Sunday, August 8, 2010

Business - 08 August 2010

  • Politicians Spar Over Bush Tax Cuts
    Sun, 08 Aug 2010 07:28:03 -0700
  • Stripper: Degree Not Worth It
    Sun, 08 Aug 2010 07:28:03 -0700
  • Wheat prices soar. What's next, pizza?
    Sun, 08 Aug 2010 07:21:15 -0700
    With wheat futures soaring to their highest level in two years, you could soon find yourself paying more for a loaf of bread at your local grocery store.
  • The man who made the iPhone 4 is out
    Sun, 08 Aug 2010 07:19:29 -0700
    Two years after fighting in court to hire him, Apple has let IBM's Mark Papermaster go.
  • Unprofitable Demand Media files for IPO
    Sun, 08 Aug 2010 07:05:20 -0700
    Online content creator Demand Media, which spawns thousands of eHow articles and YouTube videos each day, filed Friday for an initial public offering of stock intended to raise up to $125 million.
  • Wall Street: Eyes on the Fed
    Sun, 08 Aug 2010 06:58:24 -0700
    As the euphoria of corporate earnings season fades, the stock market could drift in a narrow range this week as investors come to grips with the prospect of a sluggish economic recovery.
  • South Korean Fishing Boat May Have Been Seized by North Korea
    Sun, 08 Aug 2010 06:40:06 -0700
    A South Korean fishing boat may have been detained by North Korea off the peninsula’s east coast after the communist country threatened “physical retaliation” against the South’s joint military drills with the U.S.
  • Singapore Economy Expanded 17.9% in First Six Months
    Sun, 08 Aug 2010 06:39:00 -0700
    Singapore’s economy expanded less than previously estimated in the first half of 2010 and growth may “moderate” in the coming months, Prime Minister Lee Hsien Loong said.
  • Kuwait in BlackBerry talks, no ban for now - minister
    Sun, 08 Aug 2010 06:10:28 -0700
    KUWAIT (Reuters) - Kuwait has no intention of stopping BlackBerry services for the time being but is talking to the device's manufacturer about moral and security concerns, the communications minister said on Sunday.
  • Moscow Chokes Under Blanket of Wildfire Smoke for Third Day
    Sun, 08 Aug 2010 06:02:04 -0700
    Moscow choked for a third day under a blanket of smoke as wildfires continued to blaze around the Russian capital.
  • Unite plays down strikes threat
    Sun, 08 Aug 2010 05:20:04 -0700
    Union leader Derek Simpson plays down the prospect of widespread strike action by unions this autumn.
  • Dubai Shares Drop Most in 6 Weeks on Earnings, Economic Concern
    Sun, 08 Aug 2010 04:39:00 -0700
    Dubai shares fell the most in almost six weeks, leading a decline in Middle East markets, on concern earnings and global economic growth will slow.
  • Saudi Arabia Extends Deadline for BlackBerry Shutoff
    Sun, 08 Aug 2010 02:45:00 -0700
    Saudi Arabia delayed shutting off Research In Motion Ltd.’s BlackBerry instant messaging until midnight tomorrow, giving operators time to test a system that can monitor user data, the state-run Saudi Press Agency said.
  • Landslides Kill 127 in Northwest China; 2,000 Missing
    Sun, 08 Aug 2010 02:35:00 -0700
    The number of people killed in landslides triggered by rain in China’s northwestern Gansu province rose to 127, the official Xinhua News Agency said today, citing the Ministry of Civil Affairs.
  • Caution prevails, but volatility seen lower
    Sun, 08 Aug 2010 02:14:47 -0700
    NEW YORK (Reuters) - U.S. stock investors are turning more to options for protection after the latest data showing the frailty of the economic recovery, but they may find some comfort in Wall Street's "fear gauge."


