The Walt Disney Co. and Hong Kong’s government have struck a deal to expand the Disneyland theme park at a cost of about $465 million. The theme park is a joint venture between Walt Disney and the Hong Kong government. The deal, in the process since the last couple of year, is a part...
Daily Archives: July 3, 2009
US Report Shows Rise in Job Losses
A report by the US Department of Labor released Thursday said that job losses grew in June this year thus pushing up the unemployment rate to 9.5%, the highest in 26 years. painting a dismal picture of the economy, the Labor Department report said that payrolls in the US shrank by 467,000 in June,...
Computer Outage Sparks Delays at O’Hare Airport
Passengers at Chicago’s O’Hare International Airport were forced to go through harrowing delays after a computer glitch at United Airlines check-in counter caused massive delays. The computer outage occurred at the self-service check-in kiosks of United Airlines in the O’Hare Airport due to which the check-in services shut down unexpectedly. The outage resulted in...
Successful Satellite Launch by Arianespace
Arianespace, a private space company, announced Wednesday that it had launched the “largest commercial communications satelliteâ€, known as TerreStar-1, into space. According to Arianespace, an Ariane-5 rocket blasted off from the European Space Agency’s launch centre in Kourou, French Guiana on Wednesday at 2.52 pm local time. The rocket carried with it TerreStar-1, billed...
Federal Regulators Shut Down 7 US Banks
US bank regulators brought down the shutters on seven financial institutions on Thursday, thus bringing the total number of bank failures to 52 since the onset of the market crisis last year. The Federal Deposit Insurance Corp on Thursday closed down seven banks, six of which were controlled by one family in Illinois and...
Go for an Alaskan Cruise this Summer
Going on a cruise is one the most luxurious ways to spend a vacation and among the current crop of cruises, the Alaskan cruise is unbeatable for an unforgettable experience. Alaska is a land of wild beauty – covered with glaciers, ice mountains, endless forests and rare wildlife. Adventure enthusiasts can opt to go...
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