A motorist driving past a filling station which was toppled by Typhoon Megi (local codename Juan) yesterday at Isabela province in northeastern Philippines. The strongest cyclone in years to buffet the Philippines knocked out communications and power yesterday. Picture: AP
Oct 19, 2010
Investment Banking Earnings Highlight Wall Street’s New Vulnerabilities
The collapse of The Bear Stearns Cos. and Lehman Brothers Holdings Inc. (OTC: LEHMQ), the forced takeover of Merrill Lynch and the decisions by Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) to get commercial-banking licenses seemed to signal that the investment-banking business model was dead.
Yahoo News, Oct 19, 2010
- Democrats make pre-election pitch to help seniors (AP)
- French retirement protests take violent turn (AP)
- Judge likely to deny gov't on gay troops order (AP)
- Nurse's 911 call played at Fort Hood hearing (AP)
- Gunmen storm Parliament in Chechnya, 6 dead (AP)
- Bank of America posts $7.7B loss on special charge (AP)
Obama hits stride before 35,000 supporters in Ohio
Medvedev hands top state honours to Russian spies
PRESIDENT Dmitry Medvedev yesterday handed top state honours to the Russian spies deported from the United States in July in the biggest spy scandal since the Cold War, the Kremlin said.
"A ceremony took place in the Kremlin today to hand top state honours to a number of Foreign Intelligence Service (SVR) employees, including the spies who were working in the United States and returned to Russia in July," Kremlin..
Chile president pledges to tighten mine safety
PRESIDENT Sebastian Pinera pledged yesterday to tighten up mine safety in Chile, even if it meant extra costs for owners, after the dramatic rescue of 33 trapped miners.
Pinera, basking in the glow of the rescue while he tours European capitals, said Chile was tripling the budget of mining industry regulators and revising its regulations.
Pinera, basking in the glow of the rescue while he tours European capitals, said Chile was tripling the budget of mining industry regulators and revising its regulations.
Greek embassies step up security
GREECE'S embassy and consular buildings have stepped up security precautions following an attack threat allegedly linked to a group of Iranian asylum seekers, the Greek foreign ministry said yesterday.
Greek foreign ministry spokesman Grigoris Delavekouras said in a statement that the alert began after an anonymous phone call to the Greek general consulate in Los Angeles on October 13.
Greek foreign ministry spokesman Grigoris Delavekouras said in a statement that the alert began after an anonymous phone call to the Greek general consulate in Los Angeles on October 13.
Service of thanks at Chile mine
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