New political party formed after Suu Kyi party disbanded open headquarters in Myanmar

Suu Kyi party renegades open new headquarters

YANGON, Myanmar – A new party formed by renegade members of Aung Sang Suu Kyi’s disbanded Myanmar opposition party opened its headquarters Sunday but says it now faces the hurdle of finding funding to field candidates.
All candidates contesting military-run Myanmar’s first election in two decades must pay the Election [..] Read the original article: here.

Prices of better quality Himachal apples firming up

SHIMLA – Prices of superior grade apples are slowly bouncing back, much to relief to the growers in Himachal Pradesh.

“The market has started looking up with prices of superior grade of apples increased by Rs.200 to Rs.300 a box,” said Gian Singh Chandel, chairman of the apple market committee at Dhalli near here.
“The … Read the original article on Gaea Times at : Prices of better quality Himachal apples firming up.

Bank ATMs too can be hacked

LAS VEGAS – Even bank ATMs are not hack-proof. A security expert in US has demonstrated how a hacker using specific software can make the automated teller machines spew out its cash without knowing the password.

Barnaby Jack, director of security testing at Seattle-based IOActive, hauled two ATMs onto a stage and demonstrated to a rapt … Read more : Bank ATMs too can be hacked.

Sarkozy orders plane to rival Air Force One

LONDON – Nicolas Sarkozy’s dream of having his own presidential aircraft to rival the US’ Air Force One will soon come true as the French president has ordered an “Air Sarko One”, fitted with an air filter system so that he can smoke whenever he wants.

A specially-upholstered 150-million-pound Airbus A330-200 has been selected for the … Read more >>.

Himachal gets 10 percent deficit rainfall

SHIMLA – Himachal Pradesh has received 10 percent less monsoon rains so far this year, the met office said here Sunday.

“The overall monsoon was below average in most districts of the state. Till date the state saw 269.3 mm of rain against the normal average of 298.3 mm, which means the state got 10 percent … Original article on : Himachal gets 10 percent deficit rainfall.

Bihar now building one bridge a day, connecting people

PATNA – Bihar, now ranked among the fastest-growing Indian states with an enviable expansion of 16.59 percent last fiscal, has been building one bridge each working day since November 2005, leaving Chief Minister Nitish Kumar quite busy cutting ribbons.

“We have built 1,671 bridges under the Chief Minister’s Bridge Building Programme and another 450-odd bridges … Read the original article on Gaea Times at : Bihar now building one bridge a day, connecting people.

Emami to launch babycare products, buy Egyptian healthcare unit

KOLKATA – The $675-million diversified Emami Group has decided to acquire a healthcare unit in Egypt to tap the fast-growing African market. It will start growing jatropha there to export to India and launch babycare products in the domestic market in 2011.

“We have almost finalised the deal for a personal healthcare products manufacturing unit in … Read more »»».

Survey: Growth in Chinese manufacturing continues to slow amid drops in production, new orders

Growth in Chinese manufacturing continues to slow

BEIJING – Expansion of Chinese manufacturing activity slowed for the third month in July, as production, new orders and purchasing prices all declined, a survey showed Sunday.
The state-affiliated China Federation of Logistics and Purchasing said its purchasing managers index, or PMI, fell to 51.2 in July from 52.1 in … Original source on Gaea Times at : Survey: Growth in Chinese manufacturing continues to slow amid drops in production, new orders.

Blackhawks G Antti Niemi awarded $2.75 million in arbitration

Blackhawks’ Niemi gets $2.75M in arbitration

CHICAGO – Goalie Antti Niemi has been awarded a $2.75 million salary for next season, an arbitrator’s decision that could force the Stanley Cup champion Blackhawks to make another tough decision about their roster.
Niemi earned $826,875 last season as a rookie. He played all but one period of Chicago’s postseason [..] Read the original article: here.

Spokesman: Doctors to let Zsa Zsa Gabor return home from hospital Friday

Spokesman: Gabor to go home from hospital Friday

LOS ANGELES – Doctors plan to let Zsa Zsa Gabor return home Friday, about three weeks after the 93-year-old actress was hospitalized with a broken hip.
Gabor’s publicist, John Blanchette, said Saturday that she would spend the rest of the week receiving physical therapy.
Gabor’s husband, Prince Frederic von Anhalt, …. Source article  : Spokesman: Doctors to let Zsa Zsa Gabor return home from hospital Friday.

Apple iPhone 4 users can now chat with X-rated stars

LONDON – The porn industry is developing video-sex chat services for Apple iPhone 4 users so they can make live sex chats with X-rated stars.

Using the iPhone 4’s Face Time, firms are developing video-sex chat services and are hiring girls through internet adverts in the US, Daily Mail reported on its website Friday.
Face Time …. Read the original article  : here.

Bartenders, beverage servers at Connecticut casino vote in favor of union representation

Conn. casino bartenders, others vote to unionize

MASHANTUCKET, Conn. – Bartenders, beverage servers, and other workers at the Foxwoods Resort Casino voted Saturday in favor of having union representation.
The National Labor Relations Board, which ordered the election, said the result was 190-145.
Brian Petronella, president of Local 371 of the United Food and Commercial Workers Union called … Read more >>.

Goa to strengthen ties with diaspora

NEW DELHI – Goa is following in the footsteps of Kerala to engage with its non-residents who make up at least one-third of the state’s 1.5 million population and contribute substantially to the Goan economy.

Eduardo Faleiro, Goa commissioner for Non-Resident Indians (NRIs), who is the man behind the efforts, hopes the efforts will best serve … Read more »».

Chelsea Clinton marries longtime boyfriend at exclusive estate in upstate New York village

Chelsea Clinton weds at exclusive New York estate
RHINEBECK, N.Y. – Chelsea Clinton wed her longtime boyfriend under extraordinary security at an elegant Hudson River estate late Saturday.
Bill Clinton and Hillary Rodham Clinton announced in a statement that their daughter wed investment banker Marc Mezvinsky after weeks of secrecy and buildup that had celebrity … Original article on : Chelsea Clinton marries longtime boyfriend at exclusive estate in upstate New York village.

Colombia denies hostile designs toward Venezuela, denies Chavez claim of helicopter incursion

Colombia denies hostile intent toward Venezuela

BOGOTA, Colombia – Colombia’s government says it has never considered attacking Venezuela, saying Venezuelan President Hugo Chavez is deceiving his people by claiming Bogota may have such designs.
A statement Saturday by Colombia also denies an allegation by Chavez that a Colombian military helicopter encroached Venezuelan airspace for five minutes.
Tensions have … Read more : Colombia denies hostile designs toward Venezuela, denies Chavez claim of helicopter incursion.

Columbia River Gorge company lands contact to develop nation’s next spy craft

Boeing subsidiary lands $43.7M military contract

BINGEN, Wash. – Boeing subsidiary Insitu Inc. has won a $43.7 million contract to build the military’s next generation of remote-controlled spy craft.
The company based in the Columbia River Gorge town of Bingen, Wash., beat out several competitors to develop the drone.
Design improvements and testing were expected to take two … Read this article on Gaea Times at : Columbia River Gorge company lands contact to develop nation’s next spy craft.

Spirit Airlines’ controversial carry-on bag fees takes effect Sunday

Spirit Airlines’ carry-on bag fee starts Sunday

Spirit Airlines passengers may want to get to the airport a little earlier than normal Sunday as a new charge for carry-on bags takes effect.
The low-fare airline sparked controversy in April when it announced plans to charge for carry-on items. Passengers who pay in advance, either online or by … Read : Spirit Airlines’ controversial carry-on bag fees takes effect Sunday.

4-vehicle motorcade passes checkpoint near estate where Chelsea Clinton is to wed

Motorcade en route to site of Clinton’s NY wedding
RHINEBECK, N.Y. – A motorcade of three black SUVs and a sedan have sped through a checkpoint on the road leading to the exclusive estate where Chelsea Clinton was poised to marry her longtime boyfriend.
At approximately 5:30 p.m. Saturday, the motorcade made its way to [..] Read the original article: here.

Dozens of guests on way to NY estate where Chelsea Clinton will wed longtime boyfriend

Guests making way to site of Clinton’s NY wedding
RHINEBECK, N.Y. – Guests are gathering and are being transported to the secluded estate in upstate New York where Chelsea Clinton was poised to marry her longtime boyfriend.
Dozens of men in black-tie attire and women in gowns are boarding shuttle buses in the village of …. Original article on Gaea Times at  : Dozens of guests on way to NY estate where Chelsea Clinton will wed longtime boyfriend.

Mass. lawmakers give initial OK to 3 casino, 2 slot parlor bill; Gov. Patrick opposed

Mass. lawmakers give initial OK to casino bill

BOSTON – The Massachusetts Legislature gave initial approval Saturday to a casino bill that would create the most sweeping expansion of gambling in the state in four decades, even as Gov. Deval Patrick opposed the measure.
The bill would authorize three casinos and two slot machine parlors, to be [..] Read the original article: here.

Oil pushes above $79 in Asia as global stock gains fuel trader optimism

Oil pushes above $79 as global stocks gain

SINGAPORE – Oil prices rose above $79 a barrel in Asia on Monday as a global stock market rally gave crude traders optimism.
Benchmark crude for September delivery was up 44 cents to $79.39 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile … Read this article on Gaea Times at : Oil pushes above $79 in Asia as global stock gains fuel trader optimism.

Maruti Suzuki’s July sales up 29.18 percent

NEW DELHI – Car market leader Maruti Suzuki India Monday reported a 29.18 percent increase in sales for July at 1,00,857 vehicles as against 78,074 for the like period of 2009.

“This is the second time in this fiscal that the company’s monthly sales figure has crossed 1 lakh mark. Domestic sales in July 2010 are … Read : Maruti Suzuki’s July sales up 29.18 percent.

182 mining leases in Goa near water bodies: Minister

PANAJI – In what could be a shot in the arm for anti-mining activists, government data tabled during the monsoon session of the Goa assembly reveals that over half of Goa’s 300-odd mining leases in the state are located in close proximity of water bodies.

In a written reply, state Water Resources Minister Filipe Neri … Read more : 182 mining leases in Goa near water bodies: Minister.

Government probing Vedanta, Posco for flouting rules

NEW DELHI – The government Monday said it is investigating violations of the Forest Rights Act and environmental norms by mining company Vedanta Resources and steel-maker Posco in Orissa and would take a decision on the two projects once it gets the report.

“Any violation of the Forest Act will not be spared,” Environment and Forest … Read this article on Gaea Times at : Government probing Vedanta, Posco for flouting rules.

French bank BNP Paribas says net profit soared 31 percent in 2nd quarter on retail bank gains

BNP Paribas net profit soars in 2nd quarter

PARIS – BNP Paribas SA said Monday its net profit soared 31 percent in the second quarter as steep retail banking gains in France and the Benelux region offset declines in its investment banking operations.
The eurozone’s largest banking group by deposits said in a statement its net profit … Original article on : French bank BNP Paribas says net profit soared 31 percent in 2nd quarter on retail bank gains.

Sensex 180 points up, all sectoral indices in the green

MUMBAI – A benchmark index for Indian equities was trading 180 points higher Monday afternoon on the back of strong Asian cues and buying of banking, realty and metal stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,911.31 points, was trading at 18,049.09 points, 180.8 points or 1.01 percent … Read more : Sensex 180 points up, all sectoral indices in the green.

Administration report touts short-run and long-term savings for Medicare under health overhaul

White House report claims $8B in Medicare savings

WASHINGTON – The new health overhaul law will start producing savings for Medicare right away, and over time add 12 years of solvency to the program’s giant trust fund for inpatient care, the Obama administration says in a report to be released Monday.
Medicare will save about $8 billion … Read more >>>.

Power tariff hike is inflationary: Jayalalithaa

CHENNAI – AIADMK chief J. Jayalalithaa Monday condemned the power tariff revision in Tamil Nadu and termed the move inflationary.

The Tamil Nadu Electricity Regulatory Commission (TNERC) Saturday announced a hike in power tariff rates between 30 paise to Rs.1.10 per unit for various categories of consumers after the Tamil Nadu Electricity Board (TNEB) moved an …. Original article on Gaea Times at  : Power tariff hike is inflationary: Jayalalithaa.

Over 60 percent of Bihar reeling under drought

PATNA – With more than 60 percent of Bihar reeling under drought-like conditions and the state recording 20 percent rainfall deficit, the government is set to declare over two dozen districts drought-hit, officials said Monday.

“The state cabinet in its meeting Tuesday will formally declare more than two dozen districts drought hit,” said an official of … Read more >>>.

Lavish pensions for Bell, Calif., officials to be paid by other SoCal cities

Other cities to pay lavish Bell, Calif., pensions

BELL, Calif. – Cities across Southern California will be on the hook for the pensions paid to municipal officials in Bell, where excessive salaries led to a recent purge of city leaders, according to pension experts.
The Los Angeles Times reports that more than half of former city manager … Original source on Gaea Times at : Lavish pensions for Bell, Calif., officials to be paid by other SoCal cities.

Money Market Operations as on July 30, 2010

…. Source article on Gaea Times at  : Money Market Operations as on July 30, 2010.

Asian shares edge higher early, after cautious trade on Wall Street ends strong month

Asian shares edge higher after mixed trade in US

TOKYO – Stocks in Asia nudged higher in early trade Monday, rebounding slightly from a series of losing sessions last week when the murky economic outlook led to sparse, cautious trade in New York.
Japan’s benchmark Nikkei 225 stock average was up 1.39 percent to 9668.93, after ending …. Source article on Gaea Times at  : Asian shares edge higher early, after cautious trade on Wall Street ends strong month.

India’s Adani eyes Australia’s coal reserves

SYDNEY – India’s Adani Group Ltd is set to announce it has bought a coal tenement in Queensland’s Galilee Basis from Australia’s Linc Energy Ltd, news reports said Monday.

The deal could be worth more than 1 billion Australian dollars ($900 million) and be the first time an Indian company has bought a coal seam rather …. Source article on Gaea Times at  : India’s Adani eyes Australia’s coal reserves.

Raul Castro tells Cuba’s parliament that state will reduce its economic role; Fidel a no-show

Raul Castro says state will reduce economic role

HAVANA – Raul Castro said Sunday that his government will scale back controls on small businesses, lay off unnecessary workers and allow more self-employment – significant steps in a country where the state dominates nearly every facet of the economy.
Cuba’s president, however, squashed notions of a sweeping overhaul …. Source article  : Raul Castro tells Cuba’s parliament that state will reduce its economic role; Fidel a no-show.

Spirit Airlines says first day of new carry-on bag fees is going smoothly

Spirit Airlines: no hitch with carry-on fees

NEW YORK – Spirit Airlines’ controversial carry-on fees took effect Sunday, catching some customers unhappily by surprise. But the low-fare carrier contends that the move will cut down on flight delays, potentially allowing Spirit to add new flights.
Spirit spokeswoman Misty Pinson said the new approach already appears to be …. Source article  : Spirit Airlines says first day of new carry-on bag fees is going smoothly.

Person familiar with decision tells AP: Kentucky Speedway to get Sprint Cup date in 2011

AP source: Kentucky Speedway to get Sprint Cup

LOUISVILLE, Ky. – Kentucky Speedway will get a NASCAR Sprint Cup race in 2011, a person familiar with the decision told The Associated Press.
The 1.5-mile tri-oval halfway between Louisville and Cincinnati will host NASCAR’s top series in early July. The person spoke on condition of anonymity because the …. Read the original article  : here.

The 8 percent solution? Investing in junk (bonds) is risky but could pay off in weak market

Junk bonds: Savvy investment or fool’s gold?

CHICAGO – A sideways stock market has investors searching for other places to make a decent return on their money. And junk bonds, for better or worse, are starting to look like gems to many.
The appeal is easy to understand.
Junk bonds, known more politely as high-yield bonds, are bonds …. Original article  : The 8 percent solution? Investing in junk (bonds) is risky but could pay off in weak market.

Fidel Castro’s seat empty at parliament as ex-leader misses another chance to appear with Raul

Fidel Castro absent as Cuban parliament opens

HAVANA – Cuba’s parliament opened one of its twice-annual sessions Sunday without its most famous member – Fidel Castro, who once again missed a chance to share the public stage with his younger brother Raul despite a string of recent appearances.
The 83-year-old Fidel has not been seen publicly with … Read : Fidel Castro’s seat empty at parliament as ex-leader misses another chance to appear with Raul.

Wealthy are watching their spending again, casting a cloud over the nation’s economic recovery

As spending by wealthy weakens, so does economy
WASHINGTON – Wealthy Americans aren’t spending so freely anymore. And the rest of us are feeling the squeeze.
The question is whether the rich will cut back so much as to tip the economy back into recession – or if they will spend at least enough to … Read more : Wealthy are watching their spending again, casting a cloud over the nation’s economic recovery.

Former Federal Reserve chief Alan Greenspan says economic recovery is modest but ‘in a pause’

Greenspan: Modest economic recovery ‘in a pause’

WASHINGTON – Former Federal Reserve Chairman Alan Greenspan says he thinks the economy is having a modest recovery, but right now there’s a “pause” in that recovery, so it feels like a “quasi-recession.”
Greenspan says long-term unemployment is pulling the economy apart even though large banks are doing much better …. Read the original article  : Former Federal Reserve chief Alan Greenspan says economic recovery is modest but ‘in a pause’.

