Attorneys switch gears in McCourt case and will discuss possible settlement

Settlement talks Friday in McCourt divorce case

LOS ANGELES – Attorneys in the divorce trial of Jamie and Frank McCourt will now focus on negotiating a possible settlement starting Friday after nine days of sometimes contentious testimony that could determine future ownership of the Los Angeles Dodgers.
Lawyers on both sides are scheduled to meet in a … Read more »».

Financial Technologies Shares Stumble

MUMBAI, INDIA (Gaea Times.com) – The shares of Financial Technologies had their worst decline in two years and their biggest one day drop after SEBI (Securities & Exchange Board Of India) rejected the application of MCX-SX (Multi Commodity Exchange- Stock Exchange) to operate an equity exchange. SEBI alleged that the two promoters MCX (Multi Commodity … Read more >>.

Energy industry officials say they need more than an hour to report oil spills, gas leaks

Energy officials: Time needed to report incidents

WASHINGTON – A bill that would require pipeline operators to report oil spills, gas leaks and other incidents within one hour doesn’t provide enough time, energy industry officials said Thursday.
The industry is under scrutiny after a natural gas explosion in California this month that killed seven people and destroyed …. Source  : Energy industry officials say they need more than an hour to report oil spills, gas leaks.

Asian stock markets fall after European slump, Wall Street succumbs to US job worries

Asian shares slide after disappointing US job news

TOKYO – Asian stock markets fell Friday after a jump in U.S. unemployment claims led to a disappointing day on Wall Street.
Japan’s Nikkei 225 stock average lost 1.3 percent to 9,443.57 in broad-based declines. A strong yen kept pressure on exporters like automakers. Japanese financial markets were closed …. Source article on Gaea Times at  : Asian stock markets fall after European slump, Wall Street succumbs to US job worries.

Mahindra Satyam Stock Price Depends On Financial Results

MUMBAI, INDIA (Gaea Times.com) – Mahindra Satyam stock price has declined by 1.46% after having risen for three consecutive sessions. The shares rose by 16% this week and 33% this month but this bullish trend seems to have been temporarily paused with a slight fall. This small fall in the shares is not of … Read this article on Gaea Times at : Mahindra Satyam Stock Price Depends On Financial Results.

Money fund assets fell by $10.63 billion to $2.803 trillion in latest week

Money fund assets fell to $2.803T in latest week

NEW YORK – Total money market mutual fund assets fell $10.63 billion to $2.803 trillion for the week, the Investment Company Institute said Thursday.
Assets of the nation’s retail money market mutual funds fell $6.36 billion in the latest week to $958.21 billion.
Assets of taxable money market funds … Read more >>>.

UN session seeks to kick-start ’sleeping conference’ and cut off nuclear bomb material

UN session seeks to kick-start stalled nuke talks

UNITED NATIONS – Moving quickly on a treaty to shut down all production of uranium and plutonium for atomic bombs is an “essential step” toward global nuclear disarmament, says a new coalition of nuclear-activist nations.
Negotiations for the long-proposed Fissile Material Cutoff Treaty, blocked by Pakistan at the Conference … Read this article on Gaea Times at : UN session seeks to kick-start ’sleeping conference’ and cut off nuclear bomb material.

M.F. Husain’s poem in his own hand on sale

NEW DELHI – A rare handwritten Hindi poem by artist M.F. Husain, “Mere Dil ki Dhadkan…(The beat of my heart)”, is one of the prized pieces at an exhibition of art, “Weaving Legacy 10″ here, and it is on sale.

The poem, composed in a stylised manner with accompanying line drawings and doodles on four …. Source article on Gaea Times at  : M.F. Husain’s poem in his own hand on sale.

African Union appeals for funds to increase AU force in Somalia from 8,000 to 20,000

Africans seek funds to increase Somali force

UNITED NATIONS – The African Union appealed for funds to increase its force in conflict-wracked Somalia from the current 8,000 ceiling to 20,000.
AU executive chairman Jean Ping said after a ministerial mini-summit on Somalia that Uganda is ready to provide the troops to increase the force, but money is … Read : African Union appeals for funds to increase AU force in Somalia from 8,000 to 20,000.

Train services resume on Kalka-Shimla track

SHIMLA – Train services resumed on the Kalka-Shimla railway line Friday morning, a day after massive landslides in Himachal Pradesh snapped traffic, an official said here.

“The to and fro traffic between Shimla and Kalka was restored. All trains would operate as per their scheduled timing,” station superintendent G.S. Rajput told IANS.
He said traffic remained … Read : Train services resume on Kalka-Shimla track.

