Tongas to go off roads, no second thoughts: MCD

NEW DELHI – The Municipal Corporation of Delhi (MCD) Monday said it will not reconsider the decision to pull out tongas, or horse-driven carriages, off the roads in the national capital.

Tongas, driven by horses, mules or ponies and used to ferry passengers or carry loads in areas of Old Delhi, have been asked to stop …. Source  : Tongas to go off roads, no second thoughts: MCD.

Vodafone launches handset at Rs.809 in Delhi

NEW DELHI – Cellular services provider Vodafone Essar Monday said it has launched here a low-cost handset at Rs.809 to make mobile phones accessible to the rural millions.

The company said it would roll out the phone, Vodafone 150 (VF 150), in other parts of India over the next few days.
“The cost of … Original article on : Vodafone launches handset at Rs.809 in Delhi.

World stock markets climb as Europe sets massive defense package for euro

World markets climb as EU moves to defend euro

SINGAPORE – World stock markets surged Monday as the European Union agreed on a nearly $1 trillion defense package for the embattled euro, hoping to contain global fallout from Greece’s debt crisis and protect the common currency.
As trading opened in Europe, Britain’s FTSE 100 index soared 227.03 … Read the original article on Gaea Times at : World stock markets climb as Europe sets massive defense package for euro.

RBI to publish report on food inflation

KOLKATA – The Reserve bank of India (RBI) will come out with a report on food inflation in a few weeks time, deputy governor of the central bank Subir Gokarn said Monday.

“The paper would study whether the food price rise is due to less monsoon last year or it is due to the impact of [..] Read the original article: here.

Research group: China passenger car sales climb 34 percent in April as surge in demand slows

Growth in China passenger car sales slows in April

SHANGHAI – Growth in China’s passenger car sales slowed to 34 percent in April as a yearlong surge in demand began to falter, a private research group reported Monday.
Sales had jumped 63 percent in March from a year earlier.
The 1.11 million cars sold in April was down … Read the original article on Gaea Times at : Research group: China passenger car sales climb 34 percent in April as surge in demand slows.

US Transportation Secretary says more fines for Toyota are a possibility

US official says more fines for Toyota possible
TOYOTA, Japan – Transportation Secretary Ray LaHood said Monday the U.S. wants to see results from Toyota’s efforts to improve safety, and more fines would be imposed if needed.
“If a fine is required, I think everyone recognizes now that safety is our number one priority, and … Read more »».

Sensex holding firm in afternoon trade

MUMBAI – A benchmark index for Indian equities Monday extended its morning gains and in afternoon trade was ruling 2.59 percent higher than its previous close.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,799.49 points, was ruling at 17,203.79 points, 434.68 points or 2.59 percent higher than its previous …. Read the original article  : here.

ICT solutions to transform healthcare, bridge India’s rural-urban health divide

New Delhi, May 10 (ANI-Business Wire India): Apollo Hospitals, Asia’s largest health care provider, and Cisco today announced an alliance to help transform health care through information and communications technology (ICT).

The joint initiative will help drive inclusive growth and wellbeing … Read the original article on Gaea Times at : ICT solutions to transform healthcare, bridge India’s rural-urban health divide.

Done with pro sports, some ex-athletes look to political office

Ex-sports pros in races for political office

LAKE OSWEGO, Ore. – Gubernatorial candidate Chris Dudley ducked through the coffeehouse door, and the barista shouted a greeting. Several people waiting in line looked up – way up – and smiled in recognition.
The first thing everybody notices about Dudley is his height.
At 6-foot-11, with a broad body that … Original source on Gaea Times at : Done with pro sports, some ex-athletes look to political office.

Shutdown hits life in Srinagar

SRINAGAR – Normal life was adversely affected by a shutdown called by the bar association here Monday as authorities imposed restrictions in the old city areas, officials said.

The shutdown was called by the association against what it alleged was a “collapse of judiciary, maltreatment meted out to political prisoners, and veiled attempts to change the … Read more : Shutdown hits life in Srinagar.

Farmers say even recession didn’t bring Americans back to farm work, immigration reform needed

Farmers: Immigration reform needed for ag workers

MONTPELIER, Vt. – Even during the recession, foreign workers harvested vegetables, milked cows and picked apples on many U.S. farms, doing work that farmers say Americans don’t want to do.
Most Americans shy away from jobs such as hand-picking tomatoes or cutting cabbage because the work is seasonal, physically tough, …. Read the original article  : Farmers say even recession didn’t bring Americans back to farm work, immigration reform needed.

China reports more double-digit trade growth in April but quick action on currency unlikely

China April imports, exports grow strongly
BEIJING – China posted more double-digit trade growth in April in a positive sign for its recovery, but analysts said Beijing is unlikely to move quickly to let its currency rise because global demand still is too weak.
Imports jumped 49.7 percent over a year earlier to $118.2 billion, … Read : China reports more double-digit trade growth in April but quick action on currency unlikely.

Over 360 Chinese newspapers to be shut down

BEIJING – Over 360 newspapers or periodicals in China – or three percent of the nation’s total publications – would be shut down over the next three years.

A total of 188 newspapers and periodicals were closed in 2009, after China’s General Administration of Press and Publication introduced a market-oriented competition plan in 2008 that …. Source article  : Over 360 Chinese newspapers to be shut down.

Japan PM, hoping to break impasse, gathers Cabinet to discuss US base move

Japan PM meets Cabinet to discuss US Marine base
TOKYO – Japan’s prime minister has approved a draft proposal on the relocation of a major U.S. Marine base, paving the way for Japanese and U.S. officials to formally negotiate the plan later this week, reports said Monday.
Prime Minister Yukio Hatoyama, whose public approval levels …. Original article on Gaea Times at  : Japan PM, hoping to break impasse, gathers Cabinet to discuss US base move.

EU sets up $1 trillion eurozone/IMF defense package to protect euro from disintegration

EU creates $1 trillion package to save euro

BRUSSELS – European foreign ministers and EU leaders are voicing optimism that the $1 trillion plan to prevent its debt crisis from undermining the euro and derailing the global economy was working as hoped.
EU foreign affairs chief Catherine Ashton says the plan is good both for Europe and …. Read the original article  : here.

Stock exchange execs, SEC to discuss conflicting trading rules that may have sparked plunge

Exchange execs, SEC to discuss trading rules

WASHINGTON – Financial regulators have summoned the heads of major exchanges including the New York Stock Exchange Euronext and Nasdaq OMX Group to Washington on Monday to discuss how conflicting trading rules may have contributed to Thursday’s historic stock market plunge.
Securities and Exchange Commission Chairman Mary Schapiro on Friday …. Source  : Stock exchange execs, SEC to discuss conflicting trading rules that may have sparked plunge.

