Goa ropes in famed Konkani singer to draw tourists

PANAJI – After roping in Bollywood actress Prachi Desai as the face of tourism in Goa, Lorna — known as the nightingale of the state — will now play the pied piper to attract music-loving tourists to the state, which has faced a couple of lean tourism seasons on the trot.

After a lull of …. Source article on Gaea Times at  : Goa ropes in famed Konkani singer to draw tourists.

Four Indian ministers to visit Canada next month

TORONTO – Four Indian cabinet ministers will visit Canada next month to bolster ties between the two countries which signed nuclear, mining and other deals during Prime Minister Manmohan Singh’s visit here in June.

Making this announcement at India’s Independence Day celebrations here, Indian Consul General Preeti Saran said Power Minister Sushilkumar Shinde, Commerce Minister Anand [..] Read the original article: here.

India’s annual inflation eases to single digit

NEW DELHI – Helped by food prices cooling somewhat, India’s annual inflation slipped just below double digits to 9.97 percent in July, compared to 10.55 percent the previous month, official data released Monday showed.

The annual inflation figure, based on whoesale prices, is a more broad-based barometer of the price change in items.
May’s wholesale … Read the original article on Gaea Times at : India’s annual inflation eases to single digit.

Chhattisgarh creates 3,825-km roads in one year

RAIPUR – The Chhattisgarh government has built 3,825-km-long new roads in the past one year, Chief Minister Raman Singh said Monday.

“The state is working out a plan to build up a massive road infrastructure in all the 18 districts, including in forested interiors, which is evident from the figure that we constructed 3,825-km roads in … Read this article on Gaea Times at : Chhattisgarh creates 3,825-km roads in one year.

Pumpkins in August? Warm spring, hot summer have many fruits, vegetables ahead of schedule

Heat brings early harvest in New England, Midwest

BOSTON – Many fruit and vegetable farmers in New England and the Midwest say they expect an early harvest this year – if it hasn’t already started.
Early varieties of apples are already ripe for picking in many places. Sweet corn was a couple of weeks ahead of schedule, …. Original source  : Pumpkins in August? Warm spring, hot summer have many fruits, vegetables ahead of schedule.

China overtakes Japan as world’s second-largest economy

LONDON – China has overtaken Japan in the second quarter, after three decades of spectacular growth, to become the world’s second-largest economy behind the United States.

The milestone, though anticipated for some time, is the most striking evidence yet that China’s ascendance is for real and that the rest of the world will have to …. Original article  : China overtakes Japan as world’s second-largest economy.

Vedanta to pick up majority stake in Cairn India

MUMBAI – Global metals and mining major Vedanta Group Monday said it will acquire 51-60 percent of oil producer Cairn India in a deal worth $8.5-9.6 billion.

The all-cash deal will see Vedanta Resources Plc hold a 31-40 percent stake in Cairn India directly, while its Indian subsidiary Sesa Goa will control 20 percent, the mining … Read : Vedanta to pick up majority stake in Cairn India.

Italy’s Ferrero to set up $125 mn second chocolate unit in India

NEW DELHI – Ferrero, the $8- billion Italian confectionery giant, has firmed up plans for a new production facility in Maharashtra with an investment of over $125 million to whip up some of its popular brands that include Rocher and Kinder.

“The company’s new facility will be located near the existing plant at Baramati, near …. Source  : Gaea News Network.

China overtakes Japan in 2Q as world’s No. 2 economy amid slowdowin in recovery

China overtakes Japan in 2Q as No. 2 economy

TOKYO – Japan lost its place as the world’s No. 2 economy to China in the second quarter as receding global growth sapped momentum and stunted a shaky recovery.
Gross domestic product grew at an annualized rate of just 0.4 percent, the government said Monday, far below the …. Read the original article  : China overtakes Japan in 2Q as world’s No. 2 economy amid slowdowin in recovery.

Oil hovers under $76 a barrel in Asia amid expectations world growth to slow in second half

Oil hovers under $76 in Asia amid demand doubts

BANGKOK – Oil prices hovered under $76 a barrel Monday in Asia as expectations for stronger fuel demand in the second half were undermined by weaker economic figures from the world’s three biggest economies.
Benchmark crude for September delivery was up 40 cents at $75.79 a barrel at …. Original article  : Oil hovers under $76 a barrel in Asia amid expectations world growth to slow in second half.

Dhaka to upgrade its second largest port

DHAKA – Bangladesh plans to upgrade Mongla, its second largest port, and to build a third sea port at Kuakata. The twin moves are aimed at providing greater sea access to neighbours India, Nepal and Bhutan.

A memorandum of understanding (MoU) has already been signed with David Wignal Associate, a Singapore-based private company. The upgradation of … Read more >>.

Asian markets mixed as slowdowin in Japan growths add to evidence of cooling world recovery

Asian markets mixed as Japan’s growth slows

BANGKOK – Asian stocks markets were mixed Monday as a sharp slowdown in Japan’s growth added to evidence the global economy is losing momentum.
Recent figures on the U.S. and Chinese economies have also suggested global growth is facing headwinds as the initial burst of expansion in the wake of …. Read the original article  : here.

BlackBerry dispute leaves Indian users confused

NEW DELHI – Yamini Panth, 24, was hoping to buy a BlackBerry phone with her first salary. A part of computer major Dell’s corporate communications team, she saw in the device all the services she needed — e-mail, messenger, SMS and voice.

Now she is confused like many others, after the government set Aug 31 as …. Source article  : BlackBerry dispute leaves Indian users confused.

Report: Campaign spending in state judicial elections more than doubles since last decade

Report: Judicial spending doubles in last decade

Campaign fundraising for elections to the nation’s top state courts has doubled to more than $200 million over the last decade, fueled partly by super-spending individuals and groups investing big money to influence down-ticket races, according to a study released Monday.
Between 2000 to 2009, campaign spending for state Supreme … Read the original article on Gaea Times at : Report: Campaign spending in state judicial elections more than doubles since last decade.

Governor of Maharashtra visits RBI Archives, Pune

His Excellency, Shri K. Sankaranarayanan,  the Governor  of Maharashtra visited the Reserve Bank of India’s Archives Museum, Pune, on August 14, 2010.
Welcoming His Excellency, Shri Deepak Mohanty, Executive Director, Reserve Bank of India said that the archives not only nurtured the sentiments for culture and history of an organisation … Original article on : Governor of Maharashtra visits RBI Archives, Pune.

Money Market Operations as on August 13 , 2010

… Original source on Gaea Times at : Money Market Operations as on August 13 , 2010.

