Saturday, July 10, 2010

Business - 10 july 2010

  • Gulf Business Owners on the Brink
    Sat, 10 Jul 2010 09:51:29 -0700
  • BP Oil Spill Timeline
    Sat, 10 Jul 2010 09:51:29 -0700
  • Why Andy Grove Is Wrong About Job Growth
    Sat, 10 Jul 2010 09:51:29 -0700
    Reigniting job creation in the U.S. won't happen by becoming more like China and India
  • Smartphone firms face patent row
    Sat, 10 Jul 2010 09:44:13 -0700
    Six smartphone firms including Apple and Nokia are sued by a firm that has already won a case against Blackberry-maker RIM.
  • The week ahead: Not too stressed
    Sat, 10 Jul 2010 09:41:09 -0700
    Potentially robust second-quarter corporate earnings and more clarity on the state of European banks in the coming week should help calm investors stressed by a possibility of a double-dip recession.
  • German labour office chief says crisis not over
    Sat, 10 Jul 2010 09:20:26 -0700
    BERLIN (Reuters) - It's too early to say the economic crisis in Germany has passed because considerable risks to the recovery remain, the head of the Federal Labour Office, Frank-Juergen Weise, was quoted as saying on Saturday.
  • China’s Trade Surplus Widens in June, Adding Pressure on Yuan
    Sat, 10 Jul 2010 09:03:00 -0700
    China’s trade surplus widened to the highest this year and exports climbed more than estimated to a record in June, adding pressure on the government to let the currency gain after the U.S. said the yuan “remains undervalued.”
  • Snowe: no decision on U.S. financial reg reform vote
    Sat, 10 Jul 2010 08:51:05 -0700
    LISBON FALLS, Maine (Reuters) - Maine Senator Olympia Snowe said on Saturday she has not decided which way to vote on crucial financial reform legislation, with the most important thing being "to get it right."

  • The real test for stocks
    Sat, 10 Jul 2010 08:48:20 -0700
    The stock market's best week in a year has restored some confidence to battered investors, but the real test begins Monday when companies start reporting second quarter profits and losses.
  • Vatican Reports $5.1 Million Deficit on Communication Costs
    Sat, 10 Jul 2010 08:32:12 -0700
    The Vatican reported a budget deficit of 4.2 million euros ($5.1 million) last year as expenses to fund its radio station and other media projects more than offset revenue from investments and donations.
  • German labor office chief says crisis not over
    Sat, 10 Jul 2010 08:06:44 -0700
    BERLIN (Reuters) - It's too early to say the economic crisis in Germany has passed because considerable risks to the recovery remain, the head of the Federal Labour Office, Frank-Juergen Weise, was quoted as saying on Saturday. Weise told German newspaper Rheinpfalz am Sonntag that while developments on the labor market were better than expected, he was worried "the economic crisis is being declared over," he said in excerpts from an article due to appear on Sunday.

  • BP to Remove Well Cap Today to Install New Collector (Update1)
    Sat, 10 Jul 2010 08:06:11 -0700
    BP Plc plans to start removing the cap collecting some of the oil leaking from the Macondo well in the Gulf of Mexico today, as part of the effort to replace it with more efficient containment system.
  • Here's Why This Summer Rally May Be One To Ride
    Sat, 10 Jul 2010 07:52:50 -0700
    Thick pessimism and deeply oversold conditions could give this rebound some legs.
  • Airlines 'fail to refund taxes'
    Sat, 10 Jul 2010 07:22:40 -0700
    Airlines are accused of keeping millions of pounds for themselves which ought to be refunded to passengers.
  • BP in fresh bid to plug oil leak
    Sat, 10 Jul 2010 06:48:26 -0700
    BP is to start replacing the cap over the blown-out oil well in the Gulf of Mexico, in its latest bid to stem the oil leak.
  • Europe woes could hit recovery of Indian tech firms
    Sat, 10 Jul 2010 06:10:26 -0700
    BANGALORE (Reuters) - India's leading information technology exporters should report robust quarterly sales, thanks to improving demand from their mainstay financial clients, but Europe's debt crisis and rising salaries could cap their outlook.
  • Airlines Versus Business Aviation
    Sat, 10 Jul 2010 05:59:21 -0700
    Business travel choice is about the value - the most bang for your buck with the least risk.
  • Economists see U.S. recovery weakening: survey
    Sat, 10 Jul 2010 05:57:52 -0700
    WASHINGTON (Reuters) - The U.S. economy will lose steam as the year progresses but will not slide back into recession, even though unemployment is unlikely to fall significantly, according to a survey released on Saturday.