Asian shares rise early following big gains in US on economic news; European markets down

Asia stocks gain on economy news; Europe down

BANGKOK – Asian stock markets mostly climbed Tuesday after Wall Street opened August with a strong rally on positive economic indicators from around the globe. European shares were lower.
Oil prices hovered above $81 a barrel to near a three-month high as improved sentiment in stock markets boosted crude.
As … Read this article on Gaea Times at : Asian shares rise early following big gains in US on economic news; European markets down.

Chinese billionaires own 200 jets

BEIJING – Nearly 200 planes in China are owned by billionaires even though the country’s low-altitude airspace is banned for private flying, a media report said Tuesday.

Low-altitude flying is under strict control of the Civil Aviation Administration and the Air Force, and any operation of such aircraft needs approval from government.
But the complexity of … Read more >>>.

Bangladeshi firm to set up food processing units in India

AGARTALA – PRAN Group, a Bangladeshi food processing and manufacturing firm, will set up agro and food processing plants in Tripura, Orissa and Tamil Nadu, a company official said here Tuesday.

“Setting up of an agro and food processing joint venture plant with Indian entrepreneurs in Agartala is now in an advanced stage,” said Ahsan Khan … Read more >>.

Automaker BMW’s net earnings surge to $1.1 billion in 2nd quarter as sales rise strongly

BMW’s 2nd-quarter earnings up sharply
BERLIN – Second-quarter earnings at luxury car maker BMW AG surged to ???834 million ($1.1 billion) as robust demand in China helped drive a strong increase in revenues, the company said Tuesday.

The company’s April-June profit was up from ???121 million a year earlier, while revenues climbed 18.3 percent to ???15.35 billion …. Source article  : Automaker BMW’s net earnings surge to $1.1 billion in 2nd quarter as sales rise strongly.

Sam Bradford’s deal with Rams highlights inbalance in NFL salaries without rookie cap

Rookie cap could bring balance to NFL salaries

Sam Bradford is coming off of shoulder surgery, and has never taken a snap in the NFL. Yet the No. 1 draft pick managed to get the St. Louis Rams to guarantee him $50 million and a possible $78 million over six years.
Tom Brady hasn’t had as much … Read more >>>.

Medical equipment fair in Chennai starts Aug 6

CHENNAI – About 400 medical equipment manufacturers, including 20 from China, Taiwan, Germany and Britain, are expected to showcase their products at the Medicall expo beginning here Aug 6.

“The focus of the current year’s exhibition is on rehabilitation equipment for differently abled persons. Equipments like power wheel chairs, artificial limbs, electric scooters, patient lifting …. Original article  : Medical equipment fair in Chennai starts Aug 6.

New York mayor names Indian American for pension oversight

WASHINGTON – Concerned over New York’s spiralling pension costs, Mayor Michael Bloomberg has tapped Ranji Nagaswami, an Indian American finance expert, as the city’s first ever chief investment adviser.

Nagaswami will be the “full-time, central advisor to the Mayor’s trustees on the five New York City retirement system boards and the New York City Deferred Compensation …. Source  : Gaea News Network.

Oil hovers above $81 in Asia after stocks, dollar fuel jump to 3-month high

Oil hovers above $81 after surging to 3-month high

SINGAPORE – Oil prices hovered above $81 a barrel Tuesday in Asia after surging stock markets and a weaker dollar helped boost crude to nearly a three-month high.
Benchmark crude for September delivery was up 5 cents to $81.39 a barrel at late afternoon Singapore time in electronic …. Source  : Oil hovers above $81 in Asia after stocks, dollar fuel jump to 3-month high.

Sushma attacks government in Lok Sabha on price rise

NEW DELHI – Bharatiya Janata Party (BJP) MP and Leader of Opposition Sushma Swaraj Tuesday launched a scathing attack on the government on the price rise issue, stating that its policies had hit the people the hardest.

“Everybody in society is lamenting that they are being hit hard by the price rise,” Swaraj said while starting … Read : Sushma attacks government in Lok Sabha on price rise.

State media says China’s military in major air exercises underscoring growing sophistication

China military launches major air exercises

BEIJING – China’s military launched major air defense exercises Tuesday, highlighting rising capabilities that are seen as tipping the balance of power in east Asia.
The drills involve more than 10,000 service members, including those from naval and army aviation units and land-based air defense forces, according to the official China …. Source article  : State media says China’s military in major air exercises underscoring growing sophistication.

Sensex flat, Asian bourses holding up

MUMBAI – A benchmark index for Indian equities Tuesday was ruling on a quiet note, though cues remained firm from most other Asian bourses.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,149.9 points, was trading at 18,114.64 points, 33.43 points or 0.18 percent up from its previous close at …. Source article  : Sensex flat, Asian bourses holding up.

Get your private island for $500,000

SYDNEY – It’s true! Now you can own an island complete with penguins and other sea birds as your neighbours.

The picturesque Picnic Island off the coast of Tasmania, southeastern state of Australia, is on sale and is expected to fetch between $500,000 and $1 million.
Bidding is open through expression of interest sought by …. Original article on Gaea Times at  : Get your private island for $500,000.

We won’t compromise on security, privacy: Blackberry

TORONTO – BlackBerry maker Research in Motion (RIM) said here Monday that it would not compromise on security and privacy of its smart phones while responding to the ban on BlackBerry by the United Arab Emirates and Saudi Arabia.

The Telecommunications Regulatory Authority of the UAE said Sunday that it would ban BlackBerry email, messaging …. Read the original article  : here.

Countrywide Financial agrees to pay $600 million to settle shareholders’ class-action lawsuits

Countrywide agrees to pay $600M to settle lawsuits

LOS ANGELES – Countrywide Financial Corp. agreed to pay $600 million to settle shareholder lawsuits in the largest payout so far from the mortgage meltdown.
U.S. District Judge Mariana Pfaelzer in Los Angeles on Monday gave preliminary approval to the agreement, in which the defendants admitted no wrongdoing.
The settlement … Original article on : Countrywide Financial agrees to pay $600 million to settle shareholders’ class-action lawsuits.

Keeping jobs away from India, China helped US recovery: Obama

WASHINGTON – US President Barack Obama has said America is on the road to recovery thanks to his economic plan that included ensuring new jobs and industries don’t go to China and India.

Blaming opposition Republicans, Obama said he took office in January 2009 “after nearly a decade of economic policies that gave us sluggish growth, …. Source article on Gaea Times at  : Keeping jobs away from India, China helped US recovery: Obama.

Money Market Operations as on August 02, 2010

… Original source on Gaea Times at : Money Market Operations as on August 02, 2010.

Asian shares rise early following big gains in US after string of reassuring economic news

Asian markets higher on better economic news

BANGKOK – Asian stocks markets mostly climbed Tuesday after Wall Street opened August with a strong rally on positive economic indicators from around the globe.
Oil prices extended gains above $81 a barrel to near a three-month high as improved sentiment in stock markets boosted crude.
The advance in Asian markets … Original source on Gaea Times at : Asian shares rise early following big gains in US after string of reassuring economic news.

BlackBerry says it won’t compromise on security and priavacy

TORONTO – Responding to the ban on BlackBerry by the United Arab Emirates and Saud Arabia, device maker Research in Motion (RIM) said here Monday that it would not compromise on security and privacy of its smart phones.

The Telecommunications Regulatory Authority of the UAE said Sunday that it would ban BlackBerry e-mail, messaging and Web … Original article on : BlackBerry says it won’t compromise on security and priavacy.

General Cable 2nd-quarter profit falls, misses analyst expectations

General Cable 2Q profit falls
HIGHLAND HEIGHTS, Ky. – General Cable Corp., which provides fiber optic and metal cable products, said Monday that its second-quarter profit sank 24 percent as higher expenses overshadowed a slight increase in revenue.

General Cable shares fell $1.34, or 4.8 percent, to $26.77 in after-hours trading. The stock had risen $1.57, or …. Source article on Gaea Times at  : General Cable 2nd-quarter profit falls, misses analyst expectations.

Geithner pledges quick action on new financial law with goal of simplification for consumers

Geithner pledges quick action on new financial law
NEW YORK – Treasury Secretary Timothy Geithner pledged on Monday to move with speed to implement the biggest overhaul of the financial system since the Great Depression. He said that a top priority will be simplifying the complicated forms that consumers have to fill out … Read the original article on Gaea Times at : Geithner pledges quick action on new financial law with goal of simplification for consumers.

Standard Chartered makes a Whopping Profit of 11%

LONDON (Gaeatimes.com) — A good news for the Standard Chartered comes in light this year. Amidst a recessive and hard fiscal year, SC saw a profit of 11% as compared to the previous year. Meanwhile, U.K. peers Lloyds Banking Group PLC (LYG) and HSBC Holdings PLC (HBC) suffered very bad losses that could be … Original article on : Standard Chartered makes a Whopping Profit of 11%.

Let’s all back uniform goods, service tax regime: Mukherjee

NEW DELHI – Finance Minister Pranab Mukherjee Wednesday made a plea to all political parties to help implement a pan-India goods and services tax from April next year by supporting the relevant bill to amend the constitution, without delay.

“It has to be supported now. It must be introduced in parliament in this session itself. Otherwise … Read more »».

Economic policies affecting credibility of India’s economists: BJP

NEW DELHI – India’s economic policies are impacting the credibility of the economists who run the country, the Bharatiya Janata Party (BJP) contended in the Rajya Sabha Wednesday as the upper house began debating the price rise issue that had stalled parliament last week.

“We want to maintain the credibility of the economists who make the … Read more »».

Bangladesh plans to split communications ministry

DHAKA – Bangladesh plans to set up separate ministries for railways and information and communication technology (ICT), both of which are now under the communications ministry.

Prime Minister Sheikh Hasina had pledged to create “Digital Bangladesh” in her 2008 election campaign to provide more jobs and facilities.
She spoke of creating two full-fledged ministries, now … Original article on : Bangladesh plans to split communications ministry.

Owner Group of Divya Bhaskar Announces the 2nd India Pride Awards

MUMBAI (GaeaTimes.com) — The Bhaskar group is the owner of the famous newspapers like Dainik Bhaskar and Divya Bhaskar. After the first successful edition of India Pride Awards last year, The Bhaskar Group and DNA are ready to organize the second edition of India Pride Awards 2010, which is a tribute to the contributions …. Original article on Gaea Times at  : Owner Group of Divya Bhaskar Announces the 2nd India Pride Awards.

Prices can be tamed but states must cooperate: Mukherjee

NEW DELHI – Every step was and will be taken to tame prices, but the public at large must appreciate that certain factors like supply shortfall and hoarding were beyond the federal government’s control, Finance Minister Pranab Mukherjee said Wednesday.

Replying to a debate on the government’s response to rising prices in the Lok Sabha, which … Original source on Gaea Times at : Prices can be tamed but states must cooperate: Mukherjee.

Lloyds Banking Group H1 net profit down 92 pct but revenues rise, bad loans drop

Lloyds H1 profit down 92 pct but bad loans drop

LONDON – Part-nationalized Lloyds Banking Group PLC reported Wednesday that first-half net profits fell 92 percent from a year ago, when it booked a big one-off gain, but revenue grew and bad loans were almost halved from a year ago.
Lloyds, formed last year when Lloyds TSB … Read this article on Gaea Times at : Lloyds Banking Group H1 net profit down 92 pct but revenues rise, bad loans drop.

Yao Ming, other Chinese celebrities star in ads aimed at promoting country’s image abroad

Celebrities film ads to boost China’s global image

BEIJING – Basketball star Yao Ming, movie director John Woo and piano prodigy Lang Lang are among dozens of celebrities who will appear in television commercials later this year in a bid by China to boost its image abroad.
Experts say Chinese leaders have been unhappy over international coverage … Read more : Yao Ming, other Chinese celebrities star in ads aimed at promoting country’s image abroad.

Tennessee voters to decide GOP nominee in most expensive congressional race in country

Tenn. voters to decide priciest US House primary
DICKSON, Tenn. – The most expensive U.S. House race in the country will be decided Thursday in Tennessee’s primary, where voters pick the nominees for three open congressional seats and governor.
The candidates for the 8th District seat being vacated by Democratic Rep. John Tanner have spent …. Source article  : Tennessee voters to decide GOP nominee in most expensive congressional race in country.

Kilpatrick loses House re-election bid in Michigan as voters knock out sixth incumbent

Another incumbent down as Michigan Rep. loses
WASHINGTON – Incumbents beware. Another lawmaker just bit the dust.
Michigan Rep. Carolyn Cheeks Kilpatrick lost her bid for an eighth term on Tuesday, her son’s legal woes dragging her down in a year when fickle voters seem eager to fire longtime lawmakers.
She’s the sixth – and the …. Source  : Kilpatrick loses House re-election bid in Michigan as voters knock out sixth incumbent.

LIC Housing Finance Seeking Expansion

MUMBAI, INDIA (GaeaTimes.com)- LIC Housing Finance Ltd is all set to enter the rural housing loan market with a range of INR 4 to 5 lakh as it has said in a recent statement. The mortgage lender is likely to launch a distinct subsidiary entity for this purpose. The subsidiary will be unveiled in …. Read the original article  : LIC Housing Finance Seeking Expansion.

Sensex slips from morning highs

MUMBAI – A benchmark index for Indian equities was ruling on a quiet note Wednesday, having slipped from opening highs.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,115.56 points, was at 18,139.04 points, 24.21 points or 0.13 percent up from its previous close at 18,114.83 points. …. Source  : Gaea News Network.

Local fruit, herb farms supply produce for the massage table in latest spa treatment trend

Locally grown fruits latest trend in spa treatment

LOS ANGELES – Visitors have long come to the hilly Southern California hamlet of Ojai to get stuffed with the Pixie tangerines grown as a specialty in the area’s citrus groves.
Now they’re coming to get scrubbed with them too.
The Ojai Valley Inn and other spas across the country … Read the original article on Gaea Times at : Local fruit, herb farms supply produce for the massage table in latest spa treatment trend.

Geithner discusses India-US strategic priorities

WASHINGTON – Economic and other policy priorities between India and the US were discussed by US Treasury Secretary Timothy Geithner with a major Track II group trying for enhancing the strategic relationship between the two countries.

Geithner met the Indian delegation of the US-India Aspen Strategy Group (ASG) here Tuesday and “discussed a broad range … Read this article on Gaea Times at : Geithner discusses India-US strategic priorities.

Bill Lane, ex-Sunset magazine publisher, philanthropist and environmentalist, dead at 90

Ex-Sunset magazine publisher Bill Lane dead at 90

PALO ALTO, Calif. – Former Sunset magazine publisher Bill Lane, who donated millions of dollars to Stanford University and environmental causes, has died. He was 90.
Lane also served as U.S. ambassador to Australia and Nauru. Stanford says he died of respiratory failure Saturday at Stanford Hospital.
Lane was born … Read the original article on Gaea Times at : Bill Lane, ex-Sunset magazine publisher, philanthropist and environmentalist, dead at 90.

Rep. Carolyn Kilpatrick, mother of imprisoned ex-mayor, loses bid for 8th term in Dem. primary

Voters boot ex-Detroit mayor’s mom from Congress
DETROIT – Rep. Carolyn Cheeks Kilpatrick, the mother of the imprisoned ex-mayor of Detroit, lost her bid for an eighth term with a Democratic primary defeat Tuesday.
The 65-year-old Detroit congresswoman conceded the race to State Sen. Hansen Clarke of Detroit, who had 47 percent of the vote …. Original source  : Rep. Carolyn Kilpatrick, mother of imprisoned ex-mayor, loses bid for 8th term in Dem. primary.

BlackBerry stock sinks as new device is no iPhone 4 ‘killer’

TORONTO – Less-than-glowing first reviews of the new BlackBerry Torch 9800 launched Tuesday by Research In Motion Ltd (RIM) to catch up with Apple’s iPhone 4 sank company shares more than four per cent on the Toronto Stock Exchange.

RIM’s troubles over security concerns also deepened Tuesday when Saudi Arabia reportedly banned BlackBerry from this week. … Original source on Gaea Times at : BlackBerry stock sinks as new device is no iPhone 4 ‘killer’.

Oil falls slightly to near $82 in Asia as traders eye US crude supplies, dollar

Oil falls to near $82 on weak US crude demand

SINGAPORE – Oil prices fell from a three-month high above $82 a barrel Wednesday in Asia after a report showed U.S. crude inventories fell less than expected last week, suggesting demand in the U.S. remains sluggish.
Benchmark crude for September delivery was down 46 cents to $82.09 … Original source on Gaea Times at : Oil falls slightly to near $82 in Asia as traders eye US crude supplies, dollar.

Railways suspend operations in Kashmir

JAMMU – The Indian Railways suspended its operations in the Kashmir Valley for an indefinite period after violent mobs burnt railway stations and targeted tracks in some towns, officials said Wednesday.

The decision was taken after mobs burnt stations in Sopore and Budgam, besides harassing non-local employees, an official in the Northern Railways said.
The railways … Read this article on Gaea Times at : Railways suspend operations in Kashmir.