Federal agents investigating fire at Northern Calif. post office

Feds investigating fire at Calif. post office

HEALDSBURG, Calif. – Federal agents are investigating a fire that roared through a post office in Northern California.
Agents from the federal Bureau of Alcohol, Tobacco, Firearms and Explosives were at the downtown Healdsburg post office Sunday, leading the investigation into Saturday evening’s four-alarm fire.
The blaze sent black smoke pouring … Read more >>.

Planned UAW vote on concessions deal canceled at up-for-sale GM stamping plant in Indianapolis

UAW halts vote on giveback deal at Indy GM plant

INDIANAPOLIS – The United Auto Workers union has decided not to go ahead with a vote on a new wage-cutting contract for a General Motors Co. stamping plant in Indianapolis that is facing sale.
UAW Local 23 bargaining chairman Gregory Clark says members won’t vote on the … Read this article on Gaea Times at : Planned UAW vote on concessions deal canceled at up-for-sale GM stamping plant in Indianapolis.

Apple staff faces probe for selling secrets to Asian firms

WASHINGTON – A senior employee of Apple Inc. has been arrested for passing on secret information of the technology firm to its six Asian suppliers and receiving at least $1 million in kickbacks.

Paul Shin Devine, a global supply manager at Apple, was arrested Friday. He has been charged with wire fraud, money laundering and unlawful …. Read the original article  : here.

NY district attorney who prosecuted Long Island Lolita, commuter train gunman dies at age 76

NY DA who prosecuted Long Island Lolita dies at 76

ROCKVILLE CENTRE, N.Y. – The district attorney who prosecuted Long Island Lolita Amy Fisher and the gunman in the 1993 Long Island Rail Road massacre has died.
Former Nassau County District Attorney Denis Dillon was 76. Spokesman Ed Grilli says Dillon died Sunday from lymphoma at his … Read more »».

India has proposed talks with Iran on gas pipeline

NEW DELHI – India has not ruled out participation in the proposed pipeline from Iran’s gas fields through Pakistan and has proposed further talks with Iran on the project, the Rajya Sabha was informed Tuesday.

“As far as IPI (Iran-Pakistan-India) pipeline is concerned, I want to reassure parliament that we are still working towards it. It …. Source article  : India has proposed talks with Iran on gas pipeline.

PotashCorp rejects unsolicited $38.49B bid from BHP Billiton, adopts poison pill defense

PotashCorp rejects BHP Billiton bid as undervalued

NEW YORK – Potash Corp. of Saskatchewan Inc. says its board has received and rejected an unsoliciated takeover bid from BHP Billiton Ltd. worth about $38.49 billion, saying it undervalues the fertilizer producer.
BHP Billiton, an Australian natural resources company, is offering to buy Potash, fertilizer company, for $130 per … Read more : PotashCorp rejects unsolicited $38.49B bid from BHP Billiton, adopts poison pill defense.

Housing starts expected to post small gain in July but remain at depressed levels

Ahead of the Bell: Housing starts
WASHINGTON – Housing construction likely will show a small gain in July following a big decline the previous month.

Economists surveyed by Thomson Reuters expect construction of new homes and apartments to have climbed to a seasonally adjusted annual rate of 560,000 in July. The report will be released by the … Original source on Gaea Times at : Housing starts expected to post small gain in July but remain at depressed levels.

Potash rejects unsolicited $38.49B bid from BHP Billiton, adopts poison pill defense

Potash rejects BHP Billiton bid as undervalued

NEW YORK – Potash Corp. of Saskatchewan Inc. said Tuesday its board has received and rejected an unsolicited takeover bid from BHP Billiton Ltd. worth about $38.49 billion, saying it undervalues the fertilizer producer.
BHP Billiton, an Australian natural resources company, is offering to buy Potash for $130 per share, …. Read the original article  : Potash rejects unsolicited $38.49B bid from BHP Billiton, adopts poison pill defense.

Issue of Rs.10/- denomination banknotes with inset letter ‘S’ in both numbering panels in Mahatma Gandhi Series with additional/new security features bearing the signature of Dr. D. Subbarao, Governor

The Reserve Bank of India will shortly issue Rs.10/- denomination banknotes with inset letter ‘S’ in both numbering panels in Mahatma Gandhi Series with new/improved security features bearing the signature of Dr. D. Subbarao, Governor.  Except for the change in the inset letter, the design of these notes to … Original article on : Issue of Rs.10/- denomination banknotes with inset letter ‘S’ in both numbering panels in Mahatma Gandhi Series with additional/new security features bearing the signature of Dr. D. Subbarao, Governor.

Sensex closes flat in choppy trade

NEW DELHI – A benchmark index for Indian equities closed on a lacklustre note in largely volatile trade Tuesday.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,049.19 points, closed at 18,061.8 points (provisional), 11.02 points or 0.06 percent up from its previous close at 18,050.78 points.
At the …. Read the original article  : Sensex closes flat in choppy trade.

Home Depot net income rises in 2nd quarter; company trims revenue view

Home Depot 2Q profit rises; cuts review outlook

ATLANTA – Modest sales increases helped boost Home Depot’s second-quarter net income 7 percent.
The No. 1 home-improvement retailer trimmed its revenue forecast but raised its earnings forecast to account for share repurchases.
Rival Lowe’s Cos. cut revenue guidance a day earlier as shoppers remain cautious in the uncertain economy.
Home … Read more >>.

Mercedes launches new E-class car Cabriolet

NEW DELHI – Mercedes-Benz Tuesday launched Cabriolet, another version of its E-class sedan, priced Rs.65 lakh (ex-showroom Delhi) and said it would launch more models this year to reinforce its leadership in the Indian luxury car market.

The Cabriolet comes with a new technological innovation called AIRCAP which provides the four seater convertible the option to …. Read the original article  : Mercedes launches new E-class car Cabriolet.

AP Enterprise: Coal industry in midst of expansion, despite push for clean technologies

AP Enterprise: Old-style coal plants expanding

WYODAK, Wyo. – Utilities across the country are building dozens of old-style coal plants that will cement the industry’s standing as the largest industrial source of climate-changing gases for years to come.
An Associated Press examination of U.S. Department of Energy records and information from utilities shows more than 30 traditional … Read : AP Enterprise: Coal industry in midst of expansion, despite push for clean technologies.

Tripura asks Centre to bear special police officers’ pay

AGARTALA – The Tripura government has asked the central government to reimburse the entire salaries and allowances of the state’s 4,011 special police officers (SPOs), an official said here Tuesday.

The SPOs, recruited from among the local youth, are mostly tribals and they have been assisting the Central Para-Military Forces (CPMF) and state forces to combat … Read : Tripura asks Centre to bear special police officers’ pay.

