Business News – Newsletter for July 3, 2010
Saturday, July 3, 2010
Opposition gears up for nationwide shutdown
NEW DELHI – Normal life is expected to be hit in parts of India Monday as the divided opposition joins hands to enforce a nationwide shutdown to protest against rising prices and the fuel price hike.
For the first time in a long time, while still remaining ideologically poles apart, the Left and Right are separately … Read more >>>.
Boards of two energy firms of Anil Ambani group to decide merger
MUMBAI – The boards of two energy firms belonging to the Reliance Anil Dhirubhai Ambani Group (ADAG), one in the business of generating power and the other that trades and transports oil and gas, meet Sunday to consider a merger.
The companies in question are Reliance Natural Resources which is proposed to be merged with Reliance …. Original article on Gaea Times at : Boards of two energy firms of Anil Ambani group to decide merger.
Clinton arrives in Poland; on her agenda, speaking on democracy, re-signing of missile pact
Clinton arrives in Poland to promote democracy
KRAKOW, Poland – US Secretary of State Hillary Rodham Clinton has arrived in the Polish city of Krakow to speak at an international conference on the promotion of democracy.
She also was to witness the signing of a technical amendment to a US-Poland agreement on missile defense.
The amendment adjusts an … Read : Clinton arrives in Poland; on her agenda, speaking on democracy, re-signing of missile pact.
Haryana mango production soars
CHANDIGARH – Mango cultivation is gaining ground in Haryana with its production and area under cultivation increasing by nearly three times in two decades, an official said Saturday.
Financial Commissioner Roshan Lal said that mango production went up from 19,900 tonnes in 1990-91 to 64,570 tonnes in 2009. He attributed this to the use of latest … Read more >>>.
Negotiator says contract talks with striking LA-Long Beach port clerks resume
Talks resume in California port clerk strike
LOS ANGELES – Negotiators for striking clerical workers and shippers at the ports of Los Angeles and Long Beach are talking again.
Stephen Berry, lead negotiator for the Harbor Employees Association which represents the shippers, said that talks resumed Friday night and concluded shortly before midnight. Talks were set to … Read : Negotiator says contract talks with striking LA-Long Beach port clerks resume.
Haryana to have nuclear energy centre
CHANDIGARH – The Department of Atomic Energy (DAE) will set up a Global Centre for Nuclear Energy Partnership in the adjoining villages of Jasaur Kheri and Kheri Jasaur in Haryana’s Jhajjar district, officials said Saturday.
The centre’s project director, G.P. Srivastav, and other DAE officials visited the site Friday to inspect it.
Srivastav said four schools … Original source on Gaea Times at : Haryana to have nuclear energy centre.
Philanthropy can be profit in disguise for corporates
NEW DELHI – If, as a corporate, you that think employing a physically challenged person is just philanthropy, think again. It may actually benefit your business if you harness the talent in the right way. The idea of bringing corporates and the physically challenged closer for mutual gain is part of an NGOs initiative aimed …. Read the original article : Philanthropy can be profit in disguise for corporates.
Delhi’s new airport terminal inaugurated by PM (Second Lead)
NEW DELHI – Prime Minister Manmohan Singh Saturday inaugurated a glitzy new terminal at the Indira Gandhi International Arport here, stated to be the sixth largest and among the most modern in the world, built in record 37 months at a cost of nearly $3 billion.
The actual operations though will start July 16 for international …. Original article : Delhi’s new airport terminal inaugurated by PM (Second Lead).
American business seeks incentives for educational investment in India
WASHINGTON – The US-India Business Council has expressed support for the Foreign Education Bill pending before the Indian parliament, but said certain financial requirements could deter foreign educational institutions from investing in India.
In a letter to Human Resource Development Minister Kapil Sibal, the trade association representing over 300 leading US firms investing in India said …. Read the original article : American business seeks incentives for educational investment in India.
PM inaugurates new international airport terminal
NEW DELHI – Prime Minister Manmohan Singh Saturday inaugurated the new Terminal 3 of the Indira Gandhi International Airport (IGIA) here.
The prime minister unveiled a plaque to mark the opening at 10.40 a.m. at a function also attended by United Progressive Alliance (UPA) chairperson Sonia Gandhi.
Civil Aviation Minister Praful Patel, Delhi Chief Minister …. Read the original article : PM inaugurates new international airport terminal.
Dolphin-hunting documentary ‘The Cove’ screens in Japan after protests delay opening
Japan shows ‘The Cove’ after delay from protests
TOKYO – “The Cove,” an Oscar-winning film about a Japanese dolphin-hunting village, opened Saturday around Japan after protests by angry nationalists pressured theaters to cancel earlier showings.
