New Nissan plant inaugurated in central China, part of move to nearly double capacity by 2012

New Nissan plant boosts output capacity in China

SHANGHAI – Japanese automaker Nissan Motor Co. inaugurated a new factory Monday in the central Chinese city of Zhengzhou, part of an expansion that will nearly double its production capacity in the world’s biggest vehicle market by 2012.
The new 1 billion yuan ($148 million) Zhengzhou Nissan Co. factory …. Source  : Gaea News Network.

Punj Llyod bags engineering contract from Saudi oil firm

MUMBAI – Infrastructure major Punj Lloyd has secured an engineering and procurement contract from Saudi Arabian state-run oil company Saudi Aramco.

The order was secured by the Indian firm’s Saudi Arabia based subsidiary, Dayim Punj Llyod.
In a release, Punj Lyod said the contract was for engineering, procurement and construction of offsite pipelines for Saudi Aramco’s … Read the original article on Gaea Times at : Punj Llyod bags engineering contract from Saudi oil firm.

Core Projects acquires two US firms worth $25 mn revenue

NEW DELHI – India’s leading global education company Core Projects and Technologies Ltd (CPTL) Monday said that it has acquired two education firms in the US worth a combined revenue generation of $25 million.

“The company has acquired Technical Systems Integrators LLC (TSI), a Georgia-based education solutions company, and New York-based Keenan and Keenan Group …. Source  : Gaea News Network.

Sensex momentum continues, heavyweights soar

MUMBAI – A benchmark index for Indian equities continued with its bull run Monday, finding key support from heavyweight stocks like Reliance Industries, ITC and Bharti Airtel.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,445.2 points, was at 19,771.32 points, 176.57 points or 0.9 percent up from its …. Read the original article  : Sensex momentum continues, heavyweights soar.

McCourt divorce trial set to resume in Los Angeles with former Dodgers CEO’s testimony

McCourt divorce trial set to resume in Calif.

LOS ANGELES – Former Los Angeles Dodgers CEO Jamie McCourt contends she would never give away an ownership stake to one of baseball’s more storied franchises. She’ll now have to explain to a judge why she signed a postnuptial agreement that gives the team to her estranged husband.
McCourt … Read : McCourt divorce trial set to resume in Los Angeles with former Dodgers CEO’s testimony.

DISPPL launches new GSM-based security systems in India

Noida (Uttar Pradesh), Sept.20 (ANI-Business Wire India): ISPPL, A pioneer in banking security, has launch of a new GSM based Alarm system into the Indian banking security market.

Digitals India Security Products Pvt Ltd., No. 1 integrator in the banking security, has … Original source on Gaea Times at : DISPPL launches new GSM-based security systems in India.

Bomb scare disrupts train services in West Bengal

KOLKATA – Train services in the Kharagpur-Adra section in West Bengal were disrupted for over four hours Monday after a tiffin box fitted with wires was found on the railway tracks in West Midnapore district. No explosives were found in the tiffin box.

“Villagers noticed the tiffin box fitted with wires on the tracks at Atabandh …. Read the original article  : here.

Chinese automaker SAIC noncommittal on stake in General Motors’ IPO

China’s SAIC noncommittal on stake in GM IPO

SHANGHAI – Chinese automaker and General Motors Co. partner SAIC said Monday it is paying close attention to GM’s upcoming stock sale, but gave no hint over whether it plans to take a stake itself.
GM executives in the U.S. and China likewise refused comment on reports that the …. Source  : Chinese automaker SAIC noncommittal on stake in General Motors’ IPO.

From Havana to Harlem: Cuban minister says island needs support from African-American leaders

Cuban minister recalls NY Malcolm X-Castro meeting

NEW YORK – Fifty years after Malcolm X met with Fidel Castro in New York in the midst of the Cold War the Cuban people still rely on the support of African-Americans, Cuba’s foreign minister said.
Bruno Rodriguez spoke Sunday at an event commemorating the black civil rights leader’s September … Read this article on Gaea Times at : From Havana to Harlem: Cuban minister says island needs support from African-American leaders.

Water inflow into Himachal’s Pong dam rises again

SHIMLA – The inflow of water into Himachal Pradesh’s Pong dam again increased marginally Monday due to rainfall, but the authorities said there was no need for worry as the reservoir still has capacity to withhold additional water.

