Saturday, September 04, 2010

Business News – Newsletter for September 4, 2010

Saturday, September 4, 2010


British women world’s ugliest tourists

LONDON – British women have been named the world’s ugliest tourists, “rude” in behaviour and “ending up drunk in the gutter”.

Women from the country are known across the world for their bad behaviour, poor dress sense and drinking habits when on holiday, the Daily Express reported Saturday.
They “shamelessly break wind” and belch while lying …. Source  : British women world’s ugliest tourists.

Blackwater created shell firms to win contracts, says NYT

WASHINGTON – Private security firm Blackwater Worldwide created over 30 shell companies in an attempt to secure millions of dollars in US government contracts, The New York Times reported Saturday.

Blackwater, which is now known as XE Services, formed these companies after coming under harsh scrutiny for its conduct in Iraq, the report said, citing investigators …. Source article  : Blackwater created shell firms to win contracts, says NYT.

US loses 54,000 jobs, Obama promises new package

WASHINGTON – As the US lost 54,000 jobs last month, President Barack Obama promised a new package of ideas next week on job creation and lashed out at Republicans for blocking a legislation to help small business.

Obama’s renewed criticism of opposition Republicans came in the wake of Friday’s release of new unemployment figures showing [..] Read the original article: here.

Product Recalls: egg noodles, shell eggs and Hartz Mountain dog treats

Product Recalls: egg noodles, eggs, dog treats

The following recalls have been announced:
-Real Taste Noodle Manufacture of Chicago is recalling 5-pound bags of egg noodles, because they have the potential to be contaminated with salmonella, an organism that can cause serious and sometimes fatal infections in young children, frail or elderly people and others with weakened … Read more >>>.

Small tea growers usher in winds of change in Assam

TINSUKIA – A green revolution is sweeping Assam, empowering many people for the first time and rejuvenating the state’s economy. Small tea gardens now dot the landscape as more and more people turn their backyards into mini tea plantations.

It does not really matter if you have a small patch of vegetable garden to spare …. Original article on Gaea Times at  : Small tea growers usher in winds of change in Assam.

Official says foreign minister offers to resign over nepotism scandal

SKorean foreign minister in scandal offers to quit
SEOUL, South Korea – South Korean Foreign Minister Yu Myung-hwan has offered to resign amid accusations of nepotism, an official said Saturday.
Yu made his offer to President Lee Myung-bak after he came under fire when his ministry hired his daughter for midlevel post handling free trade …. Source article on Gaea Times at  : Official says foreign minister offers to resign over nepotism scandal.

South Korean news agency says foreign minister offers to resign over nepotism scandal

SKorean foreign minister offers to resign
SEOUL, South Korea – A news report says South Korean Foreign Minister Yu Myung-hwan has offered to resign over his ministry’s controversial hiring of his daughter.
Yonhap news agency reported Saturday that Yu made his offer to President Lee Myung-bak through presidential chief of staff after he …. Original source  : South Korean news agency says foreign minister offers to resign over nepotism scandal.

Report: Blackwater created 30 shell companies to get gov’t work after Iraq shootings

Report: Blackwater created shell companies

WASHINGTON – The security company Blackwater Worldwide formed a network of 30 shell companies and subsidiaries to try to get millions of dollars in government business after the company faced strong criticism for reckless conduct in Iraq, The New York Times reported Friday.
The newspaper said that it was unclear how many …. Read the original article  : here.

Ilya Kovalchuk is officially a Devil again after NHL approves revised $100M, 15-year deal

Kovalchuk’s new $100M Devils deal approved by NHL

NEWARK, N.J. – The NHL has signed off on Ilya Kovalchuk’s latest contract with the New Jersey Devils.
Five weeks after rejecting the Russian’s landmark 17-year, $102 million contract with the Devils, the league approved a revised 15-year, $100 million deal on Friday after reaching an agreement with the … Read the original article on Gaea Times at : Ilya Kovalchuk is officially a Devil again after NHL approves revised $100M, 15-year deal.

Court reverses verdict in $926 million contamination lawsuit against Rocky Flats contractors

Court throws out $926 million Rocky Flats award

DENVER – A federal appeals court has thrown out a jury verdict and a $926 million award to thousands of Colorado homeowners in a lawsuit involving plutonium contamination from a now-defunct nuclear weapons plant.
A three-judge panel of the 10th U.S. Circuit Court of Appeals in Denver ruled Friday … Read : Court reverses verdict in $926 million contamination lawsuit against Rocky Flats contractors.

