| Hurricans Floods Consumer Confidence - Sep 29, 2005 8:59 IST |
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Now the citizens of world’s richest country are finally feeling the crunch of the fury of nature. According to a report, consumer confidence suffered its biggest drop in 15 years in September as Hurricane Katrina made Americans anxious about the rising costs of heating their homes and filling their gas tanks. The decline raised questions about consumer spending for the rest of this year, including the holiday shopping season.
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| Bush Gives a Thumbs Up to Progress in Iraq - Sep 29, 2005 2:28 IST |
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President Bush today claimed progress in the war in Iraq, citing the killing Sunday of a top insurgent leader in Baghdad and growing capabilities of Iraqi troops. But he repeated a warning that upcoming votes in Iraq may be accompanied by a surge of violence.
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| Porsche Vroooooms, Buys 20% Stake in VW - Sep 26, 2005 16:24 IST |
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German sports car maker Porsche plans to buy 20 percent stake in VolksWagen to avert possible hostile takeover of VolksWagon that could threaten the two carmaker’s business ties. The reason for this step is the fact that Volkswagen in the meantime has become not only an important development partner for Porsche but also an important supplier for some 30 percent of Porsche’s sales volume," Porsche said in a statement.
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| Bankruptcy Laws Spruced Up - Sep 26, 2005 16:19 IST |
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An internet clock like an eternal clock is running on bankruptcy attorney Mark Zuckerberg’s computer, counting down the days, hours, minutes and seconds until new federal bankruptcy laws take effect. The impending changes have a flood of Hoosiers rushing to file bankruptcy -- and Zuckerberg longing for his 18-hour days to subside.
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| Boeing at Peace with Striking Machinists - Sep 26, 2005 16:18 IST |
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The Boeing Co. and its machinists union have reached a tentative contract agreement, which if approved would end a three-week strike that shut down the company’s airplane production. Mark Blondin, president for Machinists District Lodge 751 in Seattle, said members would vote on the deal Thursday.
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| At Ease! Rita Spares Refineries - Sep 26, 2005 16:18 IST |
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Hurricane Rita caused some damage to oil refineries near the Texas-Louisiana border and raised the prospect of gasoline shortages and higher prices during the arduous process of restarting refineries all along the Gulf Coast. But it did not cause the widespread destruction of the energy infrastructure that some had feared. On the edge of this workaday city of refineries and modest ranch houses near Galveston, a flare burned silently from a tower at the large BP refinery on Saturday afternoon, evidence that it was largely unscathed.
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| Are Charities Geared Up For Rita? - Sep 24, 2005 9:38 IST |
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The American Red Cross asked Americans to give more to help hurricane victims, saying the $853 million donated for Katrina is less than half what’s needed. Rita will require even more. "We have a long way to go in our fundraising to meet the needs of people from Katrina, let alone what we need to do for the people of Rita," Senior Vice President of Preparedness and Response Joe Becker said Friday. "As fast as the money is coming in, we are spending it."
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| Houston Joins Evacuation as Rita Strengthens - Sep 22, 2005 16:42 IST |
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Hurricane Rita is heading for what could be a direct hit on the Texas Gulf Coast in three days, and has already strengthened to a category 5 storm, the most powerful and potentially devastating in life and property,
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| Extradition Approved for London Bombings Suspect - Sep 13, 2005 19:11 IST |
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Rome, Italy(24x7updates) -- Highest Court of Italy has upheld the extradition of Hamdi Issac, a suspect in the failed July 21 bombing attempts in London. He was captured later in the city of Rome.
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| US, Iraqi Forces Attack Tal Afar, 150 Dead - Sep 11, 2005 20:14 IST |
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Baghdad -- Iraqi and US troops pressed on Saturday with an all-out offensive to wrest control of a town from Sunni Arab insurgents, with the Iraqis reporting nearly 150 rebels killed and the town mayor resigning in protest.
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| John G. Roberts to Replace William H. Rehnquist as Chief Justice - Sep 5, 2005 23:28 IST |
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Washington (24x7Updates) -- President Bush nominated Judge John G. Roberts Jr. today to replace Chief Justice William H. Rehnquist, whose death late Saturday opened a second vacancy on the Supreme Court and a new front in the ideological battle over the judiciary.
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| Indonesia Airliner Carrying 109 Crashes on Take-Off - Sep 5, 2005 11:2 IST |
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Jakarta (24x7Updates) -- An Indonesian Boeing 737-200 operated by low cost airline Mandala Airlines crashed soon after taking off from Polonia airport in the northern city of Medan on Sumatra Island.
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| 3 Carnival Cruise Ships Deployed for Refugees - Sep 4, 2005 17:56 IST |
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Carnival Cruise Lines announced Saturday that the U.S. government has chartered three luxury cruise liners - Ecstacy, Sensation and Holiday - for the next half year, to provide temporary housing for victims of Hurricane Katrina.
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| Bush pumping in more support for Gulf Coast - Sep 3, 2005 22:34 IST |
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Washington (24x7Updates) -- President Bush, seeking to stem criticism that a slow federal response has contributed to needless misery, said Saturday he is ordering additional active duty forces to the hurricane-battered Gulf Coast.
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| European Union seeks to address Turkey Membership Talks - Sep 2, 2005 19:40 IST |
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Foreign ministers of the European Union (EU) will meet on Thursday seeking to remove last-minute obstacles to membership talks with Turkey, the British Broadcasting Corporation reported.
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| 843 Dead in Baghdad Stampede - Sep 1, 2005 8:6 IST |
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THE death toll in the worst single loss of life since the start of the Iraq war was last night heading towards 1,000 after a crowd of about one million Shiite pilgrims making their way across a bridge in Baghdad panicked at reports of a suicide bomber in their midst and stampeded.
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