TCS to set up training centre at Technocity

THIRUVANANTHAPURAM – Tata Consultancy Services (TCS) will set up a training centre at the proposed Technocity near the Technopark campus here.

Chief Minister V.S.Achuthanandan Monday said the cabinet has decided to allot 82 acres to TCS to set up the centre at an investment of Rs.1,500 crore.
“They will be setting up a training centre … Read the original article on Gaea Times at : TCS to set up training centre at Technocity.

Sensex touches Jan 2008 level, Asian rally helps

MUMBAI – A benchmark index for Indian equities Monday climbed to a level last seen in January 2008 in afternoon trade, breaching the 19,000-points mark.

Banking, realty, energy and PSU stocks were among the top gainers. All 13 sectoral indices on the Bombay Stock Exchange (BSE) were in the positive.
The Indian markets were enthused … Read this article on Gaea Times at : Sensex touches Jan 2008 level, Asian rally helps.

One-inch deflection in Bhakra Dam, but no scare: officials

CHANDIGARH – Playing down fears of a tilt in the Bhakra Dam, where the water level has crossed the maximum mark, the authorities Monday said there was just a 1.05-inch deflection in the structure and there was no need to worry.

“The water level in the Bhakra Dam has crossed the maximum mark of 1,680 feet …. Source article on Gaea Times at  : One-inch deflection in Bhakra Dam, but no scare: officials.

Mercedes to retail exclusive apparel and accessories

NEW DELHI – Mercedes-Benz India has entered into an agreement with fashion designer Manish Arora, whose exclusively designed apparel and accessories will be retailed through the auto major’s outlets across India.

“Our connect with luxury and lifestyle has been enhanced through our association with ace designer Manish Arora,” said Debashis Mitra, director sales and marketing, …. Source  : Gaea News Network.

President arrives in Cambodia

PHNOM PENH – Reaffirming India’s ‘Look East’ policy and seeking to enhance ties with ASEAN countries, Indian President Pratibha Patil arrived here Monday on a six-day visit to Cambodia.

Patil was welcomed by Kong Sam Ol, deputy prime minister and minister of the Royal Palace of the Kingdom of Cambodia at the Phnom Penh International Airport. … Read more >>>.

Gujarat inks MOU with British Asian business association

GANDHINAGAR – iNDEXTb, the investment promotion wing of the Gujarat Government has signed a memorandum of understanding (MoU) with Britain’s Leicestershire Asian Business Association (LABA) to promote economic cooperation and commercial exchanges.

A 16-member delegation of business leaders and government officials from the state is in Leicestershire to interact with business communities and host a road …. Source  : Gaea News Network.

FACT CHECK: New White House stat on health savings called ‘apples to oranges’

FACT CHECK: White House health savings challenged
WASHINGTON – When a government report found that President Barack Obama’s health overhaul would modestly raise the nation’s total health care tab, the White House responded with a statistic suggesting costs would go down.
Health reform director Nancy-Ann DeParle wrote on the White House blog last week that …. Source  : FACT CHECK: New White House stat on health savings called ‘apples to oranges’.

World’s costliest flat sold for 200 mn pounds

LONDON – The world’s most expensive flat has been sold for 200 million pounds in Monaco, despite mysterious murder of its previous owner in the main reception room.

The two-floor penthouse — which includes a double-height library and vast roof terraces complete with mature 15-foot trees and infinity pool — has now been snapped up on …. Read the original article  : here.

Sensex regains 19k level after 32 months

MUMBAI – The Bombay Stock Exchange (BSE) benchmark Sensex added 287 points on fund-based buying driven by a firming global trend in early trade on Monday and regained the crucial 19,000-level after a period of almost 32 months.

The 30-share index of the BSE surged …. Original article on Gaea Times at  : Sensex regains 19k level after 32 months.

Japan’s foreign minister apologizes to visiting group of US POWs, says treatment was brutal

Japan foreign minister apologizes to US POWs

TOKYO – Japan’s foreign minister apologized Monday for the suffering of a group of former World War II prisoners of war visiting from the United States and said they were treated inhumanely.
The six POWs, their relatives and the daughters of two men who died are the first group of …. Source  : Gaea News Network.

India’s urban poor worse off than rural poor: Poverty Allevation Minister (Interview)

NEW DELHI – The poor in India’s cities are in many ways worse off than those in rural areas, says Housing and Urban Poverty Alleviation Minister Kumari Selja, pointing out that the urban population is set to double in the next 25 years to over 600 million.

“About 300 million people live in towns and cities …. Read the original article  : India’s urban poor worse off than rural poor: Poverty Allevation Minister (Interview).

Sensex joins Asian rally, breaches 19,000

MUMBAI – A benchmark index for Indian equities Monday shot up in opening trade, breaching the 19,000 level mark and joining other buoyant Asian markets.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,845.31 points, was at 19,074.29 points, 274.63 points or 1.46 percent up from its previous close at …. Original article  : Sensex joins Asian rally, breaches 19,000.

Asian stocks gain as Wall Street extends rally, Chinese indicators show economy robust

Asian shares gain on economic optimism
BANGKOK – Asian stock markets climbed Monday as robust Chinese economic indicators boosted confidence in the economic recovery.

Oil prices, meanwhile, surged above $77 a barrel, extending gains for a second trading day after a leak forced the closure of a Chicago-area oil pipeline and disrupted supplies to U.S. Midwest refineries.
Sentiment …. Source  : Gaea News Network.

Money Market Operations as on Sep 09, 2010

…. Source  : Money Market Operations as on Sep 09, 2010.

Newborn baby found alive in airplane garbage bag at Manila airport; plane arrived from Bahrain

Newborn baby found alive in Manila airport garbage

MANILA, Philippines – Authorities in the Philippines on Monday tried to trace the mother who gave birth then abandoned her newborn baby on a flight from the Middle East.
The baby boy, covered in blood and wrapped in tissue paper, was found by an airport security officer in a …. Original article  : Newborn baby found alive in airplane garbage bag at Manila airport; plane arrived from Bahrain.

Senate hopeful Rand Paul says Republicans have taken ‘easy way out’ by failing to cut spending

Paul says GOP shares blame for deficits
BOWLING GREEN, Ky. – Kentucky Senate hopeful Rand Paul chided fellow Republicans on Sunday evening for contributing to the massive federal budget deficit, candidly telling tea party supporters in his hometown that GOP lawmakers took “the easy way out” by failing to cut spending in the past.
Paul …. Original article on Gaea Times at  : Senate hopeful Rand Paul says Republicans have taken ‘easy way out’ by failing to cut spending.

Philly newspaper drivers again reject contract aimed at allowing bankruptcy sale to creditors

Philly newspaper drivers again reject contract

PHILADELPHIA – Drivers who deliver Philadelphia’s two major daily newspapers have once again overwhelmingly rejected a contract offer aimed at clearing the way for creditors to take over the papers.
Teamsters Local 628 President John Laigaie said members voted 191-4 against the proposal Sunday. He said he thinks members are still …. Source article on Gaea Times at  : Philly newspaper drivers again reject contract aimed at allowing bankruptcy sale to creditors.

Report: Dollar Thrifty agrees to Hertz’s higher offer of $50 per share, topping Avis’ bid

Report: Hertz, Dollar Thrifty agree on higher bid

NEW YORK – Hertz has raised its offer for rental car company Dollar Thrifty to about $1.43 billion from $1.2 billion in an effort to thwart a rival bid by Avis, according to media reports.
Dollar Thrifty’s board has accepted Hertz Global Holdings Inc.’s new $50-per-share offer – up …. Source article  : Report: Dollar Thrifty agrees to Hertz’s higher offer of $50 per share, topping Avis’ bid.

