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New US meat labeling rules upsets Canada

Thu, 23 May 2013 16:33:00 -0400

OTTAWA - Canada has threatened "retaliatory measures" against the United States move changing the so-called country of origin labeling that would track beef and hogs through the meat processing and distribution systems, stating that it is discriminatory, a view shared by the World Trade Organisation. On Thursday, the United States Department of Agriculture issued a final modification to its ...

Twitter beefs up security with two-step login

Thu, 23 May 2013 17:11:08 -0400

NEW YORK - Aiming to tackle recent high-profile breaches, popular micro-blogging site Twitter is introducing an optional two-step login for users to beef up security. The new system would try to ensure "it's really you" when a user signs in to Twitter, which transmits some 400 million messages a day. The move follows recent attacks into the twitter accounts of news organisations' such as ...

Royalty Pharma takeover bid fails to find Elan ecceptance

Thu, 23 May 2013 17:52:46 -0400

DUBLIN/ WASHINGTON Ireland-based biotechnology firm Elan Thursday rejected Royalty Pharma's increased $6.4 billion takeover bid, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share. Royalty raised its hostile cash bid to $12.50 per share on Monday, from $11.25 previously, but made the new offer conditional on Elan shareholders rejecting, at a ...

Wockhardt shares plunge 20 pc on USFDA import alert

Thu, 23 May 2013 16:26:11 -0400

MUMBAI - Shares of Wockhardt, one of the leading Indian pharmaceutical and biotechnology companies, witnessed a sharp fall of 20% to Rs. 1,315 ($23.61) on the Bombay Stock Exchange(BSE) on Thursday after the US FDA published an import alert on one of its three manufacturing facilities near Aurangabad. The import alert, 'detention without physical examination of drugs from firms which have ...

2 Ford units to be shut in Australia in Oct 2016

Thu, 23 May 2013 16:26:07 -0400

MELBOURNE - Ford Motor Company Wednesday announced plans of closing its local manufacturing operations in Broadmeadows and Geelong in October 2016 thereby forcing 1,200 people out of work. Spelling the end of the iconic Ford Falcon in the country, Ford Australia president Bob Graziano announced that the carmaker would shut its Victorian facilities in October 2016, bringing an end to nearly ...

UK urged by IMF to bring forward high value spending

Wed, 22 May 2013 15:53:31 -0400

LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

EU regulators seek tax transparency from companies

Fri, 24 May 2013 02:40:01 -0400

The European Commission said Thursday that it is working on a proposal to require corporate giants with operations in the European Union to publicly report profits, taxes paid and subsidies received on a country-by-country basis. Representatives of the 27 member-states agreed to seek ways to prevent multinationals from avoiding their obligations by channeling profits through subsidiaries in ...

Top 10 newly discovered species revealed

Fri, 24 May 2013 01:50:02 -0400

A global committee of taxonomists - scientists responsible for species exploration and classification - has announced a list of top 10 new species discovered in 2012. An amazing glow-in-the-dark cockroach, a harp-shaped carnivorous sponge and the smallest vertebrate on Earth are just three of the newly discovered top 10 species selected by the International Institute for Species Exploration at ...

Former England skipper Illingworth says Fiery Fred Trueman better than Anderson

Thu, 23 May 2013 23:50:01 -0400

Former England captain Ray Illingworth has said that although bowling star James Anderson is the best swing bowler in the world now, but his former teammate and Yorkshire legend Fred Trueman was far better. Illingworth's statement comes on the backdrop of the second Test against New Zealand starting at Headingley, where Lancashire cricketer Anderson, on 305 wickets, is expected to cruise past ...

Greater attention needed for safe childbirths UN urges on inaugural Day to end obstetric fistula

Thu, 23 May 2013 20:15:34 -0400

23 May 2013 150 The prevalence of obstetric fistula - a preventable and treatable condition linked to women's reproduction - among women and girls in developing countries is a denial of their human rights, senior United Nations officials today said urging global action to make childbirth safer. "The persistence of fistula is a result of human rights denied and a reflection of human rights ...

New Russian spacecraft reusable for up to five flights

Thu, 23 May 2013 19:00:01 -0400

Russia's new reusable spacecraft being developed by the Energia Rocket and Space Corporation will be able to make up to five space flights, the rocket maker said. The spacecraft's technical design has been finalised but is yet to be officially approved, Energia deputy general designer Alexander Chernyavsky said. The new reusable craft is to replace the Soyuz carrier rocket and is expected to ...

Chidambaram says U.S. Federal Reserves statement misunderstood calls for calm

Thu, 23 May 2013 09:00:01 -0400

Finance Minister P. Chidambaram on Thursday sought to calm stock markets in India after Federal Reserve Chairman Ben Bernanke suggested bond purchases could be scaled back if the U.S. economy improves. Addressing a news conference here, Chidambaram said fears that the Federal Reserve would start reversing its U.S. monetary stimulus programme were being misunderstood in stock market and investor ...

Tribals in Niyamgiri demonstrate against Bauxite mining

Thu, 23 May 2013 08:00:03 -0400

More than 3000 tribals assembled in Muniguda village of Rayagada district on Wednesday (May 22), to protest against mining in the Niyamgiri hills. The Supreme Court had recently suggested that there was need to seek the opinion of local tribals before mining as it did not want any damage to be caused to the environment. The mining project has also been opposed by the rights groups. The Gram ...

Leona Lewis heart-broken after first breakup

Thu, 23 May 2013 08:00:01 -0400

Leona Lewis has revealed that she thought her world had come to an end following her split with first boyfriend. The 'Bleeding Love' hit maker, who was in a 10-year relationship with A'n'R scout Lou Al-Chamaa until 2010, told Stylist magazine that she was not sure if she would be able to get over the breakdown of her first romance, Contactmusic reported. Bu Lewis now believes that the split has ...

Tamara Ecclestone opens up about relationship with new beau

Thu, 23 May 2013 06:50:04 -0400

Tamara Ecclestone, who started dating her new boyfriend Jay Rutland in January after being introduced by mutual friends, shocked the world by announcing that she was engaged to him just one month later. The F1 heiress told the Mirror that the couple's engagement has been very sudden and she knows that there are people who won't understand that and will read things into it. She said that, ...

Ford to close manufacturing operations in Australia slash 1200 jobs

Thu, 23 May 2013 06:30:05 -0400

Ford will close its manufacturing operations in Australia and 1200 workers will lose their jobs in October 2016. Ford Australia president and CEO Bob Graziano said that the company would shut the Geelong engine factory, costing 510 jobs, and the Broadmeadows car assembly line, shedding another 650 positions, reports News.com.au. Sacked workers have been offered a 39 million-dollar rescue ...

Group of Ministers on CBI autonomy to meet today

Thu, 23 May 2013 06:00:03 -0400

The Group of Ministers (GoM) appointed to discuss modalities for ensuring greater independence for the Central Bureau of Investigation (CBI) will meet on Thursday in Finance Minister P. Chidambaram's office. According to a television channel report, the government had set up the GoM after the Supreme Court had pulled it over the lack of functional autonomy to the CBI. The Supreme Court in its ...

Global gastronomical delights enticing foodies

Thu, 23 May 2013 04:40:02 -0400

Devil chicken with angry sauce, rigatroni au gratin washed down with grass jelly fresh milk: the capital's culinary aficionados are in for a treat with renowned food chains from around the world entering the market and setting the stage for a global food fest. Italian, Japanese, Vietnamese, Mexican, German, French, American, Greek, Thai, Chinese, Korean, Dutch, Portuguese, Ethiopian and ...

`Ageing Asia to strain worlds long-term economic growth

Thu, 23 May 2013 04:40:01 -0400

The Asia-Pacific region will continue to power global economic growth in 2013, but the region's increasing ageing population will cast a shadow on the long-term development, according to a Canadian think-tank. "Productivity gains and a large, young working-age population have done much to boost Asian economic growth over the past three decades. But Asia's demographic dividend is quickly coming ...

