Afghanistan Sun
AfghanistanSun.com Friday 30th July 2010 Issue 8/0211
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Wall Street withstands lower GDP figureWall Street withstands lower GDP figure
The major indices finished flat Friday despite a weaker than expected GDP figure for the June...


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June quarter GDP comes in lower than expectedJune quarter GDP comes in lower than expected
First quarter growth was revised upwards to an annualised 3.7% growth...
Google returns its servers to ChinaGoogle returns its servers to China
Google's search engine has once again started working in China, where users had been temporarily blocked from accessing the...
Terminal 3 opened at Indira Gandhi International AirportTerminal 3 opened at Indira Gandhi International Airport
The first flights have been arriving this week at India's newest and largest air...
Italian parliament passes austerity billItalian parliament passes austerity bill
The Italian parliament has approved its austerity package by a vote 321 to 270...
Iraqi power stations to be built by French firmIraqi power stations to be built by French firm
The French energy infrastructure firm Alstom has signed a memorandum of understanding with the Iraqi...
Oil ventures being set up between Italy and EgyptOil ventures being set up between Italy and Egypt
The Italian energy group, ENI, has agreed to aid in the production and transport of oil and gas supplies in...
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...
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,...
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...
Caterpillar appoints procurement VP
PEORIA, Ill. — Caterpillar Inc. said Friday that its board of directors has named Frank Crespo as a vice president in charge of procurement. Crespo will have oversight of Caterpillar's...
Honeywell gets $90M rocket launch contract
PHOENIX — Honeywell International Inc. said Friday that it was awarded a $90 million contract for work on a rocket program. The contract is for avionics for guidance and navigation for the...
Caterpillar picks NC for equipment plant, 500 jobs
WINSTON-SALEM, N.C. — Heavy-equipment manufacturer Caterpillar Inc. said Friday it will build a parts plant for large mining machines and it expects to employ about 510 full-time and contract...
Petters defense asks appeals court for retrial
ST. PAUL, Minn. - Lawyers for Tom Petters are asking a federal appeals court to order a new trial for the Minnesota businessman, who was convicted last December of running a $3.7 billion Ponzi...
BlackBerry maker RIM spent $719,000 in second quarter to lobby on patents and more
WASHINGTON - Research In Motion Ltd., the maker of the BlackBerry, spent $719,000 in the second quarter to lobby the U.S. government on patent reform and other issues, according to a disclosure...
Dollar sinks to 8-month low vs yen as US economic growth slows, Fed official worried
NEW YORK - Weakening U.S. economic growth and worried comments from Federal Reserve officials drove the dollar to an 8-month low Friday against the Japanese yen. The dollar dropped to 86.34 yen in...
Microsoft Announces Upcoming Events With the Financial Community
REDMOND, Wash., July 30 /PRNewswire-FirstCall/ -- Microsoft Corp. today announced participation in the following upcoming events with the financial community. Interested parties can view a webcast of...
Time to scrap BP brand? Gas-station owners divided
FILE - In this file photo made Oct. 25, 2007, the BP (British Petroleum) logo is seen at a gas station in Washington. BP gas station owners across the country are divided over whether the oil giant...
WuXi PharmaTech RESCHEDULES Second-Quarter 2010 Earnings Conference Call
/PRNewswire-Asia/ -- WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a leading pharmaceutical, biotechnology and medical device R&D outsourcing company with operations in China...
ATCO Reports Second Quarter Earnings Up $12.2 Million to $61.7 Million
(Marketwire - July 30, 2010) - (TSX:ACO.X)(TSX:ACO.Y) today reported earnings of $61.7 million ($1.06 per share) for the three months ended June 30, 2010 , compared to $49.5 million ($0.85 per...
Stocks cheer a benign July; gold, dollar suffer
SAN FRANCISCO (MarketWatch) -- A modicum of confidence returned to markets in July, as U.S. and European stocks erased much of the losses inked in prior months and investors took heart that slow...
After Hours: Genworth, Alcatel-Lucent may see evening movement
LOS ANGELES (MarketWatch) -- Shares of Expedia Inc. and Tellabs Inc. may be among those that investors will keep on the move Friday's late-session after the shares emerged as standouts during the...
A jobseeker on London Bridge
The flyer contains Paul's phone numbers too. This afternoon I gave him a ring. He's a 47 year-old IT professional with 23 years' experience who was laid off 14 months ago. His list of skills - also...