Regulators agree on new capital rules for world’s banks, aiming to balance safety, growth

Global banking rules aim to balance safety, growth
BASEL, Switzerland – Banks will have to significantly increase their capital reserves under rules endorsed Sunday by the world’s major central banks, which are trying to prevent another financial collapse without impeding the fragile economic recovery.
The new banking rules are designed to strengthen bank …. Source article  : Regulators agree on new capital rules for world’s banks, aiming to balance safety, growth.

Gas drilling industry, environmentalists prepare their cases for EPA’s NY hearing, last of 4

EPA to hold NY hearing, last of 4, on gas drilling

ALBANY, N.Y. – The Environmental Protection Agency is preparing to hold in New York the last of four hearings around the country about a natural gas drilling technique that involves blasting chemical-laced water into the ground.
The process is called hydraulic fracturing, or fracking. It releases …. Source  : Gaea News Network.

India’s corrupt siphoned out $125 bn in eight years: Report

WASHINGTON – More than $125 billion worth of funds meant for the uplift of Indians were illegally siphoned out of the country by corrupt politicians and corporates between 2000 and 2008, hindering inclusive growth, says to a leading think tank here.

“Much of the funds flowing out are generated at home within India and then sent …. Source article on Gaea Times at  : India’s corrupt siphoned out $125 bn in eight years: Report.

Work on two more fast breeder reactors begins

CHENNAI – India’s fast breeder reactor operator Bharatiya Nabhikiya Vidyut Nigam Ltd (Bhavini) has started preliminary work for the construction of two more units at Kalpakkam in Tamil Nadu.

“The government has released Rs.250 crore to carry out preliminary activities towards setting up of two more 500 MW fast reactors at Kalpakkam (around 80 km from …. Source article  : Work on two more fast breeder reactors begins.

Report: Iran says IAEA makes dangerous mistake on Tehran nuclear program

Iran: IAEA in error over Tehran nuclear program

TEHRAN, Iran – Iran’s nuclear chief has called remarks by the head of the U.N.’s atomic energy agency a dangerous mistake.
According to the state news agency Tuesday, Ali Akbar Salehi said “if Mr. Amano has expressed the remarks knowingly, he has committed a big mistake.”
Salehi said the situation …. Source article  : Report: Iran says IAEA makes dangerous mistake on Tehran nuclear program.

With GOP defection, small business measure likely to clear Senate procedural hurdle

Small business measure set to clear Senate hurdle
WASHINGTON – President Barack Obama is poised to win a long-sought victory as Senate Democrats appear likely to win a key vote that would clear the way for a bill creating a $30 billion government fund to help open up lending for credit-starved small businesses.
Sen. George … Read more >>.

Decline in Indian coffee productivity levels alarming: Upasi

COONOOR – The United Planters’ Association of Southern India (Upasi) has expressed concern over the alarming decline in productivity levels of coffee during the last decade.

“The magnitude of decline in our coffee productivity levels is quite alarming, as yields have declined 9.9 percent since 2000,” outgoing Upasi president T.V. Alexander told IANS here.
The yield …. Read the original article  : here.

Ice-cream, microwave ovens now in India’s inflation basket

NEW DELHI – Ice-cream, microwave ovens, mineral water and dish antenna are among 241 new items in the basket of commodities making up the official wholesale price index in a bid to reflect changes in India’s price line and consumption pattern better.

Commerce and Industry Minister Anand Sharma Tuesday unveiled the new index that is used … Original source on Gaea Times at : Ice-cream, microwave ovens now in India’s inflation basket.

Star Union Dai-ichi to target SMEs for group insurance

CHENNAI – Star Union Dai-ichi Life Insurance Company is targeting small and medium enterprises (SME) which are clients of its two promoter banks- Bank of India Union and Bank of India- for its group insurance products.

“We are focused on the SMEs which are clients of our promoter banks for our group products. We will be …. Source article  : Star Union Dai-ichi to target SMEs for group insurance.

Asian stock markets mixed amid higher Japanese yen, Japanese leadership fight

Asian shares mixed amid higher yen
SEOUL, South Korea – Asian stock markets were mixed Tuesday despite a healthy gain on Wall Street as the dollar retreated to a new 15-year low against the yen and Japan’s prime minister survived a leadership challenge.

Japan’s Nikkei 225 stock average fell 0.2 percent to 9,299.31 points, a turnaround from …. Source  : Gaea News Network.

Free gifts thrill shoppers as much as pornography

LONDON – A coupon or a free gift with a jar of jelly or a loaf of bread thrills shoppers just as much as pornography does, says a new study.

Researchers wired up 50 male and female volunteers and monitored their eye movements and emotional responses to a series of common consumer products.
Some featured a … Read this article on Gaea Times at : Free gifts thrill shoppers as much as pornography.

Harley-Davidson board expected to confirm Wis. plants to stay open after unions agree to deal

Harley board to review union’s OK of labor deal

WAUKESHA, Wis. – Harley-Davidson Inc.’s three Wisconsin unions have agreed to a contract with steep concessions. Now it’s up to the company to confirm it won’t move its production out of the state.
Harley’s board of directors was scheduled to review the voting results Tuesday from the unions, …. Source  : Harley-Davidson board expected to confirm Wis. plants to stay open after unions agree to deal.

China’s currency hits fresh high against US dollar, as pressure on trade imbalance mounts

China’s currency hits fresh high against US dollar

SHANGHAI – China’s currency advanced to a fresh high against the U.S. dollar for the third straight trading day Tuesday, as U.S. lawmakers prepared for hearings on Beijing’s foreign exchange policies.
China’s central bank set the yuan-dollar parity rate at 6.7378 on Tuesday, after putting it at 6.7509 on …. Original article  : China’s currency hits fresh high against US dollar, as pressure on trade imbalance mounts.

Japanese prime minister survives leadership challenge after ruling party re-elects him chief

Japanese PM wins party vote, will stay in power

TOKYO – Japanese Prime Minister Naoto Kan was re-elected president of the ruling Democratic Party on Tuesday, surviving a challenge from a veteran powerbroker and sparing Japan another leadership change as it deals with a sluggish economy.
Kan, in office just three months, defeated party heavyweight Ichiro Ozawa … Read more >>>.

Plantation sector asks government to share social cost burden

COONOOR – Planters of coffee, tea, spices and rubber of south India here Tuesday urged the government to share 50 percent of the cost of social and welfare benefits they are compelled to bear under law.

“Commodity plantations is the only sector in the country mandated to provide social and welfare benefits to their employees …. Source  : Plantation sector asks government to share social cost burden.

AP-CNBC Poll: Investors less confident about trading stocks in wake of market turmoil

AP-CNBC Poll: Investors wary of stock trading

WASHINGTON – Wild gyrations on Wall Street have made U.S investors leery of buying individual stocks and skeptical that the market is a fair place to park their money.
In an Associated Press-CNBC poll of investors, 61 percent said the market’s recent volatility has made them less confident about buying … Original article on : AP-CNBC Poll: Investors less confident about trading stocks in wake of market turmoil.

Japan PM faces powerful challenger in leadership vote that could give country a new leader

Japan leadership battle Tuesday could bring new PM

TOKYO – Japan’s prime minister and his powerful challenger made impassioned appeals to fellow party members ahead of a ruling party vote Tuesday that could give the country its third premier in a year.
Ichiro Ozawa, an old-school power-broker who has been in parliament for 40 years, is seeking … Read more : Japan PM faces powerful challenger in leadership vote that could give country a new leader.

