworths goes into administration

Today Woolworths Group Plc said it had put its retail and distribution businesses into administration after discussions relating to the potential sale of its 815 stores ended on previous day risking 30,000 jobs.

On other hand Woolworths' committe have been in talks about selling the retail business to Hilco
for £1 this week to with Hilco expected to take on about £300M of the group's £385M debt.

1,100 jobs at risk as MFI goes into administration

MFI one of Britain’s biggest furniture retailer went into administration last night for the 2nd time in 2 months putting more than 1,100 jobs at risk working at 111 MFI stores.

Kerry Fletcher wins £187,000 harassment payout

A Royal Artillery soldier claimed that she was sexually harrassed by a colleague male sergeant has been awarded £187,000 in compensation.

2- ODI matches postponed after attacks

The remaining 2 ODI betwwen India and England have been postponed following the terrorist attacks in Mumbai killing 105 people and injuring more than 300...

Mumbai terror attacks kill 101... markets closed

At least 101 people have been killed and 287 people wounded in one of the worst terror attacks in recent years in India's financial capital.

Local media reports said 11 police officers which includes the head of the Anti-Terrorism Squad were among those killed in the parellel attacks.

India‘s stock index futures and rupee forwards fell while credit-default swaps rose after militants killed 101 people in Mumbai, taking hostages in the first terrorist attack against foreigners. (http://www.bloomberg.com/apps/news?pid=20601080&sid=azwKfORo9Ues&refer=asia)

Security forces in India fear up up to 200 guests and workers are trapped in one of the Mumbai hotels caught up in last night's massacre, when more than 100 people died and nearly 300 were wounded in at least seven separate attacks.
The deputy chief minister of India's Maharashtra state, R.R. Patil, said 10 to 12 militants were also in the Trident-Oberoi Hotel. He added: "There are no negotiations with the terrorists." (http://www.independent.co.uk/news/world/asia/fears-grow-for-the-hostages-1037222.html)

India won by 6 wickets in the 5 ODI against England

Eng 270/4(50) Ind 273/4(43.4) (Ind won by 6 wkts)

Britney Spears at O2 Arena on June 3 and 4

Britney Spears announced her tour dates, playing at London's O2 Arena on 3rd and 4th june'09.

UK's GDP growth of -1.1% in 2009 - worst in G7

UK's GDP growth is be equivalent to -1.1% in 2009 which is the 3rd worst of 30 OECD members in the state and worst in G7. Further Iceland will see -9.9 GDP growths next year.

Investors launced lawsuit against CITIGROUP for loosing $76.8M

Investors in the CITIGROUP are launching a lawsuit against the bank accusing of artificially boosting the share prices. The Investors are claiming to have lost nearly $76.8M.

Facebook has won a $873 million judgment

Facebook has won a $873 million judgment against a Canadian man who sent nearlly 4M sex spam messages to users of the social network.

1,000,000 Googlephones expected in the market by end of 2008

G1 manfacturer HTC has revealed that by end of '08, there nearly 1M Google phones will in the market. The revised figures of Touch Diamond in market is 3M and not 2M as declared earlier.

Federal Reserve adds $800bn to borrowing aid

The US Federal Reserve yesterday revealed its efforts to aid the financial system, pledging $800bn to for loans to homebuyers,students and small businesses(making credit available to needed......).

Twitter rejects $500m Facebook offer

Climate conditons econimic downtrun has resulted in failing Facebook's bid to acquire Twitter in exchange for £330m worth of stock.

Facebook was offering 3.33% of its stock valuing Twitter at £330m. Microsoft paid £160m earlier for a 1.6% stake in the social networking site. At that price facebook was valued at £10bn.

JD sports buys 10% stake in JJB Sports

JD Sports today confirmed it has bought a 10% stake in JJB Sports. Previous to that, Sports Direct took a 5% stake in JJB Sports.

A £800 gadget makes water straight out of thin air

A £800 gadget makes water straight out of thin air can produce up to 12 litres a day. This invention could save million of lifes....every little helps..

Real estate prices in India requires to drop by 30%

Goldman Sachs said, accourding to current climated condition, India real estate team believes that prices need to fall by up to 30% in some geographies of the country to increase affordability of the local citizens"

Pakistan Obtains $7.6 Billion Bailout Loan From IMF

Finally, Pakistan obtained a $7.6 bn bailout from the International Monetary Fund to help prevent the country defaulting on its debt.

IMF has provide 23-month stand by loan will enable the government to implement a bailout programs for the country.

Skanska to cut 5.7% of workforce

Skanska one of the world’s leading construction groups with expertise in construction, development of commercial and residential projects said it would cut 3,400 jobs i.e., about 5.7% of its 60,000 jobs.

Darling defends £1 trillion gamble

Alistait Darling yeaterday annonced a £20bn package of tax cuts. VATcut to 15% form 17.5% and the the NI for the employee earning more thatn £20,000 will rise by 2011 if the Labour wins the election. Further 45% tax deduction for people earning £150,000 per yr. He also revealed that the borrowing will go over £512bn over next 5 years which would double the natioanl debt by £1 trillion by 2013

BHP grownds $66 Billion Stock Offer for Rio Tinto

BHP the world’s largest mining company, withdrew its £44bn offer for Rio Tinto Group, resonsed due to global recessions.

Darling to unveil 45p tax on high earners

Alistair Darling will announced today that income tax for high earners, earning more than £150,000 a year will rise to 45%( 45p in a £1) during the next government sessions to help pay for Labour's £15bn bailout emergency packages.