GM recalls nearly 20000 new Cadillac SRX SUVs

Thu, 23 May 2013 04:30:02 -0400

General Motors Corporation said it is recalling nearly 20,000 new Cadillac SRX SUVs for faulty wheel lug nuts, according to a Detroit News report. The Detroit automaker told the National Highway Traffic Safety Administration it is recalling 18,871 2013 SRX SUVs in the US and nearly 1,000 in Canada over concerns that a wheel could eventually fall off, reported Xinhua. GM has been investigating ...

Chinas manufacturing slows HSBC

Thu, 23 May 2013 04:30:01 -0400

China's manufacturing activity fell into contraction for the first time since October, a preliminary survey from the HSBC showed. The HSBC Flash Manufacturing Purchasing Managers' Index (PMI) for May fell to 49.6 in May, dropping under the boom-bust line of 50 for the first time since October, according to figures released by HSBC Thursday. Qu Hongbin, chief economist of the HSBC China, said ...

Angela Merkel tops Forbes Most Powerful Women list for third successive year

Thu, 23 May 2013 04:20:02 -0400

German chancellor Angela Merkel has been named as the most powerful woman in the world for the third successive year by business magazine Forbes. Brazilian President Dilma Rousseff was ranked second with Melinda Gates, co-chairman of the Bill and Melinda Gates foundation in third. According to the Independent, the Queen, rankedat 40, is the oldest woman on the list and has dropped 12 places ...

Cheruiyot to miss World championships for pregnancy

Thu, 23 May 2013 03:50:01 -0400

Kenya's Vivian Cheruiyot will not be able to defend her 5,000 metres and 10,000 metres titles at this year's Moscow World championships as she is expecting her first child. The runner said in a statement Wednesday that she felt it was "the right time to start a family" at the age of 29, reports Xinhua. Cheruiyot plans to return for the 2014 season and compete in the 2015 World championships in ...

Top 10 qualities of exceptional boss revealed

Thu, 23 May 2013 03:50:01 -0400

The first lesson in business is to figure out who to listen to and who not to. The Huffington Post has come up with 10 traits that show who an exceptional boss is and who is not. Accepting responsibility and hold themselves and others accountable is among the primary qualities of a good boss. Secondly, the good bosses are not full of surprises. One of the simple facts of management is that ...

Pakistan one of worlds most negative nations Poll

Thu, 23 May 2013 03:30:05 -0400

Pakistan has been viewed as one of the most negative countries in the world in a new poll. The south Asian country was ranked after Israel, North Korea in terms of how they are viewed globally. This year's annual Country Ratings Poll for the BBC World Service found that 55 percent of respondents viewed Pakistan as a negative country as compared to only 15 percent who had a mainly positive ...

Manufacturing one pair of sneakers emits 30 pounds of carbon dioxide

Thu, 23 May 2013 03:30:05 -0400

A typical pair of running shoes generates 30 pounds of carbon dioxide emissions, equivalent to keeping a 100-watt light bulb on for one week, a new MIT-led lifecycle assessment has revealed. But what's surprising to researchers isn't the size of a shoe's carbon footprint, but where the majority of that footprint comes from. The researchers found that more than two-thirds of a running shoe's ...

Global obesity epidemic linked to addiction to unhealthy food

Thu, 23 May 2013 03:30:04 -0400

Research shows that high-fructose corn syrup can cause behavioural reactions in rats similar to those produced by drugs of abuse such as cocaine. These results, presented by addiction expert Francesco Leri, Associate Professor of Neuroscience and Applied Cognitive Science at the University of Guelph, suggest food addiction could explain, at least partly, the current global obesity epidemic. ...

Gisele Bundchen crowned most powerful model in world

Thu, 23 May 2013 03:00:02 -0400

Gisele Bundchen has been named as the most powerful model in the world by Forbes magazine. The 32-year-old, who is the only model named to the magazine's newly released 2013 'World's Most Powerful Women' list, has been ranked No. 95 out of the 100 influential women including iconic entrepreneurs, CEOs, politicians and philanthropists, the Huffington post reported. Bundchen made the list last ...

Finance head Carrion to run for IOC president

Thu, 23 May 2013 02:30:01 -0400

Finance Commission head Richard Carrion has joined the race to succeed International Olympic Committee (IOC) president Jacques Rogge. The Puerto Rican will run against Thomas Bach, Ng Ser Miang and Wu Ching-kuo, who has yet to officially declare his intention to run, reports Xinhua. Carrion, 60, has no sporting background. He is chairman of a financial holding company and since 2002 has ...

5 climbers feared dead on worlds 3rd highest peak

Fri, 24 May 2013 02:30:55 -0400

KATMANDU, Nepal — A Nepalese official says five climbers are missing and feared dead on the world's third highest mountain. The five disappeared Monday on Mount Kanchenjunga, and bad weather was preventing a rescue helicopter from reaching the base camp. Mountaineering Department official Dipendra Poudel said Friday the climbers were descending from the summit when they were believed ...

Japans ANA to resume Boeing 787 flights on Sunday

Fri, 24 May 2013 02:19:13 -0400

TOKYO (AP) -- Japan's All Nippon Airways, the launch customer for Boeing's 787 "Dreamliner," will resume commercial flights of the aircraft on Sunday, just over four months after the jets were grounded due to smoldering ...

Muhammad Yunus Business is a beautiful mechanism to solve problems | Liz Ford

Fri, 24 May 2013 02:15:30 -0400

Muhammad Yunus: 'We assume human beings are one-dimensional, all they do is make money, so we've created a money-centric world.' Photograph: David Levene for the ...

Sears Corporation Offers $20 To Residents Affected By Oklahoma Tornadoes

Fri, 24 May 2013 02:15:29 -0400

In the wake of the recent tornadoes in your area, I want to extend a hand during this difficult time on behalf of Sears Holdings Corporation. We have added $20 in free points (20,000 points) to your Shop Your Way Rewards account. Please use them toward whatever supplies you need from Sears or Kmart through 5/29/2013. It's a small gesture to help our Shop Your Way Rewards members. Thank ...

Australia economy strong despite end to Ford production PM

Fri, 24 May 2013 02:10:20 -0400

SYDNEY (AFP) - Australian Prime Minister Julia Gillard moved to allay fears about the economy on Friday saying it had strong fundamentals, after US carmaker Ford announced an end to production in the country.Ford said Thursday it will stop making vehicles at its unprofitable Australian plants in 2016, prompting concern for the manufacturing industry which is struggling due to the high Australian ...

Towhey told Ford to go to rehab Source

Fri, 24 May 2013 01:32:03 -0400

Rob Ford ducks reporters asking about crack allegations Mayor Rob Ford fired his chief of staff Thursday after growing tired of Mark Towhey urging him to go to rehab, the Toronto Sun has learned. Towhey was walked out of the mayor’s office by City Hall security and at least one councillor said his firing was "football" related. But a source familiar with the situation told the ...

Cause of PC malaise Designs not compelling says Intel

Fri, 24 May 2013 01:29:40 -0400

(Credit: CNET) PC designs have been lackluster, offering no good reason to upgrade, according to an Intel executive speaking at the company's Spring Analyst Summit in London. Navin Shenoy, vice president and general manager of the Mobile Client Platform division, was responding to a question from an analyst when he said the following on ...

Sony to Sell $1.5 Billion in Corporate Bonds in Japan

Fri, 24 May 2013 01:24:00 -0400

The five-year bonds, to be issued in June, will be the first sale to retail investors in Sony's history as the company looks to widen its fundraising ...

Charleroi-based firm lands day reporting center contract

Fri, 24 May 2013 01:23:42 -0400

Fayette County commissioners awarded the contract for a day reporting center for criminal offenders to a Charleroi-based agency. Commissioners on Thursday voted unanimously to enter into a contract with Southwest Behavioral Care Inc., an affiliate corporation of Southwestern Pennsylvania Human Services ...

