Indo-Pak Talks Welcomed by US
The Obama Administration has welcomed the Indian proposal to hold Foreign Secretary-level talks with Pakistan. “We certainly have been encouraging steps that both Pakistan and India could take to address mutual concerns and to take appropriate steps so that tensions can be reduced,” said Assistant Secretary of State for Public Affairs, P J Crowley.
Terrorists open fire
Two people including a head constable of Jammu and Kashmir Police were killed on Friday when militants opened indiscriminate fire on a crowd after Friday prayers in Sopore town of North Kashmir. Giving details, senior police officials said two militants emerged from a nearby orchard in Sopore town and opened indiscriminate fire on the crowd which was coming out from a mosque.
Bank of America sued
New York state officials sued Bank of America and its former top executives alleging fraud and deception to obtain billions in taxpayer bailout funds to acquire brokerage Merrill Lynch.
UK MPs to repay 1.1m
Members of Parliament in the United Kingdom were ordered to repay more than £1 million of excessive expenses claimed by the legislators, after a probe into a scandal which revived a politically damaging scandal ahead of an election that must be called in June.
Monster to acquire Yahoo’s hot jobs
Online career and recruiting firm Monster Worldwide has said it will buy Yahoo’s jobsite HotJob for $225 million in cash.