Deere says 800 workers to leave under voluntary program; 1st-year savings of $75M seenMOLINE, Ill. — Deere & Co. said Tuesday about 800 salaried workers have decided to leave the world’s largest farm machinery maker under a voluntary separation program. Indian arrested from Kathmandu airportKATHMANDU - An Indian man was arrested from Nepal’s sole international airport in Kathmandu Tuesday. According to police, Anil Kumar Sharma, who checked in at the Tribhuvan International Airport in the morning to catch an Indian Airlines flight to New Delhi, was arrested after security forces found 140 currency notes of the denomination of Rs.1,000 each from his hand bag. Udaipur airport gets new face with Maharana Pratap statueUDAIPUR - Udaipur airport Tuesday got a new face when President Pratibha Patil unveiled a large statue of Maharana Pratap just outside the terminal building here and said it would help in promoting tourism. Sonia Gandhi opens India’s first sea bridgeMUMBAI - Billed as an engineering marvel, India’s first sea bridge was thrown open in this financial and entertainment capital Tuesday, promising to cut travel time by 80 percent, bypassing 23 traffic signals that commuters have to endure otherwise. More water to be released from Bhakra DamCHANDIGARH - More water would be released from Bhakra and Pong dams after the level in their reservoirs increased in the last few days, an official said Tuesday much to the relief of Punjab and Haryana paddy farmers. Broadcom raises hostile takeover offer for Emulex to about $912 million from $764 millionIRVINE, Calif. — Chip designer Broadcom Corp. has boosted its hostile takeover offer for network gear maker Emulex Corp. to about $912 million from $764 million. Profit booking pulls down Sensex 291 points (Roundup)MUMBAI - Indian equities came under selling pressure Tuesday, with a key index falling sharply in the last session to close 291 points lower than its last closing figure. Lenovo wants to do a China in IndiaNEW DELHI - Personal computer (PC) manufacturer Lenovo, struggling at the fifth position among PC makers in India, is looking at emulating its China success in other emerging markets including India, a top official said Tuesday. Iraqi oil licensing round runs into trouble as foreign firms eye bigger cash rewardsBAGHDAD — Iraq’s hopes for an oil-revenue fueled postwar recovery suffered a sharp blow Tuesday as the foreign oil companies it counted on to help develop its vast reserves greeted the country’s first oil auction in over 30 years with grumbles and just one deal. Brink’s Home Security, recently spun off from Brink’s Co., renamed Broadview SecurityNEW YORK — The home and commercial security business that The Brink’s Co. spun off last fall is being renamed Broadview Security, a move that entails increasing advertising spending by as much as $120 million, the company said Tuesday. Queen to run out of funds by 2012LONDON - An annual account of the Royal Household’s expenditure has revealed that Queen will run out of funds by 2012, her Diamond Jubilee year, unless the government increases the Civil List. Nina Wang’s alleged lover claims her multi-billion-dollar fortuneLONDON - A man claiming to be the lover of Asia’s richest woman, Nina Wang, has insisted that a will that left her multi-billion-dollar fortune to him was not a forgery. Scientific system can predict H1N1 spread, claims studyLONDON - A scientific system, designed to rapidly evaluate the world’s air traffic patterns, can accurately predict how the H1N1 virus would spread around the world, says a new study. Japan’s jobless rate rises to 5 1/2-year high while household spending edges upTOKYO — Japan’s jobless rate rose to a five-and-a-half year high in May, the government said Tuesday, possibly delaying a recovery for the world’s second-largest economy even as manufacturers enjoy a nascent rebound. ‘Cocktail of issues’ behind attacks on Indians, says Australian MPSYDNEY - The disconnect between the “established Indian order” and students was a matter of concern, says a prominent Australian parliamentarian who blames a “cocktail of issues” for the recent attacks on Indian students in his country. Walt Disney Co. to boost Hong Kong park with $465 million massive expansion plan
