Harry And David Declares Fiscal Loss

MEDFORD (GaeaTimes.com)- The famous American gourmet food company Harry and David on Friday announced that it has suffered a net loss of $39.2 million during the fourth quarter of fiscal budget 2010. The loss has increased over a year as in fiscal 2009, Harry and David mentioned a net loss of $20.2 million. The … Original source on Gaea Times at : Harry And David Declares Fiscal Loss.

Impressed by Argentina, Punjab to explore soy farming

CHANDIGARH – Argentina’s success in soy farming has prompted the Punjab government to explore that option for crop diversification, keeping in view the huge demand of soy oil in India, an official said Saturday quoting Deputy Chief Minister Sukhbir Singh Badal.

Badal, now on a visit to Argentina as member of a central delegation from … Read the original article on Gaea Times at : Impressed by Argentina, Punjab to explore soy farming.

INSIDE WASHINGTON: Mailing firm makes millions by helping Republicans in all seasons

INSIDE WASHINGTON: GOP mail group wears 2 hats

WASHINGTON – When Republican members of Congress need literature to send out to constituents on their doings in office, dozens turn to a Utah firm that churns out slick, full-color mailers at taxpayer expense.
When they need political mailers designed to get them re-elected, some of them turn to …. Source article  : INSIDE WASHINGTON: Mailing firm makes millions by helping Republicans in all seasons.

Sensex surges 795 points on strong economic outlook (Weekly Review)

MUMBAI – A benchmark index for Indian equities surged almost 800 points in this week’s trading, the sharpest rally in over a year, as foreign institutions invested heavily on the back of strong macro-economic outlook.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) rallied 795.09 points or 4.23 percent in the weekly …. Source  : Gaea News Network.

Democrats are running ads on outsourcing in hopes of gaining back ground on economy

Dems try to tap voter anger over job loss overseas

WASHINGTON – Businessman Randy Altschuler had barely won a Republican primary for Congress when New York Democratic Rep. Tim Bishop unleashed a television ad christening him an “outsourcing pioneer” who sent jobs overseas while millions of Americans struggle.
“The company is really about Sri Lanka, the Philippines, …. Read the original article  : here.

Sen. Murkowski says she’s mounting write-in candidacy to hold seat after GOP primary upset

Sen. Murkowski mounting write-in bid for Senate
JUNEAU, Alaska – In the weeks following her defeat in the GOP primary, U.S. Sen. Lisa Murkowski went back and forth over whether to re-enter the race as a write-in candidate or accept life outside Washington and a role other than Alaska’s senior senator.
On Friday, Alaskans learned … Read more : Sen. Murkowski says she’s mounting write-in candidacy to hold seat after GOP primary upset.

Travelers spends $720,000 on lobbying about insurance reform in 2nd quarter

Travelers spends $720,000 on lobbying in 2nd qtr

NEW YORK – The Travelers Cos. Inc. spent $720,000 in the second quarter to lobby the federal government on insurance reform and other issues, according to a disclosure report.
That’s about 12 percent less than the $820,000 the Hartford, Conn.-based insurer spent in the year-ago period, and 8 percent …. Source article  : Travelers spends $720,000 on lobbying about insurance reform in 2nd quarter.

Prudential Financial spends $2.89 million lobbying on financial reform in 2nd quarter

Prudential spends $2.89 million lobbying in 2Q

NEW YORK – Prudential Financial Inc. spent $2.89 million in the second quarter to lobby the federal government on financial reform and other issues, according to a disclosure report.
That’s about 55 percent more than the $1.73 million Prudential spent in the year-ago period, and 71 percent more than the … Read this article on Gaea Times at : Prudential Financial spends $2.89 million lobbying on financial reform in 2nd quarter.

2 creditors file reorganization plan in Tribune Co.’s bankruptcy case ahead of negotiations

2 creditors file Chapter 11 plan in Tribune case

NEW YORK – Two major creditors in the Tribune Co. bankruptcy case filed a proposed reorganization plan for the media company Friday. It seeks to speed up the company’s exit from Chapter 11 by giving creditors the right to sue key players involved in the 2007 leveraged … Read more : 2 creditors file reorganization plan in Tribune Co.’s bankruptcy case ahead of negotiations.

Judge to decide by Oct. 1 whether to delay merger of United, Continental while suit is pending

Judge mulls delaying merger of United, Continental

SAN FRANCISCO – A federal judge is considering whether to delay the merger of Continental Airlines Inc. and United Airlines Inc. while an antitrust lawsuit is pending.
San Francisco lawyer Joseph Alioto filed a lawsuit in June on behalf of 49 air travelers who allege the merger will lead to … Original source on Gaea Times at : Judge to decide by Oct. 1 whether to delay merger of United, Continental while suit is pending.

