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Facebook users revolt against site's redesign

Facebook users revolt against site's redesign San Francisco - More than 1.7 million Facebook users have joined a protest against another redesign of the popular social networking site, in one of the biggest consumer revolts seen in the online world.

As of midday Monday, the Facebook group called Petition Against the New Facebook had 1,727,394 disgruntled members, while a Facebook- sponsored poll on the redesign had received more than 1.2 million votes, with just 75,000 approving the new look.

Tiffany profits tumble 76 per cent, shares climb

Tiffany profits tumble 76 per cent, shares climb New York  - Tiffany & Co, the world's second-largest retailer of luxury jewelry, on Monday reported lower fourth-quarter profits that beat analysts' expectations, sending its shares up 15 per cent.

To deal with lower sales in these tough economic times, the company said that it cut costs and jobs, but did not cut prices.

Net income dropped 76 per cent to 31.1 million dollars, while revenue fell 20 per cent to 841.2 million dollars in the three months ended January 31.

Overloading suspected in Montana air crash that killed 14

Overloading suspected in Montana air crash that killed 14Washington  - Investigators suspect that overloading might have caused the crash of a small passenger plane that killed 14 people, including seven children Sunday, broadcaster ABC reported Monday.

But because the single engine Pilatus PC-12 was not required to carry a black box recording device, it may be difficult to ascertain the exact cause of the deadly disaster.

Mt Redoubt volcano erupts in Alaska

Alaska VolcanoSan Francisco  - The Mt Redoubt volcano in Alaska erupted for the first time since 1989 sending a huge plume of ash over the Arctic region, the Alaska Volcano Observatory said Monday.

Geologist Tina Neal said that five separate eruptions began late Sunday night with each lasting 10 to 20 minutes. The plume reached an altitude of more than 20,000 metres, but was drifting north, away from the city of Anchorage about 160 kilometres to the southwest. However, it forced the cancellation of at least 19 Alaska Airlines flights.

Discovery astronauts begin third and final spacewalk

Discovery astronauts begin third and final spacewalk Washington  - Two Discovery space shuttle astronauts began their third spacewalk Monday to complete maintenance work on the International Space Station.

During the planned six-and-a-half hour spacewalk, astronauts Joseph Acaba and Richard Arnold were to reposition an equipment cart, complete the deployment of an external cargo mounting mechanism, lubricate the space station's robotic arm and reconfigure some cables that power the station's gyroscopes.

This is the second spacewalk for both Acaba and Arnold and the final one of the current mission.

Geithner unveils details of trillion-dollar toxic-asset rescue bid

Geithner unveils details of trillion-dollar toxic-asset rescue bidWashington - US Treasury Secretary Timothy Geithner on Monday said he would use a combination of private and public funds to remove up to 1 trillion dollars in toxic mortgage assets off the balance sheets of US banks, in the government's latest bid to end the financial crisis.

The new effort will include up to 100 billion dollars in government funds, Geithner said as he unveiled the much-anticipated details of a new programme that has been developed over the last month.

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