US to sharply cut H1-B visas from Oct 1
Washington: The United States is about to cut the number of employment visas it offers to highly qualified foreign workers from 195,000 to 65,000, immigration experts said on Monday.

Unless Congress acts by the end of this month -- and there is little sign it will do so — the change will automatically take effect on October 1. Employers, especially technology companies, argue the move will hurt them and the economy.
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Enron employees can seek millions, rules US judge
New York: Enron employees will be able to seek about $53 million that was paid to some executives just before the energy trading company filed for bankruptcy, a US bankruptcy judge ruled on Monday.
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Foreign lenders likely to back Alstom bailout
Paris: Foreign creditors of France's Alstom looked set to approve an eleventh-hour rescue of the stricken engineering giant, averting a bankruptcy filing that would embarrass the French government and further damage relations with Brussels.
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EMI in talks with AOL Time to buy music business
London: Music company EMI Group, home to old-time rockers the Rolling Stones and jazz star Norah Jones, confirmed on Monday that it is in negotiations with AOL Time Warner to buy the US media giant's music business.
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Investors demand Motorola's next leader
Chicago: Motorola must quickly name a successor and map out a clear strategy following the surprise exit of its chairman Friday or the expected boost in the company's stock price this week could be short-lived, analysts and investors said.
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