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.

Centre gives Rs.117 crore to six states for rural roads

NEW DELHI – The central government has released Rs.116.88 crore to six states under the Pradhan Mantri Gram Sadak Yojana (PMGSY) to build rural roads, the rural development ministry said Friday.

The states are Haryana (Rs.17 crore), Tripura (Rs.35 crore), Uttarakhand (Rs.13.75 crore), Nagaland (Rs 25.13crore), Manipur (Rs.21 crore), and Andhra Pradesh (Rs.5 crore), the …. Original article  : Centre gives Rs.117 crore to six states for rural roads.

Amid economic woes, support for ethnic Russian party surges prior to Latvia’s election

Ethnic Russian party gains before Latvian vote

RIGA, Latvia – The implosion of Latvia’s economy has propelled an unlikely candidate to the front ahead of Saturday’s national election: a left-leaning party rooted in the country’s ethnic Russian minority.
The fault lines between ethnic Latvians and the Russian minority run deep in this small Baltic nation, and the …. Original article on Gaea Times at  : Amid economic woes, support for ethnic Russian party surges prior to Latvia’s election.

iXiGO.com named one of the fastest growing Indian brands on Facebook

New Delhi, Oct.1 (ANI-Business Wire India): A recent in-depth independent study conducted by Iffort Consulting, a Noida-based leading web strategy and social media consulting firm, has described iXiGO.com as one of the fastest growing Indian brands on Facebook, through its fan page presence at https://www.facebook.com/ixigocom.

iXiGO.com is South Asia’s leading online and mobile …. Read the original article  : iXiGO.com named one of the fastest growing Indian brands on Facebook.

World stock markets rise as Chinese manufacturing activity picks up pace in September

World stocks rise as China manufacturing jumps

SINGAPORE – World stock markets rose Friday as stronger growth in Chinese manufacturing suggested the world’s No. 2 economy isn’t slowing as sharply as feared.
European markets opened higher, following Asia’s advance, while oil prices extended gains to rise above $80 a barrel on hints in U.S. economic indicators of …. Source  : Gaea News Network.

US businessmen to meet in Sri Lanka

WASHINGTON – A second annual conference to attract US investment to Sri Lanka will be held in Colombo Oct 12-14, giving business executives a chance to expand businesses in the island.

The conference is organised by the Sri Lankan embassy here and the Office of the US Trade Representative, the US Department of Commerce, the …. Source  : US businessmen to meet in Sri Lanka.

Maruti Suzuki records highest ever monthly sales

MUMBAI – Car market leader Maruti Suzuki Friday reported its highest ever monthly sales in September, rising 29.6 percent to 1,08,006 units from 83,306 a year earlier.

“This is the highest ever total monthly sales by the company. Previous highest was 1,04,971 units in August 2010,” the company said in a regulatory filing.
September … Read more : Maruti Suzuki records highest ever monthly sales.

Oil rises to near $81 in Asia amid positive signs on US economy, crude demand

Oil rises to near $81 on US economy, demand signs

SINGAPORE – Oil prices rose to near $81 a barrel Friday in Asia as traders bet improving signs from the U.S. economy signal a growing appetite for crude.
Benchmark oil for November delivery was up 61 cents to $80.59 a barrel at late afternoon Singapore time in …. Read the original article  : here.

Japan imposes record 40 percent tax hike on cigarettes to encourage people to quit smoking

Japan hikes taxes on cigarettes to curb smoking

TOKYO – Japan imposed a record 40 percent tax hike on cigarettes in a bid to curb the nation’s smoking rate – the highest among major industrialized nations.
The hike, effective from Friday, will raise the price of Japan’s most popular brand, Mild Seven, by a third to 410 … Read the original article on Gaea Times at : Japan imposes record 40 percent tax hike on cigarettes to encourage people to quit smoking.