“The inflow increased this (Monday) morning to more than 18,000 cusecs against Sunday’s 8,000 cusecs,” K.C. Rana of … Original article on : Water inflow into Himachal’s Pong dam rises again.

Oil inches to near $74 as traders eye US economy, crude inventories

Oil inches to near $74 as traders eye US economy

SINGAPORE – Oil prices hovered below $74 a barrel Monday in Asia as traders look to indicators on the U.S. economy and crude inventories for clues about the strength of demand.
Benchmark crude for October delivery was up 27 cents to $73.93 a barrel at midday Singapore … Read more >>>.

Asian stock markets mixed after weak cue from Wall Street, trade subdued amid holidays

Asian markets subdued amid week of holidays

BANGKOK – Asian stock markets were mixed in subdued trading Monday amid a week punctuated by holidays in Japan and other major regional markets.
The lackluster start in Asia came after Wall Street gave up most of its gains on Friday to close slightly higher. The initial rise was triggered … Read more »»».

Custom chopper signed by Obama and Biden will be auctioned to benefit military families

Custom chopper signed by Obama to be auctioned

WASHINGTON – A custom-designed motorcycle signed by President Barack Obama will be auctioned in Las Vegas to support military families.
The United States Army Chopper bearing Obama’s signature, along with autographs from Vice President Joe Biden and national security adviser James Jones, will be auctioned by Barrett-Jackson Auction Co. …. Original source  : Custom chopper signed by Obama and Biden will be auctioned to benefit military families.

Money Market Operations as on Sep 17, 2010

…. Original source  : Money Market Operations as on Sep 17, 2010.

Peru police take back power plant seized by coca growers protesting crop eradication campaign

Peru cops take power plant back from coca growers

LIMA, Peru – Hundreds of coca growers briefly seized control of a power plant in Peru’s interior Sunday, cutting off electricity to the estimated 430,000 people who live in Ucayali province.
Police later moved in, arresting 120 people and freeing 30 employees who got the power on again …. Source article on Gaea Times at  : Peru police take back power plant seized by coca growers protesting crop eradication campaign.

Protesting coca growers paralyze Peruvian power plant, demand end to crop eradication

Peru coca growers paralyze power plant
LIMA, Peru – Hundreds of coca growers in Peru have seized control of a thermoelectric plant in the country’s interior, cutting off electricity to the estimated 430,000 people who live in Ucayali province.

The provincial governor and the plant’s director of operations reported Sunday’s takeover of the facility at Aguaytia in … Read this article on Gaea Times at : Protesting coca growers paralyze Peruvian power plant, demand end to crop eradication.

Treasury Department statement says foreign investors could be courted in GM stock sale

Government could seek foreign investors for GM

DETROIT – Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North America, according to a U.S. Treasury Department statement.
GM and the Treasury Department would not comment Sunday on reports that the automaker is in talks with …. Read the original article  : here.

Swedish government loses majority in election as far-right group enters Parliament

Swedish gov’t loses majority as far-right surges

STOCKHOLM – A far-right party entered the Swedish Parliament for the first time in elections Sunday, spoiling the center-right government’s victory and majority, and plunging the country into political disarray, preliminary results showed.
Prime Minister Fredrik Reinfeldt was seeking to become the first center-right leader to win re-election after serving …. Source article  : Swedish government loses majority in election as far-right group enters Parliament.

Tom Hicks looks to private equity help to keep hold of Liverpool, would share control

Hicks looks to private equity to keep Liverpool

LONDON – Liverpool co-owner Tom Hicks is launching another bid to keep hold of the Premier League club by securing financing from a private equity company.
Hicks along with co-owner George Gillett Jr. had put the club up for sale in April, saying they lacked the funding to take …. Source  : Tom Hicks looks to private equity help to keep hold of Liverpool, would share control.

24/7: Major college football coaches work to balance stressful jobs with healthy living

College football coaches try balancing job, health

NEW YORK – Imagine if every decision you made at work was scrutinized by millions of people and your livelihood was essentially tied to the performance of a bunch of college students.
That’s the life of big-time college football head coaches such as Michigan State’s Mark Dantonio, who had a … Read more : 24/7: Major college football coaches work to balance stressful jobs with healthy living.