Making Sense Of The Muni Bond Market
The municipal bond market has over the past few years gone through its most tumultuous period in decades. State and local governments are under enormous stress. Bond insurers have flirted with...
Caterpillar to build $426M plant in W-S
Caterpillar Inc. will invest $426 million in a new plant in Winston-Salem that will make axle assemblies for large mining machines. At a press conference this afternoon in Winston-Salem, Gov....
DBS second-quarter earnings hit by impairment charge
SINGAPORE -- Singapore's DBS Group Holdings on Friday posted an unexpected second-quarter net loss of SG$300 million (US$217 million) following an impairment charge for its Hong Kong...
Citigroup paying US$75 million to settle SEC fraud charges
WASHINGTON -- Banking titan Citigroup Inc. is paying US$75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in...
Microsoft sets emergency Windows patch for Monday
Computerworld - Microsoft today said it will issue an emergency patch for the critical Windows shortcut bug on Monday, August 2. The company said it is satisfied with the quality of the...
Tablets 'job one urgency': Microsoft
WASHINGTON -- Microsoft chief executive Steve Ballmer said Thursday that developing Windows-based tablet computers and getting them to market is “job one urgency” for the U.S. software...
Chevron quarterly earnings triple, beating expectations
NEW YORK/SAN FRANCISCO -- Chevron Corp, the second-largest U.S. oil company, reported a three-fold jump in quarterly profit, beating expectations as refinery margins...
Canadian earnings declared Friday: Domtar, George Weston, Angiotech
TORONTO - Canadian earnings declared Friday as of 3 p.m. ET: Angiotech Pharmaceuticals Inc. (TSX:ANP): Three months ended June 30, 2010, net loss $14,074,000, net loss $0.17 a share; 2009, net loss...
New Jersey May Stop Using Financial Advisers for Bond Sales
July 30 (Bloomberg) -- New Jersey, the third-most indebted U.S. state, is considering handling future bond sales without financial advisers, Governor Chris Christie’s office...
U.S. Stocks Rise as Consumer Confidence Report Overshadows GDP
July 30 (Bloomberg) -- U.S. stocks rose, as the Standard & Poor’s 500 Index extended a monthly gain after improving data on consumer confidence and business activity tempered concern the...
Honeywell gets $90M contract for Atlas V guidance system
received a follow-up contract worth $90 million for the guidance system for the Atlas V rocket. Honeywell (NYSE:HON) will build the fault-tolerant inertial navigation unit and the redundant rate...
Retired Exxon Mobil executive joins Cullen/Frost’s board
, as a member of the board of directors. Matthews, a Houston attorney, spent his entire career at Exxon and its successor Exxon Mobil. He first joined the company’s legal department in 1971...
TriCo Bancshares' Q2 earnings fall
Granite’s operations are included in TriCo’s operating results from May 28, and Granite added revenue of $595,000 and after-tax earnings of $254,000 in the second quarter. TriCo is based...
What is Microsoft's strategy for slates and tablets, exactly?
Thursday, at the annual Microsoft Financial Analyst meeting, CEO Steve Ballmer gave a somewhat baffling explanation about Microsoft's position on tablet/slate computing that seems to run...
MTNL brings new service
NEW DELHI: MTNL Delhi brings a new affordable service through which a customer can talk endlessly and as many number of times as he/she wants by paying Rs 60 per month. Customers can avail this...
Disney sells Miramax for $660m
LOS ANGELES / BANGALORE: Walt Disney has sold film studio Miramax for more than $660 million to Filmyard Holdings, ending months of talks between the media group and various bidders. Construction ...
Slowing economy faces major hurdles
On Friday, the Commerce Department reported that Gross Domestic Product, the value of all goods and services produced in the U.S. rose by 2.4 percent in the second quarter . That’s down from a...
Spotify Denies Reported Setbacks to U.S. Launch
A report surfaced Thursday evening that the Spotify music service, popular for years in Europe, is “back to square one” in its negotiations with record labels to launch in the United...
Analysts encouraged by Microsoft's cloud progress
SEATTLE (MarketWatch) -- Wall Street analysts came away from Microsoft Corp.'s annual meeting encouraged by the company's progress in adapting to a market in which software applications are...