How many passengers were saved in the accident? [br] [originaltext]An Indonesia

An Indonesian navy official says at least 16 people are dead following a fire on a passenger boat in the Bay of Jakarta. Navy ships and aircraft helped with rescue efforts. At least 274 people have been saved.

China Netcom raised more than $1 billion from its initial public offering, while South Korea has acted to jumpstart its economy. China Netcom, the country’s leading fixed-line phone operator, will use proceeds from its initial public offering to expand its network and pay off bank loans.