Free Mahindra service camps on World Environment Day

MUMBAI – Celebrating World Environment Day, automobile major Mahindra and Mahindra organised free service camps across the country for its vehicles Saturday, a company official said.

As part of the company’s green initiative, around 5,000 vehicles were given free pollution checks at 108 Mahindra dealerships across 76 cities.
“Customers visiting our dealerships … Read more >>>.

G-20 agrees on need to push ahead on financial reforms, curb deficits to safeguard recovery

G-20 finance chiefs agree on need to curb deficits
BUSAN, South Korea – Finance ministers and central bankers from the world’s leading economies agreed Saturday on the need to cooperate in fending off financial market turmoil and keeping the world economic recovery on track.
In a statement that will serve as an outline … Read : G-20 agrees on need to push ahead on financial reforms, curb deficits to safeguard recovery.

World Bank to fund marketing of Bihar’s Shahi litchis

PATNA – The World Bank will provide funds for marketing of Bihar’s famous Shahi (royal) litchis in the national and international markets, official said Saturday.

“The World Bank has proposed that litchis be sold at railway stations, airport lounges, malls in metropolitan cities across India as well as in overseas market,” said Ram Prabodh Thakur, an … Read the original article on Gaea Times at : World Bank to fund marketing of Bihar’s Shahi litchis.

G-20 agrees on need to cooperate in handling market turmoil, safeguard global recovery

G-20 agrees to advance reforms, rebalance growth

BUSAN, South Korea – Finance chiefs of the world’s leading economies have endorsed rescue policies for Europe and the need to rebalance growth by encouraging domestic demand and greater trade by developing countries.
A statement issued Saturday by finance ministers and central bankers of the Group of 20 bridged differences …. Source  : Gaea News Network.

China securities regulators to review plans for what could be world’s largest IPO

China to review plans for Agricultural Bank’s IPO

BEIJING – The state-owned Agricultural Bank of China plans to sell a 15 percent stake in what could become the world’s largest initial public offering, China’s securities regulators said.
The China Securities Regulatory Commission posted the bank’s application online Friday and said it will review it Wednesday.
Agricultural Bank is … Read more : China securities regulators to review plans for what could be world’s largest IPO.

As nation debates the recession, Ill. Senate candidates talk about who’s least trustworthy

Ill. Senate race: all insults, all the time
CHICAGO – The candidates in one of the nation’s most closely watched Senate races aren’t saying much about health care, the Gulf oil spill or even the economy.
Instead, they’re discussing who’s the least trustworthy.
Republican U.S. Rep. Mark Kirk says Democrat Alexi Giannoulias is a … Original source on Gaea Times at : As nation debates the recession, Ill. Senate candidates talk about who’s least trustworthy.

G-20 finance chiefs work to keep growth on track, push ahead on financial reforms

G-20 finance chiefs mull deficits, banking rules
BUSAN, South Korea – Finance ministers and central bankers from the world’s leading economies worked Saturday to bridge differences on far-reaching financial reforms amid fears that new financial turmoil could derail the global recovery.
Yoon Jeung-hyun, South Korea’s minister of strategy and finance, said that concerns …. Source  : Gaea News Network.

Bank of Rajasthan employees protest against merger with ICICI

MUMBAI – Over 4200 employees of Bank of Rajasthan began a two-day nationwide strike here on Friday to protest the bank’s management proposal to merge with the ICICI Bank.

The two-day strike would be followed by a three-day strike starting from June 17 to June 19.

Vishwas Utagi, Secretary of All India Bank Employees Association (AIBEA) demanded …. Original source  : Bank of Rajasthan employees protest against merger with ICICI.

South Korean president sees no possibility of war with North over ship sinking

SKorea’s Lee sees no possibility of war with North
SINGAPORE – South Korea’s leader on Saturday ruled out going to war with North Korea, hours after his government asked the United Nations to punish the communist nation over the sinking of a warship.
“There is absolutely no possibility of a full-scale war on the Korean …. Source  : Gaea News Network.

Power cable damaged, train services hit in Uttar Pradesh

LUCKNOW – The movement of several long distance trains were affected along the busy Delhi-Chennai route after an overhead power cable was damaged in Uttar Pradesh’s Jhansi district, an official said Saturday.

At least 10 trains, including the Chennai-New Delhi Rajdhani Express, came to a halt near the Khajraha railway station, where the power cable … Read the original article on Gaea Times at : Power cable damaged, train services hit in Uttar Pradesh.