  • Aeroflot picks Boeing, Airbus: report
    Sat, 10 Jul 2010 05:55:19 -0700
    MOSCOW (Reuters) - Russian flagship airline Aeroflot expects to acquire 22 Boeing Dreamliners and 22 Airbus A350s by 2016 as it expands its fleet, CEO Vitaly Savelyev told Prime Minister Vladimir Putin.

  • BP spill won't affect Iraq projects: oil minister
    Sat, 10 Jul 2010 05:30:48 -0700
    BAGHDAD (Reuters) - Iraq's oil minister said on Saturday he sees no impact from the massive oil spill at a BP well in the Gulf of Mexico on Iraq's current or future projects to develop its giant oilfields.

  • Billionaire Beggars; Apple’s Epic Hot Streak: Commentary Review
    Sat, 10 Jul 2010 05:30:14 -0700
    (The following are excerpts from the past week’s Bloomberg News columns. For full text of any column, click on the command below the writer’s name. Opinions are those of the columnists.)
  • The 50 smartest people in tech
    Sat, 10 Jul 2010 05:29:38 -0700
    What constitutes tech savvy today? An alchemy of intellect, ambition, and that uncanny ability to peer around corners. Some of our choices may surprise you.
  • Congress broke it. IRS has to fix it
    Sat, 10 Jul 2010 05:09:27 -0700
    With a new mandate looming that will require business owners to file millions more tax forms, the Internal Revenue Service has begun the daunting process of figuring out how to turn the law's sweeping demands into actual rules for taxpayers.
  • Why China's growth will slow
    Sat, 10 Jul 2010 05:07:59 -0700
    Growth in China is going to slow. After the country posted 11.9% growth in the GDP for the first quarter of this year compared to last, there's really no other option. For one, the sovereign debt scare in Europe, which has eroded the purchasing power of China's largest export market, will be a big knock on the economy. The Chinese government has even set their full year growth estimate iat 9.1%, explicitly implying a slow down is coming. And, with the Shanghai Composite down 26.5% year to date, Chinese equity prices confirm this.
  • It'll be minimum wage for you
    Sat, 10 Jul 2010 05:05:26 -0700
    A year ago, California dealt with its budget crisis by handing out hundreds of thousands of IOUs to contractors and taxpayers. This year, it's threatening to cut state workers' wages to the bone.
  • TeamLease partners K'taka Govt for job exchange
    Sat, 10 Jul 2010 05:03:10 -0700
    TeamLease Services has joined hands with the Government of Karnataka to create the Karnataka Employment Center (KEC), the country s first employment exchange based on a public-private partnership. The KEC will deliver the full range of services covering Registration, Assessment, Counseling, Training, Certification and Placement to ensure successful access to the job market for the youth of Karnataka. The nodal partner agencies on the government side for this initiative are the Department of Employment & Training and Karnataka Vocational Training
  • Deutsche Bank introduces philanthropic opportunity
    Sat, 10 Jul 2010 05:02:57 -0700
    Deutsche Bank India has introduced a unique philanthropic opportunity with GiveIndia Foundation for its premium clients. GiveIndia Foundation has aligned with Deutsche Bank to create awareness among Deutsche Bank s high end clients about a unique philanthropic opportunities. GiveIndia is an online portal which enables individuals to make contributions to credible NGOs across the country. It offers about 10 causes - child welfare, women welfare, healthcare, elderly, healthcare, environment, youth livelihoods, care for disabled and more to choose
  • Zensar starts IP showcase center in Delhi
    Sat, 10 Jul 2010 05:02:44 -0700
    Zensar Technologies announced the inauguration of its fifth facility in the country and its first Intellectual Property showcase center for the domestic market. The launch of this centre will further strengthen the Company s footprint in the domestic market and will bring the complete range of transformation services and easily deployable solutions to Indian customers. Dr Ganesh Natarajan, Vice Chairman and Managing Director, Zensar Technologies said The focus on non-linear revenues and a range of intellectual property solutions in the key verticals
  • Huawei wins 60% mkt of China Mobile IMS deployment
    Sat, 10 Jul 2010 05:02:30 -0700
    Huawei met with industry leaders to discuss advancements in CDMA technology at the 5th annual Global CDMA Operation & Development Forum in Shanghai. Attendees of the forum, which included leading global CDMA operators such as China Telecom, Sprint Nextel, Leap, KPN and TATA, explored the challenges and opportunities facing the CDMA industry in an era of mobile broadband. As part of this forum, Huawei promoted its leading SingleRAN@Broad solution for CDMA industry, marking a continued commitment to delivering innovative and cutting-edge SingleRAN
