Wednesday, October 26, 2011

Europe crafts debt deal as banks take Greek losses

Europe crafts debt deal as banks take Greek losses

Europe crafts debt deal as banks take Greek losses

Posted: 27 Oct 2011 04:33 AM PDT

European leaders clinched a deal on Thursday they hope will mark a turning point in their two-year debt crisis, agreeing after a night of tense negotiations to have banks take bigger losses on Greece's debts and to boost the region's weapons against the market turmoil.

Government warns, thousands evacuate flood-surrounded Bangkok

Posted: 27 Oct 2011 03:38 AM PDT

Residents poured out of the Thai capital by bus, plane and train on Thursday, heeding government warnings to use a special five-day holiday to evacuate parts of the flood-threatened metropolis before a weekend deluge rushes through.

Pakistan's activists now questioning ISI's role

Posted: 27 Oct 2011 03:23 AM PDT

Pakistan is passing through difficult times. The international community, even its longtime ally, the US today is pointing fingers at the country's Inter-Services Intelligence (ISI) saying that the organization is aiding terrorism.

Former Goldman Sachs director Rajat Gupta pleads not guilty, released on $10-million bail

Posted: 27 Oct 2011 03:00 AM PDT

Former-Goldman Sachs director Rajat Gupta turned himself in on Wednesday to the FBI, and then pleaded not guilty in court to massive securities fraud before being freed on $10 million bail pending trial.

Rajat Gupta: From orphan to Goldman Sachs to New York court

Posted: 27 Oct 2011 02:34 AM PDT

Rajat Gupta, who stands accused of insider trading, was a pillar of New York society, courted by charities, corporations and wealthy individuals seeking ways and means to make even more money.

Rajat Gupta pleads not guilty, insider inquiry goes beyond Wall Street

Posted: 27 Oct 2011 12:52 AM PDT

Rajat K. Gupta, a former director at Goldman Sachs and Procter & Gamble, pleaded not guilty on Wednesday to insider trading charges, setting the stage for a courtroom battle that will extend the government's broad crackdown on Wall Street to the corporate boardroom.

Happy Diwali and Saal Mubarak, wishes Obama

Posted: 26 Oct 2011 01:41 PM PDT

As Diwali - the festival of lights - is being celebrated in India and across the world by thousands of Indians, US President Barack Obama today wished those celebrating the festival a Happy Diwali and Saal Mubarak .

Amy Winehouse died from too much alcohol: Coroner's verdict

Posted: 26 Oct 2011 01:05 PM PDT

Amy Winehouse died as the unintended consequence of drinking too much alcohol, a British coroner ruled Wednesday.

Turkey quake: After 72 hours, three pulled out of rubble alive

Posted: 26 Oct 2011 12:32 PM PDT

Two teachers and a university student were rescued from ruined buildings in eastern Turkey on Wednesday, three days after a devastating earthquake, but searchers said hopes of finding anyone else alive were rapidly fading.

US insider trading case: Ex-Goldman Sachs Director Rajat Gupta surrenders

Posted: 26 Oct 2011 11:25 AM PDT

A former Goldman Sachs board member on Wednesday surrendered to federal authorities to face criminal charges stemming from a massive hedge fund insider trading case.

Will wait until everyone's voted off the island, says Obama on Republican contenders on Jay Leno's show

Posted: 26 Oct 2011 09:38 AM PDT

President Barack Obama says he's waiting for the Republican presidential field to narrow itself down 'Survivor'-style before he starts paying attention to the contenders running to replace him.

Boeing 787's inaugural flight lands in Hong Kong

Posted: 26 Oct 2011 08:33 AM PDT

The jet, nicknamed The Dreamliner by Boeing Corp, was flown by Japan's All Nippon Airways and was packed with aviation reporters and enthusiasts - some of whom paid thousands of dollars for the privilege.

Obama's 2012 pitch: Still unfinished business

Posted: 26 Oct 2011 07:56 AM PDT

Raising money and appealing for votes, President Barack Obama is framing his 2012 re-election campaign as a call to complete unfinished business and as a clear choice between his ideas and those of potential rivals who he says are no different than the congressional Republicans who are thwarting him now.

Police fire tear gas at anti-Wall Street protestors

Posted: 26 Oct 2011 07:10 AM PDT

Police fired tear gas and sound grenades to disperse hundreds of anti-Wall Street protesters in Oakland, near San Francisco, late on Tuesday night.

Riot in Turkey prison after massive quake

Posted: 26 Oct 2011 06:49 AM PDT

Shots rang out from the complex, and smoke billowed into the night sky after prisoners set fire to their blankets.

1 dead, 14 injured in building explosion: Swiss police

Posted: 26 Oct 2011 06:36 AM PDT

Swiss police say one person has died and 14 are injured after an explosion at an apartment block in the western city of Yverdon-les-Bains.

Australia issues travel advisory for India

Posted: 26 Oct 2011 05:40 AM PDT

Five countries, including Australia, has issued travel advisories to their people travelling to India this festive season. The advisory warns Australian citizens to exercise high degree of caution in India because of the high risk of terrorist activity by militant groups.
Posted by Harshad at 11:45 PM

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