Iran launches first ‘homemade’ car

TEHRAN – Iran is moving towards technical independence with the launch of a new domestic automobile plant that will produce over 150,000 “homemade” cars every year and provide employment to over 23,000 people, President Mahmoud Ahmadinejad has said.

“The Iranian nation has showed the world that it has absolutely no need for foreign assistance, be it …. Read the original article  : Iran launches first ‘homemade’ car.

Sensex rises 1.26 percent at opening bell

MUMBAI – A benchmark index for Indian equities Monday started off the week’s trade in the green, rising 1.26 percent, at opening bell.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,799.49 points, was ruling at 16,980.48 points, 211.37 points or 1.26 percent higher than its previous close at 16,769.11 …. Original article  : Sensex rises 1.26 percent at opening bell.

Study says US cancer costs almost double in 20 years _ but not because of pricey treatments

US cancer costs double in nearly 20 years
ATLANTA – The cost of treating cancer in the United States nearly doubled over the past two decades, but expensive cancer drugs may not be the main reason why, according to a surprising new study.

The study confounds conventional wisdom in several respects. The soaring price of new cancer …. Original article on Gaea Times at  : Study says US cancer costs almost double in 20 years _ but not because of pricey treatments.

Money Market Operations as on May 07, 2010

…. Source article on Gaea Times at  : Money Market Operations as on May 07, 2010.

India tops in originating spam, phishing in Asia: Report

BANGALORE – Hackers have kept pace with India’s leap into the internet world, making the country number one in Asia for originating the highest number of spams and phishing, says a study by global security solutions provider Symantec.

“India ranked first in the Asia-Pacific and Japan region and third highest in the world as the originating …. Source  : Gaea News Network.

Texans owner says Cushing had “issue” with league; AP to take revote on rookie award

Texans owner: More info needed on suspensions

NEW YORK – Houston Texans owner Robert McNair says he’d like more information to be provided to the team when a player has a league suspension pending.
McNair said Monday he knew during the 2009 season that linebacker Brian Cushing had “an issue” with the NFL. McNair was given no … Read more >>>.

China inflation rises as food costs jump; Chinese stocks fall on fears of credit clampdown

China inflation rises as housing, food costs jump

BEIJING – China’s inflation accelerated in April, triggering a selloff in Chinese stocks Tuesday on fears of overheating and a possible credit clampdown by Beijing that might slow the country’s economic recovery.
April consumer prices rose 2.8 percent from a year earlier, below Beijing’s full-year target of 3 percent … Read more »»».

German government approves its share of $1 trillion rescue package to bolster the euro

German govt approves share of euro rescue package

BERLIN – The German government says it has approved the country’s contribution to the $1 trillion rescue package for the euro.
A government official told The Associated Press on Tuesday that the cabinet adopted plans for legislation promising German guarantees for at least euro123 billion ($157 billion) in loans …. Read the original article  : German government approves its share of $1 trillion rescue package to bolster the euro.

World stocks fall as rally after EU debt bailout fizzles out

World stocks fall as EU bailout rally peters out

SINGAPORE – World stocks fell Tuesday as a relief rally triggered by a $1 trillion plan to contain Europe’s debt crisis fizzled out.
Europe opened lower and most Asian markets couldn’t sustain gains for a second day running after initially trading higher following Monday’s broad advance.
As elation faded … Read : World stocks fall as rally after EU debt bailout fizzles out.

UAE to host aviation search and rescue forum

Abu Dhabi, May 11 (IANS/WAM) The United Arab Emirates (UAE) will host the International Civil Aviation Organisation (ICAO) Global Civil Aviation Search and Rescue Forum here June 21-22.

The UAE General Civil Aviation Authority (GCAA) will host the forum in cooperation with the ICAO.
“The outcomes of this international civil aviation search and rescue forum will … Original article on : UAE to host aviation search and rescue forum.

Hitachi narrows annual loss from record red ink on cost cuts, sees first profit in 5 years

Hitachi trims annual loss, sees return to profit

TOKYO – Hitachi Ltd., which makes everything from home appliances to nuclear reactors, narrowed its annual loss from record red ink the previous year and forecast it would return to profit for the first time in five years.
The Japanese manufacturer said Tuesday its net loss was 106.9 billion … Read the original article on Gaea Times at : Hitachi narrows annual loss from record red ink on cost cuts, sees first profit in 5 years.

Liberal Democrat leader Nick Clegg says anxious to resolve Britain’s political impasse

Britain: Clegg ‘impatient’ to resolve impasse

LONDON – Liberal Democrat leader Nick Clegg says he is anxious to resolve Britain’s political impasse and hopes his party can make an announcement on its decision as quickly as possible.
Speaking outside his London home on Tuesday, Clegg said he is “as impatient as anyone else to resolve matters one [..] Read the original article: here.

Spain closes airports in Canary Islands, Seville and Jerez because of volcanic ash

Volcanic ash closes 7 Spanish airports
MADRID – Spanish authorities say seven airports are closed because of ash from the volcano in Iceland.

The Spanish National Airport Authority says airports in the Canary islands of Tenerife, La Palma and La Gomera are closed since 5 a.m. (0300 GMT, 11 p.m. EDT Monday) Tuesday, likely affecting dozens of … Read more >>.

Oil falls to near $76 a barrel in Asia as euro drops day after $1 trillion bailout plan

Oil falls to near $76 a barrel as traders eye euro

SINGAPORE – Oil prices fell to near $76 a barrel Tuesday in Asia after investor euphoria over a $1 trillion European debt bailout evaporated and the euro weakened.
Benchmark crude for June delivery was down 63 cents to $76.17 a barrel at late afternoon Singapore time … Read more >>.

Britain’s Brown waited a decade for a chance to lead, but says he’ll go for the country’s good

Brown waited a decade for chance to lead
LONDON – Gordon Brown has been Britain’s prime minister for nearly three years, but never really settled into the job he’d long coveted.

Before Brown moved into 10 Downing Street, he was both Tony Blair’s loyal treasury chief and the discontented shadow who lurked behind him. In the end, … Read more »»».

Kan. House approves bill raising state’s sales tax to bolster budget, sending it to governor

Kan. House passes sales tax hike, sends it to gov.

TOPEKA, Kan. – An increase in Kansas’ sales tax cleared the Legislature early Tuesday morning, a change that will force consumers to pay more for groceries and other items to protect public schools and government services from cuts.
The House voted 64-61 for a bill boosting the … Read more >>.