10,000 Tasers for Police to tackle crime

Government is to announce taday for 10,000 Taser stun guns that might be available to police officers across England and Wales.

Palm announced cut jobs

Palm has started making announcement for job cuts but has yet to declare exact figures of how many of its 1050 workers are going to face redundancy.

Standard Chartered plan to raise capital worth £1.8bn

Standard Chartered is looking forward to raise £1.78 billion through a rights issue to boost the capital and balance the balance sheet due to global turnover.

VAT fall temporarily from 17.5% to 15%

Alistair Darling is to announce that VAT will fall from 17.5% to 15% in an attempt to boost the business until further notice. This decision which will cost £12bn. Hoping to have nice Christmas and to avoid further job losses from the retail market as currently 1000's of jobs in Woolworths are in trouble if it doesn’t find a prospective buyer..

It will be the first time that any government has cut VAT.

Jaguar Land Rover (JLR) in secret talks for a £1-billion loan

Jaguar Land Rover (JLR) owned by India car manufacturing industry Tata is in talks with UK government for a jussssssssssstt.....£1bn loan. Earlier Tata's bought the JLR for £1.9bn from Fords. The market for JLR cars has fallen 25% around the world and the credit crunch has futher affected the sales..

US govt to inject $300 bn into Citigroup

The US government is guarantee $300bn for Citi. It will inject an additional USD 20 billion in Citigroup. Last week Citi announced 50,000 jobs cuts and further in order to keep floating need $300bn.

Honda to close UK factory for 2 months

Japanese car maker, Honda, the is to close its UK factory during February and March as it slows production amid plunging sales.

Output at the company's Swindon site will be down by 21,000 vehicles as part of proposals to cut global production by 79,000.

Arround 4,800 staff employed at the UK factory.

Repossessions rise 12% in 3 months in UK

A total of 11,300 homes homes were repossessed in the 3m to the end of September, up 12 % compare to previous figures.. Thenumber is expected to get worse as unemployment rises.

500% growth for broadband subscribers within 5 years

By 2013, the number of broadband subscribers will rise to 24.3m from currently 4.1m subscribers in India. By achieving this, India is estimated to move from its current position at number 18th in the world for broadband market and jump to attain the number 6 rank.

This would the fastest growing broadband subscribers in the world.

Dell has cut 13 percent of its workforce

Dell has cut 13% of its workforce.....,to save the cash just as sales missed the target by more than $1bn.

Mayor announced 50,000 new homes in 3 yrs

Boris Johnson pledged to spend £5 billion of regional house funding to create 50,000 affordable homes in 3yrs.

$35M private party of the century in Dubai

$35M private party of the century in Dubai's to open Atlantis Palm Jumeirah.

The world’s rich and famous gathered for the most expensive private party ever thrown - costing some $35M

$1.5bn Atlantis Palm Jumeirah is man-made island shaped like a palm tree in the Persian Gulf.

2000 stars, popstars, supermodels and billionaires were flown in from around the world for the all-expenses paid one-night party.

£1.4bn debt in Oct, worst in 14 yrs

Lastest figures revealed that net borrowing of £1.4bn was made in Oct which is worst in 14 yrs. The chancellor predicted that the net borrowing would reach £43bn till end of March 09.

Isuzu, Mazda to cut 2,700 seasonal workers in Japan

Isuzu Motors Ltd. and Mazda Motor Corp. announced jobs layoffs announcing to a combined 2,700 seasonal workers as the automakers curtailed production amid weaker demand, according to a media report.

Virgin Media Brings In 16mbps ADSL2+ Broadband

Virgin Media Brings In 16mbps ADSL2+ Broadband, enabling its new and existing Virgin Media ADSL customers will be able to test a new 16mbps ADSL2+ broadband upgrade for free until the 6th of January 2009 for 3 months. After the trial period the customers will be charged an extra £5 per month.

542,000 Americans lost their jobs last week

Around 542,000 Americans lost their jobs last week, climbing to the fastest rise in US unemployment for 16 years. Jobless claims jumped by 27,000 to 542,000, way far higher than Wall Street forecasts of 505,000.

Oil falls below $50 on economy

Crude oil fell today slumping below $50 a barrel for the first time in more than 3 years.... the signs of economic worries and global recession.

Saudi Prince boosting Citi stake to 5%

Saudi Arabian investor Prince Alwaleed bin Talal bin Abdulaziz Al Saud revealed his plans to increase his holdings in Citigroup Inc. back to 5%,...every little helps..

France's Peugeot Citroen to slash 3,550 jobs

Iceland Gets $4.6 Billion Bailout From IMF

Iceland got a $4.6bn bailout from the International Monetary Fund and other 4 Nordic countries to help resurrect the island's economy after the failure of its biggest banks and the collapse of its economy.

Somali pirates demand $25m ransom

Somali pirates who hijacked the Sirius Star, a Saudi-owned supertanker, are demanding $25m for the ship's return.

300,000 UK visa a year r wrong

Nearly 300,000 out of 2M short term visa every year are wrongly approved. This figures are due the pressure on officials to approve rather than go under lenthly procedure of rejection.(Help to hit their target of issuing visa)....Target orinted job....what abt incentive?

