Small business owners drop prices and in turn build relationships during recessionNEW YORK — For many small business owners, the recession can have an upside in giving them opportunities to strengthen their relationships with customers. Decontrol petrol and diesel prices, says Economic SurveyNEW DELHI - India’s Economic Survey for 2008-09 tabled in parliament Thursday has called for decontrolling petrol and diesel prices at the earliest even as the opposition protested the fuel price hike announced a day earlier. Russian police say corruption reporter dies after fall _ colleagues say he was attackedROSTOV-ON-DON, Russia — A local corruption reporter in Russia died of head injuries on Monday in what police said Tuesday was a drunken fall. Colleagues, on the other hand, are sure it was a revenge attack for muckraking journalism. Summer selling season looks like a washout as rainy weather, economic woes chill salesNEW YORK — As consumers get ready to celebrate July Fourth, many merchants already have dismissed summer as a washout. Senate comes under pressure from Obama to follow House’s lead and pass climate change billWASHINGTON — Hailing the House, President Barack Obama put pressure on senators Saturday to follow its lead and pass legislation to limit greenhouse gas emissions, helping usher the U.S. into a new age of energy efficiency. Strong market injects mutual funds with double digit returns; large-cap growth jumps 15.2 pctNEW YORK — Wall Street’s spring rally has allowed many mutual funds to score an achievement that has eluded them throughout the credit crisis and recession: a winning quarter. Sand can behave like waterWASHINGTON - A new study by researchers at the University of Chicago has shown that sand can behave like water, in the sense that both share similar properties. Sources say former US cybersecurity chief is top candidate to head Internet oversight agencyNEW YORK — Rod Beckstrom, the former U.S. cybersecurity chief who resigned in March amid persistent turf battles, is the leading candidate to run an international organization with oversight of the monikers behind every Web site and e-mail address, The Associated Press has learned. Energy prices fall with gasoline supplies surging; Fed says inflation under controlNEW YORK — Energy prices fell Wednesday after the government reported that unused gasoline in storage grew for the third-straight week, another signal that consumer demand for energy is waning. Lehman can investigate Barclays to see whether broker-dealer sale was ‘too good of a deal’NEW YORK — A bankruptcy judge says Lehman Brothers can investigate whether Barclays got “too good of a deal” when it bought Lehman’s broker-dealer unit last fall. Feeling the pinch, desperate Maine lobstermen sell along roads, in garages, on CraigslistSCARBOROUGH, Maine — Lobsterman Greg Turner keeps a sandwich-board sign at the end of his driveway that advertises fresh lobster for sale from his garage, an attempt to claw for a few extra dollars by reaching buyers directly. Careful planning, rope helped NYT reporter escape Taliban captivityNEW YORK - An Afghan journalist who was held captive by the Taliban for more than seven months along with a New York Times reporter has revealed details of their night time escape. More than a third of men still think housework is women’s jobLONDON - More than a third of men still believe that housework is a job for the ladies, a new study has found. Obama talks of ‘hole’ in his heart from absent father, implores America’s dads to do betterWASHINGTON — Growing up without a father left a hole in his heart, President Barack Obama told boys at the White House Friday in a remarkably personal Father’s Day weekend message. He implored fathers everywhere — and the kids when they’re older — to be involved in the lives of their own children. Schapiro says SEC targeting director elections, mutual fund oversight, in line with Obama planWASHINGTON — Making it easier for shareholders to seat directors on company boards, restricting short-selling in down markets, strengthening oversight of mutual funds, and tightening scrutiny and standards for investment advisers are among the pro-investor initiatives being undertaken by the Securities and Exchange Commission, the agency’s chairman said Thursday. Analysis: Obama’s popularity may be threatened by federal deficit now approaching $2 trillionWASHINGTON — The solid armor of President Barack Obama’s popularity may have a crack — a nearly $2 trillion-sized one. Government financial regulation shows historical swings between tightening and easingWASHINGTON — The pendulum of government regulation is swinging in a new direction. Drugmaker Sanofi-Aventis to donate 100 million pandemic flu vaccine doses for poor countriesTRENTON, N.J. — French drugmaker Sanofi-Aventis plans to donate millions of doses of swine flu vaccine to the World Health Organization for use in poor countries, Chief Executive Christopher Viehbacher said Wednesday. Stocks signal flat open ahead of reports on inflation, trade; Traders eye financial regulationNEW YORK — Investors are finding more reason for caution as questions linger over how quickly the economy can bounce back. New OECD report says global agricultural prices to remain high, possibly volatilePARIS — Prices for agricultural commodities are likely to remain higher than over the past decade due to the biofuel industry’s growing use of feedstock and renewed food demand in developing nations, an OECD report said Wednesday. Thousands on both sides of disputed election rally again in streets of Iran’s capitalTEHRAN, Iran — Thousands of pro-reform protesters marched Tuesday in a second straight day of large street demonstrations in the Iranian capital, defying the government after the clerical regime said it would recount some disputed ballots from the presidential election. AP INTERVIEW: HHS Sec. Sebelius says insurers won’t prevail in blocking public health planWASHINGTON — The insurance lobby won’t be able to block a public health plan because most Americans realize they would be better off if the industry had competition, Health and Human Services Secretary Kathleen Sebelius said Tuesday as congressional committees worked to shape legislation. Nepal gives world its first Rajbanshi GitaKATHMANDU - It is available in languages as diverse as Hebrew and Hungarian. Now the Bhagvad Gita - a scriptural classic that provides the essence of Hindu philosophy - has been rendered in an ancient tribal language still spoken in India, Nepal and Bangladesh. Union official: US Steel to recall about 800 laid-off workers at Canada plant this summerPITTSBURGH — United States Steel Corp. plans to recall about 800 laid-off workers at a plant in Canada this summer, partly to avoid possible severance payments required under a provincial law, a union representative said Monday. World stocks fall, taking breather from rally, as global recovery prospects mulledTOKYO — World stocks retreated Monday as investors assessed whether recent signs of improvement in the recession-hit global economy justify the enormous rally in markets since March. Hospitals, others, oppose Obama’s plan to reduce Medicare and Medicaid spendingWASHINGTON — President Barack Obama said Saturday he wants to help pay for his health care overhaul by slowing Medicare and Medicaid spending, but hospitals, medical technicians and others are resisting. US sends envoy to NepalKATHMANDU - The new Barack Obama government sent its first envoy to Nepal Friday with US Assistant Secretary for South and Central Asian Affairs Robert O. Blake arriving here for consultations with the republic’s key political players. Judge lets Chrysler sever ties with 789 dealers while Fiat deal hinges on Supreme CourtNEW YORK — A bankruptcy judge on Tuesday approved Chrysler’s plan to terminate 789 of its dealer franchises, while the automaker’s plan to partner with Italy’s Fiat hinged on action by the Supreme Court and both automakers warned that the deal could fall apart if it’s not completed soon. MLB, NHL, NBA say adverse ruling in Coyotes case would set dangerous precedentPHOENIX — The other three major professional sports leagues warned in a court document Friday that a ruling against the NHL in its attempt to block the sale and move of the Phoenix Coyotes would set a dangerous precedent. Bond yields slide as weak economic data sends stocks lower, boosts demand for TreasurysNEW YORK — Treasury prices recovered Wednesday as stock investors reined in their enthusiasm about the U.S. economy. |
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