Raleigh Times
RaleighTimes.com Monday 6th February 2012 Volume 2012/0602
bullet
Front Page Breaking Business News
corner
More consultataion on telecom charter in India neededMore consultataion on telecom charter in India needed
Telecom sits on the top of the incredible India story. But the mess, evident in the award of second generation (2G) licences, shows how at least six principal characters worked overtime to deface it....


Add to My Yahoo!

Follow us on Follow us on facebook
Sauli Niinistoe wins Finnish presidency in landslideSauli Niinistoe wins Finnish presidency in landslide
Conservative party leader Sauli Niinistoe has won Finland's presidential election by a landslide and will become the country's first conservative president in 30 years.

Officials say Mr....
Super Bowl crowds tempting to terrorists, say security officialsSuper Bowl crowds tempting to terrorists, say security officials
Security officials say the crowds expected in Indianapolis for the NFL's Super Bowl championship game are tempting targets for terrorists.

An operation in place to protect the Super Bowl 46 site...
Housing construction in India to rocket over next few yearsHousing construction in India to rocket over next few years
Over 500 million Indians will need new homes in almost a decade, close to the needs of China, North America and Western Europe put together, as the government and urban local bodies focus more on...
Technology to detect whether CEO is telling the truthTechnology to detect whether CEO is telling the truth
Using a new technique, Layered Voice Analysis, can decipher whether CEOs are lying or not, a study reveals.

