Europeans cut interest rates sharply to fight crisis

NEW YORK/LONDON (Reuters) – Central banks in Europe slashed their benchmark interest rates by record amounts on Thursday to fight the global economic crisis, while U.S. automakers pleaded for a bailout to avoid collapse.

World population growth challenges farms: group

WASHINGTON (Reuters) – The burgeoning world population, estimated to reach 9 billion by 2040, will increase demand for food and energy from farmers and challenge them to balance the demands, said a think tank on Thursday.

Police chief indicted after boy killed by Uzi

BOSTON (Reuters) – A police chief was indicted on Thursday for involuntary manslaughter in the death of an 8-year-old boy who accidentally shot himself in the head with an Uzi submachine gun at a Massachusetts weapons show.

Israel evicts Jewish settlers from Hebron house

HEBRON, West Bank (Reuters) – Israeli police used teargas and clubs to evict hard-line Jewish settlers from a building in the West Bank city of Hebron on Thursday, igniting a wave of settler violence across the Palestinian territory.

Is Google’s Open Social Hurting Facebook?

Is Google’s Open Social a genuine threat to Facebook? And more importantly — does it represent new revenues for Google? A year after Google’s ambiguous Open Social announcement, my guest Charlene Li, of Altimeter Group, dives into the details. …

Lockheed defends F-22 fighter line-shutdown charge

WASHINGTON (Reuters) – Lockheed Martin Corp defended on Thursday a contract clause that irked the Pentagon’s top arms buyer and that could cost U.S. taxpayers as much as $147 million to end output of the F-22 fighter jet.

Nokia sees mobile phone sales shrinking faster

HELSINKI/NEW YORK (Reuters) – Sales of mobile phones are shrinking faster than expected as consumers are cutting spending, the world’s top mobile phone maker Nokia said on Thursday in its second warning in three weeks.

Yum issues 2009 earnings forecast, backs 2008 view

NEW YORK (Reuters) – Yum Brands Inc , the parent of Taco Bell, Pizza Hut and KFC, forecast on Thursday 2009 earnings per share growth of at least 10 percent and backed its 2008 earnings forecast, sending its shares up 1.4 percent.