US invests in R&D to compete with China, India: Obama

WASHINGTON – President Barack Obama says his administration had made the largest investment in research and development in history so that the US can compete with China and India and Germany over the long term.

Defending his economic policies as the US battles its worst recession in decades, he lashed out at lashed out at … Read more : US invests in R&D to compete with China, India: Obama.

Cuba to cut 500,000 state jobs

Havana, Sep 14 (IANS/EFE) The Cuban government has announced that it will immediately initiate changes in its employment policy that will include, among other things, cutting more than 500,000 workers from the state payroll through the first half of 2011.

The CTC – Cuba’s only legal union – Monday published a “pronouncement” that for the first … Read the original article on Gaea Times at : Cuba to cut 500,000 state jobs.

Maine GOP gubernatorial candidate angrily deflects questions about tax exemption

Maine gov candidate deflects questions about taxes

AUGUSTA, Maine – Maine Republican gubernatorial candidate Paul LePage angrily deflected questions about taxes paid on a Florida home at a news conference to present his plan to create jobs in a state he said “desperately needs” more jobs.
After concluding his presentation Monday, LePage was asked several questions about …. Source article on Gaea Times at  : Maine GOP gubernatorial candidate angrily deflects questions about tax exemption.

Net bargainers in high demand in China

BEIJING – Online shopping in China has become easier as people can now avail of services of middlemen who dicker for lower prices with e-retailers on behalf of the buyers.

The middlemen, who charge a small amount of the discount they get the buyers, are called “net bargainers”, and the service is booming amid China’s fast-growing … Read this article on Gaea Times at : Net bargainers in high demand in China.

Sensex rises 143 points in morning trade

MUMBAI – A benchmark index for Indian equities continued to rise Tuesday, moving up 143 points in opening trade after a robust showing in the previous session.

The 30-scrip sensitive index of the Bombay Stock Exchange (BSE), which opened at 19,218.13 points, was at 19,352.28 points – 0.75 percent up from its previous close at 19,208.33 …. Source  : Gaea News Network.

UK unemployment rate down 0.1 pct to 7.8 percent in 3 months through July

UK unemployment rate falls by 0.1 pct to 7.8 pct

LONDON – Official figures show Britain’s unemployment rate fell by 0.1 percent to 7.8 percent in the three months to July.
The Office for National Statistics said Wednesday that total unemployment fell by 8,000 people between May and July to 2.47 million.
…. Read the original article  : here.

Chinese economy could grow by 10 percent in 2010

BEIJING – China’s economy could grow by 10 percent this year while the inflation would be around three percent, according to the National Bureau of Statistics Wednesday.

Ma Jiantang, director of National Bureau of Statistics, made the remarks at the ongoing World Economic Forum Annual Meeting of the New Champions in the port city of Tianjin, … Read more : Chinese economy could grow by 10 percent in 2010.

Sensex holds on to gains, finds support in RIL, ONGC

MUMBAI – A benchmark index for Indian equities maintained its run-up Wednesday, with heavyweight stocks Reliance Industries (RIL) and ONGC supporting the rally.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,343.74 points, was at 19,496.34 points, 149.38 points or 0.77 percent up from its previous close at 19,346.96 …. Original source  : Sensex holds on to gains, finds support in RIL, ONGC.

Oil falls to near $76 after report shows US crude inventories growing

Oil falls to near $76 as US crude supplies grow

SINGAPORE – Oil prices fell to near $76 a barrel Wednesday in Asia after a report showed U.S. crude supplies jumped last week, suggesting demand remains tepid.
Benchmark crude for October delivery was down 51 cents at $76.29 a barrel at late afternoon Singapore time in electronic … Read the original article on Gaea Times at : Oil falls to near $76 after report shows US crude inventories growing.

India to draw 7-year strategic plan for tea industry

COONOOR – India is working on a strategic plan for an ambitious growth of its tea industry over the next seven years.

“The government has directed us to submit by this month-end a strategic plan for the next phase of growth in the industry during the remaining 11th plan (2007-12) and the 12th plan (20012-17),” Tea … Read more : India to draw 7-year strategic plan for tea industry.

A look at changes states are making or considering to pensions for public employees

A look at state pension changes
Highlights of changes to state government pension plans that affect current retirees and employees, and how much unfunded pension and non-pension retirement liabilities – such as retiree health care costs – each state faced as of 2008, according to a study by the Pew Center on the States.

Current retirees:
- Minnesota: … Read : A look at changes states are making or considering to pensions for public employees.

TCS signs multi-year service pact with US retailer

NEW DELHI – Tata Consultancy Services (TCS) Wednesday said it has entered into a multi-year agreement with US-based grocery retailer SUPERVALU for a full service engagement.

The deal will enhance the operational efficiency of SUPERVALU by integrating information technology (IT), business processing outsourcing and infrastructure services.
“As a part of this engagement, more than 600 SUPERVALU …. Source article  : TCS signs multi-year service pact with US retailer.

Palestine to woo tourists at France’s tourism fair

Paris, Sep 15 (IANS/AKI) The Palestinian Authority will for the first time have a stand at an international tourism fair in Paris Sep 21-24, and will be wooing tourists to its territories, according to Palestinian diplomatic sources.

Palestinian Authority Tourism Minister Khulud Duaybis will head the Palestinian delegation, the sources said Tuesday.
The Palestinian representation in …. Source article  : Palestine to woo tourists at France’s tourism fair.

Both managements, workers must improve work ethics: PM

NEW DELHI – Prime Minister Manmohan Singh Wednesday asked both managements and workers to vastly improve work ethics, as the nation gears up to meet the aspirations of its youth and touch double-digit economic growth in a sustained manner.

“To achieve our goals and our ambitions, we will have to enhance productivity across all sectors of … Read more »»».

Farmers’ markets draw few food stamp users despite outreach; distance, cost remain problems

Farmers’ markets draw few food stamp users

PORTLAND, Ore. – Despite widespread efforts to attract low-income shoppers, farmers’ markets have had limited success in drawing people like Bishop Reed, who in the past three years has lost his job and his home.
Reed signed up for food stamps six months ago and uses them to buy groceries …. Original article on Gaea Times at  : Farmers’ markets draw few food stamp users despite outreach; distance, cost remain problems.

House Democrats deeply divided over Obama plan that would let taxes go back up on wealthy

House Dems deeply divided over Obama tax cut plan
WASHINGTON – Congressional Democrats are showing deep divisions over President Barack Obama’s plan to preserve middle class tax cuts while letting taxes on the wealthy go up.
Democratic leaders committed to Obama’s plan are hearing from some lawmakers who fear that raising taxes on anyone in …. Source  : Gaea News Network.

Obama hopes voters’ view of John Boehner will go from ‘Who’s he?’ to ‘He’s scary’

Dems gamble by shifting fire from Bush to Boehner
WASHINGTON – President Barack Obama has frequently reminded Americans that the nation’s economic crisis began under George W. Bush, a largely unpopular and universally known foil. Now all but ignoring Bush, Obama is criticizing a Republican most voters have never heard of: House Minority Leader …. Source article  : Obama hopes voters’ view of John Boehner will go from ‘Who’s he?’ to ‘He’s scary’.

States cut benefits for public-sector retirees; NJ gov. decries generous ‘fairy-tale promises’

States cutting benefits for public-sector retirees

TRENTON, N.J. – The security guards at the headquarters of New Jersey’s pension fund have never seen anything like it before: lines of public employees extending out the door and into the street.
Day after day, workers come in droves to apply for retirement. They often line up before dawn.
The rush …. Read the original article  : States cut benefits for public-sector retirees; NJ gov. decries generous ‘fairy-tale promises’.

