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’.

Sensex continues strong, up 308 points

MUMBAI – A benchmark index for Indian equities built on its early morning gains and was ruling almost 308 points higher than its previous close in afternoon trade Monday.

Other Asian markets too rallied, strengthening the buying sentiment at the bourse here.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened … Read : Sensex continues strong, up 308 points.

World shares climb, following US, as fears of double-dip recession ease

World markets climb as double-dip fears ease

SINGAPORE – World stocks advanced Monday following solid gains in the U.S. as fears eased that the global economy could slip back into recession.
Most investors took heart after the U.S. Labor Department on Friday said private employers added 67,000 jobs in August, more than analysts expected. However, the jobless …. Original source  : World shares climb, following US, as fears of double-dip recession ease.

IGCAR to develop advanced boiler for coal- fired power plants

CHENNAI – The Indira Gandhi Centre for Atomic Research (IGCAR) in Kalpakkam has decided to design and develop a 800 MW advanced, ultra super-critical boiler for use in coal-fired power plants.

IGCAR has signed a Memorandum of Understanding (MoU) with power equipment manufacturer BHEL and power generating company NTPC.
As per plans, IGCAR will design …. Source article on Gaea Times at  : IGCAR to develop advanced boiler for coal- fired power plants.

Oil hovers above $74 a barrel in Asia as traders eye US unemployment, China demand

Oil hovers above $74 as traders eye US economy

SINGAPORE – Oil prices slipped to near $74 a barrel Monday in Asia as traders weighed whether growing Chinese demand can offset weak U.S. fuel consumption amid high unemployment.
Benchmark oil for October delivery was down 25 cents at $74.35 a barrel at late afternoon Singapore time in … Read : Oil hovers above $74 a barrel in Asia as traders eye US unemployment, China demand.

RCom calls off tower deal with GTL Infra

NEW DELHI – Anil Ambani-promoted Reliance Communications (RCom) Monday said it is not going ahead with the merger of its telecom tower arm with GTL Infra and would scout for other prospective investors.

“RCom is engaged in discussions with other strategic and financial investors to pursue a similar transaction aimed at significant reduction in the company’s …. Source article  : RCom calls off tower deal with GTL Infra.

Star of documentary on Japan’s dolphin hunt says activists may need to ease up to end killing

‘The Cove’ star: Dolphin activists need to ease up

TOKYO – The star of an Oscar-winning documentary about a Japanese village’s infamous dolphin hunt said Monday that activists trying to stop the killing might need to back off and allow the Japanese people to tackle the issue themselves.
“The Cove” highlighted the story of a handful of … Read more : Star of documentary on Japan’s dolphin hunt says activists may need to ease up to end killing.

Twinings tells staff to train foreign replacements

LONDON – Employees at a famous tea firm in Britain are in a shock after they came to know that they would have to train foreign workers who will replace them.

Twinings, founded in 1706, announced last year it would be closing its factory in North Shields town with the loss of 263 jobs, the Daily …. Original source  : Twinings tells staff to train foreign replacements.

Star cornerback Darrelle Revis agrees to terms on 4-year deal with Jets

Revis, Jets agree to terms on 4-year deal
NEW YORK – Revis Island is open for business again – just in time for the New York Jets to start their Super Bowl run.

All-Pro cornerback Darrelle Revis and the Jets agreed in principle to a four-year contract Sunday night, reaching a deal a week before the team’s …. Source article on Gaea Times at  : Star cornerback Darrelle Revis agrees to terms on 4-year deal with Jets.

WTO chief wants G20 leaders to discuss pushing forward global trade deal

WTO chief wants G20 push on global trade deal
SEOUL, South Korea – Group of 20 leaders should use their November summit to make a serious push for the conclusion of stalled global trade negotiations, the head of the WTO said Monday.
World Trade Organization talks aimed at a new global commerce pact – the … Read : WTO chief wants G20 leaders to discuss pushing forward global trade deal.

China praises ’sound’ relationship with US during talks with economic, security officials

China praises ’sound, stable’ relationship with US
BEIJING – Senior U.S. and Chinese officials met Monday to steady relations beset by tensions over currency, trade and military affairs.
With crucial elections coming up in November, U.S. President Barack Obama is under huge pressure to kick-start the economy with unemployment at just under 10 percent. China’s …. Source  : China praises ’sound’ relationship with US during talks with economic, security officials.

Using algae to trap carbon dioxide, Orissa show how

NEW DELHI – The green slimy algae can play a major role in reducing carbon dioxide in the atmosphere and cleaning industry-polluted air. The Orissa government is launching a project to capture carbon dioxide using algae, the first such venture in India, with the rising number of industries in the state.

The Rs.95-lakh/Rs 9.5 million project … Read the original article on Gaea Times at : Using algae to trap carbon dioxide, Orissa show how.

Asian shares climb, following US, as fears of double-dip recession ease

Asian markets climb as double-dip fears ease

SINGAPORE – Stocks in Asia advanced Monday following solid gains in the U.S. as fears eased that the global economy could slip back into recession.
Most investors took heart after the U.S. Labor Department on Friday said private employers added 67,000 jobs in August, more than analysts expected. However, the … Read : Asian shares climb, following US, as fears of double-dip recession ease.

Work on first fast-breeder fuel cycle facility next year

CHENNAI – Work on India’s first fast-breeder fuel cycle facility (FRFCF) is expected to start next year with the project’s regulatory clearances reaching the final leg.

“Construction work on the Rs.5,000-crore facility is expected to start in 2011 and get over by the end of the 12th Five Year Plan period,” Baldev Raj, director of …. Original source  : Work on first fast-breeder fuel cycle facility next year.

Pulsar 220 New Model Launched

COLOMBO, SRI LANKA (GaeaTimes.com)- Bajaj Auto which is one of the leading India based motorbike manufacturers has recently launched a revamped version of its popular Pulsar model in Sri Lanka. The revamped Pulsar 220 boasts of a plethora of new features and stylish looks. The new version labeled Pulsar 220 DTS-I has … Read : Pulsar 220 New Model Launched.

Chinese official defends trade policy, says Beijing will boost imports, help world recovery

China vows to boost imports, help world recovery
BEIJING – A Chinese official defended the country’s trade record Monday as a top economic adviser to President Barack Obama visited Beijing amid renewed pressure by American lawmakers over Chinese currency controls.
China’s deputy trade envoy, Chong Quan, rejected complaints that Beijing intentionally boosts its trade surplus …. Original article  : Chinese official defends trade policy, says Beijing will boost imports, help world recovery.

Sensex soars in early trade

MUMBAI – A benchmark index for Indian equities soared in early trade Monday and was ruling 130 points higher within minutes of opening bell.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,124.29 points, was at 18,352.68 points, 131.25 points or 0.72 percent up from its previous close at 18,221.43 …. Source article on Gaea Times at  : Sensex soars in early trade.

Oil slips to near $74 a barrel in Asia as high US unemployment bodes ill for crude demand

Oil slips to near $74 as US jobless rate rises

SINGAPORE – Oil prices slipped to near $74 a barrel Monday in Asia as a stubbornly high U.S. unemployment rate undermined confidence in stronger demand for fuel.
Benchmark oil for October delivery was down 35 cents at $74.25 a barrel at midday Singapore time in electronic trading …. Read the original article  : Oil slips to near $74 a barrel in Asia as high US unemployment bodes ill for crude demand.

Money Market Operations as on Sep 03, 2010

…. Read the original article  : Money Market Operations as on Sep 03, 2010.

Asian shares climb after solid gains on Wall Street, as US jobs data beats expectations

Asian markets climb after positive US jobs data

TOKYO – Stocks in Asia nudged higher in early trade Monday, after shares in the U.S. rose last week on the back of strong jobs data.
Japan’s benchmark Nikkei 225 stock index was up 1.1 percent, or 96.79 points, at 9211.82. South Korea’s Kospi rose 0.4 percent, or 7.49 …. Source article on Gaea Times at  : Asian shares climb after solid gains on Wall Street, as US jobs data beats expectations.

YouTube launches Hebrew interface

JERUSALEM – Online video sharing website YouTube has launched a Hebrew-language interface in Israel, which will allow the users to view and share Hebrew contents on the website.

The new interface allows customisation of the popular video site in order to properly view Hebrew language content, Xinhua reported quoting the Israel Globes business website.
“Two … Original article on : YouTube launches Hebrew interface.

China rejects currency pressure amid visit by US envoys, says Beijing will set pace of change

China rejects currency pressure amid US visit

BEIJING – China rejected pressure over currency Tuesday amid a visit by two high-level U.S. envoys, saying Beijing will set the pace of exchange rate reforms.
Currency has re-emerged as an irritant in U.S.-Chinese relations as American leaders face pressure to create jobs ahead of November elections. Lawmakers who want … Read this article on Gaea Times at : China rejects currency pressure amid visit by US envoys, says Beijing will set pace of change.

Strike paralyses parts of India (Afternoon Lead)

KOLKATA/NEW DELHI – Millions of people struck work and scores of flights were cancelled as a 24-hour nationwide strike called by eight trade unions against rising prices and privatisation disrupted life in parts of India, particularly those ruled by Left parties.

The strike was virtually complete in the Communist Party of India-Marxist (CPI-M) ruled states … Read the original article on Gaea Times at : Strike paralyses parts of India (Afternoon Lead).

Travel misery for millions as Tube strike hits London

LONDON – A strike by workers on the London Underground (Tube) caused severe disruption and delays for millions of travellers Tuesday, early reports showed.

Maintenance staff, drivers and station employees joined a 24-hour strike called by unions in protest against staff cuts which they claim pose a threat to security on the line and at unmanned …. Read the original article  : Travel misery for millions as Tube strike hits London.

High gold prices leave Ahmedabad’s small time jewelers worried

AHMEDABAD – At least 60 percent of small-scale jewellery businesses have been affected in Ahmedabad as the price of gold increasing.

With the festival season round the corner, the number of customers at jewellery shops is dwindling, leaving shopkeepers worried.

“Ahmedabad …. Source article  : High gold prices leave Ahmedabad’s small time jewelers worried.

Sensex holding up, but choppy

MUMBAI – A benchmark index for Indian equities opened on a positive note Tuesday and is ruling 61 points higher than its previous close in afternoon trade.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,571.73 points, is at 18,623.53 points, 63.48 points or 0.34 percent up from its previous …. Source  : Gaea News Network.

Report: China passenger car sales up 18 percent in August, on subsidies, lower prices

Report: China passenger car sales up 18 pct in Aug

SHANGHAI – Sales of passenger cars in China – the world’s biggest market – rose 18 percent in August from a year earlier, a report said Tuesday, as government subsidies and price cuts by dealers helped spur demand.
Passenger car sales totaled 1.02 million vehicles in August, … Original source on Gaea Times at : Report: China passenger car sales up 18 percent in August, on subsidies, lower prices.

Kolkata-Dhaka Maitree Express cancelled Sept 11-12

NEW DELHI – Maitree Express, running between Kolkata and Dhaka, will not make its weekend trips this week on account of Eid.

A decision to cancel the weekend trips of the bi-weekly train, leaving Kolkata Sept 11 and returning from Dhaka the following day, has been taken on the request of Bangladesh Railway, said an official [..] Read the original article: here.

Indian firms to up hiring in October-December quarter: Survey

NEW DELHI – Indian companies are planning to add headcount to their payrolls in the quarter ending December, with education sector leading the way, according to a survey released Tuesday.

“Job seekers can remain excited about new job opportunities in India as India’s employers expect the hiring momentum to continue at a robust pace going into …. Source  : Gaea News Network.

Finnair to start daily Helsinki-Delhi service from January

HELSINKI – Nordic carrier Finnair will start a daily service between Helsinki and New Delhi from the first week of January while making takeoff and landing times from and to the Indian capital more convenient for passengers soon.

“Our passenger load factor has been the highest from Asia, notably India. We are waiting for deliveries of …. Original article  : Finnair to start daily Helsinki-Delhi service from January.

Trade unions’ strike hits life, businesses in Orissa

BHUBANESWAR – The one-day nationwide shutdown called by eight trade unions Tuesday partially hit normal life and businesses in several industrial towns of Orissa.

The roads were deserted in Rourkela, Sundergarh, Jharsuguda and Berhampur as the operators kept buses and commercial vehicles off the roads, a senior state police official told IANS.
Mining operations in …. Original source  : Trade unions’ strike hits life, businesses in Orissa.

Barclays CEO John Varley to retire, investment bank head Robert Diamond to move up

Barclays CEO John Varley to step down
LONDON – John Varley, who guided Barclays bank through the credit crisis without resorting to a government bailout, will retire next year as chief executive, to be succeeded by the head of the group’s highly profitable investment banking operation, the company said Tuesday.

Robert E. Diamond Jr., 59, will take …. Source  : Barclays CEO John Varley to retire, investment bank head Robert Diamond to move up.

Industrialists, economists slam frequent strikes

KOLKATA – As West Bengal slipped into yet another unproductive day Tuesday, thanks to a national strike called by trade unions, industrialists and economists felt that such shutdowns only inconvenienced people and led to loss of business.

Sanjay Budhia, chairman, Confederation of Indian Industry (CII) National Committee on Exports, told IANS: “Bandhs (shutdowns) mean loss of …. Original article  : Industrialists, economists slam frequent strikes.

Strike is 99 percent successful: INTUC chief Sanjeeva Reddy

NEW DELHI – More than 100 million workers across India took part in the one-day strike called by eight trade unions Tuesday, said G. Sanjeeva Reddy, president of the Congress-backed INTUC, who claimed that the protest had the backing of party chief Sonia Gandhi.

“The strike is 99 percent successful,” Reddy, a Rajya Sabha MP and …. Read the original article  : Strike is 99 percent successful: INTUC chief Sanjeeva Reddy.

Sharp decline in labour exodus, says Chhattisgarh

RAIPUR – The Chhattisgarh government Tuesday said the number of people migrating out of the state in search of jobs has seen a sharp decline, but the opposition dismissed this as a tall claim.

“Just 40,884 workers migrated from the state in fiscal year 2009-10, which is 10 times lower than the figure of 565,000 in … Original article on : Sharp decline in labour exodus, says Chhattisgarh.

Oil falls to below $74 in Asia as investors eye strength of US economy, crude demand

Oil falls below $74 as traders look to US economy

SINGAPORE – Oil prices fell to near $74 a barrel Tuesday in Asia as investors mull the strength of the U.S. economy and demand for crude.
Benchmark oil for October delivery was down 83 cents at $73.77 a barrel at late afternoon Singapore time in electronic trading … Original source on Gaea Times at : Oil falls to below $74 in Asia as investors eye strength of US economy, crude demand.

More contests, more at stake, looser rules send election spending into the stratosphere

No recession here: Election spending sets records

WASHINGTON – Turns out politics, for all its focus on the gloomy economy, is a recession-proof industry.
This year’s volatile election is bursting with money, setting fundraising and spending records in a high-stakes struggle for control of Congress amid looser but still fuzzy campaign finance rules.
Based on the latest financial …. Source article on Gaea Times at  : More contests, more at stake, looser rules send election spending into the stratosphere.

Jets’ Revis calls visit from Ryan, Johnson ‘breakthrough’ in contract negotiations

Rex, Woody visit helped seal Revis deal for Jets

FLORHAM PARK, N.J. – Darrelle Revis and Rex Ryan looked at each other, huddled in a conference room in Florida, and immediately knew they had the same game plan.
The New York Jets’ star cornerback wanted to get back on the football field.
The brash and boisterous coach badly … Read : Jets’ Revis calls visit from Ryan, Johnson ‘breakthrough’ in contract negotiations.

London commuters struggle to work as strike over job cuts shuts much of subway system

London commuters struggle as strike closes subway

LONDON – Millions of Londoners are struggling to get to work by road, rail boat and bicycle as a strike by London Underground workers shuts down much of the city’s subway system.
Thousands of maintenance workers, drivers and station staff walked off the job for 24 hours in a dispute …. Source  : London commuters struggle to work as strike over job cuts shuts much of subway system.

Poor response in Bangalore to strike call

BANGALORE – Public sector banks were shut but life was near normal as Bangalore saw little response to the nationwide strike called by trade unions Tuesday against price rise and privatisation.

There was poor response to the strike in other parts of Karnataka like Mangalore, Hubli, Shimoga, Davangere and Mysore as well.
In Bangalore, schools, … Read the original article on Gaea Times at : Poor response in Bangalore to strike call.

Nationwide strike cripples life in Tripura

AGARTALA – The nationwide industrial strike called by major trade unions to protest increasing prices and privatisation crippled life in Left-ruled Tripura.

“The strike was total with people expressing their anger against price rise, retrenchment, underpayment, poverty and many of the economic policies of the UPA (United Progressive Alliance) government,” Centre of Indian Trade Unions (CITU) …. Source  : Nationwide strike cripples life in Tripura.

India now has over 650 million mobile phone connections

NEW DELHI – India’s mobile phone market continued to expand at a robust pace with total connections estimated at 652.42 million as on Aug 1, thanks to 16.92 million new subscribers joining the network in July, official data showed Wednesday.

According to the Telecom Regulatory Authority of India (Trai), the wireless phone user base grew … Read this article on Gaea Times at : India now has over 650 million mobile phone connections.

As Rahul spoke, farmer suicides continued in Vidarbha

NAGPUR – Five debt-trapped farmers in Maharashtra’s Vidarbha area committed suicide even as Congress general secretary Rahul Gandhi was visiting Akola in the region, a farmer watchdog group said Wednesday.

The suicides on Tuesday came on the eve of the main festival of the farming community, Pola, and three days before the 10-day Ganapati festival, … Original source on Gaea Times at : As Rahul spoke, farmer suicides continued in Vidarbha.

Piramal concludes sale of formulations business to Abott

MUMBAI – Piramal Healthcare Wednesday announced it has concluded the first part of its $3.72-billion deal to sell its domestic formulations business to Illinois-based Abbott Healthcare.

In a regulatory filing with the Bombay Stock Exchange (BSE), Piramal Healthcare, which owned popular brands such as Phensedyl, Paraxin and Pentids, said the sale include 350 trademarks, as also …. Source  : Gaea News Network.

Mobile subscriber base crosses 652.42 million mark

NEW DELHI – The number of mobile subscribers in the country crossed the 652.42 million mark in July, with the addition of 16.92 million connections, official data show.