InBev completes £34.66bn acquistion of Anheuser-Busch

InBev completes £34.66bn acquistion of Anheuser-Busch. Anheuser-Busch InBev will start trading on the Euronext Brussels exchange on 21/11/2008

U.S. Release Brings Mr. Bond £46.9 Million

The movie’s worldwide fetched £214.6M till last week, with approximately £42.73M in Britain and about £17.33M in Germany..HOLLYWOOD

EasyJet's annual profit falls 45% on fuel

EasyJet Plc-Europe's second-largest discount airline, on Tuesday posted a 45% decline in annual profit as higher fuel costs took a toll on the bottom line..

Passenger flying with EasyJetincreased 17.3% to 43.7M

Pirates seize £66M oil tanker

Pirates have hijacked a Saudi super tanker carrying £66.6M worth of oil yesterday, the tanker belonged to Saudi Armco - the world's largest oil company.

Avis Europe to shed 315 jobs

Car rental giant Avis Europe became the latest company to announce job losses today. Axing over 300 people, spliting between the UK, Spain, Germany and Italy, with between 50 and 100 positions to go in the UK.

Boris Johnson pledges £15,000 to anti-Heathrow runway campaign

Mayor Boris Johnson, has pledged an initial £15,000 towards the cost of mounting a legal challenge if the well wishers go ahead with plans to build a third runway at Heathrow.

According to the plans, the new runway in place by 2030 and which would expand the number of flights at Heathrow from 480,000 to 700,000 a year.

Christmas Gifts" under £5 - 4.95 Samsung Handset On Sale At CarphoneWarehouse

CarphoneWarehouse launches a "Christmas Gifts" under £5. CPW high street giant announced that it will be selling the Samsung SGH-B130 handset for £4.95 until this Christmas.

60 things one must know about Prince Charles

Mirror.co.uk has publised "60 things one must know about Prince Charles" for details click on the following link(optional) Mirror.co.uk ....

200,000 people took part in Guinnesss Worlds Records

71 Skydivers jumped travelling at the speed of 100mph in californoa.....

100 people took part in strip-off and braved the winter chill at St Pancras station on London

Pizaa layed of at Camden(London) in row - 937ft (285.5m)

200 took part in bulldog gin arm wrestling challenge new tower bridge(London)

Las Vegas Sands to cut 9,000-11,000 jobs in China

Nearly 9,000 construction workers are to lose their jobs as U.S. gaming giant Las Vegas Sands cuts back on a huge development in the gambling(Macau)

Tories unveil £2.6bn in tax cuts in UK to generate 350,000 jobs

David Cameron have pledged to find jobs for 350,000 people with a proposal to offer £2.6bn in tax-breaks to companies recruiting the unemployed. According to this, the firms offering a job to someone who has been unemployed for at least 3 months will not have to pay employers' NI of up to £2,500.

Zurich Financial's profit drops by 90%

Swiss insurance group Zurich Financial Services said that its 3rd quarter net profit slumped 90% due to losses on investments and the impact of Hurricanes Gustav and Ike.

They also declared to postpond their share buyback program.

The profits droped to $154M from $1.51bn in compare previous year.

BT slashes 10,000 jobs

BT is axing 10,000 workers which equivalent 6% of its global workforce, with several 1,000's expected to go in the UK as the company looks ahead the with economic down turn

Online sales grow by 15 % in UK

Online sales in the UK will grow by 15% cent this Christmas compared with last year, according to the latest campaign report. It is expected that British consumers to spend almost £13.2bn on items online in the last quarter of 2008

Spammers make profit with only one sale in every 12.5M messages sent

A spam study was carried out by computer scientists from University of California Berkeley and University of California San Diego concluded that spammers are making profit even though they are only getting one response for every 12.5 M e-mails they send.

Asian Stocks Climb on China's $586 Billion package

China announced a $586 billion package to revive growth in the world's fourth-largest economy.

240,000 job losses in Oct - US

The U.S. unemployment rate jumped to a 14-year high of 6.5% in October as nearly a quarter
million (240,000) jobs were lost. 284,000 job losses in September bringing of total 1.18Mjob losses so far the current year 08

75,000 children are on cocaine

Nearly 5% of 15 and 16 year old have used cocaine. With 75,000 children using the class A drug awarded Britain title of "Capital of Cocaine in Eorope"..!!!!!!!!!!!!!!

Car dealers see biggest sales slide in 17 years

New car sales in the UK slumped by 23% previous month, the biggest fall for 17 years. The total yearly car sales will drop below 2m for the first time since 1995.

Mayor grounds £3.5bn London transport plans

Boris Johnson has grounded £3.5bn from London transport project which includes the Thames Gateway bridge. These are the signs of future jobs cuts due projects that have been sheved by the Mayor.

Bank of England cuts bank rate by 1.5%

Interest rates today came down by a whopping 1.5% to 3% - the lowest level since 1955. It is the biggest drop in rates since cuts made in March 1981, the time when the country was attacked by recession during years of Margaret Thatcher's government.

AT&T to buy Wi-Fi firm Wayport for $275 million

AT&T Inc. disclosed that it will acquire Wayport Inc. for $275M in cash.

This acquisition would increase its hot spots to 20,000 in the U.S. and 80,000 globally.

BAA to inject £230m in Cross Rail Project...

BAA is to contribute £230m to the £15.9bn estimated cost of the Crossrail transport project due to be built in London by 2017..

£5.6bn of public money will be funded by the government to the Project but still have to look for £10bn from the Private sector...

125,000 witness history in Chicago

More than 125,000 rushed to the gates ofGrant Park when opened to become the part of standing for the final Obama rally of the 2008 presidential campaign.

670 days, 45 debates, $2.5 billion spent on US presidential election

Its the end of sales job, it now time for voters to decide the between Democrat Barack Obama and Republican John McCain.

