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Iran will hit Tel Aviv with missiles if attacked

Reuters, August 16 – Iran will hit Tel Aviv with its medium-range missiles if attacked, said an influential senior cleric yesterday.

"If they [United States and Israel] militarily attack Iran … They should be afraid of the day when our missiles with 2,000km range will hit Tel Aviv," Ahmad Khatami told state television.

AOL acquires GameDaily video game site

DULLES, Va. (AFX) – Time Warner Inc.’s online division AOL said Wednesday it bought GameDaily, a video game publication, from privately held Gigex Inc. for an undisclosed amount.

Under the agreement, AOL acquires both the GameDaily consumer Web site and its industry newsletter. The company said GameDaily will become the flagship video game brand in the AOL Game network.

Garbage duty to humble Boy George

AP, August 15 – Singer Boy George tried out a street sweeper’s orange vest as he reported for his first day of community service yesterday with the city’s Department of Sanitation.

It did not take long before he got into a confrontation with the media.

Bush blames Iran for supporting Hezbollah

ImageAgencies, August 15 – US President George W Bush urged Iran to stop supporting armed groups trying to derail democracies in Iraq and Lebanon.

In a speech on Monday, Bush said the war between Hezbollah and Israel was part of a wider struggle against terrorism.

"The conflict in Lebanon is part of a broader struggle between freedom and terror that is unfolding across the region," he said.

Bush repeatedly blamed Iran and Syria for supporting Hezbollah, saying Tehran must stop supporting fighters in both Iraq and Lebanon.

Asian woman named CEO at Pepsi

The Independent, August 15 – PepsiCo has promoted its chief financial officer, Indra Nooyi, to become chief executive of the drinks manufacturer, making her one of the most powerful women in corporate America.

Dollar gains on most currencies

NEW YORK (AFX) – The dollar rose against most major currencies Monday as investors awaited U.S. inflation data due out this week.

The 12-nation euro bought $1.2719 in afternoon New York trading, up from $1.2729 in New York late Friday. The British pound slipped to $1.8878 from $1.8901.

Google removes text link to Froogle

NEW YORK (AFX) – Google Inc., the search engine whose clean, minimalist home page was a stark contrast to the link-laden Web portals of the late 1990s, made a tiny tweak to its site last week that may have much bigger repercussions.

Oil prices drop on Mideast cease-fire

 NEW YORK (AFX) – Oil prices fell as much as $1.75 a barrel Monday as a cease-fire began in Lebanon and investors responded to news that BP expects to maintain half of its production at a large oil field in Alaska despite a pipeline leak.

Ahmadinejad launches his own blog

mahmoud ahmadinejadAgencies, August 14 – Iranian hardliner President Mahmoud Ahmadinejad has launched his own web log.

Iran’s state-controlled television announced the launch of his weblog with his first posting, titled ‘autobiography’ explaining his childhood, the Islamic revolution and the country’s war with Iraq.

Dubai free zone now open for real estate investment trust

Gulfnews, August 14 – Real estate investment trusts, which use pooled investors funds to buy and manage property, can now operate from Dubais financial free zone, the zones regulator said yesterday.