According to the Telecom Regulatory Authority of India (Trai), the wireless user base grew 2.66 percent to 652.42 million in July from 635.51 million in the previous … Read the original article on Gaea Times at : Mobile subscriber base crosses 652.42 million mark.

FBI: Thai Airways plane searched, no explosives or credible threat found, no arrests

FBI: Aircraft searched, no credible threat found

LOS ANGELES – The FBI says investigators have found no explosives aboard a Los Angeles-bound Thai Airways flight in which a bomb threat was found scrawled on a bathroom mirror.
FBI spokeswoman Laura Eimiller says investigators conducted a thorough search of the plane Tuesday night and found no evidence to … Read more : FBI: Thai Airways plane searched, no explosives or credible threat found, no arrests.

Sensex back in green after shedding 104 points in early trade

MUMBAI – A benchmark index for Indian equities moved back into the positive terrain in afternoon trade Wednesday after retreating over 104 points in the earlier session on profit taking.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened deep in the red on negative Asian cues.
However, the index recouped …. Original article  : Sensex back in green after shedding 104 points in early trade.

Former NM governor, little known nationally, mulls presidential run on small gov’t platform

Former NM gov is little known but has big ideas

DAVENPORT, Iowa – Despite two terms as governor of New Mexico and recent visits to 26 states, most Americans have never heard of Gary Johnson.
The former Republican governor is mulling a run for president, and his libertarian views and small government platform fit the disenchantment many … Original source on Gaea Times at : Former NM governor, little known nationally, mulls presidential run on small gov’t platform.

Chicago mayor’s race promises to be most competitive in decades as Daley steps aside

Chicago mayor race wide open as Daley steps aside
CHICAGO – Suddenly, the race for Chicago mayor is on. Mayor Richard M. Daley has thrown the competition for the city’s top job wide open by announcing he won’t run for a seventh term, ending 21 years of token opposition and prompting speculation about who’s …. Read the original article  : Chicago mayor’s race promises to be most competitive in decades as Daley steps aside.

ADWATCH: Political ads stretch health care facts, omit others in volatile election year

ADWATCH: Ads attacking health plan miss some facts
WASHINGTON – President Barack Obama’s health care initiative is getting toxic on the campaign trail.
With the country sharply divided over the sweeping new insurance law, Republicans and their allies are taking to the airwaves to attack it as elections near, often resorting to exaggeration and omissions …. Original article on Gaea Times at  : ADWATCH: Political ads stretch health care facts, omit others in volatile election year.

Looking to show action on economy, Obama to promote trio of proposals for growth Wednesday

Obama to pitch trio of economic proposals
WASHINGTON – President Barack Obama is pitching a trio of economic proposals Wednesday in an effort to show the public he’s taking action to spur economic growth.
During a trip to Cleveland, the president will outline a $50 billion infrastructure investment, a permanent expansion of research …. Read the original article  : here.

Japan machinery orders post biggest rise in 7 months in sign of higher business confidence

Japan machinery orders up 8.8 percent in July

TOKYO – Japan’s machinery orders, a key gauge of future business investment, rose the most in seven months, a sign that companies are more confident in the economic recovery.
The 8.8 percent jump in July from June was the second straight month of increase as solid overseas demand bolstered …. Source article on Gaea Times at  : Japan machinery orders post biggest rise in 7 months in sign of higher business confidence.

Most Asian stocks fall on renewed worries over European bank debt, yen’s surge against dollar

Asia stocks down on Europe debt worries, yen surge

BEIJING – Most Asian stock markets slid Wednesday, pressured by the yen hitting a fresh 15-year high and new concerns about European banks after a report they may have more risky government debt than thought.
Japan’s benchmark Nikkei 225 stock index dropped 214.73 points, or 2.2 percent, to … Read : Most Asian stocks fall on renewed worries over European bank debt, yen’s surge against dollar.

A White House visit ahead, China’s president calls for stable ties with US

China’s Hu calls for stable ties with US
BEIJING – Trying to smooth over recently rocky relations before he visits Washington, Chinese President Hu Jintao told aides to U.S. President Barack Obama on Wednesday that he wants to see healthy and stable ties between the two countries.
The meeting between Hu and a … Read : A White House visit ahead, China’s president calls for stable ties with US.

German exports dip 1.5 percent on the month in July; up 18.7 percent year-on-year

German exports slightly lower on month in July

BERLIN – Official data show that German exports dipped by 1.5 percent in July compared with the previous month but were still up a strong 18.7 over the same month last year.
The monthly drop reported by the Federal Statistical Office on Wednesday followed two months of big gains. …. Read the original article  : German exports dip 1.5 percent on the month in July; up 18.7 percent year-on-year.

Fruit bats destroy apple crop in Himachal

SHIMLA – Fruit bats, which play a critical role in controlling pests, have become a menace in the Jubbal-Rohru belt in the upper Shimla region of Himachal Pradesh, destroying a ripe apple crop.

Bats leave claw marks on most of the fruits, making these unfit for human consumption.
Roshan Lal Manta, an apple grower in Bhamnoli …. Read the original article  : Fruit bats destroy apple crop in Himachal.

Suicides, depression cost Japan’s economy $32 billion last year

Depression costs Japan’s economy $32 billion

TOKYO – Suicides and other depression cases cost Japan’s economy about 2.7 trillion yen ($32 billion) last year, the government said Wednesday, releasing such data for the first time in a bid to raise public awareness of the nation’s long-battled social woe.
The figure included an estimated income of 1.9 trillion … Read this article on Gaea Times at : Suicides, depression cost Japan’s economy $32 billion last year.

Dollar falls to 15-year low against Japanese yen, trades at low 83-yen level

Dollar sinks to 15-year low against Japanese yen

TOKYO – The U.S. dollar sank to a new 15-year low against the yen on Wednesday as investors continued to buy the Japanese currency as a safe haven for their money amid uncertainty about the global economic recovery.
The dollar sank to 83.32 yen in afternoon trade in Tokyo. [..] Read the original article: here.

Oil falls below $74 in Asia as traders eye equity slump, EU bank debt worries

Oil falls below $74 on EU bank debt worries

SINGAPORE – Oil prices skidded below $74 a barrel Wednesday in Asia as traders followed regional stocks down on reports European banks may be saddled with more debt than previously estimated.
Benchmark oil for October delivery was down 40 cents at $73.69 a barrel at late afternoon Singapore … Read the original article on Gaea Times at : Oil falls below $74 in Asia as traders eye equity slump, EU bank debt worries.

India seeks Canadian investment in food processing

TORONTO – Subodh Kant Sahai, India’s minister for food processing industries, has called upon Canadian companies to invest in the fast growing sector of the Indian economy.

Sahai, who is here to seek investment and knowhow, said the Indian food processing sector was growing by more than 14 percent and many Canadian companies have evinced keen … Read more »».

GE and PepsiCo in India among 12 ACE finalists

WASHINGTON – GE and PepsiCo in India are among 12 American companies selected as finalists for the Secretary of State’s prestigious 2010 Award for Corporate Excellence (ACE).

Chosen from a record number of 78 nominations submitted by American ambassadors around the world, ACE finalists are international business leaders who recognize the vital role that US businesses … Read more »»».

Asian stock markets encouraged by Portugal debt auction, softer yen; Europe mixed

Asian shares mostly rise as Europe worries ease

SHANGHAI – World stocks were mostly higher Thursday as news of a successful bond sale by Portugal eased worries over Europe’s debt woes. But Chinese shares fell on fears that authorities might do more to cool the property sector.
European markets were mixed in early trading, with Britain’s FTSE … Read : Asian stock markets encouraged by Portugal debt auction, softer yen; Europe mixed.

China shares fall on renewed fears of property curbs ahead of monthly economic data

China shares fall on renewed property curb fears

SHANGHAI – Chinese shares fell Thursday on fears of possible new government curbs on real estate as investors waited for monthly economic data.
The benchmark Shanghai Composite Index lost 38.94 points, or 1.4 percent, to close at 2,656.35. The Shenzhen Composite Index for China’s smaller second exchange also shed …. Original article  : China shares fall on renewed fears of property curbs ahead of monthly economic data.

Massive diamond unearthed from Lesotho mine

LONDON – A magnificient 196-carat rough white diamond has been unearthed at a mine in Lesotho, the firm owning the mine said here. The find is, however, dwarfed by the Cullinan diamond.

The diamond that measures 1.18 inches across is expected to get a “substantial” price when it is sold by Gem Diamonds. The dazzling rock …. Source  : Massive diamond unearthed from Lesotho mine.

India car sales hit all-time high in August on holiday buying despite rising prices

India car sales hit all-time high in August

MUMBAI, India – Car sales in India surged to a record for a second straight month in August on strong demand before the holiday season, despite rising prices and supply constraints.
Figures released Thursday by the Society of Indian Automobile Manufacturers showed that car sales hit 160,794 vehicles in … Read : India car sales hit all-time high in August on holiday buying despite rising prices.

Prices of pulses, fruits keep India’s food inflation high

NEW DELHI – High prices of pulses, fruits and milk pushed up India’s annual food inflation higher to 11.47 percent for the week ended Aug 28 from 10.86 percent for the week before, official data released Friday showed.

The annual inflation rate for the primary articles groups also inched up higher to 15.4 percent from 15.19 … Read : Prices of pulses, fruits keep India’s food inflation high.

Korea National Oil Corp. rules out higher bid for UK’s Dana Petroleum

KNOC rules out higher bid for UK’s Dana Petroleum

LONDON – Korea National Oil Corp. says it won’t raise its hostile takeover bid for Britain’s Dana Petroleum.
The statement released Thursday follows Dana’s publication of a defense document which argued that the company was worth significantly more than KNOC’s offer of 1.87 billion pounds ($2.9 billion), or …. Original article  : Korea National Oil Corp. rules out higher bid for UK’s Dana Petroleum.

Karzai’s brother used Kabul Bank funds to make a killing

LONDON – Afghan President Hamid Karzai’s brother made a half-million pound profit in eight months on a high-end villa in Dubai bought with a loan from the troubled Kabul Bank.

Mahmoud Karzai, a high-profile businessman in Afghanistan, borrowed seven million UAE dirhams (1.23 million pounds) from Kabul Bank, in which he is also the third …. Read the original article  : Karzai’s brother used Kabul Bank funds to make a killing.

Alliance to build residential, commercial projects in Chennai

CHENNAI – Expecting a steady demand, Bangalore-based real estate developer Alliance has shifted focus to Chennai and is looking at developing projects of five acres or less to grow big in the city.

“The city has a healthy mix of industries unlike Bangalore, Hyderabad which are software focused. The market will be good for us as …. Original article on Gaea Times at  : Alliance to build residential, commercial projects in Chennai.

Gov’t forecast: Moderate spending increase as 32 million gain coverage under health overhaul

Gov’t: Spending to rise under health care overhaul
WASHINGTON – The nation’s health care tab will go up – not down – as a result of President Barack Obama’s sweeping overhaul. That’s the conclusion of a government forecast released Thursday, which also finds the increase will be modest.
The average annual growth in … Original source on Gaea Times at : Gov’t forecast: Moderate spending increase as 32 million gain coverage under health overhaul.

Protect environment for sustainable development: Sonia

NEW DELHI – Farmers should get adequate compensation for their land, Congress president Sonia Gandhi said Thursday and stressed that the environment should be protected to ensure sustainable development.

“We must protect the environment to ensure sustainable development. In whatever we do, we should not forget forest and environment. Farmers should be provided adequate compensation,” Gandhi …. Original article on Gaea Times at  : Protect environment for sustainable development: Sonia.

Lanco achieves financial closure of Orissa power project

MUMBAI – Lanco Infratech Thursday said a 1,320 MW thermal power plant in Orissa, developed by group firm Lanco Babandh Power, has achieved financial closure.

“The project, estimated to cost Rs.6,930 crore, would be financed with a debt of Rs.5,544 crore and an equity of Rs.1,386 crore,” said the company in a regulatory filing. … Original article on : Lanco achieves financial closure of Orissa power project.

Euro slides to $1.2693, reversing slight gains on Portuguese bond auction

Euro slides to $1.2693
BERLIN – The euro has slipped back below $1.27, giving up slight gains it made thanks to a relatively successful bond auction in Portugal.

The euro bought $1.2693 in Thursday morning European trading, down from $1.2724 in New York late Wednesday.
Strong investor interest in Wednesday’s Portugese auction helped assuage concerns over the indebted … Read this article on Gaea Times at : Euro slides to $1.2693, reversing slight gains on Portuguese bond auction.

Indian tea prices firming up, exports up, production down

GUWAHATI – The beleaguered Indian tea industry is on a comeback trail with exports increasing and prices firming up in the weekly auctions despite adverse climatic conditions hitting production and rampant pests eating away the crop in some areas.

“Exports rose by about 14 million kg to 107 million kg from January to August, compared to …. Source article  : Indian tea prices firming up, exports up, production down.

Cuba’s communist system gets panned by unlikely source _ revolutionary leader Fidel Castro

Fidel latest to say Cuba’s communism doesn’t work

HAVANA – Cuba’s communist economic model has come in for criticism from an unlikely source: Fidel Castro.
The revolutionary leader told a visiting American journalist and a U.S.-Cuba policy expert that the island’s state-dominated system is in need of change, a rare comment on domestic affairs from a man …. Read the original article  : Cuba’s communist system gets panned by unlikely source _ revolutionary leader Fidel Castro.

Google launches ‘Instant’ service

LONDON – Google search is now faster than before as the company has launched a live-updating service that will save surfers 2-5 seconds of online search time.

The product, named “Instant”, will begin to roll out search results around the world from Thursday night, the Daily Telegraph reported.
Google searches will now predict … Read more >>.

Expat embraces Indian Dynamism; launches website to support charity

New Delhi, Sept.9 (ANI-Business Wire India): A simple vision of one person has helped build an empowered organization that supports many charities in India.

With an intention of creating an avenue for people to learn more about her work, the charities supported by and how people …. Original article  : Expat embraces Indian Dynamism; launches website to support charity.

Wipro, Oracle strengthen ties, to foster growth for customers

Bangalore (Karnataka), Sept.9 (ANI-Business Wire India): Wipro Technologies, the global IT services division of Wipro Limited and Oracle have announced an expansion of their existing partnership aimed at enhancing development and implementation of best-in-class solutions for customers.

Wipro joins Oracle … Read more >>.

Instamedia secures 4 mln dollar investment from Times of India Group

Shimla (Himachal Pradesh), Sept.9 (ANI-Business Wire India): Instamedia Network, the web’s leading content network and creator of Software as a Service (SaaS) based content platform, Instapress, has secured a four million dollar in Series A funding from Times Internet Limited, … Read more : Instamedia secures 4 mln dollar investment from Times of India Group.

Spanish miners stay underground to demand pay arrears

Madrid, Sep 9 (IANS/EFE) Two groups of Spanish coal miners are staging protests by refusing to surface from mines to demand payment of back salaries and a lasting solution to the problems of the sector.

Fifty-two miners working for the Union Minera del Norte, or Unisma company, have enclosed themselves up at that firm’s … Original article on : Spanish miners stay underground to demand pay arrears.

Oil hovers near $75 in Asia after report shows US crude supplies drop more than expected

Oil hovers near $75 amid US crude supply drop

SINGAPORE – Oil prices hovered near $75 a barrel Thursday in Asia after a report showed U.S. crude inventories fell more than expected, suggesting demand may be improving.
Benchmark oil for October delivery was up 1 cent at $74.68 a barrel at midday Singapore time in electronic trading …. Original article on Gaea Times at  : Oil hovers near $75 in Asia after report shows US crude supplies drop more than expected.

Finnair launches advanced emissions calculator

HELSINKI – Nordic carrier Finnair has launched an advanced emissions calculator and says it is the “only one in the world to be based on actual quarterly cargo, passenger and fuel consumption figures, not averages or assumptions”.

“We wanted to devise a calculator whose figures are indisputable because transparency is one of the cornerstones of our …. Read the original article  : Finnair launches advanced emissions calculator.

Dubai World says it has 99 percent of lenders on board with its $24.9B restructuring bid

Dubai World wins over most creditors to debt plan

DUBAI, United Arab Emirates – Dubai World says it has won over nearly all its creditors to its plan to restructure $24.9 billion in debt.
The struggling state conglomerate said Friday it has the support of about 99 percent of its lenders, who represent nearly all the debt … Read the original article on Gaea Times at : Dubai World says it has 99 percent of lenders on board with its $24.9B restructuring bid.

Oil climbs to near $76 a barrel in Asia on improvement in economic indicators

Oil climbs to near $76 on economic indicators

BANGKOK – Oil prices climbed to near $76 a barrel Friday in Asia as better economic indicators from Japan to the U.S. boosted confidence that demand for fuel will improve.
Benchmark crude for October delivery was up $1.57 to $75.82 a barrel at late afternoon Bangkok time in electronic … Read more : Oil climbs to near $76 a barrel in Asia on improvement in economic indicators.

Spanish Accelya takes control of Kale Consultants for $21 mn

MUMBAI – Leading technology solutions provider to the global airline, logistics and travel (ALT) industry, Kale Consultants Friday said its promoters have sold their controlling stakes in the company to Spanish firm Accelya for Rs.97.52 crore ($21 million).

The deal makes the Barcelona-based Accelya the world’s largest back-office services provider for airlines.
“Under the …. Source article  : Spanish Accelya takes control of Kale Consultants for $21 mn.

Maryland features a competitive gov’s race _ with some tea party side drama in GOP primary

Tight gov’s race brewing in Democratic Maryland
ANNAPOLIS, Md. – Four years of budget woes, tax increases in 2007 and the national antiestablishment mood have given Republican Robert Ehrlich a shot at winning his old job back against Gov. Martin O’Malley in one of the most Democratic states in the country.
Ehrlich first must prevail … Original source on Gaea Times at : Maryland features a competitive gov’s race _ with some tea party side drama in GOP primary.

Japan revises up 2Q economic growth before announcing new stimulus details

Japan introduces new stimulus, better 2Q growth

TOKYO – Japan’s economy isn’t quite as weak as first thought, but it still needs help, the government said Friday as it unveiled details of a new $11 billion stimulus package.
Revised figures showed that gross domestic product expanded at an annualized rate of 1.5 percent in the April-June period, …. Source article on Gaea Times at  : Japan revises up 2Q economic growth before announcing new stimulus details.