Sack airline boss to cut costs, says pilot

LONDON – A Ryanair pilot has ??suggested that the airline’s boss should be replaced by a trainee member of the cabin crew to cut company expenses, a media report said Wednesday.

The jibe came after the budget airline boss Michael O’Leary said his planes did not need two pilots. He said a flight attendant could …. Source article on Gaea Times at  : Sack airline boss to cut costs, says pilot.

Official: China ‘paying close attention’ to BHP bid for Potash, fertilizer supply critical

China ‘paying close attention’ to BHP-Potash deal

BEIJING – China is closely watching global miner BHP’s $38.5 billion bid to acquire one of the world’s biggest producers of potash and fertilizer, the government said Wednesday in its first official comment on the proposed takeover.
Beijing is uneasy about seeing BHP Billiton Ltd., already a major iron ore … Read : Official: China ‘paying close attention’ to BHP bid for Potash, fertilizer supply critical.

Latin American economy to grow by five percent in 2010

Geneva, Sep 15 (IANS/EFE) The Latin American economy will grow by around five percent this year and in some countries in the region the increase could exceed six percent, the UN Conference on Trade and Development (UNCTAD) has said.

The recovery in the gross domestic product (GDP) predicted for the region will be “more moderate” in …. Source  : Latin American economy to grow by five percent in 2010.

Sensex continues bull run, rises 125 points in early trade

MUMBAI – A benchmark index for Indian equities Wednesday built on its two-day rally, rising more than 125 points in opening trade.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,343.74 points, was at 19,472.12 points, 125.16 points or 0.65 percent up from its previous close at 19,346.96 points.
At … Read more »»».

India needs to improve implementation of social schemes

NEW DELHI – India has done well in eradicating poverty, improving healthcare and primary education, but lax implementation of programmes has been the main hurdle in achieving the Millennium Development Goals (MDGs), says a United Nations official, ahead of a high-level summit next week.

“It is a mixed bag,” Minar Pimple, MDG Asia-Pacific Regional Director, told … Read : India needs to improve implementation of social schemes.

Money Market Operations as on Sep 14, 2010

…. Original article on Gaea Times at  : Money Market Operations as on Sep 14, 2010.

Asian stock markets rise as Nikkei jumps after Japan intervenes to weaken yen

Japan leads Asia stocks higher on yen intervention

BANGKOK – Japan led Asian stock markets higher Wednesday, soaring nearly 3 percent after the government announced its first currency intervention to weaken the yen since 2004.
The yen had been trading at 15-year highs against the dollar, battering Japan’s vital exporters and undermining an already fragile recovery in …. Source article  : Asian stock markets rise as Nikkei jumps after Japan intervenes to weaken yen.

Winner still to collect $18 mn jackpot prize

SYDNEY – The winner of a $20 million lottery jackpot is yet to collect the prize, two days after the winning ticket was bought in Sydney, a media report said Thursday.

The NSW Lotteries said the winner of the Oz Lotto jackpot, 20 million Australian dollar (about $18 million), who bought the ticket in Sydney … Read the original article on Gaea Times at : Winner still to collect $18 mn jackpot prize.

Euro edges up against dollar, buying $1.3022, as yen continues slide after intervention

Euro up slightly vs dollar, yen continues drop

BERLIN – The euro is up slightly against the dollar ahead of a summit of European Union leaders, while the Japanese yen is down further after the Bank of Japan’s intervention to rein it in.
The 16-nation euro bought $1.3022 in Thursday morning European trading, up from $1.3006 in … Read : Euro edges up against dollar, buying $1.3022, as yen continues slide after intervention.

Sensex ignores rate hike, inflation spike keeps rising

MUMBAI – A benchmark index for Indian equities was back in the green to rule more than 107 points higher in afternoon trade Thursday, shrugging off a hike in key interest rates by the Reserve Bank of India (RBI) and report of a rise in food inflation.

The 30-scrip sensitive index (Sensex) of the … Read more >>>.

China shares fall to 3-week low on fears of lower bank profits after new Basel capital rules

China shares hit 3-week low on bank profit fears

SHANGHAI – Chinese shares fell to a three-week low on fears bank profits might be hurt by new international capital adequacy rules.
The benchmark Shanghai Composite Index lost 50.04 points, or 1.9 percent, to 2,602.46, the lowest close since Aug 25. The Shenzhen Composite Index for China’s smaller … Read more »»».

China rejects Geithner’s criticism over currency, warns pressure might worsen situation

China rejects US pressure over currency
BEIJING – China rejected U.S. Treasury Secretary Timothy Geithner’s criticism of its currency controls and warned Thursday that continued pressure might worsen the situation.

Geithner complained in testimony prepared for two congressional hearings Thursday that China’s currency and other policies are hurting the United States. Critics say Beijing keeps its yuan … Original source on Gaea Times at : China rejects Geithner’s criticism over currency, warns pressure might worsen situation.

India’s annual food inflation balloons to over 15 percent

NEW DELHI – India’s annual food inflation shot up to 15.1 percent for the week ended Sep 4 from 11.47 percent the week before, due primarily to a shift to a new base year for the wholesale price index and fresh weights assigned to commodities.

The index has dramatically risen by as much as 5 percentage … Read more : India’s annual food inflation balloons to over 15 percent.

Asian stocks mostly lower as China shares tumble on concerns banks to raise more capital

Asia markets down as China falls on bank jitters

BANGKOK – Asian and European markets were mostly lower Thursday as China shares tumbled on concerns that banks will need to raise more capital.
But Japan’s market mostly held on to its big gain from the previous day when Tokyo intervened in the currency market for the first … Read more : Asian stocks mostly lower as China shares tumble on concerns banks to raise more capital.

India’s central bank hikes interest rate more than expected to tame inflation

India hikes interest rate more than expected

MUMBAI, India – India’s central bank raised a key interest rate more than expected Thursday – its fifth rate hike this year – as it continues its fight against high inflation.
The Reserve Bank of India raised the repo rate – at which it makes short-term loans to commercial banks … Read more : India’s central bank hikes interest rate more than expected to tame inflation.

EU expected to give green light to South Korea free trade deal at summit

EU expected to clear SKorea free trade deal

BRUSSELS – The European Union’s presidency says the 27-nation bloc is expected to agree to a free trade deal with South Korea after overcoming objections from Italy, which feared the pact would its ailing auto industry.
Belgian Prime Minister Yves Leterme, whose country holds the EU’s rotating presidency, says …. Source  : EU expected to give green light to South Korea free trade deal at summit.

State Bank of India ties up with Oxigen to promote kiosk banking

Mumbai, Sept.16 (ANI-Business Wire India): Oxigen Services Pvt. Ltd and support company “Sahyog Micro Finance Foundation” today announced a unique tie-up with State Bank of India (SBI) to offer banking services by connecting directly to the SBI Core Banking System. Appointing Customer Service Points at …. Original article on Gaea Times at  : State Bank of India ties up with Oxigen to promote kiosk banking.

Sharekhan launches Fortune Finder for stock market investors

Mumbai, Sept.16 (ANI-Business Wire India): Sharekhan Ltd, one of India’s leading retail stock brokerage houses with a strong online trading business, has launched Fortune Finder for the retail investors and traders.

The Fortune Finder will help in taking decisions on when to buy, …. Original article  : Sharekhan launches Fortune Finder for stock market investors.

Highlights of mid-quarter review of India’s monetary policy

MUMBAI – Following are the highlights of the mid-quarter review of the monetary policy conducted by the Reserve Bank of India (RBI) Thursday, which focuses on reining in inflationary expectations in the economy.

