Mortgage Rate Nearer to 5%

WASHINGTON -- Home-mortgage rates fell again this week, remaining at three-month lows, with the average rate on 30-year, fixed-rate mortgages retreating closer to 5%, according to Freddie Mac's weekly survey.After yields on Treasurys rebounded from the multidecade lows they hit earlier this year, they have since retraced a bit -- taking mortgage rates with them.Freddie economist Frank Nothaft said the results, which showed the third consecutive week of declines in fixed mortgage rates, suggest this year may post a record annual low for the survey, which began in 1971.The 30-year fixed-rate mortgage...

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Shilpa going to be Dulhan soon! - 28.08.2009 News

The news has caught the headlines like a raging fire. Tall-slim beauty Shilpa Shetty is said to be tying the knot soon. The news is out that our diva will get married to the notable businessman Raj Kundra.Though the news was not confirmed from the actress side, it came through her father. Her father has been approached the passport officials, demanding his and his wife’s passport stating his daughter’s marriage as the reason. The marriage was said to be held in London at the end of this year. Shilpa’s...

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You can't help falling for Quick Gun Murugun - 28.08.2009

Movie : Quick Gun MurugunDirector : Shashanka GhoshCast : Rajendra Prasad, Vinay Pathak, Ranvir Shorey, Sandhya Mridul, Rambha, Ashwin MushranSonia Chopra - There are few characters that stand the test of time. Quick Gun Murugun was a character created in the mid-90s for Channel V, and the `unlikely superhero` was recently spoofed in Om Shanti Om. But would the makers manage creating a feature as funny as the promos, wondered the skeptic mind.Armed with two pistols, this orange pants-green shirt-pink...

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Nokia 5230 Review - 28.09.2009 News

Nokia 5230 is nothing but Nokia 5800 XpressMusic minus the Wi-Fi plus a 3.2 Megapixel autofocus camera with a fixed focus. All the other features of the Nokia 5230 are otherwise identical to Nokia 5800 XpressMusic – the same look and feels that 5230 is an elder sibling of 5800 XpressMusic.. The only exception is the white body and a backside with different colour panels.The Nokia 5230 runs on the Symbian S60 5th Edition with the presence of flip scrolling. The UI also supports kinetic scrolling...

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NetApp Delivers Cloud Infrastructure for Enterprises - 28.08.2009

NetApp has unveiled Data ONTAP 8 along with other technologies and solutions as cloud infrastructure foundation."Customer dynamics are changing as IT executives are tasked with doing more with less. The makeup of the datacenter is changing as companies choose to take advantage of applications, infrastructure, and platforms in the form of services. NetApp is providing enterprises with storage and data management solutions," said Rajesh Janey, President-Sales, India and SAARC, NetApp.Data ONTAP 8 will build on cloud capabilities with functionality for virtualized and shared infrastructure environments...

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China Unicom In Deal With Apple To Sell iPhone - 28.08.2009 News

HONG KONG (Dow Jones)--China Unicom Ltd. (CHU) clinched an exclusive deal to sell Apple Inc.'s (AAPL) iPhone in China, bringing the popular device to the world's largest mobile market in terms of subscribers.The country's second-largest mobile phone operator after China Mobile Ltd. (CHL) said it has signed a three-year agreement to purchase iPhones from Apple on a wholesale basis. The two companies' deal doesn't include revenue sharing.China Unicom hopes the iPhone will give it a long-sought competitive edge over its larger rival, China Mobile, allowing it to attract an elite customer base in...

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Hyundai plans to increase i20 export by 53% - 28.08.2009 News

Hyundai Motor India Ltd (HMIL) is planning to increase its i20 export by 53 per cent by penetrating into new export markets.The car manufacturer is planning to increase the export base to 42 non-European countries of its model i20. The model which was revealed at the Paris Motor Show in October 2008 was earlier being shipped to around 47 countries predominantly to European market and to countries in Middle East, Africa and Latin America.The car manufacturer aims to increase its export volumes and...

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Gas field validation independent; no deals with RIL: Mustang - 28.08.2009

Under criticism for its role in validating Mukesh Ambani-led RIL's $8.83 billion gas field costs, Mustang Engineering of the US today said it did an "independent" evaluation and had never approached the firm for any commercial deals. "Mustang's work for the KG-D6 Development (plan) was based on all available information and performed in an independent manner in October/November 2007," Woods Group - the parent firm of the engineering consultancy firm - said in an e-mailed statement from Houston."Wood Group has never received an approach from RIL for potential corporate transactions," the statement...

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Key 26/11 witness Nuruddin Shaikh goes missing - 28.08.2009

From Zee news Bureau :Mumbai: A key witness who deposed against Indian nationals Faheem and Sabauddin in the 26/11 case has gone missing, the prosecution told the special court on Friday.Nuruddin Mehboob Shaikh had yesterday, as a prosecution witness, highlighted the role of Sabahuddin and Ansari in the 26/11 Mumbai attacks conspiracy.The court had called the witness today for cross-examination at 11 AM but he failed to turn up.Special public prosecutor Ujjawal Nikam told the court that crime branch...