Report: IMF’s Strauss-Kahn doesn’t see Ireland tapping eurozone rescue fund

Report: IMF doesn’t see Ireland tapping fund

BERLIN – The head of the International Monetary Fund is quoted as saying that he doesn’t expect Ireland will have to seek help from a ???750 billion ($1 trillion) rescue fund for indebted eurozone countries.
Ireland said Thursday it will have to pump ???12 billion more into its crippled banking …. Source  : Gaea News Network.

German retail sales down 0.2 percent on month, up 2.2 percent on year in August

German retail sales slightly lower in August

BERLIN – Preliminary data show that German retail sales were down 0.2 percent on the month in August, although they rose 2.2 percent compared with a year earlier.
The Federal Statistical Office said Friday sales of goods other than food rose by a strong 5.3 percent in year-on-year terms. Sales …. Read the original article  : German retail sales down 0.2 percent on month, up 2.2 percent on year in August.

Wipro appoints Sid Nair as Chief Sales and Operations Officer for USA, Canada

Bangalore, Oct.1 (ANI-Business Wire India): Software giant Wipro Technologies has appointed Sid Nair as the company’s Chief Sales and Operations Officer for USA and Canada.

In his new role, Sid will focus on driving value to customers’ business and growing Wipro’s market presence across all business units for the region.

Sid replaces Manoj Punja, who …. Read the original article  : Wipro appoints Sid Nair as Chief Sales and Operations Officer for USA, Canada.

Euro steady against dollar after better US economic data, buys $1.3642

Euro steady at $1.3642 after better US data

BERLIN – The euro is steady against the dollar after an upbeat round of U.S. economic data nudged it off five-month highs.
The 16-nation euro bought $1.3642 in Friday morning European trading, barely changed from $1.3643 in New York late Thursday.
The currency has hit a string of five-month highs … Read more >>.

Indian exports rise 22.5 percent to $16.64 bn in August

NEW DELHI – India’s exports rose for the 10th consecutive month in August, growing an annual 22.5 percent to $16.64 billion (Rs.77,509 crore), official data showed Friday.

Exports for August 2009 stood at $13.58 billion (Rs.65,670 crore).
Imports during the month under review rose 32.2 percent at $29.67 billion (Rs.138,211 crore), widening the country’s trade …. Source  : Gaea News Network.

POLITICAL INSIDER: O’Donnell says filibuster her first priority if elected senator

POLITICAL INSIDER: Filibuster the top priority

WASHINGTON – Republican Senate hopeful Christine O’Donnell says her first priority if elected would be to help the GOP block Democrats’ priorities in a lame-duck session.
O’Donnell, the tea party-backed nominee in Delaware, said in an interview that she would work to stop any Democratic legislation proposed between the Nov. 2 … Read more : POLITICAL INSIDER: O’Donnell says filibuster her first priority if elected senator.

NALCO gears up for expansion,to enter metal and power sectors

BHUBANESWAR – State-owned National Aluminium Company (NALCO) is gearing up for its third phase expansion at an investment of at least Rs.6,000 crore and planning to venture into metal and power sectors.

The Bhubaneswar-headquartered company, which is Asia’s largest integrated aluminium producer, has completed the second phase of expansion recently with an investment of Rs.7,800 … Read more >>.

Punjab’s Sonalika tractors to till South America and Africa

HOSHIARPUR – Punjab-based International Tractors Ltd (ITL) is looking at South America as the next big market for its Sonalika brand tractors and lining up a complete range of farming solutions in several countries in the continent and Africa.

“We are looking at South America as the next big market for exports. With vast land …. Read the original article  : here.

Many US wheat growers won’t cash in on soaring prices after drought halts Russia’s exports

Many wheat growers won’t benefit from price jump

WICHITA, Kan. – Vance Ehmke tracks global grain markets as closely as he watches the weather forecasts, so when his winter wheat crop was nearly double its normal size, he hoped all those extra bushels would make up for lackluster prices amid a global grain glut.
Then Russia announced …. Source article on Gaea Times at  : Many US wheat growers won’t cash in on soaring prices after drought halts Russia’s exports.

