COVINA, Calif. – The Los Angeles County Coroner’s office says eight bodies have been found in the rubble of a home set ablaze after a Christmas Eve shooting massacre. Investigators ended their search Thursday night for other possible …

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The country’s second largest realty firm, Unitech, has reduced its workforce by about 10 per cent, out of a total of 1,700 employees, as part of its cost-cutting measures. Besides downsizing employees strength over the last 4-5 months, …

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The top-level security meeting held by Prime Minister Manmohan Singh last Saturday (December 20) was actually a meeting of Nuclear Command Authority (NCA). The meeting,  which coincided with the first strong sign of Islamabad backtracking on its promise to crack down on the masterminds …

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MUMBAI: Country’s largest insurer Life Insurance corporation of India has increased its stake in HDFC Bank to over five per cent following acquisition of shares from the open market. LIC purchased 1.6 lakh shares from the open market hiking its stake in the company to 5.01 per ce…

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Bad economic news eats away at the value of crude as consumers, businesses slash energy use Oil prices dipped below $38 a barrel Tuesday on fresh evidence of weakness in the U.S. housing market and a shrinking gross domestic product that suggests the recession may be worsening. A repor…

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Daryl Guppy, Founder and Director, guppytraders.com, said he would be taking profits now and would go short on the Nifty and Sensex. “The weakness that is developing at the moment suggests that we are looking at downside targets of around 2,000 for the Nifty”. …

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The Japanese auto giant forecast its first operating loss in 70 years on Monday, more fallout from the severe slump in vehicle sales that has nearly claimed two Detroit automakers and raised questions over when the U.S. market, Toyota’s largest, will hit bottom. …

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As the meltdown in the economy gains steam, investors in 2009 will need to return to the basics of investing such as diversification and risk management, said Pimco co-CEO Mohamed El-Erian. Even though those same principles did not serve investors well in 2008, the coming year will …

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New Delhi: Crude oil prices are likely to remain at between $45-60 per barrel in 2009 as recessionary trends across the world have reduced demand, five analysts tracking the sector said. …

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Prime Minister Manmohan Singh on Friday said that while the world’s response to many global challenges have remained national or regional. “The response of the developed countries to the challenges of our times, be it financial crisis or climate change or terrorism, shows that…

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