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Affiliate Marketing - Venturian Media Ltd - http://www.venturian-media.co.uk

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Top World News

Asian markets show signs of life after global rout (AP)

Pedestrians look at a stock indicator in Tokyo Tuesday, Oct. 7, 2008. Japanese shares fell sharply in early trade Tuesday, briefly sending the country's benchmark index to its lowest level since December 2003. (AP Photo/Koji Sasahara)AP - Asian stocks showed signs of life Tuesday after a global market sell-off, with several markets climbing into positive territory or paring losses after opening sharply lower.


Lehman sought millions for execs while seeking aid (AP)

Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., wearing tie, is heckled by protesters as he leaves Capitol Hill in Washington after testify before the House Oversight and Government Reform Committee Monday, Oct. 6, 2008, on the collapse of Lehman Brothers. (AP Photo/Susan Walsh)AP - The now-bankrupt investment bank Lehman Brothers arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to prompt a $700 billion government bailout.


 

Business News

BofA earnings tumble, cuts dividend (Reuters)

A man walks past a Bank Of America branch in New York, October 6, 2008. Bank of America Corp, the largest U.S. bank, on Monday reported a 68 percent drop in quarterly earnings, halved its dividend and said it would seek to raise $10 billion in additional capital. (Lucas Jackson/Reuters)Reuters - Bank of America Corp, citing "recessionary conditions," on Monday halved its dividend and said it would sell at least $10 billion in new common stock to bolster its capital to offset rising loan losses.


Big Australia rate cut spurs Asia stocks rebound (Reuters)

A man passes an electronic board displaying financial data outside a brokerage in Tokyo, October 7, 2008. (Yuriko Nakao/Reuters)Reuters - Asian stocks outside Japan rose for the first time in four days on Tuesday and the yen fell after a surprisingly large interest rate cut by Australia's central bank raised hopes that other policymakers would follow suit.