New Jersey Telegraph
NewJerseyTelegraph.com Friday 30th July 2010 Issue 2010/0730
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Toyota forced to recall high-end vehiclesToyota forced to recall high-end vehicles
Toyota Motors has told US owners of their high-priced passenger cars and SUVs that they could be in for a...


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Chinalco and Rio Tinto in joint ventureChinalco and Rio Tinto in joint venture
The giant Anglo-Australian miner, Rio Tinto, has agreed to a joint venture with Chinese firm,...
Furlough system comes into play at American AirlinesFurlough system comes into play at American Airlines
American Airlines has decided to cut the jobs of 920 flight...
U.S. stocks struggle to gain momentumU.S. stocks struggle to gain momentum
U.S. stocks lost ground Thursday although losses were...
Bangladesh sets new minimum wage for garment workersBangladesh sets new minimum wage for garment workers
Bangladesh has told its garment workers they can have another $20 per month in a minimum wage...
Facebook forced to deal with another privacy issueFacebook forced to deal with another privacy issue
The private details of 100 million Facebook users have been published...
Some California state workers to take unpaid leaveSome California state workers to take unpaid leave
Governor Arnold Schwarzenegger of California has given an executive order for some state workers to take three unpaid days off per month starting in...
Greek truck drivers get back to work order from governmentGreek truck drivers get back to work order from government
The Greek government, using a rare law, has ordered truck drivers back to...
Protesters gather at Fiat Mirafiori plantProtesters gather at Fiat Mirafiori plant
Fiat car workers in Italy have been running protests over the company’s future in its home...
Report says Alaskan spill was caused by power failureReport says Alaskan spill was caused by power failure
A power failure contributed to a 4,500-barrel oil spill in the US in...
Honda posts record quartlery profit on growth in Asia, North America, booming motorcycle sales
TOKYO - Honda reported a record quarterly profit of 272.4 billion yen ($3.2 billion) as auto sales grew in North America, Japan and the rest of Asia. Honda Motor Co. said Friday its profit for...
France's oil giant Total second quarter profit up 43 percent on stronger refinery business
PARIS - French oil company Total SA said Friday its second-quarter profit jumped 43 percent thanks to rising production and improving refinery activity after a rough 2009, and said it is reviewing...
Samsung says 2Q net profit surges 83 percent
FILE - In this May 17, 2010 file photo, an employee of Samsung Electronics adjusts LED TV screens at its branch in Seoul, South Korea. Samsung Electronics Co.'s net profit surged 83 percent in the...
Citrix sees sales, earnings rise
Citrix Systems reported a 12 percent jump in second-quarter earnings Wednesday, helped by a 17 percent rise in sales. The company's profit missed Wall Street expectations, but a...
Citigroup to pay $75M to settle charges
Citigroup Inc. will pay $75 million to settle civil charges brought by the SEC that it misled investors over the extent of its exposure to subprime...
Tesco Phone Shop Announces Exclusive O2 GBP 15pm SIM Only Contract
12 month SIM-only contract costs just £15 per month and customers get unlimited texts, 600 minutes, and £30 off a new O2 Pay As You Go phone. This is yet another crunch-busting deal, this...
Construction output in Europe is set to decline this year for the third time in succession
Construction output in Europe is set to decline this year for the third time in succession By Finfacts Team Jul 30, 2010 - 6:41:44 AM ...
Japan's manufacturing growth slowed in July; Industrial production dipped in June and unemployment rose
Japan's manufacturing growth slowed in July; Industrial production dipped in June and unemployment rose By Finfacts Team Jul 30, 2010 - 6:01:55 AM ...
America: A country you cannot tell a lie about
Mac Liammóir (1899-1978; born Alfred Willmore) who with his life partner, Hilton Edwards, founded Dublin's Gate Theatre in 1928, is reputed to have said that America was a country you cannot tell...
Post-crisis China faces challenges of success says the IMF
China’s skillful response to the global financial crisis has blunted the worst of the downturn, but IMF economists say trade and current account surpluses must be prevented from reasserting...
Thursday Newspaper Review - Irish Business News and International Stories - - July 29, 2010
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when...
Microsoft aims to be BFF with consumers
Pitching to 200 financial analysts Thursday, Microsoft grabbed the mike and said the company gets consumers and is ready to compete mightily against Apple's red-hot...
India invites UK to invest in infra
NEW DELHI: India on Thursday invited British investments into infrastructure, clean technology and food processing. There is a huge demand for infrastructure in the country and the sector is ...
Food inflation in single digits
NEW DELHI: For the first time this year, food inflation shrunk to single digit at less than 10% in the week ended July 17, providing the government a much-needed shield to ward off concentrated ...
ET Tax-Wizard makes life easy
NEW DELHI: If you dread the queues and haven't filled your tax returns, about time you do it now. Don't worry, the ET Tax Wizard, allows you to file your returns at the click of a mouse. It's easy ...
Sun wins patent case against Eli Lilly
NEW DELHI: Sun Pharma on Thursday claimed victory over Eli Lilly and Co in a patent litigation over Gemzar, used in cancer treatment, with a US federal court ruling in its favour. Eli Lily had ...
Trading Day: TSX outperforms Wall Street as earnings take centre stage
VANCOUVER — Canadian stock markets recovered from morning jitters to finish Thursday’s session with modest gains, as resource stocks rallied on strong second-quarter earnings reports. On Wall...
ANALYSIS-Hong Kong's yuan bond market dreams face hurdles
July 30, 2010 * Yuan debt about 80-100 bps cheaper than HKD debt * Appreciating yuan means companies have to repay more * Lack of repatriation options slows growth * Need for reliable...
