Lynched

  • Economy in dire straits, Bush's weekend plans intact September 29, 2008

    Washington: Despite all the criticism, President Bush has been strongly defending the bailout plan. However, one look at the President's weekend schedule and you wouldn't even know there was a crisis in the country. ...
  • Bush admin wins bailout battle as Cong clears bill September 29, 2008

    Washington: Lawmakers reached a politically tricky deal on Sunday on a sweeping $700 billion US dollar bailout for the financial industry, paving the way for enactment of the most significant government intervention in markets since the Great Depression. The rescue plan, a bitter pill for lawmakers and presidential candidates in both...
  • US bailout plan: Bush confident of a solution September 27, 2008

    New Delhi: While Wall Street burns, Americans looked upon their leaders to save the country's financial system. But after six days of intensive talks, the $700 billion bailout debate is still caught in politics and Washington Mutual's assets sold to JP Morgan Chase in America's biggest bank failure in history. US Republican...
  • Nath seeks to soothe tempers on CEO's killing September 24, 2008

    New Delhi: Condemning the killing of a CEO in Greater Noida on Monday, the Centre on Wednesday said legal course would be followed to bring culprits to book and the incident would not be allowed to mar India's position as an investment destination. "This terrible incident is very unfortunate and we...
  • Angry India Inc, Cong force Oscar to say sorry September 24, 2008

    New Delhi: Two days after Italian firm Graziano’s Chief Executive Officer (CEO) was bludgeoned to death by ex-factory workers, Union Labour Minister Oscar Fernandes apologised for his statements in defence of the workers. Fernandes had said that the incident should “serve as a warning for the managements. It is my appeal...
  • Tough sell as US Fed tries marketing the big bailout September 24, 2008

    Washington: It was a dramatic day for lawmakers on Capitol Hill, as they debated the massive Wall Street bailout plan. The US Treasury Secretary and Federal Reserve Chairman desperately tried to convince the US Congress to quickly approve the plan, or risk economic disaster. It was the first public grilling...
  • US economy: taxpayers say no bailout on Wall Street September 23, 2008

    Washington: Washington's proposed bailout for Wall Street is sparking anger across the country. Many taxpayers say the problem is a result of Wall Street's recklessness. A number of taxpayers interviewed by CNN said that they are not ready to dole out their hard earned money for the bailout. “This is exactly not...
  • Sacked employees vent their ire on CEO, lynch him September 23, 2008

    Noida: In Greater Noida on Monday, the Chief Executive Officer (CEO) of Graziano Trasmissioni - a company making car parts - was beaten to death. The company's CEO LK Chowdhury was mercilessly beaten to death by over 250 former employees, who were protesting their termination. Eyewitnesses say things got out of...
  • Watch: What the historic takeover of AIG means September 19, 2008

    New York: The historic, $85-billion government rescue of insurance giant AIG is supposed to avoid a financial meltdown. But for the average American, Uncle Sam's lifeline to the nation's biggest insurance company has so far failed to bring financial stability. ...
  • Are US' bailout efforts enough for Wall Street? September 19, 2008

    New York: With Wall Street wailing, the US government stepped in with a rescue act but is it enough to get the markets back on solid ground? ...
  • India Inc can brave US economic storm: Chidambaram September 19, 2008

    New Delhi: Global financial power houses are falling apart. Lehman Brothers is bankrupt, Merrill Lynch has been sold, AIG is nationalised and Morgan Stanley could end up being a Chinese entity. There are concerns in the Indian market about the 'Lehman effect'. Investors fear that it could cascade...
  • Seasoned traders advise caution in the market September 17, 2008

    New York: Just months ago, few might have believed that a financial giant like Lehman Brothers would be gone. Amid the economic turmoil seasoned traders say right now it pays to be cautious in the market. ...
  • US govt may bail AIG out | AIG under India scrutiny September 17, 2008

    New Delhi: The US Federal Reserve may have plans to bail out AIG, but it has decided not to lower key lending rates. The central bank held onto its base lending rate of 2 per cent, saying the economy is expected to achieve moderate growth - despite the current financial...
  • US stocks rebound after wild trading day September 17, 2008

    New York/Washington: US stocks made strong gains after a wild day of trading on Tuesday, pulling back from the worst day on Wall Street since the September 2001 terrorist attacks. The Dow Jones Industrial Average rose 1.3 per cent, largely on investors' hopes that the government would come to the rescue...
  • FTN: US bubble bursts with Lehman collapse September 17, 2008

    In just 24 hours, two of the biggest names in the world's financial market, Lehman Brothers and Merrill Lynch, collapsed. And even though Barclays came in with an offer to buy the good part of Lehman, there is no denying that there is a financial crisis in the US —...
  • RBI asks Lehman not to operate without approval September 17, 2008

    Mumbai: The Reserve Bank of India (RBI) announced late on Tuesday evening that it has asked Lehman Brothers' Indian primary dealership and non-banking financial arm not to undertake any transactions in India and abroad without prior approval. According to a statement issued by RBI, it has directed Lehman Brothers Fixed Income...
  • Lehman bankrupt, B-schools get the blues | Pics: World reacts September 17, 2008

