Archive for March 10th, 2008

Strike puts GM truck production in limbo

Monday, March 10th, 2008

General Motors Corp is losing almost a third of its daily United States and Canadian vehicle production as parts shortages caused by an 11-day supplier strike shut down more of the auto maker's manufacturing network. GM is building ...

FBI investigates top U.S. home-loan firm

Monday, March 10th, 2008

Countrywide Financial Corp, the largest United States mortgage lender, is under scrutiny by the Federal Bureau of Investigation for possible securities fraud, according to a source. Citing an anonymous insider, Bloomberg News report ...

U.S. housing bubble could last longer as Baby Boomers retire

Monday, March 10th, 2008

Researchers predicted that the current housing downturn in the United States could last as long as 20 years as Baby Boomers retire, downsize and wind up their lives, according to a report Sunday. The 78 million Boomers in the countr ...

World Bank to aid $225 mln to Bihar state of India

Monday, March 10th, 2008

World Bank has decided to give 8.77 billion rupees or 225 million U.S. dollars of its development policy loan to Indian northeast state Bihar, the state officials said Sunday. Bihar's Deputy Chief Minister S K Modi said that four bi ...

Singapore to increase share of world furniture market

Monday, March 10th, 2008

Singapore's share of world furniture export market is expected to increase to 2 percent by 2015 from the present 0.7 percent, a Singapore government minister said on Sunday. The outlook for Singapore's furniture industry is clearly ...

Army spokeswoman: Israel lifts closure on West Bank

Monday, March 10th, 2008

The closure imposed on the West Bank following last Thursday's shooting incident in Jerusalem was lifted on Sunday evening, an Israeli army spokeswoman confirmed to Xinhua on Monday morning. Meanwhile, the Israeli police continues ...

Bombings in Baghdad kill civilian, wound 9

Monday, March 10th, 2008

A civilian was killed and nine others wounded in three bomb attacks in the Iraqi capital on Monday, an interior Ministry source said. A KIA truck bomb parked near a mosque in the Shiite dominantly neighborhood of Shaab in northeast ...

Israel arrests 30 Palestinians in West Bank incursion

Monday, March 10th, 2008

Israeli troops arrested 30 Palestinians in the West Bank, mostly in the town of Nablus, during an overnight incursion, local sources and witnesses said on Monday. In Nablus and its refugee camps, Israel arrested 29 Palestinians who ...