German industrial conglomerate Siemens wants to build wind turbine plant in UK

Siemens looks to build UK wind turbine plant

FRANKFURT – German industrial conglomerate Siemens AG says it wants to build a wind turbine production plant in the east or northeast of the U.K., but is still looking at locations.
Munich-based Siemens said in a statement Monday it is looking at potential sites and is focusing on harbor …. Original source  : German industrial conglomerate Siemens wants to build wind turbine plant in UK.

BSNL offers free installation to new broadband customers

NEW DELHI – State-run telecom operator Bharat Sanchar Nigam Ltd (BSNL) will offer free installation and unlimited data download for the first 15 days to customers who subscribe to its landline-based broadband service by March 31.

“BSNL will offer free installation, free broadband usage for first 15 days at speeds upto 2 mbps, free music and … Original article on : BSNL offers free installation to new broadband customers.

Additional LAF Operations ??? March 30 and 31, 2010

With a view to addressing the year-end liquidity requirements, it has been decided to conduct additional repo and reverse repo operations under Liquidity Adjustment Facility (LAF) on March 30 and 31, 2010 between 4.15 pm and 4.45 pm.
  Ajit Prasad
 Manager
Press Release : 2009-2010/1301

… Read the original article on Gaea Times at : Additional LAF Operations ??? March 30 and 31, 2010.

L&T bags Rs.1,400-crore order from Indian Oil

MUMBAI – Engineering major Larsen and Toubro (L&T) Monday said it has bagged a Rs.1,400 crore oil refinery project from state-run Indian Oil Corp.

“L&T has secured a major order valued at Rs.1,400 crore from Indian Oil Corporation for a 4.17 million tonnes per annum FCC (fluidised catalytic cracker) Reactor Regenerator project of a grassroots fuel … Read the original article on Gaea Times at : L&T bags Rs.1,400-crore order from Indian Oil.

Searchers believe they found remains of actor Errol Flynn’s son in Cambodia

Searchers: remains of Errol Flynn’s son found

PHNOM PENH, Cambodia – Forensic tests will be conducted on what two searchers believe are the remains of photographer Sean Flynn, son of Hollywood star Errol Flynn, who disappeared during the Cambodian War 40 years ago, the U.S. Embassy said Monday.
At least 37 journalists were killed or are listed …. Read the original article  : here.

Royal Bank of Scotland selling factoring unit to GE Capital

RBS sells German unit to GE Capital
LONDON – Royal Bank of Scotland Group PLC said Monday it has agreed to sell RBS Factoring GmbH, a unit that provides loans secured against company invoices, to GE Capital.

Terms of the sale, one of a series of divestments by the government-controlled bank, were not disclosed.
RBS Factoring’s loans are …. Original article on Gaea Times at  : Royal Bank of Scotland selling factoring unit to GE Capital.

Lentil … cookies? Healthy foods trend has farmers hoping to get legumes into more products

Farmers group touts lentils, other healthy legumes

BISMARCK, N.D. – Lentils are a hot topic among gourmets these days, with recipes for them popping up in most major food magazines.
Lentil and other legume farmers hope to capitalize on this interest and convince consumers and food producers to use them in breads and cookies as well as … Read more : Lentil … cookies? Healthy foods trend has farmers hoping to get legumes into more products.

THE INFLUENCE GAME: Lobbying pays off as drug industry hits jackpot with health overhaul.

THE INFLUENCE GAME: Drug lobby’s health care win
WASHINGTON – Chalk one up for the pharmaceutical lobby.
The U.S. drug industry fended off price curbs and other hefty restrictions in President Barack Obama’s health care law even as it prepares for plenty of new business when an estimated 32 million uninsured Americans gain …. Source  : THE INFLUENCE GAME: Lobbying pays off as drug industry hits jackpot with health overhaul..

Tata may source auto parts from Bangladesh

DHAKA – Indian auto giant Tata Motors has indicated interest in sourcing auto components from Bangladesh. But setting up a plant to manufacture the world’s cheapest car, Nano, would have to wait, a company official said.

According to Nitol Motors, Tata’s business partner here, a technical team from Tata will carry out a survey within the … Read : Tata may source auto parts from Bangladesh.

‘Blackmailing’ Bolivian sugar factories may be nationalised

La Paz, March 29 (IANS/EFE) Sugar refineries that are “blackmailing” the Bolivian people by selling their product at elevated prices may be nationalised, President Evo Morales has warned.

“If owners of sugar refineries continue selling their sugar more cheaply abroad and more dearly (domestically), I will see myself forced to nationalise … those factories, without any … Original source on Gaea Times at : ‘Blackmailing’ Bolivian sugar factories may be nationalised.

NKorea warns of deadly consequences over DMZ activities; no mention of sunken ship

NKorea accuses South of psychological warfare

SEOUL, South Korea – North Korea warned the U.S. and South Korea on Monday of deadly consequences for engaging in “psychological warfare” by allowing journalists into the heavily fortified Demilitarized Zone dividing the two Koreas.
The stern statement was the first from North Korea’s military since a South Korean naval ship … Read : NKorea warns of deadly consequences over DMZ activities; no mention of sunken ship.

Oil rises above $80 in Asia as investors look to US jobs data later this week

Oil above $80 as traders look to US jobs data

SINGAPORE – Oil prices rose above $80 a barrel Monday in Asia as investors look to a key U.S. jobs report later this week for clues about the outlook for consumer spending.
Benchmark crude for May delivery was up 64 cents to $80.64 a barrel at late …. Source  : Oil rises above $80 in Asia as investors look to US jobs data later this week.

Sensex starts week in the green

MUMBAI – A benchmark index for Indian equities started the week in the green and was ruling about 40 points higher an hour into trade Monday.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,639.18 points, was ruling at 17,682.87 points, 38.11 points or 0.22 percent higher than its previous …. Original source  : Sensex starts week in the green.

Asian stock markets mostly higher as Chinese company earnings boost sentiment.

Asian stock markets mostly higher
HONG KONG – Asian stock markets were mostly higher Monday as stronger earnings from Chinese companies and a deal to provide Greece a financial safety net helped buoy sentiment.

The dollar was higher against the yen, while crude oil prices rose as investors showed more appetite for riskier assets.
Chinese shares led the …. Original article  : Asian stock markets mostly higher as Chinese company earnings boost sentiment..

Money Market Operations as on March 26, 2010

…. Source  : Gaea News Network.

Women-driven taxis are popular in Middle East

CAIRO – Fleets of “pink” taxis, driven by women, are cruising the streets of Middle East cities, providing a safe and comfortable ride for women wary of getting into taxis driven by men.

“Many times I had problems with (male) drivers acting indecently,” said Noha Mohammed, a veiled Egyptian housewife.
“When I told my husband, he …. Source  : Gaea News Network.

Asian stock markets mixed in early trading after tepid session on Wall Street

Asian stock markets mixed in early trading

TOKYO – Asian markets were mixed early Monday after shares in New York on Friday gave back most of their gains on concerns over whether a recent rally could be sustained.
Japan’s benchmark Nikkei 225 stock average was down 57.24 points, or 0.5 percent, at 10,939.13 while South Korea’s Kospi …. Source article on Gaea Times at  : Asian stock markets mixed in early trading after tepid session on Wall Street.

Chinese firm buys Volvo’s car plant for $1.8 bn

GOTEBORG – China’s Geely Holding Group has signed a deal worth $1.8 billion with Ford Motor Co. to acquire the US auto giant’s Volvo car manufacturing unit in Sweden.