Duke University and University of Illinois researchers turned to an Israeli firm...
London retailer removes Caterpillar boots in support of local workers
CAW workers picket outside at the Electro-Motive plant in London, Ont., on Feb. 3, 2012. American-based heavy equipment maker Caterpillar Inc. announced Friday it was closing the plant, a month after...
Advertisers' big day: Who caught your eye?
NEW YORK - Forget the battle between the Giants and the Pats. The real Super Bowl showdown was between advertisers. The Super Bowl is advertising's biggest stage, and companies spent an average...
Giants beat Patriots in Super Bowl
New York Giants wide receiver Victor Cruz (80) makes a catch for a touchdown as New England Patriots safety James Ihedigbo (44) defends during the first half of the NFL Super Bowl XLVI football game...
Asian stocks rise after US unemployment falls
BANGKOK -- Asian stock markets climbed Monday after U.S. unemployment fell to its lowest in three years, suggesting a stronger recovery in the world's No. 1 economy that could benefit the...
Implats lifts earnings amid mass firings
IMPALA Platinum (Implats), which axed 17 200 employees last week for participating in an illegal strike, announced on Friday that it was expecting higher profit for the six months to...
States Near Landmark Settlement on Foreclosures
With a deadline looming on Monday for state officials to sign onto a landmark multibillion-dollar settlement to address foreclosure abuses, the Obama administration is close to winning support from...
Giants Edge Patriots 21-17 to Win the Superbowl
The New York Giants battled back to beat the New England Patriots 21-17 and win the Super Bowl with heart-stopping fourth quarter comeback capped by a six-yard touchdown run by Ahmad Bradshaw with 57...
Obama: Israel Hasn't Taken Decision on Striking Iran
Israel hasn't yet decided on whether it will strike Iran to stop the country's nuclear program, President Barack Obama told NBC News' Matt Lauer on...
Stocks Least Loved Since '80s as U.S. Scales Wall of Worries
The benchmark gauge for U.S. shares has climbed 6.9 percent in 2012, the most since it rose 14 percent to begin 1987, data compiled by Bloomberg show. It traded at an average of 14.1 times earnings...
Global Aviation, U.S. Troop Transporter, Files for Bankruptcy
Feb. 5 (Bloomberg) -- Global Aviation Holdings Inc., the biggest charter-flight company for U.S. military troops, filed for bankruptcy after losing money in three of the past four...
Facebook Valued at $94 Billion in Auction on Private Market
Feb. 3 (Bloomberg) -- Facebook Inc., the social-networking company that’s preparing for an initial public offering, had a valuation of at least $94 billion yesterday in an auction of its shares...
Great game, too bad the ads didn't keep up
The pressure was on. The tension was thick. And then, there were yawns in between. The Super Bowl may have been a nail biter, but the ads were a snooze. Actor Clint Eastwood waxed about Detroit...
BDO Unibank Seeks To Sell 5-Year, Fixed-Rate Dollar Bond - Term Sheet
SINGAPORE – BDO Unibank Inc. is seeking to price a five-year, fixed-rate U.S. dollar-denominated bond at around 4.625%, according to a term sheet.The bond is expected to price early this week,...
INDABA: Global Mining, Metals M&A Up 43% To $162.4 Billion In 2011 -E&Y
CAPE TOWN – The global value of mergers and acquisitions in mining and metals rose 43% in 2011 and is expected to continue rising this year, driven by robust demand fundamentals, strong balance...
Glencore May Pay Larger Premium Than Expected For Xstrata - Report
DOW JONES NEWSWIRESGlencore International PLC (GLCNF, GLEN.LN, 0805.HK) may pay a larger premium than expected to complete its merger with Xstrata PLC (XTA.LN),...
Bailout talks to resume in Greece
Party leaders in Greece's governing coalition are to resume crisis talks on backing a 130bn-euro (108bn; $171bn) European Union rescue plan. The meeting between PM Lucas Papademos and the...
Businesses 'cautious' on future
Businesses plan to cut back on capital investment as the UK economic outlook remains gloomy, a report suggests. The Institute of Chartered Accountants in England and Wales (ICAEW) says as well as...
Olympus calls shareholder meeting
Olympus shareholders will finally get a chance to grill its management about the accounting scandal that has seen the company's stock price plummet. The firm has announced that it will hold an...
Asian Stocks Rise After U.S. Unemployment Falls
BANGKOK (AP) - Asian stock markets climbed Monday after US unemployment fell to its lowest in three years, suggesting a stronger recovery in the world's No. 1 economy that could benefit the region's...
Parabis sells out to Duke Street under 'Tesco law' liberalisation
Partners in law firm Parabis have pocketed millions as the London-based group becomes one of the first to benefit from a sweeping liberalisation of the 25bn legal services...
Twitter Vies With YouTube for Super Bowl Fans Surfing IPads
Feb. 3 (Bloomberg) -- Aaron Magness plans to watch the Super Bowl this weekend on his 55-inch screen television, with an iPhone in one hand and an iPad at his...
PetroChina, Shell Deepen Ties for ‘Powerful’ Shale Potential
Feb. 3 (Bloomberg) -- PetroChina Co. and Royal Dutch Shell Plc deepened their collaboration in exploring unconventional gas resources with the Chinese company investing in a Canadian project and the...
As Facebook grows up, it courts Madison Avenue
(Reuters) - About a year ago, when it became clear that taking Facebook Inc public was a matter of when not if, Chief Operating Officer Sheryl Sandberg went out and poached Caroline Everson, then...
EU Commission Could Look At Xstrata, Glencore Deal -Report
DOW JONES NEWSWIRESXstrata PLC (XTA.LN),and Glencore International PLC (GLCNF, GLEN.LN, 0805.HK) could face an unexpected competition hurdle to their proposed GBP50 billion merger, with...
Sinopec, ENN Energy: Continue To Seek Opportunities To Meet China Gas Board Over Takeover Bid
China Petroleum & Chemical Corp. (0386.HK), better known as Sinopec, and gas supplier ENN Energy Holdings Ltd. (2688.HK) said Monday it will continue to seek opportunities to meet with the board...
China issues EU carbon tax 'ban'
China has "banned" all airlines in the country from joining the European Union's Emissions Trading Scheme (ETS) aimed at cutting carbon emissions. The authorities have also barred the...
Earnings reports reflect battle for wireless supremacy
Canada’s biggest telecommunications companies will report their fourth-quarter earnings this week, providing investors with a check up on the state of wireless competition and the budding...
Insurance lags on wound care
Gary Christoferson and wife, Karin, in their Brooklyn Park townhouse, where she uses the TruHeal system on a leg wound that wouldn't heal for more than a year. She started to see signs of...
LightSquared holding hammers Falcone's Harbinger
Phil Falcone's Harbinger Capital Partners lost 47 percent for investors in his main hedge fund last year as he was forced to slash the value of his troubled wireless venture by more than half,...
Family leaves a stamp
One moment, Ed Mellgren is expressing pride in the longevity of his family's fifth-generation company, St. Paul Stamp Works. After all, the maker of custom nameplates, badges and plaques has...
St. Anthony: Career academic now talking business
Six months into his tour as the boss of Minnesota State Colleges and Universities, Steve Rosenstone, a career academic, is now all about business. Rosenstone, a political scientist who is the former...
Business forum: Why a muni crash didn't materialize
In September 2010, Wall Street analyst Meredith Whitney made a bold prediction: The U.S. municipal bond market was going to crash in 2011. People make predictions all the time, but Whitney's was...
MacKay: Approach deadlines with a professional attitude
It's the Monday morning staff meeting and the week's urgent projects are on the agenda. Plenty of assignments for everyone: some that involve a few quick phone calls, and others that will...
Reyer: Get better at repeating phrase 'It's just not an option'
The outer game Like any skill, you'll have to practice, and that's easier to do if you're not taken by surprise. Anticipate times that you might be asked to take on a task, and plan...
EU asks Google to delay privacy policy changes
BRUSSELS -- European governments are pressing Google to halt coming changes to its privacy policies while they investigate the implications for personal data protection. The move is a shot across...
Regulator to Challenge European Banks' Capital Plans
The European Banking Authority is to challenge a significant proportion of the capital restructuring plans put forward by the continent's leading banks to meet tough new capital requirements,...
California’s Solo Mortgage Probe Complicated by 2008 Deal
Feb. 3 (Bloomberg) -- California Attorney General Kamala Harris objects to giving banks broad releases of liability for predatory lending. At the same time, she may be locked into her...