Bailed-out Lloyds bank posts H1 loss of 3.1 billion pounds ($5.3 billion) on bad loansLONDON — Lloyds Banking Group PLC, part owned by the British government after a bailout, on Wednesday reported a loss of 3.1 billion pounds ($5.3 billion) for the first half of the year as bad loans rose at HBOS, the bank it took over in January. Bubble Wrap maker Sealed Air’s 2nd-qtr profit down slightly despite big drop in revenueNEW YORK — Sealed Air Corp., which makes Bubble Wrap and other packaging products, said Wednesday its second-quarter profit slipped 3 percent as sharply lower sales plus a strong dollar offset the effect of cheaper raw materials. Dodd boasts about angering lobbyists but cashes in with their campaign checksWASHINGTON — Facing the toughest re-election fight of his nearly 30 years in the Senate, Sen. Christopher Dodd boasts about snubbing lobbyists. Roche says half-year profit down 29 percent with Genentech buy, but boosted by TamifluGENEVA — Pharmaceuticals maker Roche Holding AG on Thursday posted a 29 percent drop in six-month net profit because of costs related to the takeover of California-based Genentech. However, sales were strong, helped by the popularity of antiviral Tamiflu in the face of the swine flu pandemic. Car horns to warn against natural disastersWASHINGTON - Japanese scientists have applied for a patent of a technology that allows the horns of parked cars to be activated in case of a natural disaster. Notre Dame and Army to play 1st football game at new Yankee Stadium in November 2010NEW YORK — Charlie Weis remembered when he met with George Steinbrenner at Legends Field during spring training two years ago. THE INFLUENCE GAME: Amid looming lockout threat, NFL players hope for victory on Capitol HillWASHINGTON — Pro football players swept across Capitol Hill on Wednesday and asked lawmakers to take a tough look at owners’ profits as the two sides prepare to decide how to divide their big pot of TV money and other revenues. Global Inc. may get larger share of Indian defence pieNEW DELHI - India is expected to issue by the end of this year a notification to increase foreign equity in defence production to 49 percent from the current 26 percent, a senior official said. Infosys braces for lower growth till mid-2010
Delhi Police allocated Rs.8.43 bn moreNEW DELHI - Finance Minister Pranab Mukherjee Monday allocated Rs.30.41 billion to Delhi Police, an increase of Rs.8.43 billion from last year. A total of Rs.400 million has been earmarked for developing traffic and communication network in the national capital region. India to give 240-mn dollars for South Asian UniversityNEW DELHI - The Union Cabinet today approved payment of India’s contribution of 239.930 million dollars to the South Asian University, which is around 79 percent of the total cost of the full establishment of the University until 2014. London mayor: 2012 Olympic stadium could stay at 80,000 and host World Cup, not be scaled backLONDON — The main stadium for the 2012 London Olympics might not be downsized after the games because of England’s bid for the 2018 World Cup. Russia’s Gazprom close to gas deals with AzerbaijanMOSCOW — Gazprom, the world’s largest natural gas producer, said Friday it hoped to sign key deals in Azerbaijan next week, raising the possibility that Russia will secure Azeri gas to feed pipelines to Europe. Heroes’ welcome in Pyongyang for World Cup-bound North Korean soccer teamSEOUL, South Korea — North Korea’s soccer team returned home Saturday to a rousing heroes’ welcome, complete with a brass band and bouquets, after securing a spot in the World Cup for the first time in more than 40 years. ProLogis closes on $347 million in secured loans with life insurance firmsDENVER — Distribution-facility owner ProLogis said Thursday it has closed on three secured loans totaling $347 million that it will use to pay off other corporate debt. Order! Order! Ex-top diplomat, young Sikh join tussle to be elected Britain’s next speakerLONDON — British lawmakers are jostling over the best seat in the House. NATO to scale down Kosovo force, German defense minister saysBRUSSELS — NATO’s peacekeeping force in Kosovo will be cut by a third in keeping with the improving security