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FX Summary - Feb 29

The beleaguered dollar found no reprieve against the majors, with the accelerated selling pushing the currency to fresh all-time lows against the euro, Swiss franc, 24-year lows versus the Aussie and 3-year lows versus the yen.

New portable games break traditional molds

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Bizarre little creatures that look like walking eyeballs and a puzzle-cracking professor may not seem to have much in common at first glance. But they are the stars of two new vastly different hand-held video games that are winning praise for the ways they combine different genres to produce quirky new experiences.
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Clinton hits Obama with ad questioning experience

U.S. Democratic presidential candidate Hillary Clinton questioned rival Barack Obama's experience in handling a national security crisis on Friday as polls showed her losing ground to Obama ahead of Tuesday's contests in Texas and Ohio.
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Foreign directors taking on Hollywood

The trailer for Universal's upcoming movie Wanted features many of the hallmarks of a studio summer movie: Quick cuts, effects-heavy action, Angelina Jolie on the hood of a vintage red Viper.
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Turkey withdraws troops from northern Iraq

Turkey pulled its troops out of northern Iraq on Friday, ending a major offensive against Kurdish PKK rebels that Washington feared could spread conflict through the region. A statement by Turkey's armed forces General Staff denied any foreign influence on the decision, which came a day after U.S President George W. Bush urged a swift end to offensive.
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Microsoft cuts Vista prices to urge upgrades

Microsoft Corp said on Thursday it plans to cut prices of its Windows Vista operating system sold at retail outlets in a move aimed at pushing customers to switch to the newest version of Windows. The world's largest software maker said it plans to lower retail prices for Vista in 70 countries later this year in tandem with the shipment of the first major update to Vista, known as Service Pack 1 (SP1).
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Obama has small lead in Texas, close in Ohio

Barack Obama holds a slight lead on Hillary Clinton in Texas and has almost pulled even in Ohio before contests that could decide their Democratic presidential battle, according to a Reuters/C-SPAN/Houston Chronicle poll released on Friday.
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Israel minister warns Palestinians of shoah

A senior Israeli defense official said on Friday that Palestinians firing rockets from the Hamas-controlled Gaza Strip would bring upon themselves what he termed a shoah, the Hebrew word for holocaust or disaster.
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AIG Posts Largest Loss Ever

American International Group lost $5.29 billion in its fourth-quarter late Thursday as the insurance company took a charge related to credit derivatives.
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AIG posts largest quarterly loss ever

American International Group Inc on Thursday posted its biggest-ever quarterly loss, missing Wall Street expectations after being hurt by a write-down of derivatives exposed to bad mortgage investments. The world's largest insurer said its fourth-quarter loss was $5.29 billion, or $2.08 a share, compared with a profit of $3.44 billion, or $1.31 a share, in the year-ago quarter.
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U.N. council expected to vote Saturday on Iran

The U.N. Security Council is expected to vote this weekend on a resolution imposing a third round of sanctions on Iran over its nuclear program, Western ambassadors said on Thursday. We thought it was perfectly reasonable to (finalize the resolution) tomorrow and to vote on this important issue on Saturday, said U.S. Ambassador Zalmay Khalilzad.
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Ledger's Doctors Probed by Authorities

Two US doctors are being investigated by the Drug Enforcement Administration over the prescribing of the powerful painkillers Oxycontin and Vicodin to Australian actor Heath Ledger, according to news reports.
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Gold Breaks Record on Weak Dollar

Gold futures surged on Thursday, nearing a record high of $970 an ounce causing the dollar to continue its fall against the euro and boosted the precious metal's appeal as an inflation hedge.
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Secrecy and planning key to smooth Castro succession

Fidel Castro's withdrawal from power in Cuba could have sparked a crisis for its communist leaders, but detailed planning and water-tight secrecy ensured a stable succession. When Raul Castro was installed as Cuba's first new leader in half a century on Sunday, taking over from his ailing brother, hardly a ripple was felt in the country of 11 million people, and nobody was cheering in the streets of the anti-Castro exile stronghold of Miami.
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Prince Harry Fighting in Afghanistan

Prince Harry, third in line to British throne,has been serving on the front line in Afghanistan with the British Army, the Ministry of Defense confirmed on Thursday.
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Google tests online system to store health records

Web search company Google Inc is testing in the United States an online storage bank where individuals can store and access their medical records, the company said on Thursday. Just last week, Google said it was teaming up with the Cleveland Clinic, a leading academic medical center, to test an exchange of medical data that Google says will put the patient in charge of his own records.

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