Under the definitive stock purchase deal, Geely will own 100 percent of Volvo Cars and its related assets.
The agreement was inked Sundya by Li Shufu, founder …. Original article on Gaea Times at  : Chinese firm buys Volvo’s car plant for $1.8 bn.

Shell sells New Zealand refining and distribution businesses for $490 million

Shell sells New Zealand gas stations for $490M

WELLINGTON, New Zealand – Royal Dutch Shell PLC is selling its century-old distribution and retail business in New Zealand, including hundreds of gas stations and a share in the country’s only oil refinery, for 696 million New Zealand dollars ($490 million).
Europe’s largest oil company said Monday the assets …. Read the original article  : Shell sells New Zealand refining and distribution businesses for $490 million.

Iran’s nuclear program to top agenda when G-8 foreign ministers meet in Canada

Iran sanctions top concern at G-8 meeting
OTTAWA – Iran’s nuclear program is of “critical concern” and will top the agenda when foreign ministers from the Group of Eight nations meet Monday to discuss global security, Canada’s foreign minister said.

Foreign Minister Lawrence Cannon said he’ll press for stiffer sanctions against Iran when G-8 ministers assemble in … Read more >>.

UK economy grew 0.4 percent in 4th quarter, stronger than previous estimates

UK Q4 growth revised upward again to 0.4 pct

LONDON – Official data shows the British economy grew 0.4 percent in the fourth quarter, faster than previously estimated.
The quarter marked the official end to the country’s deep recession, which lasted six quarters.
The first estimate showed the economy barely growing by 0.1 percent, and a second estimate …. Source  : Gaea News Network.

German truck, bus maker Daimler to expand commercial vehicle production in Brazil

Daimler expands commercial production in Brazil

FRANKFURT – German automotive group Daimler AG says it will expand commercial vehicle production through its Mercedes-Benz plant in Juiz de Fora in the state of Minas Gerais, Brazil, starting in 2011.
The Stuttgart-based company did not provide details Tuesday about cost, or what models it might produce, but said it … Read more >>.

Kerala government, opposition spar over Smart City Kochi project

THIRUVANANTHAPURAM – The Kerala assembly today witnessed uproarious scenes over the proposed Rs.1,500 crore Smart City Kochi project, the work on which has been stalled amid differences between the builder and the government.

The Congress-led opposition criticised the government for its “poor” handling of the project, saying it had reached a stage which can be summed …. Read the original article  : here.

Larsen & Toubro bags orders worth Rs.1,126 crore

NEW DELHI – Engineering and construction major Larsen and Toubro (L&T) Tuesday said one of its units has secured orders worth Rs.1,126 crore for metallurgical, material handling and water sector projects.

Among the orders are a Rs.300-crore contract from Sterlite Industries to construct a copper smelter plant in Tamil Nadu and a Rs.210-crore project from Hindalco … Read more »».

Brazil announces $880 bn infrastructure plan

Brasilia, March 30 (IANS/EFE) Brazil has announced plans to build $880 billion-worth of infrastructure between 2010 and 2016.

The projects are part of an economic stimulus programme whose first phase is half-completed, President Luiz Inacio Lula da Silva announced Monday.
The new plan, named the ‘Growth Acceleration Program 2′ or PAC 2, emphasises on increasing the … Read more »».

Irish government prepares to outline plans for banks; further nationalization expected

Ireland seen nationalizing more banks in new plan

DUBLIN – Ireland’s government prepared Tuesday to announce new steps to solve its banking crisis, with the effective nationalization of two or three more banks expected to be part of the process.
Finance Minister Brian Lenihan, who was briefing the Cabinet on his plans Tuesday morning, spoke of solving [..] Read the original article: here.

Euro higher to $1.3515 in European morning trade after Greek bond sale reassures markets

Euro keeps rising as Greek bond sale reassures

FRANKFURT – The euro has continued to rise against the dollar after Greece was able to raise ???5 billion ($6.7 billion) through a bond issue.
The 16-nation euro is at $1.3515 in European morning trade Tuesday, from $1.3463 late Monday in New York.
The British pound is higher, buying $1.5048 … Read more >>.

Oil rises to near $83 in Asia, extending gains as stock markets climb

Oil rises to near $83 as Asian equities gain

SINGAPORE – Oil prices rose to near $83 a barrel Tuesday in Asia, extending gains from the previous day fueled by a U.S. dollar drop and surging equity markets.
Benchmark crude for May delivery was up 41 cents to $82.58 a barrel at late afternoon Singapore time in … Read the original article on Gaea Times at : Oil rises to near $83 in Asia, extending gains as stock markets climb.

SAIL to form venture with Shipping Corporation

NEW DELHI – Steel Authority of India Ltd (SAIL) will form a joint venture company (JVC) with the Shipping Corporation of India (SCI) that will cater to the growing raw material import needs of the steel maker.

“SAIL is keenly focused on ensuring its long-term raw material security and will continue to give thrust on logistics … Read : SAIL to form venture with Shipping Corporation.

G-8 club of wealthy nations push ahead in drive for new Iran sanctions

G-8 nations press Iran sanctions drive
OTTAWA – Top diplomats from the world’s leading economies are ramping up pressure on Iran to prove its nuclear ambitions are peaceful, renewing calls for the country to be hit with new international sanctions if it fails to comply.
In meetings outside the Canadian capital … Read this article on Gaea Times at : G-8 club of wealthy nations push ahead in drive for new Iran sanctions.

Auction Calendar ??? LAF

The Reserve Bank of India announces the calendar of auction for Liquidity Adjustment Facility (LAF) for the quarter April – June 2010. There is no change in the existing terms and conditions under which the Liquidity Adjustment Facility auctions are conducted.
Calendar for overnight Repo and Reverse Repo Auctions

Date of …. Source  : Auction Calendar ??? LAF.

Irish carrier Aer Lingus says full-year loss increases 18 percent to $176 million

Aer Lingus full-year loss widens 18 pct
DUBLIN – Irish airline Aer Lingus Group PLC on Tuesday said its full year loss widened by 18 percent in 2009 to euro130 million ($176 million) as revenue declined amid a painful recession.

The figure compared with the previous year’s loss of euro109.8 million. Revenue fell from euro1.35 billion to … Read the original article on Gaea Times at : Irish carrier Aer Lingus says full-year loss increases 18 percent to $176 million.

DSM chemicals sells fertilizers, melamine businesses to Orascom for $418 million

DSM sells fertilizer arm for $418 million
AMSTERDAM – Royal DSM NV, the Dutch chemicals company, says it will sell its fertilizer and melamine businesses to Egypt’s Orascom Construction Industries for ???310 million ($418 million).

The fertilizer business makes high-nitrogen fertilizers for agricultural crops. Melamine is used in laminates used on furniture and flooring.
DSM said the disposal …. Read the original article  : DSM chemicals sells fertilizers, melamine businesses to Orascom for $418 million.

Food inflation coming down: Cabinet secretary

NEW DELHI – Food inflation is coming down, with sugar and vegetable prices falling and other indicators remaining stable, cabinet secretary K.M. Chandrashekhar said Tuesday.

Sugar prices have come down. Pulses have come down. Wheat and rice are stable. Edible oils are stable. Vegetables are coming down, Chandrashekar told reporters on the sidelines of a conference …. Source  : Gaea News Network.

CEO says Ice Edge still on track to purchase Coyotes, hires former Arizona AG to finalize deal

Ice Edge CEO says Coyotes purchase still on track

GLENDALE, Ariz. – The head of Ice Edge Holdings says his company remains on track to purchase the Phoenix Coyotes, despite widespread speculation that the acquisition is in trouble over financing.
Chief executive officer Anthony LeBlanc also says the company has hired former Arizona attorney general Grant Woods … Read more >>>.