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28.08.2009 Online News Paper 24 - Top Stories

Kidnapped California Girl Found 18 Years Later - SAN FRANCISCO (Reuters) - A California girl who was kidnapped at the age of 11 in 1991 has been found alive, having spent 18 years living in sheds and tents behind the home of her accused abductor, a convicted rapist who fathered two children with her, police said on Thursday. Read MoreIndia Jinnah book ban challenged - A former leader of India's opposition Hindu nationalist Bharatiya Janata Party (BJP) has challenged the decision by an Indian state to ban his book. Read M...

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Kidnapped California Girl Found 18 Years Later - 28.08.2009

SAN FRANCISCO (Reuters) - A California girl who was kidnapped at the age of 11 in 1991 has been found alive, having spent 18 years living in sheds and tents behind the home of her accused abductor, a convicted rapist who fathered two children with her, police said on Thursday.Jaycee Dugard had been missing since she was snatched off a street by two people in a gray sedan while walking to a bus stop near her home in South Lake Tahoe, east of San Francisco, on June 10, 1991.Dugard, now 29, was found after a parole officer for her accused kidnapper became suspicious, leading to a search of his home...

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India Jinnah book ban challenged - 28.08.2009

Jaswant Singh praised Mr Jinnah in his bookA former leader of India's opposition Hindu nationalist Bharatiya Janata Party (BJP) has challenged the decision by an Indian state to ban his book.The BJP government in Gujarat banned Jaswant Singh's book on Pakistan's founder, Mohammed Ali Jinnah.Mr Singh has filed a case in the Supreme Court challenging the ban. He was expelled from the party last week.The state said it banned the book for "defamatory references" to India's first home minister Vallabhbhai...

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Should Kanye West Lie Low After Taylor Swift VMA Incident?

Whether what you've done is good or bad, when you've had not one, but two presidents of the United States speak about you in one week, you've had an iconic moment. For Kanye West, this week has seen his name in headlines from the most mainstream of media outlets to little-known blogs. Interrupting Taylor Swift's moment at this year's MTV Video Music Awards has earned West more than a few cross words. The backlash has been heavy from celebrities and fans alike. West hasn't made any excuses and has...

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First pics of Katherine Heigl, Josh Kelley with adopted daughter Naleigh

atherine Heigl and husband Josh Kelley have just released photos of their beautiful 10-month-old daughter Naleigh, adopted from South Korea. "Katherine, Josh and Naleigh are together and doing well," her rep Melissa Cates said in a statement. Naleigh is a special-needs child (no details on that) and was named for Heigl’s mother, Nancy, and her sister Margaret Leigh. Heigl and Kelley have been preparing for a baby since late last year, according to Us Weekly. About caring for special-needs baby,...

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'Bored to Death' gets one thing right: The title

Sure, you could make the easy pun on Bored to Death's name, but that would be as indolent, indulgent and humor-free as the show itself.Created by novelist Jonathan Ames, Bored stars Rushmore's Jason Schwartzman as a struggling novelist called — just to make the show a bit more precious — Jonathan Ames. Having been dumped by his girlfriend for drinking too much wine and smoking too much pot, Jonathan decides to shake up his life by offering his unlicensed services as a private eye.The amateur, somewhat...

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Avril Lavigne Confirms Split With Sum 41's Deryck Whibley

Deryck Whibley and Avril Lavigne After more than three years of marriage, Avril Lavigne and her husband, Sum 41 frontman Deryck Whibley, are separating, according to a message posted late Thursday (September 17) on Lavigne's MySpace page. "Deryck and I have been together for six-and-a-half years. We have been friends since I was 17, started dating when I was 19, and married when I was 21. I am grateful for our time together, and I am grateful and blessed for our remaining friendship," the message...

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Baby-sitter Stephanie Santoro admits to having affair with Jon ...

Jon Gosselin's tangled web of lies and affairs is becoming more complicated by the moment than that of Lindsay Lohan's. Despite the reality show dad insisting he has been faithful to his 22-year-old girlfriend, Hailey Glassman, a wrench in the form of his children's baby-sitter has been thrown into his complicated love life. Stephanie Santoro, the former waitress and single mom who was hired as the Gosselin family's baby-sitter, is now coming clean about their affair in a new interview with In...

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Ford, Granholm discuss plans for energy park

WIXOM, Mich. — Longtime environmental advocate and Ford Motor Co. Executive Chairman Bill Ford Jr. on Thursday formally announced a massive recycling project — a $725 million plan to retool a plant that once made Thunderbirds into one that churns out storage batteries and solar panels."We're recycling our Wixom facility and transforming it into what we believe is the largest renewable energy manufacturing park in the United States," Ford said from the factory floor of the former Wixom Assembly Plant, which closed in 2007 after 50 years.Ford joined Gov. Jennifer Granholm and officials from Xtreme...