Asian stock markets mostly lower after earnings, data show US economic recovery remains fitful

Asian shares fall on signs of fitful US recovery

BANGKOK – Asian stocks mostly fell Wednesday, led by a 2 percent tumble in Japan, following a slew of economic and earnings reports that provided a reminder the U.S. economic recovery remains fitful.
The stream of bad news from the world’s biggest economy included earnings from Procter & …. Read the original article  : Asian stock markets mostly lower after earnings, data show US economic recovery remains fitful.

World stocks mixed ahead of US jobs figures that will give key reading on economic recovery

World stocks mixed ahead of jobs figures
BANGKOK – World stock markets were mixed Thursday as investors traded with caution ahead of U.S. employment reports that will provide key readings on the health of the world’s biggest economy.

Markets have been volatile the past few weeks as indicators from around the globe give mixed signals about the … Read the original article on Gaea Times at : World stocks mixed ahead of US jobs figures that will give key reading on economic recovery.

EU, IMF, ECB to outline results of fiscal probe of Greece ahead of rescue loan disbursement

EU, IMF, ECB to release Greek debt test results

ATHENS, Greece – The European Commission, International Monetary Fund and European Central Bank will outline the results of an inspection Thursday that will determine whether debt-ridden Greece will receive the second installment of rescue loans to keep it from bankruptcy.
Greece is set to receive euro9 billion ($11.8 …. Read the original article  : here.

Kochhar and Co. partners with Middle East law firms

NEW DELHI – City-based corporate law firm Kochhar and Co. has partnered with law firms of Khalid Alnowaiser in Saudi Arabia and Mohammad Issa Odeh (MIO) in the United Arab Emirates.

“Trade and business between India and the Middle East has grown exponentially and we have witnessed the consummation of enormous business transactions between the …. Source  : Kochhar and Co. partners with Middle East law firms.

Mining giant Rio Tinto’s first-half profit more than triples amid strong demand for iron ore

Rio Tinto’s first-half profit more than triples

SYDNEY – Mining giant Rio Tinto said first-half profit more than tripled amid strong iron ore demand from China and higher commodity prices as the world economy climbed out of recession.
Net profit for the six months through June was $5.85 billion, up from $1.62 billion in the same period … Read more >>.

Oil hovers above $82 a barrel in Asia as rally to three-month high pauses

Oil hovers above $82 in Asia as rally pauses

SINGAPORE – Oil prices hovered above $82 a barrel Thursday in Asia, pausing from a rally that lifted the commodity to a three-month high this week amid positive U.S. corporate earnings and economic figures.
Benchmark crude for September delivery was down 19 cents to $82.28 a barrel at [..] Read the original article: here.

Drought-hit Bihar to seek massive aid

PATNA – Drought-hit Bihar is likely to seek a special financial assistance of Rs.15,000 crore from the central government, an official said Thursday.

The Bihar government Tuesday declared 28 of the state’s 38 districts drought affected due to a 23 percent rainfall deficit.
Chief Minister Nitish Kumar will hand over a memorandum to the central government …. Source  : Gaea News Network.

RIL to buy 60 percent stake in US shale firm for $392 mn

MUMBAI – India’s largest private sector company Reliance Industries (RIL) Thursday said it will invest $392 million to acquire a 60 percent stake in the US-based Pioneer Natural Resources’ shale gas assets in a joint venture with Carrizo Oil and Gas.

Expected to close by mid-September 2010, the deal is RIL’s third shale gas acquisition in … Read this article on Gaea Times at : RIL to buy 60 percent stake in US shale firm for $392 mn.

Food inflation eases further to 9.53 percent

NEW DELHI – India’s annual food inflation came down to 9.53 percent for the second straight week ending July 24 from 9.67 percent a week earlier, official data released Thursday showed.

The fuel prices index also slipped marginally to 14.26 percent compared to 14.29 percent recorded in the previous week.
It was for the first time …. Source  : Gaea News Network.

IRCTC Employees In Worry

NAGPUR, INDIA (GaeaTimes.com)- As the Central Railway is all set to acquire the management of all catering services of Indian railways, the future of more than 36 employees of the Indian Railway Catering and Tourism Corporation’s Nagpur division has become uncertain. The management is likely to take away the charges of the base kitchens …. Source article  : IRCTC Employees In Worry.

Legacy of Detroit’s Kilpatrick family likely ends with congresswoman’s loss in primary

Congresswoman’s loss signals end to family’s reign

DETROIT – They called it “Team Kilpatrick,” a small army of family and friends dedicated to keeping a Detroit congresswoman and her brash, rising star son in office.
As election cycles rolled around, team members donned their trademark green and yellow jackets and poured into Detroit’s neighborhoods to knock on …. Source  : Legacy of Detroit’s Kilpatrick family likely ends with congresswoman’s loss in primary.

Big money to stop teacher layoffs heads toward passage; House being called back from break

Jobs bill to stop teacher layoffs nears approval
WASHINGTON – Legislation to provide billions to save the jobs of teachers and other public workers is on track to pass the Senate, helped along by the votes of a couple of GOP moderates.
Democrats cracked a GOP filibuster on Wednesday, and the …. Original article on Gaea Times at  : Big money to stop teacher layoffs heads toward passage; House being called back from break.

Prognosis guarded ahead of annual financial checkup for Medicare and Social Security

Prognosis guarded for Medicare and Social Security
WASHINGTON – Medicare and Social Security – the foundation of a secure retirement – are facing strains from an aging population and an economy that can’t seem to get out of low gear.
And despite assertions to the contrary by the Obama administration, the new health …. Original source  : Prognosis guarded ahead of annual financial checkup for Medicare and Social Security.

Sensex still in green, Asian markets mixed

MUMBAI – A benchmark index for Indian equities was trading in the positive terrain Thursday after slipping from opening highs.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,234.85 points, was at 18,251.18 points, 33.74 points or 0.19 percent up from its previous close at 18,217.44 points. … Read more »».

Ratan Tata’s Successor Search

NEW DELHI, INDIA (GaeaTimes.com)- The latest buzz in the Indian business circle is the successor search to the chairman of Tata group Ratan Tata. The largest conglomerate of India said that the next chairman will be selected by a panel comprising of 5 members. The group is involved in making a variety of …. Source  : Gaea News Network.

Your mobile phone can also be a credit card

ISTANBUL – Imagine swiping a mobile phone to pay for all the things that you buy! This has just been made possible by latest technology that allows bank information to be stored in your mobile phones’ memory cards.

Global credit card giant Visa has entered a partnership with a Turkish bank to launch this technology, the … Original source on Gaea Times at : Your mobile phone can also be a credit card.

Barclays bank H1 net profit up 29 percent to 2.4 billion pounds ($3.9 billion)

Barclays bank H1 net profit up 29 pct to $3.9B

LONDON – British bank Barclays PLC said Thursday that its net profit rose by 29 percent in the first half to 2.4 billion pounds ($3.9 billion) as investment banking gains tripled and provisions for bad loans fell by a third.
Revenue was up 8 percent to 16.6 … Read the original article on Gaea Times at : Barclays bank H1 net profit up 29 percent to 2.4 billion pounds ($3.9 billion).

Danish drug maker Novo Nordisk Q2 profit rises 19 percent, helped by modern insulin sales

Novo Nordisk Q2 profit rises 19 percent
COPENHAGEN – Danish drug maker Novo Nordisk A/S on Thursday reported a 19 percent increase in net profit for the second quarter and raised its outlook, citing strong sales of its modern insulin products.

The world’s largest producer of diabetes drugs said net profit in the second quarter was 3.5 … Read more »»».

Lowe’s Credit Card Offers Shopping at Low Rates

CANADA (GaeaTimes.com) – Are you in a shopping spree? Then Lowe’s Credit Card is providing you with exclusive offers on credit services.

On single-receipt purchase of $299 or more made on your Lowe’s Consumer Credit Card in-store or online, interest will be charged to your account from the purchase date, if the promotional balance is not …. Original article  : Lowe’s Credit Card Offers Shopping at Low Rates.

Unilever reports 39 percent increase in second quarter net profit

Unilever Q2 profit up 39 percent
PARIS – Unilever NV on Thursday reported a 39 percent rise in second quarter net profit, beating analyst expectations, as the maker of Lipton tea, Dove soap and Ben & Jerry’s ice cream continued its push to increase sales volumes.

The Dutch consumer products maker said that net profit in the …. Original source  : Unilever reports 39 percent increase in second quarter net profit.

Net earnings at Germany’s Deutsche Telekom down to $626 million in 2nd quarter

Deutsche Telekom Q2 earnings slip 9 percent

BERLIN – German telecommunications company Deutsche Telekom AG said Thursday that its second-quarter profit fell 8.8 percent and revenues slipped as the company deconsolidated its British cell phone unit T-Mobile UK.
Deutsche Telekom, based in Bonn, said it had net profit of euro475 million ($626 million) for the April-June period … Original source on Gaea Times at : Net earnings at Germany’s Deutsche Telekom down to $626 million in 2nd quarter.

China urged to amend archaic heat law

BEIJING – Experts have called for an amendment to China’s archaic heat law to protect the rights of workers who toil in high temperatures, a media report said Friday.

The scorching heat has already claimed the lives of over 40 people in the country this year, China Daily reported.
The extreme weather has baked … Read this article on Gaea Times at : China urged to amend archaic heat law.

World stocks mostly higher as investors eye key US employment report

World stocks mostly higher ahead of US jobs report

SINGAPORE – World stock markets were mostly higher Friday as investors looked to monthly employment figures for clues about the strength of the U.S. economic recovery.
In early trading in Europe, Britain’s FTSE 100 rose 0.5 percent, Germany’s DAX index gained 0.5 percent, and France’s CAC-40 advanced 0.5 …. Read the original article  : World stocks mostly higher as investors eye key US employment report.

China tests first homemade amphibious plane

BEIJING – China has started test flights of its first homemade amphibious plane dubbed Seagull 300, a media report said Friday.

The plane is built by the Shijiazhuang Aircraft Industry Co Ltd in China’s northern Hebei province, China Daily reported on its website. It left the assembly line Aug 4.
The aircraft can also take …. Source article on Gaea Times at  : China tests first homemade amphibious plane.

Hyundai to produce more cars for Indian market, cut exports

NEW DELHI – Hyundai Motors India Limited (HMIL) Friday said it will produce 0.7 lakh more cars this year to meet the growing domestic demand.

“We will increase our production capacity by 0.7 lakh units at our factories to meet the rising demand,” said H.W. Park, chief executive, HMIL.
Currently, HMIL produces six lakh units per …. Source  : Hyundai to produce more cars for Indian market, cut exports.

China a promising market for payment through mobile phones

BEIJING – China is one the most attractive markets for payments through mobile phones, a global consulting firm said after studying market conditions in five countries, including India.

The report by Arthur D Little (ADL), a management consulting firm, examined current market conditions for mobile financial services in M-BRIC countries (Mexico, Brazil, Russia, India and China), … Read the original article on Gaea Times at : China a promising market for payment through mobile phones.

Part-nationalized Royal Bank of Scotland reports Q2 profit of 257 mln pounds ($409 mln)

Royal Bank of Scotland makes Q2 profit of $409 mln

LONDON – Part-nationalized Royal Bank of Scotland said Friday it made a profit of 257 million pounds ($409 million) in the second quarter, due to large one-time gains, although losses from bad loans increased.
Results for RBS, a once-swaggering giant which became the biggest British casualty of … Original article on : Part-nationalized Royal Bank of Scotland reports Q2 profit of 257 mln pounds ($409 mln).

Part-nationalized Royal Bank of Scotland reports Q2 profit of $409 million

Royal Bank of Scotland makes Q2 profit of $409M

LONDON – Part-nationalized Royal Bank of Scotland says it made a profit of 257 million pounds ($409 million) in the second quarter of the year although losses from bad loans increased.
The bank’s second-quarter profit more than reversed the first-quarter loss, and it reported a net profit of …. Original source  : Part-nationalized Royal Bank of Scotland reports Q2 profit of $409 million.

Oil rises above $82 ahead of key US July employment report

Oil rises above $82 as traders eye US jobs report

SINGAPORE – Oil prices rose above $82 a barrel Friday in Asia ahead of a key employment report that will help investors gauge the strength of the U.S. economy.
Benchmark crude for September delivery was up 38 cents to $82.39 a barrel at late afternoon Singapore time …. Source  : Gaea News Network.

APNewsBreak: Asian investment group says it won’t enrich Hicks, Gillett in bid for Liverpool

APNewsBreak: Group won’t enrich Hicks, Gillett

NEW YORK – A group of Chinese investors said Friday that any offer it makes to buy Liverpool from Tom Hicks and George Gillett Jr. won’t enrich the embattled American co-owners.
Marc Ganis, whose Chicago-based company Sportscorp Ltd. has helped form the investment group, said it first contacted Liverpool chairman Martin …. Read the original article  : here.

German insurer Allianz’s net profit down 46 percent in 2nd quarter at $1.34 billion

Allianz profit down 46 percent in 2nd quarter

BERLIN – German insurer Allianz SE said Friday that its net profit dropped 46 percent in the second quarter as losses on assets and investments outweighed an improvement in business and revenues.
Allianz, based in Munich, earned ???1.02 billion ($1.34 billion) in the April-June period, down from ???1.87 billion …. Source  : German insurer Allianz’s net profit down 46 percent in 2nd quarter at $1.34 billion.

China looks to US, others for more corn to feed livestock; food prices could rise worldwide

US farmers hope to soon sell more corn to China

DES MOINES, Iowa – Some analysts are predicting a big increase in China’s corn imports, which could mean added income for U.S. farmers.
But it also could mean higher food prices worldwide, particularly for meat as livestock feed prices rise.
U.S. farmers said they’re cautious but hopeful about …. Read the original article  : here.

Sensex choppy, Asian cues mixed

MUMBAI – A benchmark index for Indian equities Friday was choppy in noon trade with other Asian markets trading on mixed cues.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,165.49 points, was at 18,226.52 points, 52.15 points or 0.29 percent up from its previous close at 18,172.83 points. … Original article on : Sensex choppy, Asian cues mixed.

Bharti Walmart planning more wholesale stores, Punjab is focus

JALANDHAR – Bharti Walmart is planning to open 10 to 15 cash-and-carry wholesale stores over the next three years and hoping that the government will open up multi-brand retail to foreign investment.

“We are committed to building a strong and efficient supply chain that would benefit consumers. This process can be strengthened if we are also … Read more »»».

Android set to overtake iPhone

SAN FRANCISCO – Phones running Google’s Android operating system are selling at the rate of 200,000 a day, according to Google chief executive Eric Schmidt.

Schmidt made the comments at the Techonomy Conference Thursday, in a video of his talk posted on YouTube.
Schmidt said that the success of Android has more than made up for …. Source  : Android set to overtake iPhone.

RIM talks tough as Canadian government, media back BlackBerry

TORONTO – The Canadian government and media have fully backed the security features of BlackBerry that have concerned countries like India, UAE and Saudi Arabia, even as the chief of its developer-company stood firm on his stand and said the device was being unfairly targeted.

“Our government will be standing up for Research in Motion (RIM) …. Original article  : RIM talks tough as Canadian government, media back BlackBerry.

German insurer Allianz’s net earnings down 46 percent in 2nd quarter

Allianz’s earnings down 46 percent in 2nd quarter

BERLIN – German insurer Allianz SE says its net earnings dropped 46 percent in the second quarter as lower realized gains outweighed higher revenues and operating profit.
Allianz said Friday that it earned euro1.02 billion ($1.34 billion) in the April-June period, down from euro1.87 billion a year earlier.
Revenues rose … Read more >>.

Social networking costs Britain 14 bn pounds in lost work time

LONDON – Social networking websites like Facebook and Twitter have cost the British economy a whopping 14 billion pounds a year in lost work time, a study said.

The study pointed out that two million employees spend an hour a day on social networking sites and over half the workforce make use of Facebook, Twitter, MySpace … Original source on Gaea Times at : Social networking costs Britain 14 bn pounds in lost work time.

Asian stocks mixed as investors eye key US employment report

Asian stocks mixed ahead of key US jobs report

SINGAPORE – Asian stock markets were mixed Friday as investors looked to monthly employment figures for clues about the strength of the U.S. economic recovery.
The mood in the region was cautious after new unemployment benefit claims in the U.S. rose to their highest level in four months. … Original source on Gaea Times at : Asian stocks mixed as investors eye key US employment report.

China tries to reassure markets after bank stress tests, says no indication of policy change

China tries to reassure markets about stress tests

BEIJING – Regulators tried to reassure financial markets about “stress tests” ordered on Chinese banks’ real estate lending, saying Friday they do not represent official views of where the market is headed or any impending policy change.
Stock prices of Chinese banks and real estate companies fell this week …. Source  : Gaea News Network.

Oil hovers near $82 ahead of key US July employment report

Oil hovers near $82 ahead of key US jobs report

SINGAPORE – Oil prices hovered near $82 a barrel Friday in Asia ahead of a key U.S. employment report.
Benchmark crude for September delivery was up 8 cents to $82.09 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract …. Original source  : Oil hovers near $82 ahead of key US July employment report.

Promising Iowa running back Jewel Hampton seeks starting job after lost 2009 season

Iowa RB Jewel Hampton seeks starting job
IOWA CITY, Iowa – Iowa running back Jewel Hampton entered his sophomore year with the starting job all but locked up.