  • Expedia declares 2010 Insiders' Select results
    Sat, 10 Jul 2010 05:02:18 -0700
    Expedia announced the 2010 Insiders Select results, an annual ranking of the world s best hotels for quality and value as determined mostly by traveler reviews. The results were announced by Daniel Lynn, Vice President and Managing Director, Expedia Asia Pacific, during his recent visit to India. The 2010 Insiders Select list reflects a remarkable cross-section of properties in different regions, representing various accommodation types and star rating categories. The feature that each Insiders Select property has in common is a surpassing commitment
  • Treasure your holidays with Snapfish keepsakes
    Sat, 10 Jul 2010 05:02:06 -0700
    Vacations are the best time of your life so don t let go of them so easily! The holiday season has come to end and so have the laid-back times. But, there are creative ways to re-live the leisurely mornings, breezy afternoons and crazy evenings as you head back to work or school after that perfect summer break. Just visit Snapfish and turn your best holiday photos into customized gifts for near and dear ones or keepsakes for yourself. You can pick from a vast range of products comprising photo mugs, t-shirts, key rings, calendars, magic mugs, posters
  • Zapak brings Spin Master to India
    Sat, 10 Jul 2010 05:01:58 -0700
    Zapak Games, the licensing & merchandising arm of Zapak Digital Entertainment, announced their association with global toy maker Spin Master. Zapak Games will be the exclusive distributor for many of Spin Master s largest brands in India. A multi-category children s entertainment company since 1994, Spin Master has been designing, developing, manufacturing and marketing award winning consumer products for children around the world and is recognized as a global growth leader within the toy industry with distribution in more than 65 countries
  • ZMC to host conference on Globalization
    Sat, 10 Jul 2010 05:01:48 -0700
    Zinnov Management Consulting will host its annual R&D Globalization conference titled, Congruence 2010: The Fourth Dimension of Globalization on July 15, in Bangalore. This one-of-a-kind event will comprehensively address the Indian R&D Industry and is supported by some of the most well-established names in the industry with Patni Computer Systems Ltd, Wipro Limited as Gold sponsors whereas Blue Star Infotech, Ness Software Product Labs SM , and Persistent Systems as Silver sponsors. Over 400 senior executives attending the conference will
  • Gold recovers on firming global trend
    Sat, 10 Jul 2010 05:01:35 -0700
    Gold prices recovered by Rs 55 to Rs 18,655 per ten grams in the national capital today on fresh buying by stockists and jewellers after a firming trend in global markets. Silver also rose by Rs 150 to Rs 29,150 per kg on increased offtake by industrial units and coin-makers. Trading sentiment turned strong after gold rose the most in three weeks in global markets on speculation the lowest prices since May will revive demand. Gold in overseas markets, which normally set trend on the domestic front, rose 13.70 dollar to 1,209.80 dollar an ounce,
  • 93% mid-size cos report revenue growth
    Sat, 10 Jul 2010 05:01:13 -0700
    A survey commissioned by HSBC, covering over 3,600 mid-size companies worldwide, revealed the vast majority of mid-size companies conducting international business are thriving because of it and plan to expand internationally in the next two years. Mid size companies with an annual turnover of US$5m - $1bn were surveyed. In India, 63% mid-size companies surveyed conduct international business, and 95 per cent of mid-size internationals plan to expand their current international business in the next two years. Despite global economic uncertainty
  • Entires open to 3rd International Holcim Awards
    Sat, 10 Jul 2010 05:01:03 -0700
    The 3rd International Holcim Awards competition offering a total of USD 2 million in prize money is open to: sustainable building and civil engineering works; landscape, urban design and infrastructure projects; and materials, products and construction technologies. The Awards are an initiative of the Swiss-based Holcim Foundation for Sustainable Construction. Entries must be submitted online by March 23, 2011. The competition celebrates innovative, future-oriented and tangible projects and visions from around the globe and is open to anyone involved
  • Stocks, at crossroads, turn to earnings
    Sat, 10 Jul 2010 04:15:57 -0700
    NEW YORK (Reuters) - The U.S. stock market landed at a technical crossroads following its best week in a year, yet the potential for positive earnings surprises beginning next week could give an edge to the bulls.

