Sunday, August 29, 2010

Business News – Newsletter for August 29, 2010

Sunday, August 29, 2010


Glenn Beck’s rally suggests trouble for Dems if activists vote in November elections

Beck rally signals election trouble for Dems

WASHINGTON – If Democrats had doubts about the voter unrest that threatens to rob them of their majority in Congress, they needed only look from the Capitol this weekend to the opposite end of the National Mall.
It’s where Ken Ratliff joined tens of thousands of other anti-government activists at … Read more : Glenn Beck’s rally suggests trouble for Dems if activists vote in November elections.

Toyota’s second production unit in India to be ready by Dec

NEW DELHI – Toyota, the world’s largest car maker, is set to double its production capacity in India as its new plant in Bangalore, with an investment of nearly $680 million, will be operational by the end of this year.

“The new plant will have an annual production capacity of 70,000 units. It will double …. Read the original article  : Toyota’s second production unit in India to be ready by Dec.

Battle ahead for government in allowing foreign retailers

NEW DELHI – Foreign investment in multi-brand retail may snowball into another tussle between the Indian government and the opposition in the next few weeks, leaving for Prime Minister Manmohan Singh a nifty balancing act to reconcile the vast differences between the supporters and opponents of the move.

A perusal of the feedback the department of …. Original article  : Battle ahead for government in allowing foreign retailers.

Former AP reporter Jules Loh, who covered the odd, offbeat and momentous for AP, dies at 79

Former AP reporter, features writer Jules Loh dies

NEW YORK – Jules Edward Loh, an Associated Press reporter who covered the civil rights movement, the space program and other momentous stories before carving out a second career roaming the United States in search of the offbeat and the extraordinary, has died. He was 79.
Loh died early …. Original source  : Former AP reporter Jules Loh, who covered the odd, offbeat and momentous for AP, dies at 79.

China’s Wen says Japanese companies’ wages too low, after Japan calls for better labor laws

China’s Wen says Japanese companies’ wages too low

BEIJING – Premier Wen Jiabao told a visiting Japanese delegation Sunday that Japanese companies operating in China should address workers’ unhappiness over low wages that he says led to labor disputes this year.
Wen’s comment comes after Japanese Foreign Miniter Katsuya Okada called for “transparent policies” governing workers in … Read : China’s Wen says Japanese companies’ wages too low, after Japan calls for better labor laws.

Srinagar airport to shut down for 12 days

SRINAGAR – The Srinagar international airport will remain closed Sep 1-12 due to runway repairs and no airlines would operate their flights to and from the airport during this period, airport sources said.

The repairs to the runway are being carried out by the Indian Air Force.
Jammu and Kashmir Chief Minister Omar Abdullah had told …. Read the original article  : Srinagar airport to shut down for 12 days.

Kerala to have five more TV channels

THIRUVANANTHAPURAM – Five new channels will beam into Kerala homes soon, providing viewers more choices but crowding the television business in the state.

Currently, there are nine TV channels broadcasting in the state. Of these, Asianet, India Vision, People (Kairali) and Malayala Manorama are news channels.
The Indian Union Muslim League, an ally of the Congress- …. Source article  : Kerala to have five more TV channels.

Booming Asia assesses prospects amid abrupt slowdown in global economic recovery

Asia assesses prospects as world recovery stumbles

SEOUL, South Korea – Talk of the global economic recovery fizzling doesn’t faze Cho Byung-cheol, president of a small South Korean technology company that has already set up a branch in China and plans one soon in the United States.
The company, which designs and makes semiconductor-based high-speed data storage … Read this article on Gaea Times at : Booming Asia assesses prospects amid abrupt slowdown in global economic recovery.

Ravens WR Stallworth breaks foot in preseason game, will miss 8 weeks

Ravens WR Stallworth breaks foot, out for 8 weeks

BALTIMORE – Ravens wide receiver Donte’ Stallworth broke his foot in Saturday night’s game against the New York Giants and will probably be sidelined for two months.
It is unclear when the injury occurred, but it likely occurred during one of Stallworth’s three punt returns. He saw limited … Read this article on Gaea Times at : Ravens WR Stallworth breaks foot in preseason game, will miss 8 weeks.

‘Give better wages and social security to contract labour’

NEW DELHI – The Confederation of Indian Industry (CII) has said there is a need to engage multi-stakeholders and to bring in social security and flexibility in the contract labour segment for healthy industrial growth.

Arun Maira, member of the Planning Commission, said at a conference organised by CII on the contract labour issue here Saturday: … Read the original article on Gaea Times at : ‘Give better wages and social security to contract labour’.