Sensex soars in noon trade

MUMBAI – A benchmark index of Indian equities Friday soared in noon trade and was ruling 262 points higher. The buying spree spread to broader markets as well.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 20,094.1 points, and around noon was ruling at 20,331.36 points, up 262.24 points or … Read the original article on Gaea Times at : Sensex soars in noon trade.

Schwarzenegger vetoes bill requiring high-speed rail bidders to disclose Holocaust role

Governor vetoes bill seeking companies’ WWII roles

SACRAMENTO, Calif. – Gov. Arnold Schwarzenegger on Thursday vetoed a bill requiring companies seeking high-speed rail contracts with California to disclose any role they played during the Holocaust.
Under the measure, companies vying for a piece of California’s $45 billion high-speed rail project would have to reveal any involvement in …. Source  : Gaea News Network.

Opium yield halved in Afghanistan: UN

New York, Oct 1 (IANS/AKI) Afghanistan’s opium harvest was almost halved in 2010 as a widespread plant infestation took its toll on the war-torn country’s largest source of revenue, a UN report has said.

The total yield in 2010 was estimated at 3,600 tonnes, down 48 percent from 6,900 tonnes in 2009, according to the …. Original source  : Opium yield halved in Afghanistan: UN.

Gov. Schwarzenegger, legislative leaders remain mum on compromise to close $19 billion gap

California nears budget vote to end record impasse

SACRAMENTO, Calif. – Despite reaching a long awaited budget agreement, Gov. Arnold Schwarzenegger and legislative leaders remain mum about how they plan to close California’s $19 billion deficit.
Late Friday night, leaders of the state Senate and Assembly from both parties stood together outside the governor’s office after an …. Source  : Gov. Schwarzenegger, legislative leaders remain mum on compromise to close $19 billion gap.

Debate gives Whitman chance to regain momentum with Calif. Hispanics after housekeeper flap

Whitman looks to regain momentum in second debate

FRESNO, Calif. – Republican Meg Whitman and Democrat Jerry Brown are preparing for their second debate of the California governor’s race, hoping to court Hispanic voters, who could make up 15 percent of voters this November.
Whitman, who hoped to use Saturday’s forum to lure some voters from Brown, … Read the original article on Gaea Times at : Debate gives Whitman chance to regain momentum with Calif. Hispanics after housekeeper flap.

Toronto Stock Exchange to hold road show in India

TORONTO – The Toronto Stock Exchange (TSX) will hold a road show in India in November to showcase its unique position in the global mining industry.

TSX is also the worlds largest mining and energy market, with the biggest number of companies listed on it.
The stock exchange agreed to the road show after its … Read this article on Gaea Times at : Toronto Stock Exchange to hold road show in India.

Hard news that flops to cost more to mail; many small papers use post office for home delivery

USPS says droopy newspapers to cost more to mail

LITTLE ROCK, Ark. – Even if a newspaper is filled with hard news, the U.S. Postal Service is checking to see whether it’s droopy.
Under a rule that takes effect Sunday, if a flat piece of mail that’s longer than 10 inches droops too much, it will cost … Read more »».

Boeing delivers 203rd C-17 airlifter to USAF

LONG BEACH – Boeing has delivered to the US Air Force (USAF) the 203rd C-17 Globemaster III strategic airlifter, an aircraft that India is currently evaluating.

The C-17 left Long Beach Friday and is now operateing out of Joint Base Lewis-McChord, Washington state, where it is assigned to the 446th and 62nd Airlift Wings, a …. Read the original article  : Boeing delivers 203rd C-17 airlifter to USAF.

Foxconn staff in China get 66 percent pay hike

BEIJING – Electronic giant Foxconn has increased the monthly salaries of its workers in south China factory by 66 percent, raising their wages second time this year after a string of suicides by its employees.

