United States

US stocks improve slightly, overshadowing poor jobs, housing report

US stocks improve slightly, overshadowing poor jobs, housing report Washington - US stocks edged higher on Friday thanks to gains in the financial sector, upstaging a rise in monthly unemployment and a record rate of home foreclosures.

Shares of investment bank Lehman Brothers Holdings Inc improved nearly 7 per cent on reports it may sell some of its assets in order to raise capital. Financial shares improved overall amid speculation the Federal Reserve would hold off raising rates at its next meeting.

It would be a shame if nuke deal slips through, says US based analyst

United States, India, NSGWashington, Sept 5 : A United States based analyst has said that it would be a shame if the India-US civil nuclear deal slips through after coming so close in hand.

Deepa Ollapally, Associate Director of Sigur Centre for Asian Studies, Georgetown University, Elliot School said it would be very difficult to re-engineer something like this in future, if the deal does not come through now.

NSG welcomes Pranab’s statement: US office

Pranab MukherjeeVienna, Sep 5 : India''s statement has given a new momentum to the Nuclear Suppliers'' Group (NSG) meeting being held at Vienna, said US sources.

As per the US Arms Control Office, the NSG has welcomed External Affairs Minister Pranab Mukherjee''s statement.

Seeking to allay apprehensions of certain NSG countries, India on Friday said it is committed to the strengthening of the non-proliferation regime and underlined the policy of no-first-use of nuclear weapons.

CEOs hired from outside firms more likely to be dismissed

Washington, June 4 : A new study has revealed that CEOs hired from outside are more likely to be dismissed because Boards of Directors commonly make mistakes during their appointments.

For example, during CEO selection, the board of directors of the hiring firm knows less than the candidates regarding the person’s true competencies.

As a result, it is possible that the board makes a faulty hire and then dismisses the CEO shortly after the succession.

For the study, lead researcher Yan Zhang, associate professor of management, examined 204 company leaders from 1993 to 1998, out of which 55 left their job within three years.

Obama to use Democrat female leaders to undercut Republican rivals

Barack Obama FansNew York, Sep 5 : Democratic presidential candidate Barack Obama will increasingly lean on prominent party women leaders to undercut Republican rival John McCain and his running mate Sarah Palin.

The Obama campaign is dispatching Senator Hillary Rodham Clinton to Florida on Monday and is creating a rapid-response team to deploy female surrogates to battleground states, The New York Times reported.

US must stop imposing its will on other nations: Kissinger

Henry KissingerSt. Paul (Minnesota), Sept. 5 : Former U. S. Secretary of State, Henry Kissinger, 85, has said that it is high time that the United States stop behaving as the only super power in a unipolar world, and try to impose its will on other countries.

“As a nation we have to understand our reach, but also our limits,” Kissinger told a packed audience of delegates and others at the Hubert H. Humphrey Institute of Public Affairs at the University of Minnesota.

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