The capmaign lasted for 670 days, 45 debates and $2.5 billion spent on US presidential election

Circuit City Plans to Close 155 Stores

Circuit City, consumer electronics retailer US said that it was closing about 20% - 155 stores of its American stores in an effort to return to profitability.

10,000 ways UK military can be breached

Nearly 10,000 military security pass has been lost or stolen in year to 30 sep. as it was disclosed..metro.co.uk

End of season for 4,000 pubs in UK

More than 4,000 pubs in UK could be forced to close down in 2 years as a hit by recession..

£450M for Tiscali's - BSkyB

BSkyB is in talks with Tiscali for a potential £450M takeover deal..the sucessfull deal with tag BSkyB with third biggest followed by BT and Virgin Media

Barclays gets $12 bln investors from Middle East

British second largest bank Barclays are close finalise the cash injection from Middle East investors..
£3.5bn from Sheikh Mansour Bin Zayed Al Nahyan for a 16.3% stake in the bank.
£2bn from Qatar Holding for 12.7% stake
and £300m from Challenger for 2.8% stake .

Barclays market capitalisation is £16bn and its looking for £6bn cash...

190,000 charged double - Argos

Argos admitted of charging 190,000 customer double last friday reasioning due to technical issues......(or is this new way of increase the cash in the backs accounts to beat the Credit cruch?)

$2.8bn deal makes Delta world's biggest..

Delta is buying fellow US airline Northwest in a $2.8bn deal pocketing The world's biggest airline title.

5 trillion yen aid - Japan's PM

Japan's Prime Minister promised to pump 5 trillion yen (£32bn) into the economy to help households and small businesses.

$25.1 billion bailout for Hungary

Hungary has managed to secure a $25.1bn bailout package from European union and the International Monetary Fund(IMF).

£318M deal for BMI by Lufthansa

The German carrier Lufthansa has bought a stake in BMI €400 million (£318 million) from Sir Michael Bishop which would bank Lufthansa 80% stake ownership.

BP - £70m a day profits

BP revealed their 3rd quater of nearly £6,400,000,000(£6.4bn) i.e., £70,000,000 (£70M) a day, 3,000,000 (£3M) a hour and £600 every second.. There profit up by 148%.

Gordon Brown warned BP boss to stop squeezing their customers and lower its price as the crude has nearly reached $60 a barrel.

Bank bailout costs cost taxpayers $6,988bn

Governments and central banks across the world have bailed out the global financial industry with pumping $6,988bn of taxpayers.

Aegon to receive €3bn bail from Government

Dutch gevernment has pumped €3bn in Aegon which employs 4,500 people in the UK to strengthen its capital requirments.

GM-Chrysler request $10 billion rescue

On monday, General Motors Corp and Cerberus Capital Management have asked the US government for roughly £6.66bn rescue package to support a merger between biggest car manufacturing companies GM and Chrysler.

Huntington Bancshares to get $1.4 billion

Huntington Bancshares announced it will get an injection from the U.S Treasury worth $1.4bn. Its tha second Ohio back to get an aid packaged from the treasury.

MUFG to raise $10.6 billion

Mitsubishi UFJ Financial Group plans to raise up 990bn yen ($10.6bn) selling new shares to help replenish its capital.

KBC to get $4.3bn from its stock

Belgium's biggest bank and insurer KBC Group will sell stock to the government worth $4.3bn to stabilize its business due investment losses...

Capital One to sell $3.55B in stock

As a part of government investment scheme, Capital One will receive $3.55bn against selling its stock to government.

CenturyTel's $5.8 Billion acquisition of Embarq corp.

US telephone service provider CenturyTel Inc. announced its acquisition of larger carrier Embarq Corp. for about $5.8bn(stock).

IMF plans $16.5bn loan deal with Ukraine

The International Monetary Fund(IMF) announced the aid plan of £10.31bn($16.5bn) loan agreement with Ukraine. The country is currently struggling to restore economic crisis due to shaky banking system and its sliding currency.

£20M tax money investment - Electric vans

Government is planning to invest £20M tax payers money in buying 100's of Electric Vans

£125M, 450 jobs - Travelodge

The budjet hotel Travelodge will be spending £125M in opening 22 new hotels which would create 450 new jobs with effort to reach 70,000 rooms by 2020.

New rate - 3.5%

Business leaders and Economics Guru belive that by Christmas BOE may cut the intrests to 3.5% in order to boost the economy

JCB union members saves 300 jobs

In order to save 300 jobs cut, JCB’s 2,500 workers yesterday opted to accept a pay cut £50 a week and will be working four day in a weak(JCB's cutting down production due to lower demands)

House price drops by 13.3% in UK and 18,900 repossessions Jan-Jun

Britain biggest Mortgage lenger revealed latest house prices drops..Nationwide 12.5% price drops and Halifax 13.3%. price drops.

Repossessions figures nearly doubled for the Jan to June year to 18,900 repossessions. The landlords posted their rent income +3%

Tesco - £16K fine for a treat to a RAT.

One of the Tesco stores was fined for £16k after a customer found that a Birthday Cake worth £4.95 delivered was bitten by as RAT.

50% increase in demand of rented home

Slowing moving hosing market and mortgage difficulties have restrited people in buying a new shelter to them. As a result there is 50% increase in people renting a home.