From October, assembly workers at Shenzhen production base would get a pay rise of about 66 percent to bring salaries … Read more : Foxconn staff in China get 66 percent pay hike.

US seeks $4.4 bn Globemaster deal before Obama visit

WASHINGTON – The United States and India are working on a $4.4 billion deal for the Indian Air Force to acquire ten C-17 Globemaster transport aircraft ahead of President Barack Obama’s visit to India, according to a senior US official. The deal could potentially create up to 30,000 jobs in the US.

The possible …. Read the original article  : US seeks $4.4 bn Globemaster deal before Obama visit.

Real estate broker who survived 6 days without food, water in Calif. desert in good condition

Real estate broker found in desert doing well

JOSHUA TREE, Calif. – The Los Angeles real estate broker who survived six days without food or water in a remote desert canyon and wrote messages to his family on his hat has been upgraded from fair to good condition in a hospital in Joshua Tree.
Hi-Desert Medical Center …. Source article  : Real estate broker who survived 6 days without food, water in Calif. desert in good condition.

Pakistan sets up plant to produce cheap bread

ISLAMABAD – Pakistan has set up a bread factory in Punjab province that would provide bread at a most economical price of Rs.2, a media report said.

The Sasti Roti Plant, established in Gujar Khan city in Punjab province, would provide bread at a cost of Rs.2, and has a capacity to produce approximately 1,000 …. Original article  : Pakistan sets up plant to produce cheap bread.

California governor, legislative leaders say they’ve reached a budget deal

Calif. gov, legislative leaders reach budget deal

SACRAMENTO, Calif. – Gov. Arnold Schwarzenegger and legislative leaders said they struck a comprehensive agreement after an intensive five-hour meeting Friday night, signaling an end to California’s record-long budget stalemate after 93 days.
No details were released on how the state plans to bridge a $19 billion deficit, as legislative …. Source article  : California governor, legislative leaders say they’ve reached a budget deal.

Regulators close small banks in Florida, Washington to bring US bank failures this year to 129

Regulators close small Florida, Wash. banks

WASHINGTON – Regulators shut down small banks in Florida and Washington state on Friday, lifting to 129 the number of U.S. bank failures this year as loan defaults have mounted and economic distress has lingered.
The Federal Deposit Insurance Corp. took over Wakulla Bank, based in Crawfordville, Fla., with $424.1 million … Original article on : Regulators close small banks in Florida, Washington to bring US bank failures this year to 129.

Dialogic and Veraz finish merger, combined company named Dialogic, will trade as ‘DLGC’

Dialogic, Veraz finish merger
SAN JOSE, Calif. – Dialogic Corp., a privately held mobile video technology company, and Veraz Networks Inc., a publicly traded telecommunications equipment maker, said Friday that they have finished their merger.

The new company, which is called Dialogic Inc., will trade on the NASDAQ using the symbol “DLGC.” It is based in San …. Source article on Gaea Times at  : Dialogic and Veraz finish merger, combined company named Dialogic, will trade as ‘DLGC’.

Facebook splits stock as controversial movie hits screens

SAN FRANCISCO – Facebook announced a 5-for-1 stock split Friday, the same day a controversial movie about the origins of the social networking giant hit theatres.

Facebook said the stock split would enable it to be more flexible in granting stock options to current and prospective employees.
The move is the third time that … Original article on : Facebook splits stock as controversial movie hits screens.

Bank of America delays foreclosures in 23 states as it examines handling of documents

Bank of America delays foreclosures in 23 states

WASHINGTON – Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of homeowners without reading the documents.
The move adds the nation’s largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases …. Original article  : Bank of America delays foreclosures in 23 states as it examines handling of documents.

At a Glance: 23 states where Bank of America is halting foreclosures due to document problems

At a Glance: Foreclosure delays in 23 states

Bank of America is halting foreclosures in 23 states as it examines whether it rushed the process for thousands of homeowners without reading the documents.
The move adds the nation’s biggest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases without verifying the … Read more : At a Glance: 23 states where Bank of America is halting foreclosures due to document problems.