British consumer price inflation in July falls to 3.1 percent; still above target

UK consumer price inflation falls to 3.1 percent

LONDON – Inflation eased in Britain last month but remained well above the government’s 2 percent target – forcing the Bank of England to publish its third open letter this year to explain the extended blowout in prices.
The Office for National Statistics reported on Tuesday that the headline … Read this article on Gaea Times at : British consumer price inflation in July falls to 3.1 percent; still above target.

World shares post modest gains amid drumbeat of bad news about global economic recovery

World markets rise modestly amid growth worries

BANGKOK – World markets mostly posted modest gains Tuesday as a steady drumbeat of bad news about the global economic recovery kept new bets on stocks in check.
After Japan on Monday became the latest major economy to report slower growth in the second quarter, a regional manufacturing report in … Original article on : World shares post modest gains amid drumbeat of bad news about global economic recovery.

Carlsberg says Q2 profit rises 36 pct, upgrades full-year expectations on strong ruble

Carlsberg Q2 profit rises 36 pct, upgrades outlook

COPENHAGEN – Danish brewer Carlsberg A/S on Tuesday said its net profit rose by 36 percent in the second quarter largely on the back of efficiency savings and favorable exchange rate movements.
The company said net profit for the period totaled 2.63 billion kroner ($452 million), up from 1.9 …. Original source  : Carlsberg says Q2 profit rises 36 pct, upgrades full-year expectations on strong ruble.

Scholars say China unlikely to ever satisfy US wishes on greater military transparency

China unlikely to satisfy US on military openness

BEIJING – Beijing is unlikely to ever satisfy Washington’s hopes for greater military transparency, and tensions between their armed forces will remain, Chinese scholars said Tuesday.
They spoke following an annual Pentagon report published this week that said China’s drive to major military power status is being pursued in … Read : Scholars say China unlikely to ever satisfy US wishes on greater military transparency.

Dutch insurer Aegon reaches deal with European Union on repaying ???2 billion in state aid

Insurer Aegon strikes deal to repay state aid

AMSTERDAM – Insurer Aegon NV said Tuesday it has reached a deal with European Union regulators on repaying euro2 billion ($2.56 billion) in support it received from the Dutch government at the height of the 2008 financial crisis.
Aegon said it will repay the money – “market conditions permitting” … Read : Dutch insurer Aegon reaches deal with European Union on repaying ???2 billion in state aid.

Coming to America: Poll finds Hispanic immigrants harbor higher hopes than Latinos born in US

Hispanic immigrants pin high hopes on life in US

WASHINGTON – Daily life for Marlen Lopez sounds anything but easy: The undocumented worker cleans offices to pay her bills and hasn’t seen her 8-year-old son since she left El Salvador three years ago. Yet Lopez is happy with her job, hopeful about the future and confident …. Original article  : Coming to America: Poll finds Hispanic immigrants harbor higher hopes than Latinos born in US.

Ministers to suggest changes in land policy

NEW DELHI – The government Tuesday said a ministerial panel will come up soon to suggest changes in the land acquisition policy so that farmers’ interests “are not jeopardised”.

Finance Minister Pranab Mukherjee told the Lok Sabha that the proposed group of ministers to be headed by Agriculture Minister Sharad Pawar would also suggest amendments to …. Source article  : Ministers to suggest changes in land policy.

Delhi, Mumbai, Kolkata lag behind in global cities’ list

WASHINGTON – New Delhi, Mumbai and Kolkata barely make the grade of global cities as the culture and market influence moves from nations to cities and from the West to the East, according to a new report.

“The 21st century will not be dominated by America or China, Brazil or India but by the city,” said … Read more »».

Texas lawmaker who admits taking taxpayer money for campaign-funded travel vows to fix errors

Texas lawmaker vows to correct billing mistakes

AUSTIN, Texas – An anti-tax Texas lawmaker says he never should have pocketed thousands of dollars in taxpayer money for travel expenses that his campaign had already funded.
State House member Joe Driver made his comments after an Associated Press investigation.
He acknowledged in an interview that for years he has … Original source on Gaea Times at : Texas lawmaker who admits taking taxpayer money for campaign-funded travel vows to fix errors.

Infrastructure Financing: Global Pattern and the Indian Experience: RBI Staff Study

It is well recognised in the literature that the economic advancement of a country critically depends upon adequate availability of physical infrastructure. In this backdrop the present study (www.rbi.org.in/scripts/PublicationReportDetails.aspx?UrlPage=&ID=593) acknowledges that the phenomenal transformation of some of the South-East Asian nations was preceded by and later reinforced by … Read : Infrastructure Financing: Global Pattern and the Indian Experience: RBI Staff Study.

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.

China begins yuan trade against Malaysian ringgit in local market, widening scope for currency

China begins yuan trade against Malaysian ringgit

SHANGHAI – China began allowing the Malaysian ringgit to trade against its currency in its domestic foreign exchange market on Thursday – another step toward raising the yuan’s scope in international trading.
As of Thursday morning, the central bank began setting a “central parity rate” for the yuan and ringgit, … Original source on Gaea Times at : China begins yuan trade against Malaysian ringgit in local market, widening scope for currency.

China to expand movie domestic industry, aims to build more theaters and make more films

China plans to make more films, build theaters

BEIJING – China said it will expand its movie industry by making more films and building more theaters to meet growing demand.
“So far this year, we have already matched the number of total theaters built last year, but we still have yet to meet the increasing demand,” Zhao …. Source article  : China to expand movie domestic industry, aims to build more theaters and make more films.

World Bank approves $430 mn loan for Mumbai rail project

NEW DELHI – The World Bank has approved a $430 million loan to Indian Railways for part funding of its Mumbai Urban Transport Project II (MUTP II), aimed at improving transport in and around the metropolis, the Lok Sabha was told Thursday.

In response to a question, Minister of State for Railways K.H. Muniyappa also said …. Source article  : World Bank approves $430 mn loan for Mumbai rail project.

First set of 2,000 rural youth placed under special skills project

NEW DELHI – NIS Sparta, an educational training institution and part of the Reliance Anil Dhirubhai Ambani Group (R-ADAG), Thursday announced the placement of 2,000 underprivileged youth from rural areas under a special, government-led project.

“The special project for the unemployed rural youth from below-the-poverty-line families aimed to equip them with employable skill-set to help them …. Source  : Gaea News Network.

German minister considering income tax changes to iron out inequalities for gay couples

Germany considering income tax equality for gays

BERLIN – Germany’s justice minister says she is considering changes to income tax laws to iron out disadvantages for gay couples.
Sabine Leutheusser-Schnarrenberger told Thursday’s edition of the Muenchner Merkur newspaper she thinks homosexual legal partners should be granted income tax breaks similar to those enjoyed by heterosexual married couples.
Germany’s …. Source  : German minister considering income tax changes to iron out inequalities for gay couples.