US and Vietnam sign nuclear energy and security agreement

US and Vietnam sign nuclear energy agreement
HANOI, Vietnam – The United States and Vietnam signed an agreement Tuesday that may pave the way for U.S. firms to help build nuclear plants in the Southeast Asian country as it strives to meet booming energy demand.
The new agreement addresses nuclear safety and nonproliferation concerns and …. Source  : Gaea News Network.

Oil hovers above $82 in Asia after US dollar drop, stock rally fuels jump previous day

Oil hovers above $82 after leaping previous day

SINGAPORE – Oil prices were steady above $82 a barrel Tuesday in Asia, pausing after a leap the previous day fueled by a U.S. dollar drop and surging equity markets.
Benchmark crude for May delivery was up 6 cents to $82.23 a barrel at midday Singapore time in electronic …. Source article on Gaea Times at  : Oil hovers above $82 in Asia after US dollar drop, stock rally fuels jump previous day.

Japan’s industrial output falls in February for the first time in year; jobless rate steady

Japan’s factory output down, jobless rate steady

TOKYO – Cautious Japanese companies laid off more workers and hit the brakes on production in February, sending factory output down for the first time in a year.
Industrial production in the world’s second-biggest economy retreated 0.9 percent from January, following 11 consecutive months of gains, the government said Tuesday. …. Source  : Japan’s industrial output falls in February for the first time in year; jobless rate steady.

Toyota holds quality meeting to help repair reputation; promises quicker complaint response

Toyota promises quicker response on quality issues

TOYOTA, Japan – Toyota promised Tuesday to respond faster to customer complaints as it held its first meeting of a committee of quality experts set up to help salvage a reputation battered by massive recalls and reports of runaway vehicles.
Toyota Motor Corp. appointed chief quality officers in key regions …. Original article on Gaea Times at  : Toyota holds quality meeting to help repair reputation; promises quicker complaint response.

Pakistan puts Buddhist tourism back on track

ISLAMABAD – Tourism in Pakistan, affected by Islamist violence since 9/11, is expected to get a boost with the promotion of the major Buddhist heritage site that cradled the first century Gandhara civilisation.

Led by monks from Thailand, the World Fellowship of Buddhists (WFB) is on its first official visit to the country for promotion of … Read more »».

As protests roil Thai capital, former leader Thaksin trots globe, rallies supporters by video

Fugitive Thaksin continues global wanderings

BANGKOK – From Dubai to Sweden and now Russia: It’s been a busy travel week for Thailand’s fugitive former leader Thaksin Shinawatra.
As tens of thousands of his rural supporters camp out in Bangkok, pressing the government to call fresh elections, the 60-year-old tycoon is trotting the globe in search of business …. Original article  : As protests roil Thai capital, former leader Thaksin trots globe, rallies supporters by video.

Premier Farnell launches enhanced free EAGLE software version 5.8

BANGALORE – Premier Farnell plc (LSE:pfl), the leading multi-channel, high service distributor, has announced the launch of EAGLE software version 5.8.

This enhanced version of CadSoft’s award winning software, Europe’s best selling CAD … Read more >>.

18th convergence India focusing on green ICT

NEW DELHI – Communications developing at a breathtaking pace is largely driven by devices, which are more compact but features added capabilities.

Growing competition has provided an ideal environment for technological innovations and new applications. “More importantly these devices and services are …. Source  : 18th convergence India focusing on green ICT.

German unemployment rate declines to 8.5 percent in March

German jobless rate down to 8.5 percent
BERLIN – Official data show the unemployment rate in Germany, Europe’s biggest economy, declined to 8.5 percent in March.

The unadjusted jobless rate is down from 8.7 percent in February. Federal Labor Agency chief Frank-Juergen Weise said Wednesday that the labor market benefited from a traditional spring revival.
The total number … Original source on Gaea Times at : German unemployment rate declines to 8.5 percent in March.

UK regulator says Sky broadcasting must offer sports channels to other retailers

UK regulator: Sky must share sports channels

LONDON – The U.K. broadcasting regulator said Wednesday that British Sky Broadcasting PLC must make its two main sports channels available to other retailers, a preliminary ruling Sky said it would appeal.
The regulator, OFCOM, said Sky should offer to supply Sky Sports 1 and 2 to other outlets, including …. Read the original article  : UK regulator says Sky broadcasting must offer sports channels to other retailers.

L&T bags contracts worth Rs.1,017 crore

NEW DELHI – Engineering and construction major Larsen & Toubro (L&T) said Wednesday it has bagged orders worth Rs.1,017 crore.

In a regulatory filing, the company said it has secured a major design and build order worth Rs.566 crore from Cognizant Technology Solutions India to build an IT campus, residential towers and factory buildings in Chennai. …. Source  : Gaea News Network.

A look at the perks and penalties in the new health care bill for small-business owners

Health care perks, penalties for small businesses

Some highlights of the health care law for small businesses:
PENALTIES – Companies aren’t required to offer insurance but face an annual $2,000-per-employee fee if the government ends up subsidizing workers’ coverage. Companies with fewer than 50 employees are exempt.
TAX CREDIT: Employers with 25 or fewer workers with average annual … Read this article on Gaea Times at : A look at the perks and penalties in the new health care bill for small-business owners.

Small businesses fret over new health law that mixes promised savings with added costs, fines

Small businesses fret over details of health law
BOSTON – Small-business owner Joe Ascioti says Massachusetts’ 2006 health care law has left him facing $15,000 in fines since it took effect. Now, he’s worried the nation’s new health care overhaul could bring similar woes to employers nationwide.
“The state has mandated something that is one … Read more »»».

Momentive plans research centre in Chennai

CHENNAI – US-based silicones manufacturer Momentive Performance Materials is planning to set up a research and development (R&D) centre in Chennai to meet local customer needs.

“We have a global R&D centre in Bangalore with 30 scientists. Though they are employees of General Electric they do dedicated work for us. There is a plan to set …. Original source  : Momentive plans research centre in Chennai.

Bank of Ireland in $2 billion loss for last 9 months of 2009, impairment charges top ???4 bln

Bank of Ireland makes 9-month loss of $2 billion

LONDON – Bank of Ireland on Wednesday reported a loss of euro1.47 billion ($2 billion) for the final nine months of 2009 as it booked impairment charges of just over euro4 billion on bad loans.
The earnings report came a day after the Irish government announced plans to … Read more >>>.

GOP leaders temper call for repealing health law, saying jobs, economy are key to fall races

GOP wary of health law repeal push in fall races
WASHINGTON – Top Republicans are increasingly worried that GOP candidates this fall might be burned by a fire that’s roaring through the conservative base: demand for the repeal of President Barack Obama’s new health care law.
It’s fine to criticize the health law … Read more >>>.

With Wash. wine industry at 650 and growing, winemakers seek new ways to set themselves apart

Washington wine industry tops 650 wineries

SUNNYSIDE, Wash. – Hugh and Kathy Shiels wanted to stand out when they started Cote Bonneville winery in 2001, and at $100 a bottle for their initial vintage, they certainly did.
Some criticized the eastern Washington winery for charging so much for unproven wines, but Cote Bonneville has received high scores …. Read the original article  : With Wash. wine industry at 650 and growing, winemakers seek new ways to set themselves apart.

Euro slips in early European trading as Greek worries persist, buys $1.3394

Euro slips below $1.34
FRANKFURT – The euro has slipped below $1.34 as concern persists over indebted Greece’s high borrowing costs and markets await eurozone unemployment figures.

