US Federal Reserve prepares to take over AIG

Wednesday, September 17, 2008 The Federal Reserve took over American International Group (AIG) on Tuesday in an US$85 billion loan, in exchange for a 79.9% stake in the company. A press release issued Tuesday stated that “the Board determined that,…

Read More

UK Mobile Data Network Collapses

Wednesday, January 18, 2006 London, UK — The Vodafone GPRS (General Packet Radio Service) Mobile Data Network within the UK was off the air for several hours, but Vodafone staff were unable to supply any details as to how or…

Read More

APEC closes in Sydney

Sunday, September 9, 2007 APEC Australia 2007 has officially closed in Sydney, with Australian Prime Minister John Howard delivering APEC’s final declaration. The final leader’s declaration said that APEC member economies will support the Doha trade talks and that the…

Read More