It’s a plum gig in an offense that prominently features the lead back, and it might still be out there for Hampton. But season-ending knee surgery, the emergence of …. Original article on Gaea Times at  : Promising Iowa running back Jewel Hampton seeks starting job after lost 2009 season.

Mark Hurd Resigns From Hewlett-Packard

SAN FRANCISCO (GaeaTimes.com)- On Friday, one of the most well known chief executives in the business world, Mark Hurd, the CEO of Hewlett-Packard Co, was unexpectedly forced to resign from his position after an investigation into a claim of sexual harassment revealed other misconducts of the now former CEO of HP. The resignation of Mark … Original article on : Mark Hurd Resigns From Hewlett-Packard.

Italian mattress maker defends use of Bellagio name for product in name suit with Vegas hotel

Company defends Bellagio mattress in name suit

LAS VEGAS – An Italian mattress maker says its “Bellagio Lavender” mattresses are named to pay homage to its home country, not to infringe on the MGM Resorts International casino-hotel on the Las Vegas Strip.
Magniflex USA President Marco Magni says his company is reviewing a lawsuit filed Wednesday by … Read more >>>.

Biographical information on HP’s former CEO, Mark Hurd

Biographical data on Mark Hurd
NAME: Mark Hurd

AGE: 53
EDUCATION: Bachelor’s degree from Baylor University.
PERSONAL: Married, two children.
PROFESSIONAL EXPERIENCE: Hurd came to HP in 2005 as CEO and president; he became its board chair in 2006. Before HP, Hurd worked at business technology company NCR Corp. for 25 years and was that company’s CEO from 2003 to …. Original article  : Biographical information on HP’s former CEO, Mark Hurd.

Bell, Calif., official says 7 other managers got high salaries, in addition to 3 who resigned

Bell, Calif. official: 7 more managers highly paid

BELL, Calif. – The California city of Bell says seven more city workers received high salaries, with two making more than $400,000 per year and three making more than $200,000.
Interim City Manager Pedro Carrillo announced the salaries at a news conference Friday and vowed reforms for the blue-collar …. Source article  : Bell, Calif., official says 7 other managers got high salaries, in addition to 3 who resigned.

Trek, Nike say they’re cooperating in federal probe of cycling, including Lance Armstrong

Trek, Nike cooperating in cycling investigation

MILWAUKEE – Athletic gear maker Nike and the bicycle maker that sponsors Lance Armstrong’s racing team are cooperating with federal authorities investigating the seven-time Tour de France champion and others in cycling, spokesmen for both companies said Friday.
Investigators requested documents from Trek Bicycle Corp. early in July and company officials … Read this article on Gaea Times at : Trek, Nike say they’re cooperating in federal probe of cycling, including Lance Armstrong.

Denting the nation’s 9.5 pct. unemployment rate requires more jobs than you might expect

71K more jobs not enough to dent unemployment rate

Adding a net 71,000 private-sector jobs a month to the economy might sound like a lot. But that’s a tiny fraction of the number of people unemployed in the U.S. It’s not even enough to keep pace with the nation’s population growth.
Right now, the nation’s labor pool …. Read the original article  : here.

Regulators shut down Ravenswood Bank in Chicago; makes 109 US bank failures this year

Regulators close small Chicago bank
WASHINGTON – Regulators on Friday shut down a small bank in Chicago, lifting to 109 the number of U.S. bank failures this year.

The Federal Deposit Insurance Corp. said it was appointed receiver of Ravenswood Bank, which had roughly $264.6 million in assets and $269.5 million in deposits as of June 30.
The …. Original article  : Regulators shut down Ravenswood Bank in Chicago; makes 109 US bank failures this year.

AP Interview: Vince McMahon says WWE unfairly taking hits from wife’s foes in Conn. campaign

Vince McMahon sick of Sen. campaign WWE smackdowns

STAMFORD, Conn. – Vince McMahon, chairman and CEO of World Wrestling Entertainment, says his wife’s political opponents are taking unfair shots at his company using out-of-context footage – such as old images of a wrestler committing necrophilia or McMahon demanding that a scantily clad female wrestler bark like … Read more : AP Interview: Vince McMahon says WWE unfairly taking hits from wife’s foes in Conn. campaign.

Person familiar with NASCAR schedule tells AP that Kansas Speedway will get 2nd race in 2011

AP source: Kansas to get 2nd NASCAR race
TOPEKA, Kan. – A person familiar with the 2011 NASCAR schedule said Friday that Kansas Speedway will get a second race next year.

The person spoke to The Associated Press on Friday on condition of anonymity because the schedule hasn’t been released. A formal announcement regarding a second Sprint … Read : Person familiar with NASCAR schedule tells AP that Kansas Speedway will get 2nd race in 2011.

Economy 101: Last month’s employment snapshot, by the numbers

Economy 101: July’s job snapshot, by the numbers

WASHINGTON – Businesses hired a few more workers in July, but not nearly enough to bring down the unemployment rate, according to a Labor Department report released Friday.
The report showed that private employers added 71,000 jobs last month, while the jobless rate remained stuck at 9.5 percent.
These and …. Source article  : Economy 101: Last month’s employment snapshot, by the numbers.

Drug developer NuPathe shares dip in market debut after scaled-back IPO raises $50 million

Drug developer NuPathe shares dip in market debut

NEW YORK – Shares of drug developer NuPathe are dipping in their market debut after a scaled-back initial public offering raised $50 million.
NuPathe Inc., based in Conshohocken, Pa., priced 5 million shares for $10 apiece. It downsized its IPO plans Thursday, cutting the expected range for shares from [..] Read the original article: here.

Lawyer to appeals court: Uphold NYC ruling limiting when website can release stock reports

Lawyer: Finance firms’ suit not free-speech attack

NEW YORK – A lawyer for financial companies has told federal appeals judges in New York City that a ruling forcing a website to delay releasing the research findings of financial firms is not an attack on free speech.
Attorney Bruce Rich said in a Manhattan court on Friday that … Read more »»».

Buffett’s Berkshire Hathaway says 2Q profit down 40 percent on unrealized derivative losses

Net income falls 40 percent at Buffett’s company

OMAHA, Neb. – Warren Buffett’s company reported a 40 percent drop in second-quarter profit Friday because the improvement at Berkshire Hathaway Inc.’s operating companies couldn’t overcome $1.4 billion in paper losses on derivative contracts.
Berkshire’s strong performances from its railroad, insurance and manufacturing businesses was overshadowed by the plummeting … Read this article on Gaea Times at : Buffett’s Berkshire Hathaway says 2Q profit down 40 percent on unrealized derivative losses.

Summary Box: Treasury yields sink as jobs report renews concerns about economic growth

Summary Box: Treasury yields sink on jobs report

WEAK HIRING: The Labor Department’s report on employment disappointed investors and confirmed fears that the U.S. economic recovery is weakening.
RECORD LOW: The yield on the two-year Treasury note traded at a record low of 0.50 percent. The yield closed at 0.51 percent, down from 0.54 percent late Thursday, … Read : Summary Box: Treasury yields sink as jobs report renews concerns about economic growth.

Summary Box: Feeble jobs report sends stocks sliding, but a late-day reprieve trims losses

Summary Box: Weak jobs report sends stocks lower

CRUMMY JOBS NUMBER: Stocks were sharply lower for much of the day after the Labor Department reported disappointing job numbers for July. Private employers added only 71,000 jobs, far below the level needed to reduce unemployment.
DOLLAR HIT TOO: The dollar sank against the yen and euro as prospects … Original source on Gaea Times at : Summary Box: Feeble jobs report sends stocks sliding, but a late-day reprieve trims losses.

Boozman calls White House promise to fund Lincoln’s farmer aid plan a bailout for her Ark. bid

Boozman criticizes pledge to fund Lincoln aid plan

LITTLE ROCK, Ark. – Republican Congressman John Boozman on Friday accused the White House of trying to boost Democratic Sen. Blanche Lincoln’s re-election odds with a promise to fund a $1.5 billion disaster aid package for farmers.
Boozman, who is running against Lincoln in November, questioned whether the Obama … Read more >>>.

A 3rd straight month of weak hiring points to weak growth and high unemployment

3rd month of weak hiring signals long slog ahead

WASHINGTON – The nation isn’t creating nearly enough jobs to reduce persistently high unemployment.
For the third straight month, the private sector hired cautiously in July. And those meager gains in the job market were nearly wiped out by tens of thousands of cuts at all levels of … Original source on Gaea Times at : A 3rd straight month of weak hiring points to weak growth and high unemployment.

AIG, Washington Post, Crocs, American Public Education among big market movers Friday

AIG, Washington Post, Crocs among big movers

NEW YORK – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Assured Guaranty Ltd., up $2.34 at $18.44
The bond insurer posted a profit in the second quarter thanks to investment gains and an acquisition.
PerkinElmer Inc., up $2.24 at $22.29
The medical … Original article on : AIG, Washington Post, Crocs, American Public Education among big market movers Friday.

HP CEO Mark Hurd steps down in wake of sexual-harassment claim, CFO named interim CEO

HP CEO Hurd resigns after sexual-harassment probe

SAN FRANCISCO – Hewlett-Packard Co. said CEO Mark Hurd is stepping down following a probe that found he falsified expense reports related to a former HP contractor who accused him of sexual harassment.
HP said Friday that Hurd decided to leave after the sexual-harrassment claim, which was made against him … Read : HP CEO Mark Hurd steps down in wake of sexual-harassment claim, CFO named interim CEO.

Volcano Affects Ryanair Profit

DUBLIN, IRELAND (GaeaTimes.com)- The Irish budget airline Ryanair has reported a loss of 24 percent in its report for the first quarter. The main reasons for this loss are a hike in crude fuel price and the enormous blow the aviation sector received during the Icelandic volcano eruption. It is quite well known now that …. Source  : Gaea News Network.

Adventure tourism key to boosting economies

WASHINGTON – A study has found that a country could get an economic boost if it offered adventure tourism.

Researchers at George Washington University’s International Institute of Tourism Studies believe that jungle tours, whitewater rafting or birdwatching can help attract tourists.

GW School of Business researchers found that the adventure tourism is a rapidly growing tourism market …. Source  : Adventure tourism key to boosting economies.

Adani Agrifresh to buy 35,000 tonnes of apples from Himachal

SHIMLA – Adani Agrifresh will procure 35,000 tonnes of apples from Himachal Pradesh this year, a company official said here Sunday.

“We have started apple procurement two days ago. This year’s procurement rate is Rs.31 a kg for the superior variety,” Deputy General Manager Sanjay Mahajan told IANS.
This year’s price is Rs.27 less than that … Read more »»».

Mark Papermaster Leaves Apple

CUPERTINO (GaeaTimes.com)- There is no doubt about the fact that the latest smart phone to come out of the Apple factory has become one of the most un-smart gadget with its continuously and embarrassingly failing antenna. Perhaps to correct its image in front of the complaining customers, Apple’s spokesman, Steve Dowling on Saturday announced that … Original article on : Mark Papermaster Leaves Apple.

AP source: Disgraced former HP CEO Mark Hurd settles with sex-harassment accuser

AP source: Ousted HP CEO settles with accuser

SAN FRANCISCO – A person familiar with the sexual harassment allegations against ousted Hewlett-Packard Co. CEO Mark Hurd tells The Associated Press that Hurd has settled the matter with his accuser.
This person says Hurd agreed to pay the woman, but wouldn’t reveal the size of the payment. The …. Original source  : AP source: Disgraced former HP CEO Mark Hurd settles with sex-harassment accuser.

Help for distressed Indian globetrotter now a phone call away

NEW DELHI – Whether it is a businessman who wants to know if it is safe to visit certain cities in Mexico or a tourist in Tokyo who suspects he has fractured his ankle, help is not far thanks to a service available to the Indian globe trotter.

The London and Singapore-based International SOS says its … Read the original article on Gaea Times at : Help for distressed Indian globetrotter now a phone call away.

Himachal’s hydropower plant remains shut, power supply hit

SHIMLA – The country’s largest hydropower plant in Himachal Pradesh remained shut for the fourth day Sunday, disrupting power supply to northern states, including Delhi.

The 1,500 MW Nathpa Jhakri hydropower project in Kinnaur district was closed Thursday as the silt level suddenly rose more than the permissible limit of 4,000 ppm (parts per million) due … Read this article on Gaea Times at : Himachal’s hydropower plant remains shut, power supply hit.

Delhi flower mart is a feast for the senses (Feature with images)

NEW DELHI – The fragrance of roses and rajnigandha fill the air as temple bells ring in the background. A trip to the flower market in Connaught Place is an overwhelming experience for the senses, with the pavement sellers doing business worth lakhs of rupees every month.

The Hanuman Temple flower market commences business at around … Read more >>.

Business returning to old world values, the Tata way

NEW DELHI – In the footsteps of India’s Tata Group – which is hunting for a successor right now – business houses across the globe are resorting to old world values of community service to sustain themselves in the long run, says British business historian Morgen Witzel.

“The house has always believed in service to community …. Source article on Gaea Times at  : Business returning to old world values, the Tata way.

India Show in Johannesburg to push trade with Africa

NEW DELHI – A four-day “India Show” in Johannesburg from Aug 29 will kick off a drive to push trade and economic ties with South Africa and use it to make a major foray into the African continent.

India’s Commerce Minister Anand Sharma and Tata Group chief Ratan Tata will lead the government-corporate mission …. Original source  : India Show in Johannesburg to push trade with Africa.

Reports say Calif. city official pocketed $1.5M in salary and unusually generous benefits

Calif. city official’s salary package topped $1.5M

LOS ANGELES – A former city manager’s huge $787,000 salary is only half of the unusually generous total compensation given to the official in the small California blue-collar city of Bell, according to a city official.
Robert Rizzo’s benefits, which included 20 weeks paid vacation, brought his total annual compensation …. Original article  : Reports say Calif. city official pocketed $1.5M in salary and unusually generous benefits.

Bell official pocketed $1.5M in salary and unusually generous benefits, double earlier reports

Bell official’s salary and benefits topped $1.5M

BELL, Calif. – A former Bell city official’s huge $787,000 salary is only half of his unusually generous total compensation, according to local media reports.
KTTV Fox 11 News first reported on Friday night that former Bell City Manager Robert Rizzo’s benefits, which include 20 weeks paid vacation, bring his …. Read the original article  : here.

Orissa stops land acquisition for POSCO project

BHUBANESWAR – Orissa officials Saturday stopped the land acquisition process for South Korean steel major POSCO’s $12 billion project in Jagatsinghpur district, two days after the union environment and forests ministry asked it to stop all work on the project.

“We have stopped the land acquisition process today (Saturday) till an indefinite period. We are awaiting … Read this article on Gaea Times at : Orissa stops land acquisition for POSCO project.

Chrysler sales to everyday drivers drop; gains come from less profitable rental car fleets

Chrysler sales rise but problems lurk behind gains

DETROIT – A year after getting billions of dollars in federal aid to stay in business, Chrysler now brags each month about growing sales, insisting it is rolling down the road to recovery.
But beneath the surface of those sales figures are troubling signs for Chrysler. The company has … Read more >>>.

Roger Goodell takes questions on negotiations, expects Indy Super Bowl to go as planned

Goodell expects Indy Super Bowl to go as planned

ANDERSON, Ind. – Colts players liked what Roger Goodell told them about the 2012 Super Bowl.
The NFL commissioner expects it to be played as planned in Indianapolis.
As for other discussion topics, well, let’s just say there’s plenty of time to work things out.
Goodell wrapped up his training … Original source on Gaea Times at : Roger Goodell takes questions on negotiations, expects Indy Super Bowl to go as planned.

Delhi Metro pays back over Rs.567 crore to Japanese agency

NEW DELHI – One of the few metros in the world to make an operational profit, the Delhi Metro Rail Corporation (DMRC) has paid an amount of over Rs. 567 crore back to a Japanese agency, which sanctioned it a loan for its projects.

According to a DMRC spokesperson Saturday, the amount of 567.63 crore …. Source  : Gaea News Network.

Bangladesh gets $1 bn loan from India

DHAKA – Bangladesh Saturday inked a $1 billion loan agreement with India to finance several projects in the country.

The line of credit will be utilised for implementation of projects to be identified and approved by the Bangladesh government, the Daily Star reported.
Bangladesh’s Economic Relations Department secretary M.Musharraf Hossain Bhuiyan and India’s Exim Bank … Read : Bangladesh gets $1 bn loan from India.

Saudi Arabia halts plan to ban BlackBerry after deal

LONDON – Saudi Arabia and BlackBerry have reached a deal to avert a ban on the smartphone’s messenger service, a move that could have wide-ranging implications for several other countries including India.

The agreement, which involves placing a BlackBerry server inside Saudi Arabia, would allow the government to monitor users’ messages and allay official fears … Original source on Gaea Times at : Saudi Arabia halts plan to ban BlackBerry after deal.

Lifetime achievement travel award for Jet Airways chairman

MUMBAI – Jet Airways chairman Naresh Goyal has been given the lifetime achievement award at the TAAI Travel Awards during a two-day expo organised by Travel Agents Association of India (TAAI).

The India Travel and Trade Expo (ITTE) 2010 that began Friday saw participation of representatives of various industries like airlines, hotels, tourism, technology partners …. Original source  : Lifetime achievement travel award for Jet Airways chairman.