ECB’s Trichet: phasing out special crisis funding for banks will take time

Trichet: phasing out crisis measures to take time

BERLIN – The European Central Bank’s president says it may take a while yet to phase out special efforts to keep banks supplied with credit in the wake of the financial crisis.
The ECB said last week that the remaining measures will stay for the rest of the year.
Trichet …. Original article on Gaea Times at  : ECB’s Trichet: phasing out special crisis funding for banks will take time.

Euro down slightly at $1.2684 after better US data, European bank jitters

Euro slightly lower at $1.2684
BERLIN – The euro is a little lower against the dollar after U.S. data showed a drop in the number of people signing up for jobless benefits and as jitters about the European banking sector persist.

The euro bought $1.2684 in Friday morning European trading, down from $1.2700 in New York late … Original article on : Euro down slightly at $1.2684 after better US data, European bank jitters.

POLITICAL INSIDER: Ex-Ambassador Bolton weighing presidential bid to push national security

POLITICAL INSIDER: John Bolton weighs a WH run
WASHINGTON – Former U.S. Ambassador to the United Nations John Bolton says he’s considering a White House run.
President George W. Bush’s top arms control official and later the nation’s top diplomat at the U.N., Bolton told Fox Business Network on Thursday that he is weighing a … Read more : POLITICAL INSIDER: Ex-Ambassador Bolton weighing presidential bid to push national security.

India’s July industrial output jumps to 13.8 percent

NEW DELHI – A 63 percent rise in capital goods production pushed India’s industrial output up to 13.8 percent in July, as against 7.1 percent in the previous month, according to official data released Friday.

The index of industrial production (IIP) had grown at 7.2 percent in July of 2009-10.
The double-digit growth is signifiant … Original source on Gaea Times at : India’s July industrial output jumps to 13.8 percent.

TVS Infotech soon to finalise South African foray

CHENNAI – TVS Infotech Ltd, a software solutions company, expects to finalise its South African foray strategy by the end of this year, a company official said here.

“By December, we will decide whether to have a joint venture with a local partner or operate on our own in South Africa. We are also setting …. Source  : Gaea News Network.

Obama to chastise Republicans on economy, tax cuts, policy at White House news conference

Obama to take GOP to task on economy, tax cuts
WASHINGTON – Striving to gain the upper hand on a crucial political issue, President Barack Obama is faulting Republicans for refusing to help him turn around the sluggish economy or support some proposed new tax breaks for businesses that the … Original source on Gaea Times at : Obama to chastise Republicans on economy, tax cuts, policy at White House news conference.

Experts disagree on whether big farms are riskier, but agree egg recall shows potential danger

Experts say big egg farms can mean big problems

CHAMPAIGN, Ill. – From the first days of the massive egg recall from two Iowa farms, one point been clear: When something goes wrong on a big farm, it’s going to be a big problem.
Petaluma, Calif., farmer Arnold Riebli acknowledges that because his operation includes more than … Read the original article on Gaea Times at : Experts disagree on whether big farms are riskier, but agree egg recall shows potential danger.

India’s July industrial output surges 13.8 percent, rebounding from a 13-month low in June

India’s July industrial output surges 13.8 percent

MUMBAI, India – India’s industrial output grew 13.8 percent in July – far more than expected – rebounding from a 13-month low in June and adding to pressure on the central bank to hike interest rates to curb inflation.
Manufacturing, which has the greatest weight in India’s index of industrial … Read more >>>.

US-India Business Council to focus on biotechnology

WASHINGTON – The US-India Business Council will embark on a life sciences executive mission to coincide with the Biotechnology Industry Organisation’s first annual international partnering conference in Hyderabad Sep 21-22.

Led by Amgen’s Romi Singh, executive director of Global Regulatory Affairs and Safety, the mission aims to increase industry cooperation, said the trade association which …. Source  : US-India Business Council to focus on biotechnology.

Malaysian Indian billionaire may invest in Indian venture

KUALA LUMPUR – An ethnic Indian, rated as the second richest Malaysian, may invest $250 million in a power production venture in India.

T. Ananda Krishnan’s Usaha Tegas Sdn aims to invest in KSK Energy Ventures Ltd, The Star newspaper said, quoting sources in the firm.
Usaha Tegas may provide as much as US$250 … Read more >>>.

US carriers limited to midnight hours as Tokyo Haneda airport opens to international flights

US airlines squeezed as Haneda goes international

TOKYO – Haneda airport will open up to international flights next month as Japan works to maintain Tokyo’s status as an Asian travel hub. But it comes with a big catch for U.S. airlines who’ve been squeezed into the least convenient time slots.
Opening Haneda to international flights makes a …. Source  : US carriers limited to midnight hours as Tokyo Haneda airport opens to international flights.

Indian markets closed Friday

MUMBAI – Indian equities markets were closed Friday on account of Eid.

The benchmark index of the Bombay Stock Exchange (BSE) has moved up 3.17 percent during the week at 18,799.66 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty rose 2.93 percent to close the week at 5,640.05 points.
Broader markets …. Source article on Gaea Times at  : Indian markets closed Friday.

Chinese firm to build hydro-power plants in Honduras

Tegucigalpa, Sep 10 (IANS/EFE) The Honduran government and Chinese company Sinohydro have signed an agreement to begin construction next year of three dams on the Patuca river to generate electricity up to 524 MW.

The Honduran president’s office did not indicate the cost of the dams but said that Sinohydro will fund the project with loans … Read more : Chinese firm to build hydro-power plants in Honduras.

$220 million World Bank credit for Bihar flood-affected

WASHINGTON – The International Development Association (IDA), the World Bank’s concessionary lending arm, has approved a $220 million credit to support rebuilding efforts in areas affected by the 2008 Kosi floods in Bihar.

The Bihar Kosi Flood Recovery Project will finance flood recovery efforts through the reconstruction of about 100,000 houses, 90 bridges and 290 kilometres … Read more »»».

Karzai family owns empire in Dubai, claims daily

LONDON – The family and close aides of Afghan President Hamid Karzai have been linked to over a dozen high-end villas in Dubai, raising fears that Western aid money sent to Afghanistan is being misused.

The Daily Telegraph Friday revealed a property empire in Dubai assembled at a cost of 90 million pounds that is … Read the original article on Gaea Times at : Karzai family owns empire in Dubai, claims daily.

Cricket snapshots, African canvases at Gurgaon art mart

GURGAON – High action cricket snapshots on canvas, 50 art works from Tanzania and silk art – nearly 1,000 works by over 100 artists were showcased at the two-day annual Art Mart II here.

The fair aims to meet the growing demand for affordable drawing room art among new segments of buyers in this millenium city … Read this article on Gaea Times at : Cricket snapshots, African canvases at Gurgaon art mart.

Protesters to confront thrifty Greek government, as more cuts planned

Greek protesters to confront thrifty government

THESSALONIKI, Greece – Some 4,500 police are on duty Saturday in the northern Greek city of Thessaloniki as unions vow to hold rallies against possible new spending cuts by the government to cope with country’s major debt crisis.
Prime Minister George Papandreou is due to speak about the economy on Saturday … Read more >>>.

China’s inflation, food prices record steep rise

BEIJING – China’s inflation and food prices both rose sharply in August, its the National Bureau of Statistics (NBS) said Saturday.

China’s consumer price index (CPI), a major gauge to measure inflation, rose by a 22-month high of 3.5 percent in August from one year earlier, the bureau said.
Food prices climbed 7.5 percent year on … Read more : China’s inflation, food prices record steep rise.

China’s inflation edges up in August as flooding drives food costs higher

China’s inflation edges up, driven by food costs

BEIJING – China’s inflation edged higher in August as the nation’s worst flooding in a decade drove an increase in food costs and industrial growth continued to quicken.
Consumer prices rose 3.5 percent in August compared with a year earlier, the National Bureau of Statistics announced Saturday. It was … Read more >>>.

With concerts, games and meet-and-greets, Fashion’s Night Out takes shopping party nationwide

Celebrities, shoppers meet at Fashion’s Night Out

NEW YORK – Naomi Campbell danced on the sidewalk of Madison Avenue in leather hotpants. Alexander Wang led a dance party in a department store. And Vogue’s Anna Wintour wore a (gasp) T-shirt.
It could only be Fashion’s Night Out, the one-night celebration dreamed up by Wintour to lure shoppers …. Read the original article  : With concerts, games and meet-and-greets, Fashion’s Night Out takes shopping party nationwide.

Minnesota Public Radio’s Bill Kling, founder and CEO, to step down in June 2011

Minnesota Public Radio CEO, founder to step down

MINNEAPOLIS – Bill Kling started Minnesota Public Radio with just one station in a college town more than 40 years ago and built a broadcasting empire that stretches into southern California and South Florida. Now, MPR’s parent company will look for a new leader after Kling, its founder … Original article on : Minnesota Public Radio’s Bill Kling, founder and CEO, to step down in June 2011.

TransCanada says it will seek US crude for planned oil pipeline from Alberta to Gulf of Mexico

TransCanada seeks US crude for oil sands pipeline
BILLINGS, Mont. – A Canadian company is inviting U.S. oil producers to bid on rights to use a proposed pipeline from Canada to the Gulf of Mexico, easing worries that domestic crude could get left out of the project.
TransCanada Corp. and Montana Gov. Brian Schweitzer plan … Read more »».

Nebraska tax revenue tops projections by 2.7 pct in August, brightening state budget picture

Neb. tax revenue beats projections in August

OMAHA, Neb. – Nebraska tax revenue beat projections in August for the first time since May, so the state budget picture looks a little better, according to a report released Friday.
The Nebraska Department of Revenue said net tax revenue topped projections by 2.7 percent last month.
The positive revenue report [..] Read the original article: here.

Schwarzenegger, Palin trade Twitter jabs over 2008 Russia comment, California budget deficit

Schwarzenegger, Palin trade Twitter jabs
SACRAMENTO, Calif. – Flying over Alaska on his way to Asia, California Gov. Arnold Schwarzenegger couldn’t help but take a lighthearted jab at the state’s former governor.
His Twitter message Thursday night said he was “looking everywhere but can’t see Russia from here,” a reference to an infamous remark from … Read more >>.

Summary Box: Wholesale inventories and sales both post better-than-expected gains in July

Summary Box: Wholesale inventories rise in July

STOCKPILES UP: Inventories held by wholesalers increased 1.3 percent in July, the biggest gain since July 2008 and triple what economists had expected.
SALES UP: Sales at the wholesale level rose 0.6 percent, double what had been expected and the first increase after two months of declines.
OUTLOOK: Businesses restocking store …. Source  : Summary Box: Wholesale inventories and sales both post better-than-expected gains in July.

Rendell comes to aid of financially troubled capital city that warned of skipping bond payment

Rendell comes to aid of troubled capital city

HARRISBURG, Pa. – Gov. Ed Rendell is working on ways the state can help Pennsylvania’s capital city avoid a rare default on a general obligation bond, a step that could settle worried municipal bond investors and prevent further damage to Harrisburg’s ability to borrow, a top aide said …. Source  : Gaea News Network.

Cisco Systems CEO John Chambers received $18.9M in 2010 compensation, up 33 pct from year ago

Cisco CEO Chambers got $18.9M 2010 pay package

NEW YORK – Cisco Systems Inc. CEO John Chambers received about $18.9 million in compensation for the latest fiscal year, a 33 percent increase from last year’s payout due to more generous bonus and stock awards, according to an Associated Press calculation of figures filed with regulators on …. Source  : Gaea News Network.

Regulators shut down small bank in Florida; makes 119 US bank failures this year

Regulators close small Florida bank
WASHINGTON – Regulators on Friday shut down a small Florida bank, bringing to 119 the number of U.S. bank failures this year amid mounting loan defaults.

The Federal Deposit Insurance Corp. took over Horizon Bank, based in Bradenton, Fla., with $187.8 million in assets and $164.6 million in deposits. Bank of the … Original source on Gaea Times at : Regulators shut down small bank in Florida; makes 119 US bank failures this year.

Pro Bowl lineman Kevin Mawae retires after 16 seasons, will serve out term with union

Mawae, NFLPA president, retires after 16 seasons

NASHVILLE, Tenn. – The president of the NFL Players Association said he got one offer from a team this year. It came too late, and Kevin Mawae said Friday he decided being with family was more important than his passion to keep playing in the league.
The veteran offensive lineman …. Source article  : Pro Bowl lineman Kevin Mawae retires after 16 seasons, will serve out term with union.

Wal-Mart to split merchandising responsibilities among 4 executives _ for now

Wal-Mart to divide merchandising jobs
NEW YORK – Wal-Mart Stores Inc. is splitting the position of chief merchandising officer among four executives.

The decision, which may not be permanent, raises some uncertainty about how the world’s largest retailer will shape its merchandising strategy following the departure of John Fleming. Fleming left in June amid a series of …. Source  : Gaea News Network.

General Mills files for arbitration with French dairy company that owns Yoplait brand

General Mills files for arbitration over Yoplait

MINNEAPOLIS – General Mills Inc. has filed for arbitration over a contract issue with the French company from which it has licensed the Yoplait brand for more than three decades.
The food maker said in a regulatory filing that dairy company Sodima sent it a letter on Sept. 3 saying … Original article on : General Mills files for arbitration with French dairy company that owns Yoplait brand.

Evergreen Energy chairman resigns; CEO to take over role, new lead director named

Evergreen Energy chairman resigns; CEO takes role

DENVER – Clean-tech company Evergreen Energy Inc. on Friday said its chairman resigned, eight weeks after being named to the post. The company’s chief executive, Thomas H. Stoner, will take over the role.
William G. Gibson, 61, who was elected by the board in January, was named chairman in July …. Source  : Evergreen Energy chairman resigns; CEO to take over role, new lead director named.

It’s hard meets soft, country meets city as NY Fashion Week embraces opposites

Opposites attract at NY Fashion Week
NEW YORK – At Fashion Week as in life, opposites attract.

A yin-yang theme emerged on Friday on the second day of New York Fashion Week as designers turned to a harmonious blend of opposites.
At Rag & Bone, that meant mixing delicate, pretty pieces with the hard-edged style of an adventurer. … Original source on Gaea Times at : It’s hard meets soft, country meets city as NY Fashion Week embraces opposites.

Thomas Guinzburg, who helped found the Paris Review and ran Viking Press, dies at 84

Thomas Guinzburg, former Paris Review editor, dies

NEW YORK – Thomas Guinzburg, who helped found the Paris Review, the celebrated literary journal, and later ran the publisher Viking Press, died Wednesday in New York at the age of 84.
The cause was complications from heart surgery, said his longtime companion, Victoria Anstead.
A Yale graduate and World War …. Original source  : Thomas Guinzburg, who helped found the Paris Review and ran Viking Press, dies at 84.

Indo-Russian transport aircraft to fly by 2017

NEW DELHI – The Indo-Russian Multirole Transport Aircraft (MTA), designed to replace India’s AN 32 aircraft, should be flying in about seven years, a Russian official has said. The aircraft would be useful in natural disaster relief missions.

Vladimir A. Belyakov, Deputy Director General of the United Aircraft Company (UAC), told India Strategic (www.indiastrategic.in) after the … Original article on : Indo-Russian transport aircraft to fly by 2017.

Greek prime minister promises corporate tax cut, as thousands march to protest austerity

Greek prime minister outlines economic policy

THESSALONIKI, Greece – Greece’s prime minister has promised to lower some corporate taxes to help revive the debt-plagued country’s shrinking economy, while thousands of protesters marched – mostly peacefully – against the government’s harsh austerity measures.
Prime Minister George Papandreou promised on Saturday that the tax rate on companies’ retained profits …. Read the original article  : here.

Benefits of exports should be shared with producers

NEW DELHI – State governments should work in tandem with the centre to ensure that the benefits of exports reach the people at the grassroots.

“There is a need for capacity building of state government officials to enable them to engage in meaningful consultation with the central government to make the foreign trade …. Read the original article  : here.

Gold may surge to Rs.22,000 per 10 grams by year-end

NEW DELHI – Gold price may surge to a record Rs.22,000 per 10 grams by the end of this year as uncertainty in the US and European economies forces investors to bank on the precious metal.

During the forthcoming festival season, gold price is likely to hover around Rs.21,000 per 10 grams, according to a …. Read the original article  : Gold may surge to Rs.22,000 per 10 grams by year-end.

Swedish vote could end love story with left as center-right bloc seeks historic re-election

Swedish vote could end love story with left

STOCKHOLM – Swedish politics used to be like a long marriage with brief spells of infidelity.
Voters always returned to the long-governing Social Democrats – guardians of the Nordic country’s high-tax welfare state – after short-lived flirts with center-right coalitions.
That love story, it appears, may be coming to an … Original source on Gaea Times at : Swedish vote could end love story with left as center-right bloc seeks historic re-election.

Colorado Senate hopefuls spar in 1st debate over impending expiration of Bush-era tax cuts

Colorado Senate hopefuls spar on Bush-era tax cuts

GRAND JUNCTION, Colo. – Democratic Sen. Michael Bennet said middle class tax cuts scheduled to expire in January should be extended, but he disagreed with his Republican challenger during their first debate Saturday night over tax cuts for the rich.
Bennet said he wasn’t convinced that tax cuts for … Read more : Colorado Senate hopefuls spar in 1st debate over impending expiration of Bush-era tax cuts.

Donald Fehr moves a step closer to becoming NHLPA’s executive director

Fehr closer to becoming NHLPA’s executive director

TORONTO – Donald Fehr is a step closer to becoming the NHL Players’ Association’s executive director.
The union said Saturday it has accepted the recommendation of its search committee and will put Fehr. to a vote among its membership.
Players are expected to vote following individual team meetings during training camp …. Source  : Gaea News Network.

At NY Fashion Week, white is the new black _ showing a new optimism among designers

White is the new black at NY Fashion Week
NEW YORK – If fashion is any guide, better days may be ahead.

Designers flocked to an optimistic white on Saturday at New York Fashion Week. It was a far cry from the blacks and grays that have come to dominate the runways.
The look was a softer, summery …. Original article  : At NY Fashion Week, white is the new black _ showing a new optimism among designers.

BP’s head of oil and exploration leaving Russian venture to make room for embattled CEO

BP exec leaving board of Russian joint venture

The BP executive running the oil and exploration division embroiled in the disastrous Gulf of Mexico spill is leaving the board of the company’s Russian joint venture.
Andy Inglis is giving up his board seat at TNK-BP to make room for BP PLC’s outgoing CEO Tony Hayward.
BP is making … Read the original article on Gaea Times at : BP’s head of oil and exploration leaving Russian venture to make room for embattled CEO.