Yahoo details upcoming departure of EVP Schneider in regulatory filing

Yahoo gives details on EVP exit in SEC filing

SAN FRANCISCO – Yahoo Inc. gave more details surrounding the upcoming departure of Hilary Schneider, an executive vice president who oversees Yahoo’s advertising in the U.S., in a regulatory filing Friday.
Yahoo said Thursday that Schneider would be leaving, along with two other executives: David Ko, a senior …. Original article  : Yahoo details upcoming departure of EVP Schneider in regulatory filing.

SJW Corp. taps KPMG audit partner Lynch as chief financial officer, replacing Green

SJW names KPMG audit partner Lynch as CFO
SAN JOSE, Calif. – SJW Corp., the parent of San Jose Water Co. and an operator of commercial buildings, said Friday that James Lynch would become its chief financial officer and treasurer, replacing David Green, who resigned on Thursday.

Lynch begins on Monday.
In a securities filing, the company did …. Source  : SJW Corp. taps KPMG audit partner Lynch as chief financial officer, replacing Green.

Man gets word of donor matches on same day Arizona budget cuts eliminate transplant funding

Arizona Medicaid cuts include transplant funding

PHOENIX – A Phoenix man awaiting a bone-marrow transplant got good news Friday – word of two donors who are possible matches.
But new budget cuts for Arizona’s Medicaid program also take effect Friday, and they eliminate coverage for many types of transplants, including the lifesaving one Mark Price needs.
The former … Read : Man gets word of donor matches on same day Arizona budget cuts eliminate transplant funding.

Ryder in the storm: Rain suits become a water hazard for soggy US team in Wales

Wardrobe malfunction: US Ryder Cup golfers soaked

NEWPORT, Wales – Call it Water(proof)gate.
The dozen golfers on the U.S. Ryder Cup team got a soggy surprise on the opening day of competition when the rain gear they brought from the States didn’t work any better than it looked.
Caught in a morning downpour at the Celtic Manor course …. Original article  : Ryder in the storm: Rain suits become a water hazard for soggy US team in Wales.

Gov’t report finds large trader triggered May 6 stock market plunge with $4.1B computer trade

1 large trader led to May 6 stock market plunge

WASHINGTON – A trading firm’s use of a computer sell order triggered the May 6 market plunge, which sent the Dow Jones industrial average careening nearly 1,000 points in less than a half-hour, federal regulators said Friday.
A report by the Securities and Exchange Commission and the … Read more >>.

India should tap African continent’s resources: Jacob Zuma

DURBAN – South African President Jacob Zuma has urged India to tap the resources of the African continent to strengthen economic ties and secure access to a one billion strong consumer market.

India should tap the resources of African continents resources and strengthen our economic ties South Africa is the gateway to the one billion … Read the original article on Gaea Times at : India should tap African continent’s resources: Jacob Zuma.

Now, Metro from Central Secretariat to Sarita Vihar too

NEW DELHI – Delhi Metro chief E. Sreedharan Sunday flagged off a new line from Central Secretariat to Sarita Vihar that will also provide access to the Jawaharlal Nehru Stadium, the main venue for the Commonwealth Games.

People going to Jawaharlal Nehru Stadium Sunday evening for the inauguration of the Commonwealth Games can use …. Source  : Now, Metro from Central Secretariat to Sarita Vihar too.

Rs.454-crore ADB loan for Himachal tourism development

SHIMLA – Himachal Pradesh has got a multi-million dollar loan from the Asian Development Bank (ADB) for developing tourism infrastructure and services, an official statement said here Sunday.

“The ADB has agreed in principle to fund various tourism development projects amounting to Rs.454 crore in different parts of the state,” said the statement, quoting Chief … Read this article on Gaea Times at : Rs.454-crore ADB loan for Himachal tourism development.

