Business News – Newsletter for February 16, 2010
Obama to drop in on jobs training center, speak about creating energy jobs Obama to visit jobs training center Iran strikes back against Clinton’s military dictatorship comments TEHRAN, Iran – Iran has hit back against U.S. Secretary of State Hillary Rodham Clinton’s warning that the Islamic republic is becoming a military dictatorship. Greek customs officials begin 3-day strike to protest government austerity measures ATHENS, Greece – Greek customs officials walked off the job Tuesday for a three-day strike to protest government austerity measures designed to pull the country out of a debt crisis that has shaken the entire eurozone. Economic woes, anger at banks prompt fresh look at socialist solution: Bank of North Dakota BISMARCK, N.D. – It has no automatic tellers or drive-up windows, doesn’t issue credit cards, and tends only a few thousand checking and savings accounts. Its only location is a glass, steamboat-shaped headquarters near the Missouri River, where the business moved from its original 1919 home in a …. Read the original article : Economic woes, anger at banks prompt fresh look at socialist solution: Bank of North Dakota. Malaysian PM’s India visit drew $468 mn worth of potential deals These investments, if realised, will give the Malaysian economy a strong boost, said Mustapa Mohamed, … Original article on : Malaysian PM’s India visit drew $468 mn worth of potential deals. Larsen and Toubro teams up with Raytheon to upgrade T-72 tanks According to the proposal submitted earlier this month, in which L&T is the lead contractor, Raytheon will provide infrared imaging sights and electronics to improve the tank’s target accuracy …. Source article on Gaea Times at : Larsen and Toubro teams up with Raytheon to upgrade T-72 tanks. Jayalalithaa refutes Karunanidhi’s charges on cane pricing The former chief minister said the South India Sugar Mills Association had filed a …. Original article : Jayalalithaa refutes Karunanidhi’s charges on cane pricing. Hamas flooded with police applicants, but most just looking for work GAZA CITY, Gaza Strip – Take this for a measure of Gaza’s economic woes: When the territory’s Hamas rulers announced plans to hire about 1,000 new policemen, 15,000 applied. Barclays 4th quarter profit 8 times larger than year-ago due to asset management unit sale LONDON – Barclays PLC on Tuesday reported a fourth quarter profit of 6.9 billion pounds ($10.8 billion), more than eight times larger than a year earlier, due to gains on the sale of its Global Investors unit to a private equity company. Bharti scrip sinks 3.19 percent in afternoon trade At the Bombay Stock Exchange, the Bharti scrip was trading at Rs.276.30, a fall of 3.19 percent from its …. Source : Gaea News Network. Post 26/11, India turns to Russia for small weapons So far, India has largely depended on Israel …. Original source : Post 26/11, India turns to Russia for small weapons. Sensex moves up 93 points by early afternoon At 12.43 p.m., the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,042.18 points, was at 16,131.53 points, up 93.18 points or 0.58 percent from …. Original article on Gaea Times at : Sensex moves up 93 points by early afternoon. At job training center, Obama to announce loan guarantee to build 1st nuclear plant in decades Obama to announce loan guarantee for nuclear plant Bureaucrats will not rate ministers, says PMO “It is not factually correct to say that serving officers will evaluate the performance of the ministers,” the PMO said in a statement. “The Prime Minister’s order is clear that the entire process has to be … Original article on : Bureaucrats will not rate ministers, says PMO. Toyota: President set to answer more questions on global recalls, quality control efforts TOKYO – Toyota announced its president will answer more questions on the beleaguered company’s massive global recall at a press conference Wednesday after being lambasted for being largely invisible during the crisis. Maoists stop work at another Indian venture in Nepal Survey at the 250 MW Upper Marsyangdi hydropower project in Lamjung district came to … Read more »». Chhattisgarh budget to focus on social, farm sectors “The cabinet has approved the state budget for fiscal year 2010-11 to be tabled in the state assembly Feb 22. The focus will be on social and agriculture … Original article on : Chhattisgarh budget to focus on social, farm sectors. Tourism industry disillusioned with Taj festival The 10-day festival that will start Thursday at Shilpgram, just 500 … Read the original article on Gaea Times at : Tourism industry disillusioned with Taj festival. Mobile phones to top 5 billion this year Advanced services and handsets in affluent countries and increased take-up of mobile banking and mobile health-care services in poorer nations is … Read the original article on Gaea Times at : Mobile phones to top 5 billion this year. Asian markets higher in holiday-thinned trade but Greece worries not far from surface BANGKOK – Asian stocks were modestly higher Tuesday in holiday-thinned trade as investors awaited another top level finance meeting on Greece’s