situation in that newly independent nation, the alliance said Thursday. Clorox boosts dividend payment 9 percent to 50 cents, confirms fiscal 2010 outlookNEW YORK — Clorox Co., the maker of bleach and other household products, said Thursday that it boosted its dividend 9 percent to 50 cents per share and is on track to deliver financial results for fiscal 2010 in line with previous guidance. Bomb strikes minibus in Shiite area in Baghdad, killing at least 7 people, Iraqi officials sayBAGHDAD — A bomb tore through a minibus during morning rush hour Monday in a mainly Shiite area in Baghdad, killing at least seven people and wounding 24, Iraqi officials said. Bundesbank: German economy will stagnate in 2010 after 6.2 percent plunge this yearFRANKFURT — Germany’s economy will shrink by 6.2 percent this year and stagnate in 2010, the country’s central bank said Friday, delivering a forecast more pessimistic than the government’s. Harvard to create visiting professorship in lesbian, gay, bisexual studies with $1.5M giftBOSTON — Harvard University is creating a visiting professorship in lesbian, gay, bisexual and transgender studies with a $1.5 million gift from the Harvard Gay and Lesbian Caucus. ARSHIYAS MUMBAI FTWZ RECEIVES NOTIFICATIONMarks first of the FTWZs to be operational in India
Mumbai, May 11th, 2009 – Arshiya International Ltd. a global Supply Chain and Logistics Infrastructure Solutions Company announced that it has received formal notification by the Ministry of Commerce and Industries where it’s Free Trade Warehousing Zone at Panvel near Mumbai has been gazetted as deemed foreign territory. Hockey units unhappy at IOA’s merger initiativeCHENNAI - The Indian Olympic Association’s (IOA) reported attempt to merge the two national hockey governing bodies - the Indian Hockey Federation (men) and the Indian Women’s Hockey Association (IWHF) - has raised hackles in some quarters. Desert Party out indefinitely with a bone chip in his left front ankleLOUISVILLE, Ky. — Kentucky Derby also-ran Desert Party will have surgery for a bone chip in his left front ankle and is sidelined indefinitely. Governing body FIA increases voluntary F1 cap for 2010 to $59 million; 26 teams on gridPARIS — Formula One’s governing body raised a voluntary budget cap to $59 million Thursday, banned refueling during races and opened the starting grid to an additional three teams starting in 2010. ADB triples capital to $165B to respond to crisis, boost poverty reduction effortsMANILA, Philippines — The Asian Development Bank said Thursday it is tripling its capital to $165 billion to provide the resources needed to respond to the global economic crisis and push its long-term goal of cutting poverty in the region. Sen. Specter switching parties, plans to carry Democratic banner after decades as RepublicanWASHINGTON — Veteran Republican Sen. Arlen Specter of Pennsylvania abruptly switched parties Tuesday, a move intended to boost his re-election chances that also pushed Democrats within one seat of a 60-vote filibuster-resistant majority. NTT DoCoMo’s annual net profit falls 3.9 percent on weak handset salesTOKYO — NTT DoCoMo Inc., Japan’s top mobile phone carrier, said Tuesday its annual net profit slipped 3.9 percent to 471.9 billion yen ($4.9 billion) as the recession hit sales of handsets. United Auto Workers leaders recommend approval of concessions to keep Chrysler from bankruptcySTERLING HEIGHTS, Mich. — The United Auto Workers union will own 55 percent of a restructured Chrysler LLC and its retiree health care trust will get a seat on the board if union members vote to approve contract concessions this week. Swine flu threat could deepen US recession; food and travel stocks fall sharplyWASHINGTON — The U.S. economy, which was showing tentative early signs of a recovery, faces a potentially grave new threat: swine flu. A widespread outbreak could batter the tourism, food and transportation industries in particular, deepening the recession in the U.S. and possibly worldwide. |
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BANGALORE - India’s IT bellwether Infosys Technology is bracing for a flat to lower revenue growth till recovery takes place by mid-2010, a top company official said Friday.
