• Phelps needs months with London Olympics decision

    Phelps needs months with London Olympics decision

    10/02/2009 05:00

    Michael Phelps, the 14-time Olympic gold medallist who plunged into consumption of marijuana recently, said he needs months to decide if he’s going to take part in the London Olympics in 2012. U.S. Olympic swimmer Michael Phelps listens to a...

  • U.S. Senate approves massive stimulus package

    U.S. Senate approves massive stimulus package

    10/02/2009 05:00

    U.S. Senate Tuesday approved President Barack Obama’s massive stimulus package, which was designed to revive the sagging American economy. U.S. Treasury Secretary Timothy Geithner speaks at a press conference in Washington , the United States...

  • Preliminary results: Israel’s Kadima wins most seats in parliamentary election

    Preliminary results: Israel’s Kadima wins most seats in parliamentary election

    10/02/2009 05:00

    Preliminary results showed Wednesday that Israeli Foreign Minister Tzipi Livni’s Kadima party won most seats in the parliament. Israeli Foreign Minister Tzipi Livni waves to supporters. Livni’s Kadima party won a razor-thin victory in the...

  • Former French prime minister sends signal to mend ties

    Former French prime minister sends signal to mend ties

    10/02/2009 05:00

    A former French Prime Minister said here Tuesday that France values relations with China and does not intend to infringe upon China’s major core concerns. Chinese Premier Wen Jiabao (R) shakes hands with former French Prime Minister Jean-Pierre...

  • GM to cut 10,000 salaried jobs globally

    GM to cut 10,000 salaried jobs globally

    10/02/2009 05:00

    General Motors Corp. (GM) will cut 10,000 salaried jobs worldwide, or 14 percent of its work force this year due to a drop in global vehicle sales, according to U.S. media reports Wednesday. A potential customer looks at a 2009 Chevrolet Impala...

  • Asian stimulus plans risk hurting corporate borrowers, ADB says

    10/02/2009 05:00

    Private companies in Asia risk being crowded out of debt markets this year as governments in the region boost bond sales to fund economic stimulus measures, according to the Asian Development Bank (ADB). “Companies will face multiple...

  • At least 4 killed, 60 injured in stampede in S Korea

    At least 4 killed, 60 injured in stampede in S Korea

    09/02/2009 05:00

    At least four people have been killed, with 60 others injured, so far in a mountaintop stampede accident in southeastern South Korea, South Korean Police said Tuesday morning. The injured were receiving treatment at hospital. At least four were...

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