Icelandic lawmakers split on prosecuting former leaders for financial crash

Iceland MPs split over financial crisis charges

REYKJAVIK, Iceland – A committee of Icelandic lawmakers split Saturday over whether to recommend an unprecedented prosecution of former leaders for failing to prevent the country’s financial meltdown.
The deadlock means it will be harder for parliament to try former Prime Minister Geir Haarde and three other top officials for …. Original article on Gaea Times at  : Icelandic lawmakers split on prosecuting former leaders for financial crash.

Person familiar with union plans say NFLPA handing out voting cards on decertification

AP source: Union considering decertification vote

NEW YORK – The NFL Players Association is handing out voting cards to the players that could lead to decertification of the union.
A person familiar with the union’s plans told The Associated Press on Saturday that players from all 32 teams will be asked to consider decertification, which could prevent … Original article on : Person familiar with union plans say NFLPA handing out voting cards on decertification.

As Oregon state government sheds workers, it foresees rewards for companies that shed workers

Ore. budget outlook: pink slips, business rebates

PORTLAND, Ore. – Oregon’s treasury is so depleted that teachers and state workers are getting pink slips, but the state is nevertheless on course to send millions in tax rebates next year to businesses that have done well through the Great Recession by paring their own payrolls.
One Democratic lawmaker … Read the original article on Gaea Times at : As Oregon state government sheds workers, it foresees rewards for companies that shed workers.

Banning export no solution to illegal iron ore mining: Sharma

Bangalore, Se 11 (IANS) Union Commerce and Industry Minister Anand Sharma Saturday told the Karnataka government that banning iron ore export was not the solution to check illegal mining in the state.

“Just stopping movement from minor ports is not going to help,” Sharma told reporters here commenting on Karnataka government’s July 29 ban on export …. Source  : Banning export no solution to illegal iron ore mining: Sharma.

Andhra concerned over impact of Ohio’s decision on IT sector

HYDERABAD – Andhra Pradesh Chief Minister K. Rosaiah is concerned over the impact of the decision of US’ Ohio state, to ban outsourcing to India, on the state’s Information Technology sector.

The chief minister has urged the central government to take up the issue with the United States and ensure that the Indian IT industry and …. Source article  : Andhra concerned over impact of Ohio’s decision on IT sector.

Greek unions launch protests before prime minister’s key speech on economy

Greek protesters confront government on economy

THESSALONIKI, Greece – Greece’s prime minister promised Saturday to lower corporate taxes to help revive the debt-plagued country’s shrinking economy, while thousands of protesters marched – mostly peacefully – against the government’s harsh austerity measures.
Greece narrowly avoided bankruptcy in May when European countries and the International Monetary Fund gave it …. Source  : Gaea News Network.

Party politics affecting development plans: Tharoor

NEW DELHI – Contending that party politics is adversely affecting implementation of development plans, former minister of state for external affairs Shashi Tharoor Saturday criticised the Kerala government for being partial with Congress sympathisers.

“In Kerala, if a family is sympathetic towards Congress, they will not get a BPL (below poverty line) card,” Tharoor, the …. Original article on Gaea Times at  : Party politics affecting development plans: Tharoor.

Weeks before midterm elections, US poverty on track for record gain in 2009 on Obama’s watch

US poverty on track to post record gain in 2009
WASHINGTON – The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama’s watch, with the ranks of working-age poor approaching 1960s levels that …. Original article  : Weeks before midterm elections, US poverty on track for record gain in 2009 on Obama’s watch.

India, China leading global recovery: IMF

WASHINGTON – The International Monetary Fund (IMF) Saturday said major emerging economies like China, India, Indonesia and Brazil are leading the global economic recovery.

“Emerging economies have been sustained by strong domestic demand and the recovery of global trade. Major economies in emerging Asia — China, India, and Indonesia — remain in the lead, followed by … Read : India, China leading global recovery: IMF.

Mukherjee asks RBI to take measures to help curb price rise of food material

KOLKATA – Union Finance Minister Pranab Mukherjee has expressed concern over rising food prices and advised the central bank to take every possible measure required to bring them down while keeping options open on the fiscal front.

His concern has come ahead of monetary review by … Read this article on Gaea Times at : Mukherjee asks RBI to take measures to help curb price rise of food material.

BPO jobs on your finger taps!

CHENNAI – Good news for those aspiring to work in the Business Process Outsourcing (BPO) sector! Now any one seeking a job in a BPO can apply dialling a toll-free number to key in their resumes from their mobile phone.

The aspirants can also record their voice on the toll-free number — once this is …. Original article  : BPO jobs on your finger taps!.

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.

New Nissan plant inaugurated in central China, part of move to nearly double capacity by 2012

New Nissan plant boosts output capacity in China

SHANGHAI – Japanese automaker Nissan Motor Co. inaugurated a new factory Monday in the central Chinese city of Zhengzhou, part of an expansion that will nearly double its production capacity in the world’s biggest vehicle market by 2012.
The new 1 billion yuan ($148 million) Zhengzhou Nissan Co. factory …. Source  : Gaea News Network.

Punj Llyod bags engineering contract from Saudi oil firm

MUMBAI – Infrastructure major Punj Lloyd has secured an engineering and procurement contract from Saudi Arabian state-run oil company Saudi Aramco.

The order was secured by the Indian firm’s Saudi Arabia based subsidiary, Dayim Punj Llyod.
In a release, Punj Lyod said the contract was for engineering, procurement and construction of offsite pipelines for Saudi Aramco’s … Read the original article on Gaea Times at : Punj Llyod bags engineering contract from Saudi oil firm.

Core Projects acquires two US firms worth $25 mn revenue

NEW DELHI – India’s leading global education company Core Projects and Technologies Ltd (CPTL) Monday said that it has acquired two education firms in the US worth a combined revenue generation of $25 million.

“The company has acquired Technical Systems Integrators LLC (TSI), a Georgia-based education solutions company, and New York-based Keenan and Keenan Group …. Source  : Gaea News Network.

Sensex momentum continues, heavyweights soar

MUMBAI – A benchmark index for Indian equities continued with its bull run Monday, finding key support from heavyweight stocks like Reliance Industries, ITC and Bharti Airtel.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,445.2 points, was at 19,771.32 points, 176.57 points or 0.9 percent up from its …. Read the original article  : Sensex momentum continues, heavyweights soar.

McCourt divorce trial set to resume in Los Angeles with former Dodgers CEO’s testimony

McCourt divorce trial set to resume in Calif.

LOS ANGELES – Former Los Angeles Dodgers CEO Jamie McCourt contends she would never give away an ownership stake to one of baseball’s more storied franchises. She’ll now have to explain to a judge why she signed a postnuptial agreement that gives the team to her estranged husband.
McCourt … Read : McCourt divorce trial set to resume in Los Angeles with former Dodgers CEO’s testimony.

DISPPL launches new GSM-based security systems in India

Noida (Uttar Pradesh), Sept.20 (ANI-Business Wire India): ISPPL, A pioneer in banking security, has launch of a new GSM based Alarm system into the Indian banking security market.

Digitals India Security Products Pvt Ltd., No. 1 integrator in the banking security, has … Original source on Gaea Times at : DISPPL launches new GSM-based security systems in India.

Bomb scare disrupts train services in West Bengal

KOLKATA – Train services in the Kharagpur-Adra section in West Bengal were disrupted for over four hours Monday after a tiffin box fitted with wires was found on the railway tracks in West Midnapore district. No explosives were found in the tiffin box.

“Villagers noticed the tiffin box fitted with wires on the tracks at Atabandh …. Read the original article  : here.

Chinese automaker SAIC noncommittal on stake in General Motors’ IPO

China’s SAIC noncommittal on stake in GM IPO

SHANGHAI – Chinese automaker and General Motors Co. partner SAIC said Monday it is paying close attention to GM’s upcoming stock sale, but gave no hint over whether it plans to take a stake itself.
GM executives in the U.S. and China likewise refused comment on reports that the …. Source  : Chinese automaker SAIC noncommittal on stake in General Motors’ IPO.

From Havana to Harlem: Cuban minister says island needs support from African-American leaders

Cuban minister recalls NY Malcolm X-Castro meeting

NEW YORK – Fifty years after Malcolm X met with Fidel Castro in New York in the midst of the Cold War the Cuban people still rely on the support of African-Americans, Cuba’s foreign minister said.
Bruno Rodriguez spoke Sunday at an event commemorating the black civil rights leader’s September … Read this article on Gaea Times at : From Havana to Harlem: Cuban minister says island needs support from African-American leaders.

Water inflow into Himachal’s Pong dam rises again

SHIMLA – The inflow of water into Himachal Pradesh’s Pong dam again increased marginally Monday due to rainfall, but the authorities said there was no need for worry as the reservoir still has capacity to withhold additional water.

“The inflow increased this (Monday) morning to more than 18,000 cusecs against Sunday’s 8,000 cusecs,” K.C. Rana of … Original article on : Water inflow into Himachal’s Pong dam rises again.

Oil inches to near $74 as traders eye US economy, crude inventories

Oil inches to near $74 as traders eye US economy

SINGAPORE – Oil prices hovered below $74 a barrel Monday in Asia as traders look to indicators on the U.S. economy and crude inventories for clues about the strength of demand.
Benchmark crude for October delivery was up 27 cents to $73.93 a barrel at midday Singapore … Read more >>>.

Asian stock markets mixed after weak cue from Wall Street, trade subdued amid holidays

Asian markets subdued amid week of holidays

BANGKOK – Asian stock markets were mixed in subdued trading Monday amid a week punctuated by holidays in Japan and other major regional markets.
The lackluster start in Asia came after Wall Street gave up most of its gains on Friday to close slightly higher. The initial rise was triggered … Read more »»».

Custom chopper signed by Obama and Biden will be auctioned to benefit military families

Custom chopper signed by Obama to be auctioned

WASHINGTON – A custom-designed motorcycle signed by President Barack Obama will be auctioned in Las Vegas to support military families.
The United States Army Chopper bearing Obama’s signature, along with autographs from Vice President Joe Biden and national security adviser James Jones, will be auctioned by Barrett-Jackson Auction Co. …. Original source  : Custom chopper signed by Obama and Biden will be auctioned to benefit military families.

Money Market Operations as on Sep 17, 2010

…. Original source  : Money Market Operations as on Sep 17, 2010.

Peru police take back power plant seized by coca growers protesting crop eradication campaign

Peru cops take power plant back from coca growers

LIMA, Peru – Hundreds of coca growers briefly seized control of a power plant in Peru’s interior Sunday, cutting off electricity to the estimated 430,000 people who live in Ucayali province.
Police later moved in, arresting 120 people and freeing 30 employees who got the power on again …. Source article on Gaea Times at  : Peru police take back power plant seized by coca growers protesting crop eradication campaign.

Protesting coca growers paralyze Peruvian power plant, demand end to crop eradication

Peru coca growers paralyze power plant
LIMA, Peru – Hundreds of coca growers in Peru have seized control of a thermoelectric plant in the country’s interior, cutting off electricity to the estimated 430,000 people who live in Ucayali province.

The provincial governor and the plant’s director of operations reported Sunday’s takeover of the facility at Aguaytia in … Read this article on Gaea Times at : Protesting coca growers paralyze Peruvian power plant, demand end to crop eradication.

Treasury Department statement says foreign investors could be courted in GM stock sale

Government could seek foreign investors for GM

DETROIT – Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North America, according to a U.S. Treasury Department statement.
GM and the Treasury Department would not comment Sunday on reports that the automaker is in talks with …. Read the original article  : here.

Swedish government loses majority in election as far-right group enters Parliament

Swedish gov’t loses majority as far-right surges

STOCKHOLM – A far-right party entered the Swedish Parliament for the first time in elections Sunday, spoiling the center-right government’s victory and majority, and plunging the country into political disarray, preliminary results showed.
Prime Minister Fredrik Reinfeldt was seeking to become the first center-right leader to win re-election after serving …. Source article  : Swedish government loses majority in election as far-right group enters Parliament.

Tom Hicks looks to private equity help to keep hold of Liverpool, would share control

Hicks looks to private equity to keep Liverpool

LONDON – Liverpool co-owner Tom Hicks is launching another bid to keep hold of the Premier League club by securing financing from a private equity company.
Hicks along with co-owner George Gillett Jr. had put the club up for sale in April, saying they lacked the funding to take …. Source  : Tom Hicks looks to private equity help to keep hold of Liverpool, would share control.

24/7: Major college football coaches work to balance stressful jobs with healthy living

College football coaches try balancing job, health

NEW YORK – Imagine if every decision you made at work was scrutinized by millions of people and your livelihood was essentially tied to the performance of a bunch of college students.
That’s the life of big-time college football head coaches such as Michigan State’s Mark Dantonio, who had a … Read more : 24/7: Major college football coaches work to balance stressful jobs with healthy living.

Suzlon Energy bags Rs.1,149 crore wind power order

NEW DELHI – India’s wind turbine manufacturing major Suzlon Energy Tuesday said it has won a 202 MW order from a Kolkata-based Techno Electric Group for Rs.1,149 crore ($251.69 million).

The order comprises 24 units of Suzlon’s S88 2.1 MW wind turbine generators (WTGs), 34 units of Suzlon’s S82 1.5 MW WTGs and 48 units …. Read the original article  : Suzlon Energy bags Rs.1,149 crore wind power order.

Hindustan Petroleum On A High

MUMBAI, INDIA (GaeaTimes.com)- Hindustan Petroleum Corporation Ltd has plans to acquire oil blocks in the African countries as has been confirmed by Subir Roy Choudhari, the Managing Director and Chairman of the company. The company is in the process of securing oil blocks in countries like Egypt, Oman and Australia already. The information …. Read the original article  : Hindustan Petroleum On A High.

Amway India Focuses On Brand Building

DELHI, INDIA (GaeaTimes.com)- Amway is one of the companies that introduced and popularized the concept of direct selling in India. Initially the Indian buyers found the concept weird but over the last few years it has been able to establish a foothold in the FMCG market. The direct selling companies including Amway … Read this article on Gaea Times at : Amway India Focuses On Brand Building.

POLITICAL INSIDER: Ellsworth tries to blame Coats for closed Ind. factory

POLITICAL INSIDER: Job loss fuels Ind. campaign

WABASH, Ind. – Democratic Senate hopeful Brad Ellsworth blamed his Republican rival’s one-time employer for sending 800 Indiana jobs to Canada and Mexico – a criticism he later acknowledged might not stick.
Ellsworth, a two-term House member from the southwest corner of the state, met with former employees and union …. Source  : POLITICAL INSIDER: Ellsworth tries to blame Coats for closed Ind. factory.

Foreign funds lift India’s Sensex above 20,000-point mark

MUMBAI – A benchmark index of Indian equities scaled the 20,000-point mark Tuesday, fuelled by some impressive buying by foreign funds and overall positive mood in other markets.

Soon after the opening bell, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) shot up to 20,088.96 points, the highest in 32 months. This was … Read more »»».

AP Investigation: As its value tanked, California’s pension fund awarded raises, bonuses

AP Investigation: CalPERS bumped pay as fund dived

SACRAMENTO, Calif. – As its investment portfolio was losing nearly a quarter of its value, the country’s largest public pension fund doled out six-figure bonuses and substantial raises to its top employees, an analysis by The Associated Press has found.
Board member Tony Olivera said the California Public Employees’ … Read this article on Gaea Times at : AP Investigation: As its value tanked, California’s pension fund awarded raises, bonuses.

India, Brazil and South Africa get UN award

UNITED NATIONS – The India, Brazil and South Africa Facility for Poverty and Hunger Alleviation (IBSA Fund) has received the 2010 UN Millennium Development Goals (MDG) Award for South-South Cooperation.

The award recognises the work of the three countries in using innovative approaches to share, replicate and scale up successful development experiences for combating poverty …. Read the original article  : India, Brazil and South Africa get UN award.

Asian markets advance after Dow logs highest close since May on hopes for Fed action

Asian shares rise amid hopes for Fed action

BANGKOK – Asian stock markets mostly advanced Tuesday as hopes for more action by the Federal Reserve to prop up the U.S. economy extended Wall Street’s rally into a fourth week.
As the Fed meets to discuss interest rates there is a growing expectation that the central bank’s rate-setting …. Source  : Asian markets advance after Dow logs highest close since May on hopes for Fed action.

India third most powerful nation: US report

WASHINGTON – India is listed as the third most powerful country in the world after the US and China and the fourth most powerful bloc after the US, China and the European Union in a new official US report.

The new global power lineup for 2010 also predicted that New Delhi’s clout in the world will …. Source article on Gaea Times at  : India third most powerful nation: US report.

Fed wrestles with whether bolder action is needed to strengthen economy

Fed to ponder whether bolder action needed

WASHINGTON – Federal Reserve policymakers are wrestling with what additional steps – if any – should be taken to strengthen the plodding economy and drive down near double-digit unemployment.
Lots of lively debate is expected at Tuesday’s meeting. But few expect any major programs to be unveiled. Instead, many will …. Source  : Gaea News Network.

Oil slips to near $74 in Asia as traders look to Fed meeting for guidance on rates, growth

Oil slips to near $74 ahead of key Fed meeting

SINGAPORE – Oil prices slipped to near $74 a barrel Tuesday in Asia as traders looked to a key U.S. central bank meeting later in the day for possible new polices to help boost economic growth.
Benchmark crude for October delivery was down 53 cents to $74.33 … Read the original article on Gaea Times at : Oil slips to near $74 in Asia as traders look to Fed meeting for guidance on rates, growth.

Chinese revel in new ‘home deliveries’

BEIJING – Even as winter is on its way in China, people are looking forward to the comfort of their homes and having some entertainment. Most of them plan to have Superman “delivered” at 1,000 yuan an hour or a pole dance tutor at 800 yuan.

While food, drink or shopping bags have been delivered to … Original source on Gaea Times at : Chinese revel in new ‘home deliveries’.

George Steinbrenner honored with largest monument at Yankee Stadium

Yankees unveil monument to George Steinbrenner

NEW YORK – George Steinbrenner is now truly the biggest of the Yankees greats – as measured in Monument Park.
The colorful and combative owner was honored with the largest tribute in the team’s storied area of remembrance behind the center-field fence. His 7-by-5-foot, 760-pound monument of bronze atop a granite …. Source  : George Steinbrenner honored with largest monument at Yankee Stadium.