    New Delhi: It was celebration time for management students at the Indian School of Business (ISB) when the institution was ranked twentieth in the list of 100 Best Global Business Schools in January 2008. But with the news of Lehman Brothers’ collapse, the party soon ran out of steam. The investment bank...
  • Lehman's bankruptcy makes B-school students jittery September 16, 2008

    New Delhi: At the Indian School of Business, 15 per cent of last year's class had offers from financial services companies. Lehman Brothers was one of the largest recruiter in the past. ISB is planning to extend Day Zero to Week Zero. This is to enable international firms to be among...
  • Analysts hopeful of more capital flow into US markets September 16, 2008

    New York: The collapse of Lehman Brothers and Merrill Lynch's acquisition by Bank of America has come as a big jolt to global economy. Even as America was bracing for hurricanes in the south, it took a direct hit up north on Wall Street, with the collapse of Lehman Brothers and...
  • Lehman failure part of a restructuring: IMF official September 16, 2008

    Washington: The bankruptcy of Lehman Brothers and sale of Merrill Lynch is part of a restructuring and consolidation of the US financial sector, the International Monetary Fund's No. 2 official said on Monday. "This is a necessary condition for restoring the sector's effectiveness," IMF First Deputy Managing Director John Lipsky said. But...
  • India Inc feels the tremor as Lehman goes bust September 16, 2008

    New Delhi: Lehman Brothers Holdings Inc. (LBHI) bankruptcy and Merrill Lynch's acquisition by Bank of America will have a huge impact on India as both companies have a strong Indian connection. Lehman Brothers currently employs about 2,500 people in India and most of them are likely to lose their jobs. Merrill...
  • US stocks close with biggest fall since 9/11 September 16, 2008

    New York: As Lehman Brothers Holdings Inc.'s bankruptcy and declining commodities increased speculation that credit-market losses and the economic slowdown will worsen, U.S. stocks tumbled. The US stocks plunged to new bear-market lows overnight and the Dow Jones Industrial Average had its biggest point-decline in recent times. The Standard & Poor's 500...
  • Lehman Bros' bankruptcy could hit Indian IT cos September 16, 2008

    Mumbai: Lehman Brothers has filed for Chapter 11 bankruptcy after Barclays and Bank of America abandoned talks to buy the company. Following the news, the Indian IT space felt a fair bit of pressure. With Lehman Brothers filing for bankruptcy and Bank of America taking over Merrill Lynch there is...
  • Bank of America agrees to buy Merrill Lynch September 15, 2008

    New York: Bank of America Corp said early Monday it would acquire Merrill Lynch & Co., Inc. in an all-stock transaction worth about $50 billion that should lift the uncertainty shrouding Merrill since the start of the credit crisis over a year ago. Charlotte, North Carolina-based Bank of America has the...
  • Mob kills man for stealing cow from upper-caste man March 28, 2008

    New Delhi: A man belonging to a lower caste was beaten to death by a mob on the suspicion of stealing a cow in a case of caste violence in Bihar. The victim, identified as Bharat Dom, was lynched on Tuesday in Chhapra town, 60 kilometres north-west of the state...
  • Villagers catch 'witch', beat up and parade her March 28, 2008

    New Delhi: In yet another incident of mob justice in Bihar, residents of a village in Patna mercilessly beat up a woman accusing her of being possessed and practicing witchcraft. The woman had reportedly gone to the village on Thursday to collect her baggage that she had left a week ago...
  • Drunk man shoots child by mistake, lynched by mob March 3, 2008

    Munger: A drunken man was lynched by locals after he shot dead a child in Bihar's Munger district, police said on Monday. Chetan Soren, 30, who had come to visit his in-laws at tribal dominated Shampur-Sautari village, got drunk on Sunday evening and began firing shots at random. One of the...
  • Mob stones murder accused in Bihar as cops look on February 23, 2008

    New Delhi: In yet another incident of mob justice in Bihar, a man accused of murder was stoned and nearly beaten to death by a mob in Hajipur, in Vaishali district. The victim, Ravi Kumar, was dragged away from police custody and brutally assaulted while policemen at the scene remained mute...
  • Congress leader lynched at poll meet near Nagpur February 8, 2008

    Nagpur: A local Congress leader allegedly involved in the murder of a Shiv Sena worker was stripped and beaten to death in a Maharashtra village at a political meeting held in the run-up to a district council by-election. Dnyaneshwar Sathwane, a former vice president of the Nagpur district council, was lynched...
  • National Wipes: What's making news today December 10, 2007

    Jammu and Kashmir Chief Minister Ghulam Nabi Azad is expanding his cabinet on Monday. Former state deputy CM and PDP leader Muzaffar Hussain Beig is likely to be sworn in again. Beig had to demit office in 2006 after he fell out with the top PDP leadership. ...