-Repurchase rate or short-term lending rate hiked by 25 basis points to 6 percent
-Reverse repurchase or short-term borrowing rate raised by 50 …. Original article  : Highlights of mid-quarter review of India’s monetary policy.

Senate expected to pass long-delayed small business lending bill, handing Obama modest win

Senate to pass small business lending bill
WASHINGTON – Long-delayed legislation designed to open up credit to small businesses and award them with other incentives to expand and hire new workers is on track to pass the Senate on Thursday.
Passage of the measure, which blends a $30 billion government fund to …. Read the original article  : Senate expected to pass long-delayed small business lending bill, handing Obama modest win.

In victory for Obama, Senate panel appears set to push approval of nuclear treaty with Russia

Senate panel appears ready to approve nukes treaty

WASHINGTON – A Senate panel appears likely to recommend that the full Senate ratify a U.S.-Russia nuclear arms control treaty.
It is not certain that Democrats have the votes or the time for a full Senate vote this year. But hopes for passage improved this week when a second … Read : In victory for Obama, Senate panel appears set to push approval of nuclear treaty with Russia.

Scandinavian airline group SAS names Rickard Gustafson as new CEO

Airline group SAS names Gustafson as new CEO

STOCKHOLM – Scandinavian airline group SAS AB says it has appointed Rickard Gustafson, currently chief of an insurance company, as its new president and chief executive.
The current CEO, Mats Jansson is leaving SAS on Oct. 1 and the airline says Gustafson will start at the latest in March … Read more »».

India’s central bank hikes interest rates more than expected to tame inflation

India hikes interest rates more than expected

MUMBAI, India – India’s central bank has hiked interest rates more than expected as it continues its fight against high inflation.
The Reserve Bank of India is raising the repo rate – at which it makes short-term loans to commercial banks – by a quarter percentage point to 6 percent … Read more >>.

How the poll was conducted

How the poll was conducted
The Associated Press-GfK Poll on the midterm elections was conducted by GfK Roper Public Affairs & Corporate Communications from Sept. 9-13. It is based on landline and cell phone telephone interviews with a nationally representative random sample of 1,000 adults. Interviews were conducted with 700 respondents on landline telephones and 300 …. Read the original article  : How the poll was conducted.

AP-GfK Poll: Nearly half oppose tax hikes for rich, public trust in Dems on economy withers

AP-GfK Poll: Nearly half oppose tax hikes for rich
WASHINGTON – Almost half the country opposes tax increases for the richest Americans, according to a poll suggesting that congressional Democrats are taking some risk by backing President Barack Obama’s plan to boost levies on the wealthy.
Less than 50 days from elections that …. Original article  : AP-GfK Poll: Nearly half oppose tax hikes for rich, public trust in Dems on economy withers.

AP-GfK Poll: Nearly half oppose tax cuts for rich, public trust in Dems on economy withers

AP-GfK Poll: Nearly half oppose tax cuts for rich
WASHINGTON – A new poll shows that almost half the country opposes tax increases for the richest Americans, indicating that congressional Democrats are taking some risk by backing President Barack Obama’s plan to boost levies on the wealthy.
The Associated Press-GfK Poll is filled with encouraging … Read more : AP-GfK Poll: Nearly half oppose tax cuts for rich, public trust in Dems on economy withers.

Mid-Quarter Monetary Policy Review: September 2010

Monetary Measures
On the basis of the Reserve Bank’s assessment of macroeconomic situation, it has been decided to:

increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 5.75 per cent to 6.0 per cent with immediate effect.

increase the reverse repo rate under the LAF by …. Source article  : Mid-Quarter Monetary Policy Review: September 2010.

IBM to manage Bharti Airtel’s IT operations in Africa

NEW DELHI – India’s largest cellphone operator Bharti Airtel Friday said global technology major IBM will supply the computing technology and services for its telecom network across 16 nations in sub-Saharan Africa.

The two companies, whose partnership began in 2004, will finalise an agreement to this effect in the fourth quarter, the company said …. Source article on Gaea Times at  : IBM to manage Bharti Airtel’s IT operations in Africa.

Amway India On A High

HIMACHAL PRADESH, INDIA (GaeaTimes.com)- Amway India, the direct selling FMCG giant is planning to set up a second manufacturing plant in India and it is likely to come up somewhere in South India. The news was admitted by a senior Amway India official. The company which is a member of Indian Direct Selling Association [..] Read the original article: here.

Only one in 10 graduate employment seekers will get jobs

BANGALORE – The Indian job market has picked up, yet only one out of 10 graduates seeking employment will find a job, says a survey on hiring trends in 2010.

“This year over 10.5 lakh (1.05 million) jobs are being created across sectors but one crore (10 million) aspirants are coming into the market,” managing director … Read more »»».

Sri Lanka says accidental blast in country’s east kills 20 people, including 2 Chinese

Sri Lanka: Accidental blast kills more than 20

COLOMBO, Sri Lanka – A government spokesman says an accidental blast of explosives meant for road construction in Sri Lanka’s east has killed 20 people, including two Chinese nationals.
Lakshman Hulugalla, a government security spokesman, says a container carrying the materials exploded accidentally in the eastern Batticaloa district. He …. Source  : Sri Lanka says accidental blast in country’s east kills 20 people, including 2 Chinese.

Obama to announce Wall Street critic Elizabeth Warren for powerful new consumer post Friday

Obama to name consumer advocate to new post Friday
WASHINGTON – President Barack Obama is making it official Friday: Wall Street critic Elizabeth Warren will be a special adviser overseeing the creation of a new consumer protection bureau with vast powers to enforce regulations covering mortgages, credit cards and other financial products.
Warren, a 61-year-old …. Source  : Gaea News Network.

Senate race in Pennsylvania turns rough as candidates, outside groups go on air

Pa. Senate race gets rough, fought through ads
MILL HALL, Pa. – For many in this stretch of rolling forests, small towns and dairy farms, images of the two U.S. Senate candidates are shaped by the steady stream of television commercials that cast Democrat Joe Sestak and Republican Pat Toomey as extremists who are … Read : Senate race in Pennsylvania turns rough as candidates, outside groups go on air.

Lawsuit says exclusive licensing deal for hot new SweeTango apple isn’t so sweet

Licensing deal for hot new apple comes under fire

HASTINGS, Minn. – Some growers fear a new breed of apple could put them out of business.
The SweeTango boasts a juicy crunch and intense sweet-tart flavor with a note of spice. It just entered its second year of limited release in the U.S.
It’s marketed by a select …. Source  : Gaea News Network.

Paul Writer launches India’s first community for B2B marketers

Bangalore (Karnataka), Sept.17 (ANI-Business Wire India): Paul Writer has launched India’s first community dedicated to B2B marketers at www.paulwriter.com. nvisioned as a place that provides the B2B marketing community access to high-quality content, discussion, and research in a single location, the site has already garnered over 21000 views since going live for beta testing.

“Our aim …. Read the original article  : here.

Shell agrees to sell Norwegian Statfjord field to Centrica Resources for $225 million

Shell sells Norwegian field for $225 million

AMSTERDAM – Royal Dutch Shell PLC says it has agreed to sell its stake in the Statfjord oil field in the Norwegian North Sea and several related assets to Centrica Resources AS for $225 million.
Shell said Friday its share in the mature field, 9.4 percent, produced 13,300 barrels of …. Source  : Gaea News Network.

Brazil creates 1.95 mn jobs

Rio de Janeiro, Sep 17 (IANS/EFE) The Brazilian government said it has created 1.95 million new jobs until August this year, almost double the number of last year.

Labour Minister Carlos Lupi said 2.5 million new jobs will be created this year in Brazil, more than in the last two years combined.
A total of 299,415 …. Original article on Gaea Times at  : Brazil creates 1.95 mn jobs.

