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For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Sri Lanka Source.com http://www.srilankasource.com/index.php/ct/10/id/3a8a80d6f705f8cc/ en-us Thu, 28 Aug 2008 11:30:02 -0400 Thu, 28 Aug 2008 11:30:02 -0400 30 At least 20 new basins of oil and gas have been found in eastern Indonesia. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/400037/cs/1/ Thu, 28 Aug 2008 07:26:53 -0400 Sri Lanka Source.com http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/400037/cs/1/ Australia's big four banks have dropped their fixed interest rates as the pressure on funding costs ease. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/400036/cs/1/ Thu, 28 Aug 2008 07:25:27 -0400 Sri Lanka Source.com http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/400036/cs/1/ Bahraini authorities have issued a new order specifying the working hours at government offices and other establishments during the Islamic holy month of Ramadan. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/400035/cs/1/ Thu, 28 Aug 2008 07:22:31 -0400 Sri Lanka Source.com http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/400035/cs/1/ The latest version of Microsoft's Internet browser includes a piece of software that allows users to surf the Web without leaving a trace. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/400034/cs/1/ Thu, 28 Aug 2008 07:20:47 -0400 Sri Lanka Source.com http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/400034/cs/1/ Pop superstar Madonna has been sued by financier Jay Dykes Jr. who alleges that she has failed to repay a loan of over $400,000 that she took to make a movie in 2006. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/400033/cs/1/ Thu, 28 Aug 2008 07:18:12 -0400 Sri Lanka Source.com http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/400033/cs/1/ U.S. equity markets had a rare up day Wednesday with all indices finishing in the black. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/399780/cs/1/ Wed, 27 Aug 2008 15:11:17 -0400 Sri Lanka Source.com http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/399780/cs/1/ Mortgage finance giant Fannie Mae has made changes to its executive ranks, after investors appeared less certain a government bailout of the company might be imminent. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/399793/cs/1/ Wed, 27 Aug 2008 20:58:45 -0400 Sri Lanka Source.com http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/399793/cs/1/ New orders for long-lasting US manufactured goods rose by a surprise 1.4% in July, led by a big increase in civilian aircraft sales. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/399792/cs/1/ Wed, 27 Aug 2008 20:53:49 -0400 Sri Lanka Source.com http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/399792/cs/1/ Scientists in Bangladesh have developed ways to produce petroleum from degradable organic municipal waste and are now studying its feasibility before going to commercial production. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/399791/cs/1/ Wed, 27 Aug 2008 20:49:16 -0400 Sri Lanka Source.com http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/399791/cs/1/ Qatar National Bank has bought 24 per cent of Dubai's Commercial Bank International for US$302 million. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/399790/cs/1/ Wed, 27 Aug 2008 20:46:49 -0400 Sri Lanka Source.com http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/399790/cs/1/ Microsoft has unveiled a trial version of a new Internet Explorer designed to fight the growing challenge from Firefox. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/399830/cs/1/ Thu, 28 Aug 2008 01:01:25 -0400 Sri Lanka Source.com http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/399830/cs/1/ Mumbai, Aug 28 : Indian equity markets, which opened lower Thursday, were flat in extremely choppy trade early in the day. Realty and PSU stocks were under selling pressure in initial trade. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279685/ Thu, 28 Aug 2008 09:47:42 -0400 New Kerala http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279685/ Caterpillar Inc. expects record sales this year as booming demand for construction and mining equipment in China and other emerging economies offsets weakness in its home U.S. market, its chairman sai... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279667/ Thu, 28 Aug 2008 09:42:53 -0400 eTaiwan News http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279667/ TD Bank Financial Group bumped up its quarterly dividend on Thursday as it reported a slide in its bottom line for the third quarter. The bank said it made $997 million, or $1.21 per diluted share, i... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279626/ Thu, 28 Aug 2008 09:24:43 -0400 CBC News http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279626/ MUMBAI : Gold prices inched up on Thursday tracking foreign markets where the metal took support from higher crude oil and weaker dollar and dealers said demand was a touch down from the heavy sale... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279661/ Thu, 28 Aug 2008 08:47:34 -0400 Times Of India http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279661/ NEW YORK (MarketWatch) -- Crude-oil futures rose early Thursday, continuing to gain support from concerns that Tropical Storm Gustav may damage energy infrastructure in the Gulf of Mexico. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279629/ Thu, 28 Aug 2008 09:44:51 -0400 MarketWatch http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279629/ Oil prices shot higher for the fourth straight day, breaking through $120 per barrel as Tropical Storm Gustav headed for the Gulf of Mexico and strengthened as it bore down on the vast U.S. energy inf... