Business News – Weekly Newsletter for September 1-6, 2010
Monday, September 6, 2010
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.
World stocks advance amid strong Australian GDP, rise in Chinese manufacturing
World stocks rise on China, Australia economy news
\SEOUL, South Korea – World stock markets mostly gained Wednesday after Chinese manufacturing growth picked up and Australia’s economy expanded at its fastest pace in three years.
The two indicators are a break from a stream of weak economic readings from the U.S. to Japan that sent stock markets … Read more : World stocks advance amid strong Australian GDP, rise in Chinese manufacturing.
Trade body deplores campaign against Indian JVs in Nepal
KATHMANDU – With a section of Nepal’s media keeping up a smear campaign against Indian joint ventures in Nepal and distorting the Indian government’s concern, the Nepal-India Chamber of Commerce and Industry (NICCI) Wednesday expressed concern, asking for a halt to the “(vitiating of) the economic environment”.
Issuing a statement, NICCI said the controversy about some … Read the original article on Gaea Times at : Trade body deplores campaign against Indian JVs in Nepal.
Vivendi says Q2 net income fell 3.5 pct but raises full-year outlook on future releases
Vivendi raises outlook despite dip in net profit
PARIS – French media company Vivendi SA said Wednesday that net income fell 3.5 percent in the second quarter due to fewer music releases from artists like Eminem and Lady Gaga, but it raised its full-year outlook as it expects strong results from video games and mobile services …. Source article on Gaea Times at : Vivendi says Q2 net income fell 3.5 pct but raises full-year outlook on future releases.
TVS Motors logs 34 percent sales growth in August
CHENNAI – City-based TVS Motor Company closed August with a 34 percent sales growth as compared to the previous year’s corresponding period.
Logging growth in all the three segments- motor cycles, scooters and three wheelers, the company sold 170,735 units last month up from 127,875 units sold in August 2009.
TVS Motor sold 167,109 two wheelers … Read this article on Gaea Times at : TVS Motors logs 34 percent sales growth in August.
Stone-throwing protesters march against high prices in Mozambique
Angry over prices, protesters march in Mozambique
MAPUTO, Mozambique – Protesters angry with rising prices in impoverished Mozambique threw stones, burned tires and ransacked shops in the capital Wednesday, and police responded by firing shots into the air.
Police had declared the marches illegal, saying no group had sought permission despite days of rumors there would be … Original source on Gaea Times at : Stone-throwing protesters march against high prices in Mozambique.
Nissan Motor sells 1,249 cars in August
CHENNAI – Nissan Motor India has closed August selling 1,249 cars, up from 22 units sold during the same month last year.
Bulk of the August month’s sales- 1,182 units- is accounted by the company’s new small car Micra, while other models like Teana, X-trail and 370Z accounted for 21, 44 and 2 respectively.
Nissan Motor … Original article on : Nissan Motor sells 1,249 cars in August.
PM lays foundation of NTPC-BHEL power equipment plant
HYDERABAD – Prime Minister Manmohan Singh Wednesday laid the foundation stone for the NTPC-BHEL joint venture power equipment manufacturing plant at Mannavaram village near Srikalahasthi in Chittoor district of Andhra Pradesh.
Addressing a gathering on the occasion, the prime minister said the project with an investment of Rs.6,000 crore would provide direct employment to about 6,000 …. Original source : PM lays foundation of NTPC-BHEL power equipment plant.
Sensex up 116 points in noon trade
MUMBAI – A benchmark index for Indian equities Wednesday was ruling 121 points higher in noon trade, joining other rebounding Asian bourses. Metals and realty stocks were in the forefront of buying activity.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,027.12 points, was trading in noon trade at 18,087.72 … Original article on : Sensex up 116 points in noon trade.
Tony Blair’s memoir hits stores: Ex-leader says he cried for victims of Iraq war
“Tony Blair: I cried for Iraq war victims”
LONDON – Tony Blair’s long-awaited memoir says the former British prime minister doesn’t regret the Iraq war – although he wept for the victims – and carries revelations about the politician’s alcohol use, his interactions with the queen and his testy relationship with his successor.
Tony Blair’s …. Original article on Gaea Times at : Tony Blair’s memoir hits stores: Ex-leader says he cried for victims of Iraq war.
Orissa irrigation project gets initial forest clearance
NEW DELHI – The environment ministry has accorded initial forest clearance to the Brutanga irrigation project in Orissa, clearing the way for diversion of over 1,527 hectares of forest land across a tributary of Mahanadi river.