Brazil to elect new leader after 8 years under Silva; Rousseff could be first woman president

Brazil to pick successor for popular president

SAO PAULO – Brazilians vote Sunday in national elections that could see front-running candidate Dilma Rousseff become the country’s first female president, succeeding her popular ally and mentor.
Rousseff, a 62-year-old former guerrilla, represents the ruling Workers Party and is the hand-chosen successor of outgoing President Luiz Inacio Lula da … Read : Brazil to elect new leader after 8 years under Silva; Rousseff could be first woman president.

Medics meet Frontier Airlines flight in Denver after report of sick passenger

Medics meet Frontier Airlines flight in Denver

DENVER – Medics have met a Frontier Airlines flight at the Denver airport after a child on board was reported to potentially have a contagious disease.
Flight 64 from Puerto Vallarta, Mexico, to Denver landed as scheduled late Saturday afternoon.
Denver Health spokeswoman Betty Rueda says initial reports were the illness … Read the original article on Gaea Times at : Medics meet Frontier Airlines flight in Denver after report of sick passenger.

Sikorsky cuts 200 salaried jobs, citing global economy, weak commercial helicopter market

Sikorsky cuts 200 jobs, citing commercial slump

STRATFORD, Conn. – Sikorsky Aircraft says it’s cutting 1 percent of its global workforce, citing ongoing problems with the global economy and a slump in the market for commercial helicopters.
The maker of commercial and military helicopters said in a brief statement Friday the layoffs affect salaried workers only. Stratford, [..] Read the original article: here.

Exit poll, partial results show Latvians opt for stability while electing parliament

Latvians opt for political stability in key poll

RIGA, Latvia – Voters in Latvia, which has suffered one of the world’s worst recessions, agreed to endure more painful economic reforms by re-electing the country’s center-right government, a nearly complete vote count in Saturday’s election shows.
With over 90 percent of the ballots counted, the government of Prime … Original article on : Exit poll, partial results show Latvians opt for stability while electing parliament.

Budget pact would close $19 billion California deficit with spending cuts, rosy projections

Details emerge on no-tax California budget pact

SACRAMENTO, Calif. – After a record-long impasse, California legislators are set to vote this week on a no-new-taxes budget that relies on a combination of spending cuts and optimistic financial projections to close a $19 billion deficit.
Details of the agreement between Gov. Arnold Schwarzenegger and legislative leaders began emerging …. Original source  : Budget pact would close $19 billion California deficit with spending cuts, rosy projections.

National Dems blast GOP candidate Linda McMahon in Conn. Senate ad that calls her a ‘bad CEO’

National Dems bash McMahon in Conn. Senate race ad

HARTFORD, Conn. – National Democrats have begun airing a TV ad attacking the business record of the Republican candidate for Connecticut’s U.S. Senate seat, accusing former professional wrestling executive Linda McMahon of being “a bad CEO.”
The Democratic Senatorial Campaign Committee released a 30-second spot on Saturday. It …. Original article  : National Dems blast GOP candidate Linda McMahon in Conn. Senate ad that calls her a ‘bad CEO’.

French unions launch 3rd pension plan protest in a month

French unions launch new pension plan protests

PARIS – Hundreds of thousands of protesters young and old demonstrated in France on Saturday, waving union flags and pressing conservative President Nicolas Sarkozy to drop plans to raise the retirement age from 60 to 62. It was the third day of protests in a month.
Unions tried a new … Original article on : French unions launch 3rd pension plan protest in a month.

Whitman blames opponent for controversy over housekeeper’s immigration status

Whitman blames opponent for housekeeper flap

FRESNO, Calif. – GOP candidate Meg Whitman blamed Democratic opponent Jerry Brown for the controversy over an illegal immigrant housekeeper.
Early in their second debate Saturday, Whitman responded to a question about the flap by turning to Brown and saying he and his surrogates were to blame.
Brown fired back, saying Whitman …. Source article  : Whitman blames opponent for controversy over housekeeper’s immigration status.

