Scandinavian airline group SAS blames ash cloud for 2nd-quarter loss, would have made profit

SAS blames ash cloud for second-quarter loss

STOCKHOLM – Scandinavian airline group SAS AB saw its losses narrow in the second quarter and said Wednesday it would have swung back to profit if it weren’t for the ash cloud from an Icelandic volcano.
SAS made a net loss of 502 million kronor ($68 million) in the April-June …. Source article  : Scandinavian airline group SAS blames ash cloud for 2nd-quarter loss, would have made profit.

Kurt Vonnegut’s Indiana hometown to honor author with memorial library set to open in November

Vonnegut memorial library to open in Indianapolis

INDIANAPOLIS – Three years after his death, pieces of Kurt Vonnegut’s life are coming together in his hometown, where a new library will chronicle the “Slaughterhouse Five” author’s harrowing World War II experiences and his works that struck a chord with the Vietnam generation.
The Kurt Vonnegut Memorial Library scheduled …. Source  : Kurt Vonnegut’s Indiana hometown to honor author with memorial library set to open in November.

How the poll on politics and economy was conducted

How the poll on politics and economy was conducted

The Associated Press-GfK Poll on politics and the economy was conducted by GfK Roper Public Affairs and Corporate Communications from Aug. 11-16. It is based on landline and cell phone telephone interviews with a nationally representative random sample of 1,007 adults. Interviews were conducted with 706 respondents … Original article on : How the poll on politics and economy was conducted.

AP-GfK Poll: Obama falls to new low for handling economy; majority down on nation’s finances

AP Poll: Obama at new low for handling economy
WASHINGTON – President Barack Obama earned his lowest marks ever on his handling of the economy in a new Associated Press-GfK poll, which also found that an overwhelming majority of Americans now describe the nation’s financial outlook as poor.
A frustrated electorate could [..] Read the original article: here.

As returnable bottles become obsolete, it’s up to Pa. brewery whether to can a tradition

It’s up to Pa. brewery to can a bottling tradition

ST. MARYS, Pa. – For years, it was the way breweries did business: sell bottles, then take back the empties. It just made sense, especially to folks weaned in the lean days of the Great Depression and World War II, that bottles should be scrubbed and …. Source  : Gaea News Network.

Sensex builds on opening gains

MUMBAI – A benchmark index for Indian equities Wednesday extended its early morning gains, with auto and public sector companies leading the pack. The index was up 93 points a little before noon even as other major Asian markets reported a mixed bag.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which …. Original article on Gaea Times at  : Sensex builds on opening gains.

Deal with non-performing assets, government told

NEW DELHI – The Supreme Court Wednesday said the recovery of mounting non-performing assets was beyond its jurisdiction and that the government and the legislature should deal with it.

Justices J.M. Panchal and A.K. Patnaik said this while disposing a public interest litigation (PIL) filed by NGO Common Cause.
Writing the judgement, Justice Patnaik said they …. Read the original article  : here.

Spark Chevrolet Woody Unveiled

LONDON, UNITED KINGDOM (GaeaTimes.com)- All those car buyers who love driving car with a retro look and feel have reasons to feel happy. Leading carmaker Chevrolet which is a wing of GM has unveiled special edition compact car Spark woody meant for the European market. It is going to be showcased in the upcoming …. Source article on Gaea Times at  : Spark Chevrolet Woody Unveiled.

Asian stock markets mostly higher after stronger US earnings while China, Hong Kong retreat

Asia stocks mostly gain after stronger US earnings

BEIJING – Asian stocks were mostly higher Wednesday as stronger earnings from U.S. retailers Wal-Mart Stores Inc. and Home Depot Inc. eased some of the worries about slowing growth in China and elsewhere.
A rise in U.S. industrial output in July also helped underpin gains in Asia, but sentiment …. Source  : Gaea News Network.

Citing India, China, Obama promotes ‘Made In America’

WASHINGTON – President Barack Obama has asked Americans to produce more scientists and engineers and return to making things themselves lest nations like China and India outcompete them for the jobs of the future.

“We did not become the most prosperous nation on Earth by rewarding greed and recklessness of the sort that helped cause this … Read more >>>.

