Business News – Newsletter for July 26, 2010
Monday, July 26, 2010
Britain’s ousted ex-chief Gordon Brown to publish insider account of global financial crisis
UK’s ousted Brown writing book on financial crisis
LONDON – Former British Prime Minister Gordon Brown is publishing an insider account of the global financial crisis, his first book since being ousted from office.
Brown, who lost a national election in May after almost three years as U.K. chief, will set out the measures the legislator believes … Read this article on Gaea Times at : Britain’s ousted ex-chief Gordon Brown to publish insider account of global financial crisis.
Roto-Rooter Launches Coupons for Plumbing Services
LOS ANGELES (Gaeatimes.com) — Are you worried about your irregular plumbing services at your home? Then Roto-Rooter is the solution. Roto-Rooter is a company wholly dedicated for plumbing services and cleaning sewers in drainage lines.
Roto-Rooter provides the following services:
Complete plumbing services
24 hours emergency services
Available 7days a week
Recently, Roto-Rooter has launched a coupon service at your … Original source on Gaea Times at : Roto-Rooter Launches Coupons for Plumbing Services.
Sensex trades lower, Asian markets positive
MUMBAI – A benchmark index for Indian equities was trading lower Monday afternoon despite positive Asian markets.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,056.24 points, was ruling at 18,071.5 points, 59.48 points or 0.33 percent down from its previous close at 18,130.98 points.
At …. Source : Gaea News Network.
Pearson 1st half profit more than trebles to 92 million pounds ($142 million)
Pearson H1 profit more than trebles
LONDON – Pearson PLC said Monday that first half profit more than trebled to 92 million pounds ($142 million), beating market forecasts and boosting the full year outlook, as revenue rose at the Financial Times, Penguin Books and educational publications.
The net profit rose from 28 million pounds in the first … Original source on Gaea Times at : Pearson 1st half profit more than trebles to 92 million pounds ($142 million).
Goa mulling setting up a maritime board
PANAJI – The Goa government is mulling to set up a state maritime board to attract investment, easing the process of privatization of ports or designated areas within ports.
“Maritime boards can attract private capital and private participation easily. The board will also have the power to raise funds as well as loans on its own … Read more : Goa mulling setting up a maritime board.
Obama’s message to voters: Stick with Democrats, otherwise things could get worse under GOP
Obama’s message to voters: Things could be worse
WASHINGTON – President Barack Obama, who rocketed to the White House promising “change you can believe in,” is now telling voters they shouldn’t change a thing.
His message for the fall elections, which are looking ominous for his Democrats, is that Republicans caused the nation’s [..] Read the original article: here.
BP says ‘no final decision’ has been made on replacing Tony Hayward as chief executive
BP says ‘no final decision’ on replacing Hayward
LONDON – BP PLC said Monday that “no final decision” has been made about management changes, which reportedly include the departure of Tony Hayward as chief executive in an effort to mend the company’s image after the Gulf of Mexico oil spill.
The oil company said its … Original source on Gaea Times at : BP says ‘no final decision’ has been made on replacing Tony Hayward as chief executive.
In election-year twist, Murray defends steering dollars to state amid GOP criticism
GOP puts Murray on defensive for federal projects
OLYMPIA, Wash. – Delivering dollars for Washington state is a point of pride for Democratic Sen. Patty Murray, whose efforts have helped her comfortably win re-election twice. Republicans insist that this November, it will be her downfall.
The GOP is looking to tap into voter angst over …. Source : In election-year twist, Murray defends steering dollars to state amid GOP criticism.
Heavy rains hit life in Chhattisgarh, six killed
RAIPUR – At least six people have been killed in incessant rains in Chhattisgarh where road and rail services continue to be hit, officials said Monday.
The state has been witnessing heavy rains since Saturday because of low pressure area over Orissa.
Several key roads, including National Highway 221, have been blocked in Dantewada district …. Read the original article : Heavy rains hit life in Chhattisgarh, six killed.
Rs.6.6 lakh corruption in scheme for Bihar moms
PATNA – A woman, as everyone knows, usually gives birth to a baby after nine months of pregnancy, but in Bihar 298 women claim to have delivered two to five children in a span of 60 days – at least that’s what records of incentives amount given to new mothers under a government scheme show.
A … Original article on : Rs.6.6 lakh corruption in scheme for Bihar moms.
