World stocks mostly higher as investors look past US jobs report to prospects for some growth

World markets mostly higher, yen hits Japan stocks

BANGKOK – World stock markets mostly rose Monday, shrugging off weak U.S. jobs figures as a sign of a slow economic recovery rather than a lurch back into recession.
The Labour Department report showing that private employers in the world’s biggest economy hired only 71,000 workers in July was … Original article on : World stocks mostly higher as investors look past US jobs report to prospects for some growth.

Old age security scheme for informal sector workers

NEW DELHI – The government Monday decided to launch an ambitious old age social security scheme involving an annual pension assistance of Rs.1,000 each to four million workers in the unorganised sector for next four years, beginning this fiscal.

The decision was taken at a cabinet meeting chaired by Prime Minister Manmohan Singh.
Rechristened …. Original source  : Old age security scheme for informal sector workers.

Despite floods, Haryana looking at achieving paddy targets

CHANDIGARH – Despite the flash floods which submerged thousands of acres of agricultural land in a few districts last month, Haryana is looking at achieving its targets for paddy production this year.

“The state is well on the road to achieving, if not exceeding, both the coverage and production tragets which have been pegged at 11.5 … Read : Despite floods, Haryana looking at achieving paddy targets.

Monitors to oversee minority welfare programmes

NEW DELHI – The government has appointed 150 monitors to oversee the implementation of various minority welfare programmes which have a budget of Rs.3,780 crore.

“Retired deputy secretary level officers have been appointed. They will go to the districts time to time and monitor the progress of the programmes,” Minority Affairs Minister Salman …. Original article  : Monitors to oversee minority welfare programmes.

From coast to coast, megawealthy candidates spend big to start political careers at the top

Wealthy political newcomers are spending big

SACRAMENTO, Calif. – In the midst of one of the worst recessions in decades, a host of former corporate leaders are spending millions in their quest for elective office, using their personal wealth to push past the political machinery and their own lack of experience.
In California, billionaire former eBay chief … Original source on Gaea Times at : From coast to coast, megawealthy candidates spend big to start political careers at the top.

Saxena is new CEO of Airtel’s Delhi-NCR operations

NEW DELHI – Sanjeev Kumar Saxena is the new chief executive officer of Bharti Airtel’s mobile operations in Delhi and National Capital Region.

“Delhi & NCR is a highly competitive and dynamic market where my goal would be to sustain our leadership position and to lead the launch of 3G services for our customers into … Read this article on Gaea Times at : Saxena is new CEO of Airtel’s Delhi-NCR operations.

Sensex rises 75 points on positive Asian cues

MUMBAI – A benchmark index for Indian equities was trading in the positive terrain Monday taking cues from Asian peers.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened in the positive and rose 75 points or 0.45 percent to 18,219 from its previous close in noon trade.
At the National Stock …. Source  : Sensex rises 75 points on positive Asian cues.

Feds get Hawaii sugar plantation’s help to power Navy, shift away from fossil fuels

Hawaii sugar grower working to power Navy
HONOLULU – Navy fighter jets and ship could be powered by biofuels grown in Hawaii under an effort funded by the federal government.

The government is spending at least $10 million over five years on research and development at Maui cane fields for crops capable of fueling Navy fighter jets … Original source on Gaea Times at : Feds get Hawaii sugar plantation’s help to power Navy, shift away from fossil fuels.

India delays building homes for Bangla cyclone victims

DHAKA – Bangladesh has told India that the building of homes for the victims of the November 2007 Cyclone Sidr was “very slow” and that it should be expedited.

Indian Finance Minister Pranab Mukherjee, on a brief visit here last Saturday, was reminded of his voluntary pledge. Mukherjee, who was then the external affairs minister, had …. Source article  : India delays building homes for Bangla cyclone victims.

India is wasting its time chasing BlackBerry (Comment)

You’re a Delhi-based wannabe terrorist needing to communicate with your handlers. What do you do? Invisible-ink notes are passe, as are carrier pigeons. You will, of course, use electronic options.

Like e-mail. Walk into a cyber cafe, log into a G-mail or Yahoo account. Don’t use an account in your own name. And don’t send …. Read the original article  : India is wasting its time chasing BlackBerry (Comment).

$1 bn loan from India suicidal, says Khaleda Zia

DHAKA – Bangladesh’s opposition leader Khaleda Zia has termed as “suicidal” the $1 billion deal the government signed with India’s Exim Bank last Saturday.

The Sheikh Hasina government has rejected the charge.
“There was no need to borrow the amount from India now. People will have to shoulder the burden,” Zia was quoted as saying by … Read : $1 bn loan from India suicidal, says Khaleda Zia.

Four South Asian nations to allow mutual transit

DHAKA – An exchange of letters by this year-end among four South Asian nations – India, Bangladesh, Nepal and Bhutan – will formalise arrangements that will allow transit into each others’ territories.

As part of this broad arrangement, aimed at regional economic integration, India will get access to its northeastern region through Bangladeshi territory, Bangladesh Foreign … Read this article on Gaea Times at : Four South Asian nations to allow mutual transit.

Infosys is like a ‘chop shop, increase H1-B visa fees: US senator

WASHINGTON – Branding leading Indian IT companies like Infosys as “chop shops” that break stolen cars to sell parts, a US senator supported raising H1-B visa fees for them to raise $600 million to secure the porous US-Mexican border.

“The best part of this border package is it is fully paid for and will not increase …. Read the original article  : Infosys is like a ‘chop shop, increase H1-B visa fees: US senator.

Animals do yoga for calendar shoot

LONDON – Puppies and kittens have performed yoga for a calendar shoot in the US.

The kittens and puppies are the stars of the 2011 Yoga Puppies and Yoga Kittens calendars, Daily Express reported Monday.
It was created by photographer Dan Borris, 53.
He relied on his wife Alejandra’s skills as a yoga teacher. She [..] Read the original article: here.

Fido’s food may be making kids sick; CDC calls kibble an under-recognized salmonella source

Fido’s food could be making kids sick, report says

CHICAGO – Fido’s food may be making kids sick, a government report warns, detailing the first known salmonella outbreak in humans, mostly young children, linked to pet food.
The outbreak sickened 79 people in 21 mostly eastern states, between 2006 and 2008. Almost half of the victims were … Read the original article on Gaea Times at : Fido’s food may be making kids sick; CDC calls kibble an under-recognized salmonella source.