Ford Cliff firefighters head to Oklahoma

Fri, 24 May 2013 01:23:39 -0400

Josh Adams, one of five Ford Cliff volunteer firefighters going to Oklahoma, checks out equipment Thursday that can be used to help with clean up efforts in communities devastated by the tornado. BRIGID BEATTY I LEADER ...

Pittsburgh panel to promote diversity in business

Fri, 24 May 2013 01:23:38 -0400

That bothers a group of business executives and public officials, dubbed the Corporate Equity & Inclusion Roundtable, who said Thursday they will work to boost the metro region's dubious standing near the bottom of rankings that gauge minority employment and demographic ...

PQ to extend francisation laws to federal companies

Fri, 24 May 2013 01:21:25 -0400

QUEBEC -- The Parti Qubcois cabinet will adopt regulations to require companies operating in Quebec under federal jurisdiction to submit to francisation -- meaning they must demonstrate their employees can work in French.Premier Pauline Marois clarified the PQ position Thursday after a statement by Jean-Franois Lise, her minister in charge of improving relations with Quebec anglophones. Lise said ...

Sun Pharma falls after Taros earnings disappoint

Fri, 24 May 2013 01:19:03 -0400

Shares in Sun Pharmaceutical fell 3% after its unit Taro Pharmaceutical Industries Ltd posted a lower-than-expected January-March net profit, dealers ...

Australia economy strong Julia Gillard

Fri, 24 May 2013 01:19:00 -0400

Ford announced an end to production in the country. Ford said Thursday it will stop making vehicles at its unprofitable Australian plants in 2016, prompting concern for the manufacturing industry which is struggling due to the high Australian dollar. Gillard admitted the Ford decision to halt production and cut 1,200 jobs had made people anxious. But she said: "Even with Ford's decision ...

Taiwan April manufacturing production index down says MOEA

Fri, 24 May 2013 00:47:14 -0400

Taiwan recorded a manufacturing production index (2011 as base year) of 100.02 for April 2013, decreasing 1.32% on month and 1.18% on year, according to statistics released by the Ministry of Economic Affairs (MOEA) on May ...

Chit fund companies did not spare even sex workers in West Bengal

Fri, 24 May 2013 00:35:16 -0400

The chit fund fraudsters did not even spare sex workers in West Bengal. Trapped by the cheats to invest their hard-earned savings in ponzi schemes, thousands of sex workers in the state's red-light districts have lost crores of rupees.A majority of investments were made in the Saradha Group, which is under the scanner for defrauding lakhs of investors. According to a survey conducted by an ...

BOJ Kuroda vows to calm JGBs guide economy to recovery

Fri, 24 May 2013 00:24:26 -0400

By Leika KiharaTOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Friday expressed confidence the central bank can stem bond market volatility with flexible market operations and engineer a steady recovery in the world's third-largest economy.Kuroda said the central bank's aggressive monetary stimulus launched in April was a "necessary and sufficient" step to achieve ...

Kenya Kenyan Economy Grew By 4.6 Percent in 2012

Fri, 24 May 2013 00:22:39 -0400

Nairobi - Kenya's economy grew by 4.6 percent in 2012 compared to 4.4 percent in 2011, according to this year's economic survey report released on Thursday. Cabinet Secretary for Devolution and Planning Anne Waiguru who presided over the launch says the marginal improvement was driven by notable growth in agriculture, wholesale and retail trade, transport and communication. The ...

Kenya UNHCR Microsoft and HP to Boost Refugee Education in Dadaab

Fri, 24 May 2013 00:22:38 -0400

The UN Refugee Agency in partnership with Microsoft and HP, and with the support of the Innovation and Education units, has officially launched the Community Technology Access (CTA) project in Dadaab, a comprehensive initiative to harness the potential of ICT for the improvement of teaching and learning in the world's largest refugee settlement at the Kenya-Somalia border. Ensuring quality ...

Gillard holding summit on Ford closure

Fri, 24 May 2013 00:17:20 -0400

PRIME Minister Julia Gillard and Treasurer Wayne Swan will meet with unions and business leaders on Friday to discuss the fallout from the Ford closure. The meeting of the national panel for economic reform will be held in Sydney at 2.30pm (AEST). Ford announced on Thursday about 1200 workers would lose their jobs at its two plants in Victoria by October 2016. The company's profits have been ...

Colorado to fund export-aid program for small business

Fri, 24 May 2013 00:12:10 -0400

Small- and medium-sized Colorado businesses hoping to sell more goods in other countries will have a new opportunity to do so, after Gov. John Hickenlooper signed a bill Thursday creating an export-aid program under the Colorado Office of Economic Development and International Trade (OEDIT). House Bill 1193, sponsored by Reps. Tracy Kraft-Tharp, D-Arvada and Mike McLachlan, D-Durango, will set ...

Sea World bares all as polar bears bond

Thu, 23 May 2013 23:59:18 -0400

IT'S so cute, it's almost too much to bear. Six cameras installed in a polar bear den at Sea World amusement park on the Gold Coast are recording the magical bond developing between mother Liya and her newborn cub. Sea World marine sciences director Trevor Long says they have been monitoring the cub's progress since its birth on May 9. But he says staff have enjoyed it so much, ...

Microsoft brushes off claim Xbox Live accounts were compromised

Thu, 23 May 2013 23:51:15 -0400

IDG News Service - Microsoft brushed off a dubious hacker's claim on Thursday that he stole 47 million account credentials for Microsoft's Xbox Live gaming service. The hacker, who goes by the Twitter handle ...

World Economic Forum to kick off a Dead Sea Jordan on Friday

Thu, 23 May 2013 23:48:48 -0400

The World Economic Forum is set to kick off at the Dead Sea, Jordan, on Friday. Image courtesy of WEF. World leaders including King Abdullah of Jordan, the Palestinian President Mahmoud Abbas and U.S. Secretary of State John Kerry are set to attend this ...

Government establishes taskforce to deal with Ford workers

Thu, 23 May 2013 23:48:25 -0400

Melbourne 3000 The Victorian Government will establish a ministerial taskforce to deal with the fallout from Ford's decision to end manufacturing in Victoria. Premier Denis Napthine met Geelong community, union and industry leaders to discuss the city's future and the fate of its more than a thousand Ford workers. ...

UN investigator seeks world moratorium on killer robots

Thu, 23 May 2013 23:48:21 -0400

United States A United Nations human rights investigator has called on all countries to declare a moratorium to prevent so-called "killer robots" being deployed on the battlefield.Christof Heyns, the UN special rapporteur on executions, says unmanned robotic weapons systems with varying degrees of autonomy and deadliness are being tested or used by the United States, Britain and ...

China demand for coal stokes world market

Thu, 23 May 2013 23:47:51 -0400

A coal factory in Anhui province. The United States will pursue opportunities to increase coal exports to China, says Platts' Coal Trader International. Provided to China ...

US ITC refuses to ban Microsofts Xbox at Googles request

Thu, 23 May 2013 23:38:04 -0400

The U.S. International Trade Commission has turned down a request for a ban on Microsoft's Xbox after finding that the gaming device did not infringe a patent owned by Google's Motorola Mobility unit.The ITC's ruling Thursday has essentially confirmed an initial ruling by administrative law judge David P. Shaw in March that the Xbox did not infringe a Motorola patent relating to ...

Moodys not sure if Indian economy has bottomed out

Thu, 23 May 2013 23:30:41 -0400

A research unit of the ratings agency Moody's has said it was not sure if the Indian economy had bottomed out, and blamed the slowdown in investments on a 'disturbing antibusiness tinge' of the ...

Microsoft did not violate Google patent ITC

Thu, 23 May 2013 23:30:39 -0400

Xbox is related to the larger smartphone patent war between Apple, Microsoft and the mobile phone makers who use Google's Android software, including its subsidiary Motorola ...

