Business News – Newsletter for June 26, 2010
Saturday, June 26, 2010
Strike in Tripura over fuel prices Monday
AGARTALA – The Communist Party of India-Marxist (CPI-M)-led ruling Left Front in Tripura Saturday called for a 12-hour shutdown in the state Monday to protest against the hike in fuel prices.
Left Front spokesperson Gautam Das told reporters here that by increasing prices of petrol, diesel, kerosene and cooking gas, the central government “has made the …. Read the original article : Strike in Tripura over fuel prices Monday.
Kerala shuts down against fuel price hike
THIRUVANANTHAPURAM – A shutdown called by the ruling Left Democratic Front (LDF) against the hike in fuel prices saw most shops and offices closed and public transport off the roads in Kerala Saturday.
Commuters had a tough time getting transport from railway stations and bus stops and many complained about the frequent shutdowns in the state. …. Read the original article : Kerala shuts down against fuel price hike.
Benchmarks flat, broader markets gain amid mega announcements (Weekly market review)
MUMBAI – Benchmark indices for Indian equities ended flat for the week amid announcements from both Ambani brothers’ firms that they had signed a new gas supply agreement and the government freeing auto fuel prices.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended almost unchanged from its previous weekly close. It closed … Read this article on Gaea Times at : Benchmarks flat, broader markets gain amid mega announcements (Weekly market review).
World leaders moving to discussions of nuclear threats posed by Iran and North Korea
World summit turning attention to nuclear threats
HUNTSVILLE, Ontario – After failing to resolve their differences on economic strategy, world leaders are turning their attention to grappling with some of the globe’s toughest foreign policy problems.
President Barack Obama and other leaders of the Group of Eight major industrial countries were scheduled to open their …. Source article on Gaea Times at : World leaders moving to discussions of nuclear threats posed by Iran and North Korea.
West Bengal hit by strike against fuel price hike
KOLKATA – Normal life was badly hit in West Bengal as buses, taxis and autorickshaws went off the roads Saturday in response to a public transport strike called by the Centre of Indian Trade Unions (CITU) against the fuel price hike.
Despite being a holiday for government employees, commuters were inconvenienced as a handful of taxis …. Original article on Gaea Times at : West Bengal hit by strike against fuel price hike.
G20 to change IMF, World Bank headship rules
HUNTSVILLE – The leaders of the world’s 20 top economies are set to end the 60-year domination by Europe and the US of the World Bank and International Monetary Fund (IMF) at a summit here this weekend, draft documents say.
But they are not expected to approve European Union calls for a worldwide levy on bank …. Original article on Gaea Times at : G20 to change IMF, World Bank headship rules.
The racing wasn’t realistic, but characters in ‘Days of Thunder’ captured NASCAR’s stars
20 years later, ‘Days of Thunder’ still resonates
CHARLOTTE, N.C. – “Rubbin’, son, is racin’,” or so said Harry Hogge to a worldwide audience in the summer of 1990, when NASCAR was a niche, regional sport that had yet to pique much mainstream interest.
Tom Cruise was into it, though, and that was good enough.
Riding high from …. Source : The racing wasn’t realistic, but characters in ‘Days of Thunder’ captured NASCAR’s stars.
Boeing finds problem in 787 Dreamliners’ tail
WASHINGTON – The delivery of Boeing 787 Dreamliners may be further delayed with the company deciding to inspect the entire fleet after finding assembly problems in the tail area on some of the 23 completed planes.
Air India and Jet Airways have ordered 27 and 10 of the planes, already more than two and a half … Read more »»».
Largest gold coin sold at $4 mn in Austria
VIENNA – The world’s largest gold coin, weighing 100 kg with a diameter of 52 cm, was sold for 3.27 million euros (about $3.99 million) at an auction here.
Spanish dealer Oro Direct offered the price and became the owner, Xinhua reported.
Six bidders were registered for the auction. Oro Direct offered the bid in a … Original article on : Largest gold coin sold at $4 mn in Austria.
Product recalls: children’s tiaras, garlic spread, diet supplement
Recalls: tiaras, garlic spread, diet supplement
The following recalls have been announced:
-About 7,300 children’s tiaras, made in China and imported by Wilton Industries Inc. of Woodridge, Ill., because the item contains high levels of lead, which is dangerous for young children. No incidents or injuries have been reported. This recall involves the Wilton Youth Tiara with …. Original source : Product recalls: children’s tiaras, garlic spread, diet supplement.
