Washington - US stocks were poised for a massive sell-off Monday after embattled investment bank Lehman Brothers Holdings filed for bankruptcy - one of many financial firms in turmoil amid a significant broadening of the US credit crisis.
News of the venerable Lehman Brothers' failure came hours after financial services firm Merrill Lynch & Co agreed to be sold to Bank of America Corp late Sunday night.
Paris - Caught up in the turmoil caused by the collapse of US investment bank Lehmann Brothers, the Paris Bourse lost nearly 5 per cent of its value by mid-afternoon on Monday, led downward by weak banking shares.
The big losers for the day were the banks Credit Agricole and Societe Generale, which were down 13.79 and 12.51 per cent, respectively.
For the year, Credit Agricole - France's largest retail banking group and the second largest in Europe - has lost more than 43 per cent of its value.
The shares of two other banks, Dexia and BNP Paribas, fell by 12.10 and 11.54 per cent, while insurance giant Axa lost 11.53 per cent of its value.
Washington, September 15 : An Indian-origin mechanical engineer and his colleagues at the University of Utah have developed a new approach to slice thin wafers of the chemical element germanium, so that they can be used in the most efficient type of solar power cells.
Dinesh Rakwal, a doctoral student in mechanical engineering, believes that the new method can lower the cost of such cells by reducing the waste and breakage of the brittle semiconductor.
Washington, Sept 15 : New York Senator Hillary Rodham Clinton is trying hard to stem the recent shift of white female voters to the Republican ticket.
During the brutal Democratic primary fight, Clinton had driven a wedge between female white voters while countering Senator Barack Obama.
She told an enthusiastic crowd of about 1,600 made up mostly of white women, in the gymnasium of Ellet High School, Ohio, that though she and Obama started out on two separate paths, they are now on one journey.
“With your help, it will lead straight to the White House,” added Clinton.
Washington, Sept 15 : Even as it became amply clear that former Pakistan President Pervez Musharraf will vacate the presidency soon, “shudders” were felt in Washington as who would actually control the nuclear command after him, said a noted American journalist based in Washington.
He said that though the nuclear command authority’s leaders were Musharraf “acolytes” “but they are thought to be military professionals first, and, therefore, responsible.”
Washington - US stocks were poised for a massive sell-off Monday after embattled investment bank Lehman Brothers Holdings filed for bankruptcy - one of many financial firms in turmoil amid a significant broadening of the US credit crisis.
Baghdad - US Defence Secretary Robert Gates arrived in the Iraqi capital Baghdad on Monday on the eve of a shift in command of the US-led forces.
Washington, September 15 : An Indian-origin mechanical engineer and his colleagues at the University of Utah have developed a new approach to slice thin wafers of the chemical element germanium, so that they can be used in the most efficient type of solar power cells.
Washington, Sept 15 : New York Senator Hillary Rodham Clinton is trying hard to stem the recent shift of white female voters to the Republican ticket.
Washington, Sept 15 : Even as it became amply clear that former Pakistan President Pervez Musharraf will vacate the presidency soon, “shudders” were felt in Washington as who would actually control the nuclear command after him, said a noted American journalist based in Washington.