Bid to end corporate tax shelters goes global

Thu, 23 May 2013 22:59:46 -0400

The issue of corporate taxation has surged to the fore during Europe’s economic crisis, with countries including Ireland and the Netherlands singled out for offering easy shelters for multinationals looking to avoid paying taxes in countries where they make the majority of their ...

China manufacturing shrinks in May

Thu, 23 May 2013 22:54:47 -0400

ry activity since October. It's a worrying sign for those concerned that a recovery in China's economy, the world's second largest, may have stalled. The flash HSBC Purchasing Managers' Index fell to 49.6 in May, slipping under the 50-point level separating expansion from contraction. Manufacturing activities in May reflected slower domestic demand and ongoing external ...

Bloomberg accused of threatening to destroy New Yorks taxi industry

Thu, 23 May 2013 22:52:42 -0400

USA New York mayor Michael Bloomberg has found himself at the center of unwanted media attention after allegedly unleashing a profanity-laced tirade against the CEO of a large taxi fleet company over his opposition to the city's "Taxi of Tomorrow" plan. The altercation, which is said to have occurred last Thursday during a basketball game at Madison Square Garden's private ...

Gillard seeks Ford help for workers

Thu, 23 May 2013 22:33:24 -0400

PRIME Minister Julia Gillard has called on Ford Australia to chip in to an assistance package to help workers and communities affected by the company's 2016 shutdown of car making. Ford announced on Thursday it would shed 1200 workers and close its factories in Victoria in October 2016. The federal and Victorian governments have pledged $50 million in assistance through two programs to help ...

Market Wrap for Thursday May 23 Wall Street Shrugs Off Global Slump

Thu, 23 May 2013 22:33:12 -0400

Thursday's trading session may have been the most glaring example of just how powerful the bull market in U.S. stocks is right now. Even though all of the major averages closed slightly lower on the day, the U.S. market was able to shrug off a global rout in stock prices that began with a 7.3 percent crash in the Nikkei. The catalyst for the sell-off in Japan centered on concerns ...

Nigeria ETF Gets Good News on Glum Day For Global Markets

Thu, 23 May 2013 22:33:11 -0400

ETFs tracking a plethora of global markets closed lower. Predictably, emerging markets sagged with the Vanguard MSCI Emerging Markets ETF ...

UQ researchers produce worldsfirst transgenic sweet sorghu...

Thu, 23 May 2013 22:24:21 -0400

Dr Anshu Raghuwanshi, a Research Fellow in UQ's School of Biological Sciences, said sorghum had advantages as a biofuel crop, but until now, tissue culture steps in the gene transfer process had proven difficult, despite international efforts in recent years. Dr Raghuwanshi leads a research team that developed the gene transfer system for sweet sorghum, within an industry-collaborative ...

Subsidy funds provided to support Chinese poultry industry

Thu, 23 May 2013 22:22:48 -0400

The Chinese central government announced on Monday to grant subsidies of 600 million yuan (96.77 million U.S. dollars)to support the poultry industry, which has suffered from the H7N9 influenza outbreak. The money will support poultry breeders nationwide. Major poultry-processing companies will receive short-term subsidized loans and local financial institutions are encouraged to offer credit ...

AIME pre-tours enhance business in Victoria

Thu, 23 May 2013 22:02:03 -0400

The Asia-Pacific Incentives & Meetings Expo (AIME) 2013 pre-tour program has been successful in garnering future business for Melbourne and regional Victoria, according to new research. AIME 2013 pre-tour attendees were surveyed and it was revealed that 83 percent of respondents plan to bring business to Melbourne and/or regional Victoria in the future; while 17 percent said they may do ...

China eyeing global appeal of local music

Thu, 23 May 2013 22:01:34 -0400

It was a privilege to work with international music legends such as The Beatles and Michael Jackson, but what kind of privilege will it be being able to continue to "work" with these great names in music history after they die? Guy Henderson is one of a few people who consider themselves honoured to have such a job. As an executive vice-president of the world's largest music ...

Hope and concerns for civilian drone industry

Thu, 23 May 2013 21:59:51 -0400

The drone base is part of a project named united airlines sci-tech industrial park co-undertaken by Taiyuan Private Economy Development Zone and Shanxi Coal Asset Management Co., ...

Anorexia nervosa sufferers to take part in worlds largest study to find genetic links

Thu, 23 May 2013 21:57:11 -0400

Brisbane 4000 Australian researchers are recruiting thousands of anorexia nervosa sufferers to try to find the genes behind the disorder.Anorexia is a clinical eating disorder that affects one in every 100 adolescent girls.But it is also increasingly being diagnosed in middle-aged women and men.The Queensland Institute of Medical Research (QIMR) will work with scientists from the US and ...

Alleged Ford crack video seller not responding to calls

Thu, 23 May 2013 21:52:46 -0400

Gawker's editor reported last week that he had seen a video of Rob Ford smoking crack cocaine. He says an attempt to purchase the video may have hit a stumbling block. (Canadian Press ...

World village festival begins Saturday

Thu, 23 May 2013 21:48:25 -0400

The annual World Village Festival is going to begin on Saturday in the Kaisaniemi Park and at the Railway Square in the capital. The Ministry for Foreign Affairs will participate in the festival with their own stand, called the Kankkula well, said a government press release. The Finnish expression, something "goes into the Kankkula well", means that something goes down the drain, ...

Wall St. bucks global slump

Thu, 23 May 2013 21:43:26 -0400

Nikkei plunged 7.3% on Thursday. Investor jitters then spilled over into Europe, where major stock indexes dived 2%. Wall Street opened deep into the red, with major indexes initially falling about 1%. The Dow Jones industrial average sunk more than 100 points shortly after the opening bell on the New York Stock Exchange. But as trading continued, investors flocked back, paring the day's ...

The Works wins Global Effie for Devils Cut

Thu, 23 May 2013 21:41:05 -0400

Independent agency The Works was overnight awarded a bronze Global Effie for its Devil’s Cut work for Jim Beam. The Sydney agency was awarded the Global Effie in partnership with US-based agency StrawberryFrog and contributing agency Jung von Matt. The Devil’s Cut campaign launched last year with a The Works created television spot (below) used in international markets including ...

RPT-Hong Kong shares to open flat Lenovo jumps after earnings

Thu, 23 May 2013 21:28:07 -0400

Thu May 23, 2013 9:28pm EDT HONG KONG May 24 (Reuters) - Hong Kong shares are set to open flat on Friday, with PC maker Lenovo Group Ltd up 4 percent to be the top percentage gainer among Hang Seng Index components, extending gains after it reported a forecast-beating quarterly profit. The Hang Seng Index was set to open flat at 22,679.36. The China Enterprises Index of the top Chinese listings ...

Hong Kong shares may start steady after weak Chinese manufacturing data

Thu, 23 May 2013 21:14:09 -0400

HONG KONG | Thu May 23, 2013 9:14pm EDT HONG KONG May 24 (Reuters) - Hong Kong shares may start steady on Friday after the release of weak Chinese manufacturing data and signs from the Federal Reserve that it is considering reducing monetary stimulus. On Thursday, the Hang Seng Index closed down 2.5 percent at 22,669.7 points, while the China Enterprises Index of the top Chinese ...

Japan stocks plunge more than 7 percent triggering falls across global markets

Thu, 23 May 2013 21:05:59 -0400

Global markets fall after weak Chinese manufacturing data and mixed messages from the Fed about when it will wind down its asset-buying ...

Farmers Guardian launches new VIP membership package

Thu, 23 May 2013 21:05:33 -0400

Read what David Fursdon who is leading Defra's Future of Farming Review had to say, as we put questions to him on the challenges facing new ...

UN expects global economy to gain momentum slowly

Thu, 23 May 2013 21:02:54 -0400

UNITED NATIONS - After a marked downturn over the past two years, the global economy is expected to gain momentum slowly for the rest of 2013 and 2014 on the back of accommodative monetary policies in developed and developing economies, a latest UN report said here ...

