Reuters - Enbridge Inc's 6A pipeline, the biggest of three key arteries that deliver most of Canada's crude oil exports to the United States, is still leaking oil in Illinois more than 24 hours after the spill that forced its closure was reported.
NEW DELHI: Industrial output nearly doubled to 13.8 per cent in July, dispelling fears of a dip in demand and giving an impetus to achieving 8.5 per cent economic growth this fiscal.
The shortage of unskilled labour in the automotive sector is reaching a critical level as the industry will need 250,000 more workers over the next three years to serve the national growth target, says Wallop Tiasiri, director of the Thailand Automotive Institute.
Reuters - The Dow and S&P 500 were on track on Friday to close the week with a seventh gain in the last eight sessions, a period that has seen investors worst fears about the economy start to dissipate.
Reuters - U.S. biotech company Genzyme Corp has begun laying off an unspecified number of employees, a move it said was unrelated to Sanofi-Aventis SA's takeover bid.
Reuters - A leading U.S. banking group is urging Basel Committee negotiators working on new international capital standards to ditch part of their proposal.
U.S. News & World Report - While the nation's real estate crash has been a nightmare for homeowners, it has created some outstanding opportunities for would-be buyers. Home prices in 20 major cities dropped 33 percent from the summer of 2006 to the spring of 2009--and in certain markets, the plunge was even steeper. At the same time, the federal government's efforts to revive the housing market have helped drive financing costs to record lows. Thirty-year fixed mortgage rates fell to an average of 4.32 percent for the week ending September 2. That's the lowest level in nearly 40 years of record-keeping. ...
Reuters - Google Inc's Android software will become the world's second most popular operating system for cell phones this year, leapfrogging rival offerings from Microsoft Corp, Research in Motion and Apple Inc, according to a new report.
Reuters - At least four people died after a gas line explosion and fire razed 38 homes in a San Francisco suburb, and officials expected the death toll to rise on Friday as firefighters search the wreckage.
HealthDay - FRIDAY, Sept. 10 (HealthDay News) -- The U.S. Food and Drug
Administration may soon approve genetically modified salmon for humans to
eat, a prospect that is raising concern among some consumer advocates who
consider the fish a threat to both health and the environment.
SPACE.com - An unmanned Russian cargo ship launched into orbit Friday
after a two-day delay on a mission to deliver fresh food and other supplies to
the International Space Station crew.
SPACE.com - To
the ancient Greeks the moon was
an object of reverent admiration, but even today Earth's nearest
neighbors
pulls on the heartstrings of skywatchers.
AP - A key U.S. government official said Friday the moratorium on deepwater oil drilling likely won't be extended past Nov. 30, but whether it is cut short will be entirely up to the industry.
LiveScience.com - The dread and fear that can come with a cancer diagnosis have their
roots in its killer nature: It's the No. 2 cause of death in Americans,
second only to heart disease, according to the Centers for Disease
Control and Prevention. Even when diagnosed early and attacked with the
latest treatments, it still has the power to kill.
ELKO -- The Nevada mining industry's net proceeds tax payments have soared to about $123 million for 2010, up from $97.5 million in 2009 and $91.8 million in 2008.
Reuters - The U.S. government said it was resuming work on controversial human embryonic stem cell research on Friday after an appeals court ruled in its favor.
AP - The government said Friday it's back in the business of funding embryonic stem cell research — at least for now — after an appeals court temporarily lifted a judge's ban.
India's industrial output in July surged by a forecast-busting 13.8 percent, data showed Friday, raising chances of further monetary tightening as early as next week to curb stubbornly high inflation.
AP - The oil and natural gas industry is willing to cooperate with a federal study of natural gas drilling, but opposes regulation of a practice known as hydraulic fracturing.
The oil and natural gas industry is willing to cooperate with a federal study of natural gas drilling, but opposes regulation of a practice known as hydraulic fracturing.
Reuters - Michael Barr, assistant treasury secretary for financial institutions, and Edward DeMarco, acting director of the Federal Housing Finance Agency will testify on Capitol Hill next week on the future of Fannie Mae and Freddie Mac .
AP - The Greek government pledged Friday to radically overhaul loss-making state rail company OSE, as official data showed efforts to cut the country's bloated budget deficit remained on track, if slightly asthmatic.
AFP - US President Barack Obama on Friday named Austan Goolsbee, an economics professor currently working in his administration, to chair the Council of Economic Advisors (CEA).
A 'malicious' smear campaign by certain sections of the Nepali media against Dabur would hamper investment plans of Indian companies and result in foreign direct investment being diverted away from that country, a leading industry body said here Friday.
Reuters - Nokia has hired Stephen Elop, a Canadian Microsoft executive with Silicon Valley credentials, to replace its embattled chief executive and renew its drive to compete with Apple.
A woman who had just been suspended from her job in a Kraft Foods factory in Philadelphia, returned with a gun and opened fire, killing two people and injuring a third.
Husky Series HMG-448GE-CD Industrial Extended Temperature, 8-port Full Gigabit Managed Ethernet Switch supports four 10/100/1,000T Ethernet ports and 4 small form pluggable ports that support dual mode and digital monitoring interface. Unit provides self-recovery in under 10 msec on full load, allowing establishment of redundant Ethernet network. Its terminal block offers 12-48 Vdc and 18-30 Vac ...
LONDON (SHARECAST) - Factory gate inflation dropped to a six-month low in August as oil prices fell back. The Office for National Statistics reported producer prices grew by 4.7% last month from 5% in July. Market predictions had been for an annual rise of 4.8%.
BusinessWeek - Brigham Young University's Marriott School of Management (Marriott Full-Time MBA Profile) offers students more than a rigorous business education. Students at the school, owned by the Church of Jesus Christ of Latter-day Saints, are required to abide by a strict honor code, based on the tenets of the Mormon religion. The code includes rules against academic dishonesty and requires students to "live a chaste and virtuous life." It also prohibits drugs, alcohol, and coffee -- even at home. ...
The nation’s hotel industry, already struggling to pull out of its worst slump in decades, is now suffering from another loss in revenue because of the booming popularity of cell phones and laptop computers. In the past, hotel operators could expect to collect extra money by charging guests for in-room phone calls and on-demand movies. Share But today most guests check into a hotel packing cell ...
India's industrial output in July surged by a forecast-busting 13.8 percent, data showed Friday, boosting chances of further interest rate hikes to curb the country's stubbornly high inflation.
Fiat Industrial SpA , the unit that will be spun off from Fiat SpA by the end of the year, will have a board with a majority of members who aren’t Fiat executives, company documents show.
AP - It may take a while yet to phase out the special credit support that was given to banks in the wake of the financial crisis, the European Central Bank's president has said.
Italian industrial output rose less than economists forecast in July as domestic demand remained weak during the country’s export -led economic recovery.
India's July factory output figures were better than expected and there is a good case for the govt to increase its economic growth target for the current fiscal year, deputy head of the Planning Commission Montek Ahluwalia said.
AP - Toyota will build a 300 million Australian dollars ($277 million) plant in Melbourne that will produce greener engines that deliver reduced carbon emissions, the company said Friday.