  • China shrugs off global fears with export strength
    Sat, 10 Jul 2010 01:46:26 -0700
    BEIJING (Reuters) - China's trade surplus in June topped expectations on surprising strength in exports that suggests the global economic recovery has remained on track despite worries about a fresh slowdown.

  • Wells Fargo cuts free checking ahead of new rules
    Fri, 09 Jul 2010 15:40:08 -0700
    CHARLOTTE, North Carolina (Reuters) - Wells Fargo & Co will no longer offer free checking for all new customers opening accounts at the bank, a company spokeswoman told Reuters on Friday.

  • Heavy on the Wallet
    Fri, 09 Jul 2010 15:00:00 -0700
    A look at the world's favorite foods and how they've fared during the past year
  • The World's Biggest Oil Companies
    Fri, 09 Jul 2010 14:28:52 -0700
    Publicly traded giants like Royal Dutch Shell, Chevron, ConocoPhillips and Total may be Big Oil, but they are not Biggest Oil.
  • Bull vs Bear: Who's right about FTSE's recovery?
    Fri, 09 Jul 2010 13:56:19 -0700
    With the blue-chip index surging 6.1pc over the week - its biggest jump in a year - we ask two City figures what's next for share prices.
  • If the UK is to compete with China and India, we have to pick winners
    Fri, 09 Jul 2010 13:44:18 -0700
    Michael Geoghegan, the chief executive of HSBC, was feeling the heat on Friday in London. It was, he said, warmer here than in Hong Kong where he relocated his office to last year, although not quite as hot as Doha where he'd just flown in from.
  • Inflation pressures ease but UK trade deficit widens
    Fri, 09 Jul 2010 13:34:42 -0700
    There were mixed messages for the economy as factory gate inflation fell unexpectedly last month but Britain's trade position worsened.
  • Stocks score fourth consecutive day of gains
    Fri, 09 Jul 2010 13:33:38 -0700
    Stocks again surged in the final hour of trading, providing U.S. equities with a fourth consecutive session of gains ahead of next week's debut of second-quarter earnings.

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