Toyota cruises back into the black in latest quarter with $1.2 bln profit amid sales recovery

Toyota quarterly profit $1.2 bln as sales recover

TOKYO – Toyota cruised back to profit in the latest quarter as the world’s top carmaker cut costs and hitched a ride on the global auto sales recovery while fighting to salvage its reputation for quality.
Toyota Motor Corp. said Tuesday that January-March profit totaled 112 billion yen ($1.2 …. Read the original article  : here.

Emami plans big foray into Africa in cash crops, power

KOLKATA – Indian personal care and ayurvedic medicines major, the $165- million Emami group, is making a big foray into Africa not just in their traditional lines of businesses but also in contract farming and power generation, a top official has said.

“In Ethiopia, Emami Biotech has been allotted 100,000 acres of land by the Investment … Read : Emami plans big foray into Africa in cash crops, power.

Toyota reports profit for January-March quarter, marking reversal from deep losses a year ago

Toyota reports profit for January-March quarter

TOKYO – Toyota cruised back to profit in the latest quarter as the world’s top carmaker cut costs and hitched a ride on the global auto sales recovery while fighting to salvage its reputation for quality.
Toyota Motor Corp. said Tuesday that January-March profit totaled 112 billion yen ($1.2 billion) compared … Read this article on Gaea Times at : Toyota reports profit for January-March quarter, marking reversal from deep losses a year ago.

Google’s Android outsells iPhone, threatens BlackBerry

TORONTO – Though the Canadian icon BlackBerry continues to maintain its lead in the US smart phone market, handsets with Google’s Android operating system may upset it soon, says a report released Monday.

In fact, the devices with the Google operating system have left Apple’s iPhone behind in the first quarterly sales, says the report.
Prepared …. Source  : Gaea News Network.

Asian stocks fall as rally after EU debt bailout fizzles out

Asian stocks fall as EU bailout rally peters out

SINGAPORE – Asian stocks fell Tuesday as a relief rally triggered by a $1 trillion plan to contain Europe’s debt crisis fizzled out.
Most of the region’s markets opened higher following a broad advance in Europe and on Wall Street but couldn’t sustain gains for a second day …. Source article  : Asian stocks fall as rally after EU debt bailout fizzles out.

With narrower losses last year, Sony in better shape ahead of big 3-D push

Sony shaves losses as it gears up for 3-D push

TOKYO – Japanese electronics and entertainment company Sony Corp. reports earnings for the fiscal year ended March 31 on Thursday. The following is a summary of key developments and analyst opinion related to the period.
OVERVIEW: Sony’s restructuring and cost cuts are paying off, with the company … Read more »»».

Brazil to promote biofuel use in aviation

Sao Paulo, May 11 (IANS/EFE) An alliance of aircraft manufacturers in Brazil, the Brazilian Alliance for Aviation Biofuels (Abraba), will promote “development and certification of sustainable biofuel” for use in air transport.

The 10-member group arrived at the decision based on cost of fuel and protecting the environment, aircraft manufacturer Embraer, one of the top aircraft … Read this article on Gaea Times at : Brazil to promote biofuel use in aviation.

Bill raising state’s sales tax to bolster budget remains in limbo in Kansas House

Sales tax increase in limbo in Kansas House

TOPEKA, Kan. – A state sales tax increase to bolster the state budget remains in limbo in the Kansas House.
The chamber held its voting open late Monday night and members switched their votes so that both supporters and opponents were prevailing at different times.
Results often change during voting, …. Original source  : Bill raising state’s sales tax to bolster budget remains in limbo in Kansas House.

Sensex 54 points up in volatile, range-bound trade

MUMBAI – A benchmark index for Indian equities Wednesday closed a tad higher in volatile but range-bound trade.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,141.53 points, closed at 17,195.81 points, 54.28 points or 0.32 percent up from its previous close.
At the National Stock Exchange (NSE), the … Original article on : Sensex 54 points up in volatile, range-bound trade.

David Cameron quietly goes to work on first full day as Britain’s prime minister

UK’s new prime minister embarks on first day

LONDON – British Prime Minister David Cameron has quietly begun his first full day at work, arriving at his new home No. 10 Downing Street but making no immediate announcements about the shape of his government.
Cameron, Britain’s youngest prime minister in two centuries, has a heavy agenda on …. Source article  : David Cameron quietly goes to work on first full day as Britain’s prime minister.

China’s ZTE wants to prove itself in India

NEW DELHI – ZTE India, the wholly-owned subsidiary of Chinese telecom equipment maker ZTE Corp, is looking at various options, from setting up a manufacturing plant to listing on the stock markets, to prove itself an “Indian company” and abide by all Indian security norms.

“We believe we are an Indian company with Indians in … Original article on : China’s ZTE wants to prove itself in India.

Home ministry to probe Chandigarh IT park land deals

CHANDIGARH – Controversial land deals worth billions of rupees at the Chandigarh Information Technology park have come under the scanner of the central ministry of home affairs.

The ministry has sent here a former IAS officer, Arun Ramanathan, to examine the land records and the deals.
Ramanathan will hold a three-day inquiry starting Wednesday and … Read the original article on Gaea Times at : Home ministry to probe Chandigarh IT park land deals.

Boeing gets equipment from BEL for Indian Navy aircraft

NEW DELHI – US aerospace major Boeing announced Wednesday that it has received key communications technology for the Indian Navy’s P-8I long-range maritime reconnaissance and anti-submarine warfare aircraft from Bharat Electronics Limited (BEL) a month ahead of schedule.

BEL delivered the Indian-designed Data Link II, a communications system that will enable exchange of tactical data and …. Source  : Boeing gets equipment from BEL for Indian Navy aircraft.

Spanish prime minister says civil servant salaries to be cut in deficit-reduction plan

Spain outlines plan to cut deficit
MADRID – Spain will cut civil servants’ salaries this year as part of a deficit-reduction plan to ease worries the country will slide into a debt crisis like that of Greece, the prime minister said Wednesday.

Jose Luis Rodriguez Zapatero told Parliament the average 5 percent reduction starting in June is …. Original article on Gaea Times at  : Spanish prime minister says civil servant salaries to be cut in deficit-reduction plan.

Shristi Infra to invest Rs.2,000 crore in three states

KOLKATA – Shristi Infrastructure Development Corporation said Wednesday it would invest Rs.2,000 crore over the next three years in seven smaller cities in three states.

The money would be used to build integrated townships, healthcare facilities, hospitality and sports facilities, retail malls, logistics hubs and commercial and residential complexes in West Bengal, Tripura and Rajasthan, company …. Original article on Gaea Times at  : Shristi Infra to invest Rs.2,000 crore in three states.

Anil Ambani calls on prime minister

NEW DELHI – Industrialist Anil Ambani called on Prime Minister Manmohan Singh here Wednesday, just days after the Supreme Court had ordered re-negotiation of the Krishna-Godavari gas supply pact with his older brother’s Reliance Industries.