Fed wrestles with whether bolder action is needed to strengthen economy

Fed to ponder whether bolder action needed

WASHINGTON – Federal Reserve policymakers are wrestling with what additional steps – if any – should be taken to strengthen the plodding economy and drive down near double-digit unemployment.
Lots of lively debate is expected at Tuesday’s meeting. But few expect any major programs to be unveiled. Instead, many will … Read more »»».

Money Market Operations as on Sep 20, 2010

… Read more >>>.

Lindsay Lohan ends $100M NYC suit over E-Trade baby ad; said she was butt of ‘milkaholic’ joke

Lindsay Lohan ends NY lawsuit over E-Trade baby ad

NEW YORK – Lindsay Lohan’s $100 million lawsuit over an E-Trade television commercial is all over, baby.
A Manhattan court filing Monday said the actress has withdrawn her case against the brokerage, which she’d accused of making her the implied target of jokes about a “milkaholic” named Lindsay … Read more : Lindsay Lohan ends $100M NYC suit over E-Trade baby ad; said she was butt of ‘milkaholic’ joke.

Judge backs Minn. law requiring corporations, political groups to reveal donors and spending

Judge backs Minn. disclosure law on political cash

ST. PAUL, Minn. – A federal judge refused on Monday to interfere with a new Minnesota law that revealed political donations from Target Corp. and other companies, saying the public has an interest in knowing who speaks and who pays for those messages as the election approaches.
U.S. District …. Original article  : Judge backs Minn. law requiring corporations, political groups to reveal donors and spending.

Union, state of Illinois reach deal that could bar government layoffs for nearly 2 years

Union reaches deal with Ill. to avoid layoffs

SPRINGFIELD, Ill. – Gov. Pat Quinn has reached a deal with a major union that could save the Illinois government between $50 million and $100 million while barring layoffs of most state employees, both sides said Monday.
Under the agreement, the state won’t cut jobs or close institutions until …. Source  : Union, state of Illinois reach deal that could bar government layoffs for nearly 2 years.

Sanofi-Aventis reports positive blood sugar control for experimental diabetes drug

Sanofi reports positive results with diabetes drug

NEW YORK – Sanofi-Aventis said Monday that a study of its experimental diabetes drug showed better blood sugar control than placebo.
The study included 361 patients with type 2 diabetes who randomly received either lixisenatide, the company’s diabetes injectable, or a sham treatment. Lixisenatide is part of the new GLP-1 …. Read the original article  : here.

Ex-Hartford Whalers owner to take over business operations of Hartford AHL franchise

Ex-Whalers owner taking over Hartford AHL team

HARTFORD, Conn. – The former owner of the Hartford Whalers is taking control of business operations of the city’s minor league hockey team and renaming the franchise the Connecticut Whale.
Howard Baldwin announced on Monday his company, Hartford Hockey LLC., will be responsible for marketing, ticket sales and other day-to-day … Read more »».

Mumbai presents greatest potential for corporate air travel, hotel cost savings in 2011

GURGAON – The world’s fifth largest travel management company, Egencia, has said that India’s commercial capital Mumbai and the Australian city of Melbourne, offer the greatest potential for savings on corporate air travel and hotel bookings in 2011, … Read this article on Gaea Times at : Mumbai presents greatest potential for corporate air travel, hotel cost savings in 2011.

UN anti-poverty goals get financial pledges, but no certainty that 2015 targets will be met

UN anti-poverty goals get new financial pledges

UNITED NATIONS – A three-day summit to push global leaders to meet U.N. goals to significantly reduce poverty by 2015 wraps up Wednesday with new financial pledges from countries but no certainty there will be enough money and political commitment to meet the targets.
With many countries under financial pressure … Read more >>>.

Obama’s loss of top economic adviser could set stage for postelection changes

Obama’s top economic adviser leaving White House

WASHINGTON – The departure of President Barack Obama’s top economic adviser at the end of the year could provide the White House with an opportunity to revamp its economic team after the November elections, when voters are expected to take out their anxieties on Democrats.
The White House says Lawrence … Read : Obama’s loss of top economic adviser could set stage for postelection changes.

Starting Thursday: No lifetime cap, free preventive care among health law changes kicking in

Health law kicks into 2nd gear; does it help me?

CHICAGO – The nation’s new health care law turns 6 months old Thursday and starts delivering protections and dollars-and-cents benefits that Americans can grasp. But it won’t affect all consumers the same way, which may cause confusion.
Q: Will everyone’s health insurance change on Thursday?
A: No. It …. Source  : Gaea News Network.

Weighed down by a struggling economy, Obama seeks to remind the world of busy foreign agenda

For Obama, time to remind the world of his agenda

WASHINGTON – Consumed by concerns at home, President Barack Obama turns back to the world stage this week, hoping to remind anyone listening of his efforts to reshape the image and diplomacy of the United States. Yet even this moment is shadowed by economic woes.
Obama’s trip … Read more >>>.

BlackBerry set to unveil tablet computer Monday

TORONTO – Though BlackBerry maker Research in Motion (RIM) is keeping mum, the Canadian company is expected to unveil its BlackPad tablet computer to rival Apple’s iPad Monday, according to media reports in North America.

The announcement is likely to be made at its developer’s conference in San Francisco.
Quoting people familiar with RIM’s plans, the …. Source article on Gaea Times at  : BlackBerry set to unveil tablet computer Monday.

Maximizer CRM 11 Entrepreneur and Team Editions Released in India

Bracknell (UK), Sept. 22 (ANI-Business Wire India): Maximizer Software – a leading provider of simple, accessible and affordable customer relationship management (CRM) systems – has launched new versions of its popular Maximizer CRM 11 Entrepreneur and Team Editions in India.

The new editions, which are available through local Maximizer business partners, are designed specifically for …. Source  : Gaea News Network.

Wipro ranked as leader among testing services providers

Bangalore, Sept.22 (ANI-Business Wire India): Wipro Technologies, the global IT services business of Wipro Limited, announced that it has been cited by IDC Research Inc., an independent research firm, as a leader among Tier-1 Testing Services Providers in a July 2010 report titled “IDC MarketScape : Global Testing Services, 2010 Vendor Analysis”.

This study focuses on …. Original article  : Wipro ranked as leader among testing services providers.

Asian stock markets mixed as yen climbs after Fed meeting, drags on Nikkei

Asian stock markets mixed after Fed meeting

TOKYO – Asian stock markets were mixed in holiday-thinned Wednesday after the Federal Reserve indicated it is ready to do more to help the U.S. economy but stopped short of announcing specific measures.
The Fed said it is concerned that inflation is below levels consistent with a healthy economy and … Read this article on Gaea Times at : Asian stock markets mixed as yen climbs after Fed meeting, drags on Nikkei.

India, US launch SME forum to create jobs

WASHINGTON – Ahead of US President Bartack Obama’s November visit to India, the two countries have launched a Small and Medium Enterprise (SME) Forum to help generate new jobs and investments and spur economic growth.

The inaugural meeting focused on “Integrating SMEs into the US-India Value Chain” was hosted here Tuesday by the US-India Business Council … Original source on Gaea Times at : India, US launch SME forum to create jobs.

Asian stock markets mostly post modest gains after Fed says ready to help economy

Asian stocks post modest gains after Fed meeting

TOKYO – Asian stock markets posted modest gains in holiday-thinned trade Wednesday after the Federal Reserve indicated it is ready to do more to help the U.S. economy but stopped short of announcing specific measures.
The Fed said it is concerned that inflation is below levels consistent with a …. Original source  : Asian stock markets mostly post modest gains after Fed says ready to help economy.

Gandhinagar solar power project gets IFC help

WASHINGTON – The International Finance Corporation (IFC) is working on a public-private partnership deal with India’s Gujarat state to design and structure a distributed rooftop solar power project in Gandhinagar. The project will be the first of its kind in India.

The pilot project for the 5-megawatt solar installation is expected to reduce greenhouse gas …. Source article  : Gandhinagar solar power project gets IFC help.

India, US vow to end trade row before Obama visit

WASHINGTON – India and the US have pledged to work together to boost trade ties while redoubling efforts to resolve several issues of concern, including visa and outsourcing issues, before President Barack Obama’s November visit.

A joint statement issued after a meeting of Indo-US Trade Policy Forum, co-chaired by Indian Minister of Commerce and Industry Anand … Read more : India, US vow to end trade row before Obama visit.

Sensex moves up 80 points in morning trade

MUMBAI – A benchmark index of Indian equities Wednesday moved up further after scaling the 20,000-point mark in the previous session.

Soon after the opening bell, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,039.43, was up 64.57 points or 0.32 percent at 20,066.12 points, from its previous close at …. Original article on Gaea Times at  : Sensex moves up 80 points in morning trade.

US, India pledge closer trade ties

WASHINGTON – The US and India Tuesday pledged to work together to boost trade ties ahead of President Barack Obama’s first visit to the Asian power next month.

Following a meeting in Washington between US Trade Representative Ron Kirk and Indian Minister of Commerce and Industry Anand Sharma, the two sides in a joint statement said …. Original source  : US, India pledge closer trade ties.

Money Market Operations as on Sep 21, 2010

…. Read the original article  : here.

CEO Kavanaugh: Relativity Media to exceed $2 billion in revenue this year; profit up 4-5 times

CEO: Relativity Media to exceed $2B in revenue

LOS ANGELES – Privately held film financier Relativity Media will bring in more than $2 billion in revenue for the first time this year, its CEO Ryan Kavanaugh said Tuesday.
The news comes as major movie studios are slashing costs and producing fewer movies as the industry is buffeted … Original source on Gaea Times at : CEO Kavanaugh: Relativity Media to exceed $2 billion in revenue this year; profit up 4-5 times.

In a tough economic time, Finchem says going forward means not going backward

Finchem pleased golf not losing ground
ATLANTA – PGA Tour commissioner Tim Finchem expects three or four tournaments to be without a title sponsor going into the 2011 season, although he said the tour has no plans to subsidize them.

Finchem painted an optimistic picture Tuesday of the tour, noting its cumulative TV audience – number of …. Source  : In a tough economic time, Finchem says going forward means not going backward.

World’s oldest man to mark 114th birthday in US with invitation-only celebration

World’s oldest man marks 114th birthday in US

GREAT FALLS, Montana – A Montana resident believed to be the world’s oldest man celebrated his 114th birthday Tuesday at a retirement home in Great Falls.
Walter Breuning was born on Sept. 21, 1896, in Melrose, Minnesota, and moved to Montana in 1918, where he worked as a clerk … Read the original article on Gaea Times at : World’s oldest man to mark 114th birthday in US with invitation-only celebration.

Nebraska to lose $9 million in Big 12 distributions as penalty for leaving for Big Ten

Move to Big Ten costs Nebraska $9M
LINCOLN, Neb. – Nebraska’s departure from the Big 12 Conference will cost the university more than $9 million.

The Big 12 and the university announced a settlement on Tuesday in which the conference will withhold $9.255 million in conference distributions rather than the estimated $19.4 million the Big 12 had …. Source article  : Nebraska to lose $9 million in Big 12 distributions as penalty for leaving for Big Ten.

L&T forms JV for power transmission in South Africa

NEW DELHI – Larsen and Toubro (L&T) has signed a shareholders agreements with South Africa-based Befula Investments to form a joint venture company, Larsen and Turbo T&D SA (Pty) Ltd, to tap power transmission and distribution opportunities in that country.

South Africa, despite having an installed capacity close to 44,000 MW, is facing a severe peak … Read more : L&T forms JV for power transmission in South Africa.

Volkswagen to build new engine plant in Mexico

Mexico City, Sep 23 (IANS/EFE) German automaker Volkswagen said Wednesday it plans to build a $550 million plant with annual production capacity of 330,000 engines in the central Mexican state of Guanajuato.

During an event at the Mexican presidential residence of Los Pinos, the company said the new engine plant will be located at the Puerto … Original source on Gaea Times at : Volkswagen to build new engine plant in Mexico.

Whitman compares economically depressed Fresno to Detroit, draws criticism from state senator

Whitman compares economy in Fresno to Detroit

SACRAMENTO, Calif. – Republican gubernatorial candidate Meg Whitman says Fresno is a lot like Detroit, making the comparison in the context of what the recession has done to one of California’s largest cities.
Whitman made the comparison during an editorial board meeting with the San Jose Mercury News, which published … Original source on Gaea Times at : Whitman compares economically depressed Fresno to Detroit, draws criticism from state senator.

Forbes 400: Bill Gates Maintains #1 Spot

NEW YORK (GaeaTimes.com)- The latest Forbes 400 of the richest people in America shows that Bill Gates is still the richest man in the world with a total worth of $54billion. Warren Buffet follows the Microsoft co-founder on the list with #45billion. Among some of surprises on the list is Mark Zuckerberg who has … Original source on Gaea Times at : Forbes 400: Bill Gates Maintains #1 Spot.

Regulators approve new western North Dakota oil pipeline, say it should ease truck traffic

Regulators approve new oil pipeline in western ND

BISMARCK, N.D. – A new oil pipeline through three western North Dakota counties will help deliver crude to at least three regional markets and will reduce truck traffic on the region’s roads, state regulators said Wednesday.
North Dakota’s Public Service Commission endorsed a route for the 12-inch pipeline, which … Read this article on Gaea Times at : Regulators approve new western North Dakota oil pipeline, say it should ease truck traffic.

Similac Recall By Abbot Laboratories Hits Parents

NORTH CHICAGO (GaeaTimes.com)- Parents of infants in many countries got a shock on Wednesday when Abbot Laboratories Inc.went on to recall millions of its Similac-brand formulas for infants from the market. The company that announced the recall on Wednesday held that it was voluntarily recalling Similac powdered infant formulas from the market after …. Source article on Gaea Times at  : Similac Recall By Abbot Laboratories Hits Parents.

A Profile of Banks 2009-10

The Reserve Bank of India has, today, placed on its website "A Profile of Banks 2009-10 (rbi.org.in/scripts/AnnualPublications.aspx?head=A Profile of Banks) ". The publication, “A Profile of Banks 2009-10”,the  sixth volume in the series, provides a  bank-wise and bank group-wise information on important performance indicators of all scheduled commercial banks, excluding [..] Read the original article: here.

Family planning adversely affecting Shanghai growth

SHANGHAI – Shanghai, China’s commercial capital, has avoided the birth of about seven million children in the past 30 years because of its family-planning policy which has now adversely affected the city and left it with a majority elderly population.

Shanghai had only 1.17 million registered children aged 14 or younger in 2009.
If the … Read more : Family planning adversely affecting Shanghai growth.

India asks rich nations to keep their promises to spur growth

UNITED NATIONS – India has called upon rich nations to urgently fulfil their commitment to provide more funds, transfer technology and undertake capacity building in developing countries to spur international development.

“The lack of progress on building a robust global partnership needs to be urgently addressed,” Indian External Affairs Minister S.M. Krishna said while addressing a … Read more : India asks rich nations to keep their promises to spur growth.

Bills vote in favor of allowing NFL Players Association to decertify in event of lockout

Bills players back NFLPA in decertification vote

ORCHARD PARK, N.Y. – Buffalo Bills players became at least the fifth NFL team to vote in favor of giving the NFL Players Association the right to decertify in the event of a lockout next year.
Bills union representative safety George Wilson said the vote was unanimous and held after … Read more : Bills vote in favor of allowing NFL Players Association to decertify in event of lockout.

Ahead of Obama meeting, Chinese premier plays down differences with US

China seeks to play down differences with US

NEW YORK – Chinese Premier Wen Jiabao expressed optimism Wednesday that the United States and China would resolve major trade frictions, even as he rejected U.S. claims that Beijing’s currency policies cost American jobs.
Despite sometimes tough words, Wen used much of a speech on the sidelines of a …. Source article  : Ahead of Obama meeting, Chinese premier plays down differences with US.

IHS fiscal 3rd-quarter earnings slightly below year-ago on charge, revenue grows 14 percent

IHS 3Q earnings slightly below year-ago results

ENGLESWOOD, Colo. – IHS Inc. posted third-quarter earnings late Wednesday that were slightly below its year-ago results, despite a solid revenue increase.
The Englewood, Colo., consulting company reported net income of $34.6 million, or 53 cents per share, on $272.1 million in revenue for the three months ended Aug 31. [..] Read the original article: here.

Democrat in Conn. US Senate race, unions take aim at McMahon’s management of wrestling empire

Dem, unions bash McMahon, WWE in Conn. Senate race

HARTFORD, Conn. – Democratic U.S. Senate candidate Richard Blumenthal and his supporters in organized labor united Wednesday to heap criticism on Republican Linda McMahon and how she has run her Connecticut-based professional wrestling empire.
At one news conference, Blumenthal, the state’s attorney general, mentioned how McMahon “took home” … Read the original article on Gaea Times at : Democrat in Conn. US Senate race, unions take aim at McMahon’s management of wrestling empire.

Egg company heads give Congress few answers on what led to salmonella outbreak

Egg company heads give Congress few answers

WASHINGTON – The heads of two Iowa egg farms linked to as many as 1,600 salmonella illnesses this summer gave Congress few answers in testimony about the conditions at their farms Wednesday, as one executive would not testify and the other did not answer many of the lawmakers’ questions.
The … Read this article on Gaea Times at : Egg company heads give Congress few answers on what led to salmonella outbreak.

Summary Box: Forbes looks to harness ‘entrepreneurial’ journalism with a redesign

Summary Box: Forbes undergoes radical overhaul

THE NEWS: Forbes magazine is launching redesigned print and Web editions this week.
THE BACKGROUND: Declining print advertising rates is draining profits from Forbes and the magazine industry as a whole.
THE STRATEGY: The magazine is building a vast network of bloggers who are expected to build their own personal audience and …. Original article  : Summary Box: Forbes looks to harness ‘entrepreneurial’ journalism with a redesign.

DineEquity, parent of Applebee’s and IHOP, says sales in 3rd quarter trending up

Applebee’s, IHOP parent 3Q sales trending higher

GLENDALE, Calif. – DineEquity Inc. the parent company of Applebee’s and IHOP restaurants, on Wednesday said its third-quarter sales are trending higher in both chains.
For the first 11 weeks of the 12-week period, revenue at Applebee’s restaurants open at least a year increased 2.7 percent over last year, the … Read the original article on Gaea Times at : DineEquity, parent of Applebee’s and IHOP, says sales in 3rd quarter trending up.