The project in Nayagarh district was given Stage I forest clearance by the forest advisory committee (FAC) at its meeting … Read : Orissa irrigation project gets initial forest clearance.
No butter cows in Detroit: Michigan ends summer without state fair for 1st time in 160 years
Tradition ends: No Michigan state fair this year
DETROIT – Rabbit breeder Rob Usakowski typically spends the week before Labor Day helping his daughters show their Jersey Woolies and Holland Lops at the Michigan State Fair.
This year, he and his family are home after Democratic Gov. Jennifer Granholm canceled the fair, saying debt-ridden Michigan could no …. Original article : No butter cows in Detroit: Michigan ends summer without state fair for 1st time in 160 years.
Calif. lawmakers reject ban on plastic shopping bags, which critics say are major pollutant
Calif. rejects ban on plastic shopping bags
SACRAMENTO, Calif. – California lawmakers have rejected a bill seeking to ban plastic shopping bags after a contentious debate over whether the state was going too far in trying to regulate personal choice.
The Democratic bill, which failed late Tuesday, would have been the first statewide ban, although a few … Read more »»».
Race promoters reveal first details of Austin track to host revived US Grand Prix
Race promoters reveal 1st details of Austin track
AUSTIN, Texas – Promising a fast track with sight lines that will let spectators watch most of the race from wherever they sit, the promoter for the revival of the U.S. Grand Prix said the proposed course is 3.4 miles long with 20 turns and elevations up to … Read more »»».
Calif. lawmakers approve bills to prevent high salaries, pension scandals in state’s cities
Calif. passes bills responding to city pay scandal
SACRAMENTO, Calif. – California lawmakers have approved more bills to rein in excessive salaries and pensions of public employees.
Three bills passed their final legislative hurdle Tuesday in the Assembly and now head to Gov. Arnold Schwarzenegger.
One bill would cap salary figures used to determine pension benefits of city …. Original article on Gaea Times at : Calif. lawmakers approve bills to prevent high salaries, pension scandals in state’s cities.
Now China launches ’super online banking’
BEIJING – China’s central bank has started a “super online banking system” that would allow customers to access any number of accounts through a single website.
The People’s Bank of China has started an “online payment inter-bank clearing system”, which supports real-time inter-bank transfers and inter-bank balance inquiries, China Daily reported.
The banking system links online … Read more : Now China launches ’super online banking’.
Tourism industry hopes for best as tar invades Goa beaches
PANAJI – The tourism industry in Goa has its fingers crossed for the forthcoming season as wave after wave of messy tar balls have begun invading the state’s beaches, covering the coastline in semi-solid, smudgy layers of dark slime.
Travel and Tourism Association of Goa (TTAG) president Gaurish Dhond has appealed to the media to …. Source : Gaea News Network.
Asian stocks advance amid strong Australian GDP, rise in Chinese manufacturing
Asia shares rise on China, Australia economic news
SEOUL, South Korea – Asian stock markets gained Wednesday after Australia’s economy expanded at its fastest pace in three years and Chinese manufacturing growth picked up for the first time in four months.
The two indicators are a break from a stream of weak economic readings from the U.S. …. Read the original article : Asian stocks advance amid strong Australian GDP, rise in Chinese manufacturing.
China imposes 5-year anti-subsidy duties on US chicken amid trade spats with Washington
China imposes anti-subsidy duties on US chicken
BEIJING – China has imposed anti-subsidy duties for five years on imports of U.S. chicken products after concluding producers received improper support, the Commerce Ministry said Wednesday amid a string of trade spats with Washington.
Importers must pay tariff rates ranging from 4 percent to 30.3 percent on U.S. broiler … Original source on Gaea Times at : China imposes 5-year anti-subsidy duties on US chicken amid trade spats with Washington.
Retail data: Americans spent a bit more this August than last, but back-to-school numbers weak
Retail data: Americans still cautious in August
NEW YORK – Not even skinny jeans for $20 are pulling Americans into stores.
Nervous about jobs and an unraveling economy, shoppers spent – at best – only slightly more this August than last, according to data released Wednesday by MasterCard’s SpendingPulse.
The figures confirm a flurry of anecdotal evidence that … Read : Retail data: Americans spent a bit more this August than last, but back-to-school numbers weak.
Oil rises slightly to above $72 in Asia after big drop on signs US crude demand remains weak
Oil creeps above $72 after big fall on weak demand
SINGAPORE – Oil prices rose slightly to above $72 a barrel Wednesday in Asia after a steep drop the previous day amid evidence that U.S. crude supplies remain high and demand weak.