Oil sneaks above $81 a barrel in Asia, clawing back ground after jobs figures sparked fall

Oil sneaks above $81 as stock markets steady

BANGKOK – Oil prices rose above $81 a barrel Monday in Asia, clawing back part of a big fall triggered by weak U.S. jobs figures as regional stock markets steadied.
Benchmark crude for September delivery was up 65 cents at $81.35 a barrel at late afternoon Bangkok time in … Original source on Gaea Times at : Oil sneaks above $81 a barrel in Asia, clawing back ground after jobs figures sparked fall.

Money Market Operations as on August 06, 2010

… Read this article on Gaea Times at : Money Market Operations as on August 06, 2010.

Asian stocks mixed after poor US jobs report signals weakening recovery in world’s top economy

Asian stocks mixed following poor US jobs report

TOKYO – Asian stock markets were mixed Monday after a poor U.S. jobs report added to evidence the economic recovery is weakening.
Investors in Asia fretted that anemic growth in the U.S., the world’s biggest economy, will hurt demand for the region’s cars, consumer electronics, textiles and other exports.
The …. Original source  : Asian stocks mixed after poor US jobs report signals weakening recovery in world’s top economy.

Woman in Hewlett-Packard scandal reveals identity, says she’s “saddened” by CEO’s ouster

Woman in HP scandal “saddened” by CEO’s ouster

SAN FRANCISCO – The woman at the center of the sexual harassment claim that forced the resignation of Hewlett-Packard Co. CEO Mark Hurd revealed her identity Sunday and said she is “surprised and saddened” that Hurd lost his job.
Jodie Fisher, 50, an actress and businesswoman, knew Hurd through …. Read the original article  : Woman in Hewlett-Packard scandal reveals identity, says she’s “saddened” by CEO’s ouster.

No more bottled water for Israel ministers

JERUSALEM – Bottled mineral water will no longer be served at ministerial meetings in Israel, as a government forum said cabinet ministers will now have to quench their thirst with plain tap water.

The Forum of Water Corporation said opting for tap water can save a lot of money.
“Beyond being a waste of public money, … Original article on : No more bottled water for Israel ministers.

World stock markets drop as China imports slow, investors await US Fed meeting outcome

World stocks drop before Fed as China imports slow

BANGKOK – World markets slid Tuesday on signs China’s economy continues to slow and ahead of a Federal Reserve meeting that may bring new measures to prop up sputtering U.S. growth.
Shanghai stocks led the retreat after China’s July trade figures showed a big drop in the growth …. Original article on Gaea Times at  : World stock markets drop as China imports slow, investors await US Fed meeting outcome.

Indian Railways Unveils Swanky Coaches

BANGALORE, INDIA (GaeaTimes.com)- Indian Railways seems to have been inspired by the efforts to introduce eco friendly transport system. It has unveiled a new electric locomotive that is going to be used for luxury class trains like Shatabdi and Rajdhani expresses. The USP of the new locomotive is that it is energy efficient and … Read more >>>.

Oil falls to below $81 as traders look to Fed for possible stimulus

Oil falls to below $81 ahead of Fed meeting

SINGAPORE – Oil prices fell below $81 a barrel Tuesday in Asia as investors looked to a Federal Reserve meeting for possible policy changes to boost U.S. economic growth.
Benchmark crude for September delivery was down 56 cents at $80.92 a barrel at late afternoon Singapore time in …. Read the original article  : Oil falls to below $81 as traders look to Fed for possible stimulus.

Sensex slides on profit-taking, negative Asian cues

MUMBAI – A benchmark index for Indian equities was trading in the negative terrain Tuesday as short-term investors booked profit after the rally in the previous session.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened in the red and declined 0.75 percent or 70 points to 18,217 by noon.
At … Read the original article on Gaea Times at : Sensex slides on profit-taking, negative Asian cues.

France’s GDF Suez in deal to control Britain’s International Power as companies report H1

GDF Suez takes control of International Power

PARIS – French electricity and natural gas utility GDF Suez SA said Tuesday it is combining the assets of its global energy unit with Britain’s International Power to create the world’s largest independent power producer.
GDF Suez, which reported a 9.3 percent rise in first half profit, will pay shareholders …. Original article on Gaea Times at  : France’s GDF Suez in deal to control Britain’s International Power as companies report H1.

In emergency session, House takes up $26 billion bill to help teachers, public workers

House moves to help teachers, public workers
WASHINGTON – Hoping to show disenchanted voters that they are the party that cares about jobs, House Democrats are convening an emergency session to pass a bill aimed at saving hundreds of thousands of teachers and other public workers from unemployment.
Lawmakers rushing back … Read more >>.

BlackBerry stock up amid reported deal with Saudi Arabia

TORONTO – Shares of BlackBerry maker Research In Motion (RIM) rebounded heavily Monday, after sinking by more than eight percent last week, amid news of a reported deal between the company and Saudi Arabia on security issues related to the smart phone’s messenger service. However, new security issues came up with Germany that reportedly has …. Read the original article  : BlackBerry stock up amid reported deal with Saudi Arabia.

Forever 21 to Open its New Store in South Coast Plaza

LOS ANGELES (GaeaTimes.com) – The younger generation are crazy to find the latest fashion trends at low prices. Perhaps, this may be one of the reasons that Forever 21 Inc., a clothing retailer joined hands with the largest retail chain, Sears Holdings to open a store of Forever 21 at their property. The store will … Original source on Gaea Times at : Forever 21 to Open its New Store in South Coast Plaza.

JetBlue Flight Attendant Gets Support from Facebook

NEW YORK (GaeaTimes.com) — Facebook users are supporting Steven Slater’s walk off from JetBlue. A lot of pages has been set up and posted on the much famed social networking site on his regard. Steven Slater got arrested at his place in the Belle Harbor section of Queens by Port Authority of New … Read the original article on Gaea Times at : JetBlue Flight Attendant Gets Support from Facebook.

‘Foreign firms want to invest only near Dhaka, Chittagong’

DHAKA – Asian investors want to set up manufacturing units or relocate their existing industries only around the national capital and port town of Chittagong in Bangladesh, says an official.

In the first six months of 2010, the Board of Investment (BoI) had received demands for over 800 acres of industrial land, mainly in the two …. Original article on Gaea Times at  : ‘Foreign firms want to invest only near Dhaka, Chittagong’.

Asian stock markets drop as China imports slow, investors await US Fed meeting outcome

Asian stock markets drop as China imports slow

BANGKOK – Asian markets slid Tuesday on signs China’s economy continues to slow and ahead of a Federal Reserve meeting that may bring new measures to prop up sputtering U.S. growth.
Shanghai stocks led the retreat in Asia after China’s July trade figures showed a big drop in the …. Original source  : Asian stock markets drop as China imports slow, investors await US Fed meeting outcome.