The Fed worries about something unusual: Inflation may actually be too low

Unusual worry for economy: Is inflation too low?

WASHINGTON – It might seem like prices are rising wherever you look, from medical care to college tuition. Yet to the Federal Reserve, they might not be going up fast enough.
The Fed says a little more inflation might be just the thing to start a chain reaction that …. Original source  : The Fed worries about something unusual: Inflation may actually be too low.

Blockbuster soon to file for Chapter 11 bankruptcy protection, according to reports

Report: Blockbuster Ch. 11 filing likely soon

NEW YORK – Troubled video-rental chain Blockbuster Inc. is planning to file for Chapter 11 reorganization any day now, according to published reports.
Citing sources with knowledge of the situation that it did not name, the Wall Street Journal says Blockbuster is working with creditors to develop a restructuring plan … Original article on : Blockbuster soon to file for Chapter 11 bankruptcy protection, according to reports.

BioMed Realty Trust begins 13.5 million share sale; to help cover acquisitions, debt payments

BioMed to sell 13.5M shares to fund acquisitions

SAN DIEGO – BioMed Realty Trust Inc. on Wednesday said it is selling 13.5 million shares of common stock.
The real estate investment trust, which focuses on locations for biotechnology and pharmaceutical companies and scientific research facilities, said it plans to use the proceeds of the offering to partly … Original article on : BioMed Realty Trust begins 13.5 million share sale; to help cover acquisitions, debt payments.

Starbucks to raise prices on big, labor-intensive drinks as raw coffee prices rise

Starbucks plans price increases on some drinks

Starbucks customers will soon get a jolt before any caffeine touches their lips. The world’s biggest cafe chain is raising prices.
Raw coffee prices have been rising. Starbucks said on Wednesday that it has absorbed the higher prices until now, but no more. It said the price increases will be …. Read the original article  : Starbucks to raise prices on big, labor-intensive drinks as raw coffee prices rise.

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.

Regulators shut small banks in Florida, Washington to bring US bank failures this year to 127

Regulators shut banks in Florida, Washington state

WASHINGTON – Regulators on Friday shut down small banks in Florida and Washington state, bringing to 127 the number of U.S. bank failures this year on a wave of loan defaults and economic distress.
The Federal Deposit Insurance Corp. took over Haven Trust Bank Florida of Ponte Vedra Beach, Fla., … Original source on Gaea Times at : Regulators shut small banks in Florida, Washington to bring US bank failures this year to 127.

FDA approves Bayer oral contraceptive Beyaz with folate supplement

FDA approves oral contraceptive Beyaz with folate

SAN FRANCISCO – The Food and Drug Administration approved an oral contraceptive Friday from Bayer HealthCare Pharmaceuticals Inc. that includes a folate supplement.
The FDA approved Beyaz to prevent pregnancy and to treat moderate acne in females who are 14 or older and symptoms of premenstrual dysphoric disorder for those … Original article on : FDA approves Bayer oral contraceptive Beyaz with folate supplement.

David Beckham sues In Touch magazine publisher over claims he cheated on wife with hookers

Beckham sues publisher over prostitute claims

LOS ANGELES – Lawyers for David Beckham have filed a lawsuit in Los Angeles alleging that a magazine knowingly published false claims that the soccer superstar had sex with prostitutes.
The suit filed Friday in Los Angeles Superior Court accuses Delaware-based Bauer Publishing Company LP and its affiliates of libel, slander …. Original article  : David Beckham sues In Touch magazine publisher over claims he cheated on wife with hookers.

Japan releases Chinese captain in territorial dispute; China demands apology

Japan releases Chinese boat captain amid dispute

BEIJING – China demanded an apology and compensation from Japan on Saturday after it released a Chinese fishing boat captain held more than two weeks after a collision near disputed islands that has triggered the worst spat between the Asian neighbors in years.
Japanese authorities released Zhan Qixiong, 41, early …. Read the original article  : Japan releases Chinese captain in territorial dispute; China demands apology.

Bernanke says Federal Reserve’s efforts to aid economy, lower unemployment have fallen short

Fed boss says plodding economy still needs help

WASHINGTON – The economy is recovering from a deep recession more slowly than anticipated and still needs help from the Federal Reserve, Chairman Ben Bernanke said Friday.
The Fed’s efforts to pump up the economy and lower unemployment have fallen short, Bernanke indicated in remarks at a conference at … Read more >>.

Negotiations end for the day in McCourt divorce case that could determine Dodger ownership

Mediation ends for the day in McCourt divorce case

LOS ANGELES – Negotiations have ended for the day in the divorce case of Jamie and Frank McCourt that could determine future ownership of the Los Angeles Dodgers.
Both sides met all day Friday in a downtown Los Angeles courtroom before Superior Court Judge Peter Lichtman.
Court spokesman Allan … Read the original article on Gaea Times at : Negotiations end for the day in McCourt divorce case that could determine Dodger ownership.

Citi’s Pandit will work for $1 in 2010 too

WASHINGTON – Citigroup’s India-born CEO Vikram Pandit has decided to work for just $1 for the second year in a row.

Pandit, who has restored the ailing banking giant to profitability and brought it mostly out from under strict government scrutiny after a $45 billion rescue during the financial crisis, told the Citi board … Read : Citi’s Pandit will work for $1 in 2010 too.

Summary Box: House panel clears bill targeting countries engaging in currency manipulation

Summary Box: China targeted in currency bill

CHINA CURRENCY: The House Ways and Means Committee approves a bill that would give the government the power to impose economic sanctions on China and other countries found to be manipulating their currencies to gain trade advantages.
YUAN VALUE: American manufacturers contend the Chinese yuan is undervalued by as much …. Source  : Gaea News Network.

Los Angeles judge hears claims over who owns enormous emerald discovered in Brazil

LA judge weighs ownership of gigantic emerald

LOS ANGELES – One of several people claiming ownership of an 840-pound emerald has told a judge he paid for the behemoth gem shortly after it was unearthed in Brazil.
Anthony Thomas took the stand in a Los Angeles courtroom Friday and was questioned by lawyers for other people claiming … Read more : Los Angeles judge hears claims over who owns enormous emerald discovered in Brazil.

Health insurer rule draft yields few surprises on Wall Street

Health insurer rule draft yields few surprises

INDIANAPOLIS – The framework for a key health care reform rule governing insurance companies wound up falling mostly in line with Wall Street expectations, according to a Leerink Swann analyst.
A draft of the rule for medical loss ratios was released Thursday by the National Association of Insurance Commissioners.
Starting next … Read more »»».

Mass. Sen. Brown headlines Pa. GOP Senate fundraiser; Dem foe calls his opponent extremist

Mass. Sen. Brown headlines Pa. Senate fundraiser

PHILADELPHIA – Pennsylvania’s Republican candidate for U.S. Senate, Pat Toomey, continued his efforts to appeal to moderates with a visit Friday from Massachusetts Sen. Scott Brown, a tea party favorite until a centrist voting streak turned many former supporters against him.
Brown, headliner for a Toomey fundraiser at a posh …. Source  : Mass. Sen. Brown headlines Pa. GOP Senate fundraiser; Dem foe calls his opponent extremist.

Obama meets with Southeast Asian leaders to discuss territorial disputes with China, trade

Obama meets with Southeast Asian leaders
NEW YORK – U.S. President Barack Obama and Southeast Asian leaders met Friday to discuss territorial disputes with China and a fast-growing trade relationship, with Obama pledging to take a strong role in regional affairs.

The meeting took place at a time of friction between China, the other superpower in the …. Source article on Gaea Times at  : Obama meets with Southeast Asian leaders to discuss territorial disputes with China, trade.

Morgans Hotel Group: Federal lawsuit against Vegas casino over Hard Rock moniker without merit

Morgans: Lawsuit over Hard Rock name without merit

LAS VEGAS – Owners of the Hard Rock Hotel & Casino in Las Vegas say a federal lawsuit from the owners of the Hard Rock Cafe chain over their shared moniker is without merit.
Morgans Hotel Group Co. spokeswoman Jennifer Foley on Friday declined further comment on the restaurant … Read more >>>.

Gov’t seizes 3 failing wholesale credit unions; will resell $50 billion of toxic bonds

Gov’t seizes 3 failing wholesale credit unions

WASHINGTON – Federal regulators took over three key lenders to U.S. credit unions, after losses on mortgage investments threatened to topple them. The move was a reminder that parts of the financial system are still burdened by the toxic assets two years after the financial crisis peaked.
The National Credit …. Source article on Gaea Times at  : Gov’t seizes 3 failing wholesale credit unions; will resell $50 billion of toxic bonds.

Obama and Southeast Asian leaders call for freedom of navigation in South China Sea

Obama, SEast Asian leaders urge free navigation

NEW YORK – U.S. President Barack Obama and Southeast Asian leaders sent China a firm message Friday over territorial disputes between Beijing and its neighbors, calling for freedom of navigation in seas that China claims as its own.
Obama pledged to take a strong role in regional affairs, something welcomed …. Source article on Gaea Times at  : Obama and Southeast Asian leaders call for freedom of navigation in South China Sea.

Judge to approve $75M Citigroup settlement once bank adds assurances against future actions

Judge ready to approve $75M Citigroup settlement

WASHINGTON – A federal judge said Friday that she plans to approve the government’s $75 million settlement with Citigroup Inc. over charges it misled investors about billions in potential losses from subprime mortgages.
U.S. District Court Judge Ellen Segal Huvelle said she first wants assurances that Citigroup will maintain new … Original article on : Judge to approve $75M Citigroup settlement once bank adds assurances against future actions.

Analyst cuts estimates for Clorox after auto unit sale, but says deal makes sense for future

Analyst cuts Clorox estimates after auto unit sale

NEW YORK – Clorox Co. will make less money in fiscal 2011 because of the sale of its auto care products, but the deal makes sense for the company in the long-term, an analyst said Friday.
THE OPINION: Barclays Capital analyst Lauren Lieberman cut estimates for fiscal 2011 to … Read more : Analyst cuts estimates for Clorox after auto unit sale, but says deal makes sense for future.

Grains futures jump on Chicago Board of Trade; beef, pork futures trade mixed

Grains futures jump, livestock prices trade mixed

CHICAGO – Grain futures rose Friday on the Chicago Board of Trade.
Wheat for December delivery jumped 22.75 cents to $7.20 a bushel; December corn soared 22.5 cents to $5.2175 bushel; December oats added 14 cents to $3.52 a bushel; while soybeans for November delivery gained 32.5 cents to $11.26 …. Original article on Gaea Times at  : Grains futures jump on Chicago Board of Trade; beef, pork futures trade mixed.

AP-GfK Poll: Both parties disliked, Democrats struggle to overcome election enthusiasm gap

AP-GfK Poll: GOP more fired up as elections near

WASHINGTON – A political enthusiasm gap is helping Republicans in their effort to roll up big gains in the congressional elections. GOP supporters are a lot more interested in getting their party’s candidates elected than Democrats are in electing theirs, a new AP-GfK poll shows.
Democrats struggling to …. Original source  : AP-GfK Poll: Both parties disliked, Democrats struggle to overcome election enthusiasm gap.

Summary Box: Treasury prices slip after government reports some equipment orders rose.

Summary Box: Treasurys drop as durable orders rise

DURABLE BUMP: Bond prices fell after a suprise jump in durable goods orders.
TREASURY RATES: The 10 year note’s yield moved up to 2.61 percent, compared with 2.55 percent late Thursday.
THE FED BUYS: The Federal Reserve announced another purchase of Treasurys on Friday: $3.89 billion in bonds, bought with …. Source  : Summary Box: Treasury prices slip after government reports some equipment orders rose..

Tomato prices to shoot up as rains hit yield in Himachal

SHIMLA – Tomatoes are going to drill a hole in consumers’ pockets in north India in the coming months as incessant rains have destroyed at least 60 percent of the crop in Himachal Pradesh.

Trade representatives said 60-70 percent of the crop in the state had perished, pushing up prices in north Indian cities.
“More than …. Original article  : Tomato prices to shoot up as rains hit yield in Himachal.

Bangladesh discovers gas field with huge reserves

DHAKA – A new gas field with a possibility of a two to three trillion cubic feet (tcf) reserve has been found in Bangladesh, an official said.

The gas structure in the Sunamganj-Netrakona districts of the northeastern region has been discovered by the state-run Bangladesh Petroleum Exploration Company (Bapex).
The company is preparing to drill …. Source  : Gaea News Network.

Umps monitoring balls at Coors Field after Giants raise concern about ‘juiced’ balls with MLB

Giants concerned about Rockies using juiced balls

DENVER – Umpires are keeping a close eye on game balls at Coors Field after the San Francisco Giants expressed concern to the commissioner’s office that the Colorado Rockies might be using “juiced” balls when they’re batting.
Major League Baseball spokesman Pat Courtney confirmed that umpires were instructed to monitor … Read : Umps monitoring balls at Coors Field after Giants raise concern about ‘juiced’ balls with MLB.

Delhi Metro to reserve coach for women from Oct 2

NEW DELHI – One coach in all Delhi Metro trains will be reserved for women from Oct 2 in order to decongest the bogies.

The reserved ladies’ coach will be the first after the driver’s cab in every train. Children up to 12 years, accompanied by women passengers, will also be allowed to travel in …. Original article on Gaea Times at  : Delhi Metro to reserve coach for women from Oct 2.

Systems crash strands thousands at Australia airports

SYDNEY – Thousands of Virgin Blue passengers in Australia were stranded at airports across the country after the airline’s check-in system crashed Sunday morning.

The check-in system crashed just after 8 a.m., sending travel plans into chaos with some flights cancelled, Sydney Morning Herald reported.
“We’ve been advised the cause is an external supplier’s hardware …. Source article  : Systems crash strands thousands at Australia airports.

Balmer Lawrie plans four multi-modal logistics hub

KOLKATA – State-owned diversified conglomerate Balmer Lawrie is planning to set up four multi-modal logistics hub in the country in four zones — east, west, north and south, a top official said here.

“We are planning to set up a multi-modal logistics hub in Vizag (Vishakhapatnam) and eventually in other parts of the country. We have …. Source  : Balmer Lawrie plans four multi-modal logistics hub.

Art treasures of the failed bank Lehman Brothers auctioned off in NYC

Lehman Brothers art auctioned off in NYC
NEW YORK – Lehman Brothers may have blundered its way to disaster on Wall Street, but at least the bank’s art curators knew what they were doing.

Sotheby’s says an auction of contemporary artworks held by the failed investment firm and its former subsidiary, Neuberger Berman, brought in nearly $12.3 …. Original article on Gaea Times at  : Art treasures of the failed bank Lehman Brothers auctioned off in NYC.

AIG expects Asian unit to make more than $2 billion this year

AIG says AIA will make more than $2B this year

NEW YORK – American International Group Inc. says the Asian life insurance unit it plans to spin off will make an operating profit of at least $2 billion this fiscal year.
AIG disclosed the forecast for AIA Group on Saturday. AIA reported pretax profit of $1.3 billion … Original article on : AIG expects Asian unit to make more than $2 billion this year.

Egypt minister appointed World Bank Managing Director

Cairo, Sep 26 (IANS/RIA Novosti) Egyptian Investment Minister Mahmoud Mohieldin resigned from the government to become Managing Director of the World Bank, Egypt’s official news agency MENA reported.

Egyptian President Hosni Mubarak accepted the resignation Saturday.
Industry and Trade Minister Rashid Mohammed Rashid has been appointed as the acting investment minister. He will also retain his …. Source article  : Egypt minister appointed World Bank Managing Director.

Palestinian leader says Israel must choose between peace or continuation of settlements

Abbas says settlements block Mideast peace deal

UNITED NATIONS – Palestinian President Mahmoud Abbas said Saturday there will be no peace deal with Israel unless the Jewish state stops settlement construction in areas the Palestinians claim for their future state.
“Israel must choose between peace and the continuation of settlements,” Abbas said in his address to the …. Original source  : Palestinian leader says Israel must choose between peace or continuation of settlements.

In Minn. governor’s race, polarized parties create opening for candidate from party of Ventura

Polarized Minn. gov. race leaves opening for indie

MINNEAPOLIS – An independent candidate for Minnesota governor hoping to follow in Jesse Ventura’s footsteps is showing surprising strength in a race against a Democrat and a Republican at polar ends of the political spectrum.
Tom Horner, a moderate former Republican and savvy public relations operative, hopes to harness …. Original source  : In Minn. governor’s race, polarized parties create opening for candidate from party of Ventura.

AP Poll: Americans who want health law to go further outnumber those who want govt to stay out

AP Poll: Many think health overhaul should do more

WASHINGTON – President Barack Obama’s health care overhaul has divided the nation, and Republicans believe their call for repeal will help them win elections in November. But the picture’s not that clear cut.
A new AP poll finds that Americans who think the law should have done more …. Read the original article  : here.

Indiana Democrat in Senate race faces a tough go amid a bad economy and little money for TV

Money, economy hobble Democrat in Ind. Senate race

WABASH, Ind. – Democrat Brad Ellsworth had just leveled an attack – one he acknowledged was incomplete at best – against his Republican rival for the open Senate seat in Indiana when he asked reporters what they wanted to know.
“When are you going back on TV?” came the … Read this article on Gaea Times at : Indiana Democrat in Senate race faces a tough go amid a bad economy and little money for TV.

Some see Clinton’s campaign appearance for Barney Frank as sign Mass. Democrat is vulnerable

Rep. Frank denies Clinton stop indicates weakness

BOSTON – When it was announced that former President Bill Clinton would make a campaign appearance for U.S. Rep. Barney Frank, more than a few eyebrows went up.
Sure, it’s a year when incumbents of every political stripe are squirming. And the fast-talking, sharp-witted Massachusetts Democrat certainly has his share …. Read the original article  : here.

North Dakota law helps protect local pharmacies by preventing big chains from opening stores

ND protects small pharmacies from big box stores

NEW ROCKFORD, N.D. – Some of the nation’s largest retailers can’t open pharmacies in North Dakota because of a state law that says most drugstores must be owned by a pharmacist.
The law’s supporters say it has helped keep pharmacies in business in rural North Dakota and improved access …. Original article on Gaea Times at  : North Dakota law helps protect local pharmacies by preventing big chains from opening stores.

Jewish settlers in West Bank eagerly prepare for end of construction restrictions

Israel: Settlers brace for end of building freeze

JERUSALEM – Israeli settlers have hauled bulldozers, cement mixers and other construction equipment into a Jewish settlement deep inside the West Bank, Israeli and Palestinian officials said Saturday, a day before the end of a government-mandated halt to settlement building.
The lifting of the construction restrictions late Sunday presents … Read more »»».

