Dancing legend Michael Jackson expires

Hi guys.This is really a heart touching one for most of us.Whenever it comes to dance we will remember this name and it is Michael Jack son.He has created a bench mark in the dancing world.He has reached almost all the countries with his over whelming dancing skills and even a child who is new to earth will utter his name when it thinks about dance.
Such a legend has passed out on June 25 th by 2.26 US time at the age of 50 in case severe cardiac arrest.Reporters said that ,Jackson suffered illness in home and when they rushed to the LOs Angeles hospital ,he was found dead.The news was first published in BBC new channels which has deprived the sleep of millions and millions of his fans.
Born in 1958 in Gary, Indiana Jackson was a child star with the Jackson 5 and became one of the most successful recording artists of all time with the release of the album 'Thriller' in 1982 - the best selling album of all time. His successful songs redefined the modern music video and forced MTV to start showing black performers, and paved the way for the acceptance of rap and hip-hop as mainstream musical styles.He has adopted theree children named Michael Joseph Jackson, Jr., Paris Michael Katherine Jackson and Prince 'Blanket' Michael Jackson II.
inspite of earning million and millions of money he had a debtr oif 500$ millions .Hope this legends soul reaches heaven.My hearty scondolosense to this legend.Long live your fame and your name.

Angelina Jolie

They topped the Power Couple list and now the talented beautiful Angelina Jolie is the most powerful celebrity in the world. Jolie's 27 million dollars earnings in the past year included a 14 million dollars magazine deal for exclusive rights to the first pictures of the couple's twins, Knox Leon and Vivienne Marcheline, who were born in August.

Tamil Actress Nayantara Wallpapers

Lakshmi Rai

Air India seeks Rs.10,000-crore bailout

India's flag carrier Air India, which is struggling to cope with a cash crunch, will ask for a Rs.10,000-crore (about $2 billion) bailout package from the central government, a senior official said.

Airline officials, who discussed the airline's financial problems with Civil Aviation Minister Praful Patel Tuesday night, will meet top government officials again seeking help.

The minister arrived here Tuesday after attending the Paris air show.

'We are looking for at least Rs.10,000 crore bailout package. I am not sure if the government would agree on this,' said the Air India official, who did not want to be named.

Air India earlier said it was looking for a bailout package worth at least Rs.15,000 crore from the government.

Air India chairman and managing director Arvind Jadhav, Civil Aviation Secretary M. Madhavan Nambiar and other senior ministry and airline officials had met the Principal Secretary to the Prime Minister, T.K.A. Nair, Monday with the demands.

But they did not get any assurance from Nair.

Jadhav last week met Cabinet Secretary K.M. Chandrasekhar.

National Aviation Co of India Ltd (NACIL), which owns Air India, had earlier announced that it would delay the salaries of its over 31,000 employees for 15 days. The management has also asked the top executives of the airline to forgo their one month's salary.

The employees, however, did not accept the management's decision and said they would go for an indefinite strike from July 1 if the management delays their salaries.

According to the International Air Transport Association (IATA), the global aviation industry is expected to lose about $9 billion this year.

The Centre for Asia Pacific Aviation (CAPA) says the Indian aviation industry is likely to incur around $2 billion losses this year.

Ford, Nissan, Tesla to get U.S. technology loans

Ford Motor Co will receive nearly $5.9 billion in U.S. government loans to build fuel-efficient vehicles as the Obama administration deepened its commitment to reshaping the cash-strapped auto industry.

Japan's Nissan Motor Co Ltd will receive $1.6 billion and start-up Tesla Motors Inc will receive $465 million in low-cost loans to build all-electric cars in the first wave of financing from an Energy Department program intended to offset the cost meeting sharply higher new fuel economy standards.

"By supporting key technologies and sound business plans, we can jump-start the production of fuel-efficient vehicles in America," Energy Secretary Steven Chu said at an event at Ford's sprawling engineering and product development campus.

"These investments will come back to our country many times over by creating new jobs, reducing our dependence on oil, and reducing our greenhouse gas emissions," he said.

The Energy Department has $17 billion remaining in funding under a program first authorized by Congress in 2007. Chu said the agency would work quickly to approve further loans in the coming months to other auto companies.

The announcement of the first round of funding at Ford represented a win for the automaker, the United Auto Workers union and Michigan's congressional delegation after an intense lobbying effort to get the long-stalled funding approved.

One of the conditions of receiving the subsidized loans was a determination of viability. That ruled out Ford's rivals Chrysler and General Motors Corp since they have been pushed through a federally funded bankruptcy process.

Allen Stanford detention hearing set for Thursday

Allen Stanford, the Texas financier accused of a $7 billion fraud, is due to appear at a detention hearing in Houston on on Thursday, a spokeswoman for the U.S. Attorney's office in Houston said on Tuesday.

Stanford is due in U.S. District Court at 1000 CDT, she said.

Stanford and five other executives were charged last week on 21 counts of fraud, conspiracy and obstruction charges.

Federal prosecutors have accused him of running a massive scheme involving certificates of deposit (CDs) issued by his offshore bank in Antigua.

Stanford, 59, was arrested at his girlfriend's home in Virginia on Thursday.

The billionaire has been in federal custody while making the trip back to Houston where the criminal charges were filed. A judge will decide if he should be released at the hearing.

Stanford has repeatedly denied any wrongdoing.

Laura Pendergest-Holt, the company's former chief investment officer and two of the firm's accountants are also due in court on Thursday, court records show.

The U.S. government has accused Stanford and the others of running a massive Ponzi scheme where investors in CDs sold by Stanford International Bank in Antigua were paid with funds from more recent investors.

Stanford could face life in prison if all convicted on counts in the indictment.