Government says China’s July exports up 38.1 percent, imports up 22.7 percent

China’s July exports up but import growth weakens

BEIJING – China’s exports grew strongly in July but import growth fell as its rapid economic expansion cooled, possibly hurting global demand.
Exports rose 38.1 percent over a year ago to $145.5 billion while imports gained 22.7 percent to $116.8 billion, the customs agency reported Tuesday. Export growth eased …. Source  : Government says China’s July exports up 38.1 percent, imports up 22.7 percent.

‘South Asia matters more with India’s rise’

WASHINGTON – Given the rise of India and the difficulties of Pakistan, South Asia matters a little more in global affairs with the decline of America relative to Asia, according to a former Bush era official.

“Although we’re still and will remain the strongest power economically, militarily, etc. for well over 20 years into the future. … Read more >>>.

Oil falls slightly to near $81 as traders look to Fed for possible stimulus

Oil falls to near $81 ahead of Fed meeting

SINGAPORE – Oil prices fell to near $81 a barrel Tuesday in Asia as investors looked to a Federal Reserve meeting for possible policy changes to boost U.S. economic growth.
Benchmark crude for September delivery was down 33 cents at $81.15 a barrel at midday Singapore time in … Read more >>.

BlackBerry stock bounces as Germany mulls ban

TORONTO – After sinking by more than eight percent last week over Saudi Arabia’s ban threat, shares of BlackBerry maker Research In Motion (RIM) rebounded heavily Monday even as Germany is reportedly mulling a ban on the smart phone over a “dramatic increase in cyber attacks”.

RIM stock rose 3.4 percent to close at $56.80 amid … Read the original article on Gaea Times at : BlackBerry stock bounces as Germany mulls ban.

Fed ponders new steps to boost recovery; Wall Street closely watches next move

Wall Street closely watching Fed’s next move

WASHINGTON – Federal Reserve policymakers are pondering ways to jump-start the economic recovery. The trick: making sure whatever they do or say doesn’t rattle Wall Street.
U.S. stocks closed higher Monday as investors anticipated reassuring words or action Tuesday by Fed Chairman Ben Bernanke and his colleagues on the Federal … Read more »»».

Money Market Operations as on August 09, 2010

…. Source article  : Money Market Operations as on August 09, 2010.

News Corp. sells controlling stake in China TV businesses to government-backed fund

News Corp. sells stakes in China TV businesses

BEIJING – Rupert Murdoch’s News Corp. is selling a controlling stake in three of its TV businesses in China to a government investment fund as the media conglomerate scales down its ambitions in a market where foreign investors have struggled to succeed.
The fund, China Media Capital, will become … Original article on : News Corp. sells controlling stake in China TV businesses to government-backed fund.

BlackBerry boss to represent private sector on UN panel

TORONTO – Jim Balsillie, co-CEO of BlackBerry maker Research In Motion (RIM) based at Waterloo near here, was Monday appointed to a United Nations panel to study globally sustainable economic growth.

Balsillie joins India’s Environment Minister Jairam Ramesh, Finnish President Tarja Halonen and South African President Jacob Zuma among 21 members appointed to the …. Original article on Gaea Times at  : BlackBerry boss to represent private sector on UN panel.

Asian stocks mixed in early trade after small gains in US on hopes for more stimulus from Fed

Asian shares mixed after tepid US gains
TOKYO – Asian shares were mixed in early trade Tuesday after moderate Wall Street gains on increased expectations that the U.S. Federal Reserve will take action to spur the U.S. economy.

Japan’s Nikkei 225 was up 0.6 percent to 9,632.39, with major indexes in Taiwan, New Zealand and the Phillipines …. Source article  : Asian stocks mixed in early trade after small gains in US on hopes for more stimulus from Fed.

IEA raises global oil demand forecast on higher outlook in Europe, non-OECD region

Global oil demand seen rising slightly
PARIS – Global oil demand will rise 2.2 percent this year and will continue to grow in 2011, thanks to improving economic conditions in Europe and developing countries, the International Energy Agency said Wednesday.

In its monthly report on the oil markets, the Paris-based agency said global oil demand this year … Original source on Gaea Times at : IEA raises global oil demand forecast on higher outlook in Europe, non-OECD region.

Oil falls below $80 as investors eye slowing growth in China, falling stock markets

Oil falls below $80 as China growth slows
SINGAPORE – Oil prices fell below $80 a barrel Wednesday in Asia as signs of slowing growth in China and falling stock markets undermined expectations that demand for crude will strengthen.

Benchmark crude for September delivery was down 64 cents at $79.61 a barrel at late afternoon Singapore time … Read : Oil falls below $80 as investors eye slowing growth in China, falling stock markets.

Nestle beats expectations with $5 billion half-year profit, raises outlook

Nestle makes $5B half-year profit, raises outlook

GENEVA – Swiss food and drinks company Nestle SA reported Wednesday a 7.5 percent rise in half-year net profit to 5.45 billion Swiss francs ($5 billion) and raised its full-year outlook as global sales increased despite adverse currency exchange rates.
The results from the maker of Nescafe, Jenny Craig and …. Read the original article  : Nestle beats expectations with $5 billion half-year profit, raises outlook.

Tata Motors Jubiliant On Nano

KERALA, INDIA (GaeaTimes.com)- Tata motors is very happy with the response it is getting from the customers in Kerala. The company is offering a special deal for its entry level car Nano for the Onam festival in Kerala. The car buyers have shown immense interest on the Nano which is the cheapest car …. Original source  : Tata Motors Jubiliant On Nano.

ING earns ???1.09B ($1.44B) in second quarter on good margins, fewer bad investments

ING Q2 profit rises sharply
AMSTERDAM – ING Groep NV, the Dutch bank and insurance company, Wednesday reported a sharp rise in second quarter earnings, mostly because it avoided some of the losses it made a year ago on stocks, bonds, and real estate-related investments.

Net profit was euro1.09 billion ($1.44 billion), up from euro79 million in … Read : ING earns ???1.09B ($1.44B) in second quarter on good margins, fewer bad investments.

Desiree Rogers Becomes Johnson Publishing Company Inc. CEO

CHICAGO (GaeaTimes.com)- Former White House social secretary Desiree Rogers has a whole new job to prove her expertise. The Johnson CEO Linda Johnson Rice on Tuesday named Desiree Rogers as the chief executive officer of Johnson Publishing Company Inc. 51-year-old Desiree Rogers had in past remained the director of the Illinois Lottery and …. Source  : Desiree Rogers Becomes Johnson Publishing Company Inc. CEO.