Russia marks 50th anniversary of 1st flight of space dogs Belka and Strelka

Russia marks 50th anniversary of space dogs flight

MOSCOW – Russia is marking the 50th anniversary of the space flight of two mongrel dogs – Belka and Strelka – who became the first living creatures to circle the Earth and come back alive.
The August 1960 mission helped test the equipment which was used to carry the …. Source article on Gaea Times at  : Russia marks 50th anniversary of 1st flight of space dogs Belka and Strelka.

Canon India announces strategic e-governance initiative for Rajasthan

New Delhi, Aug.19 (ANI-Business Wire India): Canon India Private Limited, India’s No 1. Complete Digital Imaging Company today announces strategic initiatives in the field of education.

Canon India along with its channel partner M/s NETSPIDER INDIA (NIIL), will be working in partnership with the Government of Rajasthan, Education council to roll out the “Sarva Shiksha … Read more »».

ICSS, Israel college sign first Indo-Israeli security training pact

New Delhi, Aug. 19 (ANI-Business Wire India): In a landmark development to enable the youth of India gain leadership positions in the fast growing private security industry and to bring best practices of security intelligence and management to the industry and the nation, the International College for Security Studies (ICSS) and Israeli College for Security …. Source  : Gaea News Network.

Euro lower against dollar as markets remain wary of risk, buys $1.2813

Euro lower against dollar at $1.2813
BERLIN – The euro is a little lower against the dollar as the market mood remained relatively risk averse amid ongoing uncertainty over the global economic outlook.

The 16-nation currency bought $1.2813 Thursday morning in European trading, down from $1.2865 in New York late Wednesday.
Mixed signs about the outlook for major … Original article on : Euro lower against dollar as markets remain wary of risk, buys $1.2813.

Report: Video shows bustling North Korean market filled with Chinese products

Report: Video shows bustling market in NKorea

SEOUL, South Korea – Video taken at a bustling North Korean market in a border town showed an array of Chinese-made products for sale, a peek at how the country is recovering from drastic economic measures taken late last year, a report said Thursday.
Footage showed tables piled with goods, …. Original article on Gaea Times at  : Report: Video shows bustling North Korean market filled with Chinese products.

Pay cut for going to toilet upsets staff

LONDON – Employees at a factory in Britain may decide to take legal action after their wages were cut every time they went to the toilet.

Staff at the meat processing plant Dunbia, in Sawley, were told to clock off each time they went to the toilet. Money was deducted from their pay packets.
Unite, a … Read more >>.

Food inflation eases a tad to 10.35 percent

NEW DELHI – India’s food inflation eased to 10.35 percent for the week ended Aug 7 from 11.4 percent a week earlier, official data released Thursday showed.

The easing in prices of some pulses, and a sharp drop in prices of vegetables, potatoes, and onions helped temper the overall food index.
The fuel prices index, continued …. Source article  : Food inflation eases a tad to 10.35 percent.

Swiss cement maker Holcim reports 12 percent drop in second-quarter net profit to $383 million

Cement maker Holcim sees Q2 profit drop 12 percent

GENEVA – Cement maker Holcim is blaming a slow construction recovery in Europe for a 12 percent drop in second-quarter net profit to 399 million Swiss francs ($383 million).
Last year, the Jona, Switzerland-based company made a profit attributable to shareholders of 453 million francs.
Holcim says it has … Read more >>.

Railways want security before reconstruction work in Kashmir

JAMMU – The railways has apologised to the Jammu and Kashmir government for the delay in reconstructing stations and tracks damaged during the trouble in the Valley, an official said, adding that the “sense of security” needed for its staff and property was missing.

The railways wants an irrevocable guarantee of security and safety from …. Original source  : Railways want security before reconstruction work in Kashmir.

Sensex moves up further in noon trade, Asian markets firm

MUMBAI – A benchmark index for Indian equities Thursday moved up further from its opening highs with FMCG, consumer durables and banking scrips leading the gainers pack. The index was up 183 points around noon joining the rally at other major Asian markets.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), … Read the original article on Gaea Times at : Sensex moves up further in noon trade, Asian markets firm.

Russia continues to dominate Indian military aviation

NEW DELHI – Russia is set to win another Indian order for 59 multi-role helicopters in addition to the 80 ordered earlier, retaining Moscow’s traditionally dominant lead in selling military aircraft to India.

The Indian Air Force (IAF) chief, Air Chief Marshal P.V. Naik, told India Strategic defence magazine (www.indiastrategic.in) in an interview that the …. Original source  : Russia continues to dominate Indian military aviation.

Business booms for labour laws outsourcing units

CHENNAI – The pan-India expansion of telecom, insurance, banking and financial services companies and the near extinction of the tribe of personnel managers have resulted in booming business for labour laws compliance outsourcing units.

“It is an opportunity that has arisen out of an Indian tragedy – the tragedy of having to deal with multitude of … Read more >>>.

Egypt voted best destination by travel writers

GURGAON – Egypt has been voted the “perfect holiday destination” by the Pacific Area Travel Writer’s Association (PATWA) and tourism publication Safari India at a tourism conclave here.

Director of Egyptian Tourism Office in India, Adel El Masary, was Wednesday evening honoured with a prize for the best tourism director from overseas while Egypt was described … Read the original article on Gaea Times at : Egypt voted best destination by travel writers.

Australian prime minister rules out deals with opposition lawmakers to pass mining tax law

Australian PM rules out deals on mining tax law

CANBERRA, Australia – Prime Minister Julia Gillard on Thursday ruled out compromising her mining tax plans in deals with opposition lawmakers if she wins Australia’s election, which she described as “a cliffhanger.”
A re-elected Labor Party government would likely need the votes of opposition senators to pass legislation … Read more »».

Most Asian shares rise; BHP Billiton’s hostile takeover bid weighs on Australian index

Asian shares advance after slim Wall Street gains

SHANGHAI – Asian shares posted moderate gains Thursday after a lackluster day on Wall Street, as an industry report showing rising demand for chips buoyed technology companies.
Uncertainty over prospects for economic growth in coming months kept benchmarks within a narrow range. But upbeat earnings results from U.S. retailers …. Source article  : Most Asian shares rise; BHP Billiton’s hostile takeover bid weighs on Australian index.

Investigators seek caller whose hijack threat left American Airlines flight grounded for hours

Caller sought whose hijack threat grounded flight

SAN FRANCISCO – Investigators are seeking the identity of a caller whose hijacking threat left a jetliner grounded and passengers wondering why two of their own were escorted off the aircraft by authorities.
Police said that a clerk at a business in Alameda, a city across San Francisco Bay from … Read the original article on Gaea Times at : Investigators seek caller whose hijack threat left American Airlines flight grounded for hours.