Hamlin takes Coca-Cola 600 pole with record lap

Thu, 23 May 2013 21:02:24 -0400

Danica Patrick looks on as crew members work on her car during practice for Sunday's NASCAR Sprint Cup series Coca-Cola 600 auto race at Charlotte Motor Speedway in Concord, N.C., Thursday, May 23, ...

2 travel companies drop Andaman tour to protest against human safaris

Thu, 23 May 2013 20:59:16 -0400

LONDON: Two global travel agencies have withdrawn tours to India's Andaman and Nicobar islands as a protest against the degrading "human safaris" to see the Jarawa tribe. Travelpickr, a global company based in Canada and India, and Spanish company Orixa Viatges have become the first operators to withdraw following UK based Survival International's call for a tourism boycott of ...

Hewlett-Packard profit down 32

Thu, 23 May 2013 20:59:06 -0400

Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations , as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent ...

In risky new tack Microsoft stacks Surface against iPad

Thu, 23 May 2013 20:52:10 -0400

(Credit: Microsoft) Microsoft's "iPad vs. Windows" campaign now includes iPad vs. Surface RT. Is Microsoft picking the right fight? On the back ...

World Briefing | Middle East Iraq Seven Soldiers Die in Two Attacks

Thu, 23 May 2013 20:48:32 -0400

Iraq on Thursday, officials said. Militants attacked an army checkpoint in the town of Taji, killing four soldiers and wounding four others, two police officers said. Another group of militants exchanged fire with military forces and pro-government Sunni militia in the western village of Karma, two other police officers said. Three soldiers were killed and 18 were wounded, including 7 Sunni ...

Are These the Best Houses In The World

Thu, 23 May 2013 20:46:14 -0400

A white box covered in Teflon-coated fiberglass fabric in the Netherlands. A Cor-Ten-clad volume cantilevering over a glass shop in Pittsburgh. A house in Tokyo composed solely of glass and small platforms of white steel. A raised concrete box in West Africa designed by two German artists. A seven-story concrete tower serving as a house and office for Chilean architects. These are a handful of ...

Worlds most famous office building launches annual photo contest

Thu, 23 May 2013 20:44:35 -0400

NEW YORK, NY - Today, the Empire State Building (ESB) launched its annual "My Empire State Building" photo contest, offering photographers of all levels the opportunity to submit images of the iconic landmark through their original and creative lens. By visiting the Empire State Building's Facebook page ...

Fed Fears Shake Global Markets but Fade on Wall St.

Thu, 23 May 2013 20:40:23 -0400

Investors are contemplating a future without support from one of the biggest engines of the global economy in recent years: the Federal Reserve. Fears that the Fed is about to reduce its stimulus helped send stock, bond and currency prices on a wild ride on Wednesday and Thursday, with Japanese stocks experiencing their worst one-day decline since the 2011 tsunami and United States ...

GLOBAL MARKETS-Asian stocks shaky Nikkei still seen vulnerable

Thu, 23 May 2013 20:29:33 -0400

Fri May 24, 2013 12:22am EDT * Nikkei down 0.6 pct, erases earlier gains * Asian stocks outside Japan dip to 1-month lows * Yen rises vs USD and euro as Nikkei trims gains By Ian Chua SYDNEY, May 24 (Reuters) - Japanese stocks turned negative on Friday and the yen reversed early losses, keeping intact worries that the Nikkei's largest one-day drop in two years may be the start of a bigger ...

World Briefing | Africa Congo U.N. Leader on Peace Mission

Thu, 23 May 2013 20:24:01 -0400

The United Nations secretary general, Ban Ki-moon, arriving just hours after a rebel group halted fighting to allow his visit to proceed, said Thursday that security must go hand in hand with development in the Democratic Republic of ...

World Briefing | Europe Ukraine Gay Pride Rally Banned

Thu, 23 May 2013 20:20:58 -0400

A Ukrainian court on Thursday banned what would have been ...

World Briefing | Asia India Power Failures Set Off Protests

Thu, 23 May 2013 20:20:00 -0400

A blistering heat wave has swept across most parts of north and western India, causing widespread electricity cuts and leading residents to protest and even attack power company officials and property. In the northern state of Uttar Pradesh, enraged citizens in Bahraich set fire to a power station, and in Gorakhpur residents held power employees captive for more than 18 hours. The police said ...

Call for crisis talks on car manufacturing

Thu, 23 May 2013 20:12:44 -0400

FORD Australia says it will contribute to a government package to assist workers who are set to lose their jobs, as unions urged the government to hold crisis talks on the future of local car manufacturing. Victorian Premier Denis Napthine says the car maker needs to outline its plan to financially help 1200 sacked workers after announcing it will cease its manufacturing operations at its ...

REFILE-S.Korea BOK Kim warns of risks from global cen banks unwinding policy

Thu, 23 May 2013 20:02:47 -0400

Fri May 24, 2013 12:39am EDT (Drops word "monthly" in 3rd paragraph) SEOUL May 24 (Reuters) - South Korea's central bank chief warned on Friday that financial markets could suffer from turmoil when the world's major central banks wind down their unconventional monetary stimulus. "(Markets) could experience turmoil not just once but several times through such a process of (the ...

Video Ford chief of staff exit not due to allegations councillors

Thu, 23 May 2013 20:02:29 -0400

Toronto city councillors are denying the sudden departure of Rob Ford's chief of staff has to do with ongoing allegations the mayor was caught on video allegedly smoking crack ...

When philanthropys part of the business model marketing takes care of itself

Thu, 23 May 2013 20:02:21 -0400

In Creole, the word "kore" means anchor, or support. When used as a greeting, it connotes respect, and can be translated roughly as "I've got your back."For a company getting ready to expand into Canada, the word represents the anchor of its marketing strategy as well. Sir Richard's is a condom brand, built on a giving model; for every condom it sells, it gives one ...

Eight Swimmers Set to Represent Israel at World Championships

Thu, 23 May 2013 20:01:22 -0400

PHOENIX, Arizona, May 23. THE Israel swimming foundation announced this week that seven men and one woman will represent the country at the FINA world championships this summer in Barcelona, Spain.College swimming fans will recognize the names of three of the swimmers on the roster. Guy Barnea (UC-Berkeley), Gal Nevo (Georgia Tech) and Nimrod Shapira Bar-Or (Arizona) have each represented their ...

Kahne embraces long races like the Coca-Cola 600

Thu, 23 May 2013 20:00:41 -0400

Kasey Kahne climbs into his car for practice for Sunday's NASCAR Sprint Cup series Coca-Cola 600 auto race at Charlotte Motor Speedway in Concord, N.C., Thursday, May 23, 2013. (AP Photo/Mike ...

FMC Technologies Snags Subsea Work for Shells Stone Field

Thu, 23 May 2013 19:59:54 -0400

Stones field development. Stones is an ultra deepwater project located in the Walker Ridge area of the Gulf of Mexico, approximately 200 miles (322 kilometers) off the Louisiana coast in approximately 9,600 feet (2,926 meters) of water. FMC Technologies' scope of supply includes eight subsea trees, a subsea manifold, topside and subsea controls and associated equipment. "Deepwater ...

State of Lagos-Ibadan Expressway affecting economy —ACN

Thu, 23 May 2013 19:59:42 -0400

The Lagos State chapter of the Action Congress of Nigeria has said the worsening state of the Lagos-Ibadan Expressway is negatively affecting the economy of Lagos. It urged the Federal Government to take a serious affirmative action to rescue the road from total ...

Committee approves tax break for film industry

Thu, 23 May 2013 19:56:46 -0400

The Senate Taxation Committee has approved a slimmed-down bill to provide up to $20 million in tax credits to film companies that come to Nevada to produce such things as movies and television shows. Committee Chairwoman Debbie Smith, D-Sparks, said companies are leaving California and looking for other locations. There are "lots of opportunities" for Nevada to lure these firms. ...

