Tue, 28/04/2009 - 20:03 by Inderjit Singh
Sydney, April 28-- Former Australian Davis Cupper Geoff Masters Tuesday supported Tennis Australia's (TA) decision not to send the team to India, while recalling how his team decided to play the tie in Madras in 1973 despite a death threat.
Masters said they were informed of a life threat issued by a group called 'Black September' two days before the start of the tie.
On their arrival at the team hotel after the practice in Madras, Masters remembers being greeted by captain Neale Fraser and a small but serious looking policeman.
"He (policeman) was introduced to us as the head of Interpol for Asia and told us that there had been a death threat issued against the team by a group known as Black September," Masters was quoted as saying in The Australian Tuesday.
Tue, 28/04/2009 - 20:01 by Inderjit Singh
Washington -- The U.S. space agency says its Swift satellite has found a gamma-ray burst from a star that died when the universe was only 630 million years old.
The National Aeronautics and Space Administration said the event occurred when the universe was less than 5 percent of its present age and is the most distant cosmic explosion ever seen.
"Swift was designed to catch these very distant bursts," said Swift lead scientist Neil Gehrels at NASA's Goddard Space Flight Center in Greenbelt, Md. "The incredible distance to this burst exceeded our greatest expectations -- it was a true blast from the past."
The 10-second-long gamma-ray burst was detected at 3:55 a.m. EDT Thursday.
Tue, 28/04/2009 - 19:58 by Inderjit Singh
New York -- U.S. markets fell early Tuesday amid general concerns over banks and home prices, which, a new report shows, fell further in February.
Tthe Standard & Poor's Case-Shiller Home Price Index, released Tuesday, fell 18.6 percent in February compared to a year ago, a small improvement over the 19 percent annual drop recorded in January.
In midmorning trading, the Dow Jones industrial average lost 48.19 points, or 0.6 percent, to 7,976.81. The Standard & Poor's 500 lost 0.62 percent, 5.30 points, to 852.21. The Nasdaq composite index shed 9.12 points, 0.54 percent, to 1,670.29.
The benchmark 10-year U.S. Treasury bond fell 1/32 to yield 2.925 percent.
Tue, 28/04/2009 - 19:48 by Inderjit Singh
Washington -- The U.S. Treasury Department is pushing to find a fix for Chrysler Financial, which is deemed a critical component of the third largest U.S. automaker.
A solution under consideration is the purchase of Chrysler Financial by GMAC, General Motors' financial firm, but finding support for the plan has been difficult, The Washington Post reported Tuesday.
The Federal Reserve would require a waiver to rescue a company that is not a bank, the Post said.
Saving the company "is vital to our success," said Dale Early, owner of Deerbrook Forest Chrysler and Jeep in Kingwood, Tex.
Both GMAC and Chrysler Financial have been weakened by the economic downturn.
Tue, 28/04/2009 - 19:46 by Inderjit Singh
Louisville -- Canadian-bred Square Eddie, a 35-1 long shot in early lines, was pulled from Saturday's Kentucky Derby due to a shin injury.
Trainer Doug O'Neill said the injury doesn't appear to be career-threatening but has been a concern for three months. A flare-up of the injury Tuesday led horse owner Paul Reddam to hold Square Eddie out of the derby.
"He's been adamant all along to err on the side of caution," O'Neill told The Courier-Journal newspaper in Louisville, Ky., of Reddam.
"The shin has been ice cold and sound and (Tuesday) he had a little heat in there. That's the first sign of some possible trouble."
Tue, 28/04/2009 - 19:27 by Inderjit Singh
Washington -- The U.S. Food and Drug Administration says it has issued emergency orders making diagnostic tools and certain drugs available to fight the swine flu outbreak.
The FDA said it initiated the emergency-use authorizations in response to requests from the U.S. Centers for Disease Control and Prevention for the use of certain Relenza and Tamiflu antiviral products, and for the rRT-PCR Swine Flu Panel diagnostic test.