The closed-door one-on-one meeting lasted around an hour.
Ambani declined comment on the purpose of the meeting and senior officials …. Source  : Gaea News Network.

Gold business flourishes in Gujarat ahead of Akshaya Tritiya

Ahmedabad, May 12 (ANI): Gold business flourishes in Gujarat ahead of Hindu festival Akshaya Tritiya, which would be celebrated across the country, on May 16.

Prices of gold are substantially higher this year, as compared to last year’s Akshaya Tritiya when gold … Original source on Gaea Times at : Gold business flourishes in Gujarat ahead of Akshaya Tritiya.

Vedanta Resources’ head abandons talk after Survival announces protest

London, May 12 (ANI): FTSE 100 mining company Vedanta Resources’ billionaire owner Anil Agarwal has pulled out of a London conference, where he was due to speak, after Survival International announced plans to demonstrate outside.

According …. Read the original article  : Vedanta Resources’ head abandons talk after Survival announces protest.

Asian stocks mixed amid concerns global economic growth may slow; Europe gains

Asia stocks mixed amid slowdown fear; Europe gains

SINGAPORE – Asian stock markets were mixed Wednesday amid concerns global economic growth will slow later this year as government stimulus spending winds down. European markets opened higher.
Japan’s benchmark Nikkei 225 stock average shed 17.07 points, or 0.2 percent, to 10,394.03, reversing gains from the morning session. Hong …. Original article on Gaea Times at  : Asian stocks mixed amid concerns global economic growth may slow; Europe gains.

Managers’ jobs at risk even after corporate restructuring

WASHINGTON – Managers who evade the axe when companies restructure can still be on a shakier ground, says a new study by the University of Illinois.

Corporate streamlining shifts the balance of workplace power toward firms, which use the added muscle to impose company-friendly wage and employment standards, it said.
“For the majority of managers, …. Source article on Gaea Times at  : Managers’ jobs at risk even after corporate restructuring.

Asian stocks fall, reversing early gains, amid concerns global economic growth may slow

Asian stocks fall on global slowdown concerns

SINGAPORE – Major Asian stock markets fell Wednesday amid concerns global economic growth will slow later this year as government stimulus spending winds down.
Japan’s benchmark Nikkei 225 stock average shed 28.90 points, or 0.3 percent, to 10,382.20, reversing gains from the morning session. Hong Kong’s Hang Seng index dropped …. Original article on Gaea Times at  : Asian stocks fall, reversing early gains, amid concerns global economic growth may slow.

High inflation a worry, but on the decline: Pranab

NEW DELHI – Finance Minister Pranab Mukherjee Wednesday voiced concern about high inflation but said it would ease due to a gradual fall in prices of food items.

“I am concerned about prevailing high rate of inflation,” said Mukherjee, addressing a conference organised by an industry lobby.
“The CPI (consumer price index) inflation is high … Original article on : High inflation a worry, but on the decline: Pranab.

Nuclear deal with Kazakhstan soon: Krishna

ASTANA – India and Kazakhstan will soon finalise a civilian nuclear agreement, which will facilitate Indian investments in mining and supply of uranium from the central Asian nation, External Affairs Minister S.M. Krishna said here Wednesday.

“I am confident that an Inter-governmental Agreement on Civilian Nuclear Energy cooperation will be finalized soon,” Krishna said at a … Read : Nuclear deal with Kazakhstan soon: Krishna.

NTPC Chhattisgarh plant to generate 660 MW by October

RAIPUR – Power utility NTPC will generate another 660 MW by October this year, commissioning a new unit of its coal-fired power plant at Sipat in Chhattisgarh, a company official said Wednesday.

Two units of the Sipat plant in the state’s Bilaspur district produce 1,000 MW. As part of its expansion plan, the company plans to … Read : NTPC Chhattisgarh plant to generate 660 MW by October.

Median home prices rise in nearly 60 percent of US metropolitan areas in first quarter

Median home prices up in 1Q
LOS ANGELES – Home prices rose in nearly 60 percent of U.S. cities in the first quarter of this year, as the housing market started to stabilize thanks to billions of dollars in federal spending.

The median sales price for previously occupied homes rose in 91 out of 152 metropolitan areas … Read : Median home prices rise in nearly 60 percent of US metropolitan areas in first quarter.

Ford shareholder meeting comes after big improvement from 2009, but big debt raises questions

For Ford shareholders, what a change from 2009

WASHINGTON – During the depths of the auto industry’s collapse a year ago, Ford told shareholders at its annual meeting that they might have to wait until 2011 before the company started making money again.
It turns out they didn’t have to wait that long.
Thanks to well-reviewed cars and …. Source  : Ford shareholder meeting comes after big improvement from 2009, but big debt raises questions.

Restructuring puts remaining workers at risk too

Washington, May 12 (ANI): At the time of restructuring, even workers who escape layoffs, end up being at risk, a new study by a University of Illinois labor expert found.

John Dencker, a professor of labor and employment relations, said that corporate streamlining shifts the balance of workplace power toward … Read the original article on Gaea Times at : Restructuring puts remaining workers at risk too.

Nevada casinos’ winnings down slightly in March; state’s tax revenues increase about 7 percent

Nevada casinos’ winnings drop slightly in March

CARSON CITY, Nev. – Nevada casinos won a little more than $912 million from gamblers in March, a slight decline from the same month a year ago but a sign that the state’s main industry may be leveling off after two years of steep drops brought on by the …. Source  : Gaea News Network.

Portland mayor fires police chief, says he wants to put bureau on ‘more proactive reform path’

Portland police chief fired following settlement

PORTLAND, Ore. – Portland Mayor Sam Adams fired the city’s police chief Wednesday, a day after the city agreed to pay $1.6 million to settle a lawsuit over the death of a mentally ill man in police custody.
Adams said at a City Hall news conference the factors that went into …. Source  : Portland mayor fires police chief, says he wants to put bureau on ‘more proactive reform path’.

Emirates Group posts 248 percent increase in profits

Dubai, May 13 (IANS/WAM) The Emirates Group’s net profits increased 248 percent to 4.2 billion UAE dirhams ($1.1 billion) during the financial year 2009-10.

The figures were revealed in its 2009-10 annual report released Wednesday. The Emirates Group comprises Emirates Airline, Dnata and their subsidiary firms.
Group revenue remained stable at 45.4 billion dirhams, reflecting …. Source  : Emirates Group posts 248 percent increase in profits.

Morgan Stanley, IBM, Intel, Electronic Arts among big market movers Wednesday

Morgan Stanley, IBM, Intel are active movers

NEW YORK – Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Morgan Stanley, down 58 cents to $27.80
The investment bank said it has no knowledge of a reported federal investigation into whether it misled investors over its role in mortgage … Read more >>.

