Community in Chicago area makes English official language

Community in Chicago area makes English official languageIt has been reported that a community in the Chicago area has approved a resolution making English its official language and endorsing Arizona's new immigration law.

The Chicago Tribune reported on Thursday that members of the local government in Homer, a township of 30,000 people northwest of Chicago, say the measure that passed this week is not racist or aimed at immigrants from any particular part of the world.

Stand against sex abuse stiffened by Vatican

Stand against sex abuse stiffened by VaticanThe Vatican said on Thursday that the Catholic Church's statute of limitations on child sexual abuse has been extended to 20 years after a victim's 18th birthday.

Catholic News Service has reported that the church, wracked in recent years by priest sex abuse scandals, also reclassified possession of child pornography, equating it with sexual abuse of children. That means priests proved to have used child pornography can be defrocked.

The changes were part of a revision of "Delicta Graviora," a document defining crimes against the church.

Saudi Arabian government planning crackdown on schools promoting terror

Saudi Arabian government planning crackdown on schools promoting terrorIt is cracking down on teachers who use the classroom to spread support of terrorism, says the government of Saudi Arabia.

Gulf News has reported on Thursday that officials said more than 2,000 teachers have been transferred to administrative positions in two years after they were found to be proselytizing for al-Qaida.

New containment cap stops oil flow in Gulf of Mexico

New containment cap stops oil flow in Gulf of MexicoA test of the new containment cap on the well gushing oil into the Gulf of Mexico has stopped the flow of crude, a BP official said on Thursday.

BP engineers closed all three valves on the massive containment cap and oil stopped spewing into the water a mile below the surface for the first time since April 20, when the Deepwater Horizon rig exploded, killing 11 workers.

BP Vice President Kent Wells said during an interview with NPR, "We will be monitoring the pressure carefully every 6 hours. It was quite something to see."

BMW releases support for iPod Out

BMW releases support for iPod OutBMW has publicised the release of ‘iPod Out’ feature with respect to the new iOS 4 that will go on-board with all kinds of entertainment systems in all new vehicles.

It was further stated by the car maker that the feature will help all kinds of BMW and Mini car owners to control their iPhones and iPods from vehicle's on-board entertainment system.

One can also use the gadget’s Genius feature and customize their playlists.

The devices that prove to go smooth are iPhone 3G, 3GS, iPhone 4, along with second and third generation iPod Touch devices.

A report on Apple & AT&T lawsuit

A report on Apple & AT&T lawsuitThe recent report stated by federal judge claims that a monopoly lawsuit filed in lieu of Apple and network carrier AT&T’s is considered to be a class action, as stated by the Associated Press.

The lawsuit will take in consideration of a number of lawsuits filed by iPhone customers that date back to 2007, soon after the proclamation of Apple's first iPhone model, and at the same time stop the trade of locked iPhones that can be used on AT&T’s networks only.

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News in Focus

SAIL Share Price Target at Rs 225: ICICI Securities

ICICI Securities has maintained a Buy rating on Steel Authority of India, setting a target price of Rs 225, implying a 36% upside from the current market price of Rs 165.

Bank of Baroda Share Price Target at Rs 390: Axis Securities

Axis Securities has maintained its Buy rating on Bank of Baroda, though it has trimmed the target price to Rs 290 from Rs 315, implying an 18% upside from the current market price of Rs 246.6.

Greenply Industries Share Price Target at Rs 355: Axis Securities

Axis Securities has reiterated a Buy rating on Greenply Industries Limited, raising its target price to Rs 355 from Rs 340, implying a 19% upside from the current market price of Rs 298.

SBI Life Insurance Share Price Target at Rs 2,350: Axis Securities

Axis Securities has reiterated a Buy rating on SBI Life Insurance Limited, setting a target price of Rs 2,350, implying a 27% upside from the current market price of Rs 1,859.

ICICI Securities Keeps BUY on Jana Small Finance Bank with Share Price Target at Rs 600

ICICI Securities has maintained its BUY call on Jana Small Finance Bank, lifting the target price to Rs 600 from Rs 535 and implying about 20% upside from the current market price of Rs 498.