Ben Chu Why isnt a global tax on multinational profits on the agenda for G8

Thu, 23 May 2013 19:54:33 -0400

Of course, what Mr Schmidt and Google love isn't us Britons as individuals, but our money. The UK is the second-biggest advertising market for Google in the world, recording $4.9bn (3.2bn) in transactions here in 2012. But there's a truth, nonetheless, in Mr Schmidt's words. The massive UK market is more important to Google - and indeed many other multinationals - than those ...

Invest In American Manufacturing Five Charts For Your Business Decision

Thu, 23 May 2013 19:53:29 -0400

Is manufacturing a good bet in America these days? The talk about reshoring, in which companies return to the United States those operations that they had previously located in a foreign country, is spurring renewed interest in factories here. Let's roll through five key points about the outlook for ...

New Ford Campaign Counts On UEFA Soccer To Reach Europe

Thu, 23 May 2013 19:53:29 -0400

European advertising campaign this weekend tied to the "Super Bowl" of the continent's favorite sport, soccer. Ford of Europe is leveraging the hugely popular 2013 UEFA Champions League Final football match on Saturday to begin ...

ITC rules Microsofts Xbox doesnt infringe on Motorola patent

Thu, 23 May 2013 19:52:26 -0400

The U.S. International Trade Commission has decided to make final a judge’s preliminary ruling that Microsoft's Xbox console does not infringe on a Motorola patent. ...

Your say Ford Australia to close plants in 2016

Thu, 23 May 2013 19:48:15 -0400

it will close its Australian manufacturing plants in October 2016 , with the possible loss of hundreds of job.Ford president Bob Graziano said approximately 1,200 workers would lose their jobs when the Broadmeadows and Geelong plants were shut down.How will the closures affect you?Have your say ...

The ROI of business travel and its future.

Thu, 23 May 2013 19:48:13 -0400

Not too long ago, the United States Travel Association published the results of a study it had commissioned through Oxford Economics; the study proved that business travel drives revenue and ultimately profit ...

Van Gaal rejects Dutch World Cup hopes

Thu, 23 May 2013 19:46:18 -0400

Dutch name strong squad The 61-year-old even conceded that he could "count eight teams" who had a better shot at glory than the OranjeThe Netherlands currently lead Group D in Europe qualification with 18 points and can book their ticket to Brazil with a win against Estonia on June 9.But despite dreaming of hoisting the World Cup next year, Van Gaal said his thoughts remained ...

Senior Tory senator earned over $290000 in corporate fees in 2012

Thu, 23 May 2013 19:44:01 -0400

OTTAWA -- A wealthy Conservative party fundraiser named to the Senate by Stephen Harper collected more than $290,000 in directors fees on top of his Senate salary while attending dozens of corporate board meetings in 2012.Corporate filings show that Irving Gerstein, the former official agent of the Conservative Party, was listed as in attendance for at least 48 board meetings last year.Gerstein, ...

Microsoft cleared in Xbox patent spat with Google

Thu, 23 May 2013 19:40:59 -0400

The U.S. International Trade Commission on Thursday said it won't review a final ruling that found Microsoft to be in the clear of infringing on patents held by Motorola Mobility, which Google acquired last year. The ruling ...

Fidelity sells BostonCoach to Harrison Global

Thu, 23 May 2013 19:33:17 -0400

Fidelity Investments is selling BostonCoach to Harrison Global for undisclosed terms.The Waltham-based Harrison plans to maintain the BostonCoach name, the majority of its 500 drivers and other staff, and its Everett headquarters. CEO Larry Moulter, who’s led BostonCoach for the last five years, will leave the company.Fidelity Chairman Edward "Ned" C. Johnson III launched ...

Hewlett-Packard Rue21 Buckle are big movers

Thu, 23 May 2013 19:23:17 -0400

NYSEHewlett-Packard Co., up $3.63 at $24.86The computer company's second-quarter results beat Wall Street expectations. It also boosted its full-year earnings forecast.Ralph Lauren Corp., down $4.37 at $183.69The luxury company posted a 35 percent jump in its fourth-quarter profit, but economic challenges in the U.S. and abroad cut into sales.The Buckle Inc., down $1.72 at $55.42The ...

Why Ford reached end of road in Oz

Thu, 23 May 2013 19:20:16 -0400

Intense competition, a strong Australian dollar and a move away from large cars has driven the Ford Falcon off the road. Ford will cease its manufacturing operations in Australia by October 2016, with the loss of 1200 jobs - and the Falcon nameplate. An icon of Australian and New Zealand motoring since it first rolled off the Melbourne production line in 1960, the brand has fallen victim to the ...

Europe unwilling to fund USAs global defense ambition

Thu, 23 May 2013 19:18:06 -0400

In the past few years, the U.S., the NATO leader, has raised the question of the need for Europe to increase defense spending. Does Europe need to worry that much about its own security? NATO made the most recent attempt to exert pressure on the Europeans on May 6. How will European leaders ...

The act of the unconditional capitulation of Germany was signed in a suburb of Berlin on May 8 1945. The Second World War ended. Most Europeans had very little idea of what the post-war world will look like. Washington was preparing to take on a le

Thu, 23 May 2013 19:18:03 -0400

The act of the unconditional capitulation of Germany was signed in a suburb of Berlin on May 8, 1945. The Second World War ended. The Third Reich collapsed under the onslaught of the Soviet Army and Anglo-American troops that were advancing from both the East and the West. Italians, French, Germans, Poles and Belgians were celebrating the victory over fascism. Most Europeans had very little ...

Small Business Shannon Auton - OOB Organic

Thu, 23 May 2013 19:15:00 -0400

Rob and Shannon Auton of OOB. Photo / SuppliedOOB Organic icecream is taking on some big competition with considerable success in New Zealand, Australia and further afield. OOB organic ice cream is crafted in a tiny factory on the Auton's Matakana blueberry orchard. Shannon Auton: How do you pitch your icecream against the others? Premium organic ice cream and sorbet made with real food and the ...

China clears Boeing 787s for take-off

Thu, 23 May 2013 18:57:21 -0400

CHINESE regulators have approved the Boeing 787 to fly in the country, a move that opens up a large potential market to the US aerospace giant. "I can confirm that the Civil Aviation Administration of China has granted type certification for the 787 Dreamliner," a Boeing spokesman said on Thursday. Chinese airlines have yet to take delivery of the high-tech 787, which last month was ...

Exports solution for car industry Abbott

Thu, 23 May 2013 18:57:15 -0400

GREATER exports are the way forward for the local car industry, with the loss of manufacturing by Ford a "kick in the guts", Opposition Leader Tony Abbott says. Ford's announcement it will end local manufacturing operations in three years will result in the loss of 650 jobs at Broadmeadows, in northern Melbourne, while 510 will be put out of work at the company's Geelong plant. Mr ...

Dish adds Scotiabank to finance Sprint deal -sources

Thu, 23 May 2013 18:57:14 -0400

By Nicola Leske Thu May 23, 2013 6:57pm EDT May 23 (Reuters) - Dish Network Corp has added Canada's Scotiabank to the four banks it had already lined up to finance its $25.5 billion bid for Sprint Nextel Corp, according to two people familiar with the matter. Reuters reported on May 15 that Dish was working with Barclays Plc, Macquarie Group, Jefferies and the Royal Bank of Canada to help ...

Japan to host world conference on disaster risk reduction next year - UN

Thu, 23 May 2013 18:51:32 -0400

Print 23 May 2013 &#150 Japan will host the world conference slated to be held next year at which countries will adopt the successor to the current global blueprint for disaster risk reduction efforts, it was announced today at a United Nation forum on the issue that wrapped up in Geneva. The 10-year Hyogo Framework for Action (HFA) came out of the world conference held in Kobe, Hyogo, ...

Ford will help workers who lose jobs CEO

Thu, 23 May 2013 18:51:17 -0400

Ford Australia will work with governments to see how it can contribute to a transition package for workers who lose their jobs in 2016, the company's president and CEO Bob Graziano says.But Mr Graziano would not say how much Ford might contribute to the multimillion dollar government package."I want to get with the governments to understand what they are proposing and then we will come ...

