Embattled financial services giant Citigroup is expected to take another mega write-down of $8 billion-$11 billion on top of the $5.9 billion write-down the bank took in early October, according to reports coming out of New York City. The huge write-down is necessary in view of the falling value of sub-prime mortgage securities held by […]
Penthouse Pet of the Year (2003) and desi sex bomb Sunny Leone is set to wed her boyfriend Matt Erickson in March next year. Sunny’s Mr.Right is said be an executive with the adult movie business. Born in Sarnia, Ontario (Canada) to immigrant parents from India, the 26-year-old sizzler moved to sunny California in 1996. […]
Internet darling Google’s shares surged past $700 for the first time on Wednesday barely a few weeks after the stock breached the $600 barrier. Defying commonsense, Google shares closed at $707 Wednesday giving the Internet search company a market capitalization of $220.7 billion. Consider this – Google’s market capitalization is now higher than that of […]
The trial of Mahender Muralidhar Sabhnani and his wife Varsha Mahender Sabhnani charged with enslaving and abusing two Indonesian women servants opened in a Federal Court in Long Island on Monday. Mahender Sabhnani, 51, and Varsha Sabhnani, 45, residents of the wealthy enclave of Muttontown in Long Island have pleaded not guilty to a 12-count federal […]
Social networking web sites seem to be the big rage in Internet-land with News Corp, Microsoft and Google all owing a piece of the action in this hot segment. Now media laggard HT Media, parent company of the Hindustan Times newspaper, has belatedly developed the social networking itch. The slow-moving HT Media says its subsidiary Firefly e-Ventures […]
Senior U.S. officials are quietly pressuring India to sign the nuclear deal that Prime Minister Manmohan Singh has put on the backburner because of domestic political compulsions. After all, at stake for the American companies like GE and Westinghouse are multi-billion dollar contracts. U.S. Treasury Secretary Henry Paulson, the Chief Spokesman for big American businesses, […]