Flash memory demand drives Japan’s Toshiba back to black in fiscal 4Q

Toshiba books $531 million profit in January-March

TOKYO – Toshiba Corp. returned to profit in the January-March quarter, driven by growing global demand for the flash memory chips used in devices from cameras to music players.
The Japanese conglomerate – whose vast business spans household appliances to nuclear power systems – said Friday it booked a fourth … Read this article on Gaea Times at : Flash memory demand drives Japan’s Toshiba back to black in fiscal 4Q.

On not-so-secret trip to China, NKorea’s Kim says willing to rejoin nuke talks but no date set

NKorea’s Kim reaffirms nuke talks on trip to China
BEIJING – North Korea’s reclusive leader reaffirmed Friday that he was willing to rejoin long-delayed nuclear disarmament talks while on a not-so-secret trip to China, but gave no firm date for restarting the process that Pyongyang abandoned more than a year ago.
Kim Jong Il’s private, …. Source article  : On not-so-secret trip to China, NKorea’s Kim says willing to rejoin nuke talks but no date set.

World markets slide following Dow collapse; pound slildes after uncertain UK election result

World stocks slide on Dow collapse, debt crisis

LONDON – World markets fell sharply Friday following a huge sell-off on Wall Street and amid fears that Europe’s debt crisis could spread and derail the global economic recovery.
In Britain, where investors were grappling with uncertain general election results, the FTSE 100 index was down 52.86 points, or … Read the original article on Gaea Times at : World markets slide following Dow collapse; pound slildes after uncertain UK election result.

Planning Commission chief Ahluwalia to address inaugural Bahrain Global Forum

Mumbai, May 7 (ANI-Business Wire India):The Deputy Chairman of the Indian Planning Commission, Dr. Montek Singh Ahluwalia, will be the keynote speaker at the IISS Bahrain Global Forum.

A new annual event, the IISS Bahrain Global Forum will bring together government ministers and officials, business leaders and economists … Read : Planning Commission chief Ahluwalia to address inaugural Bahrain Global Forum.

TRAI invites comments on green telecom

NEW DELHI – The telecom regulator has invited stakeholders’ views on “green telecom” by June 14 to prepare a consultation paper on the subject as the government is committed to the use of eco-friendly equipment in the information and communications technology (ICT) sector.

“Telecom Regulatory Authority of India (TRAI) is contemplating to come up with a … Read more »»».

German parliament to vote on rescue loan package for debt-ridden Greece

German parliament seen approving Greek bailout

BERLIN – Germany’s finance minister told lawmakers Friday that there is no alternative to approving a rescue package for debt-laden Greece, and parliament was expected to give it the go-ahead.
Germany is to grant as much as ???22.4 billion ($28.6 billion) in credit over three years as part of a wider …. Original source  : German parliament to vote on rescue loan package for debt-ridden Greece.

Krishna to visit Kazakhstan Tuesday

NEW DELHI – External Affairs Minister S.M. Krishna will go on a three-day visit to oil-rich Kazakhstan Tuesday to scale up cooperation in diverse sectors including energy and infrastructure with India.

Krishna will hold talks with his Kazakh counterpart Kanat Saudabayev on a range of economic, energy and security ties.
The two ministers hope to [..] Read the original article: here.

Power, water starved Bangalore looks to skies (Letter from Bangalore)

BANGALORE – Monsoon is still nearly five weeks away for Karnataka, and one prayer on the lips of its residents is that rains should be bountiful. People, including those in Bangalore, touted as India’s technology capital, have been sweating it out without power and water.

Till the time the monsoon descends, some Bangalore residents are being …. Source  : Gaea News Network.

European stocks fall sharply at open as world markets buckle under Greek debt crisis

European stocks fall sharply at open
LONDON – The wave of selling in world markets is continuing in Europe amid a huge sell-off on Wall Street, fears that Greece’s debt crisis is spreading and an uncertain general election result in Britain.
Minutes after the open, the FTSE 100 index of leading British shares was 1.3 … Read the original article on Gaea Times at : European stocks fall sharply at open as world markets buckle under Greek debt crisis.

Sensex recovers after court verdict, falls again

MUMBAI – A benchmark index for Indian equities, which recovered after the Supreme Court ruled that the government had sole rights on pricing and utilisation of national resources, slipped back into the red and was ruling 229 points lower during noon trade Friday.

The apex court in its verdict said the memorandum of understanding between brothers …. Source article  : Sensex recovers after court verdict, falls again.