World markets drop as strong yen knocks Japan shares, China shows more signs of slowdown

World stocks drop as China slows, yen knocks Japan

BANGKOK – World markets slid Wednesday as strength in the yen knocked Japanese shares and China’s economy showed more signs of slowdown, offsetting halfhearted enthusiasm for the U.S. Federal Reserve’s new stimulus measures.
The Nikkei 225 stock average led losses, diving more than 2.5 percent as the yen …. Original article  : World markets drop as strong yen knocks Japan shares, China shows more signs of slowdown.

Bharti Airtel reports 32 percent drop in net profit

NEW DELHI – Indian telecom major Bharti Airtel, which recently acquired the African assets of Kuwait’s Zain, Wednesday reported a 32 percent fall in its net profit for the quarter ended June 30, over the like period of last year.

Announcing its consolidated results, the company said it posted a net profit of Rs.1,682 crore … Read this article on Gaea Times at : Bharti Airtel reports 32 percent drop in net profit.

Companies rule out ports closure hitting fuel supply

MUMBAI – State-run oil marketing companies have ruled out a fuel shortage following the closure of the Jawaharlal Nehru and Mumbai ports, which has disrupted shipment of crude oil to local refineries.

The companies said they have stocked up inventories and will get supplies through pipelines.
“There is no problem for the immediate … Read : Companies rule out ports closure hitting fuel supply.

Toyota halts auto exports to Iran

TOKYO – Toyota Motor Corp has halted auto exports to Iran amid growing international pressure over Tehran’s nuclear programme, a news report said Wednesday.

Toyota’s auto exports to Iran do not violate US sanctions, but the automaker suspended shipments as foreign companies that deal with Iran have come under scrutiny by the US government, Nikkei …. Source  : Gaea News Network.

RBI releases Discussion Paper on Entry of New Banks in the Private Sector

The Reserve Bank of India released on its website today, the Discussion Paper on “Entry of New Banks in the Private Sector (rbidocs.rbi.org.in/rdocs/content/PDFs/FIDIS110810.pdf) ”. The paper seeks views/comments of banks, non-banking financial institutions, industrial houses, other institutions and the public at large.
Suggestions and comments are invited on the … Read this article on Gaea Times at : RBI releases Discussion Paper on Entry of New Banks in the Private Sector.

Bharti Airtel to acquire Telecom Seychelles for $62 million

NEW DELHI – India’s Bharti Airtel Wednesday said it will acquire 100 percent stake in the Telecom Seychelles for $62 million to expand its business in Africa.

“Telecom Seychelles has world-class operations that include state-of-the art 3G services. These operations will benefit further by leveraging the efficiencies of scale of our African operations,” said Bharti …. Source  : Gaea News Network.

Winners in both parties highlight their inexperience in politics

Primary winners highlight political inexperience
WASHINGTON – All hail inexperience – the less familiarity with politics the better, no matter the party or state.
“This election is the first time my name has ever been on a ballot,” appointed Sen. Michael Bennet of Colorado said Tuesday night, hours after dispatching his rival in … Read more : Winners in both parties highlight their inexperience in politics.

Montana ‘cow whisperer’ tries to improve cattle industry’s image after video of animal abuse

Cow whisperer aims to improve livestock handling

WOLF CREEK, Mont. – The herd of lowing cows parted like a wave before Curt Pate, who rode straight up to the bull and let him know who was in charge without making a sound.
Pate, a 49-year-old Montana cowboy who consulted on the 1998 Robert Redford film “The Horse … Read the original article on Gaea Times at : Montana ‘cow whisperer’ tries to improve cattle industry’s image after video of animal abuse.

Colombia, Venezuela leaders agree to restore ties ruptured in dispute over leftist rebels

Colombia, Venezuela restore diplomatic relations

SANTA MARTA, Colombia – The leaders of Colombia and Venezuela have re-established diplomatic relations, saying they are starting to repair confidence undermined by years of recriminations between the two countries.
The announcement came after a four-hour meeting Tuesday between Venezuelan President Hugo Chavez and Colombia’s new leader, Juan Manuel Santos, restoring ties …. Source article on Gaea Times at  : Colombia, Venezuela leaders agree to restore ties ruptured in dispute over leftist rebels.

Regulatory body for auto industry soon

NEW DELHI – A specialised body for regulating the auto industry will soon be set up for sustainable growth of the sector, union Minister for Heavy Industries and Public Enterprises Vilasrao Deshmukh has said.

“It will act as a catalyst for sustainable growth of the Indian automobile industry,” Deshmukh said at the golden jubilee celebrations of … Read the original article on Gaea Times at : Regulatory body for auto industry soon.

Indian-origin management guru to address Malaysian forum

KUALA LUMPUR – Virgin Group founder and chairman Richard Branson and US-based Indian management guru Anil Gupta will address a forum here next month.

Branson is expected to outline his thoughts on the current investment landscape and on the growing importance of Asia in the forum entitled “Dawn of the New Decade – Alternative Investment …. Source  : Gaea News Network.

Russia’s Sistema to float public issue for Indian telecom arm

NEW DELHI – Sistema, one of Russia’s largest listed companies with annual revenues of $19 billion, will soon float a public issue for its Indian telecom services venture after Moscow concludes its funds infusion programme of around $675 million.

“We are ready for a public issue. In principle, this has been approved. But there are some … Read the original article on Gaea Times at : Russia’s Sistema to float public issue for Indian telecom arm.

Bharti Airtel quarterly profits down 32 percent on forex loss and price competition in India

Bharti Airtel profit down on price war, forex loss

MUMBAI, India – Bharti Airtel said quarterly profits fell 32 percent to $361 million on foreign exchange losses and tight competition in its main India market.
A stronger dollar fueled currency losses of $46 million during the quarter, the company said Wednesday.
Revenues for the April-to-June quarter were $2.6 …. Original source  : Bharti Airtel quarterly profits down 32 percent on forex loss and price competition in India.

China’s July industrial growth slows further amid credit curbs as inflation spikes up

China’s industrial growth slows, inflation jumps

BEIJING – China’s industrial growth slowed further in July as Beijing clamped down on a credit boom, fueling expectations it will ease monetary policy to shore up its economic expansion.
Inflation spiked to its highest level this year as summer flooding wrecked crops but analysts said the increase will likely prove … Read this article on Gaea Times at : China’s July industrial growth slows further amid credit curbs as inflation spikes up.