Kerala sees healthy rise in tourist arrivals, revenueTHIRUVANANTHAPURAM - Kerala Tourism Minister Kodiyeri Balakrishnan Tuesday informed the state assembly that there was a 14.84 percent growth in tourism revenue and a 14.41 percent rise in tourist arrivals in 2008 as compared to 2007. Mumbaikars excited as gates open on India’s first sea bridgeMUMBAI - Nearly five decades after it was conceived, India’s first sea bridge opens its toll gates in the country’s commercial and entertainment capital later Tuesday, promising to cut travel time by 80 percent to just eight minutes, bypassing 23 traffic signals that commuters have to presently endure. Will identify bogus employees soon, says embarrassed MCDNEW DELHI - After it was revealed that a huge chunk of employees of the Municipal Corporation of Delhi (MCD) were fake, civic body’s standing committee chairperson Vijender Gupta Tuesday said the bogus work force will be identified soon. New Mumbai bridge to open after a decade of delay as India struggles to improve infrastructureMUMBAI, India — One of India’s most ambitious infrastructure projects — a $335 million bridge that cuts across a bay to link Mumbai with its fast-growing suburbs — opens Wednesday after being delayed for years by a thicket of lawsuits and bureaucratic wrangling. German unemployment rate dips to 8.1 percent in JuneFRANKFURT — Germany’s jobless rate edged down to 8.1 percent in June, official figures showed Thursday, posting a weak seasonal improvement as programs to put workers on shorter hours helped stabilize employment amid a serious recession. Khmer Rouge survivor describes having toenails pulled and brutal beatings at S-21 prisonPHNOM PENH, Cambodia — One of three living survivors from the Khmer Rouge’s main torture center testified Tuesday that he endured beatings, electric shocks and had his toenails pulled out but was spared execution because he knew how to fix cars. SKorean defense chief says questions remain about successor to NKorean leader KimSEOUL, South Korea — The decision on who will become North Korea’s next leader may not be final despite reports that Kim Jong Il has tapped his youngest son to succeed him, South Korea’s defense chief said. Iran declares election fight over, vote valid, paving way for Ahmadinejad’s second termEDITOR’S NOTE: Iranian authorities have barred journalists for international news organizations from reporting on the streets and ordered them to stay in their offices. This report is based on the accounts of witnesses reached in Iran and official statements carried on Iranian media. Jackson’s mother fires first salvo to control the billion-dollar-plus fortune of ‘King of Pop’LOS ANGELES — So, who gets Michael Jackson’s riches? After all the Obama administration’s big spending, Republicans urge fiscal restraintWASHINGTON — Republicans concerned about the Obama administration’s big spending on economic stimulus, energy and health care are asking, “Where are the jobs?” Iran’s Moussavi rejects partial vote recountTEHRAN - Iranian opposition leader Mir Hossein Moussavi Saturday refused to support a panel set up by the electoral watchdog Guardian Council to conduct a partial recount of votes in the disputed presidential election, a media report said. Thousands of girls take to streets protesting against abortionsCOIMABATORE - Thousands of girls Girls of various schools and colleges along with volunteers of different anti-abortion from different international organisations took out a rally holding placards and raising slogans to spread awareness regarding ’save the girl child’ in Coimbatore on Thursday. People have to pay more for water, ADB tells IndiaSINGAPORE - Even as India reels under chronic water shortages in its cities, the Asian Development Bank (ADB) Thursday urged it to increase existing water tariff, which it said was “too low”, and invite foreign investment to improve the country’s water infrastructure. Markets close on tame note, Sensex down 77 points (Roundup)MUMBAI - A key index of the Indian equities markets closed on a disappointing note Thursday, shutting shop 77 points below its previous close after rising 156 points during the day’s trading. |
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HONG KONG — The Walt Disney Co. and Hong Kong have reached a deal to expand the territory’s Disneyland at a cost of about $465 million in hopes of boosting the theme park’s fortunes, officials announced Tuesday. The deal will see the American entertainment giant invest new capital — some 3.5 billion Hong Kong dollars ($450 million) — to pay construction and operation costs during the building phases.