China rises and rises, yet still gets hefty foreign aid, and some donors are wondering why

China rises and rises, yet still gets foreign aid

BEIJING – China spent tens of billions of dollars on a dazzling 2008 Olympics. It has sent astronauts into space. It recently became the world’s second largest economy. Yet it gets more than $2.5 billion a year in foreign government aid – and taxpayers and lawmakers in …. Source article on Gaea Times at  : China rises and rises, yet still gets hefty foreign aid, and some donors are wondering why.

Ford to open new engine plant in China, doubling capacity

Ford to open new engine plant in China
CHONGQING, China – Ford and Chinese partner, Changan Ford Mazda Automobile Ltd., plan to build a $500 million engine plant in China.

They signed a memorandum of understanding with the city of Chongqing on Saturday.
Construction is to begin next year with engine production starting in 2013. The plant can …. Original article  : Ford to open new engine plant in China, doubling capacity.

Japan rejects China’s demand for apology, compensation over arrest of boat captain

Japan rejects China’s demand for apology
BEIJING – Japan strongly rejected a Chinese demand on Saturday that it apologize for detaining a Chinese fishing boat captain whose arrest after a collision near disputed islands plunged relations between the two Asian powers to their lowest level in years.

Japanese authorities released the captain, Zhan Qixiong, early Saturday and … Original article on : Japan rejects China’s demand for apology, compensation over arrest of boat captain.

Indian firm helps build water park in UAE

Ras al-Khaimah (UAE), Sep 25 (IANS/WAM) An ice-themed water park in the Arabian Gulf, where penguins can be seen frolicking in the waters, was built at a cost of $100 million by a joint venture of Indian and UAE firms and will open for the public Sep 29.

The Ice Land Water Park, built in the … Read more : Indian firm helps build water park in UAE.

Oil hovers below $77 in Asia as global stock markets bolster optimism

Oil hovers below $77 as global stock markets rise

SINGAPORE – Oil prices hovered below $77 a barrel Monday in Asia, boosted by a rally in global stock markets.
Benchmark crude for November delivery was up 6 cents to $76.55 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract …. Source  : Gaea News Network.

Recession over, but few takers for Durga idols abroad

KOLKATA – Recession may have ebbed, but artisans of the potters’ colony Kumartuli here say export orders for idols for next month’s Durga Puja festival have picked up only marginally compared to last year.

“We in Kumartuli have received a slightly higher number of orders compared to last year,” Babu Pal, who is an artisan and …. Original article on Gaea Times at  : Recession over, but few takers for Durga idols abroad.

Delegates gather in North Korea for biggest political meeting amid succession move speculation

Delegates gather in NKorea for political meeting

SEOUL, South Korea – Delegates to North Korea’s biggest political meeting in decades gathered in the country’s capital amid speculation that leader Kim Jong Il will appoint a son and other family members to key positions as part of a succession plan.
The official Korean Central News Agency announced last …. Original article  : Delegates gather in North Korea for biggest political meeting amid succession move speculation.

Pitney Bowes Software India wins at ‘Asia Best Employer Brand Awards 2010???

Noida (Uttar Pradesh), Sept.27 (ANI-Business Wire India): Pitney Bowes Software India, a subsidiary of the US-based Pitney Bowes Inc, a global technology company recognized as leader in innovation, recently won the very prestigious ‘Diversity Impact Award’ at the Asia …. Source article  : Pitney Bowes Software India wins at ‘Asia Best Employer Brand Awards 2010′.

Briton bricks up bank to protest loan rejection

LONDON – A businessman in Britain bricked up the front door of a bank after he was turned down for a loan.

Cameron Hope, 59, carried out the protest after his request for a loan to expand his business was rejected.
The Daily Express reported Monday that Hope used blocks to build an 8 feet … Read more >>>.

Certificate of Registration of Shyamram Financial Services Pvt.Ltd. – Cancelled

The Reserve Bank of India has on July 26, 2010 cancelled the certificate of registration granted on March 4, 1998 to Shyamram Financial Services Pvt. Ltd. having its registered office at ‘Shree Nidhi’,  815/A, 11th Main, 5th Cross, 4th Block, Koramangala, Bangalore – 560 034 for carrying on the business … Read : Certificate of Registration of Shyamram Financial Services Pvt.Ltd. – Cancelled.

Japan asks China to pay for damage to patrol boats hit by Chinese trawler as tensions simmer

Japan asks China to cover damage to patrol boats

TOKYO – Japan asked China to pay for damage to Japanese patrol boats hit by a Chinese fishing vessel near disputed islands, as simmering tension between the two Asian neighbors showed no signs of easing Monday.
Chief Cabinet Secretary Yoshito Sengoku’s remarks came a day after Japan’s prime … Read the original article on Gaea Times at : Japan asks China to pay for damage to patrol boats hit by Chinese trawler as tensions simmer.

Asian stock markets climb, take cues from Wall Street rally and higher metal prices

Asian stock markets start new week with gains

BANGKOK – Asian stock markets kicked off a new week of trading in good spirits, encouraged by an improvement in U.S. indicators that provided respite from worries about the durability of the economic recovery.
An increase in U.S. corporate spending and a big jump in orders for manufactured goods, …. Original article on Gaea Times at  : Asian stock markets climb, take cues from Wall Street rally and higher metal prices.

Iran may sue Russia over S-300 missile deal row

TEHRAN – A top Iranian lawmaker has said the country would sue Russia for the S-300 missile deal if Russia fails to deliver the system to Iran, a media report said.

“The issue can be pursued legally if Russia does not provide Iran with missile system and in such a case compensation should be paid …. Original source  : Iran may sue Russia over S-300 missile deal row.

Japan’s exports up 15.8 percent in August; overseas demand losing pace

Japan’s export growth slows for sixth month

TOKYO – Japan’s export growth slowed for the sixth consecutive month in August, as a strong yen and cooling global demand rattled an already fragile recovery.
The value of exports climbed 15.8 percent from a year earlier to 5.22 trillion yen ($61.9 billion), the Ministry of Finance said Monday.
It was …. Source article on Gaea Times at  : Japan’s exports up 15.8 percent in August; overseas demand losing pace.

Chavez opponents aim to put checks on president’s power in Venezuela congressional vote

Chavez fights for control in congressional vote

CARACAS, Venezuela – Venezuela is awaiting the results of congressional elections, and President Hugo Chavez’s opponents are hoping to break his long-standing monopoly on power in the National Assembly.
Voters formed long lines at polling stations during Sunday’s balloting, which stirred strong sentiment on both sides of Venezuela’s political divide. … Original source on Gaea Times at : Chavez opponents aim to put checks on president’s power in Venezuela congressional vote.

Money Market Operations as on Sep 24, 2010

…. Source  : Money Market Operations as on Sep 24, 2010.

Israel’s West Bank settlement slowdown expires; no Palestinian decision to quit peace talks

Israeli building slowdown ends; settlers celebrate

REVAVA, West Bank – Jewish settlers released balloons and broke ground on a kindergarten in celebration Sunday as a 10-month construction slowdown expired, while U.S. and Israeli leaders tried to figure out how to keep Palestinians from walking out of peace talks over the end of the restrictions.
After the slowdown … Read the original article on Gaea Times at : Israel’s West Bank settlement slowdown expires; no Palestinian decision to quit peace talks.

All follow the Dow but maybe we should watch Caterpillar. A look at how 1 firm rules the index

Is it time to ditch the Dow? The naysayers’ case.

NEW YORK – It’s Caterpillar’s market.
The Illinois maker of earth movers is just one of 30 companies in the Dow Jones industrial average, but you wouldn’t know it from its impact on the index recently. Caterpillar’s stock is responsible for 40 percent of the Dow’s climb …. Read the original article  : All follow the Dow but maybe we should watch Caterpillar. A look at how 1 firm rules the index.

Comcast Chief Operating Officer Steve Burke to be new CEO at NBC Universal, replacing Zucker

Comcast COO Burke takes top spot at NBC Universal

NEW YORK – Comcast Chief Operating Officer Steve Burke will succeed Jeff Zucker as the new CEO of NBC Universal later this year, when Comcast takes control of the broadcaster.
Comcast Corp. and General Electric Co., which currently owns NBC, said Sunday that Burke will work with Zucker … Read more : Comcast Chief Operating Officer Steve Burke to be new CEO at NBC Universal, replacing Zucker.

Hyundai recalls 139,500 Sonata sedans in US over possible problems with steering column shaft

Summary Box: Hyundai recalls 139,500 Sonatas in US

THE RECALL: Hyundai Motor Co. is recalling 139,500 Sonata sedans in the U.S. because of a manufacturing defect that may cause drivers to lose steering control.
THE VEHICLES: The recall affects 2011 models built between Dec. 11, 2009 and Sept. 10. Some of the cars have steering column shafts …. Original article on Gaea Times at  : Hyundai recalls 139,500 Sonata sedans in US over possible problems with steering column shaft.

10 years after its approval by FDA, abortion pill faces new turmoil over telemedicine

After 10 years in US, abortion pill still divisive

NEW YORK – Ten years ago, after long and bitter debate, the U.S. Food and Drug Administration approved use of the abortion pill by American women. It is hailed as safe and effective, but new turmoil may lie ahead as the pill’s proponents consider using telemedicine to … Read more »»».

US official: Last-minute talks on settlement deal to rescue Israel-Palestinian talks

Washington seeking settlement deal to save talks

JERUSALEM – An official in Washington says urgent diplomatic efforts are underway to rescue Israeli-Palestinian peace talks hours before a West Bank settlement construction slowdown expires.
Palestinians have threatened to walk out of the talks if the construction resumes. President Barack Obama restarted the negotiations this month after weeks of … Original source on Gaea Times at : US official: Last-minute talks on settlement deal to rescue Israel-Palestinian talks.

How much is a life worth? $93,000 cancer drug pushes boundaries, and patients feel the pinch

$93,000 cancer drug: How much is a life worth?

BOSTON – Cancer patients, brace yourselves. Many new drug treatments cost nearly $100,000 a year, sparking fresh debate about how much a few months more of life is worth.
The latest is Provenge, a first-of-a-kind therapy approved in April. It costs $93,000 and adds four months’ survival, on …. Read the original article  : How much is a life worth? $93,000 cancer drug pushes boundaries, and patients feel the pinch.

White House, top Democrats expect to extend middle-class tax cut in vote after fall election

White House, Dems see tax cut vote after election

WASHINGTON – The White House and Democratic leaders in Congress said Sunday they would find a way to extend middle-class tax cuts after the November elections, unable to secure GOP backing before lawmakers break to campaign.
“One way or the other, we’re going to get it done. And … Original source on Gaea Times at : White House, top Democrats expect to extend middle-class tax cut in vote after fall election.

RBI wants banks to serve villages, says official

AGARTALA – The Reserve Bank of India (RBI) has asked nationalised banks to provide services in all villages and human habitations with a minimum population of 2,000, United Bank of India (UBI) chairman Bhaskar Sen said here Tuesday.

“By 2012, all the human habitations with a population of at least 2,000 people, should be brought under … Read the original article on Gaea Times at : RBI wants banks to serve villages, says official.

R-Cap targets Rs.50,000 cr infrastructure lending

MUMBAI – Reliance Capital (R-Cap), a part of the $10-billion Anil Dhirubhai Ambani Group, Tuesday said it will offer specialised financial services for infrastructure projects with a target of Rs.50,000 crore as asset base and 18-20 percent return.

“Over the next few years, India is projected to spend over $1 trillion or Rs.50 lakh crore in …. Original source  : R-Cap targets Rs.50,000 cr infrastructure lending.

Splendor Pro Launched By Hero Honda

DELHI, INDIA (GaeaTimes.com)- Hero Honda the biggest two wheeler maker in India has launched a new variant of its popular model Splendor with an attractive price tag. Earlier also the company launched several variants of the model and all of the models managed to get applause from the buyers. The changes are not ground breaking …. Source article on Gaea Times at  : Splendor Pro Launched By Hero Honda.

World stock markets slide as Europe finance jitters offset flurry of corporate deals

World markets slide as bank worries offset deals

BANGKOK – World stock markets sank Tuesday as renewed worries about the health of Europe’s banks offset optimism from a flurry of corporate deal making.
The lackluster performance in Asia and Europe followed a down session on Wall Street, where losses were led by financial stocks after Moody’s Investors …. Source article  : World stock markets slide as Europe finance jitters offset flurry of corporate deals.

Huge potential for private charter jet business in India

THIRUVANANTHAPURAM – The private charter jet market in India has a huge potential as more and more people fly in swanky jaircraft for business and holidays, says Adam Twidell, who heads the British company, Private Fly.

“This is a business which is waiting to happen here because there is no shortage of multi-millionaires in India. I …. Original source  : Huge potential for private charter jet business in India.

Data on ECB/FCCB for August 2010

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB) (www.rbi.org.in/scripts/ECBUserView.aspx?Id=81) and Foreign Currency Convertible Bonds (FCCB), both through Automatic Route and Approval Route, for the month August 2010.

Ajit Prasad
Manager
Press Release: 2010-2011/441

… Read more : Data on ECB/FCCB for August 2010.

Bangladesh to pay more for China loan than for Indian loan

DHAKA – To set up a fertiliser factory and lay out a telecom network, Bangladesh will be paying more for a Chinese $770 million loan than for India’s $1 billion commitment.

It is accepting the Chinese condition for selecting two Chinese firms because it has no alternative source of funding for these projects, officials said.
Such …. Original article  : Bangladesh to pay more for China loan than for Indian loan.

German consumer confidence shows strong gain amid optimism on economy and jobs

Job optimism boosts German consumer confidence

BERLIN – German consumer confidence has jumped as economic expectations spiked to their highest level in three years and unemployment continues to fall, according to a survey released Tuesday.
The GfK research institute said its forward-looking confidence indicator for October stood at 4.9 points. That was up from 4.3 in September, …. Original source  : German consumer confidence shows strong gain amid optimism on economy and jobs.

India’s Arvind to set up denim plant in Bangladesh

DHAKA – Arvind, Indian textile maker and the world’s largest manufacturer of denim, will set up a denim manufacturing plant in Bangladesh with an investment of $66 million over three years, officials in Bangladesh said.

The Indian company signed an agreement with the local Nitol Group here last Sunday to invest in Comilla Export Processing Zone … Original article on : India’s Arvind to set up denim plant in Bangladesh.

Reliance Capital to list insurance arm, enter banking

MUMBAI – The Reliance Anil Dhirubhai Group Tuesday said it was looking closely to list its insurance business on stock markets apart from entering the commercial banking industry in the near term.

“Reliance Life was the first Indian insurance company to announce its plans for listing in 2009. The insurance regulator is currently at an advanced … Read more >>.

Oil slides below $76 in Asia as investors look to US supply figures for clues on demand

Oil slides below $76 as traders eye US supplies

SINGAPORE – Oil prices slid below $76 a barrel Tuesday in Asia as traders awaited the latest U.S. supply figures for clues about the strength of demand for crude.
Benchmark crude for November delivery was down 63 cents to $75.89 a barrel at late afternoon Singapore time in … Read more : Oil slides below $76 in Asia as investors look to US supply figures for clues on demand.

Brainstorming rules ‘can lead to success in real-world business settings’

WASHINGTON – North Carolina State University researchers have found that steps taken to make brainstorming sessions more productive can actually lead to success in real-world business environments.

“We found that, when tackling complex issues, the use of best practices to produce high-quality brainstorming did result in better decision-making,” said Dr. Joe Brazel.

“When an audit team had …. Read the original article  : Brainstorming rules ‘can lead to success in real-world business settings’.

Reliance Power concludes India’s largest fundraiser

MUMBAI – Top private energy-generation firm Reliance Power Tuesday said it has successfully concluded India’s largest fundraising exercise by any company worth Rs.50,000 crore ($11.1 billion) to finance 10,000 MW worth of projects.

Addressing the company’s annual general meeting here, group chairman Anil Ambani said the money raised had helped financial closure for two ultra-mega power … Original source on Gaea Times at : Reliance Power concludes India’s largest fundraiser.

Recession’s impact: Census shows growing income gap as young adults, children take big hits

Census finds record gap between rich and poor

WASHINGTON – The income gap between the richest and poorest Americans grew last year to its widest amount on record as young adults and children in particular struggled to stay afloat in the recession.
The top-earning 20 percent of Americans – those making more than $100,000 each year – …. Original source  : Recession’s impact: Census shows growing income gap as young adults, children take big hits.

To avoid government shutdown by end of week, Senate to move on stopgap spending bill

Senate to move on stopgap spending bill
WASHINGTON – Lawmakers are largely ignoring an Obama administration shopping list as they fashion a stopgap spending bill that’s needed to avoid a government shutdown Friday.

The Senate could pass the measure as early as Wednesday, after a likely test vote Tuesday, and the House could clear it for President … Read more >>.

Senate Democrats try to claim campaign issue, punish firms that move operations overseas

Senate Dems try to punish firms that export jobs

WASHINGTON – U.S. companies that close domestic plants and open new ones overseas would see their taxes increase under a bill Democrats are bringing before the Senate Tuesday for one of the last votes before lawmakers head home for the November election.
Companies that import jobs to the …. Source  : Senate Democrats try to claim campaign issue, punish firms that move operations overseas.

Hollywood maker of ‘Clash of Titans,”Inception’ sells 3.3 percent stake to Chinese studio

US production house sells stake to Chinese studio

HONG KONG – The Hollywood production house behind hits including “Clash of the Titans” and “Inception” has sold a 3.3 percent stake to a Chinese studio for $25 million, as American filmmakers strike partnerships that help them tap an increasingly lucrative foreign market.
China’s Orange Sky Golden Harvest Entertainment …. Original source  : Hollywood maker of ‘Clash of Titans,’ ‘Inception’ sells 3.3 percent stake to Chinese studio.

With Schwarzenegger signature, Calif. restricts toxic metal cadmium in children’s jewelry

New Calif. law limits toxic cadmium in jewelry

LOS ANGELES – California became the largest state to limit the toxic metal cadmium in children’s jewelry on Monday, effectively creating a new national standard ahead of promised federal action.
Lawmakers and public health officials have worried that kids who suck or bite jewelry containing cadmium – a known …. Source  : Gaea News Network.

