US economic data helps world markets recover but recovery concerns remainLONDON — European and U.S. stock markets rose Thursday after a run of stronger than anticipated U.S. economic data renewed investors’ hopes that the world’s largest economy may recover from recession this year. Obama meets Germany’s Merkel next week, Afghanistan, economy on agendaWASHINGTON — The White House says President Barack Obama and German Chancellor Angela Merkel will meet in Washington on June 26. Chinese president visits Slovakia to boost economic ties; protests expectedBRATISLAVA, Slovakia — The Chinese president arrived Thursday in the Slovak capital for a two-day official visit meant to boost economic ties. Industry worried by high food price, not negative inflationNEW DELHI - Rising food prices, not negative inflation, is what alarms corporate India. “There is no fear of deflation and this is just a temporary phenomenon. The negative inflation number that we see today is the result of a sharp drop in prices of fuel, power and lubricants,” said Amit Mitra, secretary general of Federation of Indian Chamber of Commerce and Industry (FICCI). J.M. Smucker 4Q profit more than doubles, beats view as Folgers continues to boost resultsNEW YORK — J.M. Smucker Co. said Thursday its fiscal fourth-quarter profit more than doubled, helped by consumers’ desire to eat at home and the company’s acquisition of the Folgers coffee brand last year. China’s slump batters private entrepreneurs as stimulus gets channeled to state industriesBEIJING — Surviving the slump is a lonely struggle for the small, private businesses that once drove China’s boom. Look for Sasha Cohen’s comeback tour to include a stop at Skate AmericaSasha Cohen fans, mark your calendars. Avon Products 1Q profit slips 36 pct, misses Wall Street forecasts because of strong dollarNEW YORK — Avon Products Inc. on Tuesday said its first-quarter profit fell 36 percent, due to significant foreign exchange pressures and the impact of the global recession that dampened demand for the cosmetics company’s products. Time Warner Cable 1st-qtr profit falls on restructuring, spin-off charges despite sales boostNEW YORK — Time Warner Cable Inc. said Wednesday its first-quarter earnings fell 32 percent on restructuring and other costs related to its spin-off from former parent Time Warner, despite a boost in sales. Supporters in Ohio, other states rally to save struggling 4-H clubs when local funding is cutTOLEDO, Ohio — Cuts in state and county spending are threatening to shut down 4-H clubs in several states, leaving parents and supporters scrambling to fill the gap to keep programs going. Mischa Barton wants to land role in Shakespearean playWASHINGTON - Mischa Barton is so determined to land a role in a Shakespearean play that she has taken a course on the playwright to boost her chances of landing a part. Patrick Marleau gets winner, Boyle scores 2 goals as Sharks beat Ducks 4-3ANAHEIM, Calif. — Patrick Marleau scored the go-ahead goal on a power play with 9:27 left, and the San Jose Sharks evaded a daunting playoff deficit with a 4-3 victory over Anaheim in Game 3 on Tuesday night, trimming the Ducks’ series lead to 2-1. Japanese government approves $154 bn stimulus planTOKYO - The Japanese government and the ruling coalition parties finalised an additional stimulus plan Friday to pull the nation’s economy out of the worst recession of the postwar era. US to spend $500 mn more to counter terrorismWASHINGTON - The United States proposes to more than double its fleet of drones used extensively in operations against terrorists along the Afghanistan-Pakistan border region as it increases funding for counter-terrorism operations by $500 million. IAF personnel to be on first manned space missionNEW DELHI - When India’s first manned space mission takes off, likely in 2017, it will have Indian Air Force (IAF) personnel on board. Ratan Tata wins ‘Automotive Man of the Year’ awardNEW DELHI - Tata Motors chairman Ratan Tata was named Saturday ‘The Automotive Man of the Year 2009′, an award sponsored by news channel NDTV Profit to honour industrialists in the auto sector. Thousands watch India-Netherlands hockey finalCHANDIGARH - The high-adrenaline Punjab Gold Cup hockey tournament final between India and the Netherlands had more than 20,000 people rooting for the home team at the Sector-42 hockey stadium here. Asean-India free trade agreement expected for summitBANGKOK - A free trade agreement between India and South-east Asia is expected to be signed at the upcoming summit of the Association of South-East Asian Nations (Asean), state-run media reported Sunday. Air force, navy to showcase new acquisitions at Jan 26 paradeNEW DELHI - The air force and the navy will showcase some recent acquisitions at the Republic Day parade, including the Airborne Warning and Control System (AWACS) and Advanced Jet Trainer Hawks as well as the amphibious transport dock INS Jalashwa. When should women be ready for a baby?WASHINGTON - Young women might not like to have a baby now, but will they be able to have one by the time they decide? |
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