The Earth Times Online Newspaper

Russia denies reports it will send bombers to Cuba

Thu, 24 Jul 2008 17:26:03 GMT

Moscow - Russia's defence ministry on Thursday denied reports that it was considering basing nuclear-armed bombers in Cuba to warn against US plans to base a missile defense shield in Europe, Russian news agencies reported. We regard these kinds of ...

Microsoft to expand Facebook ad pact: source

Thu, 24 Jul 2008 17:25:00 GMT

SAN FRANCISCO (Reuters) - Microsoft Corp will announce plans to expand its relationship with online social network Facebook to provide web search and search advertising, a source familiar with the matter said on Thursday.

Dow Chemical Q2 falling off with high costs

Thu, 24 Jul 2008 17:19:02 GMT

Washington - US chemical concern Dow Chemical Company reported Thursday that it continues to suffer in view of rising costs from sinking profits. Although price increases for its products earned the largest US chemical company 762 million dollars in ...

Microsoft CEO defends need for big Web investments

Thu, 24 Jul 2008 17:11:00 GMT

REDMOND, Washington (Reuters) - Microsoft Corp Chief Executive Steve Ballmer on Thursday defended the company's need to make steep investments in its Internet business in order to compete with Google Inc and said such moves could boost its value in time.

Boy bites pit bull in Brazil

Thu, 24 Jul 2008 17:06:02 GMT

Rio de Janeiro - An 11-year-old boy in Brazil bit a pit bull that had attacked him causing the animal to flee, local media reported Thursday. The boy, Gabriel da Silva, was attacked in the family's garden by their dog, Tita, on Tuesday, but fought ba...

Libya cuts oil supplies to Switzerland over Gaddafi's son's arrest

Thu, 24 Jul 2008 17:06:02 GMT

Tripoli - Libya has halted all of its fuel supplies to Switzerland and barred Swiss ships from its ports in a protest against last week's detention of the son of the Libyan leader Moamer Gaddafi in Geneva, media reports said Thursday. Supplies affect...

Los Angeles sues Wall St banks, bond insurers

Thu, 24 Jul 2008 16:50:01 GMT

CHICAGO (Reuters) - The city of Los Angeles sued more than 30 municipal bond insurers and Wall Street investment banks, accusing them of fraud and antitrust that it said cost taxpayers millions of dollars.

EXTRA: Russia denies reports it will send bombers to Cuba

Thu, 24 Jul 2008 16:47:03 GMT

Serb nationalists again clash with police over Karadzic arrest

Thu, 24 Jul 2008 16:47:03 GMT

Belgrade - Several hundred Serb nationalists protesting the arrest of Bosnian war crimes suspect Radovan Karadzic clashed for a third successive evening with police in downtown Belgrade Thursday, news reports said. They threw bottles, rocks and firew...

Ukraine President accuses former advisor of helping poison him

Thu, 24 Jul 2008 16:40:02 GMT

Kiev - Ukrainian President Viktor Yushchenko on Thursday accused a former close advisor of complicity in a plot to kill him by poisoning. David Zhvania, a key figure in Ukraine's 2004 pro-democracy Orange Revolution, had been personally involved in a...

Dolly dumps rain along US, Mexican border

Thu, 24 Jul 2008 16:40:02 GMT

Washington/Mexico City - Forecasters warned of widespread flooding along the US-Mexican border on Thursday as the weakened Tropical Storm Dolly continued to dump rain inland. Dolly, which struck as a category two hurricane near South Padre Island, Te...

International stock market quotations

Thu, 24 Jul 2008 16:40:02 GMT

Frankfurt - The following index quotations were noted on the world's major stock markets:...

UN acknowledges foreign exchange loss in Myanmar relief - Summary

Thu, 24 Jul 2008 16:33:03 GMT

Yangon - United Nations humanitarian chief John Holmes acknowledged Thursday that the international community's relief effort for the victims of Cyclone Nargis in Myanmar was losing millions of dollars to the regime's foreign exchange controls. This...

Frankfurt Sotck Exchange quotations

Thu, 24 Jul 2008 16:33:03 GMT

DAX6,440.70 (- 95.39) MDAX 8,309.39 (-256.82) Adidas39.15 (-0.02) Allianz114.39 (-1.86) BASF41.35 (-0.78) Bayer 53.99 (-0.12) BMW 30.48 (-1.39) Commerzbank 22.14 (-0.26) Continental 72.78 (+0.21) Daimler 38.47 (-4.09) Deutsche Bank 60.20 (-0.20) Deu...

Senate considers massive housing bill as home sales hit 10-year low

Thu, 24 Jul 2008 16:33:03 GMT

Washington - Monthly sales of existing homes dropped to their lowest level in 10 years in June as the Senate on Thursday considered a major rescue plan to shore up prices and help hundreds of thousands of homeowners still threatened with foreclosure....

Senate due to back housing bill, GSE shares slide

Thu, 24 Jul 2008 16:27:09 GMT

WASHINGTON (Reuters) - The U.S. Senate is due to vote finally on Saturday to approve a major housing market rescue bill, including federal financial assistance for Fannie Mae and Freddie Mac , the mortgage titans whose shares fell again in early Thursday trading.

Taiwan welcomes China's use of Chinese-Taipei in Olympics - Summary

Thu, 24 Jul 2008 16:26:02 GMT

Taipei - Taiwan on Thursday welcomed China's decision to allow the designation Chinese-Taipei for the Taiwan team participating in the Beijing Olympics, calling it a goodwill gesture from Beijing. Taiwan's ruling party KMT made the rearms in respon...

XM-Sirius deal clears FCC hurdle

Thu, 24 Jul 2008 16:16:15 GMT

WASHINGTON (Reuters) - U.S. regulators reached an agreement to conditionally approve Sirius Satellite Radio Inc's purchase of XM Satellite Radio Holdings Inc as the companies said they would pay millions of dollars to settle allegations of past rule violations.

New York sues UBS, alleges auction-rate fraud

Thu, 24 Jul 2008 15:59:01 GMT

NEW YORK (Reuters) - New York Attorney General Andrew Cuomo filed a civil lawsuit on Thursday against UBS AG , accusing the Swiss bank of steering customers into auction-rate securities that this year became impossible to cash out of amid the credit crunch.

IOC confirms Iraq's Olympic ban but there is still hope - Summary

Thu, 24 Jul 2008 15:51:01 GMT

Baghdad - The International Olympic Committee (IOC) has confirmed the ban on Iraq sending a team to next month's Olympic Games in Beijing but said Thursday that there is still hope that athletes from the country could still compete. Seven athletes ha...