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279675/ Thu, 28 Aug 2008 09:51:36 -0400 Star Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279675/ is putting its last Louisville holdings up for sale — nearly 500,000 square feet of former cigarette manufacturing and distribution space that the company controls in the 1700 block of West Broa... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279681/ Thu, 28 Aug 2008 09:35:58 -0400 Business Journal http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279681/ NEW YORK (AP) ― Wall Street headed for a higher open Thursday on a better-than-expected reading on the nation's economy and a drop in jobless claims.The Commerce Department said gross domestic ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279671/ Thu, 28 Aug 2008 09:29:32 -0400 WBZ http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279671/ All Associated Press news DALLAS (AP) - Specialty jeweler Zale Corp. said Thursday it posted a fiscal fourth-quarter loss as the fine jewelry retailer continued reducing inventory levels.For the quart... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279637/ Thu, 28 Aug 2008 08:44:34 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279637/ FREE Email Alert Service WESTON, FL--(Marketwire - August 28, 2008) - Wall Street News Alert's "stocks to watch" this morning are: TurboSonic Technologies, Inc. ( http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279664/ Thu, 28 Aug 2008 09:45:59 -0400 Market Wire http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279664/ is raising its full-year earning expectations again after it recorded a large gain in fiscal third-quarter profit. The Delaware-based industrial packager after the markets closed Wednesday reported e... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279682/ Thu, 28 Aug 2008 09:36:05 -0400 Business Journal http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279682/ All Associated Press news RIVERSIDE, Calif. (AP) - Recreational vehicle maker Fleetwood Enterprises Inc. on Thursday posted a sharply wider fiscal first-quarter loss as RV sales continued to plunge.Fl... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279641/ Thu, 28 Aug 2008 08:44:29 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279641/ NEW DELHI: Just how fast things move in the internet world. Sample this: earlier today Zenith Computers and Microsoft announced a laptop at a price point of 15K that they claimed was the lowest pri... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279660/ Thu, 28 Aug 2008 08:47:35 -0400 Times Of India http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279660/ WASHINGTON - The number of people signing up for jobless benefits declined last week, the third straight drop from a six-year high reached earlier this month, the government said Thursday. Applicati... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279676/ Thu, 28 Aug 2008 09:51:32 -0400 Star Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279676/ "GDP will put to rest recession talk," wrote Andrew Brenner, co-head of structured products and emerging markets at MF Global, in an e-mail. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279628/ Thu, 28 Aug 2008 09:44:52 -0400 MarketWatch http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279628/ ) said its second-quarter net income dropped to $65 million, or 50 cents a share, from $173 million, or $1.15 a share, a year ago. On an adjusted basis, earnings totaled 21 cents a share, which was ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279630/ Thu, 28 Aug 2008 09:44:50 -0400 MarketWatch http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279630/ PITTSBURGH: Members of the United Steelworkers union have voted to give the union authority to launch a strike across the US against ArcelorMittal, the world's largest steel producer, if ongoing co... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279658/ Thu, 28 Aug 2008 08:47:38 -0400 Times Of India http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279658/ All Associated Press news MISSION WOODS, Kan. (AP) - Layne Christensen Co., which provides drilling and construction services, said Thursday its second-quarter income jumped 58 percent, helped by more... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279642/ Thu, 28 Aug 2008 08:44:26 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279642/ On this week's EIC Squared podcast ZDNet's Larry Dignan and I discuss the legal tussle between Apple and the Mac cloner, Psystar. This week Psystar http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279696/ Thu, 28 Aug 2008 09:20:29 -0400 CNet http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279696/ The $1,000 down payment program at Continental Home Loans is on borrowed time, but the Melville company's chief executive, Mike McHugh, knew it might have a short life. The crux of the program -- ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279689/ Thu, 28 Aug 2008 09:15:19 -0400 Newsday http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279689/ High street sales in the UK fell at their sharpest pace in at least 25 years this month as wet weather and the downturn in the housing market deterred shoppers from parting with their money.The Confed... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279668/ Thu, 28 Aug 2008 09:41:21 -0400 Guardian http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279668/ NEW YORK (Reuters) - Stock index futures fell on Thursday as the price of oil rose for a fourth day, overshadowing optimism among financial companies about the largest U.S. mortgage finance company Fa... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279656/ Thu, 28 Aug 2008 09:15:30 -0400 Reuters http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279656/ Eircom reports 8% increase in earnings for the year to the end of June: Australian BCM fund has no plans to sell stake in the Irish telco By Finfacts Team Aug 28, 2008 - 10:47:25 PM > http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279688/ Thu, 28 Aug 2008 09:40:43 -0400 Finfacts http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279688/ BRLI announced today it plans to issue earnings results for the third quarter of fiscal 2008 before the open of market trading on Thursday, September 4, 2008. The Company http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279636/ Thu, 28 Aug 2008 08:44:36 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279636/ NEW YORK - Sears Holdings Corp. offered a downbeat outlook Thursday, predicting that sales and gross profit margins will likely continue to be pressured for the rest of the year amid a challenging eco... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279692/ Thu, 28 Aug 2008 09:26:09 -0400 MSNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279692/ Tiffany's U.S. sales have been weak recently as consumers cut back on discretionary purchases, though its higher-income clientele tend to be less affected by economic concerns than people who frequent... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279655/ Thu, 28 Aug 2008 09:15:31 -0400 Reuters http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279655/ A former Navy program manager who was convicted of scheming to personally profit from work he awarded to a San Marcos engineering company faces sentencing next month in a North Florida courtroom. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279674/ Thu, 28 Aug 2008 09:05:28 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279674/ All Associated Press news NEW YORK (AP) - TD Bank Financial Group said Thursday its profit for the third quarter fell 10 percent due to problems at the Canadian bank's wholesale banking operations.Net... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279638/ Thu, 28 Aug 2008 08:44:32 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279638/ CALGARY, ALBERTA--(Marketwire - Aug. 28, 2008) - Triangle Petroleum Corporation (the "Company" or "Triangle") (OTCBB:TPLM) today reported the following update on its Maritimes Basin shale gas explorat... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279666/ Thu, 28 Aug 2008 09:45:36 -0400 Market Wire http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279666/ OPEC member Kuwait has earned 6.7 billion dinars ($25 billion) in the first three months of the current fiscal year, more than half the projected annual income, according finance ministry figures rele... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279698/ Thu, 28 Aug 2008 09:31:39 -0400 Arabian Business http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279698/ TOKYO - Toyota lowered its global sales target for 2009 by 700,000 vehicles to 9.7 million Thursday, showing that even one of the world’s most durable automakers is being hurt by rising material cos... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279691/ Thu, 28 Aug 2008 09:26:10 -0400 MSNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279691/ Today Zealand Pharma announced that Dr. David H Solomon has been appointed Chief Executive Officer. "We are delighted to have David as the new Chief Executive Officer. He brings more than 20 years of ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279699/ Thu, 28 Aug 2008 09:50:06 -0400 RedOrbit http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279699/ (AP) American workers' confidence in the job market is as low as it was during the 2001 recession, according to a survey released Thursday.When asked whether this is a bad time to find a quality job, ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279627/ Thu, 28 Aug 2008 09:13:23 -0400 CBS News http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279627/ All Associated Press news ATHENS, Greece (AP) - OTE, Greece's largest telecom company, said Thursday its profit increased 17 percent in the second quarter, mainly due to an increase in mobile revenue.... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279645/ Thu, 28 Aug 2008 08:44:21 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279645/ FREE Email Alert Service WESTON, FL--(Marketwire - August 28, 2008) - Wall Street News Alert's "stocks to watch" this morning are: TurboSonic Technologies, Inc. ( http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279665/ Thu, 28 Aug 2008 09:45:46 -0400 Market Wire http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279665/ Premier Foods , owner of some of the UK's best-known grocery brands such as Hovis and Oxo, said today it had pushed through "key" price increases to cover spiralling commodity costs.The price rises he... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279669/ Thu, 28 Aug 2008 09:41:20 -0400 Guardian http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279669/ Stock Buzz ) jumped before the open on Thursday after the bond insurer agreed in a deal to reinsure $184 billion of municipal bonds backed by its rival FGIC Corp. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279652/ Thu, 28 Aug 2008 09:15:34 -0400 Reuters http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279652/ Stevenson Jacobs August 28, 2008 - 09:04 a.m. NEW YORK (AP) - Wall Street headed for a higher open Thursday on a better-than-expected reading on the nation's economy and a drop in jobless cla... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279700/ Thu, 28 Aug 2008 09:35:33 -0400 Canadian Business http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279700/ All Associated Press news ROCHESTER HILLS, Mich. (AP) - Solar energy product maker Energy Conversion Devices Inc. said Thursday it swung to a profit in its fiscal 2008 fourth quarter on higher sales a... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279646/ Thu, 28 Aug 2008 08:44:19 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279646/ Graybar said Tuesday it had a 19 percent increase in earnings for the first six months of 2008 compared to the same period last year due to an increase in productivity and lower interest expense. Pro... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279680/ Thu, 28 Aug 2008 09:34:31 -0400 Business Journal http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279680/ Del Monte Foods First Quarter Results Del Monte Foods today reported net sales for the first quarter fiscal 2009 of $726.2 million compared to $626.8 million last year, an increase of 15.9%. Income... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279647/ Thu, 28 Aug 2008 08:44:18 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279647/ All Associated Press news LOUISVILLE, Ky. (AP) - Liquor company Brown-Forman Corp. says its first-quarter profit fell 7 percent, due mainly to a $22 million pretax charge related to a problem with its... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279640/ Thu, 28 Aug 2008 08:44:31 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279640/ said net income for the second quarter of 2008 was $2.8 million, or 54 cents a share, on net premiums earned of $9.8 million. For the six months ended June 30, net income was $6.7 million, or $1.30 a... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279679/ Thu, 28 Aug 2008 09:33:47 -0400 Business Journal http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279679/ BEIJING: China and Iraq have reached an agreement on a landmark, $3 billion deal to exploit oil in the Middle Eastern country, the Iraqi embassy in Beijing said on Thursday. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279659/ Thu, 28 Aug 2008 08:47:36 -0400 Times Of India http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279659/ said Thursday. The expansion of Shandong SEM Machinery Co., which manufactures wheel loaders, will begin in 2009, Caterpillar said in a statement. It didn't specify the current or increased producti... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279651/ Thu, 28 Aug 2008 08:44:54 -0400 Morning Star http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279651/ WASHINGTON (Reuters) - The U.S. economy expanded at a stronger-than-first-reported 3.3 percent annual rate in the second quarter, as consumer spending and net exports were more robust than initially e... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279653/ Thu, 28 Aug 2008 09:15:35 -0400 Reuters http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279653/ UK investment fund Henderson Group has announced it is to establish a new parent company in the Republic of Ireland to reduce its tax bill. Henderson said the move would cut the rate of corporation t... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279633/ Thu, 28 Aug 2008 08:43:31 -0400 BBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17279633/ Taxing excess profits to recompense over-charged consumers is a strange way to proceed. Why not ask why are people being over-charged in the first place?The argument for a windfall tax is that energy ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275748/ Thu, 28 Aug 2008 06:02:45 -0400 Guardian http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275748/ By Sudip Kar-GuptaPARIS (Reuters) - French banks showed the scars of the financial crisis on Thursday, with heavy asset writedowns stripping Credit Agricole http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275754/ Thu, 28 Aug 2008 06:00:34 -0400 Earth Times http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275754/ Microsoft's new Web browser, Internet Explorer 8, is now available in a beta version meant for ordinary users, and it is a pretty good piece of software. Besides the private browsing mode, calle... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275750/ Thu, 28 Aug 2008 05:44:02 -0400 International Herald Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275750/ COLUMBIA, S.C. - South Carolina agriculture officials say the new State Farmers Market should be finished by the time the tomatoes and peaches ripen in late spring 2010. Ground was broken on the new... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275752/ Thu, 28 Aug 2008 06:12:21 -0400 Star Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275752/ Photograph: PA Aer Lingus warned today that it needs to cut costs across its business, raising fears of job losses, after plunging into a loss for the first half of this year.The airline posted an o... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275744/ Thu, 28 Aug 2008 06:02:39 -0400 Guardian http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275744/ the centralized regulatory reporting team provides regulatory support for a growing number of lines of businesses within the investment bank, including am rates... . http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275749/ Thu, 28 Aug 2008 06:02:38 -0400 Guardian http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275749/ It made just over £2.3bn in the year to June 30 compared to £2.12bn the year before. The drinks giant says the figures were boosted by sales of scotch in Latin America and beer in Africa. Overall ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275751/ Thu, 28 Aug 2008 05:46:18 -0400 Sky News http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275751/ Excerpts from the blog For some reason, tech journalists and bloggers love it when there's a chance to use the word "porn" in their stories. Maybe they're hoping to lure more search engine traffic, ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275740/ Thu, 28 Aug 2008 05:53:23 -0400 The Seattle Times http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275740/ , AMEC CEO, said because of the good results and the work the group was doing, AMEC was increasing its margin guidance for 2010 from 8% to 8.5%. Commenting on the group's outlook, Mr Brikho said t... