Home Builder Says It Broke U.S. Rules And Will Restate Earnings Beazer, which also reported that sales of new homes plunged in the third quarter, said it would have to restate several years of financial statements.... Read Full Article Johnson & Johnson’s Risky Tactic Fails In Patent Fight The company’s lawyers had attempted to gain the upper hand in a patent case by highlighting safety concerns about the company’s own product.... Read Full Article Renault Takes 25% Of Russian Carmaker THE French carmaker Renault is to pay $1.25 billion ($£600m) to take a 25% stake in Avtovaz, one of Russia’s biggest automotive groups.... Read Full Article Stock Buyback Set By Chevron The Chevron Corporation will repurchase as much as $15 billion of its stock as record crude prices increase earnings.... Read Full Article Stuff Of Life (but Not Life Itself) Is Detected On A Distant Planet Astronomers reported Wednesday that they had made the first detection of an organic molecule, methane, in the atmosphere of a planet outside our solar system.... Read Full Article |
Floods Postpone Summit Between KoreasSEOUL, South Korea, Aug. 18 (AP) — North and South Korea agreed Saturday to postpone a summit meeting until early October because of recent floods that devastated the impoverished communist North. The North Korean leader, Kim Jong-il, had been scheduled to sit down with South Koreas president, Roh Moo-hyun, in Pyongyang Aug. 28 to 30 for the first top-level meeting between the countries in seven years. That has now been rescheduled for Oct. 2 to 4, the Koreas said. The North, in unusual openness, has said a week of storms destroyed 11 percent of its rice and corn fields. On Saturday, state television showed inundated rice paddies, cornfields and streets, saying the downpours inflicted unprecedented damage. The number of dead and missing has risen to more than 300, according to an aid group operating in the country. On Friday, South Korea offered the North a $7.5 million aid package. Tag CloudExternal InformationAdditional InformationWorld Briefing | Asia: China: Road Accident Kills 20 Farmers...Protesters March in Advance of Torch in India... Washington Blocks Exports of Munitions Firm Suspected of Fraud... India and U.S. Try to Rekindle Stalled Talks on a Nuclear Pact... Where Am I?News Main Page - Business - Floods Postpone Summit Between Koreas |
i8news.com |