UAE, Kazakhstan seek energy cooperation

Astana, May 13 (IANS/WAM) Kazakhstan and the United Arab Emirates (UAE) will form a committee to explore ways to boost bilateral cooperation, mainly in the energy sector.

The decision was taken at a joint committee meeting of the two countries in Astana Wednesday.
The meeting was held under the joint chairmanship of UAE Minister …. Original article on Gaea Times at  : UAE, Kazakhstan seek energy cooperation.

Daily Journal profit flat in 1st quarter as drop in expenses offsets revenue decline

Daily Journal profit flat in 1st quarter
SAN FRANCISCO – Daily Journal Corp., which publishes newspapers in California and Arizona, reported Wednesday that its net income was essentially flat in first three months of the year as a decline in expenses helped offset a drop in revenue.

According to a regulatory filing from the Los Angeles-based company, … Original article on : Daily Journal profit flat in 1st quarter as drop in expenses offsets revenue decline.

Americans’ spending falls in April from March; figures underscore uncertain economic picture

Report: April consumer spending falls from March

NEW YORK – Americans pulled back from the malls in April, spending less in retail outlets than they did in March, figures released Thursday show.
The lull comes on the heels of three straight month-to-month gains in the retail spending figures, released by MasterCard Advisors’ SpendingPulse.
April’s business was hurt by … Read : Americans’ spending falls in April from March; figures underscore uncertain economic picture.

HCC hives off IT division into a separate arm

MUMBAI – Ajit Gulabchand-promoted Hindustan Construction Company (HCC) has hived off its information technology division into a separate arm, Highbar Technologies, to tap the Rs.2,000 crore business in the infrastructure sector.

“As a business, our aim is to be a key player in the domestic untapped market for IT-enabled solutions for the infrastructure industry which currently … Read the original article on Gaea Times at : HCC hives off IT division into a separate arm.

Recalls: remote-controlled helicopters, snowboard boot bindings

Recalls: remote-controlled helicopters
The following recalls have been announced:

- About 46,000 remote-controlled helicopters, made in China and distributed by Imagine Nation Books Ltd./Books Are Fun, of Boulder, Colo. The rechargeable battery inside the helicopters can overheat, igniting the helicopter and posing fire and burn hazards. The company received nearly 50 reports of the helicopters overheating, including …. Read the original article  : here.

Food inflation creeps up after two weeks of decline

NEW DELHI – India’s annual food inflation rose 16.44 percent for the week ended May 1, reversing two consecutive weeks of decline, official data released Thursday showed.

The food inflation stood at 16.04 percent the previous week having declined from 16.61 percent during the week-ended April 17 against 17.65 percent of week-ended April 10.
Data on [..] Read the original article: here.

WNBA’s Shock sell out inaugural game in Tulsa; standing-room only tickets available

WNBA’s Shock sell out inaugural game in Tulsa

TULSA, Okla. – The Tulsa Shock have sold out all tickets for the WNBA franchise’s inaugural game in its new home.
The Shock will use only the lower bowl of the BOK Center, meaning they have sold out nearly 7,500 seats for Saturday’s opener against the Minnesota Lynx. Between …. Source  : WNBA’s Shock sell out inaugural game in Tulsa; standing-room only tickets available.

LA City Council OKs boycott of Arizona business to protest new illegal immigration law

LA OKs Arizona boycott over tough immigration law

LOS ANGELES – The City Council voted Wednesday to boycott Arizona businesses, making Los Angeles the largest city to take such action to protest the state’s tough new law targeting illegal immigration.
The 13-1 vote, which came after emotional discussion in which several council members recounted their immigrant ancestors, …. Source article  : LA City Council OKs boycott of Arizona business to protest new illegal immigration law.

Con-way offering 4.3 million common shares to raise funds for operations, capital spending

Con-way to sell 4.3 million shares of stock

SAN MATEO, Calif. – Trucking company Con-way Inc. on Wednesday said it will sell 4.3 million shares of common stock.
The company plans to grant the underwriters a 30-day option to purchase up to 645,000 additional shares to cover any over-allotments.
Net proceeds will be used for general corporate purposes …. Source article  : Con-way offering 4.3 million common shares to raise funds for operations, capital spending.

Cincinnati Bell to buy Texas-bsaed data center operator CyrusOne for $525 million cash

Cincinnati Bell buys data center operator CyrusOne

CINCINNATI – Cincinnati Bell Inc. on Wednesday said it will expand its data center services by buying Texas-based CyrusOne in a $525 million cash deal with private equity firm Abry Partners.
CyrusOne operates seven data centers in Houston, Dallas and Austin. It will become part of Cincinnati Bell’s technology solutions … Read : Cincinnati Bell to buy Texas-bsaed data center operator CyrusOne for $525 million cash.

Foreclosure filings sink 2 percent from April 2009, first yearly decline in 5 years

Foreclosures down 2 percent from last year

WASHINGTON – Millions of Americans are still likely to lose their homes in the coming years, but the foreclosure crisis is finally showing signs of subsiding.
The number of households facing foreclosure in April fell 2 percent from a year ago, the first annual decline in five years, RealtyTrac Inc. …. Original article on Gaea Times at  : Foreclosure filings sink 2 percent from April 2009, first yearly decline in 5 years.

Lions Gate shareholders vote in favor of voided ‘poison pill’ plan

Lions Gate shareholders OK voided ‘poison pill’

LOS ANGELES – Lions Gate Entertainment Corp. said Wednesday that 56 percent of its shareholders backed a plan that would block billionaire investor Carl Icahn’s buyout bid, even though Canadian regulators have rendered the plan ineffective.
The niche movie studio said about 44 percent voted against the shareholders rights plan. … Read this article on Gaea Times at : Lions Gate shareholders vote in favor of voided ‘poison pill’ plan.

PSS World 4th-qtr profit climbs, but results miss estimates; shares fall

PSS World Medical 4Q profit climbs 20 percent

JACKSONVILLE, Fla. – Medical products distributor PSS World Medical Inc. said Wednesday that its fiscal fourth-quarter profit rose 20 percent because the latest quarter had more selling days than the same period last year.
For the period ended April 2, PSS World’s profit grew to $16.5 million, or 28 …. Source  : Gaea News Network.

Portland mayor fires police chief 1 day after city settles suit over man who died in custody

Portland mayor fires police chief
PORTLAND, Ore. – Portland Mayor Sam Adams fired the city’s police chief Wednesday, a day after the city agreed to pay $1.6 million to settle a lawsuit over the death of a mentally ill man in police custody.

