Tweet New York: US stocks were flat with minor fluctuations Friday despite a slight improvement of US economic growth to 2 percent for the third quarter. The new figures, which come just days before US congressional elections, matched expectations by economists but are unlikely to be enough to curb the US unemployment rate, which has [...]
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Tweet Jakarta: The tsunami that devastated the Mentawai Islands in West Sumatra, Indonesia, has killed at least 413 people, while over 300 are still missing. Data released Saturday by the earthquake and tsunami information services said 207 people were seriously injured and 142 people had minor injuries, Xinhua reported. A total of 517 houses were [...]
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Tweet San Francisco: Microsoft reported record first-quarter sales Thursday of more than $16 billion and notched up a not-too-shabby $5.4 billion in net profit. Not bad for a company that has been widely written off as a creaking dinosaur, destined to go the way of T-Rex in the face of competition from Google, Apple, Facebook [...]
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Tweet San Francisco : Visa Inc, the world’s largest consumer payments network, Wednesday reported a 51-percent rise in fourth-quarter profits compared to the same period last year. The rebound was an indication that the worst of the economic crisis might be over, as people swiped their plastic more often than in the troubled year before. [...]
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Tweet New York : Major US stock indices fell slightly Wednesday amid reports that the Federal Reserve was planning a gradual monetary intervention to prop up the world’s largest economy. The Wall Street Journal reported that the central bank will announce after its rate-setting meeting next week a plan to buy a few hundreds of [...]
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Tweet New York: A tornado injured many people, damaged several homes and derailed a few trains in the US state of Texas, officials said. Four people suffered injuries, while many vehicles turned turtle and several homes and a school complex were damaged when a tornado hit Navarro county, 45 miles south of Dallas, late Sunday [...]
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Tweet Tokyo: Japanese Prime Minister Naoto Kan’s cabinet approved a 5.09-trillion-yen ($62.9 billion) stimulus package Tuesday to address the yen’s rise and counter deflation. The government aims to spur domestic demand, improve the business environment and revitalise regional economies with the package, which includes public works projects. The government must still gain approval from parliament [...]
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Tweet New York: Hotel rates in the US are expected to increase by an average of 10 percent next year, a media report said. Air fares are also likely to increase, but rental-car fares would stay the same because of heavy competition and a huge inventory of such cars, Xinhua reported citing the Los Angeles [...]
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Tweet Port-au-Prince : At least 200 people have died in a cholera outbreak in earthquake-shattered Haiti, the government said Saturday. Another 2,500 people were fighting for their lives in hospital, sickened with fever, vomiting and diarrhoea, in the Lower Artibonite region, 80 km north of capital Port-au-Prince. The outbreak prompted the government to declare a [...]
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Tweet Los Angeles : A surfer has been killed after being bitten by a shark while body boarding off a beach at Vandenberg Air Force Base in Santa Barbara County, the Santa Maria Times reported Friday. The report said the victim was a college student, but gave no other identifying details. The Surf Beach where [...]
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