The 16-nation currency bought $1.3394 in early European trading Wednesday – down from $1.3419 in New York late Tuesday.
The British pound slid to $1.5045 from $1.5061 and the dollar was … Read : Euro slips in early European trading as Greek worries persist, buys $1.3394.

Indian equities lose ground after firm start

MUMBAI – Indian equities started trade on a strong note in the last session of the current fiscal Wednesday but slipped into the red as investors resorted to profit booking.

The sensitive index (Sensex) opened at 17,602.39 points, against the previous close at 17,590.17 points, and moved up to 17,699.50 points. But the index subsequently slipped …. Source article on Gaea Times at  : Indian equities lose ground after firm start.

Asian stock markets mostly lower ahead of US jobs figures, holidays

Asian markets lower ahead of jobs data, holidays

HONG KONG – Asian stock markets were mostly lower Wednesday as investors pared bets ahead of a key U.S. jobs report on Friday and the Easter long weekend.
The lackluster trade in most markets followed gains the day before. The dollar strengthened against the euro and the yen, while [..] Read the original article: here.

Power-starved Bangladesh bans evening use of ACs

DHAKA – Bangladesh has banned use of air coolers and air conditioners during evening peak hours in all establishments, except hospitals and hotels, across the country to tackle the ongoing power crisis.

The government took the step Tuesday amidst reports that power cuts in major hospitals, including the Dhaka Medical college Hospital, had caused disruption in …. Source  : Gaea News Network.

Australia gives in-principle approval for Nomura unit to set up 2nd Australian stock exchange

Australia approves in principle 2nd stock exchange

CANBERRA, Australia – Australia is ending its stock exchange’s monopoly and has given approval in principle to a unit of Japanese brokerage Nomura to open a second exchange in a move to spur development of the industry, the financial services minister said Wednesday.
Australia needs to open its share market … Read this article on Gaea Times at : Australia gives in-principle approval for Nomura unit to set up 2nd Australian stock exchange.

Joblessness in Spain will rise to 19.4 percent in 2010

Madrid, March 31 (IANS/EFE) The unemployment rate in Spain will rise to 19.4 percent this year and 19.7 percent in 2011, the country’s central bank has said.

Job creation will not start until the “final quarters” of 2011, the Banco de Espaa said Tuesday in a report on the economic outlook for the country.
The central … Read more : Joblessness in Spain will rise to 19.4 percent in 2010.

Philippines defends airline safety after EU ban

MANILA – The Philippines Wednesday defended the safety of its airlines after the European Union banned all airlines from the South-East Asian country from flying into Europe.

Alfonso Cusi, director general of the Civil Aviation Authority of the Philippines, said the EU ban does not mean that Philippine aircraft are unsafe.
“Our aircraft meet the international … Read more »»».

Oil hovers above $82 in Asia after mixed supply report suggests US crude demand recovering

Oil hovers above $82 after mixed US supply report

SINGAPORE – Oil prices hovered above $82 a barrel Wednesday in Asia after a report gave mixed indications about the strength of U.S. crude demand.
Benchmark crude for May delivery was up 4 cents to $82.41 a barrel at late afternoon Singapore time in electronic trading on the …. Source article on Gaea Times at  : Oil hovers above $82 in Asia after mixed supply report suggests US crude demand recovering.

Japan’s corporate gloom lifting as exports bolster business confidence

Japan business confidence rises on global recovery

TOKYO – Japanese companies are regaining lost confidence and feeling less somber, the central bank said Thursday, thanks to an export boom that is lifting the country’s corporate gloom.
Growing faith in the global recovery produced solid numbers in the Bank of Japan’s quarterly “tankan” survey of business sentiment. The … Original source on Gaea Times at : Japan’s corporate gloom lifting as exports bolster business confidence.

Global markets gain as Japan, China reports boost confidence; Tokyo up 1.4 percent

World stocks up after Japan,China economic reports

HONG KONG – Asian stock markets rose Thursday as signs of growing strength at powerhouse economies China and Japan brightened the outlook for the world recovery. European shares also gained in early trade.
Major markets were higher by 1 percent or more, turning around from a lackluster session the day …. Read the original article  : here.

Euro falls to $1.35 as Greek debt woes continue, eurozone reports higher unemployment

Euro falls to $1.35 in European morning trade

FRANKFURT – The euro is lower against the dollar amid lingering worries about Greece’s debt problems and rising unemployment in Europe.
The 16-nation euro is at $1.35 in European morning trade Thursday, down from $1.3510 late Wednesday in New York.
The British pound trades at $1.5228 from $1.5181, while the … Read this article on Gaea Times at : Euro falls to $1.35 as Greek debt woes continue, eurozone reports higher unemployment.

Himachal still hopeful of getting tax holiday package

SHIMLA – Political parties in Himachal Pradesh are still hopeful that the central government will restore the tax exemption scheme that has drawn industries from several sectors to the state in the past seven years.

The tax holiday scheme expired Wednesday. The National Democratic Alliance government had granted a special industrial development package to the state … Read more >>.

Money Market Operations as on March 31, 2010

…. Source article  : Money Market Operations as on March 31, 2010.

Scheme of Ways and Means Advances (WMA) to the State Governments for the Fiscal Year 2010-11

On a review of the State-wise limits of Normal Ways and Means Advances for the year 2009-10, the Reserve Bank of India has decided to keep these limits unchanged for the year 2010-11. Accordingly, the aggregate Normal WMA limit for the State Governments inclusive of the [..] Read the original article: here.

Obama travels to Maine to promote health care overhaul’s benefits for small business

Obama to promote health bill’s business benefits
WASHINGTON – President Barack Obama is promoting his health care law’s benefits for small businesses as he tries to rally public support for the massive overhaul.
During a speech Thursday in Portland, Maine – the second stop in a series of appearances to sell the reforms …. Read the original article  : Obama travels to Maine to promote health care overhaul’s benefits for small business.

UK regulator proposes sharp reduction in mobile phone connection fees

UK regulator calls for cut in mobile phone charge

LONDON – A U.K. regulatory agency on Thursday proposed a steep reduction in connection charges for mobile phone users.
The regulator OFCOM proposed to cut the so-called “mobile termination rate” in stages from 4.3 pence ($0.065) per minute to half a pence per minute by 2015.
The mobile termination … Read the original article on Gaea Times at : UK regulator proposes sharp reduction in mobile phone connection fees.

Publicity drive launched in Orissa for census 2011

BHUBANESWAR – The Orissa government Thursday launched a massive publicity drive for census 2011, spreading awareness among people about the importance of providing necessary data for the operation, an official said.

The Census of India, 2011 shall be conducted in two phases, namely, house listing operation and population enumeration. The house listing will be conducted in … Read more »»».

Dai-ichi Life Insurance soars in biggest IPO in 12 years

TOKYO – Shares of Dai-ichi Life Insurance Co, Japan’s second-largest life insurer, surged 14 percent to 160,000 yen ($1,713) when they made their debut Thursday on the Tokyo Stock Exchange after the nation’s largest initial public offering (IPO) in more than a decade.

The insurer, formerly a mutually owned company, was valued at 1.4 trillion …. Read the original article  : Dai-ichi Life Insurance soars in biggest IPO in 12 years.

Iran nuclear envoy in China for talks after easing of Beijing stance on new sanctions

Iran top nuclear envoy arrives in China for talks

BEIJING – Iran’s top nuclear negotiator arrived Thursday for talks with Chinese officials, just after Beijing appeared to drop its opposition to possible new U.N. sanctions against Tehran over its uranium enrichment program.
China has veto power in the U.N. Security Council and ending its opposition would be … Read the original article on Gaea Times at : Iran nuclear envoy in China for talks after easing of Beijing stance on new sanctions.