Infosys Murthy’s son Rohan to wed TVS Venu’s daughter

BANGALORE – N.R. Rohan Murthy, son of Infosys Technologies Ltd chairman N.R. Narayana Murthy and Sudha Murthy will soon marry Lakshmi, daughter of TVS Motor Company chairman Venu Srinivasan and Mallika Srinivasan.

“Yes, Rohan had proposed to Lakshmi Thursday in Chennai and the latter had consented. They have known each other for over six months and … Read more >>.

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.

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.

Jharkhand seeks Rs.3,000 crore for drought relief

RANCHI – The Jharkhand government has sought Rs.3,000-crore assistance from the centre to mitigate the effects of drought due to inadequate rains this year.

The government has also opened control rooms at the panchayat level to monitor the relief work and cancelled leave of all field-level officials.
A central team last week visited the state to … Read : Jharkhand seeks Rs.3,000 crore for drought relief.

Asian stock markets mixed on economic pessimism, Australia falls on tight election result

Asia shares mixed on economic pessimism, Europe up

BANGKOK – Asian markets were mixed Monday as pessimism about the world economy deepened and Australian stocks faltered on the likelihood of a weak minority government following weekend elections. European shares opened higher.
The lackluster showing in Asia came after Wall Street closed lower on Friday with sentiment in [..] Read the original article: here.

Officials to vote on plan to let billionaire build art museum on 2.5 acres in downtown LA

Decision looms for billionaire’s LA museum plan

LOS ANGELES – Officials are set to vote on a plan to let billionaire Eli Broad build a museum for his contemporary art collection in downtown Los Angeles.
The Grand Avenue Committee of state and local officials will decide Monday whether to lease 2.5 acres of county-owned land to Broad, … Read more »»».

Delhi women to get free bus rides on Rakhi day

NEW DELHI – Women in the capital city can enjoy a free ride in public buses Tuesday on the occasion of Raksha Bandhan, Chief Minister Shiela Dikshit announced Monday.

“Women in Delhi would be able to travel free of cost in DTC (Delhi Transport Corporation) buses on Raksha Bandhan day. The decision has been taken …. Source article  : Delhi women to get free bus rides on Rakhi day.

Mahindra inks pact to acquire Ssangyong Motors

MUMBAI – Indian automobile major Mahindra and Mahindra (M&M) Monday entered into an agreement with Ssangyong Motor to acquire a majority stake in the South Korean sport utility vehicle maker and expand its business in international markets.

“M&M today (Monday) signed an MoU (Memorandum of Understanding) with Ssangyong Motor Company (SMC) to acquire a majority stake …. Source  : Mahindra inks pact to acquire Ssangyong Motors.

China offers ‘anger-release’ service for netizens

BEIJING – More than 400 online stores in China are providing “anger-release” service to their customers who wish to get rid of their mental stress caused by family matters, studies and pressure at work places.

According to online shopping website Taobao, such stores have become popular among young netizens who are ready to pay the shop … Read : China offers ‘anger-release’ service for netizens.

Highlights of Pittsburgh Pirate financial statements

Highlights of Pirate financial statements
PITTSBURGH – Highlights of the Pirates’ 2007-08 financial statements, as obtained by the Associated Press:

???????????????2008??????????????????????????????2007?????????
Gate receipts ???$32,129,368?????????$34,422,355
Revenue sharing ???$39,046,312?????????$30,302,652
Total club-generated income ???$76,017,669?????????$74,990,600
MLB revenue …. Original article on Gaea Times at  : Highlights of Pittsburgh Pirate financial statements.

Tata Global Beverages may diversify into food business

KOLKATA – Tata Global Beverages (TGB), previously known as Tata Tea, may diversify into food business, Tata group chairman Ratan Tata said here Monday.

“Change in name (has been) done to reflect change in business of the company, which going forward would be more and more beverages and eventually and possibly into food,” Tata said while …. Read the original article  : Tata Global Beverages may diversify into food business.

Australian mining stocks rise over election uncertain as leader urges business as usual

Australian mining stocks rise on poll uncertainty

CANBERRA, Australia – Stocks in Australia’s biggest mining companies rose Monday as the government’s plans for a new tax on their profits were thrown into doubt after the nation’s closest election in almost 50 years delivered no clear mandate.
Trading in the rest of the market was flat, however, and …. Read the original article  : here.

Sensex choppy, Asian cues weak

MUMBAI – A benchmark index for Indian equities Monday was choppy amid negative cues from other Asian markets.

Weighing the markets down were FMCG stocks, while consumer durables, metal and PSU scrips were under selling pressure.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,400.33 points, was at 18,432.48 points, … Read this article on Gaea Times at : Sensex choppy, Asian cues weak.

Two lakh Bihar government employees on strike

PATNA – More than two lakh employees of the Bihar government Monday went on an indefinite strike demanding implementation of recommendations of the sixth pay commission in “letter and spirit”.

The Bihar State Non-Gazetted Employees Federation (BSNGEF) called for the strike in support of their seven point charter of demands.
The federation leaders claimed that …. Source  : Two lakh Bihar government employees on strike.

New York leads US list in new jobs

NEW YORK – New York leads a list of cities in the US that are poised to offer the maximum number of new jobs in the country after the global recession, an astounding figure of 600,000.

Unemployment in New York now stands below the national average, and the city will soon offer a total of 578,897 …. Read the original article  : here.

Chinese locomotive company makes India foray

BEIJING – China’s Zhuzhou Electric Locomotive Company Limited (ZELC), one of the country’s biggest locomotive makers, has earned over $700 million from contracts with India, Malaysia, Singapore and Saudi Arabia. In June this year it signed a contract to supply subway trains to India.

ZELC, a subsidiary of China South Locomotive & Rolling (CSR), …. Original article  : Chinese locomotive company makes India foray.

Asian stock markets mixed on economic pessimism, Australia takes hung parliament in stride

Asian shares mixed on economic pessimism
BANGKOK – Asian markets were mixed Monday as pessimism about the world economy deepened and Australian stocks faltered on the likelihood of a weak minority government following weekend elections.

The lackluster showing in Asia came after Wall Street closed lower on Friday with sentiment in the doldrums because of the recent … Read : Asian stock markets mixed on economic pessimism, Australia takes hung parliament in stride.

China says to consider dropping death penalty for economic crimes

China may drop death penalty for economic crimes

BEIJING – China, which executes more people each year than any other country, said Monday it is considering dropping capital punishment for economic crimes.
A draft amendment to the country’s criminal code proposes cutting 13 “economy-related, non-violent offenses” from the list of 68 crimes punishable by the death penalty, …. Original source  : China says to consider dropping death penalty for economic crimes.

Food security stalls China’s quest for new energy

BEIJING – Corn-based ethanol fuel could help reduce vehicular emissions in China but high production costs and large population have hindered its growth in the country, say experts.

China launched a pilot project in 2004 to produce ethanol fuel in an effort to cut emissions from vehicles that depend on traditional fuels like petrol, and advance … Read the original article on Gaea Times at : Food security stalls China’s quest for new energy.

Money Market Operations as on August 20, 2010

… Original article on : Money Market Operations as on August 20, 2010.

Asian stock markets mixed; Australia shares flat amid political uncertainty

Asian shares mixed after tight Australia elections

TOKYO – Asian stock markets were mixed in early trading Monday, with Australian shares flat amid uncertainty over the result of weekend federal elections.
The S&P/ASX 200 inched up 0.1 percent to 4,434.0 as Australia’s two major political parties lobbied independent lawmakers to try to stitch together the nation’s first …. Source article on Gaea Times at  : Asian stock markets mixed; Australia shares flat amid political uncertainty.

Team documents show Pirates make money even during record-setting losing streak

Financial records show Pirates win while losing

PITTSBURGH – Don’t feel too sorry for the cellar-dwelling Pittsburgh Pirates. Losing has been profitable.
The Pirates made nearly $29.4 million in 2007 and 2008, according to team financial documents, years that were part of a streak of futility that has now reached 18 straight losing seasons. The team’s ownership …. Source  : Gaea News Network.

Paraguay’s president will work from home while undergoing chemotherapy for lymphatic cancer

Paraguay’s president works from home during chemo

ASUNCION, Paraguay – Paraguayan President Fernando Lugo will conduct his official duties from home while he undergoes chemotherapy for lymphatic cancer, the government said Sunday.
Earlier in the day, a physician, Alfredo Boccia, had said Lugo was doing well 10 days after this first chemotherapy session, but should avoid contact …. Read the original article  : here.

EIH sees traction in revenues, apprehends pressure on margins

KOLKATA – East India Hotels, which runs the Oberoi and Trident chains, expects an increase in occupancy levels and average room rates along with a rise in inbound tourists this fiscal, though there could be pressures on margins due to inflation.

“I expect demand to grow as the financial year progresses. Room rate would begin … Read more : EIH sees traction in revenues, apprehends pressure on margins.

World stock markets fall as economy worries linger; Nikkei dragged by strong yen

World stock markets fall as economy worries linger

BANGKOK – World stock markets retreated Tuesday as the strong yen knocked Japanese shares and investors anticipated more bad news from U.S. economic reports this week.
Markets have spent most of August in the red as economic indicators from the U.S., China, Japan and elsewhere suggested global growth will …. Source article on Gaea Times at  : World stock markets fall as economy worries linger; Nikkei dragged by strong yen.

Himachal installs anti-hail guns to protect fruit crop

SHIMLA – Himachal Pradesh has installed anti-hail guns, the first in the country, to protect its fruit cros from hailstorms, a minister said here Tuesday.

“Three anti-hails have been installed in fruit-growing belts of Shimla district under a pilot project. More guns would be installed in other areas if the project is successful,” Horticulture Minister Narender …. Original article on Gaea Times at  : Himachal installs anti-hail guns to protect fruit crop.

Environmental clearance denied to Vedanta project (Second Lead)

NEW DELHI – Environment and Forest Minister Jairam Ramesh Tuesday formally rejected London-listed Vedanata’s bauxite mining project in Orissa, saying the company has violated environment norms.

“The Saxena Committee report, recommendations from the FAC (Forest Advisory Committee) and legal opinion of the attorney general have been taken into consideration and on the basis of which the … Read the original article on Gaea Times at : Environmental clearance denied to Vedanta project (Second Lead).

Honolulu’s long-standing trash woes get short-term solution, but bigger problem looms

Honolulu’s long-standing trash woes growing worse

HONOLULU – Gigantic piles of shrink-wrapped garbage have been moldering in the heat of a Hawaii industrial park for more than five months, waiting for a place to be shipped.
That wait appeared to end Monday when city officials inked a deal to dispose of the 40 million-pound pile of odious …. Source  : Honolulu’s long-standing trash woes get short-term solution, but bigger problem looms.

Unsafe electronic voting machines: Shooting the messenger (Comment)

Over the weekend, the Indian establishment demonstrated how bizarre the mix of political insecurity, intolerance to criticism, and sheer stupidity could be. Mumbai police arrested Hari K. Prasad, chief of Indian research and development firm Netindia.

The reason: Prasad is member of a team of security researchers, including American computer scientist J. Alex Halderman, who …. Source article on Gaea Times at  : Unsafe electronic voting machines: Shooting the messenger (Comment).

Oil falls to near $72 in Asia in line with weaker equities amid economic fears

Oil falls to near $72 in Asia on economic fears

KUALA LUMPUR, Malaysia – Oil prices sank to near $72 a barrel Tuesday in Asia as regional markets fell amid fresh concerns about the pace of the global economic recovery.
Benchmark crude for October delivery was down 84 cents at $72.26 a barrel at midday Kuala Lumpur …. Read the original article  : Oil falls to near $72 in Asia in line with weaker equities amid economic fears.

Sensex in the red, Asian cues mixed

MUMBAI – A benchmark index for Indian equities Tuesday slipped further into the red during noon trade and was ruling 73 points lower than its previous close.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,407.01 points, was at 18,335.48 points, 73.87 points or 0.4 percent down from its … Read : Sensex in the red, Asian cues mixed.

In it for the long haul: China’s traffic jam stretching as long as 100 km could last for weeks

China’s massive traffic jam could last for weeks

BEIJING – A massive traffic jam in north China that stretches for dozens of miles and hit its 10-day mark on Tuesday stems from road construction in Beijing that won’t be finished until the middle of next month, an official said.
Bumper-to-bumper gridlock spanning for 60 miles (100 kilometers) … Original article on : In it for the long haul: China’s traffic jam stretching as long as 100 km could last for weeks.

Green car made of cannabis on its way

VANCOUVER – More than a dozen Canadian companies have joined hands to produce a ‘green’ car made of hemp.

To be run on electricity, the prototype design of the car – to be called Kestrel – will be unveiled at the Electric Mobility Show here next month.
A consortium of 15 Canadian companies will design the …. Original source  : Green car made of cannabis on its way.

Vedanta environmental clearance scrapped

NEW DELHI – The environmental clearance for the Vedanta projects in Orissa has been scrapped, Environment Minister Jairam Ramesh said Tuesday.
… Read more : Vedanta environmental clearance scrapped.

Ecuador’s oil exports up almost 74 percent

Quito, Aug 24 (IANS/EFE) Ecuador’s oil exports rose almost 74 percent in the first half of 2010 compared to the same period last year, although that increase was due entirely to higher prices, the Central Bank said.

Between January and June, the value of the country’s oil exports totalled almost $4.67 billion, up from $2.68 billion …. Source article  : Ecuador’s oil exports up almost 74 percent.

Honolulu agrees to dispose of tons of trash that was to be shipped to Washington state

Honolulu agrees to accept tons of trash
HONOLULU – Honolulu on Monday agreed to dispose of 20,000 tons worth of gigantic piles of shrink-wrapped garbage that have been moldering in the heat of a Hawaii industrial park where it had been waiting for more than five months for a possible shipment to Washington state.

Acting Mayor Kirk …. Source article  : Honolulu agrees to dispose of tons of trash that was to be shipped to Washington state.

Oil falls below $73 in Asia in line with weaker equities amid economic fears

Oil falls below $73 in Asia on economic fears

KUALA LUMPUR, Malaysia – Oil prices fell below $73 a barrel in Asia on Tuesday as regional markets remained muted amid fresh concerns about the pace of the global economic recovery.
Benchmark crude for October delivery was down 18 cents at $72.92 a barrel at midday Kuala Lumpur … Read more : Oil falls below $73 in Asia in line with weaker equities amid economic fears.

PepsiCo’s reformulates Quaker instant oatmeal, rolls out new products to revive brand

PepsiCo hopes to revive Quaker with new products

NEW YORK – PepsiCo Inc. is hoping to revive its Quaker division with new types of cereal, a reformulation of its instant oatmeal and a new marketing campaign.
The brand’s trademark hot and cold cereals have been hurting in the down economy as people shift away from name brands … Read more : PepsiCo’s reformulates Quaker instant oatmeal, rolls out new products to revive brand.

Money Market Operations as on August 23, 2010

… Original source on Gaea Times at : Money Market Operations as on August 23, 2010.

Asian stock markets fall after lackluster Wall Street finish; Nikkei dragged by strong yen

Asian stock markets fall as economy worries linger

BANGKOK – Asian stocks markets retreated Tuesday led by Japan as the yen climbed and investors anticipated more bad news from U.S. economic reports this week.
The region’s markets have spent most of August in the red as economic indicators from the U.S., China, Japan and elsewhere suggested global …. Source article on Gaea Times at  : Asian stock markets fall after lackluster Wall Street finish; Nikkei dragged by strong yen.

Disgruntled secured creditors trying to block Arizona grocer’s emergence from Chapter 11

Bashas’ reorganization plan appealed by creditors

PHOENIX – Disgruntled secured creditors of Bashas’ Inc. are trying to block the Arizona grocer’s emergence from bankruptcy under the current court-approved plan.
The company’s bondholders and former bankers have asked the U.S. Bankruptcy Court to delay implementation of Bashas’ Chapter 11 reorganization plan while they appeal its Aug. 13 confirmation …. Source article  : Disgruntled secured creditors trying to block Arizona grocer’s emergence from Chapter 11.

Major delays forecast after fire near station on NY’s LIRR, largest US commuter train system

Delays forecast on NY’s huge Long Island Rail Road

NEW YORK – Passengers traveling in New York City and its suburbs on the nation’s largest commuter train system can expect major headaches.
The Long Island Rail Road says there will be significant schedule changes and delays during Tuesday’s rush hours after an electrical fire in a switching … Read more : Major delays forecast after fire near station on NY’s LIRR, largest US commuter train system.

California to delay payments to schools, counties a month sooner than expected

California to delay payments sooner than expected

SACRAMENTO, Calif. – Gov. Arnold Schwarzenegger, the state controller and treasurer decided Monday to delay $2.9 billion a month in payments to school districts and counties sooner than expected so the state can meet debt and pension obligations.
The leaders issued a joint letter notifying state lawmakers of their decision … Original article on : California to delay payments to schools, counties a month sooner than expected.

German business confidence continues its upward trend in August

German business confidence up again
BERLIN – A leading economic survey shows Germany’s business confidence has maintained its upward trend in August.

The Ifo research institute, based in Munich, said on Wednesday its closely watched business confidence index rose to 106.7 points from 106.2 points in July.
The institute said that companies planned to hire more people, despite … Read : German business confidence continues its upward trend in August.

Iran says it successfully test-fires new generation of the short-range Fateh-110 missile

Iran says it test-fires new missile
TEHRAN, Iran – Iran said Wednesday that has it successfully test-fired an upgraded version of a short-range surface-to-surface missile.