World stock markets slide as dour US economy news renews concerns about slowdown

World stocks slide after dour US economy news

BANGKOK – World markets dropped Friday as more dour reports on the U.S. economy renewed concerns about a slowing recovery and sent stock investors packing.
Wall Street set the stage for Asia and Europe’s losses after figures showed an unexpected rise in first-time claims for U.S. unemployment benefits and … Original article on : World stock markets slide as dour US economy news renews concerns about slowdown.

Armenia agrees to host Russian base through 2044

Russian base in Armenia to stay through 2044

YEREVAN, Armenia – Armenia has agreed to host a Russian military base through 2044 in exchange for additional security guarantees.
Armenian President Serge Sarkisian said after talks Friday with visiting Russian President Dmitry Medvedev that Moscow has pledged to protect Armenia’s security and provide modern weapons for its military …. Original article on Gaea Times at  : Armenia agrees to host Russian base through 2044.

Over a crore boxes of apples transported out of Himachal

SHIMLA – With apple harvesting in full swing, Himachal Pradesh has transported over one crore boxes of its delicious fruit to different places in the country, a minister said here Friday.

A box contains 20 kg of apples.
“Till date 1.2 crore boxes have been sent to various markets in the country,” Horticulture Minister Narender Bragta … Read more >>>.

Government clears four loaning of Ranchi-Jamshedpur highway

NEW DELHI – The government Friday approved four laning of a section of the national highway connecting Ranchi and Jamshedpur in Jharkhand at an estimated cost of Rs.1,479 crore.

This will help reduce the time and cost of travel between the state capital and the industrial town.
“The Cabinet Committee on Infrastructure approved the implementation …. Read the original article  : here.

Part “club,” part bourse, the Iraq Stock Exchange lumbers on past the country’s hurdles

In Iraq’s troubles, an exchange eyes growth

BAGHDAD – It’s not exactly Wall Street.
In rows of black chairs, elderly men sit chatting, casting the occasional glance at projection screens displaying the latest market movements on the Iraq Stock Exchange. Occasionally, one gets up and wanders to the back of the darkened room, by the glass divider …. Read the original article  : here.

Democrats say they’re optimistic money, manpower will help stem losses this fall

Dems hope money, manpower stem losses
ST. LOUIS – Under no illusions about their challenges this fall, Democrats are expressing optimism that the party’s financial might and voter turnout operations will help stem widespread losses. The GOP’s governing track record may help, too, they say.
“There’s a lot of doom and gloom about … Read : Democrats say they’re optimistic money, manpower will help stem losses this fall.

Growers say USDA must act soon after judge’s ruling raises questions about US sugar supply

Growers: Feds must act, prevent sugar supply issue

DES MOINES, Iowa – Some sugar beet growers are uneasy as they wait for federal officials to decide the next step for a crop that provides half the nation’s sugar supply.
A federal judge in California issued a ruling earlier this month that prevents future planting of sugar beets … Read more >>>.

Punjab to revive village ponds in Rs.336 mn project

CHANDIGARH – The Punjab government has approved a pilot project to rejuvenate 512 village ponds in all the 20 districts of the state at a cost of Rs.336.6 million (Rs.33.66 crore), an official said Friday.

A spokesperson for Chief Minister Parkash Singh Badal’s office said the work on 250 village ponds each would be undertaken by …. Source article  : Punjab to revive village ponds in Rs.336 mn project.

Strand, Narayana Hrudalaya to collaborate in translational cancer research

Bangalore, Aug.20 (ANI-Business Wire India): Strand Life Sciences, a technology pioneer in the practice of scientific intelligence in health sciences, today announced that it has signed a Memorandum of Understanding with Mazumdar Shaw Comprehensive Cancer Centre (MSCC) of the Narayana Hrudalaya (NH), for collaboration in translational cancer research.

The partnership is aimed at performing joint … Original article on : Strand, Narayana Hrudalaya to collaborate in translational cancer research.

Sensex in the red, Asian cues weak

MUMBAI – A benchmark index for Indian equities Friday was in the red in afternoon trade. Most other Asian markets too were trading in the negative.

Weighing the indices down were banking, IT and telecom stocks.
Earlier, the index had moved up into the green briefly from it’s opening lows.
The 30-scrip sensitive index (Sensex) …. Original article  : Sensex in the red, Asian cues weak.

Uganda offers farmland for Indian investment

NEW DELHI – As India looks at avenues beyond its shores to deal with food security, Uganda, which has nearly half the arable land in east Africa, has laid the red carpet for inward investment from India Inc. in its farming sector.

“Nobody can beat the opportunities my country has in agriculture,” …. Original article  : Uganda offers farmland for Indian investment.

No more groping: Indonesian train operator designates women-only carriages in the capital

Indonesian train now has women-only carriages

JAKARTA, Indonesia – As the train rattled into Indonesia’s capital, 19-year-old Wiwit Wahyuningsih leaned back in a soft, pink-cushioned seat in a carriage newly designated exclusively for women.
It was a great feeling, the university student said, knowing she didn’t have to worry about being ogled at, pinched or even groped.
“The …. Read the original article  : No more groping: Indonesian train operator designates women-only carriages in the capital.

BlackBerry’s iPad to use US Army’s Crusher-vehicle tech

TORONTO – BlackBerry maker Research In Motion (RIM) will pack its soon-to-be-launched iPad with a unique software technology currently being used in navigating the powerful Crusher combat vehicle by the US Army.

The iPad will likely be called BlackPad as RIM has already registered the domain name of blackpad.com for it.
It is expected to be … Read more >>>.

Asian stock markets slide as dour US economy news renews concerns about slowdown

Asian stocks slide after dour US economy news

BANGKOK – Asian markets slid Friday as more dour reports on the U.S. economy renewed concerns about a slowing recovery and sent stock investors packing.
Wall Street set the stage for Asia’s losses after figures showed an unexpected rise in claims for U.S. unemployment benefits and a drop in …. Source  : Gaea News Network.

Oil wallows below $75 in Asia as economic news renews expectations of weak crude demand

Oil wallows below $75 in Asia on dim economic news

KUALA LUMPUR, Malaysia – Oil prices wallowed below $75 a barrel Friday in Asia as a spate of weak figures on the U.S. economy added to expectations that demand for crude will weaken.
Benchmark crude for October delivery edged up 9 cents to $74.52 a barrel at …. Source article  : Oil wallows below $75 in Asia as economic news renews expectations of weak crude demand.