One third of youth in Italy are jobless

Rome, April 1 (IANS/AKI) At least one in three youngsters in Italy is unemployed as the country still suffers the impact of global recession, according to a data released by the government.

Till February, there were about 2.13 million jobless in Italy out of the total 22.81 million population of employed people in the country, state … Read the original article on Gaea Times at : One third of youth in Italy are jobless.

Maruti first auto firm in India to sell million cars in a year

NEW DELHI – Indo-Japanese automobile giant Maruti Suzuki has become the first company in India to sell over a million passenger cars during a fiscal year, with as many as 1,018,365 vehicles rolling out of its showrooms during 2009-10.

The company sold 870,790 vehicles in the domestic market and exported 147,575 vehicles out of India, both … Read : Maruti first auto firm in India to sell million cars in a year.

2 surveys show China’s manufacturing acclerated in March on strong export, domestic demand

Surveys: China manufacturing accelerated in March

SHANGHAI – China’s manufacturing accelerated in March as the dampening impact of winter weather and a long holiday the previous month eased and both exports and domestic sales recovered, two surveys showed Thursday.
The state-affiliated China Federation of Logistics and Purchasing said its purchasing managers index, or PMI, rose to 55.1 … Read more »».

Asian markets gain as Japan, China reports boost confidence; Tokyo up 1.3 percent

Asia stocks up after Japan, China economic reports

HONG KONG – Asian stock markets rose Thursday as signs of growing strength at powerhouse economies China and Japan brightened the outlook for the world recovery.
Major markets were higher by 1 percent or more, turning around from a lackluster session the day before. Oil prices traded above $84 …. Read the original article  : here.

Indian equities open on firm note

MUMBAI – Indian equities began trading on the first day of the new fiscal on a firm note, with a key market index up nearly 100 points within an hour of trading Thursday, backed by strong cues from other Asian markets.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,555.04 points against … Read more : Indian equities open on firm note.

India spells ‘easy’ terms for $1 bn loan to Bangladesh

DHAKA – Bangladesh says the terms set for the $1 billion loan offered by India during Prime Minister Sheikh Hasina’s New Delhi visit in January are “as easy as those of the Asian Development Bank (ADB)”.

India has offered the loan at 1.75 percent interest rate. Last week, it spelt the terms in a draft agreement …. Read the original article  : India spells ‘easy’ terms for $1 bn loan to Bangladesh.

BlackBerry holds No 1 position in US, posts $2.46-b profit

TORONTO – BlackBerry maker Research In Motion (RIM) reported 35 percent jump in its revenue over the previous fiscal year, netting in $15 billion in fiscal 2010.

The world leader in wireless communication posted a net profit of $2.46 billion for the current fiscal year ending Wednesday – up 29.8 percent from the previous year.
Interestingly, …. Read the original article  : here.

Current soda taxes too small to cut consumption or childhood obesity, study suggests

Study: Small soda taxes don’t dent obesity

ATLANTA – Small taxes on soda do little to reduce soft drink consumption or prevent childhood obesity, but larger levies probably would, according to new research.
The study is being released as a recent wave of proposals would raise soda taxes or create new ones on sugared beverages. But they’ll … Read more »».

Citigroup says Primerica IPO prices above expected range, raises $320.4 million

Citigroup’s Primerica IPO raises $320.4 million

NEW YORK – Citigroup says the initial public stock offering of its Primerica life insurance business has raised $320.4 million.
The bank said about 21.4 million shares in Primerica were sold at $15 each. That’s above Citigroup’s initial expectation of selling 18 million shares in a range of $12 to $14 …. Original article  : Citigroup says Primerica IPO prices above expected range, raises $320.4 million.

Rescue official says sounds heard in flooded Chinese coal mine where 153 workers trapped

Sounds heard in China mine where 153 trapped

BEIJING – Sounds of tapping and maybe shouts were heard Friday coming from the pipes of a flooded Chinese coal mine where 153 workers were trapped more than five days earlier, a rescue official said.
Rescuer Zhao Chuan told The Associated Press by telephone that rescuers at the Wangjialing [..] Read the original article: here.

Tourists throng Himachal for long weekend

SHIMLA – The sizzling heat wave in the north Indian plains and a long weekend have led to thousands of tourists thronging various destinations in Himachal Pradesh.

More than one lakh tourists are expected to reach the state for the Good Friday weekend, according to representatives of the hospitality industry.
“As usual, the response of …. Original article on Gaea Times at  : Tourists throng Himachal for long weekend.

Obama plans North Carolina trip to talk jobs programs, increase popularity

Obama heads to NC to talk jobs
WASHINGTON – President Barack Obama is pushing his administration’s plans to create jobs, a crucial campaign issue for Democrats as they look toward November’s midterm elections.
Obama planned remarks Friday at a North Carolina company that has hired new workers and expanded its operations with grants … Read more »»».

BHEL to invest Rs.690 cr for piping plant in Tamil Nadu

TIRUCHIRAPPALLI – Power equipment maker Bharat Heavy Electricals (BHEL) will invest Rs.690 crore to set up a new piping plant at Thirumayam in the state and expand its boiler division here.

The companys Board Thursday sanctioned Rs.250 crore for setting up a new piping plant at Thirumayam. The piping plant, apart from serving the current needs, …. Original article  : BHEL to invest Rs.690 cr for piping plant in Tamil Nadu.

India buys $70m worth of LNG from Trinidad

Port-of-SPAIN – Trinidad and Tobago exported US$70 m worth of liquified natural gas( LNG) to India in 2007, according to Trade and Industry Minister Mariano Browne.

Browne told a T&T/India Trade seminar that this gas export contributed to a trade surplus between both countries for the first time in 11 years.
“Between 1998 and 2006, trade …. Read the original article  : India buys $70m worth of LNG from Trinidad.

Healthy, stable economic relations will help both China and US: Hu

BEIJING – Healthy and stable economic and trade relations between China and the US serve the interests of both countries, Chinese President Hu Jintao said Friday.

Hu spoke with US President Barack Obama on the telephone Friday, where he hoped both sides could settle their trade disputes through dialogue and consultation, Xinhua news agency reported.
As … Original source on Gaea Times at : Healthy, stable economic relations will help both China and US: Hu.

Brickbats and bouquets for private power discom

AGRA – The transfer of power distribution from government to private hands has got a mixed response in this Taj city. More than 2,000 people had complaints while many others praised the private power discom Torrent Private Limited for its prompt response.

The transfer was not a smooth affair on the first day Thursday with … Read the original article on Gaea Times at : Brickbats and bouquets for private power discom.

Insurance for Goa’s pretty and prized coconut palms

PANAJI – The humble coconut is to Goans what perhaps the camel is to desert dwellers. So nearly 100,000 coconut palms in the coastal state of Goa are now set to be insured in an unprecedented exercise, complete with a physical examination of their girth!

Satish Tendulkar, director of agriculture, says since coconut is an important …. Original article on Gaea Times at  : Insurance for Goa’s pretty and prized coconut palms.

Home prices dip, sales up in the first quarter in high-profile Manhattan

Home prices down in Manhattan in 1Q; sales higher

NEW YORK – Home prices in Manhattan dipped in the first quarter of the year, but sales activity rocketed from last year’s low levels.
Two housing reports released Friday showed how Manhattan is navigating a choppy housing market recovery.
Sales have been helped by low mortgage rates and a …. Original source  : Home prices dip, sales up in the first quarter in high-profile Manhattan.