Argos write off £542m from the HOMEBASE value

According to Argos one of the top retailers in UK has writen off £542M. It payed £900M in 2006 for Homebase which is now worth less that its half nearly £300M. The sales of Homebase has droped by 32% and argos by 14%. The target profit for the year ending at Feb2009 has come down to £327M from £350M which is even less to profit the previous year of £433M.

The cash left in theit bank is just £275M but divided is maintained at 4.7p.

They also declared that this year could be their worst Christmas in their 35yrs of business.

Theee 1,000mph car

British engineers have unveiled plans for the world's first 1,000mph car costinf nearly £12,000,000(.......£12M).

The caculation aslo predicts that the car could reach the top speed of 1,050mph. This speed of 1,000mph could be reached in just 20sec which faster than a bullet.

Pfizer- $60 million settlement

The world's largest drugmaker Pfizer, declared that it will pay $60M to 33 states to resolve claims on the company for improperly marketing the pain relievers Bextra and Celebrex.

Wachovia Lost $24 Billion

The bank Wachovia Corp. that came within hours of collapse last month has reported a $24bn loss today reasoned due to Customers pulling their Funds out.

Rs15,000(£18) - New laptop from Reliance India

Get free laptop from Reliance with a internet connection for Rs 1500/m(£18/m) and that to contaract for only 2 yrs. And just not this, one has option select make also..HCL, Intel, Acer, Asus and Lenovo.

New £150 Asus Eee netbook on horizon

Asus announced the new note book will be arround 10'' and will definately will be a touch screen costin $250 to $700.

$30m U.S for 11 day space holiday..

Richard Garriott is the world's latest space tourist who payed nearly 30 million U.S. dollars to fly to the international space station on a Russian Soyuz spacecraft for a 11 day visit.

According to Richard, the 30 million U.S dollars is worth for the visit..

£1 + £1 = £24,000 for GPs

£1 incentive for GPs to spend time reviewing their decision to send patient to hospital and a topup of £1 for every name on their surgeries provided they reduce their previous year’s referral rate.

So an average surgery with 12,000 patients will receive up to £24,000.

Prince's £8,000 and £20,000 bikes

Prince Harry buys £8,000 bike and Prince William superbike is worth around £20,000.

Both Prince's are currently competing the week-long 1,500km motorcycle ride in an effort to raise money for Nelson Mandela Children's Fund - UNICEF.

£3bn bid for Direct Line and Churchill Insurance..

Swiss Re and CVC combines for a £3bn bid for Direct Line and Churchill Insurance which is a part of RBS.

The Insurance Business is valued £6bn and if the deal is finalised then Swiss Re and CVC will pay £3bn of the 51% of RBS's insurance business.

JJB Sports a £3m cash boost.

JJB Sports receive £3m cash boost from Mike Ashey( Sports Direct) in return of share's worth a list 5% of the Company.

£7.6 bn cash injuction for ING

Netherlands Government has agreed cash injunction of £7.6bn to Dutch banking giant ING after the bank revealed the first ever quarterly loss of 500M euro...

30Kg - £2000 - 610 x 469 millimeters - "Earth"

The biggest atlas --Earth which 30Kg cost £2000 with dimessions 610 x 469 millimeters in brought to you by Millennium House.

Of such kind, onLY 3000 copies will be published.(but may find photocopies of the book on ebay...made in _ _ _ _ _ haha!!)

20yrs of serices..

After 20yrs of service, Spanish budget airline LTE has announced it is suspending all flights due to financial troubles...

11,953 runs finally..

Master blaster Sachin Tendulkar has finally got hold the Test record of Lara of 11,953 run. IT has been a long innings and took 19 yrs and 152 test matchs to reach here 12,027

Other records on the books are most centuries in Test matches --39 and One-dayers --42.

80% cut by 2050

The energy and climate change secretary committed that UK will cut greenhouse gas emissions by 80% by the middle of the century(2050)

99.99p for petrol prices..

Its a time where the fuel price have lowered, many supermarkets have cut the fuel price including ASDA, Tesco and many more..

This year the crude barrel has seen it extreme $141 and now its hitting low of $75...was this planed before? or some contries is trying to fill wells(as pockets are small even kid understand this..)!!

Virgin Atlantic to cut the fare price by £13 as the fuel prices have lowered....

£150M settlement

Mandonna and Guy Ritchie are to divorece, leaving a record £150M settlement

17 Yrs High unemployment

According to the latest figures reviled, the jobless crisis is worst in 17 yrs, the unemployment has risen its fastest and the number of people out of work climbed by 164,000..

--Unemployed toll highest over decade

--2M expected to be jobless by Christmas

£37,000,000,000 pounds (£37b)

British government have boosted the Royal Bank of Scotland with £20,000,000,000 and LLoyds TSB and HBOS with £17,000,000,000 pounds

2 Cambodian soldiers

2 Cambodian soldiers killed during gunfire exchange with Thai troops

PHNOM PENH, Oct. 15 (Xinhua) -- Two Cambodian soldiers were killed during Wednesday afternoon's two-hour gunfire exchange between Cambodian and Thai troops at the border area, said Cambodian Minister of Foreign Affairs and International Cooperation Hor Namhong.
Two others were wounded in the "weapon clash," which started around 2:25 p.m. local time (0725 GMT) near the Phnom Trop in the Veal Intry area, about 2,000 meters west of the ancient Preah Vihear Temple, according to the minister.
(source: http://news.xinhuanet.com/english/2008-10/15/content_10199730.htm)

F&C Asset Management to cut 99 jobs, National Express to Cut 750 UK jobs to save £15M, Ryder to cut about 700 positions

Redundancy figures..