Defense Minister Gen. Ahmad Vahidi said the third generation of the Fateh-110, which means “conqueror” in Farsi and Arabic, is equipped with a high accuracy guidance control system. He said the solid-fuel … Read more »».

Heineken H1 profits rise 42 percent on one-time gain, cost cutting

Heineken H1 profit rises on one-time gains

AMSTERDAM – Heineken NV, the world’s third-largest brewer, said Wednesday its first-half net profit rose by 42 percent thanks to one-time financial gains, cost cutting and positive currency effects.
The maker of Amstel and Dos Equis said net profit was ???695 million ($881 million), up from ???489 million in the … Read more : Heineken H1 profits rise 42 percent on one-time gain, cost cutting.

Nepal’s continuing political turmoil stalls government, development projects and peace process

Nepal struggles amid political turmoil
KATMANDU, Nepal – A power battle that has left Nepal’s political system in limbo for months has also frozen efforts to solidify peace, write a constitution and push ahead with development in this desperately poor nation.

With no one in charge, plans to build badly needed rural roads, increase electricity generation in … Original source on Gaea Times at : Nepal’s continuing political turmoil stalls government, development projects and peace process.

Chidambaram mulls transfer of funds to police forces

NEW DELHI – In a step likely to be resented by the states, Home Minister P. Chidambaram Wednesday mooted the idea of transferring central funds for modernising police forces to the police chiefs instead of the state governments.

“Should we try to put in place a system for transfer of funds under the MPF (Modernisation …. Source article  : Chidambaram mulls transfer of funds to police forces.

Incumbent GOP Sen. Murkowski struggling in primary; newcomer wins Fla. GOP governor’s race

Alaska GOP Sen. Murkowski in jeopardy
WASHINGTON – Her re-election quest suddenly in jeopardy, Alaska Sen. Lisa Murkowski struggled to avoid becoming the latest incumbent lawmaker to be fired. She fought against a political novice with the backing of Sarah Palin and tea party activists in a stunningly tight Republican primary race.
With more than … Read : Incumbent GOP Sen. Murkowski struggling in primary; newcomer wins Fla. GOP governor’s race.

California governor considers bill that could make it easier for farmworkers to form unions

Bill in Calif. would help farmworkers form unions

SACRAMENTO, Calif. – The temperature was nearly 100 degrees as 17-year-old Maria Vasquez Jimenez pruned grapes for nine hours at a vineyard near Stockton in California’s Central Valley.
By the end of the day, the pregnant teen was dead from heat stroke, and her death set off renewed calls …. Source  : California governor considers bill that could make it easier for farmworkers to form unions.

Thousands flee after Punjab floods

CHANDIGARH – Thousands fled their homes as the rain-swollen Satluj river flooded 15 villages in Anandpur Sahib in Punjab’s Ropar district, inundating vast acres of farmland.

A nearly 100-feet breach in the river bank turned the villages of Laudipur, Gajjpur, Burj, Nangli, Dasdgrain, Hariwal, Nikkuwal, Mehandli Kalan and Saini Majra into a sea of water.
Authorities … Read more »»».

New Medicare rule means more than 3M seniors may have to switch drug plans next year

More than 3M seniors may have to switch drug plans
WASHINGTON – A plan by Medicare to try to make it simpler for consumers to pick drug coverage could force 3 million seniors to switch plans next year whether they like it or not, says an independent analysis.
That risks undercutting President Barack … Original source on Gaea Times at : New Medicare rule means more than 3M seniors may have to switch drug plans next year.

State Bank of Indore branches to operate as State Bank of India branches from August 26, 2010 and not from August 27, 2010

All the branches of State Bank of Indore will function as branches of the State Bank of India from August 26, 2010 and not August 27, 2010 as mentioned in the Reserve Bank press release no 287 issued on August 24, 2010. This is due to the fact that … Read more >>.

Air India to lose Kathmandu-Kolkata monopoly

KATHMANDU – From Oct 1, India’s national carrier Air India will lose its monopoly on the Kolkata-Kathmandu-Kolkata sector with independent Nepali airline Buddha Air beginning its inaugural flights between the two cities.

The 13-year Nepali airline, which went international this month by becoming the first foreign airline to fly to the Buddhist kingdom of Bhutan, may … Original article on : Air India to lose Kathmandu-Kolkata monopoly.

Sensex drops sharply, Asian cues depressing

MUMBAI – A benchmark index for Indian equities Wednesday slipped further into the red during noon trade and was ruling 102 points lower than its previous close, joining other depressed Asian markets.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,308.51 points, was at 18,208.69 points, 102.9 points or … Read more : Sensex drops sharply, Asian cues depressing.

Koch Industries Inhumanitarian Grounds Exposed

WASHINGTON (GaeaTimes.com) — Koch Industries have come up to the limelight not because it is one of the largest American Oil industry, but because of its poor environmental records. Koch Industries deal in petroleum, natural gas, paper, and all sorts of other resource-depleting industries generating a revenue of around $100 billion. Over the time these … Read more : Koch Industries Inhumanitarian Grounds Exposed.

China bestseller slams Goldman Sachs, as conspiracy theories over crisis crowd shelves

Chinese bestseller slams Goldman Sachs for crisis

SHANGHAI – Goldman Sachs & Co., reviled in the U.S. for its role in the financial crisis, is now getting hammered in the world’s No. 2 economy with a sensationalist new book accusing the investment bank of trying to destroy China.
The “Goldman Sachs Conspiracy,” which has sold over 100,000 … Read more »».

Plunging US home sales spark fears of slower recovery

WASHINGTON – US home sales plunged to their lowest level in 15 years, leading economists to warn that a likely double-dip in housing prices could further slow America’s recovery from its worst downturn in decades.

Existing home sales sank 27.2 percent in July, twice as much as analysts expected, to a seasonally adjusted annual rate of … Read more : Plunging US home sales spark fears of slower recovery.

BlackBerry snaps up California app store developer

TORONTO – With even its updated App World platform offering just 9,500 apps as compared to Apple’s 225,000 and Android store’s 65,000, BlackBerry maker Research In Motion (RIM) has acquired California-based Cellmania which delivers back-end infrastructure for application stores.

Based at Mountain View, Cellmania drives mobile ecosystems for the world’s largest mobile operators, infrastructure providers and … Read : BlackBerry snaps up California app store developer.

Shutdown against Yamuna Express, train stopped near Mathura (Lead, Changing dateline)

LUCKNOW – Farmers in Uttar Pradesh’s Mathura district Wednesday stopped a train and disrupted rail routes while joining in the statewide shutdown called by the Kisan Sangharsh Samiti for enhanced compensation for farmers’ land acquired for the Yamuna Expressway, officials said.

A large number of farmers, backed by the Bharatiya Janata Yuva Morcha, the youth wing … Original article on : Shutdown against Yamuna Express, train stopped near Mathura (Lead, Changing dateline).

Report: Major League Baseball investigation into financial documents focusing on insurance

Report: MLB investigation focusing on insurance

NEW YORK – The New York Times is reporting that Major League Baseball is focusing on leaked financial documents in an investigation on insurance companies that do business with clubs.
The paper reported on its Website on Tuesday night citing two anonymous MLB executives.
The Times reported the companies under investigation sell …. Source article  : Report: Major League Baseball investigation into financial documents focusing on insurance.

High alert as farmers along Yamuna Expressway begin shutdown

AGRA – Farmers demanding higher compensation for their land acquired for the Yamuna Expressway in Uttar Pradesh began a daylong shutdown in Mathura, Agra and Aligarh districts Wednesday, threatening to disrupt road and rail traffic and asking shopkeepers to down shutters.

Security forces were also put on high alert as farmers tried to disrupt rail …. Original article  : High alert as farmers along Yamuna Expressway begin shutdown.

Oil lingers under $72 a barrel in Asia after 13 percent drop over 3 weeks

Oil rises slightly as economic data tempers gains

KUALA LUMPUR, Malaysia – Oil prices rose slightly Wednesday in Asia after a 13 percent fall over three weeks drew buyers but weak economic indicators tempered gains.
Benchmark crude for October delivery was up 24 cents at $71.87 a barrel at late afternoon Kuala Lumpur time in electronic trading …. Source  : Gaea News Network.

Oil rises above $73 in Asia on bargain hunting as stock markets rise after sell-off

Oil rises above $73 amid stronger stock markets

KUALA LUMPUR, Malaysia – Oil prices extended gains to rise above $73 a barrel Thursday in Asia as regional stock markets advanced and recent sharp losses in crude drew more buyers.
Benchmark crude for October delivery was up 72 cents at $73.24 a barrel at late afternoon Kuala Lumpur … Read more »».

TVS to invest Rs.200 crore for capacity expansion

NEW DELHI – Two and three-wheeler maker TVS Motors Thursday said it will invest Rs.200 crore by April next year to increase production to meet rising demand.

“we are increasing our capacity to 28 lakh units from 21 lakh units per annum to meet the growing demand. We will investment Rs.200 crore by April 2011,” … Read this article on Gaea Times at : TVS to invest Rs.200 crore for capacity expansion.

Renault to launch five cars in India

NEW DELHI – French auto major Renault Thursday said it will launch five cars in India between 2011 and 2013.

“We will be launching five cars in India, starting from mid-2011 to mid-2013. We will also launch a small car in the Indian market in 2012,” said Marc Nassif, country general manager, Renault India, on the … Original source on Gaea Times at : Renault to launch five cars in India.

Spain says 2nd quarter GDP decline in annual terms smaller than originally believed

Spain revises Q2 growth figure upward
MADRID – Spain says its economy contracted at an annual rate of 0.1 percent in the second quarter, less than the initial estimate of a 0.2 percent decline.

The National Statistics Institute confirmed its original figure of 0.2 percent growth in the second quarter compared to the first. That marked the … Read this article on Gaea Times at : Spain says 2nd quarter GDP decline in annual terms smaller than originally believed.

Textile park to come up in Himachal

SHIMLA – Himachal Pradesh will set up a textile park with an outlay of Rs.107 crore (around $22 million), a minister said here Thursday.

“Chief Minister Prem Kumar Dhumal will lay the foundation stone of the textile park Aug 28 which will come up in Amb tehsil,” Industry Minister Kishan Kapoor told IANS.
He said a … Original article on : Textile park to come up in Himachal.

Philippine president vows punishment in bus hijack, Senate opens investigation

Philippine leader vows punishment in bus hijack

MANILA, Philippines – The Philippine president vowed Thursday that “someone will pay” for the bus hostage crisis that killed Hong Kong tourists as senators began grilling senior police officers over the deadly fiasco.
Addressing students and teachers at a suburban university, President Benigno Aquino III said the nearly 12-hour hostage-taking …. Read the original article  : Philippine president vows punishment in bus hijack, Senate opens investigation.

Euro up at $1.2736 after report shows rise in German consumer sentiment

Euro up against the dollar after German report

BERLIN – The euro has gained on the dollar as key indicators showed the German economy, Europe’s largest, is sustaining robust growth.
The 16-nation currency bought $1.2736 in early Thursday trading, up from the $1.2657 it fetched in New York overnight, after an indicator of German business confidence rose …. Source article  : Euro up at $1.2736 after report shows rise in German consumer sentiment.

Supermarket operator Ahold reports 3 percent rise in Q2 profits; US, Dutch margins steady

Ahold reports 3 percent rise in Q2 profits

AMSTERDAM – Royal Ahold NV, the Dutch operator of the Stop & Shop and Giant grocery chains in the United States, said Thursday its second quarter profits rose just three percent due to a loss at its Scandinavian joint venture ICA.
Ahold’s net profit was ???202 million ($256 million) …. Source article  : Supermarket operator Ahold reports 3 percent rise in Q2 profits; US, Dutch margins steady.

Panel scoffs at Mamata’s claim to build 1,000 km of tracks a year

NEW DELHI – A parliamentary panel, mandated to examine Indian Railways’ functioning, has scoffed at Railway Minister Mamata Banerjee’s promise to build 1,000 km of tracks this fiscal and 25,000 km by 2020.

The panel, headed by T.R. Baalu of the Dravida Munnetra Kazhagam (DMK), doubts the ministry’s claim, saying the railways have been able to …. Source  : Gaea News Network.

Sensex crawls up in afternoon trade

MUMBAI – A benchmark index for Indian equities crept up in afternoon trade Thursday to rule at 76 points higher, having been range-bound in the morning session.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,194.78 points, was at 18,255.97 points, 76.33 points or 0.42 percent up from its previous …. Read the original article  : Sensex crawls up in afternoon trade.

Sensex crawls up in afternoon trade

MUMBAI – A benchmark index for Indian equities crept up in afternoon trade Thursday to rule at 76 points higher, having been range-bound in the morning session.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,194.78 points, was at 18,255.97 points, 76.33 points or 0.42 percent up from its previous … Read more >>.

Food inflation down for second straight week to 10.05 percent

NEW DELHI – India’s food inflation eased to 10.05 percent for the week ended Aug 14 from 10.35 percent a week earlier, official data released Thursday showed.

The government’s decision to freeze exports of food grains and good monsoon rains have had a sobering effect on prices for the second successive week.
The fuel prices … Read more »»».

Thousands of protesting farmers throng parliament

NEW DELHI – Delhi geared up for more traffic trouble Thursday as thousands of farmers congregated outside parliament Thursday to demand enhanced compensation for their lands being acquired for the Yamuna Expressway in Uttar Pradesh, and thousands more were expected to join them.

Rashtriya Lok Dal (RLD) leader Ajit Singh, Jayant Chaudhary and several farmer leaders …. Original source  : Thousands of protesting farmers throng parliament.

Big in China: Brands import foreign athletes, celebrities to woo Chinese customers

Big in China: Brands import foreign celebrities

BEIJING – Kevin Garnett wore his affection for China’s booming sportswear market on his back as the NBA star arrived in Beijing in August.
“Love China” declared the Boston Celtics power forward’s T shirt. On the front: The angular red slash logo of Anta, the athletic shoe producer that brought …. Original article  : Big in China: Brands import foreign athletes, celebrities to woo Chinese customers.

Garmin Ltd. Recalls 1.3 Million GPS Units

NEW YORK (GaeaTimes.com)- On Wednesday, Garmin Ltd. announced that it is recalling around 1.3 million Nuvi GPS devices sold all over the world. The company announced that the recall is being done after it found that the batteries of the units sold have the potential to get overheated and lead to fire hazards. …. Read the original article  : Garmin Ltd. Recalls 1.3 Million GPS Units.

Drinks company Diageo’s full-year profit up 1.5 percent on second-half rebound

Diageo full-year profit up 1.5 percent
LONDON – Diageo PLC, the world’s biggest spirits maker, said Thursday that its full-year profit rose 1.5 percent as sales in emerging markets fueled a rebound from a weak first half.

For the year ending June 30, the maker of Johnnie Walker whisky, Smirnoff vodka and Guinness stout reported a net …. Original article  : Drinks company Diageo’s full-year profit up 1.5 percent on second-half rebound.

Air China says first-half profit up 60 percent as travel, cargo recover from global crisis

Air China says first-half profit up 60 percent

BEIJING – Air China Ltd., one of China’s three major state-owned airlines, said Thursday its first-half profit rose 60 percent over a year earlier as passenger travel and cargo recovered from the global crisis.
Profit for the six months ending June 30 was 4.6 billion yuan ($675 million), or … Read the original article on Gaea Times at : Air China says first-half profit up 60 percent as travel, cargo recover from global crisis.

Mazda, Ford to invest $350 million to revamp Thai plant for pickup truck production

Mazda, Ford to invest $350 million in Thai plant

TOKYO – Ford Motor Co. and Mazda Motor Corp. are investing $350 million in their joint venture plant in Thailand to revamp production of pickup trucks, both sides said Thursday.
The investment at AutoAlliance Thailand, a 50-50 joint venture, underlines that four years of political upheaval has not … Read the original article on Gaea Times at : Mazda, Ford to invest $350 million to revamp Thai plant for pickup truck production.

Oil extends gains to near $73 in Asia on bargain hunting as stock markets rise after sell-off

Oil rises to near $73 amid stronger stock markets

KUALA LUMPUR, Malaysia – Oil prices extended gains to near $73 a barrel Thursday in Asia as regional stock markets rose and recent sharp losses in crude drew more buyers.
Benchmark crude for October delivery was up 32 cents at $72.93 a barrel at midday Kuala Lumpur time …. Read the original article  : Oil extends gains to near $73 in Asia on bargain hunting as stock markets rise after sell-off.

Asian stocks rise modestly amid more weak indicators on US economy

Asian shares snap losing streak but gains modest

SEOUL, South Korea – Most Asian markets rose Thursday, snapping a lengthy losing streak, though apprehension over a slowing U.S. economy capped gains.
Japan’s Nikkei 225 stock average advanced 47.09 points, or 0.5 percent, to 8,892.48 as the yen steadied against the dollar following big gains that have hit … Read more : Asian stocks rise modestly amid more weak indicators on US economy.

IDBI best public sector bank for SME financing: D&B

MUMBAI – IDBI Bank has received the best public sector bank award for financing small and medium enterprises (SMEs) from global business information provider Dun and Bradstreet (D&B).

