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Death of Osama bin Laden: . President of the United States Barack Obama announces in a special TV broadcast that Osama bin Laden, the founder and leader of the militant Islamist group Al-Qaeda and the most-wanted fugitive on the FBI's Ten Most Wanted Fugitives, was killed on May 2 (Pakistan Standard Time) during an American military operation in Abbottabad, near Islamabad, Pakistan and that ...
Business and economy The Tokyo Electric Power Company (TEPCO) announces its financial results, with a 1 trillion Japanese yen loss predicted due to the Fukushima I nuclear accidents and the resignation of Masataka Shimizu as president of the utility following Japan's highest-ever annual loss. (Reuters), (AP via Yahoo News) The International Monetary Fund approves a 26 billion euro loan to ...
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Business and economy The publisher Condé Nast agrees to be the anchor tenant at One World Trade Center, the largest building of the World Trade Center in Lower Manhattan, and prospectively the tallest building in the United States. (New York Times) Disasters Fukushima I nuclear accidents: Tokyo Electric Power Co. (TEPCO) announces new plans to tackle the ongoing Fukushima I nuclear crisis ...
Andrew Fastow, the former Chief Financial Officer of Enron Corp., now in the custody of the Federal Bureau of Prisons with a release date of December 17, 2011, moves to a half-way house in Houston, Texas. The jury is seated for the trial of Chicago businessman Tahawwur Hussain Rana for his alleged role in the 2008 Mumbai terrorist attacks.
Disasters 2011 Lorca earthquake: At least ten people are killed and dozens injured in the Spanish city of Lorca following a 5.3 magnitude earthquake. (AP via MSNBC) (Daily Mail) (BBC) Tokyo Electric Power Company will accept involvement from the Government of Japan and will not cap compensation payments resulting from the Fukushima I nuclear accidents. (Wall Street Journal) International ...
Business and economy President of the United States Barack Obama uses his weekly address to vow to seek oil in Alaska and in the Gulf of Mexico. (BBC) Disasters Japanese earthquake, tsunami and nuclear crisis: A worker at the Fukushima power plant dies while working on crisis-fighting operations. (Mainichi Shimbun) (CNN) The confirmed death toll from the March 11 2011 TÅhoku earthquake and ...
Business and economy The US Financial Industry Regulatory Authority reports that Merrill Lynch and Credit Suisse have agreed to pay multi-million fines for subprime mortgage securities they sold in the lead up to the global financial crisis of 2008. (New York Times) Disasters A small plane carrying 10 people crashes into a suburban area of New Delhi, India, killing all on board. (Xinhua ...