My advice to Rob Ford Don’t say another word

Thu, 23 May 2013 18:50:30 -0400

Toronto Mayor Rob Ford briefly speaks to the media responding to allegations made by a U.S. website that he smokes crack cocaine, before getting into his SUV at his Etobicoke home in Toronto on Friday, May 17, 2013. (Michelle Siu For The Globe and ...

Mysterious War World II Medals turn up in Goodwill store

Thu, 23 May 2013 18:49:09 -0400

Ron Scanlon thought the shadow box sitting in a bin at a Chesterfield Goodwill store appeared a little unusual, so he took a closer look.He saw a picture of a smiling Marine surrounded by gold medals taped to a red velvet liner.One of the medals was in the shape of a star.A tattered scrap of paper told the story.The medals and picture, which were discovered Wednesday, belonged to Marine Sgt. ...

Comment Literacy key to Ford workers future

Thu, 23 May 2013 18:48:53 -0400

The announcement that Ford will close its manufacturing operations in Australia by 2016 at the cost of 1,200 jobs raises questions of what the workers' future employment options ...

Obamas booming drone business

Thu, 23 May 2013 18:47:33 -0400

President Barack Obama said Thursday that he wants to scale back the killing of terrorists with unmanned systems, but that doesn’t mean the end of drones. In the defense world, the drone business is booming.The reality is that for the foreseeable future, drones will be used more, not less, in military operations worldwide as the U.S. continues its historic shift toward use of unmanned ...

KC business owner charged in $2.8M scheme to defraud Army

Thu, 23 May 2013 18:46:08 -0400

The owner of a Kansas City office supply company has been accused of a $2.8 million scheme to defraud the U.S. Army. Virgie Dillard, 70, of Lee's Summit, the CEO of Missouri Office Systems and Supplies Inc., sold counterfeit computer equipment to the Army, according to a 12-count indictment unsealed Thursday. An employee, Roland Evans, 43, of Lee's Summit, was also charged, along with Mark ...

CEVA Logistics Names Barnett as Automotive VP for the Americas

Thu, 23 May 2013 18:43:05 -0400

has appointed Jim Barnett as vice president of its automotive division for the Americas, effective immediately.Barnett will be based in Detroit and brings nearly 20 years of supply chain management and automotive manufacturing experience to this role. He joined the supply chain company in 2009 and for the last four years served as chief operating officer of CEVA's joint venture with Anji ...

World Shares Slide Amid Weak Business Data

Thu, 23 May 2013 18:42:29 -0400

Global shares fell Thursday following the release of weak business data for China and Europe, combined with concerns that the US central bank might wind back its stimulus efforts. European shares posted the biggest falls, with the benchmark Stoxx Europe 600 down 2 per cent at 304.33 points as the trading came to an end. This came after signs that the US Federal Reserve was considering ...

U.S. Manufacturing Growth Slows a Bit in May

Thu, 23 May 2013 18:42:28 -0400

The pace of U.S. manufacturing growth in May slowed marginally from April, Markit Economics data released Tuesday indicates. It was the second consecutive month in which the pace of growth slowed, the research firm said. Markit, however, noted that the critical new orders index for manufacturers rose in the month. The figures released Thursday are considered a flash estimate and could be ...

Microsofts Interactive Xbox One Debuts

Thu, 23 May 2013 18:42:28 -0400

Microsoft thinks it has the one. The company unveiled the Xbox One, an entertainment console that promises to be the one system households will need for games, television, movies and other entertainment. It will go on sale later this year, for an undisclosed price. For the past two years, Microsoft has led the gaming industry in console sales with the Xbox 360. But it's been eight ...

FedExVoice Why Forecasting Leads To Success In Your Business

Thu, 23 May 2013 18:41:01 -0400

forecasting . The rub is that many entrepreneurs and SMB owners say they're too busy to sit down and create a forecast, which is really just a picture of what your company might look like up to a year or more into the future. Failing to take ...

Intel claims Haswell will offer 50 percent more battery life in laptops

Thu, 23 May 2013 18:38:47 -0400

IDG News Service - Intel's upcoming family of Core processors, code-named Haswell, will offer 50 percent more battery life in laptops than did their "Ivy Bridge" predecessors, Intel said on Thursday. Haswell chips were designed with laptops and tablets in mind, and the main focus was on lowering power consumption, said Rani Borkar, corporate vice president and general manager of ...

Brakes on manufacturing as Ford pulls out

Thu, 23 May 2013 18:35:59 -0400

The shock announcement yesterday that Ford will stop making vehicles in Australia comes as terrible news for the 1,200 workers affected.They will be gutted to learn that the company that has made cars in Australia since the days of the Model-T will close its factory doors from 2016.But this is not just a shock for workers in the Ford plants in Geelong and Broadmeadows, it will be hard to take for ...

ACTU calls for emergency talks on car industry after Fords decision to close Australian plants

Thu, 23 May 2013 18:35:53 -0400

The news that the Ford plants at Broadmeadows and Geelong will shut in 2016 has prompted calls for high level government and business talks, as well as an emergency boost to tariffs on imported cars.The ACTU is urging the Prime Minister, the industry and unions to convene urgent talks to draw up a survival strategy for Australia's car industry and to minimise job losses.The focus is now on ...

Star Wars Lego Model Is Worlds Largest

Thu, 23 May 2013 18:35:35 -0400

The unveiling of a massive Lego model in Times Square has brought new meaning to the saying that everything is bigger in New York City. The model of the Star Wars X-Wing Starfighter - the largest Lego model ever built - was given its public debut on Thursday. Made out of a whopping 5.3 million Lego pieces, the craft weighs in at nearly 46,000lbs and is 43 feet (13.1 metres) long. Its wingspan ...

Tesco rules out automatic big bonuses

Thu, 23 May 2013 18:35:13 -0400

Source: Tesco Tesco executives will not receive a bonus in the current financial year unless they can reverse a decline in profits at Britain's biggest supermarket operator, the company said in its annual report. The report rounds off a torrid year for the company, which announced a withdrawal from the United States and wrote down the value of its global operations by $3.5 billion due to ...

Louisiana Passes Measure To Criminalize Reporting On Gun Owners

Thu, 23 May 2013 18:34:53 -0400

(Credit: Wikimedia Commons) In the latest move by Louisiana to plow ahead with looser gun laws, the state legislature passed a measure that would criminalize journalists for publishing information about gun owners. ...

Small business driving Denvers economic rebound

Thu, 23 May 2013 18:30:19 -0400

Denver's economy continues to gain traction, with some of the strongest population, employment and home-price gains in the country, said Jeff Romine, chief economist with the Denver Office of Economic Development."Denver is the fastest-growing county in Colorado. It is really the place to be if you are starting a business," said Romine, speaking Thursday afternoon at the ...

Did FNB chief take one for the team

Thu, 23 May 2013 18:28:17 -0400

The inevitable question that follows Michael Jordaan's announcement this week that he is stepping down from his position as chief executive of FNB, is: was it about politics? But people familiar with Jordaan's decision that brought to an end one of the finest careers in South Africa banking say no, it is most certainly not the case. After 10 years at the helm of the bank that clinched ...

Solar-Powered Plane Breaks World Record for Distance

Thu, 23 May 2013 18:26:51 -0400

In today's business world, disruption is a constant force that never lets up. At the annual WIRED Business Conference: Disruptive by Design, we celebrate the creative power of bold new ideas and the people that make them happen. See the event ...

Earnings Results Pandora gets lift on strong sales outlook

Thu, 23 May 2013 18:23:43 -0400

SAN FRANCISCO (MarketWatch) -- Shares of Pandora Media Inc. surged in after-hours trading Thursday after the online-radio company reported better-than-expected sales for the first quarter, with big gains in revenue from mobile ...

