January 29, 2005

January 29, 2005

January 29 2005

*A low-key and tightly controlled funeral is held for purged Chinese Communist leader Zhao Ziyang. [http://www.cbc.ca/cp/world/050128/w012866.html (AP)] [http://news.bbc.co.uk/2/hi/asia-pacific/4211157.stm (BBC)]
*Procter & Gamble plan to purchase competitor Gillette in a deal worth $52.4 billion. Industry experts, including Gillette CEO Jim Kilts, expect further industry consolidation this year, spurred in part by a 40% rise in oil prices last year and the need to gain clout against economic giant Wal-Mart. [http://quote.bloomberg.com/apps/news?pid=10000103&sid=aOnwXs1QSP88&refer=news_index (Bloomberg)]
*The first direct flights between mainland China and Taiwan since 1949 will take place in time for the Chinese New Year. [http://abcnews.go.com/International/wireStory?id=452291 (Reuters)] [http://news.bbc.co.uk/2/hi/asia-pacific/4215889.stm (BBC)]
* A series of moderate-intensity aftershocks rattle the Andaman and Nicobar Islands and Sumatra in Indonesia over a month after the region was devastated by a quake-generated tsunami. No casualties or damage is reported. [http://timesofindia.indiatimes.com/articleshow/1005177.cms (Times of India)]


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