Energy Resources Of Australia 1st Half Profit Tumbles 82%
(adds A$ impact, comments from CEO interview) SYDNEY -(Dow Jones)- Energy Resources of Australia Ltd. (ERA.AU) said Friday that its first half profit plunged 82% after the Rio Tinto Ltd. (RIO.AU)...
Li Ka-Shing Firms To Buy EDF's UK Power Unit For GBP5.8 Billion
(Adds background on size of CKI deal, CKI's possible need for funds, Li Ka-shing's investments in U.K.) HONG KONG -(Dow Jones)- A consortium of companies controlled by Hong Kong tycoon Li Ka-shing...
PRECIOUS-Gold ticks lower on dollar; investors eye U.S. Q2 GDP
July 30, 2010 * Gold down but demand from jewellers cushion falls * Coming Up: U.S. Real GDP Q2; 1230 GMT (Updates prices, adds quotes) By Lewa Pardomuan SINGAPORE, July 30 (Reuters) - Gold...
RPT-Oil slips toward $78 on forecasts for slower U.S. Q2 growth
July 30, 2010 (Repeats to cut extrad word in fourth paragraph) * Coming Up: U.S. 2nd-quarter GDP; 1230 GMT By Alejandro Barbajosa SINGAPORE, July 30 (Reuters) - Oil slipped on Friday, ...
Toyota working on new car for emerging markets-paper
July 30, 2010 TOKYO, July 30 (Reuters) - Toyota Motor Corp is developing a new low-cost car to attack fast-growing markets such as China and Southeast Asia, targeting a 2012 launch and a price...
PBOC's Hu plays down yuan impact on China exporters
July 30, 2010 BEIJING, July 30 (Reuters) - China's reform of its exchange rate regime is not having a major impact on the country's exporters, deputy central bank governor Hu Xiaolian said on ...
Dollar extends slide vs yen, hits 8-month low
July 30, 2010 TOKYO, July 30 (Reuters) - The dollar hit an eight-month low against the yen on Friday, extending losses made earlier on the back of suspected month-end yen buying by Japanese...
UPDATE 2-Neighbors fail to end Venezuela-Colombia rift
July 30, 2010 * Colombia "gives word" no military attack on Venezuela * Venezuela says has investigated guerrilla camp claim * Heads of state meeting likely in next few weeks * Venezuelan...
GLOBAL MARKETS-Asia stocks slip on corporate outlook
July 30, 2010 * Asian stocks slip on Fed official's deflation warning * Dollar on defensive, eyes on U.S. GDP * MSCI Asia ex-Japan index up 7 percent in July * Sony shares surge as co returns...
Australia PM: Fiber Internet Network To Cover 93% Of Homes
CANBERRA -(Dow Jones)- Australia's Prime Minister Julia Gillard on Friday unveiled a detailed footprint for a planned national high-speed fiber Internet network that will reach 93% of homes and...
Asia stocks slip on U.S. worries
HONG KONG (Reuters) - Asian stocks sagged on Friday as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve official gave investors reason book profits...
Samsung Elec sees weak profit after record Q2
005930.KS ), the world's No.1 memory chipmaker, warned of weaker margins and profit growth after posting record quarterly earnings, as prices of chips and flat screens drop and smartphone competition...
Economic growth seen slower in Q2 on imports
WASHINGTON (Reuters) - Economic growth likely slowed in the second quarter as a capital investment drive by businesses was sated by imports and consumer spending tapered off, a government report is...
Growing smartphone battle seen hitting vendors' profits
HELSINKI (Reuters) - An increasingly heated battle in the global smartphone market is set to weigh on handset vendors' profit margins during the remainder of the year, analysts said on...
GINSMS Posts Strong Net Earnings and Increased Gross Margin for Year Ended March 31, 2010
CALGARY, ALBERTA -- 07/30/10 -- GINSMS Inc. ("GINSMS" or the "Corporation") (TSX VENTURE: GOK) is pleased to announce its results for the fourth quarter and year ended March 31, 2010. Financial...
Video: Life Insurance's Dirty Secret
Katie Couric exposes the "dirty little secret" of life insurance providers Prudential and MetLife who profited from the death benefits of fallen...
Mortgage Rates Hit Low of 4.54%
(AP) Mortgage rates are the most affordable in decades for those who can qualify for a loan. For many, the opportunity to buy a home or refinance at this time is lost because of the tough economy...
Allen: "Static Kill" on Oil Well Moved Up
Gulf Visibly Cleaner, Oil Rare On day 100 of the devastating oil spill, Mark Strassmann reports from Gulfport, Miss. that with the well capped and the spill breaking up it's tough to find any oil on...
More Japan Workers Lose Jobs, Factory Output Falls
Japan received a sobering reminder Friday of its fragile recovery: The jobless rate rose, deflation deepened, and factories made fewer cars and mobile phones. The figures underscore ongoing...
Asia stocks fall earnings data
TOKYO: Asian markets fell Friday, overlooking strong earnings from some of the region's biggest companies as Japanese shares tumbled on dour economic figures and a strong yen. Global...
Economic Growth Likely Slowed in Second Quarter
The already fragile economic recovery may be getting weaker. Economists expect the government to report Friday that economic growth slowed in the April-to-June quarter as consumers bought less,...
Samsung Says 2Q Net Profit Surges 83 Percent
FILE - In this May 17, 2010 file photo, an employee of Samsung Electronics adjusts LED TV screens at its branch in Seoul, South Korea. Samsung Electronics Co.'s net profit surged 83 percent in the...