Word: mondays
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...Scores of people were injured and two were killed in two separate incidents on Monday. During the first pre-dawn flare-up, the government said the antigovernment crowds - known as the Red Shirts for their crimson-colored clothing - had provoked the conflict by lobbing Molotov cocktails at troops. The government claimed that 23 soldiers were wounded by the protesters; for their part, the antigovernment forces countered that the soldiers had fired at them and that six of their own had been killed by army bullets - a charge the military denies. (See pictures of the 2008 protests in Bangkok...
...Monday, at the Red Shirts' makeshift headquarters in the shadow of Bangkok's neo-Italianate Government House, protest leader Jatuporn vowed to continue his crusade until Abhisit leaves office. "Once the army kills the Red Shirts, then the Red Shirts will rise up and fight," he told TIME as a group of protesters with badges that read "Red Guards" nodded in agreement. "It's not my plan to make violence like this, but our people will stand up and fight...
...Tech Mahindra, a Pune-based telecom-solutions provider, won the auction on Monday, agreeing to buy 31% of Satyam for $352 million, a 23% premium to Satyam's last closing price on Thursday. Tech Mahindra plans to make a public offer to acquire 20% more of Satyam shares to gain a majority stake, as required by Indian law, taking the cost of the deal to $580 billion. (Read TIME's 2006 cover story about telecommunications in India...
...tier in Indian software services. Satyam's client base, which includes Cisco Systems and Nestle SA, would reduce the company's heavy reliance on British Telecom, its biggest customer. The markets gave the purchase a thumbs-up. Tech Mahindra shares were up 12% at the end of trading Monday, while Satyam shares were up 3%. Also applauding the deal were India's business groups. "The smooth completion of the bidding process for Satyam demonstrates that India has an adequate legal and institutional mechanism for handling and resolving a major corporate crisis," says Harsh Pati Singhanisa, president of New-Delhi-based...
...There's ships right now under attack and this group here has a lot of valuable knowledge that's going to save lives," Maersk Alabama Chief Mate Shane Murphy said Monday. "That's why we haven't been out to talk to you, because we're trying to gather that knowledge and put it in a package and we ask that you do not press us for details on things like that and we're not going to give it because we respect the lives of the other seamen that we're going to try to save...