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Nokia Siemens not planning offer for Ciena: source
January 5, 2010 – 11:00 pm
Nokia Siemens not planning offer for Ciena: source

Telecom equipment maker Nokia Siemens Networks is not planning an offer for U.S. gear maker Ciena Corp, a source close to NSN said, despite market speculation of a deal.

Buffett warns Kraft after it sweetens Cadbury bid
January 5, 2010 – 11:00 pm
Buffett warns Kraft after it sweetens Cadbury bid

Warren Buffett came out against Kraft’s $16.8 billion hostile offer for Britain’s Cadbury as a threat to shareholder value, undermining the U.S. foodmaker’s attempt to woo investors with a sweeter bid.

World stocks up; dollar down on U.S. housing data
January 5, 2010 – 11:00 pm
World stocks up; dollar down on U.S. housing data

World stocks rose at a slower pace on Tuesday but investors remained upbeat about the global economic recovery despite weaker-than-expected U.S. housing data that saw the U.S. dollar lose ground against the yen.

S&P, Nasdaq rise on factory orders; Dow dips
January 5, 2010 – 11:00 pm
S&P, Nasdaq rise on factory orders; Dow dips

The S&P 500 and the Nasdaq rose on Tuesday as better-than-expected factory orders and a surge in vehicle sales at Ford Motor Co provided more evidence of an economic recovery.

Gaza militant killed in Israeli air strike
January 5, 2010 – 11:00 pm
Gaza militant killed in Israeli air strike

An Israeli air strike killed a commander of a Palestinian militant group and wounded four other militants in the Gaza Strip on Tuesday, the group said.

Exhausted Japan finance minister to quit: report
January 5, 2010 – 11:00 pm
Exhausted Japan finance minister to quit: report

Japan’s aged finance minister is to quit due to poor health after weeks of exhausting wrangling over the budget, the Nikkei news agency said on Tuesday, a fresh blow for Prime Minister Yukio Hatoyama as he struggles with a frail economy and huge public debt.

Britain says had no warning of plane bomb plot
January 5, 2010 – 11:00 pm
Britain says had no warning of plane bomb plot

Britain’s security services had no advance warning of an alleged al Qaeda plot to bomb a U.S.-bound plane and officials did not withhold intelligence from their American counterparts, the UK government said on Tuesday.

Dutch say failed plane bomber acted alone
January 5, 2010 – 11:00 pm
Dutch say failed plane bomber acted alone

The Nigerian man accused of trying to blow up a flight from Amsterdam to Detroit on Christmas acted alone and probably smuggled the explosives from Nigeria, the Dutch public prosecutor said on Tuesday.

Yemen hemming in al Qaeda, U.S. embassy reopens
January 5, 2010 – 11:00 pm
Yemen hemming in al Qaeda, U.S. embassy reopens

Thousands of Yemeni troops are hemming in al Qaeda militants in three provinces, security sources said on Tuesday, and the U.S. embassy in Sanaa reopened after security forces staged a raid just outside the capital.

Obama unveils changes to address bomb attempt
January 5, 2010 – 11:00 pm
Obama unveils changes to address bomb attempt

U.S. President Barack Obama vowed on Tuesday to act with “utmost urgency” to tighten air security in the aftermath of an attempted Christmas Day plane bombing, as he sought to limit political fallout from the incident.

New Jersey makes last-minute bid for gay marriage
January 5, 2010 – 11:00 pm
New Jersey makes last-minute bid for gay marriage

New Jersey’s state Senate will vote on legalizing same-sex marriage this week, officials announced on Tuesday, in a race against the clock before a new governor who opposes the measure takes office.

Schwarzenegger readies California budget plan
January 5, 2010 – 11:00 pm
Schwarzenegger readies California budget plan

Arnold Schwarzenegger will lay out plans for his last year as California’s governor this week under pressure to close a $21 billion budget shortfall and fundamentally change how the state is run.

Air passengers deal with tougher U.S. security
January 5, 2010 – 11:00 pm
Air passengers deal with tougher U.S. security

Air travelers arriving in the United States under tighter security on Tuesday said they faced repeated passport checks and could not use blankets or leave seats in the last hour of their flight, but some said they felt safer.

Yemeni loses appeal for release from Guantanamo
January 5, 2010 – 11:00 pm
Yemeni loses appeal for release from Guantanamo

A U.S. appeals court on Tuesday upheld a ruling that a Yemeni man who cooked for Taliban and al Qaeda fighters in Afghanistan was lawfully detained at the U.S. military prison at Guantanamo Bay, Cuba.