Hackers believed to be working for the Chinese military breached the United States government computers, possibly compromising the personal data of 4 million current and former federal employees.
This effectively freezes the legal fight in the courts until Wednesday noon (2130 IST) following Wells Fargo and Wachovia announcement of $15 billion deal which bested the earlier deal with Citibank. Meanwhile, the Wall Street Journal said discussions to resolve the mess are continuing, with the most likely scenario resulting in Citigroup buying branches from Wachovia in the Northeast and mid-Atlantic region.
Hedge funds maximise absolute returns using a broad range of strategies including unconventional and liquid investments. Quoting people familiar with the matter the Wall Street Journal said: "The Securities and Exchange Commission ordered more than two dozen hedge funds to turn over trading information as it ramps up its investigation into whether traders were spreading rumours to manipulate shares."
It's also a move that makes a lot of financial sense.
The financial meltdown abroad should serve as a lesson for the investor. Save well for troubled times.
Beleaguered investment bank Merrill Lynch has paid more than $10 million in cash and stock to its eleven top executives last year, says a media report.
"As we work to set high regulatory standards here in the United States, we have to challenge other countries around the world to do the same," Obama said. "That's how we will stop financial crises from spilling across borders and prevent global crises of the sort that we now face." Obama had been planning to set out 'broad principles' for new regulations prior to an international meeting in London in April, the G20 summit, so that this could be shared with the world leaders.
Sentiment got a leg-up after the Lok Sabha on Thursday gave its approval for Rs 80,000 crore recapitalisation bonds for strengthening public sector banks, traders said.
Billionaire Mukesh Ambani-led Reliance Industries has made it to the annual list of the world's 100 most respected companies compiled by the Wall Street Journal, topped by US-based healthcare products major Johnson & Johnson.
The iconic selfie taken by Indian Prime Minister Narendra Modi with Chinese premier Li Keqiang during his current visit to China is being hailed by western media as one of the most "power-packed selfie in history".
Envelopes containing white powder were received by top editors and executives of the Wall Street Journal, triggering a scare and rekindling the memories of the anthrax mailed in 2001. But after tests showed that it was apparently flour or food based, the powder was declared harmless.
The Sri Lankan army's hopes to crush Tamil Tigers and end Asia's longest running civil war are still not around the corner, a media report said. 'Peace still will not be easy or, despite recent good news, immediate. The Tigers may still be able to carry out some terror attacks, though they no longer pose a wide-scale threat. And Colombo faces questions about its commitment to a permanent political settlement,' a Wall Street Journal report said.
While the ministry sources clarified that the overall policy for fax editions is still under review, this proposal has been given approval on a case-to-case basis in FIPB's meeting held last week. The proposal was turned down twice earlier pending the review but the company had applied to FIPB under deferred proposal agenda in its meeting on January 9.
United States President-elect Barack Obama plans to issue an executive order, within his first week in office, to close down the infamous American detention centre at Guantanamo Bay, a media report said on Tuesday. The order, however, would not immediately close the prison, the Wall Street Journal said, citing two people with knowledge of the plan. It is the first step in what is expected to be a long process of determining what to do with the approximately 250 prisoners.
Couples who communicate well and have sex more frequently are happier.
India, Taiwan and countries with large numbers of Tibetans, Uyghurs and overseas Chinese will be prominent among those that witness elevated United Front activity, notes Jayadeva Ranade, the distinguished China expert and retired RAW officer.
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