--F&C Asset Management to cut 99 jobs (18/12/08)

--National Express to Cut 750 UK jobs to save £15M (18/12/08)

--ASML Holdings lowers sales guidance, to cut 1,000 jobs (18/12/08)

--Ryder to cut about 700 positions (18/12/08)

--Aetna to cut 1,000 positions in downsizing (18/12/08)

--Western Digital to cut about 2,500 jobs or 5% of staff (18/12/08)

--Nissan to cut Japan output by 78,000 units, reduce 500 jobs (18/12/08)

--Air Products to cut 1,300 jobs (16/12/08)

--Inchcape to cut costs and jobs by 1,900 (16/12/08)

--TFL UK to cut 2000 jobs (16/12/08)

--International Paper to cut up to 1,500 jobs in 2009 (15/12/08)

--Electrolux to cut more than 3,000 jobs (15/12/08)

-- Santander to cut 1,900 jobs (15/12/08)

--Kongsberg Auto to ax 250 jobs (15/12/08)

--Royal DSM to trim 5% of jobs (15/12/08)

--Northern Trust plans to cut 450 jobs (15/12/08)

--Fairchild to cut 12% of workforce - 1,100 jobs (12/12/08)

--Pfizer to cut 700 jobs in France (12/12/08)

--Alcatel-Lucent to Cut 1,000 Manager Jobs (12/12/08)

--UBM to cut 350 jobs (12/12/08)

--Bank of America to eliminate 35,000 jobs (12/12/08)

--Stanley Works plans 2,000 job cuts (11/12/08)

--Cummins to cut 500 jobs or about 3.5% of staff by year-end (11/12/08)

-- Sara Lee cutting 700 jobs (11/12/08)

--Novellus plans to cut 10% of workforce (10/12/08)

--SKF to cut 2,500 jobs (10/12/08)

--Rio Tinto to cut 14,000 jobs (10/12/08)

--National Football League to cut 150 jobs (10/12/08)

--Zep cuts 5% of staff as customer base declines (09/12/08)

--InBev to cut 1,400 jobs in U.S (08/12/08)

--Sony to cut 8,000 jobs (08/12/08)

--Dow Chemical cuts 11% of workforce (08/12/08)

--Alvarion to cut 110 jobs (08/12/08)

--3M to layoff 1,800 staff (08/12/08)

--Australia and New Zealand Banking Group Ltd will lay off 800 staff (08/12/08)

--UBS may futher announce as many as 4,500 more job cuts (08/12/08)

--BA to axe 100 plus Gatwick jobs (08/12/08)

--Constellation will cut 800 jobs globally (05/12/08)

--Experian sheds 300 (05/12/08)

--BDO Stoy Hayward to cuts 250 jobs (05/12/08)

--3,400 jobs to go in HM and customs offices (05/12/08)

--Viacom announced cutting 850 jobs i.e., is 7% of work force (04/12/08)

--AT &T cutting 12,000 jobs (04/12/08)

--DuPont plans cutting 6,500 jobs : 2,500 positions & 4,000 contractors (04/12/08)

--Belden to cut 1,800 or 20% of jobs (04/12/08)

--Adobe will cut roughly 600 jobs (04/12/08)

--Nomura declares cutting 1,000 jobs in London (04/12/08)

-- GlaxoSmithKline cuts further 200 UK manufacturing jobs (03/12/08)

--450 jobs threatened at Novelis Wales aluminium firm (03/12/08)

--American Capital cuts 110 employees (03/12/08)

-- HSBC cuts further 500 jobs

-- Credit Suissee sheds 5,300 jobs

--Halfords slashes 250 jobs

--Ason Martin announced laying off 300 workers

--Nakheel sheds 500 jobs.

--ArcelorMittal plans 9,000 voluntary redundancies

-- Skanska to cut 5.7% of workforce

-- Dell has cut 13% of its workforce..

--Isuzu, Mazda to cut 2,700 seasonal workers in Japan

--Boeing to Cut 27% of Jobs at Defense Unit in Kansas

--Renault has also announced that it would cut 6,000 jobs in Europe, including 4,900 in France.

--France's Peugeot Citroen to slash 3,550 jobs

--Akamai cuts 110 jobs accross the globe

--Intevac to cut more than 15% of worldwide jobs

--Rolls Royce cutting up to 2,000 jobs in 2009

--Deutsche Bank announces 900 jobs

--Swedens Sandvik announces 2450 jobs cuts

--SIG made its announcement to axe 900 jobs

--Pepsi Bottling takes aim at 3,150 job cuts

--National Express sheds 300 in new jobs

--Independent News & Media to cut 90 jobs

--Wolseley to shed a further 2,300 jobs

--Citigroup tells employees it's cutting 50,000 positions in near months

--Avis Europe to shed 315 jobs

--Sun Microsystems to lay off 5,000 to 6,000 workers

--Friends Provident cuts up to 280 Manchester jobs

--RBS to slash 3,000 banking jobs worldwide

--Las Vegas Sands to cut 9,000-11,000 jobs in China

--National Semiconductor to cut 330 jobs..

--Applied materials to shed 1,800 jobs..

--John Menzies to cut 600 jobs..

--BT slashes 10,000 jobs

-- Virgin Media slashing 2,200 jobs

-- Yell on the edge of cutting 1,300 jobs

-- Taylor wimpey axing further 1,000 jobs

--Dairy Crest to cut 100 jobs

--Dana Holding Corp to axe 5,000 jobs from 3000 job cuts figure disclosed earlier..

