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Telia Sonera third-quarter earnings up

Stockholm  - Nordic telecommunications group Telia Sonera on Tuesday posted higher pre-tax income for third-quarter 2008, citing strong sales for its mobile and broadband operations.

The group said earnings before interest, taxes, depreciation and amortization (EBITDA) was 8.94 billion kronor (1.03 billion dollars), up 3 per cent on the corresponding business period 2007.

Sales in the quarter increased 4 per cent to 25.81 billion kronor.

Commenting on the impact of the global financial turmoil, chief executive Lars Nyberg said that the group "has a strong balance sheet and operates in a relatively non-cyclical industry."

Lower yen, bargain hunting revives Nikkei from 26-year low Eds

Tokyo  - Tokyo stocks rebounded Tuesday from a 26-year low as the yen fell against the dollar and euro, investors hunted for bargains and the government instituted new restrictions on short selling.

The benchmark Nikkei 225 Stock Average soared 459.02 points, or 6.41 per cent, to close at 7,621.92, nearly erasing all of its 486.18-point loss from Monday.

The broader Topix index of all first-section issues also was up 37.57 points, or 5.03 per cent, at 784.03.

The gains ended a four-day losing streak, which wiped out nearly a quarter of the Nikkei's value.

The day began on a sour note, as the Nikkei briefly dropped below 7,000, but investors returned to the market to buy up stocks trading at historic lows.

Jordan dig reveals scientific evidence about Biblical events

Washington, Oct 28 : New evidence has emerged after an excavation in Jordan that gives scientific credence to certain Biblical events and characters.

Led by Thomas Levy of UC San Diego and Mohammad Najjar of Jordan’s Friends of Archaeology, an international team of archaeologists has excavated an ancient copper-production center at Khirbat en-Nahas down to virgin soil, through more than 20 feet of industrial smelting debris, or slag.

The 2006 dig has brought up new artifacts and with them a new suite of radiocarbon dates placing the bulk of industrial-scale production at Khirbat en-Nahas in the 10th century BCE – in line with biblical narrative on the legendary rule of David and Solomon.

Scientists link anxiety to immune system in mice

Washington, Oct 28: A new study conducted on mice has found a link between the immune system and anxiety.

The research team from Rockefeller and Columbia universities have found that mast cells, which have an important role to play in immune system, directly influence how mice respond to stressful situations.

Previous study by Columbia University scientists had shown that mast cells travel to the brain from other organs early on in development.

"We now knew that mast cells resided in the brain but we didn''t know their function," said Rockefeller University''s Donald Pfaff, head of the Laboratory of Neurobiology and Behavior.

Britney Spears set to relive her breakdown on the big screen

Britney SpearsLondon, Oct 28 : After experiencing one of the most harrowing times in her life, pop princess Britney Spears is all set to go through it again, but this time on the big screen.

Spears, 26, is all set to star in a film biopic of her catastrophic life, especially after the good reviews she got for the sitcom ‘How I Met Your Mother’.

The film will be directed by Brit director Phil Griffin, whose recent music videos include Rehab and Back to Black for Amy Winehouse.

Shares gain over 5 per cent in Seoul

Seoul  - Shares jumped more than 5 per cent Tuesday on the Seoul stock exchange on bargain hunting after recent huge losses. South Korea's currency lost further ground against the dollar.

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