No passport, no participating in talks - Zimbabwe's MDC

Harare, Zimbabwe MapHarare - Zimbabwe's Movement for Democratic Change (MDC) threatened Tuesday that party leader Morgan Tsvangirai would boycott another meeting of the Southern African Development Community on the Zimbabwean crisis unless he received a passport.

Tsvangirai did not attend a SADC meeting in Swaziland on Monday at which the breakdown in talks between his party and President Robert Mugabe's Zanu-PF party on the formation of a unity government was discussed. Mugabe attended the meeting.

3M profits on international sales

3M profits on international salesNew York - US manufacturer 3M overcame the economic slowdown in its home market with strong international sales in the third quarter, the company said Tuesday.

Profits rose 3 per cent over the year earlier period to 991 million dollars, the St Paul, Minnesota maker of products like Post It notes and Scotch tape said. Revenue rose more than 6 per cent to
6.6 billion dollars.

The earnings were above analysts' expectations, but the company warned profits for the year could still fall below predictions as the economic downturn spreads worldwide.

Investor Kerkorian drops Ford stock

Ford MotorNew York - Months after increasing his stake in Ford Motor Company, billionaire investor Kirk Kerkorian is pulling back from the suffering automaker.

His Tracinda Corp sold 7.3 million shares of Ford stock on Monday for 2.43 dollars each, he had purchased the shares for 8.50 dollars earlier this year. Tracinda is also considering unloading its remaining 133 million shares.

The move comes days after Kerkorian had put 50 million shares of his MGM Mirage casino behind the 600-million-dollar credit line he had used to buy Ford stock, Bloomberg financial news reported.

Security pact unlikely to be approved before US elections

US ElectionBaghdad  - Iraqi Foreign Minister Hoshiyar Zebari said that the security pact with the US, also known as Status of Forces Agreement, is unlikely to win approval in Iraq's parliament before the US presidential election on November 4.

The pact would lay down the legal basis for a continued US military presence in Iraq after a UN mandate expires in December

Zebari told al-Arabiya satellite news station Tuesday that Iraq still hoped to enact the pact before the end of this year, when the UN Security Council resolution authorizing the US presence expires. But he acknowledged difficulties reaching agreement among Iraqi political leaders.

Sun Microsystems expects fiscal 1st-quarter loss

Palin at Colorado rally, criticizes Obama on taxes