-- AMD to cut 500 jobs

--Building firm Rok to cut 750 jobs

--Legal Services Commission (LSC) to axe 600 jobs

--Nokia announced 550 job cuts..

--German industrial group BASF to shed 1,000 staff

--Motorola eyes on 3,000 job cuts

--Ammerican Express to cut 7,000 jobs saving $1.8bn

--Credit Suisse to cut 500 jobs.

--Qwest Plans to Cut 1,200 Workers - nearly 3% of the total companies workfroce.

--Whirlpool shashes 5,000 jobs

--Bear strearns 7,500 jobs loss

--Lehman brothers 14,500 jobs loss

-- Wachovia 1,400 jobs gone

--UBS 5,800 jobs cut

-- RBS/ ABN ANRO 7,000 jobs cut

-- West LB 1,550 jobs lossess

-- Bank of America 3,650 jobs cut

--HSBC 2,900 jobs lossess...

--Xerox to cut 5 pct of staff; 3000 jobs

--Wolseley, the building materials supplier in US is further set to cut 3,000 jobs buy closing down 86 branches bringing the of 10,600 jobs cut scince 2006

-- Goldman Sachs to cut 10% of its workforce which would arround 3,250 jobs.

--Rightmove axes 20% fo their staff in order to save £5M

--More than 1500 Jobs will go by January 2009 at Yahoo which is 10% of there workforce, the figure may increase as a measure of cutting down expenses..There profit is down by 64%.

--Novartis to cut 550 jobs as their profit drops 69%.

--NortherRock cuts 1,500 jobs(Feb,08)

--Jet Air dismisses 1000 staff

--U.S firm axes 800 jobs at computer chip plant in Scotland

--Confectionery giant Cadbury Plc has just announced 580 job losses

--Britain's largest commercial broadcaster ITV announced cutting around 1,000 jobs.

--Pepsi (PEP) is supposed to cut 3,300.

--Citi Corp sheds 11,000 jobs by second Quater

-- Today Air India announced, they are considering for long term umpayed holiday for nearly 15,000 staff for 3-5 years

--198 Jaguar workers to lose jobs

--GM to cut its workforce by 1,600..

--Channel 4 Announced to axe 150 jobs to which would save £100M over the current year and 2009

$100 billon in 9 biggest banks

SAN FRANCISCO (MarketWatch) -- The Treasury agreed to invest more than $100 billion in nine of the largest U.S. banks, including Citigroup, J.P. Morgan Chase and Wells Fargo, in a move that effectively nationalizes part of the country's financial system.

Treasury is investing $25 billion in senior preferred shares of Citigroup and another $25 billion in the same type of securities issued by J.P. Morgan Wells Fargo is getting $25 billion to $20 billion under the same deal, the Wall Street Journal reported.
Bank of America is getting $15 billion, while Merrill Lynch will receive $10 billion from the Treasury.
Morgan Stanley and Goldman Sachs each agreed to government investments of $10 billion, while Bank of New York Mellon will get $3 billion and State Street will receive $2 billion.
(source: http://www.marketwatch.com/news/story/nine-largest-us-banks-getting/story.aspx?guid=%7BF3935594%2D9048%2D4BE1%2DA98D%2D4D9759A90DF9%7D)

9,000 years old

TB victim remains, 9,000 years old, re-write history of disease

The discovery of two nine thousand year old tuberculosis victims demolishes the conventional wisdom that humans caught the disease from cows, claims a new study.

The remains were found in a now submerged Neolithic village off the coast of Israel
Scientists have traditionally believed that tuberculosis was caught from the infected milk of cattle at a time when humans first started domesticating animals around six thousand years go.But the discovery of two much older victims - a mother and a child - finally proves that the human strain most likely existed before its bovine equivalent.It is hoped the findings reported in the Public Library of Science One journal, will help scientists trace the route of the disease which still kills thousands of people every year.
"What this shows is that it was not animals that infected humans, it was humans infecting humans," said Dr Helen Donoghue, from University College London
"This suggests that it was the coming together of humans into settlements rather than the domestication of animals that led to the disease spreading."
The mother and child were discovered underwater in the remains of a Neolithic village, now submerged by the sea off the coast of Haifa, in Israel.

(source: http://www.telegraph.co.uk/earth/main.jhtml?view=DETAILS&grid=&xml=/earth/2008/10/15/scitb115.xml)

£2 trillion - Gordon Brown meets European leaders as banking bill tops £2 trillion

