Washington

Federal Reserve sees some signs of economic recovery

Federal Reserve sees some signs of economic recovery Washington  - The US economy appears to be contracting at a slower rate than in previous weeks in a sign that it is beginning to stabilize, the US Federal Reserve said Wednesday.

But the Federal Reserve warned that economic activity is likely to remain "weak for a time" and decided to keep the interest rate unchanged at 0-0.25 per cent from its last meeting in March.

The Federal Reserve meeting came hours after the US Commerce Department issued its quarterly report showing the economy continued to shrink during the first three months of the year.

Obama calls on Chrysler bondholders to sacrifice

Obama calls on Chrysler bondholders to sacrifice Washington  - US President Barack Obama called on Chrysler LLC bondholders to make sacrifices in order to keep the nation's third largest automakers from filing for bankruptcy.

Obama, speaking at a town hall meeting in Arnold, Missouri, credited the autoworker unions for taking the necessary steps to help Chrysler avoid bankruptcy protection.

"One of the key questions now is: Are the bondholders, the lenders, the money people, are they willing to make sacrifices as well?" Obama said. "We don't know yet."

Obama marks 100 days by touting steps on economy

Obama marks 100 days by touting steps on economyWashington  - US President Barack Obama marked 100 days in office by citing the progress his administration has made in tackling the nation's economic problems but cautioned that more needed to be done.

"Now, after a hundred days, I am pleased with the progress we've made, but im not satisfied," Obama said at a townhall meeting Wednesday in Arnold, Missouri.

Obama touted his massive economic recovery plan to rescue the United States from its worst recession in decades, brought on by the crisis in the housing and finance markets.

Swine flu suspected of inflicting Marine

Swine flu suspected of inflicting MarineWashington - A US Marine is suspected of having contracted swine flu and has been quarantined at his base in California, the service said Wednesday.

The soldier and his roommate have been confined to their quarters for further evaluation, Marine Commandant General James Conway told reporters at the Pentagon. The roommate is not showing any symptoms, the general said.

The soldier sought medical attention on Saturday suffering from flu symptoms, Conway said.

"He was tested. The initial tests are that he is suspected to have the flu," Conway said.

Suspects in Travolta extortion trial plead not guilty

Suspects in Travolta extortion trial plead not guiltyWashington, April 29: The two suspects accused of trying to extort millions of dollars from John Travolta have pleaded not guilty in court.

Ambulance driver Tarino Lightbourne and ex Bahamas senator Pleasant Bridgewater were alleged to have teamed up in a
25-million-dollar plot to extort money from Travolta and his wife over information related to their 16-year-old son Jett''s death.

While Lightbourne was charged with attempted extortion, Bridgewater was left facing abatement to extort charges, reports Contactmusic.

Hugh Jackman’s secret stash of nude footage cut from Wolverine

Hugh Jackman’s secret stash of nude footage cut from WolverineWashington, Apr 28: Hollywood actor Hugh Jackman was handed a stash of nude footage cut from his new film X-Men Origins by director Gavin Hood.

The Australian star was required to shoot a lot of stunts in X-Men’s sequel in the buff.

After his more intimate areas were hidden for the final cut, Hood handed Jackman the X-rated extras for his own personal use.

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