‘Railways cannot be run on auto pilot’

NEW DELHI – Prolonged absence of Railway Minister Mamata Banerjee from her headquarters continues to draw criticism, particularly after a spate of train accidents in recent months and apparent lack of ability of her deputies to handle the situation.

“The railway ministry is not an aeroplane that you put in an auto pilot mode and go … Read : ‘Railways cannot be run on auto pilot’.

Fidelity: Struggling workers increasingly tapping 401(k) accounts for needed cash

Fidelity: 401(k) hardship withdrawals, loans up

In the wake of news about a spike in new applications for unemployment benefits comes another potentially troubling sign: A record number of workers made hardship withdrawals from their retirement accounts in the second quarter.
What’s more, the number of workers borrowing from their accounts reached a 10-year high, according to …. Original article  : Fidelity: Struggling workers increasingly tapping 401(k) accounts for needed cash.

No interference in resolving Bhopal issue: US

WASHINGTON – A top US official at the centre of a controversy over remarks purportedly linking the Bhopal gas disaster with India-US investment ties has asserted the US does not seek to interfere in resolving the issue.

“Resolving the Bhopal issue is for the Indian people to decide. The US does not seek to interfere …. Source article on Gaea Times at  : No interference in resolving Bhopal issue: US.

A village faces a nine-year-long power failure!

PIPRIA SINGIPUR – Can you imagine a power outage for nine long years? That’s exactly what this village in Pilibhit district has had to endure after its main transformer developed a snag in 2001. Pilibhit is the parliamentary constituency of Bharatiya Janata Party MP Varun Gandhi.

While an engineer in the power corporation says he is [..] Read the original article: here.

Report: North Korean ex-premier returns to power after being demoted to plant manager

Report: NKorean ex-premier returns to power

SEOUL, South Korea – A news report says a former North Korean premier who was apparently sacked for proposing a wage system deemed too similar to U.S.-style capitalism has returned to power after being demoted to being manager of a chemical plant.
Yonhap news agency said Saturday that a North Korean …. Source  : Gaea News Network.

No plan to cap conventional life insurance charges: IRDA

CHENNAI – The Insurance Regulatory and Development Authority (IRDA) has said it has no plans to cap the charges levied by life insurers on traditional savings policies.

The insurance regulator also said it would approve the new Unit Linked Insurance Plan (ULIP) in time for the players to sell from Sep 1 onwards and it is …. Original article on Gaea Times at  : No plan to cap conventional life insurance charges: IRDA.

Morgan Stanley downgrades BlackBerry maker RIM

TORONTO – With its BlackBerry smart phone facing ban in India and other countries for security concerns, its new Torch 9800 device getting lukewarm response and its market share and stock falling, ratings of Research In Motion (RIM) to ’sell’ were lowerded by Morgan Stanley Friday.

From a high of about $150 in June 2008, RIM …. Source  : Gaea News Network.

Shorebank Emerges As Urban Partnership Bank

CHICAGO (GaeaTimes.com)- The failure of Chicago’s Shorebank has created sensation in the market and media. On Friday the banking entity was seized by the Federal regulators. They handed over its remaining good assets to the management team who decided to reopen it as Urban Partnership Bank. The management team that joined the bank not … Original source on Gaea Times at : Shorebank Emerges As Urban Partnership Bank.

After years of delays, Iran begins fueling first nuclear reactor with Russian help

Iran begins fueling first nuclear reactor
BUSHEHR, Iran – Iranian and Russian engineers began loading fuel Saturday into Iran’s first nuclear power plant, which Moscow has promised to safeguard to prevent material at the site from being used in any potential weapons production.

After years of delays, the fueling of the Bushehr plant in southern Iran marks … Read the original article on Gaea Times at : After years of delays, Iran begins fueling first nuclear reactor with Russian help.

Iranian and Russian engineers load fuel into Iran’s first nuclear power plant

Iran loads fuel into its first nuclear power plant

BUSHEHR, Iran – Iranian and Russian engineers have begun loading fuel into Iran’s first nuclear power plant, a major milestone as Tehran forges ahead with an atomic program despite U.N. sanctions.
The weeklong operation to load fuel into the reactor at the Bushehr power plant in southern Iran …. Source  : Iranian and Russian engineers load fuel into Iran’s first nuclear power plant.

ALL BUSINESS: Hedge funds, institutions direct money into bonds, gold and away from stocks

ALL BUSINESS: Big investors go for gold, bonds

NEW YORK – The smart money has moved away from stocks. So is the era of stock investing over?
It’s too early to tell, but one thing is certain: “Money goes where it is treated best, and that hasn’t been in stocks,” says Wade Slome, who advises high net-worth … Read : ALL BUSINESS: Hedge funds, institutions direct money into bonds, gold and away from stocks.

Big Chicago-based community bank, 7 others shut down; 118 total US bank failures in 2010

Regulators shut down big Chicago bank, 7 others

WASHINGTON – Regulators on Friday shut down a big community bank based in Chicago that has been known for its social activism but racked by financial troubles in recent months. A consortium funded by several of the biggest U.S. financial firms is buying its assets and pledging to …. Original source  : Big Chicago-based community bank, 7 others shut down; 118 total US bank failures in 2010.

Regulators shut down 4 California banks, 4 others; makes 118 US failures in 2010

Regulators shut 4 California banks, 4 others

WASHINGTON – Regulators on Friday shut down four California banks, a big community bank based in Chicago, and banks in Florida and Virginia. The closures boosted to 118 the number of U.S. bank failures this year.
The Federal Deposit Insurance Corp. on Friday took over the California banks: Butte Community …. Original article on Gaea Times at  : Regulators shut down 4 California banks, 4 others; makes 118 US failures in 2010.

SpaceX says drop test of capsule parachute system fully successful

SpaceX calls capsule drop test successful
MORRO BAY, Calif. – The California rocketry firm SpaceX says this month’s test of a parachute system to land a cargo or crew capsule safely in an ocean was fully successful.

The Hawthorne-based company said Friday that on Aug. 12 a capsule was lifted by a helicopter to an altitude of … Read the original article on Gaea Times at : SpaceX says drop test of capsule parachute system fully successful.

Regulators shut down big Chicago-based community bank, 3 others; makes 114 US failures in 2010

Regulators shut big Chicago-based bank
WASHINGTON – Regulators on Friday shut down a big community bank based in Chicago that has been known for its social activism but racked by financial troubles in recent months. A consortium funded by several of the biggest U.S. financial firms is buying its assets and pledging to operate the new … Read the original article on Gaea Times at : Regulators shut down big Chicago-based community bank, 3 others; makes 114 US failures in 2010.

