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Americans endorse "change" after eight years of Bush

Americans endorse "change" after eight years of BushWashington - US voters took a sharp turn to the left in Tuesday's election, sending Barack Obama to the White House and strengthening Democratic control of Congress in a firm rejection of eight years of President George W Bush.

Americans embraced Obama's message of "change" and handed him victories in all regions, including in a few states that had been Republican strongholds, as Republican nominee John McCain was unable to distance himself from the current president.

Posco project to complete in time

The South Korean steel giant, Posco-India is committed to complete Posco's Orissa project, despite global financial crisis. The director of Posco-India project, Mr Sung said that the global slowdown would not affect the project and company would go for Rs 51,000 crore projects in Orissa. He also reviewed the work of the project in a meeting called by the chief secretary Mr Ajit Tripathy.

US voters stay left on ballot measures

US voters stay left on ballot measuresSan Francisco - Voters in the US states of Michigan and Massachusetts on Tuesday approved medical marijuana initiatives, while those in South Dakota and Colorado rejected draconian limits on abortion, in a further sign of the triumph of centre-left politics in the 2008 election.

Voters in Massachusetts approved a measure to decriminalize the possession of small amounts of marijuana, making the offence punishable with a citation and a fine of 
100 dollars.

In Michigan voters approved the legalization of marijuana.

Mexican president expresses sorrow over minister's death

Mexican President Felipe CalderonMexico City - Mexican President Felipe Calderon expressed "enormous sorrow" over the death of his interior minister and close friend Juan Camilo Mourino in a plane crash late Tuesday in Mexico City.

With his voice breaking, Calderon recalled that Mourino had been his companion in politics for several years and that they dreamed together of "a new homeland."

Lotus India AMC to be acquired by Religare

In a formal announcement, one of the leading financial services groups of India, Religare Enterprises (REL), confirmed that it has agreed to acquire Lotus India asset management company (Lotus India AMC) from its majority shareholders - Alexandra Fund Management and Sabre Capital.

Informing the Bombay Stock Exchange of the intended proceedings, REL said that its board of directors has approved a proposal to discuss, negotiate and finalize the terms for acquiring 100 per cent or majority equity shareholding of Lotus.

Obama takes historic election, first African American

Obama takes historic election, first African AmericanWashington/Chicago - Democratic candidate Barack Obama has won a historic US presidential election, television networks projected Tuesday, making him the first African-American ever to lead the United States.

Obama, 47, had a commanding victory over Republican rival John McCain, 72, capturing a series of reliable Republican states including Virginia and Ohio that voted for President George W Bush in the last two elections.

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