Washington - Insurance giant American International Group Inc, bailed out of a cash-flow crisis last month by a loan that temporarily made the US government its majority shareholder, said Monday that it would stop lobbying in Washington.
A spokesman said that the company's Washington office would continue to monitor federal lawmaking to assess impacts on AIG, but that routine work to influence congressional legislation would stop.
In addition, the company has cancelled more than 150 posh corporate events, saving an estimated 80 million dollars. AIG management came under fierce criticism from lawmakers after the revelation that executives spend 440,000 dollars on a retreat at a luxury spa, just days after the federal loan that kept the company afloat.
Tokyo - Japanese Prime Minister Taro Aso on Tuesday welcomed US efforts to stabilize the global financial markets and conveyed his intention to play a leading role as Group of Eight chair in the upcoming financial crisis meeting in the US, the top Japanese government spokesman said.
Washington, October 21: An American study has revealed that the first two points that people look at to tell whether a face is familiar to them or not are around the nose.
Cognitive Scientists Janet Hui-wen Hsiao and Garrison Cottrell from the Temporal Dynamics of Learning Center at the University of California, San Diego, examined this by showing volunteers frontal-view images of faces, one at a time, and recording their eye movements.
They used an eye tracker to record the movements of the participants, which helped detect where on the faces shown the volunteers looked.
Paramount has delayed the release of yet another time. The first movie to be delayed for release was Harry Potter, thereafter it was The Road; this time it is The Soloist and Defiance.
No specified reasons have been given for the delay announced at the last moment. The release of Soloist has been delayed by about four months - from 21 November to 13 March. The release of soloist has been deferred to 31 Dec from 12 Dec.
Lil Wayne has been declared lyricist of the year by BET Hip- Hop Awards. Russell Simmons was declared as the Hip-hop Icon.
The rapper who belongs to New Orleans was nominated for 12 awards. He has also been honored with the title of MVP of the Year and the Alltel Wireless People's Champ at the ceremony hosted by T-Pain.
Lil told the crowd that he's expecting a bundle of joy any day now. "I got a son dropping any day. Pray for me," he said.
San Francisco - Yahoo Inc was to announce at least 1,000 job cuts, possibly as early as Tuesday when it releases its quarterly earnings report, two newspapers reported.
The job cuts would be at least as many as the 1,000 jobs axed in January by the internet portal, which is struggling to compete with Google Inc for online advertising dollars, The Wall Street Journal and California's San Jose Mercury News reported, citing unnamed sources familiar with the matter.
Tokyo - Japanese Prime Minister Taro Aso on Tuesday welcomed US efforts to stabilize the global financial markets and conveyed his intention to play a leading role as Group of Eight chair in the upcoming financial crisis meeting in the US, the top Japanese government spokesman said.
San Francisco - Yahoo Inc was to announce at least 1,000 job cuts, possibly as early as Tuesday when it releases its quarterly earnings report, two newspapers reported.