Seneca Nation wants federal court to block NY tax on reservation cigarette sales

Senecas want exemption from NY cigarette tax

BUFFALO, N.Y. – The Seneca Indian Nation is seeking a federal order to stop New York state from following through with plans to tax reservation cigarette sales, tribal leaders said Friday.
Lawyers for the western New York tribe filed a request for a temporary restraining order in U.S. District Court …. Read the original article  : here.

ScanSource sales rise nearly 5 pct as company sees ‘resurgence of big deals’

ScanSource shares rally as large deals come back

SAN FRANCISCO – ScanSource Inc. shares jumped nearly 5 percent Friday after the seller of barcode scanners and retail payment terminals posted better-than-expected earnings and said it is seeing a “resurgence of big deals.”
Analysts Anthony Kure and Karl Ackerman with KeyBanc Capital Markets wrote in a note to … Read more >>>.

Cell phone group CTIA spent $2.03 million in second quarter to lobby gov’t on taxes, patents

CTIA spent $2.03M lobbying in second quarter

WASHINGTON – CTIA-The Wireless Association, which represents cell phone companies, spent $2.03 million in the second quarter to lobby the federal government on the taxation of employer-provided phones, among other issues, according to a disclosure report.
That’s in addition to money spent by CTIA’s members. AT&T Inc., for example, spent …. Original source  : Cell phone group CTIA spent $2.03 million in second quarter to lobby gov’t on taxes, patents.

Indiana’s unemployment rate rises to 10.2 percent, continuing slow increase for this year

Indiana jobless rate continues slow rise for 2010

INDIANAPOLIS – Indiana’s unemployment rate continued its slow rise during July, inching up to 10.2 percent even as the state gained about 8,700 jobs mostly in the manufacturing and construction sectors, figures released Friday show.
The 319,000 Indiana residents looking for work in July were about 17,000 more than …. Read the original article  : Indiana’s unemployment rate rises to 10.2 percent, continuing slow increase for this year.

Cal-Maine, nation’s largest egg seller, adds 800,000 dozen eggs to recall

Cal-Maine adds 800,000 dozen eggs to recall

JACKSON, Miss. – Cal-Maine Foods Inc., the nation’s largest egg seller and distributor, said it is recalling about 800,000 dozen eggs related to an expanded recall tied to a salmonella outbreak.
Cal-Maine said it was notified by an Iowa egg producer that between April 9 and Aug. 19, the producer … Read : Cal-Maine, nation’s largest egg seller, adds 800,000 dozen eggs to recall.

Regulators shut down 2 Florida banks, 1 in Virginia; makes 113 US failures this year

Regulators shut 3 banks in Fla, Va
WASHINGTON – Regulators on Friday shut down two Florida banks and one in Virginia, lifting to 113 the number of U.S. bank failures this year.

The Federal Deposit Insurance Corp. took over Community National Bank at Bartow, in Bartow, Fla., with $67.9 million in assets, and Independent National Bank of … Original article on : Regulators shut down 2 Florida banks, 1 in Virginia; makes 113 US failures this year.

Second Iowa firm recalls 170 million eggs due to salmonella poisoning as investigation expands

Recall expands to more than half a billion eggs

WASHINGTON – More than a half-billion eggs have been recalled in the nationwide investigation of a salmonella outbreak that Friday expanded to include a second Iowa farm. The outbreak has already sickened more than 1,000 people and the toll of illnesses is expected to increase.
Iowa’s Hillandale Farms … Read : Second Iowa firm recalls 170 million eggs due to salmonella poisoning as investigation expands.

Photographer and AP agree to drop claims against each other in Obama poster dispute

Photographer and AP drop claims against each other
NEW YORK – A photographer who took a picture that the Barack Obama “HOPE” image was based on has dropped his claim that he owns the copyright to the photograph, instead of The Associated Press. The AP also dropped its claim against him.
The agreement between the …. Source  : Gaea News Network.

USTelecom spent $1.57 million in second quarter to lobby gov’t on taxes, broadband and more

USTelecom spent $1.57M lobbying in second quarter

WASHINGTON – The United States Telecom Association, which represents phone companies, spent $1.57 million in the second quarter to lobby the federal government on phone bill taxes, broadband buildout provisions of the stimulus bill and other issues, according to a disclosure report.
That’s in addition to money spent by USTelecom’s …. Read the original article  : USTelecom spent $1.57 million in second quarter to lobby gov’t on taxes, broadband and more.

Jindal Steel gets 3,000 acres for Bolivian project

NEW DELHI – The Bolivian government has provided 3,000 acres of additional land to Naveen Jindal-led Jindal Steel for its $2.1 billion steel and power plant in the south American country.

“Bolivian government has now provided 3,000 acres for the project in addition to around 1,000 acres provided earlier,” Jindal Steel said in a statement, …. Source  : Gaea News Network.

We want to work with India; Gambian foreign minister

NEW DELHI – India’s experience in development is a crucial learning tool for Africa’s smallest mainland nation, whose president is an admirer of India, to develop its own economy and social sectors like education, Gambian Foreign Minister Mamadou Tangara said here.

Visiting at the invitation of the Indian government, Tangara was here last week sason a …. Source  : Gaea News Network.

Algeria invites India Inc for $10-bn gas pipeline project

NEW DELHI – Oil-rich Algeria, the second largest country in Africa, has invited Indian companies to participate in a $10-billion project to build an ambitious trans-Saharan gas pipeline originating from Nigeria via neigbouring Niger.

“We need more foreign partners outside Europe for this 4,000-km-long project,” Algerian Ambassador to India Echarif Mohammed-Hacene said, referring to the pipeline, …. Source article  : Algeria invites India Inc for $10-bn gas pipeline project.

BlackBerry standoff: Some questions and answers

While India’s 800,000 BlackBerry users struggle to figure out what the government wants and what its Canadian developer Research in Motion (RIM) has featured in these devices, here are some answers:

Q: What are BlackBerry services? Which aren’t?
A: Mobile push-email and messenger. RIM delivers these two services through mobile operators, such as Airtel and Reliance …. Source article  : BlackBerry standoff: Some questions and answers.

Ahmadinejad inaugurates Iran’s first unmanned bomber

Iran inaugurates nation’s first unmanned bomber

TEHRAN, Iran – Iranian President Mahmoud Ahmadinejad has inaugurated the country’s first domstically-built long-range unmanned bomber.
The 4-meter long unmanned plane, dubbed as Karrar or striker, was inaugurated by Ahmadinejad on Sunday, the national day for the country’s defense industry.
The ceremony was aired live on state TV.
Iran has been producing its … Read : Ahmadinejad inaugurates Iran’s first unmanned bomber.

