Facebook has been asked to remove the Scrabulous game from its website by the makers of Scrabble. The Facebook add-on has proved hugely popular on the social network site and regularly racks up more than 500,000 daily users. Lawyers for toy makers Hasbro and Mattel say Scrabulous infringes their copyright on the board-based word game.

The move has sparked protests by regular fans of Scrabulous keen to keep the add-on running.

Scrabulous is currently one of Facebook’’s ten most popular applications - little programs that Facebook members can add to the profiles they maintain on the site. The request to remove the add-on came from both Hasbro and Mattel because ownership of the Scrabble trademark is split between the two. Hasbro owns rights to the game in the US and Canada while Mattel has rights everywhere else in the world.

The life insurance sector is hoped in the direction of grow by approximately 30 per cent in this economic year. It had seen a enlargement of 95 per cent in the previous fiscal. The sum existence best profits determination cross the Rs 2 lakh crore smudge by the end of this economic as compare with in Rs 1.5 lakh crore in the last quarter ended. The non-life section is future to grow by 15 per cent to Rs 29,000 crore in the same period compared with Rs 25,600 crore a year ago. Insurance Regulatory Development Authority (Irda) said that last year’’s exceptional growth was due to broadening of the base following de-tariffing.

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The Canadian Imperial Bank of Commerce said on Monday that it would issue 2.75 billion Canadian dollars in stock at substantially discounted prices as part of an effort to ease investor anxiety about its subprime mortgage exposure.

The bank, based in Toronto, has by far the biggest exposure of any Canadian bank to troubled American mortgage debt, about $9.8 billion. It also confirmed that it would take a $462 million write-down on the unhedged part of that debt as well as a $2 billion write-off for subprime exposure insured by the troubled underwriter ACA Financial Guaranty Corporation.

The write-downs, which are deductible, will have an after-tax drag of $1.6 billion, the bank said, adding that further write-downs may be needed.

Luminaire Technologies Ltd has informed that a meeting of the Board of Directors of the Company will be held on January 16, 2008, inter alia, to approve the following:

1. Discuss and approve Unaudited Financial Results for the quarter ended December 31,2007.

2. Issue of shares on Rights basis.

3. To convey Extraordinary General Meeting for the purpose of approval of issue of shares on Rights basis. They are reported in batter excellent result in last quarter ended. So I am say Stock and Stock Market price will be increased.