Hewlett-Packard shares soar 17 after earnings

Thu, 23 May 2013 18:23:40 -0400

Marathon Patent Group's Wholly Owned Subsidiary, Sampo IP, Files Patent Infringement Lawsuit Against Starbucks Corporation, E*Trade Financial, Hewlett-Packard Company, and ...

Linda Stone on Maintaining Focus in a Maddeningly Distractive World

Thu, 23 May 2013 18:22:31 -0400

a Q-and-A I did with Linda Stone, coiner of the term "continuous partial attention," on how to maintain sanity and focus in an insane and unfocused world. Here is the promised extended-play bonus version, beyond what we could work into two pages of the ...

Sensex crashes 400 pts free fall for global mkts

Thu, 23 May 2013 18:17:36 -0400

Rupee Breaches 56 to Dollar SBI was hit by an 18.5% fall in its fourth quarter net profit. Globally, the fall was preceded by data that showed China's purchase manager's index had shrunk to 49.6 in May from 50.4 in April. A reading below 50 indicates economic contraction. Markets were also spooked by US Fed Chairman Ben Bernanke's comments a day earlier that the agency's ...

Ford to retire Falcon when Australia plant closes in 2016

Thu, 23 May 2013 18:17:27 -0400

Ford Motor Co. will shed 1,200 jobs when it ends auto manufacturing in Australia in 2016, but ...

Ford exit fuels wider worries

Thu, 23 May 2013 18:17:18 -0400

Fears are mounting the national economy is fracturing after iconic manufacturer Ford announced it would stop building cars at its Australian plants and sack 1200 workers.On top of poor signs about the strength of the Chinese manufacturing sector, there are growing concerns every corner of the Australian economy is now at risk.Ford has shed almost 700 jobs over the past two years as costs rose and ...

Pandora Stock Rises On Strong Earnings Report

Thu, 23 May 2013 18:16:29 -0400

Traders on the floor of the New York Stock Exchange walk wear an insignia for Pandora Media Inc., the online-radio company, on its first day of trading as a public company on June 15, 2011 in New York City. (Spencer Platt/Getty ...

Talking Japan the U.S. and the economy at the Duquesne Club

Thu, 23 May 2013 18:15:16 -0400

Matthew Goodman, William E. Simon Chair of Political Economy at the Center for Strategic and International Studies, discusses the economies of the U.S., Japan and China at the Duquesne Club. To frame his discussion about the economies of the United States, Japan and China, Matthew Goodman from the Center for Strategic and International Studies noted that on Thursday morning U.S. media were ...

Pizza delivery to U.S. service members in Afghanistan dubbed largest

Thu, 23 May 2013 18:12:31 -0400

Mark Evans , a retired Air Force master sergeant and founder of nonprofit group Pizza 4 Patriots, said Guinness officials notified him that last summer's massive pizza delivery to U.S. service members in Kandahar, Bagram and Camp Bastion was officially the world's largest pizza delivery, ABC News reported Thursday. Evans said he is "completely pleased and overwhelmed" by the ...

Archaeologists in Mexico discover thousands of ancient cave paintings

Thu, 23 May 2013 18:12:25 -0400

Archaeologists are reporting the discovery of nearly 5,000 cave paintings at 11 different sites in Mexico, likely created by early hunter-gatherers. The red, white, black and yellow images discovered near Burgos in eastern central Mexico depict humans engaged in hunting, fishing and gathering, and animals such as deer, lizards and centipedes. The paintings are as yet undated but archaeologists ...

Africa Tempts High-Tech Companies

Thu, 23 May 2013 17:39:45 -0400

Multinational high-tech companies looking for new frontiers and fresh ideas are lining up for a slice of Africa’s relatively untapped consumer market. Many experts are saying the continent is poised to be the next hotbed of technological innovation. Others are even more ...

Govt supports car industry says Bradbury

Thu, 23 May 2013 17:37:46 -0400

The federal government is committed to continuing its support for the car industry despite Ford's decision to cease operations in Australia, Assistant Treasurer David Bradbury says.Ford Australia will cease its manufacturing operations at its Broadmeadow and Geelong plants in October 2016, after making after-tax losses of $141 million in the past financial year, and a $600 million loss over ...

As Ford quits Australia a challenge for Canada

Thu, 23 May 2013 17:36:55 -0400

Ford Motor Co.'s decision to pull the plug on its Australian auto-making operations highlights the struggles of that country's manufacturing sector in the face of a currency bloated to the point of uncompetitiveness by its excessive exposure to commodity ...

The unanswered question after earnings Will HPs bets pay off

Thu, 23 May 2013 17:36:39 -0400

Hewlett-Packard is way up. Is its salvation at hand? Hewlett-Packard Co.'s earnings yesterday weren't great, but the stock price closed up more than 17 percent at $24.86 today. A deeper dive into the financials reveals the reason why: While revenue is slipping in basically every category besides printers, HP has slashed its expenditures, increased its cash flow, paid down debt, and has ...

Ford jobs couldnt be saved Vic Premier

Thu, 23 May 2013 17:34:43 -0400

The Victorian government was told there was nothing they could do to change the mind of Ford executives and save 1200 manufacturing jobs, Premier Denis Napthine says.Dr Napthine met with Ford representatives on Wednesday and was told government intervention would not change the mind of Ford."They said it's simply a matter of the cost of production here versus the declining market for ...

TSX Ends Lower On Global Cues China Data - Canadian Commentary

Thu, 23 May 2013 17:34:27 -0400

markets after some weak manufacturing data out of China, and the U.S. Federal Reserve's stand on its monetary policy. Global markets roiled after Japan's Nikkei plunged to its lowest since the devastating earthquake and tsunami hit the island nation about two years ago.Japan's Nikkei index plummeted 7.3 percent, attributed largely to a spike in 10-year government bond yields which ...

S Korean economy to post 3.6 expansion in 2014

Thu, 23 May 2013 17:31:15 -0400

(MENAFN) The Korea Development Institute (KDI) stated that the country's economy is projected to grow 3.6 percent next year, driven by a recovery in exports and domestic demand, reported Xinhua News.The state-run thank tank added that exports, which make up almost half of Asia's fourth-largest economy, are expected to rise 8.4 percent in 2014.Meanwhile, private consumption is expected ...

HP Q2 earnings down 32 to USD1.1b

Thu, 23 May 2013 17:31:11 -0400

(MENAFN) Hewlett-Packard Co. (HP) CEO, Meg Whitman, announced that the PC maker's earnings during the second quarter dropped by 32 percent to USD1.1 billion from USD1.6 billion a year earlier, reported AP.However, the earnings results exceeded forecasts of the management and the analysts, due to Whitman's plan to reduce costs, overhaul the product line, and to focus on more profitable ...

Rimfire Pacific Mining completes diamond and reverse circulation drilling at NSW gold project

Thu, 23 May 2013 17:31:10 -0400

(MENAFN - ProactiveInvestors - Australia) Rimfire Pacific Mining (ASX: RIM) has completed diamond and reverse circulation drilling at its Sorpresa gold project in New South Wales with mineralisation encountered in most holes.All five of the diamond holes intersected mineralisation with some geological consistency noted, indicating the mineralised system is likely continuous and large scale.Core ...

Russian Premier Urges Industry to Supply Superior Weapons

Thu, 23 May 2013 17:31:03 -0400

(MENAFN - Qatar News Agency) Russia's Prime Minister Dmitry Medvedev called on the country's defence industry on Wednesday to provide the military with state-of-the-art weapons superior to their Western analogs. "It is essential to offer weapons which are superior to our world counterparts, and pay special attention to strengthening cooperation, primarily with our partners in the ...

Singapores economy grows 0.2 in Q1

Thu, 23 May 2013 17:31:00 -0400

(MENAFN) Singapore's Ministry of Trade and Industry (MTI) announced that the city-state's economy expanded in the first quarter by 0.2 percent from a year before, reported Xinhua News.The figure is revised from the 0.6-percent decline estimated previously in April.Furthermore, it's compared with a growth of 1.5 percent recorded in last year's fourth quarter.On quarterly basis, ...