Adams said at a City Hall press conference the factors that went into his … Original source on Gaea Times at : Portland mayor fires police chief 1 day after city settles suit over man who died in custody.

Northrop Grumman awarded $186.6 million contract from Navy for design of aircraft carrier

Northrop gets $187M Navy carrier design contract

NEWPORT NEWS, Va. – Northrop Grumman Corp. on Wednesday said it was awarded a $186.6 million contract modification from the U.S. Navy to continue engineering and design for the USS Gerald R. Ford, a nuclear powered aircraft carrier now under construction.
The official kickoff ceremony for construction of the $7 … Original source on Gaea Times at : Northrop Grumman awarded $186.6 million contract from Navy for design of aircraft carrier.

Summary Box: Gold, silver rise as traders remain skittish about long-term health of currencies

Summary Box: Gold, silver reach new records

GOLD RUSH: Gold set an all-time high Wednesday, climbing as high as $1,249.20 an ounce, nearly $22 above the previous record of $1,227.50 set Dec. 3.
SILVER RECORD: Silver also set a new record. It touched $19.735 an ounce.
CURRENCY WORRIES: Gold and silver rallied in recent days because investors are … Read more : Summary Box: Gold, silver rise as traders remain skittish about long-term health of currencies.

Nitesh Estates: Hopes Held High

BANGALORE, INDIA (GaeaTimes.com)- Nitesh Estates which happens to be a major developer based out of Bangalore has gone ahead to have list down it’s issue price at the rate of Rs. 54 per share. Reportedly, Nitesh Estates and it’s issue prices gains ground with the rates as per the stands on NSE (National Stock … Read the original article on Gaea Times at : Nitesh Estates: Hopes Held High.

Diplomats: Iran sets up new equipment to improve efficiency of enrichment facility

Diplomats: Iran expands enrichment facility

VIENNA – Diplomats say that Iran has set up new equipment aimed at improving its ability to enrich uranium to higher levels.
They say that the equipment – an extra set of uranium enriching centrifuges – is not yet on line. But the diplomats add that if the centrifuges become operational they …. Source  : Diplomats: Iran sets up new equipment to improve efficiency of enrichment facility.

IIP Data Saves Buyers

MUMBAI, INDIA (GaeaTimes.com)- The Wednesday market is turning out to be fruitful for the Indian companies with the trading reports banking high on IIP Data. The leaders in the market are IT stocks and healthcare. Quite unexpectedly, all stocks for Telecom have witnessed a heavy downfall and all are reported to be treading really low …. Source  : Gaea News Network.

Oil prices may rise to $100 a barrel: Mukesh Ambani

MUMBAI – Crude oil prices may soon rise to $100 a barrel due to increasing costs of exploration and production, and businesses should be prepared for higher energy prices than what they were used to in the last 20 years, Reliance Industries chairman Mukesh Ambani said Friday.

In Asia, crude oil prices have fallen below $74 … Read more >>>.

world stocks fall as US jobless figures, Europe austerity measures prick growth hopes

World stocks down as US, Europe prick growth hopes

SINGAPORE – World stock markets mostly fell Friday as Europe’s fiscal austerity measures and stubbornly high unemployment in the U.S. undermined faith in the global economic recovery.
Investors initially cheered Monday’s announcement of a $1 trillion debt bailout package from the European Union and International Monetary Fund as … Original article on : world stocks fall as US jobless figures, Europe austerity measures prick growth hopes.

Wineries worry bill distributors pushing in Congress will limit direct shipments to consumers

Bill in Congress could limit direct wine shipments

LOWDEN, Wash. – Try to be a wine connoisseur in Dickinson, N.D.
Gordon and Sandee Schnell had a hard time until the state changed its rules in 2001 and allowed wineries to buy permits to ship directly to residents – one case of wine per person, per month.
But now … Original article on : Wineries worry bill distributors pushing in Congress will limit direct shipments to consumers.

Lockheed Martin F-35 programme awarded for ‘cutting-edge design’

NEW DELHI – The Lockheed Martin F-35 Lightning II combat jet programme has been recognised for its “cutting-edge design and technology” with an award from the American Institute of Aeronautics and Astronautics (AIAA).

The AIAA Foundation board of trustees presented the award Thursday during the 2010 AIAA Aerospace Spotlight Awards Gala in Washington. AIAA is the …. Original source  : Lockheed Martin F-35 programme awarded for ‘cutting-edge design’.

Restriction of foreign IT professionals can hurt US businesses: Study

WASHINGTON – A study has shown that if skilled foreign IT professionals were restricted from working in the United States, it would actually affect American workers, as it would lead firms into hiring IT pros to work outside the US.

According to the Management … Read more : Restriction of foreign IT professionals can hurt US businesses: Study.

ECB’s Trichet dismisses suggestion that government bond purchases will stoke inflation

ECB’s Trichet dismisses inflation fears
BERLIN – The president of the European Central Bank has dismissed suggestions that its decision to buy government bonds might stoke inflation and urged nations to implement programs that will put them in a “sound fiscal situation.”

Jean-Claude Trichet said in an interview with the German daily Handelsblatt, published Friday, that risks … Original article on : ECB’s Trichet dismisses suggestion that government bond purchases will stoke inflation.

Annual inflation dips to 9.59 percent in April

NEW DELHI – India’s annual rate of inflation, based on the wholesale price index, eased to 9.59 percent in April from 9.9 percent a month ago, official data showed Friday.

The annual inflation rate was 1.31 percent in April 2009.
Data released by the commerce ministry showed prices of food articles jumped 16.87 percent last … Original source on Gaea Times at : Annual inflation dips to 9.59 percent in April.

Annual inflation dips to 9.59 percent in April

NEW DELHI – India’s annual rate of inflation, based on the wholesale price index, eased to 9.59 percent in April from 9.9 percent a month ago, official data showed Friday.

The annual inflation rate was 1.31 percent in April 2009.
Data released by the commerce ministry showed prices of food articles jumped 16.87 percent last …. Source article  : Annual inflation dips to 9.59 percent in April.

SKorean says economy can withstand NKorea tensions in G-20 year

SKorea: Economy can withstand NKorea tensions

GWACHEON, South Korea – South Korea’s economy is strong enough to withstand ongoing tensions with rival North Korea and a recent ratings upgrade proves the point, a top Seoul finance mandarin says, as his country prepares to host high-profile meetings on the global financial system.
The country has made a robust … Read this article on Gaea Times at : SKorean says economy can withstand NKorea tensions in G-20 year.

EADS 1Q net profit falls 39 percent as Airbus struggles with ‘challenges’ of A380

EADS 1Q net profit down 39 percent
PARIS – Airbus parent company EADS NV on Friday reported that first quarter net profit fell 39 percent as its planemaker unit struggled with the “challenges” of its A380 superjumbo program.

