Bangladeshi mutineers release hostages

A dangerous hostage standoff ended Wednesday night after Bangladeshi Prime Minister Sheikh Hasina met with paramilitary border troops who had staged a mutiny. Members of the Bangladesh Rifles were holding at least 60 to 70 officers hostage after a gunbattle inside the Rifles’ headquarters in the capital, Dhaka, government officials said. The gunfire killed at least one person and wounded seven others — most of them bystanders struck by stray bullets, medical officials said.

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Bus plunges into Indian river, killing 20

A bus rolled into the fast-flowing Chenab River in northern India, killing at least 20 people, officials said. Authorities were unclear what prompted the gunbattle, but an information ministry spokesman told CNN that several members of the Bangladesh Rifles force apparently staged a rebellion against the head of the force.

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Apparent Bangladeshi mutiny kills one

A gunbattle inside the headquarters of Bangladesh’s border security force in the capital, Dhaka, killed a bystander and wounded seven others Wednesday. Authorities were unclear what prompted the gunbattle, but an information ministry spokesman told CNN that several members of the Bangladesh Rifles force apparently staged a rebellion against the head of the force.

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Bailed-out bank enjoys concerts, dinners, parties

A bank that received $1.6 billion dollars of the government’s bailout money sponsored what reports are calling a lavish series of events in Los Angeles, California, last weekend. Northern Trust, based in Chicago, Illinois, spent an undisclosed amount of money sponsoring a Professional Golf Association tournament and associated client events, including concerts, dinners and parties, according to celebrity Web site TMZ.com. The bank spent millions of dollars on the event, which included — on top of the sponsorship costs of the Northern Trust Open tournament — concerts by Sheryl Crow and Earth Wind & Fire, a private party at music venue House of Blues and gift bags from Tiffany & Co., the Web site said

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Controller thought Hudson landing would be ‘death sentence’

For three minutes, the most frightened people in the world may have been the crew and passengers aboard US Airways Flight 1549 as the plane headed for a splashdown in the Hudson River. But for the next half-hour, that unwelcome distinction may have gone to Patrick Harten, the air traffic controller who communicated with Capt

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Obama pledges to cut deficit in half at fiscal summit

President Obama pledged Monday to cut the nation’s $1.3 trillion deficit in half by the end of his first term. He identified exploding health-care costs as the chief culprit behind rising federal deficits during a bipartisan “fiscal responsibility summit” convened to discuss ways to restore fiscal stability without deepening the recession. Meeting with the congressional leadership of both parties, as well as a range of business, academic, financial and labor leaders, Obama warned that the country cannot continue its current rate of deficit spending without facing dire economic consequences.

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Bipartisan summit aims to address deficit, fiscal challenges

President Obama is reaching across party lines Monday to host a bipartisan "fiscal responsibility summit" as the government tackles the seemingly contradictory tasks of controlling a soaring federal deficit while spending the country’s way out of a deep recession. The summit is intended to be the starting point for a “frank discussion” on the long-term fiscal problems facing the country, White House press secretary Robert Gibbs said Friday

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‘Slumdog’ makes history, sweeps Oscars

Years from now it may be a trivia question on "Who Wants to Be a Millionaire." “What 2008 film based around a well-known game show,” the question may read, ominous music humming in the background, “won the Oscar for best picture” The answer — “Slumdog Millionaire” — is history. It is East meeting West, Bollywood meeting Hollywood, a film that was going nowhere winning the biggest prize in the movie business

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