“IDBI Bank has developed a special business model to serve the SMEs in the country that has enabled the bank to develop a quality SME portfolio through a [..] Read the original article: here.

Euro climbs on the dollar to $1.2724 as markets await Bernanke speech on US economic growth

Euro climbs on dollar ahead of Bernanke speech

BERLIN – The euro is up against the dollar as markets await a speech by the head of the U.S. Federal Reserve for any signs the central bank will take measures to bolster the U.S. economy.
The euro, used by 16 nations, bought $1.2724 early Friday, up from $1.2703 … Read more >>.

UK second quarter growth revised upward to 1.2 pct from preliminary estimate of 1.1 pct

British Q2 economic growth revised up to 1.2 pct

LONDON – A government agency says Britain’s economy grew by 1.2 percent in the second quarter, higher than the preliminary estimate of 1.1 percent released a month ago.
Friday’s release from the Office for National Statistics confirmed that the British economy grew for a third straight quarter, following … Read more : UK second quarter growth revised upward to 1.2 pct from preliminary estimate of 1.1 pct.

China shares rise but gains tempered by mixed earnings from major state-owned companies

China shares rise but earnings temper gains

SHANGHAI – Chinese shares rose Friday but gains were tempered by mixed earnings reports from major companies.
The benchmark Shanghai Composite Index edged up 7.26 points, or 0.3 percent, to close at 2,610.74. For the week, it lost 1.2 percent. The Shenzhen Composite Index for China’s smaller second exchange added … Read more »».

Saab owner Spyker reports $176 million loss in 1H; Saab’s sales down more than 50 percent

Saab owner Spyker posts $176 million loss in 1H

AMSTERDAM – Spyker Cars NV, the owner of Saab Automobile AB, reported a hefty loss Friday for the first half of 2010, as the tiny company absorbed the impact of purchasing the much larger Saab as it was on the verge of liquidation.
Spyker’s net loss was euro139 … Read more : Saab owner Spyker reports $176 million loss in 1H; Saab’s sales down more than 50 percent.

Oil prices ease in Asia to near $73 after 2 days of gains as regional stock markets waver

Oil falls to near $73 as stock markets waver

KUALA LUMPUR, Malaysia – Oil prices eased in Asia on Friday after two straight days of gains, taking a cue from regional stock markets which were mixed amid expectations of slower U.S. economic growth.
Benchmark crude for October delivery was down 22 cents at $73.14 a barrel at …. Source article on Gaea Times at  : Oil prices ease in Asia to near $73 after 2 days of gains as regional stock markets waver.

Bihar government staff strike hits flood, drought relief

PATNA – The functioning of government offices in Bihar has come to a standstill with the indefinite strike of more than 2.5 lakh state non-gazetted employees continuing fifth day Friday.

The employees of the Bihar government Monday went on an indefinite strike to press their demand for grant of higher remunerations and salaries as recommended by [..] Read the original article: here.

Free of sanctions, Libya reaches out – and up – in boom dubbed by some as the ‘new Dubai’

The ‘new Dubai’? Libya open for business
BENGHAZI, Libya – In the outskirts of this city, Libya’s second largest, row after row of sand-colored concrete apartment blocks and villas are sprouting from the desert. Hundreds of kilometers away, construction cranes dot the Mediterranean skyline of the capital, Tripoli.

The multibillion dollar construction frenzy taking place is the … Read more : Free of sanctions, Libya reaches out – and up – in boom dubbed by some as the ‘new Dubai’.

Putting meals where their mouths are, Obamas choose local produce on Martha’s Vineyard holiday

On Martha’s Vineyard, Obamas savor local produce
VINEYARD HAVEN, Mass. – For a vacationing President Barack Obama, it seems all produce – like politics – is local.
So far, in their only dinner outings since arriving on Martha’s Vineyard last week, the president and his wife have twice eaten at restaurants that feature … Read this article on Gaea Times at : Putting meals where their mouths are, Obamas choose local produce on Martha’s Vineyard holiday.

SPIN METER: Obama administration avoids mention of problems, delays in weatherization program

SPIN METER: What Biden didn’t mention on stimulus
FRESNO, Calif. – Vice President Joe Biden said this week that the Obama administration “hit the accelerator” toward spending $5 billion under the economic stimulus law to weatherize people’s homes, create thousands of jobs, help consumers save money and put the nation …. Original article on Gaea Times at  : SPIN METER: Obama administration avoids mention of problems, delays in weatherization program.

India hopes for Blackberry solution by Aug 31

NEW DELHI – India Friday said the ongoing discussions with Blackberry maker Research in Motion (RIM) would result in a solution, satisfying the country’s security concerns.

“The discussions are still going on. We are not in the business of shutting down services,” Minister of State for Communications Sachin Pilot said on the sidelines of an e-governance [..] Read the original article: here.

Canadian rancher serves cattle red wine, making animals happy and giving meat unique taste

Canadian cattle enjoy red wine with their feed

VANCOUVER, British Columbia – Western Canadian beef producers have found a novel way of putting the “bar” in barbecue.
Angus cattle in British Columbia’s Okanagan wine and cattle region are being fed red wine with their grain. Chefs in this Canadian Pacific Coast province said it makes for a …. Source article  : Canadian rancher serves cattle red wine, making animals happy and giving meat unique taste.

Okla. agency approves $20M bond deal for expansion of Goodyear plant in Lawton

Okla. agency OKs $20M bond deal for Goodyear plant

OKLAHOMA CITY – An Oklahoma agency has approved a $20 million bond deal that will help pay for the expansion of the Goodyear tire-making plant in Lawton.
The Council of Bond Oversight on Thursday authorized the Oklahoma Development Finance Authority to issue $20 million in bonds for the …. Read the original article  : here.

Google opens new line to internet phone calls

SAN FRANCISCO – All the fuss about tweeting, texting, Facebook pokes and various other cutting-edge forms of communication can obscure the fact that old-fashioned telephone calls are still a pretty effective way of conveying information.

But the 560 million people who are registered users of internet phone pioneer Skype have never forgotten the value of talk, … Original article on : Google opens new line to internet phone calls.

Japan’s automakers report solid growth in global vehicle production for July

Japan automakers report solid production for July

TOKYO – Japanese automakers say they have posted solid growth in global vehicle production for July.
Toyota Motor Corp., the world’s biggest automaker, said Friday its worldwide production in July rose 10 percent year-on-year to 633,197 on brisk demand in Asia and South Africa.
Honda Motor Co. said global production in … Read more >>>.

More Chinese than Indians in Malaysia’s civil services

KUALA LUMPUR – Ethnic Indians in Malaysia hold just four percent of jobs in the civil services compared to six percent by Chinese who have doubled their presence since 2007.

The number of applications from Chinese Malaysians and their appointments in civil services rose by 100 percent last year compared to the figure in 2007, …. Original source  : More Chinese than Indians in Malaysia’s civil services.

Investors buy ING’s Canadian industrial properties for C$2 billion; ING sells majority stake

Investors pay C$2B for ING’s Canadian properties

AMSTERDAM – A pair of private equity investors will buy ING Summit Industrial Fund LP, a portfolio of light industrial properties in Canada, for 2 billion Canadian dollars, the Dutch bank ING Groep NV said Friday.
ING owns 50 percent of Summit outright, and 7.8 percent via an Australian fund …. Source article on Gaea Times at  : Investors buy ING’s Canadian industrial properties for C$2 billion; ING sells majority stake.

New video gives fullest picture yet of conditions for 33 men trapped in Chilean mine

New video gives tour of trapped miners’ refuge

COPIAPO, Chile – The first video released of the 33 men trapped deep in a Chilean cooper mine shows the men stripped to the waist and appearing slim but healthy, arm-in-arm, singing the national anthem and yelling “long live Chile, and long live the miners!”
Only about five minutes …. Read the original article  : New video gives fullest picture yet of conditions for 33 men trapped in Chilean mine.

4,000 trees in Patna zoo face the axe for airport safety

PATNA – Nature lovers are concerned over the Bihar government’s plans to cut or prune nearly 4,000 trees in the Patna zoo for airport safety, as they say it is the only green cover for the city’s two million people.

The zoo is formally known as the Sanjay Gandhi Biological Park and houses a variety …. Source article on Gaea Times at  : 4,000 trees in Patna zoo face the axe for airport safety.

Asian stock waver as investors await Bernanke’s speech amid recovery worries

Asian stocks mixed ahead of Bernanke’s speech

SHANGHAI – Asian markets wavered Friday as investors fretful over the pace of economic recovery awaited a speech later in the day by Federal Reserve Chairman Ben Bernanke, and the latest data on the state of the U.S. economy.
Global markets have been rattled in recent weeks by signs that … Read more »».

Jaipur Metro to dig deep in pockets of common man

JAIPUR – The Rajasthan government is set to introduce new taxes and other revenue measures to raise money for the Jaipur Metro, part of whose network will be operational in 2013, an official said here Saturday.

The work on the first phase of the Jaipur Metro Rail Project (JMRC), which is estimated to cost Rs.12.50 … Read more »».

Homes by Wright, Neutra, Schindler languish on market, as downturn hits even famous homes

Architectural gems languish on Calif. home market

LOS ANGELES – The home sale slump has left some dwellings designed by Frank Lloyd Wright and other architectural luminaries languishing on the Southern California market.
Marquee homes by Richard Neutra, Rudolph Schindler and others that once sold briskly to design aficionados for stratospheric prices are now selling at a … Read more >>>.

Chhattisgarh registers record growth rate

RAIPUR – Chhattisgarh registered the highest growth rate among all Indian states in the 2009-10 fiscal, a government statement here said Saturday.

“Chhattisgarh has left all other states behind and emerged as the top ranked state in fiscal year 2009-10 in terms of GDP (gross state domestic product) growth rate with 11.49 percent,” a state … Read this article on Gaea Times at : Chhattisgarh registers record growth rate.

Glenn Beck rally Saturday at Lincoln Memorial on anniversary of King’s ‘I Have a Dream’ speech

Glenn Beck calls for thousands at DC rally
WASHINGTON – Broadcaster Glenn Beck is calling on thousands to rally Saturday in the nation’s capital on the anniversary and at the same site of the Rev. Martin Luther King Jr.’s famous “I Have a Dream” speech. Civil rights leaders are protesting the event.
Beck, a Fox …. Original article  : Glenn Beck rally Saturday at Lincoln Memorial on anniversary of King’s ‘I Have a Dream’ speech.

Catching up with private insurers, Medicare expands coverage to help smokers kick the habit

Medicare expands coverage to help smokers quit
WASHINGTON – Even though they’ve lived with the health warnings much of their lives and doubtless seen the ill effects on friends, relatives and even themselves, about 4.5 million older Americans continue to smoke.
Finally, Medicare is catching up to most private insurers by providing counseling for any … Read more >>.

Microsoft co-founder Paul Allen sues Google, Apple, nine others for web patent breach

LONDON – The co-founder of Microsoft, billionaire Paul Allen, has sued 11 major web-based companies, including Apple, Google, Facebook, Yahoo, YouTube and eBay, alleging that they infringed on internet patents he owns.

According to The Telegraph, AOL, Netflix, Office Depot, OfficeMax, and Staples are the other companies accused of violating four patents said to cover …. Source article on Gaea Times at  : Microsoft co-founder Paul Allen sues Google, Apple, nine others for web patent breach.

Beck rally Saturday at Lincoln Memorial on anniversary of King’s ‘I Have a Dream’ speech

Beck calls for thousands at DC rally
WASHINGTON – Broadcaster Glenn Beck is calling on thousands to rally Saturday in the nation’s capital on the anniversary and at the same site of the Rev. Martin Luther King Jr.’s famous “I Have a Dream” speech. Civil rights leaders are protesting the event.
Beck, a … Original source on Gaea Times at : Beck rally Saturday at Lincoln Memorial on anniversary of King’s ‘I Have a Dream’ speech.

Catching up to private insurance, Medicare expands coverage for counseling to quit smoking

Will grandma ever quit smoking?
WASHINGTON – Even though they’ve lived with the health warnings much of their lives and doubtless seen the ill effects on friends, relatives and even themselves, about 4.5 million older Americans continue to smoke.
Finally, Medicare is catching up to most private insurers by providing counseling …. Source article on Gaea Times at  : Catching up to private insurance, Medicare expands coverage for counseling to quit smoking.

A new Cuba? Gov’t eases land laws in likely nod to golf; expands self-employment in farming

Cuba eases property laws, could open door to golf

HAVANA – Cuba has begun allowing foreign investors to lease government land for up to 99 years, a step toward a future that could be filled with golf courses ringed by luxury villas, beachfront timeshares and vacation homes for well-heeled tourists.
But while overseas developers are cheering, some … Original article on : A new Cuba? Gov’t eases land laws in likely nod to golf; expands self-employment in farming.

Bank Of America Online Banking Now Restored

NORTH CAROLINA (GaeaTimes.com)- One of the leading banks of the USA, Bank Of America faced the flak from the customers in various states as its online banking service became inaccessible yesterday for some time. As one can understand a lot of users across the USA have accounts in this bank and a majority of … Original source on Gaea Times at : Bank Of America Online Banking Now Restored.

Whither urban development? Bleak future stares at India’s cities (Comment)

A New Delhi newspaper reported last Thursday that local authorities received 117 complaints of waterlogging, five of falling trees and six of building collapses, in one of which a four-year-old boy was killed. A school bus carrying 35 children became so deeply “embedded” in a road that a crane had to be called in, but …. Source  : Gaea News Network.

JetBlue aircraft that blew out tires in hard landing at Calif. airport towed off runway

Jet that blew out tires in hard landing towed away

SACRAMENTO, Calif. – The JetBlue aircraft that blew out four tires during a hard landing at a Northern California airport Thursday has been towed off the runway.
Crews were able to remove the disabled Airbus A320 from the Sacramento International Airport runway Friday afternoon after using giant … Read more »».

Embattled airline Mexicana to stop flying

MEXICO CITY – Mexicana, Mexico’s largest airline by passengers carried, will halt all flights Saturday, Transportation Minister Juan Molinar Horcasitas announced in Mexico City.

The action was announced after Tenedora K, an investor group that has acquired most of the embattled carrier’s shares, announced that it was still seeking additional investors. The newspaper El Universal quoted …. Source article  : Embattled airline Mexicana to stop flying.

Nigerian native Masai Ujiri returns to Denver to lead Nuggets; top priority: keeping Melo

Nuggets hire Ujiri as new GM, and priority is Melo

DENVER – The Denver Nuggets have hired a man with global basketball experience to manage a team that’s in a world of hurt: two big men sidelined, a player under police investigation and its superstar’s signature missing from a contract extension.
Former Nuggets international scout Masai Ujiri, … Read the original article on Gaea Times at : Nigerian native Masai Ujiri returns to Denver to lead Nuggets; top priority: keeping Melo.

Architectural gems languish on Calif. housing market, as downturn hits storied structures

Marquee homes languish on Calif. housing market

LOS ANGELES – Southern California’s home-sale listings are beginning to resemble an index to the country’s most famous mid-20th-century architects, with more marquee properties languishing on the market as the well-heeled become increasingly reluctant to buy.
Homes by the likes of Frank Lloyd Wright, Richard Neutra and Rudolph Schindler that … Original article on : Architectural gems languish on Calif. housing market, as downturn hits storied structures.

Product recalls: cheese products, shell eggs

Product recalls: cheese products, shell eggs

The following recall has been announced:
-Queseria Chipilo of Passaic, N.J., is recalling certain packages of cheese products because they may be contaminated with Listeria monocytogenes. The organism can cause serious and sometimes fatal infections in young children, frail or elderly people, and in others with weakened immune systems. The company …. Original article on Gaea Times at  : Product recalls: cheese products, shell eggs.

Alaska Democratic gubernatorial nominee unveils plan for individuals to invest in gas pipeline

Candidate says Alaskans should invest in gas line
ANCHORAGE, Alaska – The state’s Democratic nominee for governor said Friday he wants to give residents the chance to invest in a proposed pipeline that could ship natural gas to Lower 48 states.
Ethan Berkowitz said he wants to create “Great Alaska Pipeline Inc.,” a private-public partnership …. Original article  : Alaska Democratic gubernatorial nominee unveils plan for individuals to invest in gas pipeline.

Chemical fumes affect 100 at MGM Grand pool in Las Vegas; at least 26 taken to 5 hospitals

100 affected by fumes at MGM Grand pool in Vegas

LAS VEGAS – High concentrations of a chemical similar to bleach seeped into a pool at the MGM Grand on the Las Vegas Strip on Friday, causing hotel officials to evacuate some 1,500 guests and sending at least 26 people to local hospitals with breathing problems.
Richard …. Source  : Chemical fumes affect 100 at MGM Grand pool in Las Vegas; at least 26 taken to 5 hospitals.

Deputy commissioner confirms new Kovalchuk deal submitted to NHL

NHL says Devils submit new Kovalchuk contract

NEW YORK – NHL deputy commissioner Bill Daly says the New Jersey Devils have submitted a new contract to the league for Russian star Ilya Kovalchuk.
The league has five days to approve or reject the deal, which media reports say amounts to $100 million over 15 years. A month …. Source article  : Deputy commissioner confirms new Kovalchuk deal submitted to NHL.

