U.S. Secretary of State Hillary Clinton travels to the epicenter of Africa’s longest war Tuesday to try to help victims, especially those of sexual violence, of a regional conflict that’s dragged on more than a decade
Banking group HSBC has seen its pre-tax profits slump by 51 percent for the first six months of 2009, tumbling to $5 billion compared to $10.2 billion for the same period a year ago. Meanwhile, total operating income for the half-year fell six percent to $40.2 billion, from $42.9 billion a year ago.
Ericsson boss Carl-Henric Svanberg has been unveiled as energy giant BP’s new chairman, replacing Peter Sutherland. BP said Svanberg, who is Ericsson’s chief executive and also chairman of Sony Ericsson and a non-executive director of Melker Schörling AB, would join the board as chairman designate on September 1. He would take over fully from Sutherland on January 1 next year, ending his seven-year tenure at Ericsson
Boeing’s 787 Dreamliner airplane is facing yet another delay, the company announced Tuesday, this time saying it needed to reinforce a section of the aircraft before starting test flights. The 787 is a medium-size plane that is expected to become the backbone of airlines’ long-haul fleets, replacing the Boeing 767. Boeing has not set a new date for the airplane’s first flight, the company statement said
A 15-year-old girl with a 500-texts-a-day texting habit thumbed her way to the $50,000 grand prize at the L.G. National Texting Championship in New York on Tuesday. Over 250,000 participants of all ages entered the competition, whose championship rounds were held in New York on Monday and Tuesday
The average price per gallon of self-serve regular gasoline is $2.66, up 16.68 cents from two weeks ago, the Lundberg Survey found. The price, an average of thousands of gas stations nationwide, is $1.34 lower than a year ago.
As the troubled waters of the global economy continue to swirl, government and business leaders from the Middle East and around the world are gathering on the shores of the Dead Sea to chart a course out of the crisis. “We’re hoping to build from the momentum of Davos and the G-20 summit,” said Kevin Kelly, chief executive of Heidrick & Struggles and co-chairman of the World Economic Forum on the Middle East, a four-day event this week in Jordan
The apartment was a flurry of activity. Brother and sister Ren Qiang and Ren Yan were bursting with energy
On a recent episode of South Park, Mr. Marsh steals a particle accelerator magnet so his son Stan can win the Pinewood Derby.
British oil giant BP announced Tuesday that its profits for the first quarter of 2009 have fallen by 62 percent. In a statement on its Web site, BP said its replacement cost profit — an oil industry measure of profitability — was $2.4 billion, compared with $6.2 billion a year ago. The decline was blamed on falling oil prices, which have dropped to around $41 a barrel from July’s record high of $147 a barrel.