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Global credit crisis sinks Australia's Allco Finance

Sydney  - Australian banks Tuesday pulled the rug from under debt-laden local leveraged buy-out specialist Allco Finance Group.

Receivers were appointed for Allco and its shares placed in a trading halt after talks with the 12 banks failed to reach agreement on a repayment schedule for debts of 667 million Australian dollars (446 million US dollars).

The share price had tumbled from an all-time high of 13 Australian dollars in February 2007 to just 14 Australian cents.

Allco, one of the highest profile local victims of the credit crunch, two years ago was the leader of a failed leverage buy-out of national carrier Qantas Airways.

Bollywood film "Ek Vivaah Aisa Bhi" all set for release

Bollywood film "Ek Vivaah Aisa Bhi" all set for releaseMumbai, Nov 4 : Bollywood director turned producer Sooraj Barjatya''s film "Ek Vivaah Aisa Bhi" starring Esha Kopikar and Sonu Sood is slated for Friday release.

Produced under the banner of Rajshri Productions Private Limited, the name that is synonymous with critically acclaimed and commercially successful films, promises a wholesome family entertainment.

Kaushik Ghatak has directed the film, which stars Sonu Sood, Esha Koppikar, Alok Nath, Smita Jaykar and Srivallabh Vyas.

Trump gets his way on golf resort, leaves environmentalists raging

Donald TrumpLondon, Nov. 4 : American billionaire Donald Trump’s contentious plans to transform a wild and windswept stretch of the Aberdeenshire coastline into an exclusive one billion pound golf resort have been approved by the Scottish government, but left wildlife groups fuming with anger.

Environmentalists have condemned the Scotland National Party (SNP) administration for its “wanton vandalism” of an unspoilt natural habitat.

Naomi Millbank-Smith to present Urban Music Awards

Naomi Millbank-SmithLondon, Nov 4 : Naomi Millbank-Smith has been chosen as the host for this year’s Urban Music Awards, and she just can’t wait for it to happen.

Millbank-Smith, 23, who had found fame on Channel 4 show Shipwrecked, will be presenting the sixth annual ceremony at London''s IndigO2 on November 15.

“There''s a lot of pressure to do it alone with no co-host, but I can''t wait,” the Sun quoted her as saying.

She will be introducing the likes of Sienna Miller and DJ Ironik to the stage as they present prizes to winners.

Jean-Claude Van Damme puts movie on hold for dog

Jean-Claude Van DammeNew York, Nov 4 : Belgian martial artist and actor Jean-Claude Van Damme has cancelled promotional appearances for his new flick ‘JCVD’ to take care of a puppy.

Van Damme, who earned himself the nickname “Muscles From Brussels”, had recently adopted seven dogs from Bangkok, and one of them is said to be in a coma.

“Van Damme will stay in Thailand to see this dog through this very trying time,” the New York Post quoted a source as saying.

‘JCVD’ is a fictional biopic about an action star who struggles with financial problems and a custody battle.

Britney Spears unveils comeback album’s cover, tracklist

Melbourne, Nov 4 : Popstar Britney Spears has released the cover and track listing of her comeback album ‘Circus’.

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