Benchmark crude for October delivery was up 34 cents to $72.26 a barrel at midday … Read the original article on Gaea Times at : Oil rises slightly to above $72 in Asia after big drop on signs US crude demand remains weak.
McCourt has troubles remembering details surrounding Dodgers purchase, postnuptial agreement
McCourt’s memory fuzzy at divorce trial
LOS ANGELES – Frank McCourt had trouble recalling some details involving his purchase of a professional baseball team, but he was certain of one thing: he’s the sole owner.
On Wednesday, the 57-year-old Los Angeles Dodgers executive couldn’t recall at his divorce trial if he had reviewed a business plan submitted … Read the original article on Gaea Times at : McCourt has troubles remembering details surrounding Dodgers purchase, postnuptial agreement.
Boxer, Fiorina attack record in Congress, HP in first California US Senate debate
Economy tops 1st Boxer, Fiorina Senate debate
MORAGA, Calif. – After a summer of firing campaign shots from afar, Democratic Sen. Barbara Boxer and Republican challenger Carly Fiorina met on the same stage for the first time Wednesday over who best represents California’s economic interests for the next six years.
During the hourlong debate in which both … Read : Boxer, Fiorina attack record in Congress, HP in first California US Senate debate.
Asian stock markets cheer Wall Street gains, encouraging US manufacturing data; Europe falls
Asia stocks gain on brighter US data, Europe falls
SEOUL, South Korea – Asian stock markets rose Thursday as investors hungry for good news seized on stronger U.S. manufacturing as a sign the world economy isn’t slowing as much as feared. European shares opened lower.
The second day of gains in Asia follows a month of heavy [..] Read the original article: here.
Alaska loses long-held Senate seniority that brought billions of dollars to state
Senate upset erases Alaska seniority
ANCHORAGE, Alaska – The defeat of Republican U.S. Sen. Lisa Murkowski by an upstart fiscal conservative in Alaska’s GOP primary could mark a significant shift for a state that has so long relied on federal pork to survive. The outcome was also an unexpected blow to the seniority Alaska …. Source article : Alaska loses long-held Senate seniority that brought billions of dollars to state.
LIC Pension Plus Plan Unveiled
DELHI, INDIA (GaeaTimes.com)- The biggest state owned insurance company of India LIC has unveiled its plan to come up with a new unit-linked pension scheme that includes a lowest guaranteed return equaling 4.5 percent. The company has named the new plan Pension Plus. T S Ramakrishnan the Senior Divisional Manager of the Delhi zone …. Source article on Gaea Times at : LIC Pension Plus Plan Unveiled.
Famous Hyderabadi Haleem set to get GI tag
HYDERABAD – Hyderabad is famous for the Charminar, Salarjung Museum, Biryani and IT companies — and the Hyderabadi Haleem is now all set to join the vaunted list.
The famous and nutritious dish available here during the Muslim holy month of Ramadan will soon get the Hyderabadi tag akin to Darjeeling Tea, Banarasi Silk and Tirupati … Read this article on Gaea Times at : Famous Hyderabadi Haleem set to get GI tag.
Thai Indian entrepreneur’s wealth soars by 252 percent
SINGAPORE – The ongoing political turmoil in Thailand has apparently not prevented the kingdom’s richest people from getting richer.The biggest gainer in percentage terms is longtime Thai Indian resident Aloke Lohia. His wealth soared by 252 percent when he …. Read the original article : Thai Indian entrepreneur’s wealth soars by 252 percent.
India in second place in Forbes Asia’s “Best Under A Billion” list
SINGAPORE – Indian animated movie maker Compact Disc India and software company Micro Technologies continue to members of Forbes Asia’s “Best Under A Billion” list, even as 151 new companies have made their maiden appearance on the list this year.
This year, China and Hong … Read the original article on Gaea Times at : India in second place in Forbes Asia’s “Best Under A Billion” list.
IndiaFirst Life to expand distribution reach
CHENNAI – IndiaFirst Life Insurance, a three-way joint venture of Andhra Bank, Bank of Baroda and British financial institution Legal and General, will open 12 new branches to sell its insurance plans.
“We have been selling policies only through the branches of our promoter banks – Bank of Baroda and Andhra Bank. We will be …. Source article : IndiaFirst Life to expand distribution reach.
Oil hovers below $74 in Asia as stocks rally amid encouraging global economic data
Oil hovers below $74 as Asian stocks gain
SINGAPORE – Oil prices hovered below $74 a barrel Thursday in Asia, consolidating a big gain the day before as an Asian and U.S. stock market rally buoyed investor confidence.