Employers expected to create jobs in March as recovery gains steam

Job creation expected in March as recovery builds

WASHINGTON – The economy is likely to have added jobs last month for only the second time since the recession began 27 months ago.
That, economists say, would mark a significant turning point in the recovery. It would mean the worst is over and that more job creation could … Read more »».

GM says China sales up 68 percent in March to monthly record 230,048

GM says China sales up 68 percent in March

SHANGHAI – General Motors Co. and its joint ventures say their sales jumped 68 percent in March over a year earlier to a new monthly record.
The 230,048 GM vehicles sold in March in China set a record for the 15th straight month, the company said Friday.
Sales in … Original article on : GM says China sales up 68 percent in March to monthly record 230,048.

Officials in CA’s Contra Costa County reach tentative deal on plan for tax refund to Chevron

Calif county reaches deal on tax refund to Chevron

RICHMOND, Calif. – Contra Costa County officials have reached a tentative agreement on a repayment plan for an $18 million tax refund the county owes Chevron Corp.
Officials say the county and its agencies reached a deal with the oil giant to pay $6 million on Aug. 1 …. Source article on Gaea Times at  : Officials in CA’s Contra Costa County reach tentative deal on plan for tax refund to Chevron.

Asian markets rise slightly as strong US manufacturing data suggests economy rebounding

Asian markets rise amid signs US poised for growth

SINGAPORE – Asian stock markets rose slightly Friday after expanding U.S. manufacturing suggested the world’s biggest economy is poised for solid growth this year.
Japan’s benchmark Nikkei 225 stock average rose 41.69 points, or 0.4 percent, to 11,286.09. South Korea’s Kospi was up 0.3 percent at 1,723.49 and …. Original article on Gaea Times at  : Asian markets rise slightly as strong US manufacturing data suggests economy rebounding.

Part of Elton John stage at Mexico’s Chichen Itza ruins partially collapses, injuring 3

Elton John stage at Mexico ruins partly collapses

MEXICO CITY – Part of the stage being set up for a weekend concert by singer Elton John at Mexico’s famed Chichen Itza ruins collapsed during construction, injuring three workers, authorities said Thursday.
Two of the workers were treated for slight injuries and released, and the third was hospitalized …. Original article  : Part of Elton John stage at Mexico’s Chichen Itza ruins partially collapses, injuring 3.

Verizon to record non-cash charge of $970 million related to recently passed health care bill

Verizon to take $970M charge from health care bill

NEW YORK – The corporate tax impact of the recent health care overhaul grew Thursday as Verizon Communications Inc. announced it will record a related $970 million non-cash charge in the first quarter.
So far at least 15 companies have disclosed about $2.8 billion in charges prompted by … Read more >>>.

FDIC sells $491M in distressed mortgages; Roundpoint Mortgage pays $34M for 50 percent stake

FDIC sells $491 million in home loans
WASHINGTON – The Federal Deposit Insurance Corp. has sold $490.7 million in troubled mortgage loans from 19 banks that failed between August 2008 and March 2009 as it works through an inventory of assets from the institutions it has taken over.

The FDIC said Thursday that the winning bidder in …. Original article on Gaea Times at  : FDIC sells $491M in distressed mortgages; Roundpoint Mortgage pays $34M for 50 percent stake.

Asian markets open higher in early trade after Wall Street rise on strong US mfg. data

Asian markets open higher in early trade
TOKYO – Asian stock markets climbed in early trading Friday following a rise on Wall Street, but gains in the region were limited with investors turning cautious ahead of the release of a U.S. job report later in the day.

Japan’s benchmark Nikkei 225 stock average rose 50.04 points, or …. Original article  : Asian markets open higher in early trade after Wall Street rise on strong US mfg. data.

Morgan Stanley pulling out of Revel casino development in Atlantic City, imperiling project

Morgan Stanley pulling out of Revel casino in NJ

ATLANTIC CITY, N.J. – Morgan Stanley said Thursday it is pulling out of the $2 billion Revel casino in Atlantic City and is prepared to take “a substantial loss” on the stalled project, into which it has already sunk $1.2 billion.
The company, which owns more than 90 … Original source on Gaea Times at : Morgan Stanley pulling out of Revel casino development in Atlantic City, imperiling project.

Product Recalls: hockey sticks, glass bottles, shelving units, heated jackets, power strips

Recalls: hockey sticks, glass bottles, jackets

The following recalls have been announced:
About 67,000 youth and junior hockey sticks, shafts and blades made in China and sold at sporting goods stores nationwide from February 2005 through March 2010. Another 60,000 in Canada have been recalled. Paint and decals on the products have high levels of lead, which …. Original article  : Product Recalls: hockey sticks, glass bottles, shelving units, heated jackets, power strips.

Southwest says reported WestJet deal with Delta could jeopardize its plans to serve Canada

Southwest-WestJet deal could be in jeopardy

DALLAS – Southwest Airlines Co. may be looking soon for a new partner to provide service to Canada.
Southwest has planned for more than a year to sell travel to Canada on board flights operated by Canada’s WestJet.
But Canadian media reports indicate that WestJet is talking about a similar deal with …. Source  : Gaea News Network.

Bulldogs tenacious about following The Butler Way, right into NCAA’s Final Four

Butler’s way leads to Final Four
INDIANAPOLIS – In today’s one-and-done college basketball world, team ball can be a tough sell.

At Butler, it’s the rule.
With most of its roster from Indiana or bordering states, Butler recruits are well-versed in the school’s expectations before they arrive on campus. If they’re not interested in playing the Butler way, … Read more : Bulldogs tenacious about following The Butler Way, right into NCAA’s Final Four.

Increase production of oilseeds, states told

NEW DELHI – The central government has asked the states to increase the production of oilseeds as the requirement of the crop in the country is continuously increasing.

“The domestic production of oilseeds, despite various efforts, is unable to keep pace with the demand,” said a letter sent by the agriculture ministry to the state governments …. Original article on Gaea Times at  : Increase production of oilseeds, states told.

PM enumerated for Census 2011

NEW DELHI – Prime Minister Manmohan Singh was Saturday enumerated for Census 2011. He urged the people to take part in the national population counting process as it forms the base for planning the level of India’s economic and social activities.

“The census of India is the most massive operation for compiling statistics anywhere in the [..] Read the original article: here.

Tri Energy Inc Ponzi Scheme

New York (GaeaTimes.com) – Tri Energy Inc is allegedly involved with a $50 million Ponzi Scheme. A daughter has taken brave steps against her mother who was involved with the scam. The daughter, Kim Flanigan reached her breaking point when she heard her widowed mother trying to convince a widow with nine children to invest …. Source article on Gaea Times at  : Tri Energy Inc Ponzi Scheme.

US has huge stake in closer ties with India: Geithner

WASHINGTON – The US has huge mutual stake in closer economic ties with India and a key focus of Treasury Secretary Timothy Geithner’s visit to New Delhi next week will be cooperation in the Group of 20 leading economies on three core areas: global growth, global recovery and financial reform.

“It’s about putting in place higher …. Original source  : US has huge stake in closer ties with India: Geithner.

Professional line-sitter not to get the world’s first iPad!

NEW YORK – With the iPad mania reaching its peak just hours before Apple starts selling its game-changing tablet in the US Saturday morning, there was bad news for someone special who has been heading the waiting line outside Apple’s Manhattan flagship since Tuesday to become the first person to get the gizmo.

Professional line-sitter Greg … Read more »».