debt crisis. European shares jumped. Love to be food of music at Taj festival The theme song that will open the 10-day annual cultural extravaganza this year in the Shilpgram campus highlights the love that pervades through the Bhakti movement, the legend of … Original source on Gaea Times at : Love to be food of music at Taj festival. Sensex choppy in early trade At 9.10 a.m., the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,042.18 points, was at 16,074.85 points, up 36.5 points or 0.23 …. Original article on Gaea Times at : Sensex choppy in early trade. NH hotel to reopen day after boiler room gas leak sickened 11, including 9 guests by the pool PORTSMOUTH, N.H. – A New Hampshire hotel that was closed after a toxic-gas leak sickened 11 people so badly they had to be hospitalized says it will reopen Tuesday. Marc Jacobs ushers in lady-like looks while others at NY Fashion Week go for gold NEW YORK – With one move, Marc Jacobs changed the look and tone of New York Fashion Week. The designer, touted as the most influential in the U.S., ripped brown-paper wrapping off the box-within-a-box construction of his runway Monday night to reveal dozens of models in the most … Read this article on Gaea Times at : Marc Jacobs ushers in lady-like looks while others at NY Fashion Week go for gold. UAE, Britain seek to boost trade ties Lord Peter Mandelson, Britain’s business, innovation and skills secretary, is leading his country’s delegation. Summary Box: Toyota may extend warranties and offer other incentives after recalls THE DEALERS: About 300 Toyota dealers at a Florida convention heard executives say they are considering longer warranties and other incentives to draw customers after a spate of recalls. Obama’s bank reforms are not right for us: EU ministers The White House has endorsed Jan 21 former Federal Reserve chairman Paul Volcker’s proposals to … Read this article on Gaea Times at : Obama’s bank reforms are not right for us: EU ministers. Nebraska gives Bo Pelini a pay raise to $2.1M and extends contract through 2014 season LINCOLN, Neb. – Nebraska has added a year to the contract of head coach Bo Pelini and raised his base pay to $2.1 million per year. Obama to discuss jobs, economy on visit to Savannah, Ga., on March 2 Obama to discuss jobs on Georgia visit March 2 Eurozone finance ministers tell Greece to get ready to cut spending, launch new taxes BRUSSELS – European finance ministers bluntly told Greece to prepare tougher spending cuts and new taxes in an attempt to snuff out a government debt crisis that has shaken the entire eurozone. Bayh leaves Senate blaming partisanship, but against backdrop of angry, frustrated public Bayh exits Senate against backdrop of angry voters Privately-owned drug tester Quintiles expands investment in pharmaceutical development RALEIGH, N.C. – Pharmaceutical companies previously did all their own research and testing and submitted the results to the Food and Drug Administration for approval to put a medication on the market. The agency’s review was devised to settle concerns about the drug makers’ vested interest in showing … Original source on Gaea Times at : Privately-owned drug tester Quintiles expands investment in pharmaceutical development. Going for the gold: No, not Olympics, NY Fashion Week NEW YORK – A little gold goes a long way. Same goes for silver and bronze. Outfielder Cody Ross and Florida Marlins go to salary arbitration hearing ST. PETERSBURG, Fla. – Florida Marlins outfielder Cody Ross has gone to salary arbitration, asking for $4.45 million rather than the team’s offer of $4.2 million. Making laws the easy way: Groups offer templates so state legislators can fill in the blanks NASHVILLE, Tenn. – For state legislators across the country, sponsoring bills can be as easy as filling in the blanks. Democratic Sen. Evan Bayh of Indiana says he won’t seek a third term in Congress Dem. Sen. Evan Bayh says he won’t seek 3rd term Toyota considering longer warranties, incentives for buyers as it tries to get past recalls ORLANDO, Fla. – Toyota Motor Corp. may offer incentives or increase the length of its warranties as it tries to recover from an embarrassing string of safety-related recalls. Clinton: Iran becoming a military dictatorship with the Guard Corps supplanting government RIYADH, Saudi Arabia – U.S. Secretary of State Hillary Rodham Clinton said Monday Iran is sliding into a military dictatorship, a new assessment suggesting a rockier road ahead for U.S.-led efforts to stop Tehran from obtaining a nuclear weapon. Camel stuck on rail tracks disrupts Mumbai-Ahmedabad services The camel got stuck on the railway bridge tracks between Boisar-Palghar, around 100 km north of Mumbai, at 7.30 p.m., said …. Original source : Camel stuck on rail tracks disrupts Mumbai-Ahmedabad services. Israel’s prime minister presses for severe Iran sanction in meeting with Medvedev MOSCOW – Israeli Prime Minister Benjamin Netanyahu said Monday he pressed for “severe sanctions” against Iran over its nuclear program in his meeting with Russian President Dmitry Medvedev, and he praised the Russian leader for showing “an understanding” over the issue.
