Business News – Newsletter for July 31, 2010
Saturday, July 31, 2010
Pilots quit Philippine Airlines for higher-paying jobs
MANILA – The Philippines’ flag carrier Saturday cancelled about a dozen domestic and international flights after several pilots resigned for higher-paying jobs with foreign airlines.
Dozens of flights were also delayed for hours due to the lack of pilots, according to Philippine Airlines (PAL).
PAL spokesman Jonathan Gesmundo said the problem affected flights using Airbus A320 … Read the original article on Gaea Times at : Pilots quit Philippine Airlines for higher-paying jobs.
Madhya Pradesh to add 5,486 MW power by 2014
BHOPAL – Power-starved Madhya Pradesh will add 5,486 MW power by 2013-14 with several under-construction thermal power projects to be commissioned by then, an official said Saturday.
“Madhya Pradesh is striving hard to get over the power crisis with several coal-fired under-construction projects, including the 1,200 MW Malwa thermal power project, set to be commissioned by … Read more : Madhya Pradesh to add 5,486 MW power by 2014.
NALCO floats tender to buy two lakh tonne coal
BHUBANESWAR – The state-owned National Aluminium Co. Ltd. (NALCO) has floated a tender to buy 200,000 tonnes washed coal for its captive power plant in Orissa’s Angul town, a company official said Saturday.
The company will buy the coal from the domestic market, he said, adding that the last date for submission of bids is Aug … Original source on Gaea Times at : NALCO floats tender to buy two lakh tonne coal.
Fears of second recession in US loom
WASHINGTON – Fears of another recession in the United States loomed as the government reported slower growth in the second quarter and the International Monetary Fund said the country’s financial system remains fragile.
The US economy continued to grow during the second quarter with the gross domestic product (GDP) rising at a slower than expected 2.4 …. Source : Gaea News Network.
Bill and Hillary Clinton emerge on eve of daughter Chelsea’s nuptials in upstate NY village
Clintons emerge in NY on eve of Chelsea’s wedding
RHINEBECK, N.Y. – Bill Clinton made a long-anticipated appearance in the upstate New York village where his daughter is getting married, drawing crowds of onlookers Friday afternoon as preparations continued largely out of sight for the grand and secretive occasion.
In the evening, hundreds of people …. Source article on Gaea Times at : Bill and Hillary Clinton emerge on eve of daughter Chelsea’s nuptials in upstate NY village.
Poor facilities washing away Cherrapunjee’s tourism prospects
CHERRAPUNJEE – Dotted with waterfalls cascading over deep gorges, this town – renamed Sohra – is famous the world over as the wettest place on earth due to its magical rains. But lack of facilities have prompted some to dub it as a “third class tourist destination”.
“Cherrapunjee is a third class tourist destination. I feel …. Original article on Gaea Times at : Poor facilities washing away Cherrapunjee’s tourism prospects.
Apple invades BlackBerry territory with iPhone 4
TORONTO – Apple invaded BlackBerry territory Friday with the launch of its iPhone 4 across Canada. Frenzied Canadians lined up in front of Apple stores and other authorized retailers from Toronto to Halifax to Vancouver almost 24 hours before the delivery of the smartphone started in Canada.
“It feels great in my hands. I am so …. Original source : Apple invades BlackBerry territory with iPhone 4.
Bank Of Baroda On A High
MUMBAI, INDIA (GaeaTimes.com)- One of the largest public sector banks of India, Bank Of Baroda finished its June quarter this year with steep loan growth and improved asset quality, ahead of its closest competitors like Union Bank of India and Punjab National Bank. It is in fact coming close to the Punjab National … Read the original article on Gaea Times at : Bank Of Baroda On A High.
TransCanada gets ‘multiple bids’ from entities interested in Alaska line to ship natural gas
TransCanada: ‘Multiple bids’ for Alaska gas line
JUNEAU, Alaska – TransCanada Corp. has received multiple bids from “major industry players and others” that want to use its proposed pipeline to transport natural gas from Alaska’s North Slope to market, a company official said Friday.
As expected, few details were released Friday, when TransCanada … Read the original article on Gaea Times at : TransCanada gets ‘multiple bids’ from entities interested in Alaska line to ship natural gas.
Regulators shut down banks in Fla., Ga., Ore., Wash.; makes 108 US bank failures this year
Regulators close banks in Fla., Ga., Ore., Wash.
WASHINGTON – Regulators on Friday shut banks in Florida, Georgia, Oregon and Washington, lifting to 108 the number of U.S. banks to fail this year as the industry has struggled to cope with mounting loan defaults and recession.
The Federal Deposit Insurance Corp. took over the banks: Bayside Savings … Read more : Regulators shut down banks in Fla., Ga., Ore., Wash.; makes 108 US bank failures this year.
