One of America's wealthiest men was arrested on the day he was due to fly to London over a £15.6 million insider trading case.

Raj Rajaratnam, 52, a portfolio manager for Galleon Group, a hedge fund with up to £4.4 billion in assets under management, was bailed last Friday, along with six hedge fund managers and corporate executives, in connection with a case described as "a wake-up call for Wall Street".

Rajaratnam was accused of conspiring with others to use insider information to trade securities in several publicly traded companies, including Google.

32 dead in warehouse blaze

At least 32 people were killed when a blaze erupted at a fireworks warehouse in southern India ahead of a major Hindu festival.

The victims were mainly traders buying fireworks in bulk as millions of Hindus prepared to celebrate Deepavali, the festival of lights, the Press Trust of India news agency reported. Setting off fireworks is a major part of the celebration's evening festivities.

Jackson's ex-wife sues woman

Michael Jackson's ex-wife Deborah Rowe claims a Florida woman should pay damages of nearly half a million dollars for statements she made in a television interview.

Rowe sued Rebecca White in July for her comments to the US television show Extra, claiming Rowe did not want custody of her two children with the King of Pop, who died in June, but was only interested in getting money from his family.

Dead man or Halloween dummy?

Residents in a block of flats left a dead body on a neighbour's patio for three days because they thought it was a Halloween dummy.

Mostafa Mahmoud Zayed had apparently been dead since Monday. Cameraman Austin Raishbrook, owner of RMG News, told the Los Angeles Times he was at the scene in Marina del Rey, Southern California, when authorities arrived.

Mr Zayed, 75, was slumped over a chair on the third-floor balcony of his flat with a gunshot wound to his eye.

Father priest suspended

A Wisconsin diocese has suspended a Roman Catholic priest who fathered a child during a five-year relationship and may have had a separate relationship with a minor.

The Diocese of Superior said Rev Henry Willenborg had been suspended with pay. The Survivors Network of those Abused by Priests, which sought the move, also wants church officials to help the mother and her now 22-year-old son, who has cancer.

Coup talks deadlock

Ousted president Manuel Zelaya will give deadlocked negotiations two more days to resolve the Honduran coup crisis, a spokesman said.

Ricardo Martinez spoke at a news conference shortly after Mr Zelaya's foreign minister, Patricia Rodas, said the negotiations had collapsed.

Mr Zelaya, who was flown by soldiers into exile at gunpoint on June 28, but sneaked back last month to take refuge at the Brazilian embassy, said: "The dialogue is in suspense ...until the other side adopts a reasonable stance."

Migrant Halloween costume axed

Store chain Target has removed an 'illegal alien' Halloween costume from sale online after a Southern California rights group said it was "distasteful", "ignorant" and offensive to immigrants.

The costume, posted on Target's website, features the mask of an alien with a green card and an orange jumpsuit with 'illegal alien' written across the front.

Target spokesman Joshua Thomas says the company was removing the costume from the site after receiving several complaints.

Cut the chat

New York City taxi drivers may face tougher penalties for using mobile phones and other equipment, in an effort to keep cabbies focused on the road. The city's Taxi and Limousine Commission proposed the move that would ban drivers from using any electronic devices.

Taxi drivers have been banned from using handheld and hands-free phones while driving since 1999.

Cage sues ex-manager

Nicolas Cage is suing his former business manager for £12.5 million, claiming bad advice and mismanagement led the actor towards financial ruin.

A lawsuit filed by Cage, 45, against Samuel Levin and his firm, says: "Instead of protecting and preserving Cage's wealth during one of the greatest economic periods in the country's history, Levin placed Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses."

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