Gordon Brown meets European leaders as banking bill tops £2 trillion

Gordon Brown and fellow European leaders will meet within hours to begin attempts to restructure the international banking system, as the bill for saving it reached £2 trillion.
The Prime Minister will join other heads of government - many of whom have followed his lead in taking shares in struggling banks - at a European Council meeting in Brussels today.
During the two-day gathering they are expected to endorse an action plan, agreed on Sunday, that would see nations in the euro-zone recapitalising banks and guaranteeing lending.
But Mr Brown has insisted that the international community must also reform the financial system along more open, responsible lines to prevent a similar collapse in future.
His Chancellor, Alistair Darling, said: "The priority for the European Council meeting is to work with international partners to introduce greater transparency into the international financial system."
His words were echoed by Jose Manuel Barroso, the European Commission president, who will also attend the meeting today.
Mr Barroso said greater co-operation was needed between world leaders to solve the crisis.
"To try and go it alone in this climate would be a fatal mistake for any government anywhere in Europe. This is an unprecedented crisis ... this is something that requires unprecedented EU action," he said.
"An urgent priority now must be to further deepen coordination at international level, and specifically with the United States."
The US authorities followed the UK and Europe by announcing an extraordinary plan to buy stakes in its biggest banks using taxpayers' money.
Although stock market volatility may continue over the next few weeks, City experts are hopeful that the co-ordinated bail-out will finally put a stop to the catastrophic stock market slump which threatened to bring down the financial system.
Stock-markets around the world rose sharply on Tuesday.
The FTSE-100 index has risen by almost 12 per cent in just two days following Gordon Brown's emergency bank nationalisation scheme. It rallied again on Tuesday closing up 3.2 per cent at 4,394. The Japanese stock market posted its biggest ever one-day rise and the American Dow Jones index also saw gains after opening before closing 0.8 per cent down amid continuing fears of a recession.
(source: http://www.telegraph.co.uk/news/newstopics/politics/economy/3199203/Gordon-Brown-meets-European-leaders-as-banking-bill-tops-2-trillion.html)

£400,000 yacht - does NHS trust need a £400,000 yacht?

Does NHS trust need a £400,000 yacht?

Hull's rich seafaring heritage stretches back to 1299, when King Edward I granted the port a royal charter. The city's notable maritime exports have since included a great deal of haddock and a deputy prime minister.
Now a new generation of mariners will be setting sail after the city's primary care trust unveiled a £1.35m project to buy and run a yacht for unemployed youngsters – and, in doing so, sailed into a perfect storm of criticism.
The potential purchase of the 72ft vessel has been lambasted by local politicians as "a complete waste of public money". But its supporters have leapt to its defence, describing its acquisition as a "visionary" plan to help turn around the lives of wayward youths and claiming that it could get 150 jobless teenagers back into work every year.
Health chiefs hope that the 10-week sailing programmes, which will include two weeks at sea learning teamwork, self-sufficiency, plumbing, joinery and how to eat healthily, will improve the long-term prospects of the city's disadvantaged youngsters.
The chief executive of NHS Hull, Chris Long, said that the yacht, which would cost £400,000, would account for just 0.1 per cent of the PCT's annual budget. "I said we would never sort out health problems in Hull until we sorted out the employment issues facing the city. There is an absolute link between good education, good employment and good health."
But Steve Brady, leader of the Labour group on the city council, said the spending plans were unacceptable. "In the current economic climate, I'm amazed our local PCT is even thinking about doing something like this."
While the boat would be bought by the PCT, the maintenance costs would be met by regeneration agency One Hull.
Three months ago, the Hull and Humber clipper came second in the 35,000-mile Clipper Round the World Yacht Race, crewed by a team of 10 unemployed youngsters from the region. Since then, all 10 have gone on to find work, start their own businesses or navigate back into education.
Sir Robin Knox-Johnston, who in 1969 became the first man to sail round the world non-stop single-handedly, said sailing offers a unique lifeline for young people who have lost their way: "Sail training is akin to an apprenticeship. You take these young people and make them face an alien environment. We know it is safe but they don't and they have to get over that. When they do overcome it they start to develop self confidence and belief."
Among those to take part in the race were Sonny Allott, who sailed with the clipper between Novia Scotia and Liverpool. The 20-year-old from west Hull was brought up in care following the death of his parents. "This really opened my eyes. I was amazed I was even there but I knew I had earned it," he said. He now works in London with disadvantaged youngsters.
The new health project will be called the Wilberforce Sailing Academy in honour of William Wilberforce, the leader of the movement to abolish the slave trade who was born in the city and became an independent Member of Parliament for the region. A final decision on the project is expected next month. (source: http://www.independent.co.uk/life-style/health-and-wellbeing/health-news/why-does-an-nhs-trust-need-a-163400000-yacht-961408.html)

38 LTTE cadres, 3 soldiers killed in clashes

38 LTTE cadres, 3 soldiers killed in clashes

Colombo (PTI): At least 38 LTTE rebels and three soldiers were killed in fierce clashes as beleaguered Tamil tigers are reported to have brought in fresh reinforcements to hold back advancing Sri Lankan troops from capturing their stronghold of Kilinochchi.
Fifteen LTTE cadres, including a senior sea tiger identified as Kadalmaran, were killed and a similar number of tigers injured during clashes with security forces at Akkarayankulam in Kilinochchi, the Defence Ministry said on Tuesday.
(source: http://www.hindu.com/thehindu/holnus/000200810141841.htm)

40Mbps- BT names '40Mbps' fibre broadband exchanges

BT names '40Mbps' fibre broadband exchanges

BT has announced that residents of Muswell Hill in London, and Whitchurch in South Glamorgan will be the first to receive its next generation broadband service.
As many as 15,000 users in each area will get the chance to trial the service, which uses fibre-optic cables to link the street cabinets that connect homes and businesses to telephone exchanges. BT claims it will offer speeds of up to 40 megabits per second (Mbps).
The trials, which will begin in summer 2009, have been described by BT as a 'pilot' as the hardware will not be removed once the trial period has ended. However, the telecom giant was unable to give details of the broadband firms participating in the trial and any terms and conditions.
BT said it will run a smaller-scale trial with 30 homes connected to the Foxhall exchange in Kesgrave, Suffolk in early 2009.
The two sites were chosen for their mix of customers and net providers, along with the local communications network and geography. BT will announce further trials towards the end of 2009, with commercial roll-out expected to start in 2010 (source: http://www.pcadvisor.co.uk/news/index.cfm?newsid=105686)