Product Recalls: Some Marco Polo Shrimp Snacks

Recalls: Some Marco Polo Shrimp Snacks
The following recall has been announced:

Golden Pacific Foods, Inc. of Chino, Calif., is recalling some Marco Polo Brand Shrimp Snacks sold as Original, Onion & Garlic Flavored and Bar-B-Que Flavored, because they may contain undeclared milk and soy. People who have allergies to milk and soy run the risk of … Read : Product Recalls: Some Marco Polo Shrimp Snacks.

The Butler Way: Shoestring save typifies Butler’s unique blueprint for success

Butler’s Way leads team toward NCAA glory
INDIANAPOLIS – When Butler center Matt Howard needed an assist, it was little-used freshman Emerson Kampen who made the shoestring save.

Howard broke a shoelace before Friday’s practice – the one in front of 30,000 people at Lucas Oil Stadium – and Kampen quickly untied his left shoe, handed over … Read : The Butler Way: Shoestring save typifies Butler’s unique blueprint for success.

FBI investigating Alabama lawmakers on bill to legalize electronic bingo casinos

FBI probes Alabama lawmakers on bingo casino bill

MONTGOMERY, Ala. – The FBI is investigating possible public corruption involving Alabama lawmakers’ handling of a bill that could legalize electronic bingo casinos.
It’s the latest development in an issue that has set off angry rallies at the statehouse and caustic exchanges between political leaders.
Republican Gov. Bob Riley, who …. Source article on Gaea Times at  : FBI investigating Alabama lawmakers on bill to legalize electronic bingo casinos.

Economy adds 162,000 jobs for March, strong sign that recovery is finally taking hold

Economy adds jobs at fastest pace in three years
WASHINGTON – The nation added jobs at the fastest pace in three years last month as factories, stores, hospitals and the census all brought workers on board – the surest sign yet that the worst employment market in a generation has finally snapped back.
The unemployment [..] Read the original article: here.

Highlights of the March employment report, at a glance

Highlights of March jobs report, at a glance

The nation’s economy generated 162,000 jobs last month as the unemployment rate remained 9.7 percent for the third straight month, the Labor Department said Friday. The report is the latest sign that the economic recovery is gaining momentum.
Here are other details from the report, at a glance.
JOB MARKET … Read this article on Gaea Times at : Highlights of the March employment report, at a glance.

Deep connection: West Virginia fans form strong bond with Mountaineers on Final Four trip

WVa’s love affair with Mountaineers runs deep

INDIANAPOLIS – The people of West Virginia have always been fervent sports fans, living through the university’s football and basketball programs and Pittsburgh Pirates baseball as a means to escape what can sometimes be a tough life.
It’s the kind of place where people could, before the advent of television, …. Original source  : Deep connection: West Virginia fans form strong bond with Mountaineers on Final Four trip.

General Motors repays $1 billion of bailout, Hartford Financial repays $3.4 billion

GM, Hartford repay $4.4b of bailout money
WASHINGTON – The Treasury Department says automaker General Motors Co. and insurer Hartford Financial Services Group Inc. have repaid billions of bailout dollars.

Treasury says GM repaid $1 billion of $6.7 billion in loans it received as part of a $50 billion rescue. Hartford repaid its entire $3.4 billion bailout.
The …. Source  : Gaea News Network.

WellPoint CEO Angela Braly’s sees a 51 percent boost in compensation in 2009

WellPoint CEO gets 51 percent compensation boost

NEW YORK – The president and CEO of health insurer WellPoint Inc. received a 51 percent boost in compensation in 2009, mainly on larger grants of stock options and a performance bonus as profit and shares gained ground.
Angela Braly’s overall compensation rose to $13.1 million from $8.7 million in …. Source article on Gaea Times at  : WellPoint CEO Angela Braly’s sees a 51 percent boost in compensation in 2009.

Charlotte bowl to drop Meineke sponsorship after 2010 event after failed negotiations

Charlotte bowl to drop Meineke sponsorship

CHARLOTTE, N.C. – Organizers of the Meineke Bowl terminated their title sponsorship agreement effective after this year’s game, which means there will likely be a different name for the event in 2011.
The move this week came after the Charlotte bowl couldn’t renegotiate the contract with Driven Brands Inc., parent company … Read the original article on Gaea Times at : Charlotte bowl to drop Meineke sponsorship after 2010 event after failed negotiations.

Cowboys release Pro Bowl LT Adams and safety Hamlin 2 years after both signed long-term deals

Cowboys release Pro Bowl LT Adams, S Hamlin

IRVING, Texas – The Dallas Cowboys have released five-time Pro Bowl offensive tackle Flozell Adams and safety Ken Hamlin two years after both signed long-term contracts.
Adams was coming off his 12th season and was the longest-tenured player on the team, having started 178 of his 182 games for [..] Read the original article: here.

Ark. gov shows not all incumbents are toxic; what can other candidates learn from his example?

Ark. governor shows not all incumbents are toxic
LITTLE ROCK, Ark. – At a time when many incumbents – especially Democratic ones – are in political peril across the country, Arkansas Gov. Mike Beebe finds himself in remarkably good shape.
He is both an incumbent and a Democrat – and serving in a … Read this article on Gaea Times at : Ark. gov shows not all incumbents are toxic; what can other candidates learn from his example?.

New guidelines say homes tainted by Chinese drywall, many in the South, should be gutted

Feds: Homes with Chinese drywall must be gutted

NEW ORLEANS – Thousands of U.S. homes tainted by Chinese drywall should be gutted, according to new guidelines released Friday by the Consumer Product Safety Commission.
The guidelines say electrical wiring, outlets, circuit breakers, fire alarm systems, carbon monoxide alarms, fire sprinklers, gas pipes and drywall need to be … Original article on : New guidelines say homes tainted by Chinese drywall, many in the South, should be gutted.

Northwest Pipe hires new CEO to focus on resolving accounting investigation

New Northwest CEO to focus on investigation

VANCOUVER, Wash. – Welded steel pipe company Northwest Pipe on Friday accepted the resignation of its CEO and hired a new one as an internal investigation over accounting issues continues.
Brian Dunham will continue to serve as president and a member of the company’s board, the company said.
Replacing him as …. Source  : Northwest Pipe hires new CEO to focus on resolving accounting investigation.

US mocks Venezuelan space initiative, says Chavez should concentrate on earthly pursuits

US mocks Venezuelan space plans
WASHINGTON – The Obama administration on Friday dismissed Venezuelan President Hugo Chavez’s suggestion that his country wants to set up a space program with Russian help.
The State Department said that Venezuela and Russia are free to cooperate in any area they want but pointed out that the populist Chavez’s … Original source on Gaea Times at : US mocks Venezuelan space initiative, says Chavez should concentrate on earthly pursuits.

Thousands of jobs await Indians in Gulf: NRI industrialist

NEW DELHI – The Gulf is on the verge of a boom and there will be thousands of jobs for skilled Indians, especially in the petrochemical sector, says Ravi Pillai, managing director of the Saudi Arabia-based Nasser S. Al-Hajri Corporation.

Billions of dollars are being invested in major projects in the Gulf, particularly in Saudi Arabia … Read more >>>.

Shimla to get laser lights

SHIMLA – To make this popular tourist destination brighter, the Himachal Pradesh government is installing laser lights and high-mast lights in the town, an official said Sunday.

“Two laser lights and eight high-mast lights would be installed in the town this month. This would give the town a more fairytale look during the night,” Tourism Director … Read more >>>.

Assocham seeks service tax exemption on rural sales

NEW DELHI – The Associated Chambers of Commerce and Industry of India (Assocham) has urged the government to exempt companies from paying service tax on marketing and sales promotions in rural areas.

In a post-budget memorandum submitted to Finance Minister Pranab Mukherjee, Assocham president Swati Piramal said the next level of growth will come from rural … Original article on : Assocham seeks service tax exemption on rural sales.