Japan gets new foreign minister as Kan reshuffles Cabinet to put stamp on his administration

Cabinet shuffle gives Japan new foreign minister

TOKYO – Prime Minister Naoto Kan named a new foreign minister as part of his Cabinet reshuffle Friday, putting a new stamp on the administration after surviving a party leadership challenge earlier in the week.
Seiji Maehara, a security expert who was previously transport minister, will quickly be put to … Read the original article on Gaea Times at : Japan gets new foreign minister as Kan reshuffles Cabinet to put stamp on his administration.

Asian stock markets mostly higher amid confidence in regional growth prospects

Asian stock markets rise amid growth confidence

SINGAPORE – Asian stock markets were mostly higher Friday amid confidence the region’s growth will be sustained despite slower economic recoveries in developed nations. European shares also climbed.
Some moderation in Asia’s expansion is expected next year but growth rates are likely to remain well above those in the advanced … Read this article on Gaea Times at : Asian stock markets mostly higher amid confidence in regional growth prospects.

Obama names three Indians to panel for Asian Americans

WASHINGTON – President Barack Obama has named three Indian-Americans to the President’s Advisory Commission on Asian Americans and Pacific Islanders, a body to help them get increased access to and participation in federal programmes.

“Our nation will be well-served by the skill and dedication these men and women bring to their new roles. I look forward …. Source article  : Obama names three Indians to panel for Asian Americans.

Video game rakes in 128 mn pounds in one day

LONDON – A video game has smashed records by raking in a mind-boggling 128 million pounds in one day.

The video game – Halo: Reach – was released Tuesday and it sold over 330,000 copies in Britain alone, The Sun reported Friday.
The game casts players as genetically-enhanced marine battling to defend the human race from … Original source on Gaea Times at : Video game rakes in 128 mn pounds in one day.

Brazilian man to set up $1 bn electric car plant

Rio de Janeiro, Sep 17 (IANS/EFE) A Brazilian businessman will invest $1 billion to set up an electric vehicle manufacturing plant in the South American country.

Eike Batista, Brazil’s wealthiest man, said he is looking to invest $1 billion to manufacture battery-operated vehicles.
“We have space for new people and the electric car is something irreversible,” …. Read the original article  : Brazilian man to set up $1 bn electric car plant.

China approves 4 Taiwan banks to set up mainland branches

China approves Taiwan bank branches
TAIPEI, Taiwan – China has given approval to four Taiwanese banks to set up branches on the mainland, a major step toward financial cooperation between the sides.

The late Thursday announcement by the China Banking Regulatory Commission came just days after a landmark trade agreement took effect to bring their two economies … Read the original article on Gaea Times at : China approves 4 Taiwan banks to set up mainland branches.

China’s battery and autos maker BYD buys stake in Tibetan lithium miner

China’s BYD buys stake in Tibetan lithium miner

SHANGHAI – Chinese battery and autos maker BYD Co. said Friday it has agreed to buy an 18 percent stake in a Tibetan-based lithium and boron miner, moving to secure a strategically vital asset for its future growth.
BYD will pay 201.2 million yuan ($30 million) for its stake … Read : China’s battery and autos maker BYD buys stake in Tibetan lithium miner.

Maehara named new Japanese foreign minister as prime minister shuffles Cabinet

Japan gets new foreign minister in Cabinet shuffle

TOKYO – Seiji Maehara, a security expert and former transport minister, has been named Japan’s new foreign minister.
Maehara, 48, will replace Katsuya Okada, who will take up the No. 2 post in the ruling Democratic Party of Japan.
The Cabinet shuffle took place after Prime Minister Naoto Kan a …. Source  : Gaea News Network.

BlackBerry posts record revenue on Torch sales

TORONTO – Beating all negative forecasts and reports of less-than-enthusiastic response to its new Torch smart phone, BlackBerry maker Research in Motion (RIM) has posted a record profit for the second quarter.

RIM co-CEO Jim Balsillie ascribed the spectacular results to the BlackBerry Torch 9800 slider smart phone which was written off by many analysts immediately … Read more >>.

SJVNL declares Rs.328.20 crore dividend

SHIMLA – The Satluj Jal Vidyut Nigam Limited (SJVNL), which owns and operates the 1,500-MW Nathpa-Jhakri hydropower project in Himachal Pradesh, has declared a dividend of Rs.328.20 crore for 2009-10 fiscal, an official said here Friday.

“The annual general meeting Wednesday passed the dividend of Rs.0.80 per share amounting to Rs.328.20 crore, which works out to …. Read the original article  : SJVNL declares Rs.328.20 crore dividend.

Harry And David Declares Fiscal Loss

MEDFORD (GaeaTimes.com)- The famous American gourmet food company Harry and David on Friday announced that it has suffered a net loss of $39.2 million during the fourth quarter of fiscal budget 2010. The loss has increased over a year as in fiscal 2009, Harry and David mentioned a net loss of $20.2 million. The … Original source on Gaea Times at : Harry And David Declares Fiscal Loss.

Impressed by Argentina, Punjab to explore soy farming

CHANDIGARH – Argentina’s success in soy farming has prompted the Punjab government to explore that option for crop diversification, keeping in view the huge demand of soy oil in India, an official said Saturday quoting Deputy Chief Minister Sukhbir Singh Badal.

Badal, now on a visit to Argentina as member of a central delegation from … Read the original article on Gaea Times at : Impressed by Argentina, Punjab to explore soy farming.

INSIDE WASHINGTON: Mailing firm makes millions by helping Republicans in all seasons

INSIDE WASHINGTON: GOP mail group wears 2 hats

WASHINGTON – When Republican members of Congress need literature to send out to constituents on their doings in office, dozens turn to a Utah firm that churns out slick, full-color mailers at taxpayer expense.
When they need political mailers designed to get them re-elected, some of them turn to …. Source article  : INSIDE WASHINGTON: Mailing firm makes millions by helping Republicans in all seasons.

Sensex surges 795 points on strong economic outlook (Weekly Review)

MUMBAI – A benchmark index for Indian equities surged almost 800 points in this week’s trading, the sharpest rally in over a year, as foreign institutions invested heavily on the back of strong macro-economic outlook.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) rallied 795.09 points or 4.23 percent in the weekly …. Source  : Gaea News Network.

Democrats are running ads on outsourcing in hopes of gaining back ground on economy

Dems try to tap voter anger over job loss overseas

WASHINGTON – Businessman Randy Altschuler had barely won a Republican primary for Congress when New York Democratic Rep. Tim Bishop unleashed a television ad christening him an “outsourcing pioneer” who sent jobs overseas while millions of Americans struggle.
“The company is really about Sri Lanka, the Philippines, …. Read the original article  : here.

Sen. Murkowski says she’s mounting write-in candidacy to hold seat after GOP primary upset

Sen. Murkowski mounting write-in bid for Senate
JUNEAU, Alaska – In the weeks following her defeat in the GOP primary, U.S. Sen. Lisa Murkowski went back and forth over whether to re-enter the race as a write-in candidate or accept life outside Washington and a role other than Alaska’s senior senator.
On Friday, Alaskans learned … Read more : Sen. Murkowski says she’s mounting write-in candidacy to hold seat after GOP primary upset.

Travelers spends $720,000 on lobbying about insurance reform in 2nd quarter

Travelers spends $720,000 on lobbying in 2nd qtr

NEW YORK – The Travelers Cos. Inc. spent $720,000 in the second quarter to lobby the federal government on insurance reform and other issues, according to a disclosure report.
That’s about 12 percent less than the $820,000 the Hartford, Conn.-based insurer spent in the year-ago period, and 8 percent …. Source article  : Travelers spends $720,000 on lobbying about insurance reform in 2nd quarter.