TV exit poll shows Latvia’s center-right government winning re-election

TV exit poll: Latvian government wins re-election

RIGA, Latvia – Voters in Latvia, one of the world’s most recession-scarred economies, have extended the mandate to the current center-right government to continue painful economic reforms, results of an exit poll and partial count of Saturday’s election show.
An exit poll by the BNS news service and LTV television …. Source  : TV exit poll shows Latvia’s center-right government winning re-election.

Farmer Jon: US Senator breaks from mold spending weekends plowing fields and fixing tractors

Farmer Jon: US Sen. spends weekends plowing fields

BIG SANDY, Mont. – Even for a Montana grain farmer, the ripped and greasy clothes worn by Jon Tester on a typical weekend back home are a bit ragged. For a U.S. senator, they are downright grubby.
Tester is a bit of an anomaly in what has been dubbed …. Original source  : Farmer Jon: US Senator breaks from mold spending weekends plowing fields and fixing tractors.

Green team visits Himachal hydro plant

SHIMLA – A team of the National Environment Appellate Authority (NEAA) Saturday visited Kinnaur district where the Kashang hydro-power project is coming up and heard grievances of the local people against the project authorities.

The team, comprising NEAA chairman J.C. Kala visited the site of the run-of-the-river 195 MW project to assess the environment damage, …. Source  : Gaea News Network.

Electric utilities face shortage of line workers, train replacements with stimulus money

Aging work force inspires utility worker training

BERLIN, Conn. – In the worst recession in memory, Helen Duguay discovered that climbing utility poles is a better career choice than selling real estate.
A former real estate agent out of work since May, the 43-year-old mother of five is learning to scale poles and operate a crane, a … Original article on : Electric utilities face shortage of line workers, train replacements with stimulus money.

Brazilians voting for new president, leader Silva hoping to elect successor for victory lap

In election, Brazil’s Silva hopes for victory lap

SAO PAULO – The emcee’s voice begins rising to a crescendo rivaling that of any Las Vegas ring announcer, a yell driving through a dense tropical rain that concisely explains what Brazil’s adored president means to his nation.
“He is the man who turned our dreams into reality!” the …. Original article  : Brazilians voting for new president, leader Silva hoping to elect successor for victory lap.

Iraq to announce new figures on oil reserves

BAGHDAD – Iraq plans to announce Monday its latest figures on the number of crude oil reserves in the country, according to the ministry of oil.

Since the fall of Saddam Hussein, Iraq’s leaders have suggested that reserves could be up to three times greater than the current estimate of 115 billion barrels.
Asim Jihad, …. Source  : Gaea News Network.

Do business with India, Indians in Africa told

DURBAN – Africans of Indian origin should look at India as a “land of economic opportunity” and connect more through business and education, besides traditional social and cultural ties, Overseas Indian Affairs Minister Vayalar Ravi said at the inauguration of a conclave to connect the scattered Indian diaspora in the continent to the land of … Read more : Do business with India, Indians in Africa told.

North Korean gymnast who competed under 3 different birth dates being investigated

NKorean gymnast investigated for 3 birth dates

LAUSANNE, Switzerland – International gymnastics officials are investigating another case of possible age falsification, this time of a North Korean gymnast who listed three different birth dates.
North Korea and Hong Su Jong will be given a chance to explain the discrepancies at a hearing and in written statements, the …. Source  : North Korean gymnast who competed under 3 different birth dates being investigated.

Germany to support India’s stand against US protectionism

NEW DELHI – Germany will support India’s stand against protectionist policies, adopted by the United States in the last few months, at the major international forums, including the upcoming G20 Seoul Summit, its envoy has said.

“Protectionism is a poison. It is not good for any country. We share India’s concern and will fully … Original source on Gaea Times at : Germany to support India’s stand against US protectionism.