Paris-based European Aeronautic Defence & Space Co. said that net profit in the January to March period fell to … Read more : EADS 1Q net profit falls 39 percent as Airbus struggles with ‘challenges’ of A380.

Return of Gekko: Greed is still good as Cannes festival premieres new ‘Wall Street’

Greed still good as Cannes shows new ‘Wall Street’

CANNES, France – Gordon Gekko is out of prison and out of money. He’s not quite through with Wall Street, though.
Reuniting with director Oliver Stone, Michael Douglas reprises his Academy Award-winning role as financial viper Gekko in “Wall Street: Money Never Sleeps,” whose premiere Friday at the … Read more >>>.

Return of Gekko: Greed is still good as Cannes festival premieres new ‘Wall Street’

Greed still good as Cannes shows new ‘Wall Street’

CANNES, France – Gordon Gekko is out of prison and out of money. He’s not quite through with Wall Street, though.
Reuniting with director Oliver Stone, Michael Douglas reprises his Academy Award-winning role as financial viper Gekko in “Wall Street: Money Never Sleeps,” whose premiere Friday at the … Original article on : Return of Gekko: Greed is still good as Cannes festival premieres new ‘Wall Street’.

Toyota to halt output at 1 of its Thai plants as part of previously flagged restructuring

Toyota to halt output at 1 of its Thai plants

TOKYO – Toyota said Friday it will halt production at one of its four auto plants in Thailand and transfer the workers to the other factories in a move the carmaker says is unrelated to political unrest in the Southeast Asian country.
Toyota Motor Corp. spokesman Takanori … Read : Toyota to halt output at 1 of its Thai plants as part of previously flagged restructuring.

Asian stocks fall as US jobless figures, Europe austerity measures prick growth hopes

Asian stocks down as US, Europe prick growth hopes

SINGAPORE – Asian stock markets mostly fell Friday as Europe’s fiscal austerity measures and stubbornly high unemployment in the U.S. undermined faith in the global economic recovery.
Investors initially cheered Monday’s announcement of a $1 trillion debt bailout package from the European Union and International Monetary Fund as …. Read the original article  : here.

EADS first quarter net profit falls 39 percent as Airbus struggles with ‘challenges’ of A380

EADS Q1 net down 39 percent
PARIS – Airbus parent company EADS NV on Friday reported that first quarter net profit fell 39 percent as its planemaker unit struggled with the “challenges” of producing its A380 superjumbo.

Paris-based European Aeronautic Defence & Space Co. said that net profit in the January to March period fell to euro103 …. Original article  : EADS first quarter net profit falls 39 percent as Airbus struggles with ‘challenges’ of A380.

Mendocino County expects about 6,000 acres of vineyards to be quarantined after moth found

Mendocino County expects quarantine over moth

UKIAH, Calif. – A Mendocino County agriculture official says nearly 6,000 acres of vineyards are likely to be placed under quarantine after the European grapevine moth was discovered near Ukiah.
Officials say 30 moths were found near a vineyard north of Ukiah, while a single moth was found south of Ukiah.
The …. Source  : Mendocino County expects about 6,000 acres of vineyards to be quarantined after moth found.

Mendocino County expects about 6,000 acres of vineyards to be quarantined after moth found

Mendocino County expects quarantine over moth

UKIAH, Calif. – A Mendocino County agriculture official says nearly 6,000 acres of vineyards are likely to be placed under quarantine after the European grapevine moth was discovered near Ukiah.
Officials say 30 moths were found near a vineyard north of Ukiah, while a single moth was found south of Ukiah.
The …. Source  : Gaea News Network.

Australia creating 1,100 jobs every day

MELBOURNE – Registering a record growth in its employment rate, Australia is creating 1,100 full-time jobs each day in various sectors, according to latest data.

The country piled on an extra 37,500 full-time jobs in April, following on from 37,400 in March which was revised up from an earlier estimate of 30,100, said the employment figures … Original source on Gaea Times at : Australia creating 1,100 jobs every day.

Now, TV that switches off automatically when you snooze!

NEW YORK – A new, innovative television model has been created that uses facial recognition technology to determine when you’re starting to snooze, and actually switches off the picture when you nod off.

According to The Guardian, the Sony Bravia WE5 comes with a heat and motion sensor that lets the system switch off the set …. Source article on Gaea Times at  : Now, TV that switches off automatically when you snooze!.

Air India to join Star Alliance by March 2011

SAO PAULO – Air India has set March 2011 as the outer deadline to join the Star Alliance, the world’s largest commercial pact among carriers, chairman Arvind Jadhav said here late Friday.

This is the first time since an invitation was extended in Beijing in late 2007 that the Indian carrier has set a specific time …. Original article on Gaea Times at  : Air India to join Star Alliance by March 2011.

CPI MP held in Orissa over Posco protest

BHUBANESWAR – A Communist Party of India (CPI) MP was arrested in Orissa Saturday as he was headed to meet hundreds of villagers opposing a project by South Korean steel major Posco in Jagatsinghpur district, police said.

Bibhu Prasad Tarai, MP from Jagatsinghpur constituency, was held while he was on his way to Dhinkia village.
“We … Original article on : CPI MP held in Orissa over Posco protest.

Kashmir agriculture eyes revival, European buyers

JAMMU – Before militancy set in, Europeans would come to Jammu and Kashmir to buy the best quality farm seeds. And now the Himalayan state, still famous for its fruits, is trying to revive agriculture and lure the prized customers right back.

“We used to produce the best quality seeds taking advantage of the geographic and … Original source on Gaea Times at : Kashmir agriculture eyes revival, European buyers.

NYC agency: 633 of 50,000 cab drivers repeatedly overcharge, could lose licenses

Officials: 633 NYC cabbies routinely overcharge

NEW YORK – A New York City commission says 633 taxi drivers have been routinely overcharging riders, and those drivers could lose their licenses.
The city’s Taxi and Limousine Commission made the determination after a monthslong investigation. The agency referred its findings to the city’s Department of Investigation and the Manhattan … Read more »».

Australian teen becomes youngest ever to sail solo, unassisted around the world

Australian teen completes round-the-world sail

SYDNEY – An Australian teen who spent seven months at sea has become the youngest person to sail solo, nonstop and unassisted around the world.
Sixteen-year-old Jessica Watson sailed into Sydney Harbour on Saturday after completing a 23,000-nautical mile voyage.
Thousands lined the harbor to cheer on Watson as she cruised into port …. Source  : Australian teen becomes youngest ever to sail solo, unassisted around the world.