Prudential Financial spends $2.89 million lobbying on financial reform in 2nd quarter

Prudential spends $2.89 million lobbying in 2Q

NEW YORK – Prudential Financial Inc. spent $2.89 million in the second quarter to lobby the federal government on financial reform and other issues, according to a disclosure report.
That’s about 55 percent more than the $1.73 million Prudential spent in the year-ago period, and 71 percent more than the … Read this article on Gaea Times at : Prudential Financial spends $2.89 million lobbying on financial reform in 2nd quarter.

2 creditors file reorganization plan in Tribune Co.’s bankruptcy case ahead of negotiations

2 creditors file Chapter 11 plan in Tribune case

NEW YORK – Two major creditors in the Tribune Co. bankruptcy case filed a proposed reorganization plan for the media company Friday. It seeks to speed up the company’s exit from Chapter 11 by giving creditors the right to sue key players involved in the 2007 leveraged … Read more : 2 creditors file reorganization plan in Tribune Co.’s bankruptcy case ahead of negotiations.

Judge to decide by Oct. 1 whether to delay merger of United, Continental while suit is pending

Judge mulls delaying merger of United, Continental

SAN FRANCISCO – A federal judge is considering whether to delay the merger of Continental Airlines Inc. and United Airlines Inc. while an antitrust lawsuit is pending.
San Francisco lawyer Joseph Alioto filed a lawsuit in June on behalf of 49 air travelers who allege the merger will lead to … Original source on Gaea Times at : Judge to decide by Oct. 1 whether to delay merger of United, Continental while suit is pending.

National Association of Manufacturers spent $1.11 million lobbying in 2nd quarter

Manufacturing group spent $1.11M in 2Q lobbying

SEATTLE – The National Association of Manufacturers spent $1.11 million lobbying the federal government during the second quarter, according to a recent disclosure report.
That’s up slightly from the $1.05 million it spent lobbying in the same quarter of last year.
The organization, which represents manufacturers nationwide, lobbied on the federal …. Source  : National Association of Manufacturers spent $1.11 million lobbying in 2nd quarter.

Judge sets rules for Philly newspapers auction next week; bidding to start at $50M

Judge: New Philly newspaper bids to start at $50M

PHILADELPHIA – A bankruptcy judge has set the ground rules for next week’s auction of Philadelphia’s two major newspapers.
The Philadelphia Inquirer and Philadelphia Daily News are back on the auction block because creditors this week walked away from a planned $139 million bankruptcy sale.
Potential buyers will need … Read more >>.

Alcohol unaffected by recession in Russia

MOSCOW – Production of alcohol such as vodka, beer and wine in Russia has not been affected by the global economic crisis, according to the federal statistics bureau Rosstat.

Manufacturers in Russia have increased production, with factories producing 7.8 decalitres of vodka in August this year, 7.8 percent more than in August 2009.
Table wine production …. Original source  : Alcohol unaffected by recession in Russia.

General Motors bringing back about 480 of idled Spring Hill workers to make 4-cylinder engines

GM bringing back 480 workers to Spring Hill plant

SPRING HILL, Tenn. – General Motors is bringing back hundreds of idled workers to build a new generation of four-cylinder engines at the Tennessee plant where the Saturn brand was launched two decades ago.
But GM North America President Mark Reuss said production of any new car at … Read more : General Motors bringing back about 480 of idled Spring Hill workers to make 4-cylinder engines.

Oil flowing again through pipeline after break leaked hundreds of thousands of gallons in Ill.

Oil flowing again through Ill. pipeline
ROMEOVILLE, Ill. – Officials have reopened an oil pipeline that was shut down after leaking hundreds of thousands of gallons of crude oil near Chicago.

Pipeline owner Enbridge Energy Partners said repairs were completed this week and oil began flowing through the line early Friday.
The pipeline had been shut down since … Original source on Gaea Times at : Oil flowing again through pipeline after break leaked hundreds of thousands of gallons in Ill..

Regulators shut down 3 Georgia banks, 1 each in NJ, Ohio, Wis; makes 125 US failures this year

Regulators close 6 banks in Ga, NJ, Ohio, Wis

WASHINGTON – Regulators on Friday shut down three Georgia banks and one each in New Jersey, Ohio and Wisconsin, boosting to 125 the number of U.S. bank failures this year amid the tough economic climate and growing loan defaults.
The Federal Deposit Insurance Corp. on Friday took over …. Original article  : Regulators shut down 3 Georgia banks, 1 each in NJ, Ohio, Wis; makes 125 US failures this year.

In book, Jimmy Carter says Iranian hostage crisis, Kennedy challenge big factors in 1980 loss

Carter: Iran rescue effort should have worked
WASHINGTON – Former President Jimmy Carter felt his efforts to rescue U.S. diplomats held hostage by Iran should have worked but were thwarted by a “strange series of mishaps,” and the mission’s failure played a major role in his 1980 re-election defeat, …. Source article  : In book, Jimmy Carter says Iranian hostage crisis, Kennedy challenge big factors in 1980 loss.

City says would-be Coyotes buyer provides $25 million to cover losses

Would-be Coyotes buyer submits $25 million

PHOENIX – The city of Glendale says a prospective buyer of the Phoenix Coyotes, “in a show of good faith,” has deposited $25 million in an escrow account.
The figure is equal to the amount of city funds Glendale had deposited, at the NHL’s insistence, to cover potential losses for the … Read : City says would-be Coyotes buyer provides $25 million to cover losses.

Cycling CEO: Despite frustrating headlines, cycling’s drug testing methods are working

USA Cycling CEO says sport testing effective

GREENVILLE, S.C. – USA Cycling CEO Sean Petty says the sport’s drug testing methods surpass all other major sports and have been effective at catching cheaters.
Petty said Friday that enhanced measures in recent years like more advanced blood tests, biological passports for riders and medical monitoring for teams have … Read : Cycling CEO: Despite frustrating headlines, cycling’s drug testing methods are working.

Biden rallies Democratic volunteers in push to keep control of Delaware Senate seat

VP Biden rallies Democrats in Del. Senate race

WILMINGTON, Del. – Vice president Joseph Biden rallied Democratic Party volunteers in his home state Friday, encouraging them to keep up the fight to keep the Senate seat he held for more than 35 years.
“Take this as serious as you possibly can,” Biden said in his pep talk …. Original article  : Biden rallies Democratic volunteers in push to keep control of Delaware Senate seat.

Gains seen for rising powers like India at G20 Summit

NEW DELHI – Restructuring the 66-year-old International Monetary Fund (IMF) with a greater say for countries like India and measures to ensure sustained global economic recovery will top the agenda of the coming G20 Seoul Summit, a top official has said.

“I hope substantive decisions will be taken on IMF reform at the November Seoul Summit. …. Source  : Gaea News Network.

Banks shut door on India’s all-women cab service

NEW DELHI – When Revathi Siddhartha Roy ferried her first passenger from the international airport in Mumbai in 2007, she unleashed a gender revolution on the streets, powering the only cab service by women and for women in India. But three years later she is struggling to keep it on the roads as both banks … Original article on : Banks shut door on India’s all-women cab service.

Brazil to build 10 hydro power plants in 2010

Sao Paulo, Sep 19 (IANS/EFE) The Brazilian government plans to set up 10 hydroelectric power plants this year with an aim to generate 4,000 MW of electricity, an official said.

The government has already submitted plans for three large hydroelectric projects to the Court of Auditors and it has plans to do the same with other …. Original article  : Brazil to build 10 hydro power plants in 2010.

