MGM Mirage ends debt exchange offer because not enough holders accept the dealLAS VEGAS — Casino operator MGM Mirage said Thursday that it has ended a debt exchange offer because not enough debt holders accepted the deal. Chinese factories face labor crunch but experts say it’s not necessarily sign of full recoveryXINTANG, China — During the first half of this year, Yang Zongfu’s blue jean factory had few customers. Now, as his business picks up, he can’t find enough workers. PetroChina to take 60 percent stake in Athabasca Oil Sands for $1.7 billionTORONTO — PetroChina Co., Asia’s largest oil and gas company, is making a $1.7 billion investment in the Canadian oil sands. Controversial cervical cancer vaccine more suggestion than mandate for schoolgirls in Va., DCRICHMOND, Va. — Only Virginia and the District of Columbia have moved toward requiring sixth-grade girls to get vaccinated for a potentially cancerous sexually transmitted disease, three years after federal health officials recommended the shots. PM to lay foundation stone for Andra power equipment plantHYDERABAD - Prime Minister Manmohan Singh will Sep 6 lay the foundation stone for the Rs.60 billion (Rs.6,000 crore) mega project to manufacture power plant equipment in Andhra Pradesh’s Chittoor district. UAE to host alternative energy conferenceDUBAI - The United Arab Emirates (UAE) will host the Alternative Energy Convention in October this year, WAM news agency reported. Asarco awaits bankruptcy court recommendation to determine future of AZ copper minerDENVER — A court will soon decide if Asarco LLC, the nation’s third-largest copper producer, will leave bankruptcy protection and return to Grupo Mexico’s control or be sold to India’s Sterlite Industries. EU to begin phasing out traditional lightbulbs to help curb climate changeBRUSSELS — The EU will start making the transition from power-draining lightbulbs to more energy efficient ones Tuesday, the European Commission said. EU to begin phase out of traditional light bulbs to help curb climate changeBRUSSELS — An EU-wide transition of power-draining light bulbs to more energy efficient ones will start Tuesday, the European Commission said. Disney to get Spider-Man, Iron Man and other Marvel characters in $4 billion dealLOS ANGELES — The Walt Disney Co. is buying Marvel Entertainment Inc. for $4 billion in cash and stock, bringing such characters as Iron Man and Spider-Man into the family of Mickey Mouse and WALL-E. Jharkhand bureaucrat under CBI scanner for Rs.1.3 bn scamNEW DELHI/RANCHI - A senior civil servant of Jharkhand is under the Central Bureau of Investigation (CBI) scanner for his alleged involvement in a Rs.1.3 billion scam in the state’s health department. Stocks tumble after big drop in Asia, caution grows among investors on last day of AugustNEW YORK — The stock market was poised to end August with a sharp drop as worries about the world economy reappeared. Reliance Industries reluctant to share records: AuditorNEW DELHI - India’s official auditor has said that Mukesh Ambani’s Reliance Industries is reluctant to share information about its books of accounts for an audit of the Krishna-Godavari gas fields, and has called for clarity on the issue of access. Come to Australia, it’s safe: Australian deputy PMNEW DELHI - Allaying fears that Australia is a racist country, Deputy Prime Minister Julia Gillard Monday reassured the Indian student community of her country’s safety record and appealed to them to come and study there. Textiles export to US to go up by $1.5 bn: MaranNEW YORK - India’s exports to the US can increase by $1.5-billion if it made an effort to bail out the ailing textiles sector, according to Textiles Minister Dayanidhi Maran, now on an official visit to the US. NMDC to sell limestone to steel companiesSHIMLA - Steel Minister Virbhadra Singh Monday said the National Mining Development Corporation (NMDC) will sign Memorandums of Understanding (MoUs) with steel companies to sell limestone mined in Himachal Pradesh. WTO: Brazil can put $295 million in annual sanctions on US goods because of cotton subsidiesGENEVA — American goods will face around $295 million in annual sanctions as a result of the United States’ failure to eliminate illegal subsidies to U.S. cotton growers, the World Trade Organization ruled Monday. Disney to acquire Marvel Entertainment for $4 billion in cash and stockLOS ANGELES — The Walt Disney Co. says it is acquiring Marvel Entertainment Inc. for $4 billion in cash and stock, bringing characters like Iron Man and Spider-Man into the Disney family. Merck to structure itself into 5 units following close of $41.1 billion Schering-Plough dealNEW YORK — Richard T. Clark, current president and CEO of Merck, says the company will restructure into five divisions after it completes the buyout of rival Schering-Plough for $41.1 billion. Iraq’s biggest Shiite party picks late leader’s son to take over, party official saysBAGHDAD — The son of the late leader of Iraq’s largest Shiite political party on Monday took the reins of the Supreme Islamic Iraqi Council, a party official said. Baker Hughes to purchase BJ Services in cash-and-stock deal valued at $5.5 billionNEW YORK — Oilfield services company Baker Hughes Inc. said Monday that it will buy BJ Services Co. in a cash-and-stock deal valued at $5.5 billion, a move that could kick off further consolidation in the industry. Japan’s newly empowered opposition makes economy priority after landslide electionTOKYO — Japan’s likely next prime minister rushed to select Cabinet ministers Monday after his party trounced the ruling conservatives in elections and inherited a mountain of problems, including how to revive the world’s second-largest economy. Auto parts suppliers ask Obama to find new ways to help ailing their sectorWASHINGTON — An auto parts industry association is asking President Barack Obama to consider new ways to help the industry, which is facing a spike in bankruptcies due to the woes of U.S. automakers. Japanese bank Mizuho stays in the red as bad loans swell, derivatives trading produces lossesTOKYO — Major Japanese bank Mizuho Financial Group stayed in the red last quarter, posting a 4.49 billion yen ($47.3 million) loss as derivatives trading soured and bad loans surged. |
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