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275728/ Thu, 28 Aug 2008 05:12:58 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275728/ profile ) said Thursday that its second-quarter net profit rose 38% to 8.3 million euros ($12.2 million) as revenue for the quarter grew 6.7% to 869.5 million euros. The group said earnings before in... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275755/ Thu, 28 Aug 2008 05:42:00 -0400 Market Watch http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275755/ TOKYO - Toyota lowered its global sales target for 2009 by 700,000 vehicles to 9.7 million Thursday, showing that even one of the world's most durable automakers is being hurt by rising material cost... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275753/ Thu, 28 Aug 2008 06:12:22 -0400 Star Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275753/ Diageo, the world's biggest alcoholic drinks group, met forecasts on Thursday with an 11 percent rise in annual earnings, but cut its profit growth target due to the economic slowdown and rising input... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275756/ Thu, 28 Aug 2008 05:58:45 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275756/ All Associated Press news AMSTERDAM, Netherlands (AP) - Royal Ahold NV, the Dutch owner of the Stop & Shop and Giant grocery chains in the United States, reported a sharp fall in second quarter ea... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275729/ Thu, 28 Aug 2008 05:12:57 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275729/ Savills has seen pre-tax profits tumble by a hefty 41% as the global credit crunch and downturn in the City has dampened demand for its high-value properties.The London-listed consultancy, which speci... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275747/ Thu, 28 Aug 2008 06:02:43 -0400 Guardian http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275747/ Hong Kong - Hong Kong stocks slumped nearly 2.3 per cent Thursday as pessimism gripped the market amid concerns over the earnings outlook of some big companies. The Hang Seng Index lost 492.43 points ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275741/ Thu, 28 Aug 2008 06:00:31 -0400 Earth Times http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275741/ PARIS, August 28 /PRNewswire-FirstCall/ -- - Solid Operational Performance, in Line With 2008 Objectives - Confirmation of 2008-2010 Financial Objectives http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275730/ Thu, 28 Aug 2008 05:12:56 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275730/ Stagecoach said this morning.The company, which operates public transport services across the UK, said it had seen a significant increase in passenger numbers since May.Its bus division has performed ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275745/ Thu, 28 Aug 2008 06:02:41 -0400 Guardian http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275745/ Two passenger jets had to make emergency landings after two incidents, involving a leaking jar of mushroom soup and a microwave fire, this week.Hundreds of holidaymakers had their flights disrupted as... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275746/ Thu, 28 Aug 2008 06:02:42 -0400 Guardian http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275746/ TOKYO (Reuters) - Oil rose for a fourth straight day to above $119 a barrel on Thursday, on fears Tropical Storm Gustav may hit the Gulf of Mexico after it morphs into a major hurricane, crippling the... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275736/ Thu, 28 Aug 2008 05:40:11 -0400 Reuters http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275736/ LONDON (MarketWatch) -- U.S. stock futures slipped Thursday as oil and natural-gas futures continued to advance as fears about Tropical Storm Gustav remained, with results to come from retailers which... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275724/ Thu, 28 Aug 2008 06:05:57 -0400 MarketWatch http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275724/ /Xinhua-PRNewswire-FirstCall/ -- Chunghwa Telecom Co., Ltd (TAIEX: 2412; NYSE: CHT) ("Chunghwa" or "the Company"), today reported its consolidated operating results for the first six months of 2008.... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275732/ Thu, 28 Aug 2008 05:12:54 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275732/ US companies could have to use international accounting standards by 2014, under a proposal put forward by the Securities and Exchange Commission. The five SEC commissioners proposed a timetable for ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275727/ Thu, 28 Aug 2008 05:12:24 -0400 BBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17275727/ CARACAS, Venezuela – President Hugo Chavez said Wednesday that wholesale gasoline sales by private companies in Venezuela will soon disappear after his congressional allies pass a bill nationali... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272098/ Thu, 28 Aug 2008 02:41:25 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272098/ PITTSBURGH – The United Steelworkers union said Wednesday its members had voted to give it the authority to launch a nationwide strike against ArcelorMittal, the world's largest steel producer, ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272099/ Thu, 28 Aug 2008 02:41:24 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272099/ REDWOOD SHORES – Oracle Corp. has hired Jeff Epstein as its new chief financial officer to replace Safra Catz, who had held the job for nearly three years while also serving as one of the busine... