New York

Citigroup suing Wachovia, Wells Fargo, for 60 billion dollars

Citigroup suing Wachovia, Wells Fargo, for 60 billion dollars New York - In the acquisition scramble for Wachovia bank, Citigroup Monday sued rival Wells Fargo & Co and Wachovia for 60 billion dollars in punitive and compensatory damages, Citigroup said.

The move is the latest in the Wall Street scramble as the US financial system struggles for stability amidst a severe credit crunch. Despite Friday's passage of a 
700-billion-dollar bail-out plan by the US government, US stocks continued to plummet Monday, with the three major indices losing more than 5 per cent in trading at midday.

Company to offer low price for complete genetic blueprint

New York - A California-based company plans to offer to determine a person's complete genetic code sequencing for 5,000 dollars, the lowest so far any biotechnology group can offer, The New York Times said Monday.

Complete Genomics, situated in the Silicon Valley south of San Francisco, said it will offer the technique next year to whoever wants to have a complete set of genomes that make up a person's DNA.

The science of genomics has been trying to determine genes that predispose a person to certain diseases and find the appropriate drugs to fight them.

Annoyed Palin says she will be more open to interacting with the media

New York, Oct. 4 : Annoyed Palin says she will be more open to interacting with the mediaRepublican vice-presidential candidate Sarah Palin has expressed her annoyance over her interview with CBS interviewer Kate Couric, saying that she has no qualms about talking to the media, and would be more open to having such interactions in the run-up to the November 4 presidential elections.

In an interview with FOX News, Palin described her debate with Democratic rival Joe Biden as a lot of fun.

Man struck by lightning while pumping gas survives

Washington - A man who was struck by lightning while pumping gas in New York state, lived to tell the tale Friday.

"I started pumping the gas, and I seen a very bright orange light, followed by a very bright white light, and then total darkness. I went out," William Hall told WIVB-TV.

He recalled feeling the current travelling through him, before passing out. "I was very numb, shaky. Hard to catch my breath. My heart was beating really rapid."

Hall made a routine stop at the pump late Wednesday. Surveillance cameras at K & K Food Mart caught Hall lurching over after the bolt struck. He returned to the pump on Thursday to complete filling his tank.

Bloomberg seeks new law for third mayoral term

Bloomberg seeks new law for third mayoral termNew York - New York Mayor Michael Bloomberg Thursday formally announced he would seek a revision of a term limits law so he can run for a third term and continue the work on keeping Wall Street and the city a world financial hub.

Bloomberg, a successful financier and billionaire, brushed off criticism that the move was undemocratic to try to change the local law limiting New York City's mayors to two four-year terms.

Biden’s sister is his political alter-ego and confidante

New York, Oct 2: Democrat vice presidential nominee Joseph R. Biden Jr. is getting advice from a woman who has been an intimate since he was a grade school student with a stutter and a paper route, to take on his rival Sarah Palin in Thursday night’s debate.

“He’s been my best friend all my life. I opened my eyes and he was there and he said, ‘Let’s go.’ I was his sidekick,” said Biden’s sister, Valerie Biden Owens.

As Biden Owens, 62, spoke, she summoned the ghost of her younger self, a kid sister trailing awestruck behind her big brother, Joey, the New York Times reported.

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