Friends Provident to re-enter merger talks with Resolution after revised offer
Submitted by Aaron Ross on Mon, 08/10/2009 - 12:44After an improved offer of £1.86 billion in shares and cash from Cowdery's Resolution investment vehicle, insurance group Friends Provident has agreed to re-enter talks for a prospective merger with Resolution.
Orange mobile broadband service for just £4.89 per month
Submitted by Amandeep Dhaliwal on Mon, 08/10/2009 - 10:46The telecom provider Orange has unveiled a low cost mobile broadband service that would provide consumers with "Orange Internet Everywhere" for just £4.89 per month. The new service would provide an allowance of 500MB per month plus speeds of up to 3.6Mbit are available with this deal.
Watch Perseid meteor showers on August 12/13-night
Submitted by Justin Sorkin on Mon, 08/10/2009 - 10:35If you are interested in celestial events then this week is going to be special for you as Tuesday night and Wednesday morning may provide annual Perseid meteor shower.
Earth will plunge into the old dust from Comet Swift-Tuttle sometime between 4 to 5 a. m. Wednesday.
Obama's healthcare facing opposition
Submitted by Dominic Haber on Mon, 08/10/2009 - 10:31Overhauling of United States' health care system has become a key concern for President Barack Obama as Republicans are getting more aggressive over the issue. In the "town hall" public meetings, Republicans blamed Democrats of making the good health-care harder to get.
Report: Google, Apple, unofficially agreed not to plunder each other's workers
Submitted by Amandeep Dhaliwal on Mon, 08/10/2009 - 08:12According to a recent TechCrunch report, before the Google CEO Eric Schmidt announced his decision to step down from Apple's board of directors, both Google and Apple had worked out an 'unwritten' agreement whereby they decided to avoid plundering each other's employees.
Nambu shuts down its URL shortening service Tr.im
Submitted by Amandeep Dhaliwal on Mon, 08/10/2009 - 07:57According to a Sunday statement by Nambu Networks, since the attempts to find a buyer for its URL shortening service Tr. im have fallen flat, the service is being shut down as its running is no longer cost-effective.
IMF revises upward South Korea GDP forecasts
Submitted by Medha Sood on Mon, 08/10/2009 - 07:25The International Monetary Fund has upgraded its economic forecast for South Korea, saying its gross domestic product would contract by 1.75% in 2009, better from its July forecast of 3%.
However, experts fear that South Korea would not be able to see the same momentum of economic growth shown in the first half of the year for the rest of 2009.
Impeached Illinois governor launches a Web site
Submitted by Sundeep Matharu on Mon, 08/10/2009 - 07:01Disgraced & displaced former governor of Illinois, Rod Blagojevich has launched a new Web site on Sunday with an intention to fight for common populace and to get feedback from them.
Rod Blagojevich launched www. Governorrod. com that would allow users to tell him what is on their minds.
Fed likely to keep key interest rate at record low
Submitted by Dominic Haber on Mon, 08/10/2009 - 06:25At the end of a two-day meeting by Federal Reserve policymakers last week, it was almost perceptible that the target range for the federal funds rate - which largely influence borrowing costs - would likely be kept between zero and 0.25 percent, with the objective of stimulating economic activity.
China says Rio Tinto’s spying cost it 700 billion yuan in unwarranted charges for iron ore
Submitted by Aaron Ross on Mon, 08/10/2009 - 06:20According to recent remarks made by the Chinese government in the magazine of the National Administration for the Protection of State Secrets, Australian mining giant Rio Tinto has been allegedly spying on China's steel industry for nearly six years, thereby costing the country 700 billion yuan ($102 billion) in unwarranted charges for iron ore.
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