India market soars for business jet makers

NEW DELHI – With the number of billionaires and high net worth individuals in India growing, business jet makers are intensifying efforts to sell their aircraft in India which industry sources say will need over 250 aircraft in the next 10 years.

“We are very optimistic about India. We have good business here as India is …. Source article on Gaea Times at  : India market soars for business jet makers.

Potato growers in Bengal stare at bleak future

KOLKATA – Potato farmers in West Bengal are battling a problem of plenty. Some are resorting to burning their crop as a bumper harvest has sent prices of the tuber nosediving, cold storage facilities are inadequate and refrigerated containers for exports are unavailabile.

The state, which is the second largest producer of potatoes in the country … Read : Potato growers in Bengal stare at bleak future.

Apple iPad will take time to hit Indian market

NEW DELHI – Craving to get your hands on the Apple iPad? Wait for a while as it will be still some time before it becomes available in the Indian market.

Experts also believe that the tablet will create a new user segment in India.
Unveiled in January, the iPad lets users browse the web, …. Source  : Gaea News Network.

Neyveli Lignite’s power plant to be ready this fiscal

CHENNAI – Power equipment major Bharat Heavy Electricals Limited (BHEL) has announced that Neyveli Lignite Corporation Limited’s (NLC) 2×250 MW Circulating Fluidised Bed Combustion (CFBC) power plant will be commissioned this fiscal.

“The project will be commissioned before the end of this fiscal. We have sorted out the technical issues,” P.R. Shriram, BHEL’s executive director, told …. Source article  : Neyveli Lignite’s power plant to be ready this fiscal.

Russia, Venezuela sign energy, defence deals

Caracas, April 4 (IANS/EFE) Venezuela and Russia have bolstered bilateral ties during a visit to the South American country by Prime Minister Vladimir Putin. They have signed dozens of accords in a range of sectors, most notably defence and energy.

At the end of the ceremony in which several of the agreements were inked, Venezuelan President … Read : Russia, Venezuela sign energy, defence deals.

Butler’s injury, rare defensive letdown doom West Virginia in 78-57 loss to Duke at Final Four

West Virginia bounced from Final Four by Duke

INDIANAPOLIS – His nose nearly touching Da’Sean Butler’s, Bob Huggins cradled his star player’s head, began stroking his face and offered a few calming words – anything he could to ease some of the agony.
The coach called “Huggy Bear” by those who know him best didn’t care about …. Read the original article  : Butler’s injury, rare defensive letdown doom West Virginia in 78-57 loss to Duke at Final Four.

Kudankulam nuclear power project delayed

CHENNAI – The delay in the arrival of components for the upcoming 2,000 MW nuclear reactor at Kudankulam in Tamil Nadu has led to the postponement of the commissioning of the first unit of the project by a few months, an official said.

Service providers for the project like the Bharat Heavy Electricals Ltd (BHEL) are … Read this article on Gaea Times at : Kudankulam nuclear power project delayed.

CAPITAL CULTURE: Adopt-a-child scam among tales from history of White House Easter Egg Roll

CAPITAL CULTURE: Tales from WH Easter Egg Roll
WASHINGTON – If it’s Easter Monday in Washington, it’s time for the White House Easter Egg Roll.
The White House is getting ready, putting on the finishing touches before the gates open and 30,000 men, women and children scramble to take part in the annual …. Source  : Gaea News Network.

Looks like an unlikely NCAA final between Duke and … Butler?

Duke in control against WV, Butler awaits
The Blue Devils’ three-headed monster has been absolutely dominant.

Jon Scheyer has a game-high 20 points to go with five assists, Nolan Smith has four 3s and 19 points, and Kyle Singler has 18 points, seven rebounds and five assists.
Throw in Brian Zoubek if you want a quartet. He has … Read more : Looks like an unlikely NCAA final between Duke and … Butler?.

Holiday bookings through ’smartphone’, a new trend: Study

BERLIN – Vacationers across the world prefer using smartphone for holiday bookings through internet to making direct calls to hotels or airlines, says a latest study.

A new trend in online tourism marketing is fast catching up and close to 25 percent of people are now reserving hotel rooms and booking flight tickets on the Apple … Read this article on Gaea Times at : Holiday bookings through ’smartphone’, a new trend: Study.

Butler in NCAA finals, Duke has comfortable lead over WV in second half

Butler in NCAA finals, Duke leading late
The Blue Devils had a hop in their step as they retreated to the sideline during a timeout, just after Nolan Smith melted down the entire shot clock before scoring on a driving layup for a 67-52 lead with just over 7 minutes to go.

The Mountaineers have been unable … Original source on Gaea Times at : Butler in NCAA finals, Duke has comfortable lead over WV in second half.

WV-Duke: Da’Sean Butler hurt and Duke is leading over West Virginia

WV-Duke: Da’Sean Butler hurt and Duke is leading

Da’Sean Butler’s rough night has just gotten a whole lot worse.
The Mountaineers’ star drove to the basket and collapsed in a heap, immediately grabbing at his left leg and holding his hand over his face. It looked like his left knee buckled as he planted just before running …. Source article on Gaea Times at  : WV-Duke: Da’Sean Butler hurt and Duke is leading over West Virginia.

Will it be Duke and Butler? Blue Devils leading WV well into second half

Will it be Duke and Butler? Blue Devils leading WV

That’s a tough series for the Deniz Kilicli. And the Mountaineers.
Kilicli got called for traveling after moving his pivot foot on offense, then came down on defense and fouled Jon Scheyer on a 3-point attempt. Scheyer made two of them to push the Blue Devils to …. Read the original article  : Will it be Duke and Butler? Blue Devils leading WV well into second half.

Final Four: Can WV rally? Mountaineers try to catch Duke

Can WV rally? Mountaineers try to catch Duke

Make it a 15-0 advantage in second-chance points for the Blue Devils, after Kyle Singler tracked down a blocked shot and found Nolan Smith wide open on the wing. His fourth 3-pointer put Duke back ahead 46-38 with 15:44 remaining.
The Blue Devils are 8 of 16 from beyond … Read more : Final Four: Can WV rally? Mountaineers try to catch Duke.

Final Four: Duke ahead early in second half as WV tries to get back in it

Final Four: Duke ahead early in second half

If the Mountaineers are going to rally against Duke, they had better start converting on the rare instances in which they pull down an offensive rebound.
West Virginia had about four tries on a trip down the floor moments ago and came away empty, and the Blue Devils still … Original article on : Final Four: Duke ahead early in second half as WV tries to get back in it.

Plant owner says V-Vehicle founder/CEO out; new CEO cancels lease but wants another agreement

Plant owner: V-Vehicle lease canceled, founder out

MONROE, La. – Founder Frank Varasano has been replaced as chief executive officer of V-Vehicle Co., the San Diego-based company created to build fuel-efficient cars, the company says.
Ray Lane, a managing partner of V-Vehicle’s largest investor – the venture capital firm Kleiner Perkins Caufield Byers LLP – is running … Read : Plant owner says V-Vehicle founder/CEO out; new CEO cancels lease but wants another agreement.

Greenberg anticipates complicated Rangers sale to be completed within a few weeks

Greenberg says Rangers sale close to finished

FRISCO, Texas – The sale of the Texas Rangers could be completed by time the team plays its second homestand of the season in late April.
Pittsburgh sports attorney Chuck Greenberg, who is heading the investment group buying the team, anticipates the complex deal to be completed the week of … Read more : Greenberg anticipates complicated Rangers sale to be completed within a few weeks.