Oil rises above $79 in Asia as strong US corporate earnings boost investor optimism
Oil rises above $79 as stocks extend rally
SINGAPORE – Oil prices rose above $79 a barrel Monday in Asia as regional stock markets extended a rally from last week amid improving investor optimism.
Benchmark crude for September delivery was up 30 cents at $79.28 a barrel at midday Singapore time in electronic trading on the New …. Source article on Gaea Times at : Oil rises above $79 in Asia as strong US corporate earnings boost investor optimism.
Money Market Operations as on July 23, 2010
…. Read the original article : Money Market Operations as on July 23, 2010.
Asian stocks rise on better-than-expected results of Europe’s bank ’stress tests’
Asian stocks up on results of Europe’s bank tests
BANGKOK – Asian stock markets posted moderate gains Monday following reassuring news that most European banks passed much-anticipated “stress tests,” suggesting the continent’s banking system is strong enough to weather a massive debt crisis.
Oil prices hovered above $79 a barrel as regional stock markets extended a rally …. Source article : Asian stocks rise on better-than-expected results of Europe’s bank ’stress tests’.
Protesting Indians block workers at construction site of hydroelectric plant in Amazon
Brazil Indians block workers at hydroelectric site
SAO PAULO – About 300 Amazon Indians prevented workers from entering or leaving the construction site of a hydroelectric plant that protesters say is on an ancient burial ground, Brazil’s official news agency said Sunday.
Indians from eight tribes taking part in the protest are demanding compensation for losses caused …. Original source : Protesting Indians block workers at construction site of hydroelectric plant in Amazon.
Disgraced cyclist Landis leaves Oregon event before finishing the final stage
Landis quietly leaves Oregon cycling event
BEND, Ore. – While Lance Armstrong’s legacy was celebrated in his final Tour de France, disgraced former winner Floyd Landis quietly ducked out of a race in central Oregon.
Landis was stripped of his 2006 Tour de France title for doping and admitted this spring to using drugs to gain a … Read this article on Gaea Times at : Disgraced cyclist Landis leaves Oregon event before finishing the final stage.
Japan’s June exports climb 27.7 percent from year earlier, seventh month of increases
Japan’s exports rise for seventh straight month
TOKYO – Japan’s exports rose for the seventh straight month in June, driven by machinery and steel products, indicating that overseas demand continues to underpin recovery in the world’s No. 2 economy even amid a stronger yen.
Exports climbed 27.7 percent from a year earlier to 5.87 trillion yen ($67.2 … Read more >>.
SKorea’s 2nd-quarter economic growth slows to 1.5 percent on construction, government spending
SKorea’s economy grows 1.5 percent in 2nd quarter
SEOUL, South Korea – South Korea’s economic growth slowed in the second quarter of 2010 despite gains in exports, manufacturing and capital outlays as construction contracted and government spending and services weakened.
Gross domestic product expanded 1.5 percent in the three months ended June 30, compared with the first …. Original source : SKorea’s 2nd-quarter economic growth slows to 1.5 percent on construction, government spending.
An timeline of events spanning Tony Hayward’s career with BP
A look at Tony Hayward’s tenure with BP
Here’s a look at Tony Hayward’s tenure with BP:
1982: Hayward joins the company as a rig geologist in the North Sea.
March 23, 2005: An explosion at a BP refinery in Texas City kills 15 people and injures 170.
March 2006: More than 200,000 gallons of …. Source article on Gaea Times at : An timeline of events spanning Tony Hayward’s career with BP.
Conference USA returns to traditional media day for league still intact after realignment
C-USA back to personal touch after going to video
MEMPHIS, Tenn. – Conference USA is back to using the personal touch.
A year after switching to video as a cost-saving move for the league’s annual football media day, 11 of Conference USA’s 12 coaches gathered Sunday in Memphis to preview the upcoming season. All 12 remain in … Read this article on Gaea Times at : Conference USA returns to traditional media day for league still intact after realignment.
South Korea’s economic growth slows to 1.5 percent in second quarter as services weakened
SKorea’s economic growth slows in 2nd quarter
SEOUL, South Korea – South Korea’s central bank says economic growth slowed in the second quarter of 2010 despite gains in exports, manufacturing and capital outlays as construction and services weakened.
The Bank of Korea said Monday that gross domestic product expanded 1.5 percent in the three months ended June …. Original article on Gaea Times at : South Korea’s economic growth slows to 1.5 percent in second quarter as services weakened.