Pansonic reduces losses on global sales recovery, banks on 3-D for new growth

Panasonic reduces losses on sales recovery

TOKYO – Panasonic slashed its losses for the January-March quarter to just under $1 billion as the world’s biggest maker of plasma TVs benefited from a recovery in global sales.
Panasonic Corp. said Friday its loss for the fiscal fourth quarter was 88.9 billion yen ($971 million) compared with a 444.3 …. Read the original article  : here.

Reserve Bank Cancels the Licence of Parmatma Ek Sewak Nagrik Sahakari Bank Ltd., Nagpur, Maharashtra

In view of the fact that Parmatma Ek Sewak Nagrik Sahakari Bank Ltd., Nagpur, Maharashtra had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors were being inconvenienced by continued uncertainty, the Reserve Bank of India … Original article on : Reserve Bank Cancels the Licence of Parmatma Ek Sewak Nagrik Sahakari Bank Ltd., Nagpur, Maharashtra.

\’Ethical hacking is a booming industry\’

CHANDIGARH – Cyber security expert Ankit Fadia, who prefers to call himself an \\\”ethical hacker\\\”, believes every institution needs trained hands to ensure foolproof safety for their systems and this industry can offer huge job opportunities.

Fadia, 24, who has a bachelors degree in computer science from Stanford University in California, runs a consulting …. Source article on Gaea Times at  : \’Ethical hacking is a booming industry\’.

Asian Markets Makes Hermes International Happy

HONGKONG, CHINA (GaeaTimes.com)-Demand for the leather goods in the Asian Markets are boring in satisfying results for Hermes International which have witnessed a first quarter sale of 19 percent. Reportedly, the sales figures in the Asian Markets happens to be a tremendous boost to the French fashion house which have gained a increment for the … Read this article on Gaea Times at : Asian Markets Makes Hermes International Happy.

NKorea’s Kim Jong Il leaves China after affirming nuke disarmament talks but no dates set

Kim leaves China after affirming nuke talks
BEIJING – North Korean leader Kim Jong Il left China on Friday after a secretive five-day visit that reaffirmed the importance of long-delayed nuclear disarmament talks but produced no firm dateline for rejoining that process.
Kim’s armored train crossed the border back into North Korea midmorning after leaving …. Read the original article  : NKorea’s Kim Jong Il leaves China after affirming nuke disarmament talks but no dates set.

Asian stocks sink on fears Greek debt crisis could spread after record Dow drop

Asian stocks sink on Europe debt fears
SINGAPORE – Asian stocks sank Friday following a huge sell-off on Wall Street as fears that Greece’s debt crisis could spread to other European nations continued to rattle investors.
Japan’s benchmark Nikkei 225 stock average dropped 331.10 points, or 3.1 percent, to 10,364.59, South Korea’s Kospi tumbled 2.2 … Read : Asian stocks sink on fears Greek debt crisis could spread after record Dow drop.

Ill. Democrats begin pushing forward state budget that delays pension money, trims spending

Ill. Democrats moving budget that shorts pensions

SPRINGFIELD, Ill. – Democrats in the Illinois Legislature began pushing forward Thursday with a budget that would shortchange troubled pension systems and give the governor broad new power over spending.
The Illinois Senate approved it 31-26 early Friday morning, just hours after the 2,300-page plan was introduced. It moves to … Original source on Gaea Times at : Ill. Democrats begin pushing forward state budget that delays pension money, trims spending.

Britain’s top 2 parties _ Labour and the Conservatives _ locked in election standoff

UK’s top 2 parties locked in election standoff

LONDON – Liberal Democrat leader Nick Clegg says he’ll take his time to decide if his party will strike any pact with Britain’s two major parties after an inconclusive election ended in political standoff.
Clegg said his party has suffered a “disappointing” result, and urged all sides to take … Read more »».

Completed Punjab projects get inauguration blues

HOSHIARPUR – Guess why a bus stand, a flyover and a bridge in Hoshiarpur district are under security cover now. The ruling political masters have not been able to spare time to inaugurate them – and they don’t want the structures to fall into the hands of opposition leaders either!

Leaders of the ruling Akali Dal-Bharatiya … Read more >>.

Euro-zone nations to meet in Brussels to finalize Greek rescue plan

Euro-zone nations to finalize Greek rescue plan

BRUSSELS – The 16 leaders of the euro zone meet in Brussels Friday to finalize the Greek rescue plan and assess how such financial crises can be avoided in the future. In Berlin, Germany’s parliament will vote on its contribution to the loan package.
Greek lawmakers approved drastic austerity cuts … Read this article on Gaea Times at : Euro-zone nations to meet in Brussels to finalize Greek rescue plan.