Benchmark crude for October delivery was down 4 cents to $73.87 a barrel at late afternoon Singapore time in …. Original source : Oil hovers below $74 in Asia as stocks rally amid encouraging global economic data.
Swiss economy grew 0.9 percent in second quarter; domestic demand made up for export slump
Swiss economy grew 0.9 percent in second quarter
GENEVA – Official figures show that Switzerland’s economy grew by 0.9 percent in the second quarter compared with the first three months of the year, largely on the back of higher domestic demand and corporate investments.
The State Secretariat for Economic Affairs says Switzerland’s gross domestic product was 3.4 … Read more : Swiss economy grew 0.9 percent in second quarter; domestic demand made up for export slump.
Swedish Riksbank hikes key interest rate to 0.75 percent and raises 2010 growth forecast
Swedish Riksbank hikes interest rate to 0.75 pct
STOCKHOLM – The Swedish central bank has raised its key interest rate by a quarter of a percentage point to 0.75 percent, citing the pickup in exports and an improved labor market.
The Riksbank on Thursday said the rapid increase in world trade has boosted Swedish exports and investments, [..] Read the original article: here.
ECB set to leave interest rates on hold, but may raise economic projections
ECB may raise projections, but not rates
BERLIN – The European Central Bank is set to leave interest rates untouched at 1 percent as it meets Thursday amid a still-uncertain global economic outlook, but may raise its 2010 growth projection for the eurozone.
Since the ECB last considered rates, data have shown that the 16-nation euro area’s … Original source on Gaea Times at : ECB set to leave interest rates on hold, but may raise economic projections.
Vedanta taps Gujarat for bauxite for Orissa refinery
BHUBANESWAR – Anil Agarwal-led Vedanta Resources has begun talks with the Gujarat government to ensure long-term supply of bauxite for its refinery in Orissa’s Kalahandi district after its mining project in the Niyamgiri hills was refused permission by the central government on environmental grounds.
Mukesh Kumar, chief operating officer of Vedanta Aluminium Ltd, said the company …. Source : Vedanta taps Gujarat for bauxite for Orissa refinery.
No government plans to revive vaccine units, says MPs panel
SHIMLA – The central government has no roadmap to revive the three state-run vaccine producing plants in the country, shut in January 2008, a parliamentary panel has concluded.
In its report tabled in the Lok Sabha during its monsoon session last month, the panel said the sequence of events since the licences of the three units …. Source : No government plans to revive vaccine units, says MPs panel.
India will pay 3.8 percent on all FMS deals with US
WASHINGTON – India would be paying 3.8 percent as an administrative fee for all military hardware and systems acquired from the United States under its Foreign Military Sales (FMS) programme.
This fee is actually the same for every country for all FMS deals, effective from August 2006, and is charged to facilitate discussions with US arms …. Source article : India will pay 3.8 percent on all FMS deals with US.
Polish PM to woo Indian business during state visit
WARSAW – Polish Prime Minister Donald Tusk will woo Indian business during his three-day state visit to India that starts Sep 6 as the country “is a role model not only for Poland but for the European Union”, a former ambassador said.
This will be the first official visit of a non-Communist Polish prime minister to … Read this article on Gaea Times at : Polish PM to woo Indian business during state visit.
Gazprom’s Q1 profits triple to $10.6 bln on strong winter sales
Gazprom’s Q1 profits triple to $10.6 bln
MOSCOW – Russia’s gas giant Gazprom said Thursday its net profit tripled to 324.9 billion rubles ($10.6 billion) in the first quarter of the year as the company capitalized on a cold winter in Europe.
The company said in a statement its profit rose to 324.9 billion rubles from 103.7 …. Source article on Gaea Times at : Gazprom’s Q1 profits triple to $10.6 bln on strong winter sales.
Sensex quiet in afternoon trade, Asian cues strong
MUMBAI – A benchmark index for Indian equities Thursday was ruling lacklustre in afternoon trade, though broader markets saw greater buying activity.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,215.28 points, was trading at 18,231.64 points, 25.77 points or 0.14 percent up from its previous close at … Read more >>>.
Pernod Ricard says Chinese demand for Martell cognac helped lift full year net profit
Chinese demand helps lift Pernod Ricard profits
PARIS – Pernod Ricard SA said Thursday that demand for Martell cognac in China and Chivas Regal scotch in Latin America helped lift full year net profit by 1 percent.
The Paris-based company, known for its anise-flavored aperitifs as well as Beefeater gin and recently acquired Absolut vodka, reported net …. Source : Pernod Ricard says Chinese demand for Martell cognac helped lift full year net profit.
