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ABB India has registered a decline of 54.17% in its net profit at Rs 38.31 crore in the three month period ended June 2010 as compared to Rs 83.60 crore during the like period of 2009.

In a statement, it said, "The results of the company were adversely impacted in the second quarter on account of continued costs on the exit from rural electrification business and increasing price pressure in the market."

Private sector power and automation company has reported a fall of 3.88% in its total revenue at Rs 1,446.6 crore as against Rs 1,505 crore in the same period of previous year.

It has been reported that the departing British ambassador to Jerusalem blamed Israeli policy for making Hamas stronger in Gaza in a farewell interview this week.

The blockade of Gaza created a "Hamas-controlled tunnel economy," Tom Phillips, who will next become ambassador to Saudi Arabia, told The Jerusalem Post. The destruction of the private economy has meant the only role models are Hamas functionaries and militants, he said.

The Gulf of Mexico has been staggered by man-made pollution since long before the Deepwater Horizon oil leak began, say Oceanographers and conservationists.

The New York Times said on Friday that experts aren't optimistic about the future health of the gulf and say it has to do more with decades of contamination rather than the undersea geyser sparked by the loss of the massive offshore drilling rig.

President Jacob Zuma announced this week that six of South Africa's traditional monarchies will be dissolved when the current ruler dies.

The Guardian has reported that Zuma's decision follows the recommendation of a report by the Commission on Traditional Leadership Disputes and Claims. The commission, after a 6-year study, determined that six of the monarchies were created by the apartheid government.

Ajay Devgan has been roped in to play the role of a terrorist in Priyadarshan's yet-untitled flick inspired by Jan de Bont's 1994 thriller "Speed".

The film will be shot on an actual subway train speeding from London to Glasgow.

The story of 1994 Hollywood thriller was based on a bomb in a bus, which would go off if the bus loses its speed.

U. S. officials have said that Debris from Tropical Storm Bonnie has briefly delayed the capping of the blown-out BP oil in the Gulf of Mexico.

It is too early to declare victory, National Incident Commander Thad Allen told reporters on Friday.