Tuesday, February 16, 2010
WASHINGTON – President Barack Obama travels into the Maryland suburbs outside Washington this morning to tour a jobs training center.
The center is located at an International Brotherhood of Electrical Workers’ local in Lanham, Maryland. Afterward, Obama will talk about new investments by the administration to create energy jobs, … Original article on : Obama to drop in on jobs training center, speak about creating energy jobs.
Iran rejects US military dictatorship comments
Iran’s Foreign Minister Manouchehr Mottaki instead has tried to turn the tables, referring to the Americans as the architects of the Vietnam War and calling them … Read : Iran strikes back against Clinton’s military dictatorship comments.
Greek customs officials begin 3-day strike
The strike, which will hamper imports and exports until Thursday, came a day after European …. Source article : Greek customs officials begin 3-day strike to protest government austerity measures.
Economy prompts fresh look at ND’s socialist bank
KUALA LUMPUR – Malaysia and India are set to follow up on the $468 million worth of potential trade avenues identified during last month’s India visit of Prime Minister Najib Tun Razak, with the next round of negotiations here March 28-30.
MUMBAI – Engineering major Larsen and Toubro (L&T) Tuesday announced it had submitted a joint proposal with US defence technology firm Raytheon for upgrading India’s T-72 tanks.
CHENNAI – AIADMK general secretary J. Jayalalithaa Tuesday refuted Tamil Nadu Chief Minister M. Karunanidhi’s charge that her government kept sugarcane prices payable to farmers unaltered till 2004 and only allowed a hike a year later with an eye to assembly elections.
Most Hamas police applicants only want jobs
Only a few of those reporting for fitness tests one recent afternoon expressed an interest in police work or said they …. Original article on Gaea Times at : Hamas flooded with police applicants, but most just looking for work.
Barclays Q4 profit soars eight-fold on unit sale
The result compared to a net profit …. Source article on Gaea Times at : Barclays 4th quarter profit 8 times larger than year-ago due to asset management unit sale.
MUMBAI – Telecom operator Bharti Airtel’s scrip fell 3.19 percent during afternoon trade Tuesday, after plummeting over 9 percent the previous day as investors continued to speculate on the burden a $10.7 billion acquisition it has planned.
NEW DELHI – India, which has been procuring fighter aircraft and missiles worth $1.5 billion annually from Russia, is now looking to buy small weapons too – like assault rifles, sniper guns and automatic grenade launchers – for its paramilitary forces, especially after the 26/11 Mumbai terror attack.
MUMBAI – A benchmark index for Indian equities was 93 points higher than its last close by early afternoon Tuesday, after a listless morning session.
WASHINGTON – President Barack Obama is highlighting a new investment in energy jobs with an announcement that the government will guarantee more than $8 billion in loans needed to build the first U.S. nuclear power plant in nearly three decades.
Obama was to make remarks Tuesday after … Read the original article on Gaea Times at : At job training center, Obama to announce loan guarantee to build 1st nuclear plant in decades.
NEW DELHI – The Prime Minister’s Office (PMO) Tuesday denied that the performance of ministers would be judged by bureaucrats.
Beleaguered Toyota president to answer questions
Toyota Motor Corp. President Akio Toyoda – who may appear before U.S. Congressional hearings later this month – will [..] Read the original article: here.
KATHMANDU – As Nepal’s first President Ram Baran Yadav began his maiden state visit to India to cement ties with the neighbouring country, the country’s former Maoist guerrillas have prevented work at a hydropower project in western Nepal with major Indian investment.
RAIPUR – The Chhattisgarh government will table the annual budget in the state assembly next week with special focus on social and agriculture sectors, an official said Tuesday.
AGRA – The tourism industry in this city of the Taj Mahal feels the annual cultural festival Taj Mahotsava has now degenerated into a farce pandering to the basest instincts of the local audience, instead of the tourist-atracting spring fest it was meant to be.
NEW YORK – Global demand for mobile telephones remains strong, despite the economic crisis, with the number of individual mobile cellular subscriptions likely to top 5 billion this year, according to the UN telecom agency.
Asian markets higher in holiday-thinned trade
Markets in Shanghai, Hong Kong, Taiwan, Singapore and Malaysia were closed for Lunar New Year holidays. Wall Street was closed Monday for the Presidents Day …. Source : Asian markets higher in holiday-thinned trade but Greece worries not far from surface.
AGRA – Love will be the theme of the Taj Mahotsava that opens here Thursday just 500 metres from that eternal monument to love, the Taj Mahal.