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China protests against U.S. steel pipes tariffs

By Lucy Hornby and Chris BuckleyBEIJING (Reuters) - China's Ministry of Commerce on Thursday said a U.S. decision to impose preliminary duties on imports of Chinese-made steel pipes broke global trade rules, as it lobbies against an impending decision on tire shipments.The case is one of the biggest to move through the U.S. trade litigation system in recent years as President Barack Obama faces a September 17 deadline to decide whether to curb tire imports from China. That will indicate the administration's...

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Mack Steps Down as Morgan Stanley Chief After Shying From Risk

Mack Steps Down as Morgan Stanley Chief After Shying From Risk : Sept. 11 (Bloomberg) -- John Mack, who struggled to return Morgan Stanley to profitability after surviving the worst financial crisis since the Great Depression, will turn over his chief executive officer title to Co-President James Gorman.Mack, 64, will step down at the end of the year and remain chairman of the New York-based bank for at least two years, he said in an interview yesterday. Gorman, 51, will become CEO and Walid Chammah,...

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Mack Steps Down as Morgan Stanley Chief After Shying From Risk

Mack Steps Down as Morgan Stanley Chief After Shying From Risk : By Christine HarperSept. 11 (Bloomberg) -- John Mack, who struggled to return Morgan Stanley to profitability after surviving the worst financial crisis since the Great Depression, will turn over his chief executive officer title to Co-President James Gorman.Mack, 64, will step down at the end of the year and remain chairman of the New York-based bank for at least two years, he said in an interview yesterday. Gorman, 51, will become...

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Jessica Simpson's Coyote Nightmare: Common and Preventable

While the recent coyote attack on Jessica Simpson's maltipoo Daisy is devastating, unfortunately, it's a situation that's all too common. Ozzy Osbourne, Halle Berry and a host of other celebs have seen their pups snatched by the wolf-like animals, right from their own backyards."Los Angeles has had coyotes for a long time," Dr. John Hadidian, Director of Urban Wildlife Programs at the Humane Society of the United States tells PEOPLE Pets. "They have a more established population there."It's wise...

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Blockbuster CEO says financing should enable growth

LOS ANGELES (Reuters) - A round of capital-raising and refinancing has alleviated a cash-flow crunch at DVD rental chain Blockbuster Inc, enabling it to revive plans to reposition itself and get back on a path for growth, Chief Executive Jim Keyes said.Loss-making Blockbuster is trying to ramp up its stores, kiosk, digital and by-mail offerings to compete against fast-growing rivals like kiosk provider Coinstar Inc's Redbox and Internet rental site Netflix."The new financing will allow the company to make investments designed to grow the business," said Keyes."This provides a great amount of flexibility....

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Gold eases from 18-month high on profit taking

NEW YORK/LONDON (Reuters) - Gold closed lower on Thursday on profit-taking following an early rise to fresh 18-month highs, but dealers were confident the battered U.S. dollar would continue to underpin and further gold's advance."People got kind of tired pushing toward the highs. What I would add to that is the weakness in the stock market. After the Philadelphia Fed number had some disappointing components to it, stocks fell off their highs and gold peaked at the same time," said Tom Pawlicki,...

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Household Wealth Advances by 3.9%

For the first time in nearly two years, American households grew a little wealthier in the second quarter, but they have a long way to go to recover what they've lost in the downturn.Advances in stocks and home prices drove the gains, the Federal Reserve said in a report Thursday. In response to the recession, families also saved more and borrowed less, shedding some of the debt owed on their homes and credit cards.The central bank's quarterly flow of funds report, a broad snapshot of the assets and liabilities of U.S. households and businesses, showed that household net worth grew 3.9% to $53.1...

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EU Leaders Demand Bank Bonus Curbs Without Agreeing on Details

By Rainer Buergin and Gonzalo Vina Sept. 18 (Bloomberg) -- European Union leaders said the Group of 20 nations should agree on binding rules backed by national sanctions to curb bank bonuses, a week before a summit of the top industrial and emerging nations in Pittsburgh. The EU agreement on the need for action failed to include details of how such curbs would be achieved, leaving any details to be negotiated at the G-20 summit. Leaders of the 27 EU states said voters would react with anger if bankers were allowed to award themselves large bonuses...

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AMR Raises $2.6 Billion, and Its Shares Soar

AMR Corporation, the parent of American Airlines, said it had raised $2.9 billion in troubled credit markets and would shift to more profitable routes.Investors viewed the improved cash position and outlook for growth positively, sending the company’s shares soaring nearly 20 percent to $8.80 on the New York Stock Exchange.In a letter to employees, Gerard J. Arpey, AMR’s chief executive, said the company’s ability to raise money in troubled capital markets was a vote of confidence from lenders....

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