Eurozone industrial production unexpectedly falls 0.1 percent in June

Eurozone industrial output in unexpected June fall

LONDON – Official data shows industrial production in the 16 countries that use the euro unexpectedly fell in June, raising fears that economic growth in the eurozone may not be as strong as anticipated.
Eurostat, the EU’s statistics office, said Thursday that industrial output slid 0.1 percent in June from … Read : Eurozone industrial production unexpectedly falls 0.1 percent in June.

Oil falls below $78 in Asia amid signs global economy slowing, stock market slump

Oil falls below $78 on signs world economy slowing

SINGAPORE – Oil prices fell below $78 a barrel Thursday in Asia, extending losses amid signs the global economy will grow at a slower rate in the second half than previously expected.
Benchmark crude for September delivery was down 28 cents at $77.74 a barrel at late afternoon …. Source  : Oil falls below $78 in Asia amid signs global economy slowing, stock market slump.

SBI net profit jumps 25 percent, scrip at all time high

MUMBAI – The country’s largest lender, State Bank of India, Thursday reported a 25 percent jump in net profit at Rs.2,914.2 crore for the quarter ended June 30, beating street expectations, which propelled its scrip to an all time high at the Bombay Stock Exchange.

In the previous corresponding quarter, the bank had posted a …. Source article  : SBI net profit jumps 25 percent, scrip at all time high.

Sensex slips below 18,000 as world stocks slump

MUMBAI – A benchmark index for Indian equities fell below the 18,000 points mark Thursday as Asian markets remained under pressure on fresh concern over the global economic recovery.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened deep in the red and plunged 155 points within minutes trading started.
The … Read the original article on Gaea Times at : Sensex slips below 18,000 as world stocks slump.

Food inflation back to double digits at 11.4 percent

NEW DELHI – After dipping for two straight weeks, India’s food inflation rose again to double digits at 11.4 percent for the week ended July 31, as prices of cereals, milk and fruits went up, official data released Thursday showed.

Food inflation was 9.53 percent a week earlier.
The fuel prices index, however, declined to … Read more >>.

Brewer AB InBev says football World Cup helped push up Q2 sales, net profit

AB InBev Q2 profit up 7.5 pct on World Cup boost

BRUSSELS – Anheuser-Busch InBev NV, the world’s largest brewer, said Thursday that the World Cup helped push up sales in the second quarter, boosting net profit by 7.5 percent to $1.15 billion.
The producer of Budweiser, Stella Artois and Beck’s said results this year beat its … Original article on : Brewer AB InBev says football World Cup helped push up Q2 sales, net profit.

Dutch insurer Aegon returns to profit in 2nd quarter on investment gains, fewer charges

Aegon Q2 makes profit amid fewer one-time charges

AMSTERDAM – Aegon NV, the Dutch insurer, said Thursday it made a profit in the second quarter as its gains on investments improved and it suffered fewer losses and impairment charges than in any quarter in the past two years.
Net profit was ???413 million ($532 million), from a … Read : Dutch insurer Aegon returns to profit in 2nd quarter on investment gains, fewer charges.

Lawmakers unlikely to block US-Russia civil nuke deal despite mistrust of Moscow

Blockage of US-Russia civil nuclear deal unlikely
WASHINGTON – Despite misgivings about Russia, Congress appears unlikely to block a deal that would allow U.S. companies to export nuclear technology to America’s former Cold War rival.
The probable passage of the civil nuclear agreement stands in contrast to the unexpectedly rocky road facing a separate treaty … Original article on : Lawmakers unlikely to block US-Russia civil nuke deal despite mistrust of Moscow.

AP-Univision poll: Many US Latinos who speak English turn to Spanish TV, radio

Poll: English-speaking Latinos turn to Spanish TV
WASHINGTON – An automobile technician by day, Miguel Ramirez often returns home in a mostly white Dallas suburb to a world of romantic telenovelas, futbol or the latest U.S. news on Spanish-language TV.
“When there is a Mexican soap opera that is really juicy, my wife and her …. Source article  : AP-Univision poll: Many US Latinos who speak English turn to Spanish TV, radio.

Karl Marx died poor; Darwin, Dickens richer

LONDON – No wonder! The enemy of capitalism Karl Marx left just 250 pounds to his name while Charles Darwin, the naturalist who preached the “survival of the fittest” theory in the evolution of species, owned 13 million pounds.

Though the German-born philosopher would be worth 23,000 pounds in today’s money, Marx’s estate pales into insignificance … Original source on Gaea Times at : Karl Marx died poor; Darwin, Dickens richer.

Asian shares slide after sharp falls in Europe, US on signs of slowing global growth

Asian shares slide on signs of slowing growth

BANGKOK – Asian markets tumbled Thursday as investors dumped riskier assets like stocks amid growing evidence the world economic recovery is stumbling. European shares posted moderate gains after a big drop the day before.
The third day of losses in Asia came after steep falls on Wall Street that … Read more >>>.

Two RBI Officials win Mahalanobis Award

The Reserve Bank of India felicitated two of its officers, Dr. G. P. Samanta, Director and Dr. Abhiman Das, Assistant Adviser in the Department of Statistics and Information Management for winning the prestigious Prof. P. C. Mahalanobis award (medal) for the years 2006 and 2008, respectively, for their outstanding …. Source article on Gaea Times at  : Two RBI Officials win Mahalanobis Award.

Men make better bosses than women: British survey

LONDON – Women bosses are a nightmare to work for as they are too “sharp tongued” and “loose cannons” while male bosses are easier to deal with since they are straight-talking and get to the point, a survey in Britain has revealed.

The 3,000 respondents in the survey included both men and women.
Female bosses … Read more : Men make better bosses than women: British survey.

Indian utility vehicle maker prime bidder for Ssangyong

SEOUL – Indian utility vehicle maker Mahindra & Mahindra Ltd has emerged Thursday as preferred bidder for a majority stake in ailing South Korean carmaker Ssangyong Motor Co.

The smallest of South Korea’s five carmakers and its creditors said that they had chosen the Indian company and planned to sign a memorandum of understanding by the …. Original source  : Indian utility vehicle maker prime bidder for Ssangyong.

Oil falls to near $77 in Asia amid signs global economy slowing, stock market slump

Oil falls near $77 on signs global economy slowing

SINGAPORE – Oil prices fell to near $77 a barrel Thursday in Asia, extending losses amid signs the global economy will grow at a slower rate in the second half than previously expected.
Benchmark crude for September delivery was down 56 cents at $77.46 a barrel at midday … Read the original article on Gaea Times at : Oil falls to near $77 in Asia amid signs global economy slowing, stock market slump.

