Seoul - Creditors of ailing Daewoo Electronics have chosen US equity firm Ripplewood Holdings as their preferred bidder after two failed attempts to sell South Korea's third-largest appliance and television maker, a South Korean bank said Wednesday.

Leading creditor Woori Bank said in Seoul that the takeover of Daewoo Electronics should be formalized by the end of this year.

New York-based Ripplewood will be granted access to Daewoo's books before the deal was signed, Woori Bank said, but declined to give details regarding the US company's offer.

Ripplewood was entering negotations with an offer of about 400 billon won, the national Yonhap news agency said, quoting industry sources.

Kiev - Ukraine's parliament must approve a 16.5-billion- dollar assistance package from the International Monetary Fund (IMF), or the former Soviet republic will face default, the country's national bank head said Tuesday.

Volodymyr Stelmakh, chairman of the National Bank of Ukraine (NBU), said Kiev desperately needs the low-cost loan, as without it the NBU "almost certainly" would be unable to honour Ukraine's foreign debts.

Stelmakh's statement, made at a Kiev press conference, was Ukraine's clearest warning yet that the world financial crisis had left the country short of cash and on the edge of default on bonds sold in international markets.

New Delhi, October 29: Jennifer Love Hewitt says she would love to don outfits resembling those of Angelina Jolie for Halloween.

The ‘I Know what You Did Last Summer’ actress revealed that she and her fiancé Ross McCall intended to look like Brangelina for the spirited season, reports China Daily.

On being questioned how she would manage to do that, the 29-year-old replied: “We''re just going to have lots of babies! And I''m going to look really sultry and really drop dead gorgeous.”

Meanwhile, Jennifer’s beau, who had gone down his knees to pop the question to the singer-songwriter with an antique diamond heirloom ring, seemed a little less sure of looking like Brad.

Srinagar, Oct 29: The filing of nominations for the second phase of Jammu and Kashmir assembly polls began today with the issuance of notification.

Four seats in Rajouri and two in Ganderbal district will go to polls in this phase on November 23. The last date for filing nominations is November 5.

The nominations for the first phase in Jammu and Kashmir has started picking up with several political parties finalizing the names of their candidates.

Friday is the last date for the submission of papers for the first phase in which ten assembly constituencies in Bandipora, Leh, Kargil and Poonch districts will go to the polls on November 17.

London, October 29: Microsoft researchers have developed a system called SideSight that can allow a mobile phone user to control a handset placed on a table by wiggling his/her fingers in the space around it.

The technology was unveiled last week at the User Interface in Software and Technology symposium in Monterey, California.

Alex Butler, a researcher from the Sensors and Devices Group at Microsoft Research Cambridge in the UK, has revealed that the system derives its exceptional ability from infrared sensors that can pick up the movement of fingers up to 10 centimetres away.

"The big advantage of our prototype is the finger does not block any of the screen space," New Scientist magazine quoted Butler as saying.

London, Oct 29: English rocker Gary Glitter, convicted for sexual offences, stands to make 100,000 pounds after advertising chiefs used one of his songs for an ad.

The ad, made for computer giant Hewlett Packard, used the pop paedophile’s 1972 hit ‘Do You Wanna Touch Me’ to promote a new touch-screen model.

The song, which is featured in a major marketing campaign with TV adverts being screened all over America, is a 1982 cover version sung by US rocker Joan Jett.

But since it was originally written by 64-year-old Glitter, he gets to collect all the royalties, and if the ad sparks a surge in Internet downloads, he will end up earning a lot.

US campaigners are now demanding Hewlett Packard to remove the advert.