Calif. Assembly limits media recording of legislative sessions, then suspends rule amid outcry

Calif. Assembly limits media recording of sessions

SACRAMENTO, Calif. – The California Assembly this week began enforcing a long-forgotten rule that constrains media coverage of legislative debates by prohibiting audio or video recorders without permission.
The rule requires reporters, television stations and even lawmakers themselves to receive advance permission from the Assembly speaker’s office before recording Assembly [..] Read the original article: here.

Product Recalls: egg noodles, shell eggs

Product Recalls: egg noodles, shell eggs
The following recalls have been announced:

-Real Taste Noodle Manufacture of Chicago is recalling 5-pound bags of egg noodles, because they have the potential to be contaminated with salmonella, an organism that can cause serious and sometimes fatal infections in young children, frail or elderly people and others with weakened immune …. Read the original article  : Product Recalls: egg noodles, shell eggs.

Delta August traffic up 1.1 percent as international gain weighed by domestic decline

Delta Air Lines traffic up 1.1 percent in August

ATLANTA – Delta Air Lines Inc., the world’s largest airline, said Friday its traffic in August inched 1.1 percent higher as a continued international uptick was balanced by a domestic decline.
Systemwide traffic rose to 18.94 billion revenue passenger miles, a metric that measures a paying passenger flown …. Source  : Delta August traffic up 1.1 percent as international gain weighed by domestic decline.

American Airlines says August traffic rose 3.1 percent on gains along Latin American routes

American Airlines says August traffic rose 3.1 pct

FORT WORTH, Texas – American Airlines said Friday that its August traffic rose 3.1 percent from a year ago thanks to a healthy gain in international travel.
Domestic traffic inched higher by 0.6 percent while international traffic increased 7.1 percent. Latin America traffic rose 9 percent.
AMR Corp.’s American said …. Source article  : American Airlines says August traffic rose 3.1 percent on gains along Latin American routes.

Harley, union agree on labor proposal that could help keep production operations in Wis.

Harley, union reach proposed labor agreement

MILWAUKEE – Harley-Davidson Motor Co. and its union leaders reached a proposed labor agreement on Friday that could keep manufacturing operations and hundreds of jobs in Wisconsin.
The proposal still needs to be ratified by union workers and approved by the motorcycle company’s board. Workers are expected to vote on the …. Source article on Gaea Times at  : Harley, union agree on labor proposal that could help keep production operations in Wis..

American Airlines’ regional affiliate American Eagle says August traffic soared 13.8 percent

American Eagle says August traffic soared 13.8 pct

FORT WORTH, Texas – American Eagle, which operates regional flights for American Airlines, said Friday that August traffic soared 13.8 percent higher compared with a year ago.
That sharply beat the 3.1 percent traffic increase on American.
Eagle said paying passengers flew 776 million miles last month, compared with 682.2 …. Original article on Gaea Times at  : American Airlines’ regional affiliate American Eagle says August traffic soared 13.8 percent.

Most illegal immigrants who give birth in US have lived here at least 5 years

‘Birth tourism’ a tiny portion of immigrant babies

SAN JUAN, Texas – When Ruth Garcia’s twins are born in two months, they’ll have all the rights of U.S. citizens. They and their six brothers and sisters will be able to vote, apply for federal student loans and even run for president.
Garcia is an illegal immigrant who …. Original article on Gaea Times at  : Most illegal immigrants who give birth in US have lived here at least 5 years.

Despite some hiring, nation’s unemployment rate seems frozen at more than 9 percent

Despite hiring, US unemployment rate seems frozen
WASHINGTON – Unemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people looking for work.
Private employers added a net total of 67,000 jobs in … Read this article on Gaea Times at : Despite some hiring, nation’s unemployment rate seems frozen at more than 9 percent.

Summary Box: Unemployment rate rises to 9.6 percent as private hiring stays weak

Summary Box: Unemployment rate rises to 9.6 pct

UNEMPLOYMENT RISES: The unemployment rate rose to 9.6 percent in August from 9.5 percent, as the nation lost 54,000 jobs. Private employers added a net total of 67,000 workers, but 114,000 temporary census jobs ended.
9 PERCENT PLUS: Job creation by private companies is too weak to reduce the … Read more >>.

Summary Box: Bonds sink again as economic outlook improves

Summary Box: Jobs data sends Treasury prices down

BETTER JOBS: Bonds fell again after the Labor Department’s employment report for August was better than analysts had expected.
SLIGHTLY MORE HIRING: Private employers added 67,000 jobs last month, more than expected but still a far cry from the 150,000 that economist see as a sign of a healthy …. Read the original article  : Summary Box: Bonds sink again as economic outlook improves.

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