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Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal

Monday, January 12, 2009 Byrraju Ramalinga Raju, founder and chairman of Satyam Computer Services, and his brother, B. Rama Raju, the company’s managing director, were arrested late Friday by Andhra Pradesh police. The brothers were placed under judicial custody in a Hyderabad, India jail and will remain there until January 23. Facing charges of criminal…

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Bat for Lashes plays the Bowery Ballroom: an Interview with Natasha Khan

Friday, September 28, 2007 Bat for Lashes is the doppelgänger band ego of one of the leading millennial lights in British music, Natasha Khan. Caroline Weeks, Abi Fry and Lizzy Carey comprise the aurora borealis that backs this haunting, shimmering zither and glockenspiel peacock, and the only complaint coming from the audience at the Bowery…

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News briefs:May 28, 2010

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Ford offers US$78 million for Romanian auto plant

Saturday, September 8, 2007 Ford Motor Company, the U.S. car maker, will reportedly pay €57 million (US$78 million) for a 72.4 percent stake in the Romanian assembly plant Automobile Craiova, a Romanian official said Friday. “The offer of Ford Motor Company for a 72.4 percent stake is €4.1556 per share or €57 million overall,” said…

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CEO of GM outlines plan for “New GM” after auto company declared bankruptcy

Thursday, June 4, 2009 In a New York press conference at 16:15 UTC, June 1st, Fritz Henderson, the Chief Executive Officer of General Motors, which filed for bankruptcy and Chapter 11 protection from its creditors earlier today, outlined a plan for what he called a “New GM”. Speaking to the press under safe harbor provisions…

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Fuel leak prompts 17,000-vehicle recall by Toyota

Sunday, June 27, 2010 Toyota announced on Friday that it will recall around 17,000 Lexus vehicles in response to risks of the fuel tank in the cars leaking after a collision. The Lexus HS 250h model was subjected to the recall following a US National Highway Traffic Safety Administration (NHTSA) investigation. Despite previously passing Toyota…

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US Nationwide Pollution Permit Restrictions Upheld

Wednesday, October 4, 2006 The US Army Corps of Engineers decision to place restrictions on issuance of nationwide pollution permits has been upheld by a federal court. In National Association of Home Builders v. Army Corps of Engineers, the District Court for the District of Columbia found that the Corps of Engineers had not acted…

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China loans Ethiopia US$349 million for construction of expressway

Tuesday, November 10, 2009 China has loaned Ethiopia US$349 million worth of funds for the construction of the the country’s first modern expressway, making Ethiopia among the first beneficiaries of the recently implemented China-Africa development funding plan. The road is to be close to 80 kilometres long, and will connect Nazaret (also called Adama), the…

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Pen-Ek Ratanaruang’s latest film makes Thailand premiere

Wednesday, June 6, 2007 Following a world premiere during the Director’s Fortnight at the Cannes Film Festival, the latest film by Thai auteur Pen-Ek Ratanaruang made its Thailand premiere on Tuesday night in a screening for the press and celebrities. Before the screening of the new film, Ploy, the director and his stars took the…

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