Citigroup CEO Charles Prince is toast and is expected to quit at an emergency board meeting scheduled for Sunday, according to the Wall Street Journal (subscription required). And the word on the street is that Citi will report another big write-off and more losses. In more bad news for Citi, the Securities and Exchange Commission, which […]
Penthouse Pet of the Year (2003) and desi sex bomb Sunny Leone is set to wed her boyfriend Matt Erickson in March next year. Sunny’s Mr.Right is said be an executive with the adult movie business. Born in Sarnia, Ontario (Canada) to immigrant parents from India, the 26-year-old sizzler moved to sunny California in 1996. […]
Oh boy, oh boy. As Indian Prime Minister Manmohan Singh cozies up to the Bush Administration, his youngest daughter Amrit Singh blasts the same administration for borrowing methods from tyrannical regimes (and she is right). In her new book Administration of Torture, Manmohan Singh’s U.S-based daughter Amrit Singh plunges the dagger deep into the rotting […]
Internet darling Google’s shares surged past $700 for the first time on Wednesday barely a few weeks after the stock breached the $600 barrier. Defying commonsense, Google shares closed at $707 Wednesday giving the Internet search company a market capitalization of $220.7 billion. Consider this – Google’s market capitalization is now higher than that of […]
Social networking web sites seem to be the big rage in Internet-land with News Corp, Microsoft and Google all owing a piece of the action in this hot segment. Now media laggard HT Media, parent company of the Hindustan Times newspaper, has belatedly developed the social networking itch. The slow-moving HT Media says its subsidiary Firefly e-Ventures […]
On Monday, the Indian stock market sent a strong message of the economic vibrancy in the country to visiting U.S. Treasury Secretary Henry Paulson by driving the BSE Sensex to a record high of 20,000 points. The BSE Sensex is an index of 30 large and actively traded stocks on the Bombay Stock Exchange. After […]