Democrats file complaint with IRS, accuse conservative group of tax code violations

Democrats file IRS complaint against outside group
WASHINGTON – The Democratic Party has filed a complaint with the Internal Revenue Service complaining that a conservative foundation spending millions of dollars on ads in election battleground states is violating its status as a tax-exempt organization.
The Democratic Congressional Campaign committee filed the complaint this week, …. Original article on Gaea Times at  : Democrats file complaint with IRS, accuse conservative group of tax code violations.

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.

World stock markets as Bernanke promises action, Japan central bank eases policy,

World markets rise as Bernanke promises action

BANGKOK – World markets advanced Monday, boosted by the Federal Reserve chief vowing to take action if the U.S. economy weakens further and Japan easing monetary policy to protect a shaky recovery.
The willingness of major central banks to take more action to prevent a slide back into recession reassured … Read more >>.

Pakistan to import 1 million cotton bales from India

ISLAMABAD – Pakistani spinners have finalised deals with Indian exporters for import of one million bales of cotton since cotton crop has been extensively damaged in the floods that ravaged the country.

Mohammad Akber, the vice-chairman of the All Pakistan Textile Mills Association (APTMA), said: “The spinners are scouring cotton growing countries for importing the …. Original article  : Pakistan to import 1 million cotton bales from India.

Congress mocks Chhattisgarh’s claim of record growth

RAIPUR – Congress leader Ajit Jogi Monday mocked the claim of the Bharatiya Janata Party’s (BJP) Chhattisgarh government that the state registered the highest growth rate among all Indian states in the 2009-10 fiscal.

“These are exaggerated claims. The fact is that only a few rich people have become richer during the BJP regime in …. Source article on Gaea Times at  : Congress mocks Chhattisgarh’s claim of record growth.

Japan eases monetary policy to revive faltering economy, counter strong yen

Japan eases policy to shore up weak economy

TOKYO – Japan’s central bank further eased monetary policy Monday in response to a strong yen and growing political pressure to revive a faltering economy.
The move comes as Prime Minister Naoto Kan prepares a new set of economic stimulus measures, expected later Monday after meeting with Bank of …. Source  : Japan eases monetary policy to revive faltering economy, counter strong yen.

Rare fruit growers with dreams of big discoveries meet in Calif. to swap seeds, share tips

Calif. rare fruit growers meet to swap seeds, tips

POMONA, Calif. – Persimmon grower Jim Bathgate handed out tiny yellow peaches to others at the California Rare Fruit Growers’ annual “Festival of Fruit” and watched with anticipation as they bit into the sweet and juicy flesh.
The fruit grew on a peach tree that sprouted accidentally in … Read the original article on Gaea Times at : Rare fruit growers with dreams of big discoveries meet in Calif. to swap seeds, share tips.

Decayed mining town gets 2nd life as place for Taiwanese tourists to pet its wandering cats

Cats are decayed Taiwanese mining town’s 2nd life

HOUTONG, Taiwan – A surfeit of cats is giving a second life to a decayed Taiwanese coal-mining town that last prospered in the 1970s.
Visitors’ raves on local blogs have helped draw dozens of cat lovers to fondle, frolic and photograph the 100 or so resident felines in Houtong, …. Read the original article  : Decayed mining town gets 2nd life as place for Taiwanese tourists to pet its wandering cats.

18 people died in Italy while picking mushrooms

LONDON – As many as 18 people died while picking mushrooms in Italy in little more than a week. The deaths took place after victims fell into crevasses and deep gorges.

A rich mushroom harvest in the Alpine valleys of northern Italy had led to people making a beeline for the woods and forests to look … Read : 18 people died in Italy while picking mushrooms.

China woos foreign professionals for state-run firms

BEIJING – China is looking for foreign professionals to fill vacant senior-level posts at its state-run companies, a media report said Monday.

Some 20 top posts are currently vacant. Positions are available for general managers, deputy general managers, chief accountants, president and vice presidents among others, China Daily reported, quoting the state-owned Assets Supervision and Administration …. Original source  : China woos foreign professionals for state-run firms.

In spotlight: Haryana’s land acquisition policy

CHANDIGARH – From Prime Minister Manmohan Singh to Congress leader Rahul Gandhi, everyone is talking about it. Haryana’s land acquisition policy is suddenly in the spotlight over three years after it was notified for the benefit of farmers whose lands were being acquired by the government for development.

It is now being studied as a benchmark … Read : In spotlight: Haryana’s land acquisition policy.

US economy growing, but not fast enough: Obama

WASHINGTON – US President Barack Obama says with the US economy growing, but not fast enough, he would “keep on pushing” to keep America’s fragile recovery from global downturn on track.

“The economy is still growing, but it’s not growing as fast as it needs to. I’ve got things right now in — before Congress that … Read more »».

Traumatized vets take potent drug to help them sleep, but questions loom about potential risks

Questions loom over drug given to sleepless vets

WASHINGTON – Andrew White returned from a nine-month tour in Iraq beset with signs of post-traumatic stress disorder: insomnia, nightmares, constant restlessness. Doctors tried to ease his symptoms using three psychiatric drugs, including a potent anti-pyschotic called Seroquel.
Thousands of soldiers suffering from PTSD have received the same medication …. Source  : Gaea News Network.

Oil hovers above $75 in Asia after Bernanke comments boost regional stock markets

Oil hovers above $75 as Asian stocks rally

SINGAPORE – Oil prices hovered above $75 a barrel Monday in Asia, buoyed by rallying global stock markets and improving investor sentiment.
Benchmark crude for October delivery was up 1 cent at $75.18 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The … Read more : Oil hovers above $75 in Asia after Bernanke comments boost regional stock markets.

Japan central bank eases monetary policy by expanding loan program as recovery falters

Japan central bank eases policy as economy falters

TOKYO – Japan’s central bank further eased monetary policy Monday in response to a strong yen and growing political pressure to take action on a faltering economic recovery.
The 8-1 decision came during an emergency board meeting called by Bank of Japan Gov. Masaaki Shirakawa. The board voted unanimously … Read : Japan central bank eases monetary policy by expanding loan program as recovery falters.

Money Market Operations as on August 27, 2010

… Read : Money Market Operations as on August 27, 2010.

Asian stock markets climb as Japan central bank calls unscheduled meeting, eases policy

Asian shares rise as Japan eases monetary policy

BANGKOK – Asian markets advanced Monday, boosted by Japan easing monetary policy to protect a shaky recovery and the Federal Reserve vowing to take action if the U.S. economy weakens further.
The willingness of major central banks to take more action to prevent a slide back into recession reassured …. Source  : Asian stock markets climb as Japan central bank calls unscheduled meeting, eases policy.

Person familiar with situation: Manny Ramirez expected to join White Sox on Monday

AP source: Ramirez expected to join White Sox

CHICAGO – Manny Ramirez helped the Boston Red Sox win the World Series in 2004 and 2007. He powered the Los Angeles Dodgers to the NL West title two years ago with a stellar run at the plate.
The Chicago White Sox are hoping he has one more playoff … Read this article on Gaea Times at : Person familiar with situation: Manny Ramirez expected to join White Sox on Monday.

Russia opens crude oil pipeline from Siberia to China; expanding energy ties

China-Russia crude oil pipeline begins operations
SHANGHAI – Russia has opened its section of a crude oil pipeline from eastern Siberia to China, a major step in expanding energy cooperation between the neighboring powers.
The 1,000-kilometer (625-mile) pipeline will connect Russian oil fields with Daqing, a major oil production base in northeastern China.
“For China, this … Read more »»».

‘Mad Men,”‘Modern Family’ win top Emmy series awards

‘Mad Men,’ ‘Modern Family’ win top Emmy Awards

LOS ANGELES – The darkly intimate 1960s-era drama “Mad Men” and the comedy romp “Modern Family” were the top honorees at Sunday’s Emmy Awards as American life past and present proved a winning formula.
“To our fans, we are so grateful, we are so thrilled that families are sitting [..] Read the original article: here.

‘Mad Men’ wins third consecutive best drama series Emmy Award

‘Mad Men’ honored as best drama series at Emmys

LOS ANGELES – “Mad Men” is winner of a third consecutive Emmy Award as best drama series.
The drama is set in the advertising world in a changing 1960s America.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.
LOS ANGELES (AP) …. Read the original article  : ‘Mad Men’ wins third consecutive best drama series Emmy Award.

Asian stock markets climb as Japan central bank calls unscheduled meeting

Asian shares rise; Central bank hopes power Nikkei

TOKYO – Asian stock markets advanced in early trading Monday, with Japan’s benchmark jumping more than 3 percent after the central bank called an emergency policy board meeting.
The Nikkei 225 stock average surged 3.2 percent to 9,275.44 on hopes that the Bank of Japan would ease monetary policy …. Source article  : Asian stock markets climb as Japan central bank calls unscheduled meeting.

Spectre of further price rise angers opposition in Assam

GUWAHATI – An apex trade body in Assam has announced that prices of all essentials would shoot up by another 10 percent with immediate effect, triggering angry criticism of the ruling Congress by the opposition parties Tuesday.

The Kamrup Chamber of Commerce (KCC) said the wholesale prices of all essentials were expected to go up by …. Read the original article  : Spectre of further price rise angers opposition in Assam.

BHEL-NTPC Project On Way

TIRUPATI, INDIA (GaeaTimes.com)- On September 1 the prime minister of India Manmohan Singh is slated to reach Tirupati for laying the foundation stone of the much anticipated NTPC-BHEL power plant manufacturing project adjacent to Srikalahasthi. The Prime minister is also scheduled to attend the foundation stone laying ceremony of the Tirupati international airport. K … Read the original article on Gaea Times at : BHEL-NTPC Project On Way.

New India-Swiss pact not to recover black money: Pranab

NEW DELHI – Finance MInister Pranab Mukherjee Tuesday clarified that the revised Double Taxation Avoidance Agreement India signed with Switzerland will not help the country in getting back the black money stashed away by Indians in secret Swiss bank accounts.

“I would like to make it quite clear that as far as Swiss laws are …. Original article on Gaea Times at  : New India-Swiss pact not to recover black money: Pranab.

Japan Airlines outlines restructuring plans, including big job cuts, dropping some routes

JAL to slash workforce as part of restructuring

TOKYO – Japan Airlines outlined restructuring plans Tuesday that include cutting 30 percent of its global workforce and additional financing to keep flying after filing for bankruptcy protection in January.
Japan Airlines Corp. submitted the plans to the Tokyo District Court, the company said in a statement. The plans, …. Original article  : Japan Airlines outlines restructuring plans, including big job cuts, dropping some routes.

Japan Airlines outlines restructuring plans, including big job cuts, dropping some routes

JAL to slash workforce as part of restructuring

TOKYO – Japan Airlines outlined restructuring plans Tuesday that include cutting 30 percent of its global workforce and additional financing to keep flying after filing for bankruptcy protection in January.
Japan Airlines Corp. submitted the plans to the Tokyo District Court, the company said in a statement. The plans, … Read more »».

Government may incentivise use of “smart” metres

NEW DELHI – The government is likely to incentivise the use of smart metres at homes, enabling users to monitor their power consumptions in real time and save on electricity bills by over 15 percent, officials said.

A smart metre is a device that uses smart grid technology, which integrates power generators and consumers to …. Source  : Government may incentivise use of “smart” metres.

Bangladesh’s exports to India go up

DHAKA – Bangladesh registered a ten percent rise in its exports to India, a latest report shows.

Exports to the largest neighbour India were $302 million in 2009-10 when better trade ties were discussed at the level of the prime ministers in January.
Exports to other neighbours barely account for 2.7 percent of the total, …. Source  : Bangladesh’s exports to India go up.

HSBC exits US auto finance market, sells business to Spain’s Santander for $3.6 billion

HSBC sells US auto finance units to Santander

LONDON – British bank HSBC Holdings PLC said Tuesday it has sold its last U.S. auto finance businesses to Spain’s Santander for about $3.56 billion in cash, completing its exit from a market that cost it billions during the financial crisis.
On top of the payment, the Santander Consumer …. Read the original article  : HSBC exits US auto finance market, sells business to Spain’s Santander for $3.6 billion.

Large marijuana farm proposed for idyllic Colo. countryside angers residents

Proposed pot farm on countryside angers residents

LONGMONT, Colo. – The investor saw potential in the scrubby 67 acres tucked away amid multimillion dollar homes: He would turn the land into a vast pot farm and capitalize on the booming medical marijuana industry.
But Scott Mullner, a city councilman from Laramie, Wyo., infuriated his Colorado neighbors with … Read the original article on Gaea Times at : Large marijuana farm proposed for idyllic Colo. countryside angers residents.

Nuclear industry takes new path for proposed power plants, hopes to learn from past problems

Nuclear industry takes new path for new plants

ATLANTA – Power utilities are trying to buy the next wave of nuclear reactors much like a consumer buys a light bulb: right off the shelf.
A tough economy and the aftermath of the Three Mile Island accident stalled nuclear expansion a generation ago. Now, company executives want to … Read more : Nuclear industry takes new path for proposed power plants, hopes to learn from past problems.

West Bengal announces further diesel subsidy of Re.1

KOLKATA – In a bid to deter transport operators from demanding a fare hike, the West Bengal government Monday declared a further subsidy of Re.1 on a litre of diesel meant for buses, mini buses and taxis, taking the total subsidy to Rs 2 per litre. However, transport operators said the concession was not enough.

Making …. Read the original article  : West Bengal announces further diesel subsidy of Re.1.

India’s economy grows by 8.8 percent in April-June quarter

NEW DELHI – The Indian economy grew at a faster rate of 8.8 percent in the first quarter of current fiscal as strong domestic demand resulted in a spurt of manufacturing activity, official data released Tuesday showed.

The country’s gross domestic product (GDP) had risen 6 percent in the year-ago period.
During the three months under …. Source  : Gaea News Network.

Analysts say US is expected to find that China unfairly helped its aluminum industry

US finding expected on Chinese aluminum exports

WASHINGTON – Analysts say the Obama administration, under congressional pressure to take a tough stance on Chinese trade policies, is expected to declare that China unfairly helped its aluminum industry.
The finding, which could spark higher import duties, was anticipated Tuesday as the White House attempts to strike a delicate … Original source on Gaea Times at : Analysts say US is expected to find that China unfairly helped its aluminum industry.

AP-GfK Poll: Voters with strongest views on economy, other issues tilt toward GOP

AP-GfK Poll: Most attuned voters tilt toward GOP
WASHINGTON – Americans with the strongest opinions about the country’s most divisive issues are largely unhappy with how President Barack Obama is handling them, an ominous sign for Democrats hoping to retain control of Congress in the fall elections.
In nine of 15 issues examined in an …. Source article on Gaea Times at  : AP-GfK Poll: Voters with strongest views on economy, other issues tilt toward GOP.

India’s economy grew 8.8 percent in the June quarter, fastest pace in over 2 years

India’s economy grew 8.8 percent in June quarter

MUMBAI, India – India’s economy grew 8.8 percent in the June quarter, its fastest pace in over two years, as good farm and manufacturing output lifted growth back to its pre-crisis trajectory.
Economic doldrums this time last year helped bolster growth rates, which economists say will begin to ease … Read more : India’s economy grew 8.8 percent in the June quarter, fastest pace in over 2 years.

US economy worries, stronger yen drag Asian stock markets lower; Nikkei down 3.1 percent

Asian stocks retreat as Nikkei slides 3.1 percent

BANGKOK – Asian markets sank Tuesday as a strong yen pummeled Japanese shares and pessimism about the U.S. economy intensified.
The losses in Asia came after Wall Street declined on more signs of slowing economic growth that got investors worried ahead of a key report on jobs later this … Read more : US economy worries, stronger yen drag Asian stock markets lower; Nikkei down 3.1 percent.

Man sues Chinese city officials for alleged HIV discrimination, report says

HIV discrimination case filed in China
BEIJING – A municipal court in central China has accepted the country’s first lawsuit alleging work discrimination because of HIV status, state media reported Tuesday.

The China Daily newspaper said a court in Anhui province’s Anqing city accepted the case Monday. The plaintiff, who was not identified by name, alleges that … Read more : Man sues Chinese city officials for alleged HIV discrimination, report says.

US move to ease dual technology export control

WASHINGTON – In a move that may benefit India, the United States plans to ease restrictions on selling products with military applications to foreign buyers as part of a restructuring of US export rules.

Aimed at boosting American competitiveness in the technology and manufacturing sectors and strengthen national security, President Barack Obama will announce the changes, [..] Read the original article: here.

Japan industrial production climbs for first time in 2 months in July

Japan factory output rises 0.3 percent in July

TOKYO – Japan’s factory output unexpectedly rose in July for the first time in two months as companies bolstered production of machinery, chemicals and paper despite signs of a slowing global economy.
Factory production climbed 0.3 percent from June, according to the Ministry of Economy, Trade and Industry’s monthly …. Original source  : Japan industrial production climbs for first time in 2 months in July.

Oil falls below $74 a barrel as Asian markets follow US stocks down

Oil falls below $74 as global stock markets slump

SINGAPORE – Oil prices fell below $74 a barrel Tuesday in Asia, extending losses from the previous session as global stock markets slump after a disappointing U.S. consumer spending number.
Benchmark crude for October delivery was down $1.13 to $73.57 a barrel at late afternoon Singapore time in … Original source on Gaea Times at : Oil falls below $74 a barrel as Asian markets follow US stocks down.