‘Impact of nuclear liability bill unknown’
NEW DELHI – India’s move to bring in supplier liability could have an impact on its nuclear programme but the actual outcome is still unknown, an official of the International Energy Agency (IEA) said here Friday.
Last week, both houses of parliament passed the civil nuclear liability bill, which allows an operator to take recourse against … Read more »».
Frank McCourt: Wife only began representing herself as Dodgers co-owner last summer
McCourt: Wife concerned about nest egg
LOS ANGELES – Former Dodger CEO Jamie McCourt was more concerned with protecting the couple’s luxurious homes than dealing with baseball matters and didn’t want to take the risk associated with buying one of baseball’s most storied franchises six years ago, her estranged husband said.
Frank McCourt is scheduled to take … Read the original article on Gaea Times at : Frank McCourt: Wife only began representing herself as Dodgers co-owner last summer.
Metro’s Central Secretariat-Qutub Minar line opened
NEW DELHI – Delhi Metro’s Central Secretariat-Qutub Minar link, that connects the city’s north with its satellite town of Gurgaon in Haryana, was opened to the public Friday by Urban Development Minister S. Jaipal Reddy.
Reddy, with Delhi Chief Minister Sheila Dikshit joining him, flagged off a ceremonial train on the occasion from the Udyog …. Source article : Metro’s Central Secretariat-Qutub Minar line opened.
3G Capital Strikes Deal With Burger King
LOS ANGELES (GaeaTimes.com)- Burger King, the global chain of hamburger fast food restaurants and 3G capital has announced yesterday that the companies have entered into a definite merger agreement. The companies have sealed a deal which says that Burger King would be acquired by 3G in a transaction valued at approximately $3.3 billion. The …. Source : Gaea News Network.
Have balanced approach to curb population: Hasina
DHAKA – Prime Minister Sheikh Hasina, who heads the National Population Council that resumed work after 14 years, has called for “a balanced approach” to curb Bangladesh’s population growth that is projected to reach 170 million by 2020.
Registration of couples in the reproductive age, a bunch of incentives for those who keep their families small …. Original article on Gaea Times at : Have balanced approach to curb population: Hasina.
Swedish investment bank Carnegie buys troubled competitor HQ Bank
Swedish bank Carnegie buys troubled competitor
STOCKHOLM – Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week.
Carnegie said it has signed an agreement to buy HQ for 268 million kronor ($37 million), which will make it the Nordic region’s …. Original article on Gaea Times at : Swedish investment bank Carnegie buys troubled competitor HQ Bank.
Oil falls below $75 a barrel in Asia ahead of US employment report
Oil falls below $75 ahead of US jobs report
BANGKOK – Oil prices fell below $75 a barrel Friday in Asia as investors awaited a report on U.S. employment that will influence guesses about the strength of future energy demand from the No. 1 economy.
Benchmark oil for October delivery was down 19 cents at $74.84 a … Read more >>>.
Many central, state ministers behind illegal mining: Yeddyurappa
BANGALORE – Karnataka Chief Minister B.S. Yeddyurappa said Friday many central and state ministers were involved in promoting illegal iron ore mining in the state in the last 10 years and he would expose them.
“If a thorough probe is held into the illegal mining in the state in the last 10 years, it will expose …. Original article : Many central, state ministers behind illegal mining: Yeddyurappa.
Food inflation rises again to 10.86 percent
NEW DELHI – Food inflation in India rose to 10.86 percent for the week ended Aug 21 from 10.05 percent a week earlier, snapping a two-week decline, official data released Friday showed.
The inflation for the fuel and primary articles groups also inched higher, according to the data released by the commerce ministry.
The fuel … Read this article on Gaea Times at : Food inflation rises again to 10.86 percent.
China orders action to cool surging food prices, boost supplies amid shortages
China orders action to cool food prices
BEIJING – China has ordered local leaders to cool a surge in politically sensitive food prices by raising vegetable production amid rising tensions in poor countries over surging food costs.
Mayors were told to make sure local markets have a week’s supply of vegetables, said a Cabinet announcement on Friday. … Read more »».
Canadian delegation to begin India visit Saturday
NEW DELHI – A Canadian foreign affairs and trade delegation will visit India Sep 4-9 to meet ministers, officials and business leaders to understand the potential that the country holds as an emerging market and one of the fastest developing economies.
The nine-member delegation of Canada’s Standing Senate Committee on Foreign Affairs and International Trade will …. Read the original article : here.