Fresh Express recalling some salad products because of possible Listeria risk

Fresh Express recalling some salad products

SALINAS, Calif. – Fresh Express is voluntarily recalling some of its salad products because of a possible health risk from Listeria monocytogenes.
The Salinas-base company is recalling 2,825 cases of its Veggie Lovers Salad. The recalled salad mix has a product code of I208 and use-by date of Aug. 10.
The salad …. Source article  : Fresh Express recalling some salad products because of possible Listeria risk.

SingTel’s 2Q profit drops slightly as earnings slump in India, the Philippines, Indonesia

Singapore’s SingTel 2Q profit drops 0.2 percent

SINGAPORE – Singapore Telecommunications Ltd. said its profit dropped slightly last quarter as higher revenue from its local and Australian mobile operations offset lower earnings in India, the Philippines and Indonesia.
The company known as SingTel said in a statement Thursday that net profit for the April-June period fell to …. Original article  : SingTel’s 2Q profit drops slightly as earnings slump in India, the Philippines, Indonesia.

China acknowledges only foreign companies hit by anti-monopoly law but denies discriminating

China admits only foreigners hit by anti-trust law

BEIJING – China acknowledged Thursday that only foreign companies have been forced to scrap or change business deals under its two-year-old anti-monopoly law but rejected complaints the measure is discriminatory.
Regulators have examined 140 cases and rejected outright only one, Coca-Cola Co.’s 2008 bid to buy Chinese fruit juice …. Source  : Gaea News Network.

Qantas posts 4 percent fall in annual profit to $100 million but says market is improving

Qantas posts 4 pct drop in annual profit to $100M

SYDNEY – Qantas Airways Ltd. posted a 4.3 percent fall in annual profit – partly blaming the Icelandic volcano ash that shut down air travel over Europe earlier this year – but said market conditions were improving.
Net profit for the 12 months through June was 112 … Read the original article on Gaea Times at : Qantas posts 4 percent fall in annual profit to $100 million but says market is improving.

Home repossessions surged in July, but pace of new home loan defaults continued to slow

Homes lost to foreclosure up 6 pct from last year

LOS ANGELES – The number of U.S. homes lost to foreclosure surged in July, another sign lenders are moving quicker to take back properties from homeowners behind in payments.
Lenders repossessed 92,858 properties last month, up 9 percent from June and an increase of 6 percent from …. Original article on Gaea Times at  : Home repossessions surged in July, but pace of new home loan defaults continued to slow.

Massive German growth helps eurozone economy expand by 1 percent in second quarter

Eurozone economy grows by 1 percent in 2nd quarter

LONDON – Official data show that the economy of the 16 countries that use the euro expanded by 1 percent during the second quarter, largely thanks to Germany, which enjoyed its fastest growth since reunification two decades ago.
The increase reported Friday by Eurostat, the EU’s statistics office, … Read the original article on Gaea Times at : Massive German growth helps eurozone economy expand by 1 percent in second quarter.

Nuclear bill report to be tabled Wednesday

NEW DELHI – The Parliamentary Standing Committee on Science and Technology, which is examining the nuclear liability bill, is expected to table its report next week, its chairman T. Subbirami Reddy said here.

“I am confident that the report will be tabled in parliament Wednesday,” Reddy told IANS.
Reddy said he was trying for a consensus … Original source on Gaea Times at : Nuclear bill report to be tabled Wednesday.

Oil rises above $76 in Asia, bouncing back from week’s losses as stock markets gain

Oil rises above $76 as world stocks bounce back

SINGAPORE – Oil prices rose above $76 a barrel Friday in Asia, clawing back some of this week’s losses as stock markets rebounded.
Benchmark crude for September delivery was up 46 cents at $76.20 a barrel at late afternoon Singapore time in electronic trading on the New York …. Source article  : Oil rises above $76 in Asia, bouncing back from week’s losses as stock markets gain.

US FDA commissioner says Chinese working hard to impove safety following quality scandals

US FDA head says China improving food, drug safety
SHANGHAI – The head of the U.S. Food and Drug Administration says China is improving its oversight of its exporters following a slew of scandals over bogus or substandard drugs and foods ranging from vaccines and infant formula to dog chow.
FDA Commissioner Margaret Hamburg said …. Original article on Gaea Times at  : US FDA commissioner says Chinese working hard to impove safety following quality scandals.

BlackBerry draws ‘firm line’ on access to key services

TORONTO – With India setting Aug 31 as the deadline for BlackBerry service providers to allow access to its encrypted data, the Canadian developer of this popular device, Research in Motion (RIM), Friday said it “has drawn a firm line” on the matter.

The company said it already provides telecom carriers some capabilities for “lawful” access …. Read the original article  : BlackBerry draws ‘firm line’ on access to key services.

World shares advance, snapping losing streak as investors scoop up beaten down stocks

World stocks snap losing run amid growth jitters

BANGKOK – World markets rebounded Friday, breaking a weeklong slump as investors scooped up beaten down stocks and Germany’s economy grew at its fastest pace for more than two decades.
But sentiment remained guarded as an overnight fall on Wall Street and a weak U.S. jobs report added to … Read more »».

Indian tourists prefer upscale packages in Malaysia

KUALA LUMPUR – Malaysian tourism industry was Friday urged to create more upscale high-quality travel packages for visitors from India, China and Middle East.

Malaysia Tourism Promotion Board chairman Victor Wee said the National Key Economic Area (NKEA) has forecast that tourists from these countries would increase to 25 percent from the current 15 percent in …. Source article  : Indian tourists prefer upscale packages in Malaysia.

India to link 12 more countries to Pan-African network

NEW DELHI – Twelve more African countries will be formally inducted into India’s flagship initiatives in tele-medicine and tele-education as part of the Pan-African network that will also establish a communication link between secretariats of their heads of states.

On Aug 16, Indian External Affairs Minister S.M. Krishna will have a video-conference with ministers of 12 …. Source  : Gaea News Network.

IAF to receive all six C-130J airlifters in 2011

NEW DELHI – The Indian Air Force (IAF) will receive the first two C-130J special operations aircraft from the United States in February 2011 and the remaining four ordered by the end of the year.

The Chief of Air Staff, Air Chief Marshal P.V. Naik told India Strategic defence magazine (www.indiastrategic.in) in an interview that the …. Source article on Gaea Times at  : IAF to receive all six C-130J airlifters in 2011.