Dodgers broadcaster Vin Scully to announce his future plans in the booth

Dodgers broadcaster Vin Scully to announce future

LOS ANGELES – Vin Scully is expected to announce his future plans in the broadcast booth for the Los Angeles Dodgers.
The team confirmed Saturday night that an announcement would be made before Sunday’s game against the Cincinnati Reds.
The 82-year-old Hall of Fame announcer is nearing the end of his [..] Read the original article: here.

Beijing’s Forbidden City can accomodate more tourists

BEIJING – More tourists will be able to visit China’s Forbidden City after a renovation project to double the size of this heritage complex in the heart of Beijing is completed in 2020.

An annual budget of about 100 million yuan ($14.73 million) has been allocated for renovation since 2002. It will ease congestion and help …. Original article  : Beijing’s Forbidden City can accomodate more tourists.

In Calif., a rural county’s struggle to maintain its hospital leads it to seek a state bailout

Rural California county seeks bailout for hospital
ALTURAS, Calif. – Modoc County is wedged into California’s far northeastern corner, a land apart from much of the rest of the nation’s most populous state.
Little visited, the sparsely populated region of cave-riddled lava beds, sagebrush-covered plains and rolling ranch land has much in common …. Source article  : In Calif., a rural county’s struggle to maintain its hospital leads it to seek a state bailout.

Iran starts first nuclear plant, says its intent peaceful and a triumph over Western pressure

Iran starts nuclear reactor, says intent peaceful

BUSHEHR, Iran – Trucks rumbled into Iran’s first reactor Saturday to begin loading tons of uranium fuel in a long-delayed startup touted by officials as both a symbol of the country’s peaceful intentions to produce nuclear energy as well as a triumph over Western pressure to rein in its … Read more : Iran starts first nuclear plant, says its intent peaceful and a triumph over Western pressure.

Navy to stop escorting ships in Mumbai harbour from Monday

MUMBAI – The Indian Navy will stop providing escort to ships coming in and out of the Mumbai harbour from Monday necessitated in the wake of collision of two foreign cargo ships off the port Aug 7, an official said.

A decision to this effect was taken after a high-level review meeting chaired by Shipping Secretary …. Source article on Gaea Times at  : Navy to stop escorting ships in Mumbai harbour from Monday.

Recession sends pricey US golf clubs into the rough; many close as golfers rethink their costs

US golf clubs in the rough as members drop away

MAMARONECK, N.Y. – A few weeds have popped up on the fairways, and summer’s heat has scorched the grass here and there, but the golf course at the Hampshire Country Club is still tidy and scenic, its little waterfall still burbling through the rocks.
Not that there’s …. Source  : Recession sends pricey US golf clubs into the rough; many close as golfers rethink their costs.

Lok Ayukta lends ear to Congress on Uttar Pradesh mills’ deal

LUCKNOW – Uttar Pradesh Lok Ayukta (ombudsman) Justice N.K. Mehrotra has assured the Congress of looking into its allegations of a scam involving the sale of four state-owned sugar mills at throwaway prices, a party leader said Saturday.

All India Congress Committee (AICC) general secretary Digvijay Singh said here “the Lok Ayukta has assured us that … Read more : Lok Ayukta lends ear to Congress on Uttar Pradesh mills’ deal.

Policy on manufacturing by year-end: Sharma

JAIPUR – Union Commerce and Industry Minister Anand Sharma Saturday said a national manufacturing policy (NMP) is likely to be in place by this year-end.

“The draft of the policy is in the final stage of consultations with all the stake holders,” he told reporters here.
He added that encouraging the manufacturing sector was necessary to …. Read the original article  : Policy on manufacturing by year-end: Sharma.

Chamber of Commerce, mainly helping Republicans, emerges as formidable political force

Chamber emerges as formidable political force
WASHINGTON – At times subtle, at times loud, the U.S. Chamber of Commerce is spending record amounts on lobbying and in election battlegrounds, elbowing into the nation’s politics in unprecedented ways for the business community.
The country’s largest business lobby has pledged to spend $75 million in …. Original article  : Chamber of Commerce, mainly helping Republicans, emerges as formidable political force.

Vedanta commissions power plant in Orissa

BHUBANESWAR – Sterlite Energy Limited, a subsidiary of London-listed Vedanta Resources Plc, Saturday commissioned the first unit of its 2,400 MW independent power plant in Orissa.

Chief Minister Naveen Patnaik inaugurated the unit of 600 MW at Jharsuguda, 374 km from state capital Bhubaneswar, a senior official of the company told IANS.
The Vedanta group has …. Read the original article  : Vedanta commissions power plant in Orissa.

Bihar will make centre pay back dues, says Nitish

NEW DELHI – Bihar Chief Minister Nitish Kumar Saturday said the central government will have to repay Rs.1,000 crore that his government spent to repair and maintain national highways in the state.

“I will see, the people of Bihar will see, how the centre does not pay back the money. We will not let them live … Read : Bihar will make centre pay back dues, says Nitish.

GOP candidate for governor in NY would house welfare recipients in converted prisons

NY candidate: Prison dorms for welfare recipients

NEW YORK – Republican candidate for governor Carl Paladino said he would transform some New York prisons into dormitories for welfare recipients, where they could work in state-sponsored jobs, get employment training and take lessons in “personal hygiene.”
Paladino, a wealthy Buffalo real estate developer popular with many tea party … Read the original article on Gaea Times at : GOP candidate for governor in NY would house welfare recipients in converted prisons.

Japan backs n-pact with India, warns against tests

NEW DELHI – Japanese Foreign Minister Katsuya Okada Saturday made it clear that if India were to conduct a nuclear test, Tokyo will be forced to suspend bilateral nuclear accord and urged New Delhi to ratify the Comprehensive Test Ban Treaty (CTBT).

Calling for a 10-fold increase in bilateral trade which is estimated to be …. Original source  : Japan backs n-pact with India, warns against tests.

Pro tennis stop in New Haven could be the city’s last unless a sponsor steps forward

New Haven, Conn., scrambles to keep tennis stop

NEW HAVEN, Conn. – Some of the top players in tennis are heading to Yale this week for the final tournament before the U.S. Open – along with representatives of about a half-dozen companies being wooed in an effort to keep the event alive.
Pilot Pen is dropping its …. Source  : Gaea News Network.

ONGC project to help end northeast’s power crisis

AGARTALA – The state-owned Oil and Natural Gas Corporation’s (ONGC) 726-MW project coming up in Tripura will help to resolve the power crisis in the electricity-starved northeastern region by 2012, ONGC officials said Saturday.

India’s hydrocarbons exploration major has been setting up the gas-based power project — its biggest so far — in south Tripura’s Palatana, …. Original article  : ONGC project to help end northeast’s power crisis.