Business News – Newsletter for May 16, 2010
Sunday, May 16, 2010
Brazil’s president seeks nuclear compromise with Iranian leaders, as US pushes for sanctions
Brazil’s leader seeks nuclear compromise with Iran
TEHRAN, Iran – Brazil’s president met with Iranian leaders Sunday to try to broker a compromise in the international standoff over Tehran’s nuclear program, even as the U.S. says new sanctions are the only way to force Iran’s cooperation.
Luis Inacio Lula da Silva is trying to use Brazil’s friendly …. Read the original article : here.
Indian wheat expensive, says Dhaka
DHAKA – Bangladesh will not buy Indian wheat as it finds its price higher than the international market, a senior official has said.
The Bangladesh government is reluctant to import wheat from India, which has lifted a three year ban on exports, due to its higher price than Russia, Turkey and Ukraine, director general of … Read more »»».
Tata plans to set up power plant in Bangladesh
DHAKA – Nitol-Niloy, the Bangladesh partner of Indian conglomerate Tata Group, plans to set up a 1,000MW power plant in a joint venture that will be the largest in the country.
“We will conduct a feasibility study and report to Tata management,” said Abdul Matlub Ahmad, chairman of Nitol-Niloy Group.
Ahmad said he discussed the project … Read the original article on Gaea Times at : Tata plans to set up power plant in Bangladesh.
Urban amenities for rural India – with private help
NEW DELHI – Here’s an idea that, if it works, could change the face of rural India. The government has begun partnering private players for rural development with the aim of providing urban amenities in villages and checking migration to cities.
The scheme for Provision of Urban Amenities to Rural Areas (PURA), an idea propounded by … Read : Urban amenities for rural India – with private help.
Ratan Tata honoured with Global Indian award in Canada
VANCOUVER – Tata Group chairman Ratan Tata was honoured with the Chanchlani Global Indian Award by the Canada India Foundation at the third annual gala here Saturday.
Tata has been given the award for his leadership, vision and professional excellence. The award carries a special cash prize of $225,000 and a citation.
Bestowing the honour on …. Source article on Gaea Times at : Ratan Tata honoured with Global Indian award in Canada.
BSNL to provide 3G telecom services at affordable prices
NEW DELHI – State-run Bharat Sanchar Nigam Ltd (BSNL) will provide third generation (3G) telecom services at affordable rates and bridge the rural-urban digital divide, company chairman and managing director Kuldeep Goyal said.
3G services facilitate faster connectivity and enable applications such as Internet TV, video-on-demand, audio-video calls and high-speed data exchange.
“By making 3G services [..] Read the original article: here.
Top Republican rivals get in last jabs before Kentucky’s US Senate primary showdown Tuesday
GOP US Senate rivals in last dash to KY primary
GEORGETOWN, Ky. – Rand Paul called for checking big government spending and Trey Grayson took last jabs at his top Republican rival for the U.S. Senate, revisiting their main campaign themes at a GOP dinner Saturday night as their primary showdown loomed.
Sharing a …. Original article : Top Republican rivals get in last jabs before Kentucky’s US Senate primary showdown Tuesday.
GOP Senate rivals to make final joint appearance before Kentucky’s Senate primary
Paul echoes major campaign themes as primary nears
GEORGETOWN, Ky. – Rand Paul called for checking big government spending and Trey Grayson took last jabs at his top Republican rival for the U.S. Senate, revisiting their main campaign themes at a GOP dinner Saturday night as their primary showdown loomed.
Sharing a stage the last …. Source : Gaea News Network.
Miners vote to approve deal with Rio Tinto and end California borate mine lockout
Miners approve deal to end California mine lockout
BORON, Calif. – Some 75 percent of locked-out mine workers voted Saturday to approve a settlement with the operators of a huge borate mine in California’s Mojave Desert, ending an impasse that began in January, a union spokesman said.
Miners approved the six-year deal between their International Longshore Warehouse [..] Read the original article: here.
Canadian fighter jets escort Cathay Pacific plane from Hong Kong into Vancouver
Cathay Pacific plane from HK escorted to Vancouver
VANCOUVER – Canadian fighter jets escorted a Cathay Pacific airliner incoming from Hong Kong to a safe landing in Vancouver International Airport on Saturday due to a potential unspecified security threat, a North American Aerospace Defense Command spokesperson said.
The Canadian Press news agency cited Canadian Defense department officials … Read more »».