  • South Korea’s Lee Names Kim Tae Ho as Prime Minister
    Sat, 07 Aug 2010 23:44:04 -0700
    South Korean President Lee Myung Bak named Kim Tae Ho as prime minister in a sweeping reshuffle of his cabinet as he seeks to regain public support after a surprise defeat in a recent local election.
  • Adventure tourism key to boosting economies
    Sat, 07 Aug 2010 23:02:57 -0700
    Washington, Aug 8 (ANI): A study has found that a country could get an economic boost if it offered adventure tourism.
  • Lebanese crafts 'struggle' to survive
    Sat, 07 Aug 2010 23:00:24 -0700
    Lebanese craft workers are facing competition from cheaper importers including China, with many struggling to survive.
  • Honda's compact hybrid to be cheapest in Oct - papers
    Sat, 07 Aug 2010 22:40:28 -0700
    TOKYO (Reuters) - Honda Motor Co plans to sell a hybrid version of its popular Fit compact car at around 1.59 million yen ($18,600), making it the cheapest hybrid in Japan when it goes on sale in October, the Tokyo Shimbun daily said on Sunday.
  • Ex-HP CEO Hurd settled with contractor - sources
    Sat, 07 Aug 2010 22:10:27 -0700
    SAN FRANCISCO (Reuters) - Hewlett-Packard Co's former chief executive officer Mark Hurd has reached a legal settlement with the woman who accused him of sexual harassment, and she has also agreed to release HP from legal claims, according to sources familiar with the matter.
  • Ex-HP CEO Mark Hurd settled with contractor
    Sat, 07 Aug 2010 21:42:44 -0700
    SAN FRANCISCO (Reuters) - Hewlett-Packard Co's former chief executive officer Mark Hurd has reached a legal settlement with the woman who accused him of sexual harassment, and she has also agreed to release HP from legal claims, according to sources familiar with the matter.