Some of the six small cinemas sold out their initial shows and others were mostly empty. Another 18 are due to begin …. Source : Dolphin-hunting documentary ‘The Cove’ screens in Japan after protests delay opening.
New terminal in New Delhi opens
NEW DELHI – Prime Minister Manmohan Singh Saturday inaugurated the new Terminal 3 of the Indira Gandhi International Airport (IGIA) here.
The prime minister unveiled a plaque to mark the opening at about 10.40 a.m. at a function also attended by United Progressive Alliance (UPA) chairperson Sonia Gandhi.
…. Source article on Gaea Times at : New terminal in New Delhi opens.
Negotiator says contract talks with striking LA-Long Beach port clerks to restart Friday night
Talks to resume in California port clerk strike
LOS ANGELES – Negotiators for striking clerical workers at the ports of Los Angeles and Long Beach planned to restart contract talks Friday night with shippers and terminal operators.
The Harbor Employees Association, which represents the shippers, said in a statement that its negotiators will meet “in the hope … Read : Negotiator says contract talks with striking LA-Long Beach port clerks to restart Friday night.
Main Event: Cavaliers, Bulls set to square off with final-day pitches to LeBron James
Bulls, Cavs prepared to fight for LeBron
CLEVELAND – The preliminary bouts are finished. It’s time for the main event in the fight for LeBron James, free agent extraordinaire.
Chicago vs. Cleveland.
To the winner, the crowned King. Maybe.
With New Jersey, New York, Miami and the Los Angeles Clippers having come and gone after making their pitches to … Read more : Main Event: Cavaliers, Bulls set to square off with final-day pitches to LeBron James.
Product Recalls: dog treats
Product Recalls: dog treats
The following recall has been announced:
- Merrick Pet Care Inc. is recalling one lot of 10-ounce bags of Beef Filet Squares for Dogs because the dog treats could be contaminated with salmonella. Salmonella can affect animals, and people who handle contaminated pet food can become infected with salmonella, especially if they haven’t …. Source : Product Recalls: dog treats.
Summary Box: Interest rates post small moves after government says job growth remains weak
Summary Box: Treasurys move modestly on jobs data
MODEST MOVES: Interest rates were little changed in the bond market Friday after the government said private employers hired fewer workers in June than analysts had forecast.
WEAK SHOWING: The government said private employers hired 83,000 workers last month, below economists’ forecast for a gain of 112,000 jobs. Overall, … Read : Summary Box: Interest rates post small moves after government says job growth remains weak.
More people traveling this year for July 4th, though many still stick close to home
July 4th travel rolls on, a little close to home
PHILADELPHIA – Standing in line on hot asphalt waiting to see the Liberty Bell, Don Shelley couldn’t help but think that, if the nation’s economy were better, he would be basking on a beach in Hawaii.
Shelley, of Mesa, Ariz., turned 50 on Friday, and his wife … Read : More people traveling this year for July 4th, though many still stick close to home.
Summary Box: Stocks drop 7th day in the longest slump since the height of the financial crisis
Summary Box: Stocks fall after jobs disappoint
EXTENDED SLIDE: The Dow Jones industrials fell 46 points Friday for their seventh straight drop. It was the longest losing streak since October 2008, the height of the financial crisis.
JOB STRESS: A disappointing jobs report brought more worries about the pace of the economy’s recovery. The government said private …. Source : Gaea News Network.
Nev. lawmaker seeks to repeal parts of 1875 eminent domain law that favor mining companies
Mining co., Nev. ranch settle eminent domain suit
RENO, Nev. – A state lawmaker said Friday she wants to repeal provisions of an 1875 state law that give mining companies essentially the same power of eminent domain as government.
Assemblywoman Sheila Leslie, D-Reno, announced her plans a day after a Canadian-based mining company and a Nevada ranch …. Source : Nev. lawmaker seeks to repeal parts of 1875 eminent domain law that favor mining companies.
Person familiar with talks says Bucks, Salmons agree to $40 million, 5-year deal
AP source: Bucks, Salmons agree for $40M
MILWAUKEE – Another day, another deal for the Milwaukee Bucks, who have suddenly become one of the biggest buyers during the most-hyped free agency period in NBA history.
The Bucks made another major move Friday, agreeing in principle to a $40 million, five-year deal with free agent guard John Salmons, …. Source article on Gaea Times at : Person familiar with talks says Bucks, Salmons agree to $40 million, 5-year deal.