Brushing aside anti-incumbent talk, Lincoln talks up clout as Ark. Senate primary nears
Lincoln talks up clout as Ark. primary approaches
EAST CAMDEN, Ark. – Days before Arkansas voters deliver a verdict on her political career, Democratic Sen. Blanche Lincoln spent Saturday telling them that she’s built up the clout in Washington to best represent the state’s interests.
Lincoln, who is trying to fend off a primary challenge from Lt. …. Source : Brushing aside anti-incumbent talk, Lincoln talks up clout as Ark. Senate primary nears.
NYC agency: Hundreds of city cab drivers repeatedly overcharged riders, could lose licenses
NY agency: 600-plus cabbies repeatedly overcharged
NEW YORK – Hundreds of New York City cab drivers accused of repeatedly overcharging passengers will face a special tribunal.
The city’s Taxi and Limousine Commission on Friday issued the results of a monthlong probe into data revealing elevated meter-based charges over the past two years. The agency said 88 drivers …. Original article on Gaea Times at : NYC agency: Hundreds of city cab drivers repeatedly overcharged riders, could lose licenses.
Specter senses ‘victory in the air,’ renews attacks on Sestak, at Philly union rally
Specter feels ‘victory in the air’ at Philly rally
PHILADELPHIA – U.S. Sen. Arlen Specter told a union rally Saturday that “victory is in the air” and reprised his charges that Democratic primary challenger Joe Sestak is misleading voters in Tuesday’s Democratic primary and skipping too many votes in the U.S. House of Representatives.
Sestak, a second-term …. Source : Specter senses ‘victory in the air,’ renews attacks on Sestak, at Philly union rally.
End of Minnesota’s legislative session is in sight, but budget deal is not
End of Minn. session in sight _ budget deal is not
ST. PAUL, Minn. – Minnesota lawmakers slid Saturday toward the end of the legislative session without a deal to address a $3 billion deficit, prolonging the uncertainty about how the state will pay its bills as its bank account empties.
While Democratic leaders held out hope …. Source article on Gaea Times at : End of Minnesota’s legislative session is in sight, but budget deal is not.
Opposition to GM crops forced government rethink: Scientist
CHANDIGARH – Eminent scientist P.M. Bhargava Saturday said the majority of the people in the country are against genetically modified (GM) food crops and this forced the government to rethink its policy on such products.
“With a majority of people opposing the entry of GM foods, government of India was forced to stall the bill …. Source : Opposition to GM crops forced government rethink: Scientist.
Hopes for budget compromise dim as Calif. faces deep cuts, even deeper political polarization
Hopes for budget compromise dim amid Calif deficit
SACRAMENTO, Calif. – Having already cut billions from state programs and tried tax increases, Gov. Arnold Schwarzenegger and legislative leaders from both parties say they are in no mood to compromise as they face California’s latest summer of fiscal gloom.
Schwarzenegger on Friday released his revised spending plan for … Original source on Gaea Times at : Hopes for budget compromise dim as Calif. faces deep cuts, even deeper political polarization.
Goa gets new vehicles to patrol beaches
PANAJI – To curb the spate of crimes against foreign tourists in Goa, a tourism trade body Saturday donated 15 jeeps and seven motorcycles to the state government to enable the patrolling of beaches.
The fleet was handed over by the World Travel and Tourism Council (WTTC) India initiative chairperson Arjun Sharma to Chief Minister … Original source on Gaea Times at : Goa gets new vehicles to patrol beaches.
Even before crash, high frequency traders shook markets with penny bets at millisecond speeds
Secretive speed traders in spotlight after crash
NEW YORK – If you saw a penny on the sidewalk, would you pick it up?
You may think it’s not worth the effort, but a breed of investors who have been in the news do. Using super-fast computers, high-frequency traders in effect bend down to pick up pennies lying …. Source : Gaea News Network.
‘Law & Order’ was a glimpse into New York’s many faces _ and a mini-economy for its actors
New York’s faces: ‘Law & Order’ showed ‘em all
Since television was born, TV shows have been set in New York City. From “The Honeymooners” all the way to “30 Rock,” generations of New Yorkers have grown up seeing their hometown used as a backdrop, or even a central character, in everything from sitcoms and cartoons … Read : ‘Law & Order’ was a glimpse into New York’s many faces _ and a mini-economy for its actors.
RInfra to acquire additional 850 MW
MUMBAI – Reliance Infrastructure will acquire an additional 850 MW of electricity from the market to ensure there is no power shortage in Mumbai, a top official said Saturday.
“Mumbai is in shortage of around 650 MW of electricity. We will buy this shortfall from the market at regulated rates to keep our consumers from facing …. Source : RInfra to acquire additional 850 MW.