India-Canada trade to triple in five years: Anand Sharma

TORONTO – India’s Commerce and Industry Minister Ananda Sharma said here Thursday that his country’s “strategic partnership” with Canada will triple bilateral trade in the next five years to $15 billion.

Sharma, who is here with a high-powered delegation of business and industry leaders to further “strategic dialogue” between the two countries, said there was an … Read more : India-Canada trade to triple in five years: Anand Sharma.

Indian IT firms will consolidate, focus on Europe, Asia-Pacific

NEW DELHI – The Indian information technology sector is likely to witness heavy consolidation in the coming months as mid-size companies struggle to sustain growth amid a rising anti-outsourcing tirade in the United States.

“We expect many mergers and takeovers in the IT sector. It will be among Indian companies and also overseas deals. This is … Original article on : Indian IT firms will consolidate, focus on Europe, Asia-Pacific.

Economy improving, says Spanish premier

New York, Sep 24 (IANS/EFE) Prime Minister Jose Luis Rodriguez Zapatero has said that Spain’s housing prices have bottomed out and that the nation’s economy will continue to improve.

“The price of housing has touched bottom and won’t fall any more,” Zapatero told CNBC anchor Maria Bartiromo.
“In fact, over the last two or three months, …. Original source  : Economy improving, says Spanish premier.

Hyundai i10 New Model Unveiled

DELHI, INDIA (GaeaTimes.com)- Hyundai Motor India Limited which is one of the leading car makers in India has recently unveiled the refreshed version of its flagship compact car i10. The new hatchback has got a facelift and comes with a number of exciting new features. The move on part of Hyundai is predictable since …. Original article on Gaea Times at  : Hyundai i10 New Model Unveiled.

Brazil’s state-run oil company Petrobras raises $70B in world’s largest share offering

Petrobras raises $70B in biggest share offer

SAO PAULO – Brazil’s state-run oil company raised $70 billion in the world’s largest share offering, proceeds that will be used to tap some of the largest oil reserves discovered in decades.
Despite concerns about a growing government role in Petroleo Brasileiro SA, or Petrobras, investors showed extremely strong demand …. Read the original article  : here.

Brazil oil company Petrobras aims at offshore reserves with $70B stock offer, world’s largest

Petrobras raises $70B in offer, world’s largest

SAO PAULO – The exploration and production of Brazil’s massive offshore oil reserves is the driving force behind the globe’s biggest share offering ever, as the South American nation’s state-run energy company raised $70 billion.
Getting to the reserves – some of the largest finds in decades – will require …. Source  : Gaea News Network.

Japan intervenes in currency market to weaken strong yen for 2nd time in just over a week

Japan intervenes in market again to weaken yen

TOKYO – Traders said the Bank of Japan intervened in the currency market to weaken the yen Friday for the second time in just over a week.
In early afternoon trading Friday in Tokyo, the dollar jumped suddenly from mid-84 yen to as high as 85.38 yen.
“It appears that …. Source article on Gaea Times at  : Japan intervenes in currency market to weaken strong yen for 2nd time in just over a week.

Campbell board declares dividend of 27.5 cents per share, payable Nov. 1 to shareholders

Campbell OKs dividend of 27.5 cents per share

CAMDEN, N.J. – Campbell Soup Co. said Thursday its board of directors approved a cash dividend of 27.5 cents per common share.
The soup maker will pay the dividend on Nov. 1 to shareholders of record on Oct. 12.
Shares of Campbell fell 20 cents to $36.33 in afternoon trading … Read the original article on Gaea Times at : Campbell board declares dividend of 27.5 cents per share, payable Nov. 1 to shareholders.

Democratic Party of Wisconsin criticizes Johnson, claiming he got job because of federal grant

Democrats criticize Johnson for federal grant

MILWAUKEE – The Democratic Party of Wisconsin is criticizing Republican U.S. Senate candidate Ron Johnson for criticizing the federal stimulus bill, claiming a federal grant may have helped him get his job.
Johnson has been critical of his Democrat opponent Sen. Russ Feingold, who voted for the stimulus.
The Democratic party released … Read more >>>.

Warren Buffett says economy still in recession, because most people still worse than before

Buffett: Recession continues, by his definition

OMAHA, Neb. – Billionaire Warren Buffett says the economy remains in a recession, by his definition, because most people and businesses still aren’t doing as well as they were before the financial crisis.
Buffett talked about the economy and his Berkshire Hathaway Inc. businesses in an interview that aired Thursday on …. Source  : Warren Buffett says economy still in recession, because most people still worse than before.