Uncategorized

Kmart to buy Sears for US$11 billion

Wednesday, November 17, 2004 Discount retailer Kmart Corp. announced Wednesday morning it will buy department store operator Sears, Roebuck & Co.. The deal is to cost $11.5bn and will lead to the creation of the third-largest U.S. retailer, after Wal-Mart and Home Depot, and replacing Target at number three. The new company, which is to…

Uncategorized

Dubai World to receive $9.5 billion in government aid

Thursday, March 25, 2010 The government of Dubai announced that it intends to provide $9.5 billion to Dubai World to allow the government-owned investment company to restructure its debt. The announcement comes as part of Dubai World’s plan to restructure more than $23 billion of debt, including converting nearly $9 billion of debt into equity,…

Uncategorized

New search engine to search inside Wikipedia

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation. Thursday, January 18, 2007 A new search engine that was announced yesterday finds articles and links within the English Wikipedia. Wikiseek, run by a California based startup company called “searchme”, is a…

Uncategorized

Mongolia’s ruling party wins elections as rioting subsides

Thursday, July 3, 2008 Mongolia’s ruling People’s Revolutionary Party (MPRP) has been declared winners of the country’s legislative elections, two days after allegations of vote-rigging leveled against the ruling party sparked violent protests in the capital of Ulaanbaatar. Preliminary results show the MPRP with 47 seats out of 76 in the State Great Khural, General…

Final Expense Insurance}

Submitted by: Tom Oganessian Funeral costs are rising at a rapid pace. The average cost of a funeral is estimated between $8,000-$15,000. Funerals are only covered for $255 by Social Security administration only if you qualify. And most of the times people pass away without any coverage hence burdening their families and loved ones who…