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Latest news from around the web, updated 10 minutes ago.

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Selected and fresh photos from around the web.

Editor's pick
- BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.
  
  2 months ago
  
  from Getty Images
- Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.
  
  3 months ago
  
  from Reuters Pictures by Reuters
- A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.
  
  4 months ago
  
  from Reuters Pictures by REUTERS
- BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.
  
  4 months ago
  
  from Getty Images
Hot off the wire
- Manchester United's manager Sir Alex Ferguson is seen during his team's English League Cup semi-final first leg soccer match at Pride Park Stadium, Derby, England, Wednesday Jan. 7, 2009.
  
  1 hour ago
  
  from AP Photo by Jon Super
- Hamas leader Khaled Meshaal waves to journalists before a meeting with Iranian Parliament Speaker Ali Larijani at the Iranian embassy in Damascus January 7, 2009.
  
  22 mins ago
  
  from Reuters Pictures by REUTERS
- The Director of the Dakar, Etienne Lavigne answers to reporters at the bivouac in San Rafael, Mendoza, Argentina, after the fifth stage of the 2009 Dakar between Neuquen and San Rafael, on January 07, 2009. French motorcyclist Pascal Terry has been found dead today. The 49-year-old Terry had gone missing on January 4, during the second stage of the race, between Santa Rosa and Puerto Madryn.
  
  23 hours ago
  
  from Getty Images by AFP/Getty Images
Recently starred
- WASHINGTON - JANUARY 07: U.S. President George W. Bush (C) meets with President-elect Barack Obama (2nd-L), former President Bill Clinton (2nd-R), former President Jimmy Carter (R) and former President George H.W. Bush (L) in the Oval Office January 7, 2009 in Washington, DC. On January 20, 2009 Barack Obama will be sworn in as the nations�s 44th president.
  
  23 hours ago
  
  from Getty Images
- North Korean leader Kim Jong-il (2nd R in the front row) visits the Chollima Steel Complex at an undisclosed location in North Korea, in this undated picture released by the Korean Central News Agency (KCNA) December 25, 2008.
  
  1 week ago
  
  from Reuters Pictures by REUTERS
- Balloons with anti-North Korea leaflets released by former North Korean defectors and anti-North Korea activists fly towards the North in Imjinkak pavilion, near the demilitarised zone (DMZ) separating the two Koreas in Paju, about 55 km (34 miles) north of Seoul, December 3, 2008. Dozens of activists, who demanded improvements of North Korea's human rights and the release of South Koreans abducted by the North, launched about 90,000 anti-Pyongyang leaflets in helium-filled balloons near DMZ on Wednesday.
  
  1 month ago
  
  from Reuters Pictures by REUTERS
- An Israeli woman and her two children take cover during a rocket attack near Kfar Aza, just outside the northern Gaza Strip January 7, 2009. The woman came to meet her husband, an Israeli army officer currently serving on the Gaza border. Rockets exploded as they were waiting for him. Israel postponed on Wednesday a decision on whether to order its armed forces to storm the Gaza Strip's urban centres, an Israeli official said, citing Egyptian- and French-led efforts to secure a truce with Hamas.
  
  7 hours ago
  
  from Reuters Pictures by REUTERS

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U.S. Equity Fund Acquires Troubled German BankStory

U.S. Equity Fund Acquires Troubled German Bank

FRANKFURT, Germany The German lender IKB Deutsche Industriebank, which has been badly hit by the subprime mortgage crisis in the United States, will be sold to the private equity firm Lone Star Funds, the German company’s biggest shareholder...

4 months ago from The New York Times

More-articles

Lone Star to take IKB out of shadows

Lone Star hopes to restore the profitability of Germany’s IKB bank within three years, the US investment group said on Thursday as it announced a deal to take control of one of the biggest European casualties of the financial...

4 months ago from Financial Times

German U-turn as Lone Star devours IKB

Germany has turned to the private equity "locusts" that its politicians have publicly derided after US buyout group Lone Star secured a cut-price deal to buy troubled bank IKB, one of the biggest casualties of the credit crisis. Lone Star is...

4 months ago from The Telegraph

German bank bailed out

4 months ago from Shanghai Daily

Lone Star Funds To Buyout Germany’s IKB

4 months ago from The Money Times

Lone Star buys IKB for less than €10 million

4 months ago from International Herald

See all

Blog-posts

Lone Star to Buy IKB

, the Dallas-based private equity firm, has agreed to buy IKB Deutsche Industriebank after the German bank collapsed, becoming the country’s first casualty of the subprime mortgage crisis. Lone Star will acquire 90.8 percent of IKB from KfW...

4 months ago from Dealbook

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