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...jobs, or about 30% of its workforce, by the end of 2013, paring down to about half of its 110 group firms, and slashing unprofitable international and domestic routes. JAL's shares - which hit an all-time low of 3 yen Tuesday afternoon from a high of 213 last March - will also be delisted from the Tokyo Stock Exchange. Kazuo Inamori, founder of technology company Kyocera, is expected to take over from JAL's president Haruka Nishimatsu, who resigned on Tuesday...

Author: /time Magazine | Title: Japan Airlines Files for Bankruptcy | 1/19/2010 | See Source »

...harbingers of the March 7 Academy Awards, whose nomination ballots are still in the hands of the members (they'll be announced on February 2) the two ceremonies boosted the pedigree of Avatar - now it's not just the runaway blockbuster of the millennium - and dented the chances of an early Best Picture favorite, Up in the Air, which won only a screenplay award from each group. Bridges gets a leg up over his main rival, Up in the Air's George Clooney; and Bullock, once a long shot for a Best Actress nomination, now looks to be short-listed...

Author: /time Magazine | Title: Cameron's Avatar Takes Golden Globe Glory | 1/18/2010 | See Source »

...collection of modernist works on loan from the Ateneo Art Gallery in Manila - runs at the Singapore Art Museum until Jan. 31. Underscoring its importance to the Philippines' often battered image abroad, the show was opened by President Gloria Macapagal Arroyo herself. In doing so, she was obliged to march briskly past one of the more cheeky exhibits: a bottled collection of pungent smells, including an essence of rotten eggs labeled PHILIPPINE GOVERNMENT...

Author: /time Magazine | Title: From Spanish to Surreal | 1/18/2010 | See Source »

...shortly after the Sept. 11 attacks, she was linked by law enforcement to a number of terrorism suspects. Among them is Majid Khan, a former resident of Baltimore who was allegedly tasked by 9/11 mastermind Khalid Sheikh Mohammed to plan terrorist attacks in the U.S. In March 2003, Khan was picked up by Pakistani intelligence, who eventually handed him over to the CIA. Just two weeks later, the FBI issued an urgent alert seeking Siddiqui for questioning. But Siddiqui, who by then had moved back to her native Pakistan, vanished without a trace. Khan, who is now a high-value...

Author: /time Magazine | Title: Al-Qaeda Woman? Putting Aafia Siddiqui on Trial | 1/18/2010 | See Source »

...Meanwhile, Basu himself developed a reputation for nepotism. He gave choice land and government contracts to his son's friends and business partners and, in March, his own biographer was named vice chancellor of Calcutta University. Basu never hid his bourgeois tastes - which included a fondness for Scotch and annual trips abroad for health checkups - but critics derided his increasingly lavish, state-sponsored birthday celebrations and Prime Minister-level security detail. The Marxist poet Samar Sen described Basu as "the most well-protected Marxist leader east of the Suez Canal...

Author: /time Magazine | Title: Icon's Death: What Now for India's Communists? | 1/18/2010 | See Source »

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