Washington - The United States will consider more sanctions against Zimbabwe if President Robert Mugabe does not follow through on commitments to set up a power-sharing government, the US State Department said Monday.
"Should Mugabe renege on this power-sharing agreement, the United States ... is prepared to impose additional sanctions," State Department deputy spokesman Robert Wood said.
New York - Giant energy company Exelon Corp, the country's largest utility, has made an uninvited bid to acquire NRG Energy Inc for 6.2 billion dollars, following billionaire investor Warren Buffett's example of buying into the market amidst the slump.
NRG is the second-largest power producer in Texas, and would give the Chicago-based Exelon capacity outside its Illinois and Pennsylvania operating bases, Bloomberg financial news service reported. NRG's shares lost half its market value in two months.
New York - Amidst merger talks between struggling US auto leader General Motors and the third-largest US automaker Chrysler, the Wall Street Journal reported Monday that up to 40,000 jobs could be sacrificed in the deal.
Washington - US growth will remain weak for "several" quarters as the world's largest economy works through a financial and housing crisis that has sharply reduced spending, Federal Reserve Chairman Ben Bernanke warned Monday.
Amid fears that the US has already dipped into a recession, Bernanke told a congressional hearing that a second fiscal stimulus package could help kick-start the economy.
Islamabad - A senior US diplomat said on Monday that only harsh military means would solve the problem of rising Islamist militancy in Pakistan, as security forces killed at least 20 people in the north-west part of the country.
San Francisco - Undermining widely held views about the divisive effects of the internet and cell phones, a new study claims that the use of modern communications devices is bringing families closer together by effectively turning them into online social networks.
The Pew Internet Report, which was released Sunday, surveyed 2,252 traditional "nuclear families" and found that families compensated for the increased stress of modern life by using cell phone calls, emails, and text messages to stay in touch.
Washington - The United States will consider more sanctions against Zimbabwe if President Robert Mugabe does not follow through on commitments to set up a power-sharing government, the US State Department said Monday.
New York - Giant energy company Exelon Corp, the country's largest utility, has made an uninvited bid to acquire NRG Energy Inc for 6.2 billion dollars, following billionaire investor Warren Buffett's example of buying into the market amidst the slump.
New York - Amidst merger talks between struggling US auto leader General Motors and the third-largest US automaker Chrysler, the Wall Street Journal reported Monday that up to 40,000 jobs could be sacrificed in the deal.
Washington - US growth will remain weak for "several" quarters as the world's largest economy works through a financial and housing crisis that has sharply reduced spending, Federal Reserve Chairman Ben Bernanke warned Monday.
Islamabad - A senior US diplomat said on Monday that only harsh military means would solve the problem of rising Islamist militancy in Pakistan, as security forces killed at least 20 people in the north-west part of the country.