India looks at South America for farm revolution
NEW DELHI – India, looking to launch a second green revolution to boost its food security, has begun looking at distant South America where countries have been able to ramp up food production with new technology and farming methods. And to take lessons first-hand, Agriculture Minister Sharad Pawar will visit Argentina, Brazil and Mexico this … Read more >>>.
Public watchdog groups fault secrecy around bidding for lucrative Illinois Lottery contract
Critics: Ill. lottery contract cloaked in secrecy
CHICAGO – With less than two weeks before Illinois Gov. Pat Quinn awards a lucrative, first-of-its-kind contract for the private management of the state’s $2 billion-a-year lottery, some are criticizing the selection process as too secretive and questioning whether it favors one powerful bidder.
Lottery officials have released little information, …. Original article : Public watchdog groups fault secrecy around bidding for lucrative Illinois Lottery contract.
Tractor rollovers _ the top cause of death on US farms _ decline as farmers upgrade equipment
Tractor upgrades reduce farm deaths from rollovers
Dairy farmer Anthony Marco was compressing a long row of chopped hay beneath his tractor two weeks ago, preparing it as winter feed for his cows, when the 4-ton machine suddenly toppled over as he drove it along the pile’s steep sides.
Marco’s wife and mother, who watched the accident …. Original source : Tractor rollovers _ the top cause of death on US farms _ decline as farmers upgrade equipment.
Former egg farm workers say complaints about conditions ignored by USDA employees at site
Former egg farm workers say complaints ignored
DES MOINES, Iowa – U.S. Agriculture Department employees worked full-time at two Iowa egg farms at the center of a salmonella outbreak and massive recall, but two former workers say they didn’t respond to complaints about conditions at one site.
Agency spokesman Caleb Weaver says the employees’ main duties are … Original source on Gaea Times at : Former egg farm workers say complaints about conditions ignored by USDA employees at site.
Euro barely changed at $1.2815 as markets await US jobs report
Euro steady ahead of US jobs report
BERLIN – The euro is barely changed against the dollar as markets focus on the upcoming release of a closely watched U.S. jobs report.
The euro bought $1.2815 in Friday morning European trading, close to its level of $1.2812 in New York late Thursday. The British pound edged up to …. Original article : Euro barely changed at $1.2815 as markets await US jobs report.
Defense Secretary Gates gets firsthand look at operations in southern Afghanistan
Gates visits US forces in southern Afghanistan
KANDAHAR, Afghanistan – As the last of 30,000 U.S. reinforcements arrive in Afghanistan, U.S. Defense Secretary Robert Gates on Friday got a firsthand look at operations in the dangerous south where Afghan and international troops are ramping up security.
Gates traveled to Kandahar province, a region where U.S., Afghan and …. Original article on Gaea Times at : Defense Secretary Gates gets firsthand look at operations in southern Afghanistan.
Australian tax authorities allow ‘Crocodile Dundee’ star to return to US despite tax dispute
‘Crocodile Dundee’ to return to US amid tax fray
SYDNEY – Actor Paul Hogan, star of the “Crocodile Dundee” movie trilogy, has been cleared to return home to the United States after he was barred last month from leaving Australia because of a disputed tax bill, his lawyer said Friday.
The 70-year-old Australian-born actor, who currently lives …. Original article on Gaea Times at : Australian tax authorities allow ‘Crocodile Dundee’ star to return to US despite tax dispute.
Economic recovery in N.America slipping: Bank
TORONTO – Despite reports from the US Thursday that initial jobless claims fell to 472,000 last week and pending home resales were up 5.2 per cent in July, Canada’s top Toronto Dominion (TD) Bank said the economic recovery in North America is slipping after positive hints four months ago.
“Does the world look as good as … Read this article on Gaea Times at : Economic recovery in N.America slipping: Bank.
Reclusive New Zealand billionaire unwraps packaging ambitions with big deal in US
NZ tycoon unwraps packaging ambitions with US deal
WELLINGTON, New Zealand – The reclusive New Zealand billionaire buying the U.S. maker of Hefty brand trash bags to create the world’s second-biggest packaging business started out as a tow truck driver and bounced back from the brink of bankruptcy more than a decade ago to become his … Read more : Reclusive New Zealand billionaire unwraps packaging ambitions with big deal in US.
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.
BBC spends 50,000 pounds a day on taxis
LONDON – The BBC spent an astounding 18.2 million pounds in 2008-09 on taxis and hired cars, with the daily expenditure coming to almost 50,000 pounds, a media report said Sunday.