Orange County Chopper: Customized Motorcycle Manufacturer

LOS ANGELES (Gaeatimes.com) — The owners of Orange County Choppers, Sr. Paul & Jr. Paul will be seen together sharing the screen of “American Chopper” in its new season. After the conflict between the dad and son, the duo is in action to create more innovative designs of motorcycles. The show is aired on TLC … Original article on : Orange County Chopper: Customized Motorcycle Manufacturer.

New warehouses being set up for storing foodgrains: Pawar

NEW DELHI – A day after the Supreme Court asked the central government to deal with the problem of foodgrains rotting in warehouses, Agriculture Minister Sharad Pawar Friday said the government was taking “appropriate action” and was in the process of setting up new storage facilities.

“The government, the FCI (Food Corporation of India) has …. Original source  : New warehouses being set up for storing foodgrains: Pawar.

Flight attendant taps into worker fantasy: walking out on job that’s more prison than passion

Flight attendant’s grand exit is a dream for some

NEW YORK – Hasn’t everyone thought about doing it?
When the cubicle started to feel more like a prison than a calling? When the bossiest boss had a smile that was just too smug? When the piddling wage seemed not to be worth the aggravation?
Defying the rules, telling …. Read the original article  : here.

German economic growth surges to 2.2 percent in 2nd quarter, best since reunification

Germany sees fastest growth since reunification

BERLIN – Germany’s economy surged ahead in the second quarter, growing 2.2 percent – the fastest pace for at least two decades and beating market forecasts – as a global recovery fed demand for its exports.
The first-quarter growth figure for Europe’s biggest economy also was revised upward Friday to 0.5 … Original source on Gaea Times at : German economic growth surges to 2.2 percent in 2nd quarter, best since reunification.

Sensex at day’s high

MUMBAI – A benchmark index for Indian equities Friday rose to its intra-day high in noon trade Friday with Asian cues remaining steady.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened higher at 18,080.29 points and was ruling 18,220.65 points, 146.75 points or 0.81 percent up from its previous close at …. Source  : Sensex at day’s high.

MakeMyTrip valuation soars 90 percent on Nasdaq debut

NEW YORK – MakeMyTrip, a pioneering Indian online travel portal, has made a dream debut on the US markets with its shares soaring over 90 percent after listing on the Nadaq, catapulting its valuation to $800 million.

“It is fair to say it’s been a fairytale listing for us now,” said Deep Kalra, chief executive officer …. Source article  : MakeMyTrip valuation soars 90 percent on Nasdaq debut.

Asian shares advance, snapping losing streak as investors scoop up beaten down stocks

Asia stocks snap losing run amid growth jitters

BANGKOK – Asian markets rebounded Friday, breaking a weeklong slump as investors scooped up beaten down stocks.
But sentiment remained as an overnight fall on Wall Street and a weak U.S. jobs report added to evidence the recovery in the world’s biggest economy is stumbling.
Economic figures from China and … Read more : Asian shares advance, snapping losing streak as investors scoop up beaten down stocks.

Oil rises above $76 in Asia, bouncing back from week’s losses as regional stocks gain

Oil rises above $76 as Asian stocks rise
SINGAPORE – Oil prices rose above $76 a barrel Friday in Asia, clawing back some of this week’s losses as regional stock markets rebounded.

Benchmark crude for September delivery was up 90 cents at $76.76 a barrel at afternoon Singapore time in electronic trading on the New York Mercantile … Original source on Gaea Times at : Oil rises above $76 in Asia, bouncing back from week’s losses as regional stocks gain.

New land port opens in Bangladesh

DHAKA – Bangladesh Friday opened a new land port at Akhaura in Brahmanbaria district that helps it connect with India’s Agartala city.

With the ceremonial opening of the new port, Bangladesh has 14 land ports that ensure better connectivity with India with which it has 4,300 km land border.
Bangladesh, India, Nepal and Bhutan are … Read more >>>.

German economic growth surges ahead to 2.2 percent in 2nd quarter

Germany economy grew by 2.2 percent in 2nd quarter

BERLIN – Official data show that the German economy – Europe’s biggest – grew by 2.2 percent in the second quarter compared with the previous three-month period. That was its best performance since reunification two decades ago.
Preliminary figures from the Federal Statistical Office showed Friday that growth … Read more »».

Steelmaker ThyssenKrupp reports quarterly earnings of $383 million as orders, revenues soar

ThyssenKrupp reports profit as orders soar

BERLIN – German steelmaker ThyssenKrupp AG says it earned ???298 million ($383 million) in the April-June quarter as orders and revenues both rose strongly in a recovering economy.
The profit reported Friday compared with a net loss of ???630 million a year earlier in the company’s fiscal third quarter.
ThyssenKrupp says that … Read more »».

Roadmap for northeast infrastructure needed: Sarkar

AGARTALA – The central government should chart out a roadmap to bring about a sea-change in the infrastructure of the northeast to make it a self-reliant region, Tripurta Chief Minister Manik Sarkar said Sunday in his Independence Day speech.

“Long neglect, deprivation and backwardness makes the northeast region isolated from the rest of the world,” Sarkar … Read more : Roadmap for northeast infrastructure needed: Sarkar.

Success of companies depend on employee perceptions

WASHINGTON – When a JetBlue flight attendant deplaned last week, many questions arose as to why someone would be willing to give up a steady job during these tough economic times.

While this “working man’s hero” will most likely be questioning his motives as he hands over his lawyer’s fees, a new report suggests that …. Original article  : Success of companies depend on employee perceptions.

Indian shows where there’s a wheel, there’s a way in Nepal

KATHMANDU – When Pritam Singh first came to Nepal from Jammu as an 18-year-old in 1957 – 10 years after India had become independent – Nepal, though never colonised by the British, was virtually cut off from the rest of the world.

Though its rulers opened the Hindu kingdom to outsiders in the 1950s following a …. Source article on Gaea Times at  : Indian shows where there’s a wheel, there’s a way in Nepal.

Sri Lanka launches new port built with Chinese financing

COLOMBO – Sri Lanka inaugurated a new harbour constructed with Chinese assistance Sunday, officials said.

The port in Hambantota, 240 km south-east of the capital, is expected to begin receiving ships in November.
The project was built at a cost $360 million, 85 percent of which came as a loan from the Export-Import Bank of China … Original article on : Sri Lanka launches new port built with Chinese financing.

Karunanidhi promises free pump sets for farmers

CHENNAI – Tamil Nadu Chief Minister M. Karunanidhi Sunday promised to provide new power efficient water sets for small and marginal farmers.