Caroline Wozniacki wins in New Haven for 3rd straight year, Stakhovsky takes men’s title

Wozniacki, Stakhovsky win tuneup to US Open

NEW HAVEN, Conn. – U.S. Open top seed Caroline Wozniacki won her third consecutive Pilot Pen tennis title Saturday, beating Russian Nadia Petrova 6-3, 3-6, 6-3.
The victory capped a good week for the 20-year-old Danish star, who won in Montreal on Monday.
In the men’s draw, Ukrainian Sergiy Stakhovsky won … Read more >>>.

Afleet Express holds off Fly Down to win Travers by a nose

Afleet Express wins Travers in photo finish

SARATOGA SPRINGS, N.Y. – Afleet Express was making his bid, coming off the far turn, moving away from the rail and gaining the lead from Miner’s Reserve just past the eighth pole in Saturday’s $1 million Travers Stakes at Saratoga Race Course.
The “Midsummer Derby” was far from over. Fly …. Read the original article  : Afleet Express holds off Fly Down to win Travers by a nose.

President Obama and family wrap up a vacation that _ for once _ was mostly uninterrupted

For Obamas, a (mostly) uninterrupted vacation
EDGARTOWN, Mass. – President Barack Obama wrapped up a 10-day vacation Saturday that was blissfully free of the news emergencies that have interrupted some of his past getaways.
Grim economic reports cast an inescapable shadow over the first family’s stay in Martha’s Vineyard, and tough tasks on … Original article on : President Obama and family wrap up a vacation that _ for once _ was mostly uninterrupted.

Inter-ministerial meeting to discuss cotton exports

CHENNAI – The commerce ministry has called an meeting of officials of the agriculture, commerce and textiles ministries Sep 1 to discuss cotton exports, an official said Saturday.

“The meeting has been called to fix the export quota of cotton after deciding on the domestic demand and the production,” Commerce Secretary Rahul Khullar told reporters …. Original article on Gaea Times at  : Inter-ministerial meeting to discuss cotton exports.

New land bill to prevent forcible acquisition for industries

KOLKATA – Railway Minister and Trinamool Congress chief Mamata Banerjee Saturday said the proposed Land Acquisition Bill will ensure that land is not acquired forcibly for industry.

She also slammed the West Bengal government for its failure to provide 100 days of work for the poor people.
“We have shown the way through Singur and Nandigram …. Original article on Gaea Times at  : New land bill to prevent forcible acquisition for industries.

The people left behind: As American military bases close, Iraqis wonder about jobs

As US military bases close, Iraqis left behind

AL-FARIS, Iraq – Just about every man from the village of al-Faris has worked at the nearby Taji military base. The American money and influence is seen in the new cars, the additions to houses, even the billiards hall with a guitar from an American soldier.
But now, as … Read the original article on Gaea Times at : The people left behind: As American military bases close, Iraqis wonder about jobs.

Younger activists help older generation change tactics to fight new nuclear power push

Older activists, younger crowd team to fight nukes
DES MOINES, Iowa – Anti-nuke protesters of years past are joining forces with a younger generation as the battle over nuclear power appears to be starting again.
President Barack Obama has backed billions in federal loan guarantees to build two nuclear reactors in Georgia. Political support for …. Read the original article  : Younger activists help older generation change tactics to fight new nuclear power push.

Giant jury verdict shakes up nursing home industry, spotlights staffing levels

Huge verdict shakes up nursing home industry

SAN FRANCISCO – During Cindy Cool’s almost daily visits to the nursing home, she would routinely find her Alzheimer’s-suffering father wearing urine-soaked clothes.
The Blue Lake, Calif. resident said it would take upwards of 20 minutes for the apparently short-handed staff of Eureka Healthcare and Rehabilitation to respond and help …. Original source  : Giant jury verdict shakes up nursing home industry, spotlights staffing levels.

3Par calls HP’s $30-per-share bid ’superior’; Dell mulls increased offer

3Par calls HP $30 bid ’superior’; Dell mulls reply

FREMONT, Calif. – Data storage company 3Par Inc. says its board has determined that Hewlett-Packard Co.’s $2 billion, $30-per-share takeover bid is superior to a rival offer from Dell Inc.
The company said late Friday that it told Dell of its intention to terminate its previous deal for … Original source on Gaea Times at : 3Par calls HP’s $30-per-share bid ’superior’; Dell mulls increased offer.

Cash-strapped state parks eye corporate sponsorships; NH hooks up with outdoor apparel company

State parks explore corporate sponsorship
CONCORD, N.H. – New Hampshire’s state park system is among several around the country reaching out to private companies for sponsorships of park facilities, programs or the systems as a whole.

Maine, Virginia and Georgia are among other states that either have or are looking into some kind of sponsorship to support … Read the original article on Gaea Times at : Cash-strapped state parks eye corporate sponsorships; NH hooks up with outdoor apparel company.

Copyright© 2010 Gaea Times