Oil falls but stays above $75 in Asia as investors eye US crude supplies

Oil falls on report showing rise in US supplies

KUALA LUMPUR, Malaysia – Oil prices fell Wednesday in Asia after a report showed U.S. crude supplies swelled last week, indicating demand for fuel may be weakening.
Benchmark crude for September delivery was down 46 cents at $75.31 a barrel at late afternoon Kuala Lumpur time in electronic … Read : Oil falls but stays above $75 in Asia as investors eye US crude supplies.

Record vehicle recalls this year

BERLIN – Major car makers have this year been forced to recall a record number of vehicles for repairs with Renault heading the list in Germany, according to figures released by the federal vehicle registration authority in reaction to a request by the Green parliamentary party faction.

In the latest recall Renault-Nissan had to recall 53,021 …. Original article  : Record vehicle recalls this year.

Murray advances in Washington primary, setting stage for closely watched race in November

Pivotal Senate race in Washington decided
OLYMPIA, Wash. – Democratic Sen. Patty Murray and her leading Republican challenger emerged from their primary Tuesday and will face off again in November in a race that could be pivotal in the battle for control of the Senate.
Murray and Republican Dino Rossi …. Source  : Murray advances in Washington primary, setting stage for closely watched race in November.

GM, China partner Shanghai SAIC plan new engine development, focusing on small cars

GM, China partner SAIC plan new engine development

SHANGHAI – General Motors Co. and Chinese partner SAIC announced Wednesday plans for joint development of fuel-efficient small engines and transmissions, focusing squarely on the fastest-growing part of China’s huge auto market.
The companies, which run several joint ventures including their flagship Shanghai GM, will develop a 1 liter …. Original article  : GM, China partner Shanghai SAIC plan new engine development, focusing on small cars.

Asian stock markets mostly rise on stronger Wal-Mart, Home Depot earnings

Asian stocks rise on stronger US earnings
TOKYO – Asian stock markets mostly rose Wednesday as investors took heart from better-than-expected earnings from U.S. retail giants Wal-Mart Stores Inc. and Home Deport Inc.

A rise in U.S. industrial output in July also helped underpin gains in Asia, but sentiment remained guarded amid other evidence that the U.S. … Read : Asian stock markets mostly rise on stronger Wal-Mart, Home Depot earnings.

Money Market Operations as on August 17, 2010

…. Source  : Gaea News Network.

AP Source: Accuser in Hewlett-Packard case claimed her jobs were cut because she rebuffed CEO

AP source: Accuser in HP case claimed work was cut

SAN FRANCISCO – The woman whose sexual harassment allegations led to the ouster of former Hewlett-Packard Co. CEO Mark Hurd claimed her work with the company dried up because she rebuffed Hurd’s advances, a person close to the investigation told The Associated Press.
The substance of the …. Original article  : AP Source: Accuser in Hewlett-Packard case claimed her jobs were cut because she rebuffed CEO.

Wash. plane passenger says she, pilot didn’t know they violated airspace around Air Force One

Fighters rattle Seattle after Obama airspace issue
SEATTLE – A passenger aboard a float plane that violated the airspace around Air Force One while President Barack Obama was in town Tuesday was stunned to find out about the fuss that resulted, saying the incursion wasn’t intentional.
The military scrambled fighter jets, and the two sonic … Read more : Wash. plane passenger says she, pilot didn’t know they violated airspace around Air Force One.

Taiwan’s legislature approves cross-strait tariff reduction pact, tying closer to China

Taiwan’s legislature approves China trade pact

TAIPEI, Taiwan – Taiwan’s legislature has approved a landmark China trade pact, bringing the economies of the once bitter foes to their closest point in more than 60 years.
The legislative vote late Tuesday came seven weeks after the signing of the Economic Cooperation Framework Agreement by the two governments. The [..] Read the original article: here.

New York Mets withhold K-Rod’s salary, move to convert contract to non-guaranteed

Mets withhold K-Rod’s salary, put him on DQ list

HOUSTON – The New York Mets are withholding injured closer Francisco Rodriguez’s salary while he’s sidelined, and the team wants to convert his contract to a non-guaranteed deal.
The moves could be a prelude to the Mets releasing the star closer without paying most of his 2011 salary.
Rodriguez …. Read the original article  : here.