Speaking on Independence Day after unfurling the national flag for the 14th time in his political career here, Karunanidhi said that one reason for power shortage was the use of energy intensive pump sets … Original source on Gaea Times at : Karunanidhi promises free pump sets for farmers.

Economy is strong, we will tackle inflation, infrastructure: PM (Roundup)

NEW DELHI – With a strong note of optimism on the economy, Prime Minister Manmohan Singh Sunday assured the nation that inflation will be tamed, promised world-class infrastructure to spur growth and announced a new institution to develop high-yielding seeds.

“Today, India stands among the fastest growing economies of the world. As the world’s largest democracy, … Read this article on Gaea Times at : Economy is strong, we will tackle inflation, infrastructure: PM (Roundup).

Nitish unfurls national flag, declares Bihar drought-hit

PATNA – Bihar Chief Minister Nitish Kumar hoisted the national flag here on Independence Day Sunday and declared that the entire state was drought-hit as the over 30 percent rainfall deficit had severely affected the paddy crop.

Soon after unfurling the tricolour at the Gandhi Maidan here, Nitish Kumar declared 10 more districts as drought-hit and … Read more >>.

Indian economy example for others to emulate: PM

NEW DELHI – Prime Minister Manmohan Singh Sunday said India was not only among the fastest-growing growing economies but an example for others as it achieved the feat despite drought and global slowdown.

“Today, India stands among the fastest growing economies of the world. As the world’s largest democracy, we have become an example for many … Read this article on Gaea Times at : Indian economy example for others to emulate: PM.

‘Infrastructure will be improved like New Delhi airport’

NEW DELHI – Prime Minister Manmohan Singh Sunday termed as “excellent” the new airport terminal here and assured similar efforts to spruce up the country’s infrastructure with private sector’s support.

“There is a large deficit in our physical infrastructure which affects our economic development adversely,” the prime minister said in his Independence Day … Read more »»».

Will address environmental concerns: PM

NEW DELHI – Prime Minister Manmohan Singh said Sunday the government will endeavour to take care of environmental concerns in its economic development projects.

“Our government will endeavour to take care of environmental concerns in our projects for economic development,” he said while addressing the nation from the Red Fort on India’s 64th Independence Day.
Noting … Read the original article on Gaea Times at : Will address environmental concerns: PM.

Teach children importance of hygiene: PM

NEW DELHI – Noting that it was the primary responsibility of all Indians to maintain cleanliness and hygiene around them, Prime Minister Manmohan Singh Sunday urged that children are taught the importance of cleanliness and hygiene in schools.

“Nutritious food and good health services are necessary but not enough for ensuring good health of our citizens. … Read more : Teach children importance of hygiene: PM.

Rookie Mike Leake snaps 3-start losing streak and drives in run as Reds beat Marlins 5-4

Leake snaps losing streak, drives in run for Reds

CINCINNATI – Mike Leake snapped his three-start losing streak and drove in a run, Drew Stubbs homered and the Cincinnati Reds moved back into a tie for the NL Central lead by beating the Florida Marlins 5-4 Saturday night.
The Reds went into the game knowing division-leading St. …. Source  : Rookie Mike Leake snaps 3-start losing streak and drives in run as Reds beat Marlins 5-4.

No option was left but to hike fuel prices: PM

NEW DELHI – Prime Minister Manmohan Singh Sunday said no option was left but to hike prices of petroleum products, particularly since the cost of crude oil, of which India is a major importer, had shot up in global markets.

“The subsidy on petroleum products has been increasing every year. It had [..] Read the original article: here.

New institute to usher second green revolution: PM

NEW DELHI – Prime Minister Manmohan Singh Sunday announced a new scientific institution to help develop new seeds and technology for farmers named after Nobel laureate Norman Borlaug to ensure a four percent farm sector growth.

“Our country has not witnessed any big technological breakthrough in agriculture after the Green Revolution. We need technology which … Read this article on Gaea Times at : New institute to usher second green revolution: PM.

I assure, inflation will fall: PM

NEW DELHI – Prime Minister Manmohan Singh Sunday said he shared the concerns of people over high prices and assured that every possible step was being taken by the government to tame inflation.

“I know that in the last few months high inflation has caused you difficulties,” the prime minister said in his Independence …. Original article  : I assure, inflation will fall: PM.

Montero hits 2 of Arizona’s 4 HRs, Kennedy pitches Diamondbacks past Nationals 9-2

Montero’s 2 homers, lead Kennedy, Diamondbacks

WASHINGTON – Miguel Montero hit two of Arizona’s four home runs and Ian Kennedy pitched seven strong innings and singled twice as the Diamondbacks beat the Washington Nationals 9-2 Saturday night.
The Diamondbacks have hit lots of home runs this week. On Wednesday, they tied a major league record by connecting … Original source on Gaea Times at : Montero hits 2 of Arizona’s 4 HRs, Kennedy pitches Diamondbacks past Nationals 9-2.

Russia stops foodgrain exports

Moscoow, Aug 15 (IANS/RIA Novosti) Russia has stopped the exports of foodgrains till the end of this year to cope up with the loss of agricultural harvest due to scorching heat wave and draught.

The ban on export which came into force Sunday will remain until the end of this year. However, the government may revise …. Source article on Gaea Times at  : Russia stops foodgrain exports.

Goldman Sachs CEO, other top execs reap big gains on stock options set to expire in November

Goldman Sachs CEO makes $6.1M on stock options

NEW YORK – Goldman Sachs Group Inc. CEO Lloyd Blankfein has reaped a $6.1 million gain by cashing in more than 90,000 stock options before they expired in November.
Blankfein realized the windfall Wednesday by exercising his right to buy 90,681 Goldman shares at $82.875, according to a Friday …. Source  : Gaea News Network.

Apple manager indicted on charges he received kickbacks in exchange for company information

Apple manager indicted on kickback charges

CUPERTINO, Calif. – A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.
Authorities say Paul Shin Devine of Sunnyvale was arrested on Friday on charges of wire fraud, money laundering and kickbacks. The indictment had …. Read the original article  : Apple manager indicted on charges he received kickbacks in exchange for company information.

52 workers get Shram Awards

NEW DELHI – Fifty-two people employed in state-run and private sector units were Saturday announced as recipients of the Prime Minister’s Shram Awards for the year 2008.

According to an official statement, the awards have been given to workers in recognition of their distinguished performances, innovative abilities, outstanding contribution in the field of productivity and exhibition … Read this article on Gaea Times at : 52 workers get Shram Awards.