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Thomson shareholders approve takeover of Reuters

Danny — Thu, 27 Mar 2008 07:04:34 +0000

Shareholders of Thomson Corp. and Reuters approved plans Wednesday for the Canadian firm to buy the British-based media and information group and create the world’s biggest provider of financial data.

The approval in separate shareholder meetings in Toronto and London clears the way for completion of the deal on April 17, the two firms said.

A statement issued from Thomson’s operations headquarters in Stamford, Connecticut, said shareholders approved the plan overwhelmingly. It came moments after shareholders of Reuters voted in favor of the deal at a special meeting in London.

The takeover will create the biggest provider of financial information to trading floors, overtaking current market leader and US rival Bloomberg, and will merge the media operations of Thomson and Reuters.

Muslim scholar denounces Muslim baptism

Danny — Wed, 26 Mar 2008 09:55:45 +0000

A Muslim scholar involved in high-level dialogue with the Vatican has denounced the Pope’s baptism on Saturday of a prominent Italian Muslim convert.

Aref Ali Nayed, the head of Jordan’s Royal Islamic Strategic Studies Centre, called the baptism of journalist Magdi Allam a deliberate and provocative act.

The Vatican has not yet commented, but its official newspaper said the gesture aimed to promote religious freedom.

Dude Drives Wrecked Car [ Video]

Danny — Wed, 26 Mar 2008 04:44:59 +0000

It’s equal parts awesome and illegal.

Top scientists warn against rush to biofuel

Danny — Tue, 25 Mar 2008 04:55:03 +0000

Gordon Brown is preparing for a battle with the European Union over biofuels after one of the government’s leading scientists warned they could exacerbate climate change rather than combat it. In an outspoken attack on a policy which comes into force next week, Professor Bob Watson, the chief scientific adviser at the Department for Environment, Food and Rural Affairs, said it would be wrong to introduce compulsory quotas for the use of biofuels in petrol and diesel before their effects had been properly assessed.