GIC raises US$1.25b by selling shares in Global Logistic Properties

SINGAPORE: The Government of Singapore Investment Corp (GIC) has raised US$1.25 billion by selling about 596 million shares in warehouse operator Global Logistic Properties (GLP).GIC sold the shares at S$2.60 each, which is a 4.8 per cent discount to Monday's closing price.Following the share sale, it now holds a 37 per cent stake in GLP, down from 49 per cent.GIC said the move is part...

Read More..

Hyderabad blasts: NIA seeks custody of suspected IM operatives

NEW DELHI: The NIA has moved a Delhi court seeking custody of two alleged operatives of banned terror outfit Indian Mujahideen to interrogate them in connection with the twin blasts in Hyderabad which claimed 16 lives.The National Investigation Agency (NIA) moved a plea before district judge I S Mehta, who issued production warrants for Wednesday against Syed Maqbool and Imran Khan.The two are lodged...

Read More..

Koop, who transformed surgeon general post, dies

With his striking beard and starched uniform, former Surgeon General Dr. C. Everett Koop became one of the most recognizable figures of the Reagan era — and one of the most unexpectedly enduring.His nomination in 1981 met a wall of opposition from women's groups and liberal politicians, who complained President Ronald Reagan selected Koop, a pediatric surgeon and evangelical Christian from Philadelphia,...

Read More..

Americans Targeted for Allegedly Running Underage Prostitution in Philippines

Arthur Benjamin is sitting at the edge of a small stage, wearing a lavender Hawaiian shirt and nursing a bottle of San Miguel Light beer. The 6-foot-6 mustachioed Texan lazily watches the half dozen or so girls dancing rather unenergetically around the stage's pole."I forgot your gift again, it's in the car," Benjamin says to one of the girls on stage, shouting above the pop music...

Read More..

Budget 2013: Personal income tax rebates for taxpayers

SINGAPORE: The government has introduced a slew of measures to help Singaporeans cope with the rising cost of living.These measures include income tax rebates, extra GST voucher and Service & Conservancy Charges rebates.Taxpayers who are 60 years and above will enjoy a higher income tax rebate of 50 per cent, capped at S$1,500.Those who are below 60 years old will get a rebate of 30...

Read More..

Suryanelli rape case: Hearing of bail pleas adjourned to March 4

KOCHI: The Kerala high court on Monday adjourned to March four the hearing of the bail pleas of 17 accused in the Suryanelli rape case allegedly involving Rajya Sabha Deputy Chairman P J Kurien. A division bench comprising Justices K T Shankaran and M L Joseph Francis said the appeal and records about the case had not been received from the Supreme Court and it cannot proceed without perusing them,...

Read More..

FDA approves new targeted breast cancer drug

WASHINGTON (AP) — The Food and Drug Administration has approved a first-of-a-kind breast cancer medication that targets tumor cells while sparing healthy ones.The drug Kadcyla from Roche combines the established drug Herceptin with a powerful chemotherapy drug and a third chemical linking the medicines together. The chemical keeps the cocktail intact until it binds to a cancer cell, delivering a potent...

Read More..

Oscars 2013: 'Argo' Wins Best Picture

"Argo" took home the top prize as best picture at the Oscars Sunday night, with first lady Michelle Obama announcing the winner from the White House."You directed a hell of a film," co-producer Grant Heslov told director and fellow producer Ben Affleck. "I couldn't be more proud of the film and more proud of our director."Affleck was snubbed in the directing category but humbly...

Read More..

Indian PM calls for calm after deadly Hyderabad blasts

NEW DELHI: Indian Prime Minister Manmohan Singh on Sunday appealed for calm as he flew to Hyderabad and visited some of the 117 people wounded in twin bombings last week which killed 16 people.Singh also visited the blast site in Dilsukh Nagar, where two bicycle bombs exploded within a few minutes of each other outside a cinema and near a bus stand on Thursday evening.The prime minister...

Read More..

FDA approves new targeted breast cancer drug

WASHINGTON (AP) — The Food and Drug Administration has approved a first-of-a-kind breast cancer medication that targets tumor cells while sparing healthy ones.The drug Kadcyla from Roche combines the established drug Herceptin with a powerful chemotherapy drug and a third chemical linking the medicines together. The chemical keeps the cocktail intact until it binds to a cancer cell, delivering a potent...

Read More..