  • Flag manufacturing business in full swing ahead of I-Day
    Sat, 07 Aug 2010 20:51:00 -0700
    With Independence Day around the corner, the national flag manufacturing industry in Coimbatore in Tamil Nadu is doing brisk business and working overtime to complete their orders.
  • Recovery from oil spill is Obama priority - Navy Sec'y
    Sat, 07 Aug 2010 20:00:27 -0700
    BAY ST. LOUIS, Miss. (Reuters) - U.S. President Barack Obama's administration sees the restoration of the Gulf Coast after the BP oil spill as a national priority and the president should not be blamed for the disaster, Secretary of the Navy Ray Mabus said on Saturday.
  • iPhone exec departs Apple after "Antennagate"
    Sat, 07 Aug 2010 19:40:39 -0700
    SAN FRANCISCO (Reuters) - Mark Papermaster, the Apple executive in charge of iPhone engineering, has left the company weeks after the "Antennagate" controversy over complaints of poor reception on the company's latest smartphone.
  • Saudi telecoms test fix in tentative BlackBerry deal
    Sat, 07 Aug 2010 19:40:28 -0700
    RIYADH (Reuters) - The Saudi telecom regulator told the kingdom's telecom operators on Saturday to test a proposed fix to the perceived national security threat posed by certain services available on Research In Motion 's BlackBerry smartphones.
  • City bonuses jump 25pc to £10bn
    Sat, 07 Aug 2010 13:52:02 -0700
    City bonuses jumped by 25pc to £10bn in the latest pay round despite Government efforts to rein back bankers' pay.
  • Astro's GETIT buy opens new chapter for FDI in classified...
    Sat, 07 Aug 2010 13:51:07 -0700
    Classifieds are cool again. Foreign investors facing restrictions in Indian media investments have found a new growth avenue in classifieds publishing, which includes directory and Yellow Pages. Malaysian investor Astro recently picked up 50% stake in New Delhi-based GETIT Infoservices for around Rs 100 crore recently. With this, foreign investments in the classifieds space in the last three years is estimated to have reached Rs 700 crore, the highest in the non-news print media space in recent times. The classifieds business has shown double-digit
  • M&M gets board nod to bid for 50% stake in SsangYong
    Sat, 07 Aug 2010 13:50:57 -0700
    Utility major Mahindra & Mahindra has finally announced that it will bid for the cash-strapped South Korean SUV-maker, SsangYong Motors, after weeks of uncertainty. On Saturday, the company s board okayed the decision to bid following the due diligence process. The last date for putting in bids for acquiring 50% of SsangYong Motors is August 10. Mahindra & Mahindra Ltd has informed BSE that the board of directors of the company at its meeting held on August 7, 2010, authorised submission of a binding bid to acquire a majority stake in SsangYong
  • Back and forth
    Sat, 07 Aug 2010 13:50:33 -0700
    Week 31: August 2-6 August 2 Sebi asks ADAG firms Reliance Natural Resources Ltd, Reliance Infrastructure, their chairman Anil Ambani and some top executives to appear before it for personal hearing on September 3 in a case relating to stock market dealings. Though neither Sebi nor the ADAG group talked about the nature of the case, sources say it could be linked to the alleged share transactions involving two foreign banks through the FII route. Maruti Suzuki India reports a 29.18% jump in sales for July at 1,00,857 units. The company had sold
  • The all-frills experience...
    Sat, 07 Aug 2010 13:50:06 -0700
    One of the toughest restaurateuring puzzles of our times has to be how to sell Indian food within India and in trendy settings. Indian food is undoubtedly the money spinner of the restaurant business in this country. That s what pulls in the crowds; groups of large families and regulars who form the backbone of any F&B business in a country like ours, where eating out can be family entertainment at prime time even in the poshest of places, unlike say, in Europe or America, with their frequent no-kids routines. But like we said, how to present and
  • Jimmy Choo may change hands for £500m
    Sat, 07 Aug 2010 13:48:51 -0700
    Jimmy Choo, the fashionistas' favourite shoemaker, could be about to change hands for up to £500m.
  • A corker of a read
    Sat, 07 Aug 2010 13:48:27 -0700
    Bring out the heralds, the initial reports about this book, Tiger Hills by debutante author Sarita Mandanna, are all true. Set in Coorg, undoubtedly one of the most picturesque places in the world, the wide sweep of the novel both in terms of narrative and style reminds you of the family sagas by MM Kaye or even Colleen McCollough which populate school libraries to this day. In the era of obscure, incomprehensible prose and plot lines, an old-fashioned love fable set in an exotic land is always welcome. If the author is guilty of anything, it is
  • BP sued over dispersant used on spill
    Sat, 07 Aug 2010 13:48:03 -0700
    BP has been hit by the first personal injury lawsuit which claims that its "toxic" chemicals in the Gulf of Mexico are causing health problems - a move that could lead to a new slew of litigation against the company.
  • Carphone founder joins Jensen board
    Sat, 07 Aug 2010 13:46:14 -0700
    Charles Dunstone, the multi-millionaire Carphone Warehouse founder, is daring to tread where many others have perished - by investing in classic cars.
  • 'The first thing a business leader should do after taking over...
    Sat, 07 Aug 2010 13:45:26 -0700
    The tallest leader from the Tata Group for him is Jamsetji Tata. JRD Tata is a legend, but the one who fascinates me is Jamsetji. His combination of influences, ideas and philosophies that he brought together and then made them work in practical terms, coupled with sheer single-minded commitment to India, at a time when the idea of India itself was emerging, is indeed special. In his recent work, TATA The Evolution of a Corporate brand, Morgen Witzel, senior consultant with the Winthrop Group of Business Historians, unfolds the story of the Tata
  • Show me the money
    Sat, 07 Aug 2010 13:44:44 -0700
    Money, on everybody s mind, is also the theme for Arushi arts annual art affair, the Harvest festival. Titled Paisa Paisa Money Money, the theme will showcase experimental art works by newer talent from India, as well as overseas. In its 11th year, the Harvest festival is showcasing Indian masters and other established art veterans in the first part. Payal Kapoor, director, Arushi Arts, believes that the idea behind the festival has always been to promote Indian contemporary art and to show emerging trends in contemporary art. Every year we show
  • £20bn defence contracts face axe
    Sat, 07 Aug 2010 13:42:14 -0700
    More than £20bn of defence contracts structured as private finance initiatives (PFIs) face the axe as the MoD attempts to stem a £35bn deficit.
  • Carbon windfall for EDF
    Sat, 07 Aug 2010 13:41:35 -0700
    EDF Energy will bank windfall profits of an estimated £350m a year at the expense of British customers, when the Government introduces a new green tax.
  • Business warns ministers over rail cuts
    Sat, 07 Aug 2010 13:41:02 -0700
    BCC tells Transport Secretary to avoid "hasty and ill-conceived cuts" or risk putting economic growth at risk.
  • UK property: 50 years of going in cycles
    Sat, 07 Aug 2010 13:31:52 -0700
    Can data from half a century of recessions predict UK property trends?
  • Serco and Circle in NHS bid fight
    Sat, 07 Aug 2010 13:15:30 -0700
    Serco, the outsourcing giant, and Circle, Europe's largest partnership of healthcare workers, are going head-to-head in a bid to become the first private company to run an NHS hospital.
  • InterContinental says the business traveller is back on the road
    Sat, 07 Aug 2010 13:08:29 -0700
    InterContinental Hotels Group will this week welcome the return of the business traveller as it unveils a steep rise in profits, but the company is likely to warn that recovery could be jeopardised by a lack of bank funding.
  • Redundancies threatened at P&O after price war with Eurotunnel
    Sat, 07 Aug 2010 12:49:47 -0700
    Jobs are under threat at P&O after the ferry operator warned that a price war by Eurotunnel on its key short sea routes would force sweeping cost cuts within the business.
  • Sherlock clues that the taxman missed
    Sat, 07 Aug 2010 12:46:30 -0700
  • Questor tips: Iron ore will continue to boost Rio Tinto's profits
    Sat, 07 Aug 2010 12:40:40 -0700

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