Obama, Southeast Asian leaders want South China Sea disputes resolved peacefully, draft says

Obama, ASEAN to call for peaceful end to sea spats

MANILA, Philippines – President Barack Obama and Southeast Asian leaders will call for the peaceful settlement of South China Sea territorial disputes and urge claimants not to resort to force, according to a draft communique.
Washington upped the ante in July, when U.S. Secretary of State Hillary … Original article on : Obama, Southeast Asian leaders want South China Sea disputes resolved peacefully, draft says.

The new iPod touch: practically a smartphone

SAN FRANCISCO – Apple has reloaded the iPod. The world’s most watched gadget maker can now legitimately claim that the new version of the iPod touch is more than just an MP3 player.

Most notably, the device now includes the “Face Time” video conferencing service, allowing users to telephone over the internet.
The iPod touch, the … Read more »»».

INSIDE WASHINGTON: Whether policy or politics, Utah mailing firm makes millions from GOP

INSIDE WASHINGTON: Millions made in GOP mailings

WASHINGTON – When Republican members of Congress need literature to send out to constituents on their doings in office, dozens turn to a Utah firm that churns out slick, full-color mailers at taxpayer expense.
When they need political mailers designed to get them re-elected, some of them turn to the … Read this article on Gaea Times at : INSIDE WASHINGTON: Whether policy or politics, Utah mailing firm makes millions from GOP.

With Dodgers in disarray, Torre figured out it was a good time to walk away

Team in disarray, Torre knows to walk away

Joe Torre was never going to stay around long anyway.
His stint out West always had an expiration date, so Torre’s decision to ditch the convertible and green tea lifestyle for something more familiar wasn’t all that surprising. His contract is up, the Dodgers are broke, and the legal …. Original article  : With Dodgers in disarray, Torre figured out it was a good time to walk away.

Change in store on top dugout step: Dozens of manage changes could be in works this winter

Managers across baseball could be switching places

SAN FRANCISCO – From the Bronx to Chavez Ravine, from Lake Michigan north to Toronto, managers across the majors could be on the move this winter.
Free agency for skippers? That very well might be the case in what is shaping up to be a busy offseason of switcheroos for … Read more : Change in store on top dugout step: Dozens of manage changes could be in works this winter.

Russian gay rights activist says he was seized by agents, pressured to withdraw court cases

Russian gay activist says he was seized by agents

MOSCOW – A prominent Russian gay rights activist who vanished from a Moscow airport this week said Saturday he is back in the capital after being held for more than two days by men he believes were state security agents.
The disappearance of Nikolai Alexeyev from Domodedovo Airport … Original article on : Russian gay rights activist says he was seized by agents, pressured to withdraw court cases.

Colleges get edgier to stand out in marketing campaigns _ but will it get a failing grade?

Will edgier college marketing get a failing grade?

Drake University hoped a bold, blue “D+” on a direct-mail piece and its admissions website would grab the attention of high school kids inundated with same-old, same-old college recruitment material.
What looked like a pretty bad grade was supposed to entice teenagers to take a closer look at the …. Original article on Gaea Times at  : Colleges get edgier to stand out in marketing campaigns _ but will it get a failing grade?.

Sienna and Savannah Miller seek inspiration in American West for London catwalk show

Sienna and Savannah Miller design catwalk show

LONDON – You had to use your imagination to see the influence of Joni Mitchell, Jack Kerouac and director Wim Wenders in the impressive catwalk show by actress Sienna Miller and designing sister Savannah Miller at London Fashion Week Saturday.
But those were the inspirations the unique designing team of … Read the original article on Gaea Times at : Sienna and Savannah Miller seek inspiration in American West for London catwalk show.

Bamboo can help save ecology: Vice president

KOHIMA – Vice President M. Hamid Ansari Saturday said the importance of bamboo has increased in the backdrop of global concerns of ecology and environment and the looming threat of global warming and climate change.

“Bamboo is emerging as the most viable wood substitute,” Ansari said, while addressing the first ever World Bamboo Day function at … Read more »»».

Over 500 global brands to participate in UAE expo

Abu Dhabi, Sep 18 (IANS/WAM) Over 500 global brands from over 30 countries will be showcasing their latest products at the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) 2010, organisers said Saturday.

The four-day annual extravaganza starting Sep 22 will bring together companies involved in hunting, safari, weaponry, falconry, equestrian and outdoor sporting equipment. … Original article on : Over 500 global brands to participate in UAE expo.

Agra’s tourism, trade groups to boycott Queen’s Baton

AGRA – Half a dozen tourism and travel organisations in Agra plan to boycott the welcome function for the Queen’s Baton next week ahead of the Commonwealth Games in Delhi, a representative of the protesters said Saturday.

Rajeev Tiwari, the chief spokesperson speaking on behalf of all the associations told IANS: “This is our response to …. Source article  : Agra’s tourism, trade groups to boycott Queen’s Baton.

Sri Lanka police say detonators stored with dynamite likely caused deadly explosion

Police: Safety lapse likely caused Sri Lanka blast

COLOMBO, Sri Lanka – Improperly stored detonators are likely to have triggered a dynamite explosion that killed 25 people and injured dozens in eastern Sri Lanka, police said.
Three containers of explosives used for road construction exploded Friday inside a police compound, destroying the police station and a nearby …. Source article  : Sri Lanka police say detonators stored with dynamite likely caused deadly explosion.

Penguins offer free preseason game to promote Pittsburgh-area jobs to young educated fans

Penguins offer freebie game with job-hunting twist

PITTSBURGH – When the Pittsburgh Penguins host the Columbus Blue Jackets next Saturday in the second hockey game ever at the brand-new Consol Energy Center, team CEO David Morehouse expects a full house of 18,000 and gate receipts of $0.
He couldn’t be happier about either number.
In what’s believed to … Read more >>.

Obama scolds Republicans for blocking campaign finance rules; GOP promotes spending freeze

Obama lectures GOP on campaign finance bill stall

WASHINGTON – Stop blocking legislation to limit the amount of money corporations and unions can spend on campaign advertising, President Barack Obama is telling Republicans, saying their strategy is “politics at its worst.”
“This is common sense,” Obama said in his weekly radio and Internet address Saturday. “In fact, …. Original article  : Obama scolds Republicans for blocking campaign finance rules; GOP promotes spending freeze.

Government urged not to cut duty drawback rates

NEW DELHI – Indian exporters Saturday urged the central government to defer its decision to cut duty drawback rates, saying it would negatively affect exports of items like textiles, leather and handicrafts.

“Reduction in rate will further affect the export of sectors which are showing negative or single digit growth. Reduction of drawback for apparel, …. Source  : Government urged not to cut duty drawback rates.

Alaska Sen. Murkowski mounting write-in candidacy to hold seat after GOP primary upset

Murkowski mounting write-in bid for Alaska Senate

JUNEAU, Alaska – In the weeks following her defeat in the GOP primary, U.S. Sen. Lisa Murkowski went back and forth over whether to re-enter the race as a write-in candidate or accept life outside Washington and a role other than Alaska’s senior senator.
On Friday, Alaskans learned her decision: [..] Read the original article: here.

World leaders to focus on achieving goals they set to help the world’s poorest by 2015 target

World leaders to spotlight goals to help poor

UNITED NATIONS – At the dawn of the new millennium, world leaders pledged to tackle poverty, disease, ignorance and inequality – and went beyond generalities to commit themselves to specific goals. Progress has been made over the past decade, but many countries are still struggling to meet the …. Original source  : World leaders to focus on achieving goals they set to help the world’s poorest by 2015 target.