Goa tar balls created ripples in Moscow too

PANAJI – Extensive media coverage of tar balls swamping Goa’s beaches has created a few ripples in far away Moscow too, a top tourism department official has said.

Tourism director Swapnil Naik, who has returned from a tourism promotion event in Russia, told IANS Monday that the tourism industry captains there were keen on knowing [..] Read the original article: here.

Reliance Power to raise capacity to 5,000 MW in 24 months

MUMBAI – Reliance Power, a part of the Anil Dhirubhai Ambani Group, Tuesday said it will raise its installed power-generation capacity manifold over the next 24 months to touch 5,000 MW, with an ambitious target of 25,000 MW by 2015.

Addressing the company’s annual general meeting here, group chairman Anil Ambani said Reliance Power has also …. Read the original article  : here.

Japanese foreign minister: China must resolve detention of 4 Japanese to mend frayed ties

Japan: China must resolve detention of 4 Japanese

TOKYO – China needs to resolve the case of four Japanese nationals it is holding as the first step toward repairing ties that have been strained over a territorial dispute, Japan’s foreign minister Wednesday.
Japanese trading company officials, meanwhile, said China appeared to have lifted a de facto ban …. Original source  : Japanese foreign minister: China must resolve detention of 4 Japanese to mend frayed ties.

Tight security in Bengal ahead of Ayodhya verdict

KOLKATA – Security was tightened in sensitive areas of West Bengal Wednesday to prevent any untoward incident in the state ahead of the court verdict on the Ramjanmabhoomi-Babri Masjid land dispute at Ayodhya, officials said.

“Armed police and Rapid Action Force (RAF) personnel have been mobilised in Kolkata,” a senior police officer said.
There is … Read more »».

Rajiv Jain new chairman of Gem & Jewellery Export Promotion Council

MUMBAI – Rajiv Jain and Sanjay Kothari have been appointed chairman and vice chairman of the Gem and Jewellery Export Promotion Council(GJEPC) for 2010-12, a GJPEC official said here Wednesday.

Jain is promoter-director of Vaibhav Gems, first company from the industry to be listed in stock markets in India.
Kothari is a director of …. Read the original article  : Rajiv Jain new chairman of Gem & Jewellery Export Promotion Council.

Sterlite to appeal against Madras High Court order

CHENNAI – Sterlite Industries will appeal against the Madras High Court order closing down its copper smelter plant in Tuticorin.

“We have been informed by the counsels for the company about their decision to go on appeal,” said G. Ramapriya, advocate representing the city-based National Trust for Clean Environment (NTCE).
NTCE has filed a writ …. Original source  : Sterlite to appeal against Madras High Court order.

US Senate rejects bill to curb outsourcing

WASHINGTON – The US Senate has rejected a bill that sought to end outsourcing of work to countries like India and create jobs by denying tax cuts to companies that hire a non-citizen to replace a domestic worker.

With Republicans clearly opposed to the move, the bill – which was seen by India as another … Read : US Senate rejects bill to curb outsourcing.

Sterlite plant closure may lead to inflow of sulphuric acid from overseas

CHENNAI – The closure of Sterlite Industries’
Tuticorin smelter plant is likely to result in increased inflow of sulphuric acid from South Korea and neighbouring Andhra Pradesh into Tamil Nadu and Kerala, say industry officials.

The Madras High Court Tuesday ordered immediate closure of the plant for violating various environmental laws and causing pollution.
Sterlite …. Source article  : Sterlite plant closure may lead to inflow of sulphuric acid from overseas.

McCourt divorce case to wrap up Wednesday; judge has 90 days to make decision

McCourt divorce case set to conclude Wednesday

LOS ANGELES – A judge will hear closing arguments Wednesday in the divorce trial of Jamie and Frank McCourt that could decide the ownership of the Los Angeles Dodgers.
At issue is whether a postnuptial marital agreement signed by the couple in 2004 is valid under California law. The 10-page …. Source  : Gaea News Network.

Asian stocks rise on speculation Fed will introduce more measures to boost US economy

Asian stocks rise amid hopes Fed to act on economy

BANGKOK – Asian stock markets mostly climbed Wednesday, supported by growing speculation that the Federal Reserve is likely to introduce more measures to support the U.S. economy, a key market for Asian exporters.
Japan’s benchmark Nikkei 225 stock average rose 63.62 points, or 0.7 percent, to 9,559.38. …. Original article  : Asian stocks rise on speculation Fed will introduce more measures to boost US economy.

‘Relief for PIOs, to be allotted extendable visas only’

PANAJI – Persons of Indian origin (PIO) visiting India will now be issued only long-term extendable visas and not tourist visas, Goa’s Non-Resident Indian (NRI) commissioner Eduardo Faleiro said Wednesday.

Faleiro, a former union minister of state for external affairs, told reporters here that the union government’s visa manual has been revised to ensure …. Source article on Gaea Times at  : ‘Relief for PIOs, to be allotted extendable visas only’.

CPSC guidance on children’s product definition could doom science kits for younger children

Kids’ science kits may take hit from safety ruling

WASHINGTON – One of the tools that teachers use to get kids jazzed about science – hands-on science kits – could face an uncertain future amid a debate on safety.
The Consumer Product Safety Commission has been mired for weeks in deliberation as it writes guidelines on what …. Source article  : CPSC guidance on children’s product definition could doom science kits for younger children.

US ban on Iranian pistachios leaves California farmers with domestic market

US ban on Iranian pistachios helps Calif. farmers

MADERA, Calif. – California farmers may be the big beneficiaries of a U.S. ban on Iranian pistachios that began Wednesday.
President Barack Obama signed the ban on July 1 in response to Iran’s nuclear policies. It went into effect as California’s farmers were in the midst of their harvest.
The …. Source article on Gaea Times at  : US ban on Iranian pistachios leaves California farmers with domestic market.

SUPREME COURT NOTEBOOK: Chief justice sells Pfizer stock to take part in two high court cases

Pfizer stock sold, Roberts to hear company’s cases

WASHINGTON – Chief Justice John Roberts has sold his shares of Pfizer Inc., a move that allows him to participate in two pending Supreme Court cases involving the pharmaceutical maker.
Federal law requires judges to sit out cases if they own even a single share of stock in any [..] Read the original article: here.

More drug plans to cover some brand-name prescriptions in Medicare’s ‘doughnut hole’

More options for seniors with high drug costs

WASHINGTON – Seniors with high drug costs will soon have more options to help them cope with Medicare’s prescription coverage gap.
Reversing a steady decline, the number of prescription plans covering at least some brand-name drugs in the “doughnut hole” coverage gap will triple next year, from 35 to …. Source article on Gaea Times at  : More drug plans to cover some brand-name prescriptions in Medicare’s ‘doughnut hole’.

RBI releases ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: March 2010???

The Reserve Bank of India today released its ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks March 2010 (rbi.org.in/scripts/QuarterlyPublications.aspx?head=Quarterly%20Statistics%20on%20Deposits%20and%20Credit%20of%20Scheduled%20Commercial%20Banks) ’. The publication contains data relating to deposits and credit of scheduled commercial banks including regional rural banks (RRBs) as on March 31, 2010. The data are based on …. Read the original article  : here.

Too much rain takes crunch out of Himachal apple

SHIMLA – Looks can be deceptive. And this also holds true for apples from Himachal Pradesh, at least this year.

By Vishal Gulati
The deep crimson apples hitting the market from the state are said to be devoid of natural sweetness due to the prolonged monsoon and overcast conditions.
According to horticulture experts, the red apples, …. Read the original article  : Too much rain takes crunch out of Himachal apple.

Oil rises to near $77 in Asia after report shows surprise fall in US crude supplies

Oil rises to near $77 on unexpected US supply fall

SINGAPORE – Oil prices rose to near $77 a barrel Wednesday in Asia after a report showed U.S. crude supplies dropped last week, suggesting demand may be improving.
Benchmark crude for November delivery was up 41 cents to $76.59 a barrel at late afternoon Singapore time in …. Source article  : Oil rises to near $77 in Asia after report shows surprise fall in US crude supplies.

Asian stocks rise on speculation Federal Reserve will introduce more stimulus measures in US

Asian stocks rise on US stimulus speculation

TOKYO – Asian stock markets climbed Wednesday, supported by growing speculation that the Federal Reserve is likely to introduce more stimulus measures to support the U.S. economy, a key market for Asian exporters.
Japan’s benchmark Nikkei 225 stock average rose 82.69 points, or 0.9 percent, to 9,578.72. Sentiment was upbeat … Read more »»».

AP Source: Barry Diller resigns from Live Nation as chairman in boardroom spat

AP Source: Diller resigns from Live Nation in spat

LOS ANGELES – Barry Diller, the media mogul who claimed credit for the merger of Live Nation and Ticketmaster, said Tuesday he would resign as chairman of the merged company after a boardroom power struggle with another media giant and director, John Malone, according to a person …. Read the original article  : here.

Mexican airline to eliminate half of workforce

Mexico City, Sep 29 (IANS/EFE) Mexicana de Aviacion plans to eliminate half of its workforce and reduce its routes and fleet of aircraft by 70 percent with a view to resuming operations in December, authorities and union leaders said.

Union sources with knowledge of the process told EFE that the Mexican airline’s cutbacks will mean …. Source article  : Mexican airline to eliminate half of workforce.

Southwest-AirTran combination will influence fares, change booking and boarding for many

Southwest-AirTran deal will change travel for many

Southwest Airlines agreed to buy AirTran this week for $1.4 billion. When the combination is complete, fliers – especially those used to AirTran – will notice plenty of changes, from the way they book to the way they board.
Here’s a look at four ways air travel may change when …. Source article on Gaea Times at  : Southwest-AirTran combination will influence fares, change booking and boarding for many.

World stock markets fall on Spain debt downgrade, mixed messages on possible Fed action

World stocks down on Spain’s debt worries
BANGKOK – World stock markets fell Thursday amid mixed messages from the Fed on how to bolster the fading U.S. economy and after Spanish government debt was downgraded over worries about the country’s finances.

Oil prices hovered below $78 a barrel in Asia after strong gains the previous day on …. Read the original article  : here.

Ireland to put Allied Irish Banks under state control, pump billions more into 3 banks

Ireland to pump billions more into debt-hit banks

DUBLIN – Finance Minister Brian Lenihan says Ireland will take majority control of Allied Irish Banks and pump billions more into two smaller Irish banks, Anglo Irish and Irish Nationwide.
Lenihan said Thursday Ireland would give ???3 billion more to Allied Irish, and ???2.7 billion to another nationalized bank, … Read : Ireland to put Allied Irish Banks under state control, pump billions more into 3 banks.

3 Japanese released by China as simmering row over disputed islands begins winding down

3 Japanese freed by China as dispute winds down

BEIJING – China on Thursday released three Japanese detained after allegedly entering a restricted Chinese military zone, as tensions over a maritime dispute began to unwind.
The three were freed after admitting to violating Chinese law but a fourth, identified as Sadamu Takahashi, remained under house arrest and …. Source  : Gaea News Network.

L&T bags Rs.700-crore order

NEW DELHI – Engineering and construction major Larsen and Toubro (L&T) Thursday said it has got orders worth Rs.700 crore from various customers for construction-related works.

The largest order is of Rs.375 crore from Jabalpur Municipal Corporation for the construction of 210 km underground drains, the company said in a regulatory filing.
The … Read the original article on Gaea Times at : L&T bags Rs.700-crore order.

Satyam Computer skids a day after post-fraud results

MUMBAI – The shares of Satyam Computer Services skided Friday, a day after its new management unveiled its results following a shocking $1.75-fraud perpetrated by its erstwhile promoters that had surfaced in January 2009.

The shares of the company, now renamed Mahindra Satyam, opened lower at Rs.94.80- also the intra-day high – against the previous … Read the original article on Gaea Times at : Satyam Computer skids a day after post-fraud results.

Audit services leader PRGX sets up India subsidiary in Pune

Pune (Maharashtra), Sept.30 (ANI-Business Wire India): PRGX Global, Inc. a business analytics and information services firm headquartered in Atlanta, Georgia, USA, has announced the opening of its Indian branch in Pune, Maharashtra.

Romil Bahl, President and CEO of PRGX Global and Tushar Sachdev, Vice President and head of India Operations for PRGX India Private Limited, a … Read : Audit services leader PRGX sets up India subsidiary in Pune.

Spicejet ex-CEO Sanjay Aggarwal joins Kingfisher Airline

NEW DELHI – Kingfisher Airlines (KFA) has appointed former SpiceJet Chief Executive Officer Sanjay Aggarwal in the same capacity.

“I am pleased to announce the appointment of Sanjay Aggarwal as Chief Executive Officer of Kingfisher Airlines Limited with immediate effect,” said Vijay Mallya, chairman and managing director, Thursday.
Mallya will continue in his current role … Original article on : Spicejet ex-CEO Sanjay Aggarwal joins Kingfisher Airline.

India’s annual food inflation surges to 16.44 percent

NEW DELHI – India’s annual food inflation rose further to 16.44 percent for the week ended Sep 18, compared to 15.46 percent the previous week, as heavy rains and floods in parts of the country disrupted the supply of essential food items.

The barometer for food prices has been on the rise from Aug … Read more »».

3 Japanese released after intruding on Chinese military zone, 1 still held amid simmering row

3 Japanese freed, 1 held by China amid dispute

BEIJING – Three Japanese detained after allegedly entering a restricted Chinese military zone were released Thursday, but one was still being held amid simmering tensions after ships collided near disputed islands.
The three were freed after admitting to violating Chinese law but the fourth, identified as Sadamu Takahashi, … Original source on Gaea Times at : 3 Japanese released after intruding on Chinese military zone, 1 still held amid simmering row.

Bulk SMS, MMS ban extended till Oct 1

NEW DELHI – The government has extended the ban on bulk Short Message Services (SMS) and Multi-media Messaging Services (MMS) in the country for a day till Oct 1, hours ahead of the Ayodhya title suit verdict Thursday.

“The ministry of communications and informations technology last evening issued orders in consultation with the … Read : Bulk SMS, MMS ban extended till Oct 1.

Sir John Rose retiring next year as CEO of Rolls-Royce Group

Rolls-Royce CEO Sir John Rose retiring next year

LONDON – Sir John Rose is retiring as CEO of Rolls-Royce Group PLC next year after 15 years heading the aircraft engine maker.
Rolls-Royce announced Thursday that Rose will retire in March.
He will be succeeded by John Rishton, who is now chief executive of the Dutch retail group Royal …. Source  : Gaea News Network.

Supermarket operator Ahold promotes Dick Boer to CEO, replacing John Rishton in March 2011

Ahold appoints Dick Boer as new CEO
AMSTERDAM – Royal Ahold NV, the Dutch owner of supermarkets including the U.S. Stop & Shop and Giant chains, says it will appoint Dutchman Dick Boer as its chief executive effective March 2011, replacing John Rishton.

Boer, 53, is currently Ahold’s top European executive and joined the company in 1998. … Read this article on Gaea Times at : Supermarket operator Ahold promotes Dick Boer to CEO, replacing John Rishton in March 2011.

Wealth of 100 richest Indians pegged at $300 bn by Forbes

WASHINGTON – The net worth of 100 wealthiest Indians is estimated at $300 billion by Forbes Magazine, which ranks the two Ambani brothers, Mukesh and Anil, first and sixth respectively in its latest rich list.

London-based steel magnate and chairman of Arcelor-Mittal Lakshmi N. Mittal was ranked second on the list, while software major Wipro’s …. Read the original article  : here.

Sensex down 75 points, Asian cues weak

MUMBAI – A benchmark index of Indian equities Thursday slipped further in noon trade and was ruling 75 points lower, joining other sombre Asian markets.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), opened at 19,931.49 points, was ruling at 19,881.06 points, down 75.28 points or 0.38 percent from its previous close …. Original article  : Sensex down 75 points, Asian cues weak.

Postal panel to decide whether to raise price of first-class stamp by 2 cents to 46 cents

Panel considers raising stamp price to 46 cents

WASHINGTON – The independent commission that oversees the Postal Service is preparing to deliver its verdict on a request for a 2-cent increase – to 46 cents – in the cost of mailing a letter.
The Postal Regulatory Commission plans to reveal its decision on requested rate increases at …. Original article  : Postal panel to decide whether to raise price of first-class stamp by 2 cents to 46 cents.

Travel management firm Egencia expands footprint to nine more nations

GURGAON – Travel management firm Egencia is on an expansion drive, and has announced strategic partnerships with leading travel management companies (TMCs) in Denmark, Finland, Greece, Norway, Philippines, Poland, South Africa, Sweden and Thailand.

The Egencia Global Alliance (EGA) comprises partnerships in 25 countries, bringing the company’s global presence to 39 regions. The company … Read more >>.

Moody’s Investors Service downgrades Spanish government debt

Moody’s downgrades Spanish government debt

MADRID – Moody’s Investors Service downgraded Spain’s government debt Thursday, joining two other major credit rating agencies who have taken similar steps out of concern over the country’s bloated public finances and weak growth prospects.
The London-based agency lowered the rating by one notch, from Aaa to Aa1, with a stable outlook. …. Source article on Gaea Times at  : Moody’s Investors Service downgrades Spanish government debt.

SBI Clerk Interview Result 2010 Announced

NEW DELHI, INDIA (GaeaTimes.com) — Finally the much anticipated SBI Clerk Interview result is out. SBI has announced the results of 11000 clerks recruitment today.

SBI, the largest public sector bank of India was expected to announce the results couple of months back. But took 3 weeks extra to make the merit list for more than … Read more >>>.

In South Africa, you can book flights on mobile phones

JOHANNESBURG – People in South Africa can now book their flights and even check in on mobile phones.

The Airports Company South Africa (ACSA) and other airlines in the country have introduced the system which will allow passengers to even print their own boarding passes, BuaNews, the national news agency, reported.
The system, however, has … Read this article on Gaea Times at : In South Africa, you can book flights on mobile phones.

Oil hovers below $78 in Asia as US crude supply drop bolsters trader optimism

Oil hovers below $78 after US crude supply drop

SINGAPORE – Oil prices hovered below $78 a barrel Thursday in Asia after strong gains the previous day on a drop in U.S. crude supplies, a sign demand may be improving.
Benchmark crude for November delivery was down 2 cents to $77.84 a barrel at late afternoon Singapore … Original article on : Oil hovers below $78 in Asia as US crude supply drop bolsters trader optimism.