British and Russian leaders pledge to work to mend troubled relationship
UK and Russia to form closer ties
HUNTSVILLE, Ontario – British Prime Minister David Cameron and Russian President Dmitry Medvedev pledged Friday to improve the recently strained relationship between their two countries after meeting for the first time.
“We agreed that our bilateral relations required personal attention of the leaders … both in terms of …. Source : British and Russian leaders pledge to work to mend troubled relationship.
Associated Press National News Calendar
AP National News Calendar
Eds: Major scheduled events for July 2010. Note that many events are subject to change at the last minute
… Original article on : Associated Press National News Calendar.
Product recalls: children’s tiaras, garlic spread
Recalls: children’s tiaras, garlic spread
The following recalls have been announced:
-About 7,300 children’s tiaras, made in China and imported by Wilton Industries Inc. of Woodridge, Ill., because the item contains high levels of lead, which is dangerous for young children. No incidents or injuries have been reported. This recall involves the Wilton Youth Tiara with a …. Source : Gaea News Network.
Influential real estate magnate Walter Shorenstein, who advised presidents, dies
Real estate magnate Walter Shorenstein dies
SAN FRANCISCO – Real estate magnate Walter Shorenstein, an adviser to U.S. presidents whose company controlled about 30 million square feet of commercial real estate, has died. He was 95.
He died Thursday of natural causes at his San Francisco home, said Andrew Neilly, a spokesman for The Shorenstein …. Original article on Gaea Times at : Influential real estate magnate Walter Shorenstein, who advised presidents, dies.
Taylor trumps Tyler: Edmonton Oilers choose F Taylor Hall with No. 1 pick in NHL draft
Edmonton chooses Taylor Hall to begin NHL draft
LOS ANGELES – The Edmonton Oilers have selected forward Taylor Hall with the No. 1 pick in the NHL draft.
The league-worst Oilers chose Hall over fellow OHL forward Tyler Seguin on Friday, making the toughest call at the top of a draft in several years.
The Boston Bruins eagerly …. Read the original article : Taylor trumps Tyler: Edmonton Oilers choose F Taylor Hall with No. 1 pick in NHL draft.
Regulators shut down banks in Florida, Georgia, New Mexico; marks 86 bank failures this year
Regulators close banks in Fla., Ga., NM
WASHINGTON – Regulators on Friday shut down banks in Florida, Georgia and New Mexico, lifting to 86 the number of U.S. bank failures this year.
The Federal Deposit Insurance Corp. took over Peninsula Bank, based in Englewood, Fla., with $644.3 million in assets and $580.1 million in deposits. The agency … Read : Regulators shut down banks in Florida, Georgia, New Mexico; marks 86 bank failures this year.
Daniels administration releases budget cut document, but speaker says it’s not enough
New document outlines some Ind. budget cuts
INDIANAPOLIS – The administration of Republican Indiana Gov. Mitch Daniels released hundreds of pages of documents late Friday afternoon in response to Democrats who have been asking for details on how state budget cuts were made.
Senate Minority Leader Vi Simpson, D-Bloomington, had requested budget cut information from every state …. Source : Daniels administration releases budget cut document, but speaker says it’s not enough.
Lessons from turbulent times: TIAA-CREF chief urges more tools, teaching for smarter investing
TIAA-CREF chief: lessons from turbulent times
Americans need to get smarter about how to invest for their future.
That’s the main message from Roger W. Ferguson Jr., president and CEO of TIAA-CREF, in a recent interview.
Ferguson notes that even as people take on more responsibility for their investments, they still aren’t saving enough for retirement. …. Read the original article : here.
Granholm: Losing federal money could have ‘devastating’ impact on Michigan state budget
Losing federal money could hurt Michigan budget
LANSING, Mich. – Michigan’s budget problems will become significantly worse and state programs will be put at risk if Congress doesn’t revive a federal spending bill, Democratic Gov. Jennifer Granholm said Friday.
The legislation killed by a Republican filibuster on Thursday includes more than $500 million in federal Medicaid money … Original source on Gaea Times at : Granholm: Losing federal money could have ‘devastating’ impact on Michigan state budget.
Texas company developing transmission lines files request to become an Oklahoma public utility
Texas company asks to be an Okla. public utility
OKLAHOMA CITY – A Texas company planning a $3.5 billion transmission line project has applied to become a public utility in Oklahoma.
The application by Plains and Eastern Clean Line Oklahoma, which is an affiliate of Houston-based Clean Line Energy Partners, with the Oklahoma Corporation Commission is only … Read more »»».