The EUA authority allows the FDA to authorize the use of unapproved or uncleared medical products following a declaration of emergency, provided certain criteria are met, the agency said in a statement. "The authorization will end when the declaration of emergency is terminated or the authorization (is) revoked by the agency."
Tue, 28/04/2009 - 19:23 by Inderjit Singh
Chicago -- Famed novelist Ray Bradbury is unable to attend Columbia College's graduation ceremony in Chicago as planned due to health concerns, the college said.
Columbia spokeswoman Micki Leventhal told Chi-town Daily News.org that the 88-year-old science-fiction writer has, however, agreed to videotape a commencement speech to be played at one of the college's three graduation ceremonies next weekend.
Leventhal said Bradbury, an Illinois native, was scheduled to receive an honorary degree at the graduation, but isn't well enough to travel from his home in California for the ceremony.
Tue, 28/04/2009 - 19:20 by Inderjit Singh
Ottawa -- The Canadian Food Inspection Agency is warning against eating Piller's "Taste Better than Bacon" brands of smoked ham or turkey bacon due to a health risk.
The CFIA and Piller Sausages and Delicatessens Ltd. said the products might be contaminated with Listeria monocytogenes bacteria. The recalled products were distributed in Alberta, Ontario, Quebec and Newfoundland.
Food contaminated with Listeria monocytogenes may not look or smell spoiled, but consumption can result in listeriosis, a foodborne illness. Listeriosis can cause high fever, severe headache, neck stiffness and nausea. Pregnant women, the elderly and people with weakened immune systems are particularly at risk.
Tue, 28/04/2009 - 19:18 by Inderjit Singh
Auburn Hills -- A restructured Chrysler LLC could end up with the United Auto Workers owning 55 percent of the company, a source told The Washington Post.
The Post reported Tuesday that a deal between Chrysler and the UAW was forged over the weekend. Under the terms, the UAW would own a majority share in exchange for reduction of a portion of the company's $10 billion healthcare obligations set in a union contract for retirees.
Fiat of Italy would own up to 35 percent and bondholders would own 10 percent, the newspaper said.
Chrysler has until May 1 to lower its debt and reduce labor costs or risk losing a federal line of credit.
Chrysler has borrowed $4 billion from the government and is seeking an additional $6 billion.
Tue, 28/04/2009 - 19:15 by Inderjit Singh
New York -- European Central Bank President Jean-Claude Trichet says fundamentals and confidence are at the top of his priority list.
After completing talks in Washington at the International Monetary Fund, and with Group of 20 finance officials, Trichet told an audience in New York Monday:
"I have ... strongly stressed that the scarcest resource we have right now is confidence in the future. We are in uncharted waters, and there are still risks of a sudden emergence of unexpected financial turbulence."
Uncertain times, indeed.
Tue, 28/04/2009 - 17:26 by admin
OTTAWA, April 28 -- The chief of the Canadian Broadcasting Corp. says executives will still receive bonuses as the public broadcaster prepares to lay off 800 workers.
Speaking to a parliamentary committee in Ottawa, CBC President Hubert Lacroix said the bonuses were justified because the taxpayer-funded corporation's salaries were below industry standards, and it is "very difficult to keep our senior executives," Sun Media reported.
The CBC has 553 managers who were told this year bonuses were being scaled back 20 percent to 50 percent his year, Lacroix said. That amounted to savings of $4 million, but Lacroix wouldn't divulge how much would be spent on this year's bonus packages.
Tue, 28/04/2009 - 16:45 by Salinder Kumar
Washington, April 28: A revolutionary "photochromic" material developed by Japanese researchers changes colour instantaneously when exposed to light. The development could open the way to a wide range of new products including improved sunglasses, more powerful computers, dynamic holograms, and better medicines.
For years, researchers have explored the possibility of using these unusual materials for optical data storage in computers and as "molecular switches" for more controlled drug delivery.
Conventional photochromic materials, however, tend to be relatively slow-acting (tens of seconds to hours) and unstable, which prevents their use for many advanced applications, the scientists said.