United States

Lehman Brothers reportedly about to be sold

Lehman BrothersNew York  - Urgent moves were afoot Friday to sell embattled Lehman Brothers Holdings Inc, the fourth-biggest US investment bank which this week reported record losses, US media reports said.

Lehman was reported to be urgently shopping around for a possible takeover, while there were reports that the government had agreed to subsidize any takeover of the bank, one of many still reeling from the ongoing credit crisis in the United States.

The bank posted its largest-ever quarterly loss of 3.9 billion dollars on Wednesday. Lehman's own shares tumbled more than 40 per cent in Thursday's trading.

India, US need to tackle hard questions together: Wisner

India, USNew Delhi, Sept. 12 : Though Indo-US bilateral relations have come a long way in the last decade, there are many underlying issues that the two countries need to tackle together, said Ambassador Frank Wisner, Vice-Chairman, American International Group, at a session on ‘After US Elections: Next Steps in the US-India relationship’, organized by the Confederation of Indian Industry (CII) and Aspen Institute India in New Delhi today.

Ancient figs excavated in Israel may be the world’s first cultivated crops

Human rights group: Israel forcibly expelling Gazans from West Bank Washington, September 12 : Archaeologists in Israel say that the figs they discovered while excavating at the sit of an 11,400-year-old house near the ancient city of Jericho may be the first cultivated crops.

The researchers say that the find provides evidence that cultivated crops came centuries before the first farmers planted cereal grains.

Mexican billionaire''s stake hots up battle for NY

New York, Sept. 12 : Mexican magnate Carlos Slim''s purchase of six per cent of the “Old Grey Lady”, as the New York Times is referred to from time to time, has triggered more speculation about the sale of the newspaper.

According to the NYT, Slim clawed himself back to the No 2 spot on the world''s rich list with purchases that stretch from cigarette manufacturers, to restaurant chains, to car parts distributors, to – most lucratively – telecoms companies.

And when he puts down 120 million dollars, people take notice. When that bet is on a 6.4 per cent holding in the beacon of the United States newspaper business, The New York Times Company, people take a lot of notice.

Violence against women impairs kids’ growth

Washington, Sept 12 : Kids whose mothers are exposed to violence grow less, according to a new study.

The study found that violence against women in a family has serious consequences for the children''s growth, health, and survival.

Kajsa Asling Monemi from Uppsala University studied women and their children in Bangladesh and Nicaragua and showed that children whose mothers are exposed to violence grow less and are sick more often than other children.

Kajsa Asling Monemi, paediatrician, the Department of Women''s and Children''s Health, monitored more than 3,000 children in Bangladesh from the women''s pregnancy tests till when the children were two years old.

Musharraf ouster gives CIA a freer hand to strike against Taliban, Al Qaeda in Pak

Washington, Sept 12: As the US death toll in Afghanistan has reportedly reached an all-time high, around 113 this year alone, the American intelligence agency CIA has reportedly launched a major blitz into Pakistan against top Al Qaeda and Taliban targets, apparently with due authority from US President George Bush.

Besides the 113 American soldiers, 101 other foreign troops have died during this year.

According to the Daily News, the CIA had rarely hit targets in Pakistan because they sparked anti-American outrage that threatened former Pakistan president and US ally Pervez Musharraf’s fragile hold on power.

Pages