Much of the cost was incurred taking celebrities to and from news studios and driving presenters home when public transport stopped for the day.
Gerry …. Original article on Gaea Times at : BBC spends 50,000 pounds a day on taxis.
Plan panel to tackle Bundelkhand drought
NEW DELHI – The Planning Commission has set up a high-level body to devise ways to tackle the perennial drought in Bundelkhand region that falls within Madhya Pradesh and Uttar Pradesh.
The Advisory Committee on Implementation of Drought Mitigation Strategies in Bundelkhand Region will be chaired by Planning Commission Deputy Chairman Montek Singh Ahluwalia, an official …. Source : Plan panel to tackle Bundelkhand drought.
Palace on Wheels: A royal caravan journey into history (Feature)
NEW DELHI – Exquisitely carved interiors, intricate gold tapestry, crisp white curtains and shimmering bejewelled walls – not for nothing is India’s Palace on Wheels one of the top 10 luxury trains in the world. And now it offers more.
A royal spa car and spruced up interiors are among the improved amenities introduced in the …. Source article on Gaea Times at : Palace on Wheels: A royal caravan journey into history (Feature).
Chinese firms get 169,000 patents in 2010
BEIJING – China’s top 500 research and development firms have got 169,000 patents for their innovations in 2010, up 13.3 percent from last year, the China Enterprise Confederation (CEC) has said.
Among the top 500 companies, 41 had more than 1,000 patents, while 36 companies owned more than 200 patents for innovations, Xinhua reported citing the [..] Read the original article: here.
Nevada GOP Senate candidate accused of reprinting newspaper articles without permission
Nevada GOP candidate faces copyright lawsuit
LAS VEGAS – A company has sued Republican U.S. Senate candidate Sharron Angle, claiming she reprinted two Las Vegas Review-Journal articles on her campaign website without permission.
Las Vegas-based Righthaven is seeking unspecified damages in its complaint filed Friday in U.S. District Court in Las Vegas.
The suit alleges Angle neither sought … Read this article on Gaea Times at : Nevada GOP Senate candidate accused of reprinting newspaper articles without permission.
In Ohio and around nation, economic woes threaten Democrats’ congressional majorities
Dems’ prospects threatened by economic woes
COLUMBUS, Ohio – Frustrated, discouraged and just plain mad, a lot of people who have lost jobs – or know someone who has – now want to see the names of Democrats on pink slips. And that’s jeopardizing the party’s chances in …. Source article : In Ohio and around nation, economic woes threaten Democrats’ congressional majorities.
Lamoriello and Devils get Kovalchuk; NHL and union reach deal on long-term contracts
Devils get Kovalchuk, NHL-union get long-term deal
NEWARK, N.J. – The New Jersey Devils did more than sign Ilya Kovalchuk to a $100 million contract.
A byproduct of the revised 15-year deal was that the Devils helped the NHL and its players union reach an agreement on long-term contracts that will define how much money will count … Read this article on Gaea Times at : Lamoriello and Devils get Kovalchuk; NHL and union reach deal on long-term contracts.
Siemens to close Ohio distribution center by end of January, cutting 88 jobs
Siemens to close Ohio center, cutting 88 jobs
COLUMBUS, Ohio – The German industrial conglomerate Siemens AG says it plans to shut down a distribution center in Ohio by the end of January, cutting 88 jobs.
The company plans to move the work from Columbus to Southaven, Miss.
Siemens spokesman Michael Krampe says having one distribution center will … Read the original article on Gaea Times at : Siemens to close Ohio distribution center by end of January, cutting 88 jobs.
India to host Asian Nuclear Prospects conference in October
CHENNAI – Around 250 nuclear scientists, technologists and industrialists are expected to participate in the three-day Asian Nuclear Prospects 2010 conference to be held near here in October, a top official of atomic research unit said Saturday.
“The 2nd International Conference on Asian Nuclear Prospects 2010 (ANUP 2010) will be held Oct 11-13 at Mamallapuram. The …. Source : India to host Asian Nuclear Prospects conference in October.
Obama salutes the middle-class worker as Republicans target rules and regs as threat to jobs
Obama pledges to work for a thriving middle class
WASHINGTON – A strong economy needs bustling Main Streets and a thriving middle class, not just a healthy stock market, President Barack Obama said in paying tribute to the American worker.
In his weekly radio and Internet address, Obama on Saturday outlined what he’s … Read : Obama salutes the middle-class worker as Republicans target rules and regs as threat to jobs.