National Association of Manufacturers spent $1.11 million lobbying in 2nd quarter

Manufacturing group spent $1.11M in 2Q lobbying

SEATTLE – The National Association of Manufacturers spent $1.11 million lobbying the federal government during the second quarter, according to a recent disclosure report.
That’s up slightly from the $1.05 million it spent lobbying in the same quarter of last year.
The organization, which represents manufacturers nationwide, lobbied on the federal …. Source  : National Association of Manufacturers spent $1.11 million lobbying in 2nd quarter.

Judge sets rules for Philly newspapers auction next week; bidding to start at $50M

Judge: New Philly newspaper bids to start at $50M

PHILADELPHIA – A bankruptcy judge has set the ground rules for next week’s auction of Philadelphia’s two major newspapers.
The Philadelphia Inquirer and Philadelphia Daily News are back on the auction block because creditors this week walked away from a planned $139 million bankruptcy sale.
Potential buyers will need … Read more >>.

Alcohol unaffected by recession in Russia

MOSCOW – Production of alcohol such as vodka, beer and wine in Russia has not been affected by the global economic crisis, according to the federal statistics bureau Rosstat.

Manufacturers in Russia have increased production, with factories producing 7.8 decalitres of vodka in August this year, 7.8 percent more than in August 2009.
Table wine production …. Original source  : Alcohol unaffected by recession in Russia.

General Motors bringing back about 480 of idled Spring Hill workers to make 4-cylinder engines

GM bringing back 480 workers to Spring Hill plant

SPRING HILL, Tenn. – General Motors is bringing back hundreds of idled workers to build a new generation of four-cylinder engines at the Tennessee plant where the Saturn brand was launched two decades ago.
But GM North America President Mark Reuss said production of any new car at … Read more : General Motors bringing back about 480 of idled Spring Hill workers to make 4-cylinder engines.

Oil flowing again through pipeline after break leaked hundreds of thousands of gallons in Ill.

Oil flowing again through Ill. pipeline
ROMEOVILLE, Ill. – Officials have reopened an oil pipeline that was shut down after leaking hundreds of thousands of gallons of crude oil near Chicago.

Pipeline owner Enbridge Energy Partners said repairs were completed this week and oil began flowing through the line early Friday.
The pipeline had been shut down since … Original source on Gaea Times at : Oil flowing again through pipeline after break leaked hundreds of thousands of gallons in Ill..

Regulators shut down 3 Georgia banks, 1 each in NJ, Ohio, Wis; makes 125 US failures this year

Regulators close 6 banks in Ga, NJ, Ohio, Wis

WASHINGTON – Regulators on Friday shut down three Georgia banks and one each in New Jersey, Ohio and Wisconsin, boosting to 125 the number of U.S. bank failures this year amid the tough economic climate and growing loan defaults.
The Federal Deposit Insurance Corp. on Friday took over …. Original article  : Regulators shut down 3 Georgia banks, 1 each in NJ, Ohio, Wis; makes 125 US failures this year.

In book, Jimmy Carter says Iranian hostage crisis, Kennedy challenge big factors in 1980 loss

Carter: Iran rescue effort should have worked
WASHINGTON – Former President Jimmy Carter felt his efforts to rescue U.S. diplomats held hostage by Iran should have worked but were thwarted by a “strange series of mishaps,” and the mission’s failure played a major role in his 1980 re-election defeat, …. Source article  : In book, Jimmy Carter says Iranian hostage crisis, Kennedy challenge big factors in 1980 loss.

City says would-be Coyotes buyer provides $25 million to cover losses

Would-be Coyotes buyer submits $25 million

PHOENIX – The city of Glendale says a prospective buyer of the Phoenix Coyotes, “in a show of good faith,” has deposited $25 million in an escrow account.
The figure is equal to the amount of city funds Glendale had deposited, at the NHL’s insistence, to cover potential losses for the … Read : City says would-be Coyotes buyer provides $25 million to cover losses.

Cycling CEO: Despite frustrating headlines, cycling’s drug testing methods are working

USA Cycling CEO says sport testing effective

GREENVILLE, S.C. – USA Cycling CEO Sean Petty says the sport’s drug testing methods surpass all other major sports and have been effective at catching cheaters.
Petty said Friday that enhanced measures in recent years like more advanced blood tests, biological passports for riders and medical monitoring for teams have … Read : Cycling CEO: Despite frustrating headlines, cycling’s drug testing methods are working.

Biden rallies Democratic volunteers in push to keep control of Delaware Senate seat

VP Biden rallies Democrats in Del. Senate race

WILMINGTON, Del. – Vice president Joseph Biden rallied Democratic Party volunteers in his home state Friday, encouraging them to keep up the fight to keep the Senate seat he held for more than 35 years.
“Take this as serious as you possibly can,” Biden said in his pep talk …. Original article  : Biden rallies Democratic volunteers in push to keep control of Delaware Senate seat.