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Madoff investors win $12.74 mln in Merkin case (Reuters)

Friday, 03 September 2010 21:00
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Reuters - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.

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7.0 magnitude earthquake shakes New Zealand (AFP)

Friday, 03 September 2010 20:00
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The location of a strong earthquake which hit New Zealand. A 7.0 magnitude earthquake rocked New Zealand's second largest city Christchurch early Saturday, causing widespread damage including the collapse of some buildings and power outages, witnesses and the US geological survey said.(AFP/Graphic)AFP - A 7.0 magnitude earthquake rocked New Zealand's second largest city Christchurch early Saturday, causing widespread damage including the collapse of some buildings and power outages, witnesses and the US geological survey said.



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Obama planning new package of economic aid (AP)

Friday, 03 September 2010 20:00
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President Barack Obama reports on the economy as the latest unemployment figures are released, Friday, Sept. 3, 2010, in the Rose Garden at the White House in Washington. (AP Photo/J. Scott Applewhite)AP - Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, likely including tax cuts and targeted spending, to spark job growth.



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U.S. Government probes Mariner platform fire (Reuters)

Friday, 03 September 2010 20:00
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Reuters - The U.S. government on Friday launched an investigation into Mariner Energy Inc's Gulf of Mexico platform fire, and a light oil sheen spotted near the offshore facility was not believed to be a leak, according to the U.S. Coast Guard.

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Powerful 7.4 quake hits New Zealand's South Island (AP)

Friday, 03 September 2010 20:00
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A quake reading on a seismograph. A strong 7.2 magnitude earthquake rocked New Zealand's second largest city Saturday morning, causing a series of aftershocks and power outages in the city.(AFP/File/Nicolas Asfouri)AP - A powerful 7.4-magnitude earthquake struck much of New Zealand's South Island early Saturday. No tsunami alert was issued and there were no reports of injuries, but looters broke into some damaged shops in Christchurch, police said.



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