Trinamool Congress does not support shutdown politics: Mamata
KOLKATA – Railway Minister and Trinamool Congress chief Mamata Banerjee Saturday termed the Sep 7 general strike spear-headed by the trade unions of the Left parties and other outfits as “one imposed on the people” and said her party did not support the “shutdown politics”.
“Trinamool Congress does not support the shutdown politics as it will … Read more >>.
Beggars swept out of central Dakar as Senegal attempts to appease US
US pressure leads to ban on beggars in Dakar
CAMBERENE, Senegal – Abdoulaye Ba, 10, looked right, then left, before timidly approaching the taxi and holding out his hand.
A 10-year-old begging is nothing new in this destitute African country, but the fear in his eyes is.
A few days ago police chased him away from the intersection … Read this article on Gaea Times at : Beggars swept out of central Dakar as Senegal attempts to appease US.
Irreverent filmmakers bringing a zombie revolution to Cuba’s capital
Irreverent Cuban movie promises zombie revolution
HAVANA – What would you do if your entire city was taken over by flesh-eating zombies and communist leaders insisted it was nothing but a plot by U.S-backed dissidents to destabilize the government?
If you were the protagonist of Juan de los Muertos – “Juan of the Dead” – the first … Original source on Gaea Times at : Irreverent filmmakers bringing a zombie revolution to Cuba’s capital.
Defiant Gujarat BJP legislator opposes cement plant
MAHUVA – By pushing ahead with a farmers’ protest in Bhavnagar district Sunday against a proposed cement plant, Gujarat Bharatiya Janata Party legislator Kanu Kalsariya appeared to be heading for a showdown with the party leadership.
The legislator is organising a “maha sammelan” (convention) at Dodiya village in Mahuva taluka of the district against the Nirma …. Source article : Defiant Gujarat BJP legislator opposes cement plant.
Concession agreement signed for Hyderabad Metro
HYDERABAD – The concession agreement for the Rs.12,132-crore Hyderabad Metro Rail (HMR) project was signed here Saturday.
The Andhra Pradesh government signed the pact with Larsen & Toubro Hyderabad Metro Rail Pvt. Ltd for development of Hyderabad Metro Rail project in public-private partnership (PPP) mode.
Leading construction group Larsen & Toubro, which bagged the project in …. Source article on Gaea Times at : Concession agreement signed for Hyderabad Metro.
Small Michigan community eliminates police department in effort to address budget problems
Mich. town facing deficit cuts police department
CLARKSTON, Mich. – A small town in Michigan has eliminated its police department as a way to save money.
The Oakland County sheriff’s department began patrolling the village of Clarkston on Friday night.
Clarkston previously had a police chief, one full-time officer, eight part-time officers and some reservists. WDIV-TV and the …. Source : Small Michigan community eliminates police department in effort to address budget problems.
Travel industry seeks better infrastructure, tax sops
UDAIPUR – The Indian Association of Tour Operators (IATO), the apex body of the travel and tourism industry, has recommended vigorous development of infrastructure, logical taxation and creation of land banks for hotels.
The 26th annual convention here of IATO also pushed for rationalisation of visa fee, better air connectivity and the setting up of a …. Original source : Travel industry seeks better infrastructure, tax sops.
New Jersey Devils GM says team acted in ‘good faith’ during Ilya Kovalchuk negotiations
Devils tout ‘good faith’ in Ilya Kovalchuk deal
NEWARK, N.J. – The New Jersey Devils say they acted in good faith during their contract negotiations with Ilya Kovalchuk.
The NHL signed off on Kovalchuk’s latest contract with the Devils on Friday, approving a revised 15-year, $100 million deal. The league reached an agreement with the NHL players’ … Read the original article on Gaea Times at : New Jersey Devils GM says team acted in ‘good faith’ during Ilya Kovalchuk negotiations.
UAE posts $599 mn trade surplus with India
Abu Dhabi, Sep 4 (IANS/WAM) UAE’s trade surplus with India rose to 2.2 billion dirhams ($599 million) in the first quarter of 2010 from a deficit of 7.3 billion dirhams in the corresponding period last year, the foreign trade ministry said in a report.
The report attributed this positive change to the big increase of 273 … Original article on : UAE posts $599 mn trade surplus with India.
‘Hiring talent challenge for hotels in south India’
CHENNAI – With 119 hotels coming up in the four southern states and 11,000 rooms likely to be added to the capacity, hiring trained manpower will be a challenge for the sector, said a hotel industry official Saturday.
“Hiring talent is a major challenge for the industry now with more properties coming up. Unlike earlier, the … Original source on Gaea Times at : ‘Hiring talent challenge for hotels in south India’.