TNM

Citigroup’s struggle continues, more jobs to be cut

Citigroup’s struggle continues, more jobs to be cut In its ongoing struggle to steady itself after suffering massive losses from deteriorating debt, the New York-based banking giant, Citigroup Inc., announced Monday that it would cut another 24,000 jobs, bringing its total reductions to 52,000 in the coming months.

CEO Vikram Pandit discussed the plans - posted on the company’s web site – with the employees at the company’s town hall meeting in New York. The move comes after the company posted four straight quarterly losses, including a loss of $2.8 billion during the third quarter.

HC refuses to interfere with state’s ban of ‘Deshdrohi’

HC refuses to interfere with state’s ban of ‘Deshdrohi’  The Maharashtra state’s ban on the screening of Kamaal Khan’s ‘Deshdrohi’, under Section 6 of the Bombay Cinema Regulation Act, will continue for the present, as the Bombay High Court on Monday refused to interfere with the state’s order. Nevertheless, a division bench of Chief Justice Swatanter Kumar and Justice Sharad Bobde asked the government to give a hearing to the film’s producer and pass a fresh order by November 20.

Microsoft India Brings Out ‘HPC Server 2008’

Microsoft India Brings Out ‘HPC Server 2008’In order to fortify its commitment for a high performance computing, Microsoft Corporation India on Monday added another feather to its cap by launching the Release-to-Manufacture of Windows HPC server 2008.

Windows HPC server 2008 offers an easy-to-deploy cost-effective and scalable high-performance computing solution-which combines the power of Windows server platform with rich,out-of-the-box functionality to help enhance productivity and reduce complexity of any given HPC environment.

Sensex Sheds 125.28 Pts; ICICI Bank, ACC Tumble

Sensex Sheds 125.28 Pts; ICICI Bank, ACC TumbleAfter a weak opening today, the 30-share index BSE Sensex continued to trade in the negative zone on the back of global worries, and lack of support at higher levels.

Heavy selling action was witnessed in banking, IT and power stocks.

BSE Midcap and Smallcap index shed 1.56% and 1.42% respectively.

As declining growth, massive job cuts, worries of a deep and prolonged recession in worldwide economies continue to disturb the outlook, the stock market, despite a few rallies here and there, has been fighting to make a headway for the last few months.

Study: Family History - Important Indicator for Breast Cancer

Study: Family History - Important Indicator for Breast CancerCanadian researchers have said that women, with a family history of breast cancer, who test negative for two genetic mutations commonly linked to breast cancer, could still be at a high risk of developing the disease. The genes in question are BRCA1 and BRCA2, which are linked with particularly aggressive hereditary breast cancer and an increased risk of ovarian cancer as well.

Bigg Boss Inmates Break Rules; Get Out Of The House

Bigg Boss Inmates Break Rules; Get Out Of The HouseBigg Boss and controversies go side by side, and this time, the final contenders including Raja Chaudhary, Rahul Mahajan, Zulfi Sayed and Ashutosh Kaushik broke the most important house rule, of not leaving the Lonavala bungalow and tried to go out last night.

They all jumped the walls of the Bigg Boss house just because they were tired of home cooked food and wanted to taste food outside.

The source said, “They may have been forced to do so, as Zulfi the only guy who could cook refused to make food anymore.”

Pages