Illegal money changing booms on India-Nepal border

RUPAIDIHA – There is an unprecedented rush for the Indian rupee in Nepal – possibly fuelled by talk of a devaluation of the Nepali currency – giving rise to unauthorised money-changers on this side of the border.

The exchange rate has remained unchanged for the last 17 years at Nepali Rs.160 for Indian Rs.100. But Nepalis …. Read the original article  : Illegal money changing booms on India-Nepal border.

Person familiar with negotiations: Hornets talking with Williams about coaching job

AP Source: Hornets negotiating with Williams

NEW ORLEANS – The New Orleans Hornets began contract talks with Monty Williams about their head coaching job on Friday, according to a person familiar with the negotiations.
Williams, an assistant with the Portland Trail Blazers, emerged as one of the Hornets’ top head coaching choices, along with Boston Celtics assistant … Read the original article on Gaea Times at : Person familiar with negotiations: Hornets talking with Williams about coaching job.

British Airways cabin crew to begin new strike Saturday

London, June 5 (IANS/RIA Novosti) Cabin crews of Britain’s largest air carrier, British Airways (BA), will go on another five-day strike Saturday.

Tensions between BA and the Unite trade union began in 2009, when the company said it would reduce cabin crew for long-haul flights from 15 to 14, making 1,000 full-time cabin crew staff redundant. …. Source article  : British Airways cabin crew to begin new strike Saturday.

Ice Edge, Glendale officials reach agreement on memorandum for Coyotes

Ice Edge, Glendale reach Coyotes agreement

PHOENIX – Ice Edge Holdings has exclusive rights, with some conditions, to negotiate a lease agreement for the Phoenix Coyotes with the city of Glendale under a memorandum of understanding to be presented to the city council next week.
The memorandum agreed to by Ice Edge and city officials is a …. Original source  : Ice Edge, Glendale officials reach agreement on memorandum for Coyotes.

Sun get balanced offense to hold off Liberty 75-68

Sun hold off Liberty 75-68
UNCASVILLE, Conn. – Tan White scored 18 points and the Connecticut Sun defeated the New York Liberty 75-68 on Friday night.

Kara Lawson had 13 points and Tina Charles had 13 points and 15 rebounds. Anete Jekabsone-Zogota scored 10.
Asjha Jones added two late free throws for Connecticut (4-2).
Jones missed the Sun’s first … Original article on : Sun get balanced offense to hold off Liberty 75-68.

Hershey workers approve labor deal that would cut up to 600 jobs from company’s Pa. hometown

Pa. Hershey chocolate workers approve labor deal

HERSHEY, Pa. – Unionized workers at two Hershey Co. hometown chocolate plants on Friday overwhelming approved a labor deal that could eliminate hundreds of jobs and leave just administrative offices in the original factory built by founder Milton Hershey.
Union members approved the deal because of the candy maker’s promise … Read more >>>.

AP-US-TierOne-Recapitalization

AP-US-TierOne-Recapitalization
EDITORS:

Disregard BC-US–TierOne-Recapitalization because of outdated material. Please use BC-US–Bank Closures instead.
The AP
… Original article on : AP-US-TierOne-Recapitalization.

Hershey workers vote on labor deal that would cut up to 600 jobs from company’s Pa. hometown

Pa. Hershey workers vote on proposed labor deal

HERSHEY, Pa. – A union that represents workers at the Hershey chocolate company’s hometown plants on Friday night expected to determine the outcome of a vote on a labor deal that could cut hundreds of jobs there.
Employees began voting Friday morning on a restructuring agreement that would expand …. Original source  : Hershey workers vote on labor deal that would cut up to 600 jobs from company’s Pa. hometown.

Regulators shut banks in Nebraska, Mississippi and Illinois; 81 bank failures so far in 2010

Regulators shut banks in Neb., Miss., Ill.

WASHINGTON – Regulators on Friday shut down a Nebraska bank that has struggled under the weight of soured loans and drawn scrutiny from federal authorities since early last year. Two small banks in Illinois and Mississippi were also shuttered, boosting the number of U.S. bank failures this year to …. Read the original article  : here.

Obama slams BP, says ‘way too early’ for optimism

WASHINGTON – US President Barack Obama said BP was making progress in capping the massive oil leak in the Gulf of Mexico, but slammed the British energy firm for delaying claims payments to local fisherman while it hands out billions to investors.

Obama Friday said BP had made “some progress” by placing a containment cap over … Read : Obama slams BP, says ‘way too early’ for optimism.