New clashes in central Bangkok as troops, anti-government protesters face off

New clashes in central Bangkok after 16 killed

BANGKOK – Thai troops clashed with die-hard protesters vowing to defend their fortified encampment in downtown Bangkok on Saturday following two days of running gunbattles that killed 16 people and wounded nearly 160.
Scattered violence resumed Saturday morning, after encircling troops used tear gas, rubber bullets and live rounds …. Source article  : New clashes in central Bangkok as troops, anti-government protesters face off.

Blackberry may launch own tablet by yearend

TORONTO – With Apple’s iPad selling more than a million devices within days of launch in the US and its iPhone set to overtake BlackBerry globally, Research In Motion, the maker of BlackBerry, is reportedly launching its own tablet later this year.

The Canadian company, based at Waterloo near Toronto, has not confirmed the reports, …. Original article  : Blackberry may launch own tablet by yearend.

Ratification of US-SKorea trade deal likely to become a victim of politics this year

US-SKorea trade deal a victim of US politics
WASHINGTON – Leading senators and a group of former officials are pushing the Obama administration to send a stalled U.S.-South Korean free trade deal to Congress. But with November elections looming, the accord may already be dead this year.
Unemployment is high in this country and few … Read more : Ratification of US-SKorea trade deal likely to become a victim of politics this year.

Army recalls 44,000 defective combat helmets; risk to soldiers still being determined

Army recalls 44,000 combat helmets
WASHINGTON – The Army says it is recalling 44,000 advanced combat helmets that have been issued to soldiers worldwide because they do not meet military specifications.

The Army said in a statement Friday that the risk to soldiers wearing the helmets is still being determined. New helmets are being issued to anyone … Read : Army recalls 44,000 defective combat helmets; risk to soldiers still being determined.

Regulators shut banks in Georgia, Illinois, Michigan, Missouri; makes 72 US failures this year

Regulators shut 4 banks; 72 have failed this year

WASHINGTON – Regulators on Friday shut down Midwest Bank and Trust Company in Elmwood Park, Ill., as well as three smaller banks in Georgia, Michigan and Missouri to bring the number of U.S. bank failures this year to 72.
The Federal Deposit Insurance Corp. took over Midwest Bank … Read the original article on Gaea Times at : Regulators shut banks in Georgia, Illinois, Michigan, Missouri; makes 72 US failures this year.

Calif ethics panel fines CalPERS board member again for failing to file documents on time

California ethics panel fines CalPERS board member

SACRAMENTO, Calif. – California’s ethics panel fined a board member at the state’s embattled public pension fund $4,000 for failing to file her annual economic disclosures on time.
The Fair Political Practices Commission fined Priya Mathur on Thursday for filing her 2008 statement of economic interest document late, a month …. Original source  : Calif ethics panel fines CalPERS board member again for failing to file documents on time.

Hino Motors seeks to force Entergy Arkansas to lower rate; says fees not applied fairly

Hino targets Entergy policy, seeks payment cuts

LITTLE ROCK, Ark. – Hino Motors asked regulators Friday to order Entergy Arkansas to develop a new agreement covering Hino’s costs for electricity and fees for the substation and power lines Entergy extended to Hino’s east Arkansas plant.
Hino Motors Manufacturing USA says its minimum monthly electric payment is just …. Original source  : Hino Motors seeks to force Entergy Arkansas to lower rate; says fees not applied fairly.

Investment firm that blasted proposed sale of Infogroup has bought nearly 1M more shares

Investor adds to Infogroup stake, controls 7 pct

OMAHA, Neb. – One of the two investment firms that objects to the proposed sale of Infogroup Inc. as underpriced has bought nearly 1 million shares of the database provider since the deal with CCMP Capital Advisors was announced early last month.
Hotchkis and Wiley Capital Management has said …. Original article  : Investment firm that blasted proposed sale of Infogroup has bought nearly 1M more shares.

Maine Public Utilities Commission approves CMP’s plan to double power grid capacity

Regulators approve Maine power grid upgrade

AUGUSTA, Maine – The Maine Public Utilities Commission on Friday approved Central Maine Power’s proposed $1.4 billion power grid upgrade.
The state’s largest electric utility plans to build a new 345,000-volt transmission line from Orrington to Eliot, doubling the capacity of the grid’s backbone. CMP contends the improvements, the first major … Read more »».

‘Law & Order’ is canceled by NBC after 20 seasons, on the brink of a record-breaking run

Case closed: ‘Law & Order’ is canceled by NBC

NEW YORK – There was never any doubt that, someday, “Law & Order” would come to an end.
But the death sentence handed down by NBC on Friday caught many observers by surprise. Viewers weren’t prepared to say farewell to this beloved TV warhorse. Not this way, with …. Original article on Gaea Times at  : ‘Law & Order’ is canceled by NBC after 20 seasons, on the brink of a record-breaking run.

Regulators shut down small banks in Georgia, Michigan; makes 70 US bank failures this year

Regulators shut small banks in Georgia, Michigan

WASHINGTON – Regulators on Friday shut down small banks in Georgia and Michigan, bringing the number of U.S. bank failures this year to 70.
The Federal Deposit Insurance Corp. took over Satilla Community Bank, based in Saint Marys, Ga., with about $134 million in deposits and $135.7 million in assets.
The …. Original source  : Regulators shut down small banks in Georgia, Michigan; makes 70 US bank failures this year.

Summary Box: Retail sales and industrial production both show strong gains in April

Summary Box: Economy flashes more growth signals

RETAIL SALES: Retail sales posted a 0.4 percent gain in April, a better-than-expected performance and the seventh consecutive monthly increase.
INDUSTRIAL PRODUCTION: Factory orders shot up 0.8 percent last month as manufacturing continued to be one of the standout performers in the current recovery.
OUTLOOK: The hope is that continued demand … Original source on Gaea Times at : Summary Box: Retail sales and industrial production both show strong gains in April.

Summary Box: Dow falls 163 points on concerns that European debt bailout will slow growth

Summary Box: Stocks fall after euro slides anew

ANOTHER DROP: The Dow Jones industrial average fell 163 points after concerns grew that spending cuts under Europe’s bailout plan would hurt the global economy.
STRONG WEEK: A jump of 405 points in the Dow on Monday left stocks up sharply for the week. Traders were relieved early in … Read more >>.

Regulators shut down small bank in Michigan; makes 70 US bank failures this year

Regulators shut small Michigan bank
WASHINGTON – Regulators have shut down a small bank in Michigan, bringing the number of U.S. bank failures this year to 70.

The Federal Deposit Insurance Corp. says Friday it took over New Liberty Bank in Plymouth, Mich. It has about $101.8 million in deposits and $109.1 million in assets.
The FDIC said … Original article on : Regulators shut down small bank in Michigan; makes 70 US bank failures this year.

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.