Regulators shut down banks in Florida, Georgia, Wash.; makes 107 US bank failures this year
Regulators close banks in Fla., Ga., Wash.
WASHINGTON – Regulators have shut banks in Florida, Georgia and Washington, lifting to 107 the number of U.S. banks to fail this year as the industry has struggled to cope with mounting loan defaults and recession.
The Federal Deposit Insurance Corp. took over the banks: Bayside Savings Bank in Port … Read the original article on Gaea Times at : Regulators shut down banks in Florida, Georgia, Wash.; makes 107 US bank failures this year.
India, US sign nuclear reprocessing deal
WASHINGTON – India and the United States have signed an agreement on the nuclear fuel reprocessing arrangements under the India-US civil nuclear deal completing another key step in implementing the landmark accord.
The agreement signed by Indian ambassador to the US Meera Shankar and the US Secretary of State at the State Department Friday will enable … Read more >>.
Mass. House, Senate leaders agree to compromise on casino bill; Gov. Patrick threatens veto
Mass. legislative leaders OK deal on casino bill
BOSTON – Massachusetts House and Senate leaders agreed Friday to the state’s most sweeping expansion of gambling in four decades – drawing immediate criticism from Gov. Deval Patrick, who said he can’t sign the bill.
The bill would authorize three casinos and two slot machine parlors, the latter of … Read more >>>.
Tax study default leaves Nevada lawmakers upset, angry, as state faces huge deficit
Tax study default leaves Nevada lawmakers upset
CARSON CITY, Nev. – State lawmakers expressed frustration and anger Friday after an international research firm defaulted on a tax study, leaving legislators without an updated playbook as they face a budget deficit that could top $3 billion going into the 2011 session.
“It’s hard for me to understand how …. Original source : Tax study default leaves Nevada lawmakers upset, angry, as state faces huge deficit.
Girl injured falling 40 feet to ground when safety net fails at Wis. amusement park attraction
12-year-old girl injured on Wis. ‘free fall’ ride
MADISON, Wis. – Police say a safety net under a “free fall” attraction at a popular Wisconsin amusement park failed to catch a 12-year-old girl who plunged more than 40 feet before hitting the ground.
The girl was seriously injured in the Friday fall at the Wisconsin Dells and …. Source article : Girl injured falling 40 feet to ground when safety net fails at Wis. amusement park attraction.
PricewaterhouseCoopers laying off 500 technology workers, primarily in Fla.
PricewaterhouseCoopers laying off 500 employees
TAMPA, Fla. – PricewaterhouseCoopers is laying off about 500 in-house information technology employees – most from its offices in Tampa.
The company says the cuts are part of a larger effort to better coordinate IT services in the United States and United Kingdom. The layoffs will slash the ranks of PWC’s IT …. Source : PricewaterhouseCoopers laying off 500 technology workers, primarily in Fla..
Autopsy: Pittsburgh-area sewage plant worker died of injuries suffered in fall, not fumes
Autopsy: Pittsburgh-area plant worker died of fall
SEWICKLEY, Pa. – Authorities say a worker apparently overcome by fumes at a western Pennsylvania sewage plant died from injuries suffered in a subsequent fall, not toxic gas.
The Allegheny County medical examiner’s office ruled Friday that 31-year-old Jack Hogan III of Baden died of blunt force trauma. The death … Read more »»».
Lawsuit blames NY Mets owners for letting workers put retirement money in Madoff investments
Suit blames Mets owners for Madoff-related losses
NEW YORK – A new lawsuit blames the owners of the New York Mets for letting workers put more than $16 million in 401(k) assets into accounts controlled by jailed financier Bernard Madoff.
The lawsuit was filed in federal court in Manhattan on Friday. It was brought by the wife … Read more : Lawsuit blames NY Mets owners for letting workers put retirement money in Madoff investments.
Titans open camp with CJ happy, VY unpunished, coaching staff reshuffled after busy offseason
Titans eager for camp after hectic offseason
NASHVILLE, Tenn. – It’s time for Jeff Fisher to open his 16th straight training camp with the Tennessee Titans, and that first practice Saturday will be a welcome return to football after a busy offseason.
Fisher expects Chris Johnson to show up, happy the Titans reshuffled some money to pay … Read more : Titans open camp with CJ happy, VY unpunished, coaching staff reshuffled after busy offseason.
Regulators shut down 2 Florida banks, 1 in Georgia; makes 106 US bank failures this year
Regulators close 3 banks in Florida, Georgia
WASHINGTON – Regulators on Friday shut two banks in Florida and one in Georgia, lifting to 106 the number of U.S. banks to fail this year as the industry has struggled to cope with mounting loan defaults and recession.
The Federal Deposit Insurance Corp. took over the banks: Bayside Savings … Read more >>>.