US GDP surges to 5.7 percent, led by business

The US economy roared back to life with a 5.7 percent growth pace in the fourth quarter, led by brisk business spending that offset sluggish consumer activity, official data showed Friday. The Commerce Department report on gross domestic product (GDP) showed the strongest growth in six years. The figures showed growth accelerated from the 2.2 percent annualized pace in the third quarter, when the economy expanded for the first time after... [more]

Jury rules Vivendi misled investors, but Messier cleared

A US jury ruled Friday that French media giant Vivendi recklessly misled investors about the company’s finances, opening the door to a potential multibillion dollar payout to shareholders. But former Vivendi chairman and chief executive Jean-Marie Messier was cleared along with his chief financial officer Guillaume Hannezo by the jury which had been deliberating over two weeks in the shareholder lawsuit. Vivendi and Messier had been... [more]

Israel blamed for killing of top Hamas militant in Dubai

The Palestinian Islamist movement Hamas on Friday accused Israel of the “assassination” in Dubai last week of a founder of its military wing while on an arms-buying trip and vowed to avenge his death. “Mahmud Abdel Rauf al-Mabhuh died a martyr in Dubai on January 20, 2010,” Hamas said in a statement released in its Gaza stronghold. “We hold Israel responsible for the assassination of our brother and leader,”... [more]

IMF head sees need for finance system ‘insurance levy’

The head of the International Monetary Fund said on Friday that he would propose an “insurance premium” for the financial system so as to cover any eventual new crisis. “What we are trying get across (to help limit the damage of any future crisis) is that the financial system is a risk system,” Dominique Strauss-Kahn told France 24 television. “What we must avoid is the profits going only to the private sector... [more]

Today in History – 29th. Jan

Today is Friday, Jan. 29, the 29th day of 2010. There are 336 days left in the year. Today’s Highlight in History: On Jan. 29, 1860 (according to the New Style calendar), Russian author and playwright Anton Chekhov was born in the port city of Taganrog (TAG’-uhn-rahg). On this date: In 1820, Britain’s King George III died at Windsor Castle. In 1843, the 25th president of the United States, William McKinley, was born... [more]

Dutch State, ING Bank Appeal EU Ruling on Aid

The Dutch government and bailed-out financial services company ING Groep NV said Thursday that they are appealing a ruling by the European Union antitrust authority on repaying state aid. ING said the EU viewed repayment terms agreed by ING and the government as too generous. Of the euro10 billion ($14.07 billion) received from the Dutch government at the height of the financial crisis, the bank and insurer has paid back euro5 billion, plus... [more]

Plant Flavanoid May Help Prevent Leukemia

Eating foods like celery and parsley which contain the naturally occurring flavanoid apigenin may help prevent leukemia, Dutch scientists said Thursday. Maikel Peppelenbosch of the University of Groningen in the Netherlands said tests showed that apigenin — a common component of fruit and vegetables — was able to halt the development of two kinds of cells in leukemia and cut their survival chances. The findings suggest apigenin... [more]

Imitation Google, YouTube Sites Emerge in China

Imitation Web sites of both Google and YouTube have emerged in China as the country faces off against the real Google over its local operations. YouTubecn.com offers videos from the real YouTube, which is blocked in China. The Google imitation is called Goojje and includes a plea for the U.S.-based Web giant not to leave China, after it threatened this month to do so in a dispute over Web censorship and cyberattacks. The separate projects... [more]

Legendary British rocker Pete Townshend targeted as a ‘sex offender’

A CHILD advocacy group has sent out leaflets warning of the arrival of a sex offender in Florida – legendary British rocker Pete Townshend. A CHILD advocacy group has sent out leaflets warning of the arrival of a sex offender in Florida – legendary British rocker Pete Townshend. The New York Post reports the activists are outraged that the 64-year-old guitarist will perform with his band The Who at the halftime show during the... [more]

American detained for trespassing : North Korea

North Korea said on Thursday it had detained an American who crossed into its territory from China on January 25 and was interrogating him. The North’s official KCNA news agency said the man was “trespassing” but gave no further details. North Korea has been holding another U.S. citizen, activist Robert Park, who was captured in December when he crossed into the communist state saying he planned to raise awareness about... [more]

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