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272103/ Thu, 28 Aug 2008 02:41:16 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272103/ DETROIT – With U.S. sales continuing to decline, a top Ford Motor Co. executive said he expects to see more Ford, Lincoln and Mercury dealers willing to consolidate with others, speeding up plan... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272101/ Thu, 28 Aug 2008 02:41:20 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272101/ MINNEAPOLIS – United Airlines said on Wednesday it will furlough 1,550 flight attendants as it reduces its flying this fall. The furloughs work out to roughly 10 percent of United's cabin wor... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272105/ Thu, 28 Aug 2008 02:41:14 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272105/ The price of a typical house fell by 1.9% in August to bring the yearly drop to 10.5%, according to the building society's monthly report. The average home now costs £164,654, down from £169,316 a ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272125/ Thu, 28 Aug 2008 02:56:09 -0400 Sky News http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272125/ BOSTON – U.S. mutual fund companies collect $12 billion per year in fees for their funds. And some $442 million of this comes at funds that are closed to new investors – charges that are a... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272110/ Thu, 28 Aug 2008 02:41:10 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272110/ European shares were set to open slightly higher on Thursday amid a flurry of corporate results, with gains tempered by an oil price that threatened to rise past $120 a barrel. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272132/ Thu, 28 Aug 2008 03:08:02 -0400 CNBC http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272132/ MICROSOFT has released a second test version of Internet Explorer 8, delivering a feature-complete upgrade to the world's most widely used web browser. http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272039/ Thu, 28 Aug 2008 02:42:37 -0400 The Australian http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272039/ TUCSON, Ariz. – A Grupo Mexico subsidiary has filed a bankruptcy reorganization plan seeking to regain control of copper producer Asarco LLC, based in Tucson, U.S. Bankruptcy Court documents sho... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272102/ Thu, 28 Aug 2008 02:41:17 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272102/ NEW YORK – Wall Street posted a sizable advance Wednesday after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods that indicated the economy cou... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272109/ Thu, 28 Aug 2008 02:41:09 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272109/ NEW YORK – Treasury bonds rebounded Wednesday to finish slightly higher amid uncertainty over whether troubled mortgage financiers Fannie Mae and Freddie Mac would need a government bailout. ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272112/ Thu, 28 Aug 2008 02:41:07 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272112/ SANTIAGO, Chile – Economic growth in Latin America and the Caribbean will slow to an average 4.7 percent in 2008 as central banks boost interest rates to combat rising inflation, the U.N.'s Econ... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272115/ Thu, 28 Aug 2008 02:41:05 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272115/ ANCHORAGE, Alaska – Alaska Gov. Sarah Palin has signed a bill authorizing the state to award a license to TransCanada Corp. to start developing a natural gas pipeline. Palin signed the bill o... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272100/ Thu, 28 Aug 2008 02:41:21 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272100/ In an apparent environmental first, Xcel Energy Inc. has agreed to spell out the potential impact of global climate change on its fortunes and that of its investors, according to a deal announced Wedn... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272127/ Thu, 28 Aug 2008 03:22:24 -0400 Star Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272127/ Most flights around the country were back to normal Wednesday, a day after problems with the National Airspace Data Interchange Network computer south of Atlanta. Those problems occurred during rou... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272116/ Thu, 28 Aug 2008 02:41:03 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272116/ NEW YORK – The Chicago Sun-Times said Wednesday it is considering an unspecified number of job cuts, blaming declining advertising revenue. Any reductions, which could be announced next week,... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272121/ Thu, 28 Aug 2008 02:40:59 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272121/ Posted on: Wednesday, 27 August 2008, 21:00 CDT By COURTNEY SHERWOOD Hewlett-Packard Co. plans to lay off 17 Vancouver employees, effective mid-October, company officials told the Washington Employme... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272133/ Thu, 28 Aug 2008 03:20:57 -0400 RedOrbit http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272133/ NEW YORK – Most commodities prices advanced Wednesday, lifted by the rising price of oil as traders eyed the trajectory of Tropical Storm Gustav. The storm, though downgraded from hurricane s... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272117/ Thu, 28 Aug 2008 02:41:02 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272117/ PHILADELPHIA – Members of the largest union at The Philadelphia Inquirer and the Philadelphia Daily News have voted to postpone a $25-a-week raise. The Newspaper Guild of Greater Philadelphia... http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272113/ Thu, 28 Aug 2008 02:41:06 -0400 San Diego Union-Tribune http://story.srilankasource.com/index.php/ct/9/cid/3a8a80d6f705f8cc/id/17272113/