MUMBAI – A benchmark index for Indian equities opened on a volatile note Tuesday. About 10 minutes into trade, it was 36 points higher than its previous close.
NH hotel to reopen day after gas leak sickened 11
The problem at the Hilton Garden Inn in downtown Portsmouth on Monday morning was traced to a leaking … Read the original article on Gaea Times at : NH hotel to reopen day after boiler room gas leak sickened 11, including 9 guests by the pool.
Big reveal: Marc Jacobs shifts Fashion Week tone
ABU DHABI – A British business delegation is in the United Arab Emirates (UAE) to discuss ways to boost bilateral trade relations, WAM news agency reported.
Foreign Trade Minister Sheikha Lubna Bint Khalid Al Qasimi opened the meeting of the UAE and … Read the original article on Gaea Times at : UAE, Britain seek to boost trade ties.
Summary Box: Toyota’s plans to soothe customers
THE REPAIRS: Toyota says it has repaired 500,000 of the 2.3 million vehicles recalled for sticky gas pedals.
WHAT’S NEXT: As repairs … Read more : Summary Box: Toyota may extend warranties and offer other incentives after recalls.
BRUSSELS – The medicine recommended by US President Barack Obama to cut Wall Street down to size is not suitable for the European Union EU), the bloc’s finance ministers are expected to say in a report set for approval Tuesday.
Nebraska gives Bo Pelini a pay raise to $2.1M
The deal keeps Pelini at the Huskers’ helm through Feb. 28, 2015. It provides a retention bonus as well: $500,000 if he’s … Read more »»».
WASHINGTON – President Barack Obama will talk about jobs and the economy when he travels to Savannah, Ga., on March 2.
The president will meet with workers, small-business owners and local leaders to discuss ideas for creating jobs and growing the economy. It will be the …. Source article : Obama to discuss jobs, economy on visit to Savannah, Ga., on March 2.
Eurozone tells Greece to ready new cuts, taxes
The 16 countries that use the euro warned Greece on Monday that it will need to take …. Read the original article : Eurozone finance ministers tell Greece to get ready to cut spending, launch new taxes.
WASHINGTON – The stunning announcement by centrist Indiana Democratic Sen. Evan Bayh that he’s retiring from a Congress he no longer loves adds yet another name to a list of lawmakers fleeing a town they say has become acidly partisan. And it gives Republicans a … Read more : Bayh leaves Senate blaming partisanship, but against backdrop of angry, frustrated public.
Private drug tester expands stake in Big Pharma
Fashion Week goes for gold, silver and bronze
No, this isn’t an Olympic event – it’s New York Fashion Week, where metallic fabrics shone on the runways.
“A little sparkle adds a lot to your wardrobe,” Tracy Reese said backstage before her …. Source article on Gaea Times at : Going for the gold: No, not Olympics, NY Fashion Week.
Cody Ross and Marlins go to salary arbitration
Arbitrators James Oldham, Margaret Brogan and Howard Edelman are expected to issue a decision Tuesday, a day after hearing arguments.
Ross hit .290 with … Read the original article on Gaea Times at : Outfielder Cody Ross and Florida Marlins go to salary arbitration hearing.
Legislation templates make proposing bills easy
Groups from both ends of the political spectrum offer lawmakers model legislation requiring a minimal amount of tailoring from state to state. The nonpartisan Council of State Governments even issues an … Read more >>>.
INDIANAPOLIS – Democratic Sen. Evan Bayh says he will not run for a third term in Congress.
Bayh said at a news conference in Indianapolis on Monday that he believed he would have been re-elected despite “the current challenging environment” in Congress.
He attributed his decision …. Original article : Democratic Sen. Evan Bayh of Indiana says he won’t seek a third term in Congress.
Toyota may lengthen warranties to keep customers
The company has not decided exactly what it will do after it gets past the recalls, which include more than 8 million … Read this article on Gaea Times at : Toyota considering longer warranties, incentives for buyers as it tries to get past recalls.
Clinton: Iran is becoming a military dictatorship
As the first high-level Obama administration official to make such an … Read the original article on Gaea Times at : Clinton: Iran becoming a military dictatorship with the Guard Corps supplanting government.
MUMBAI – A stray camel which got stuck on the railway tracks near the Maharashtra-Gujarat border Monday evening caused a major disruption in train traffic on the Mumbai-Ahmedabd sector of Western Railway, an official said.
Israeli PM pushes for Iran sanctions in Moscow
The meeting came just days after Iran announced …. Source article on Gaea Times at : Israel’s prime minister presses for severe Iran sanction in meeting with Medvedev.
Thursday, February 18, 2010
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