Salt Lake City Sun
SaltLakeCitySun.com Thursday 11th March 2010 Volume 8/1005
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Sri Lanka doing massive deals with ChinaSri Lanka doing massive deals with China
Sri Lanka will soon build a second international airport on the south of the island, with much of the money coming from...


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BA strike to go ahead after talks failureBA strike to go ahead after talks failure
There has been no agreement reached between British Airways and the Unite...
Defects unable to stop Toyota sales in USDefects unable to stop Toyota sales in US
The US sales of Toyota vehicles declined nearly 9 percent in...
Chrysler takes Volkswagen exec to run FiatChrysler takes Volkswagen exec to run Fiat
The Chrysler Group in the US has named a new executive to head the reintroduction of the Fiat brand to the local...
Kansas City school district shrunken to reduce deficitKansas City school district shrunken to reduce deficit
In the US, the school board in Kansas City has decided to close 26 of the city's 59 public schools to keep the district afloat...
Carlos Slim becomes the new Bill GatesCarlos Slim becomes the new Bill Gates
Mexican telecom giant Carlos Slim has topped Forbes magazine's billionaire's...
UK bank has better time in 2009UK bank has better time in 2009
The Northern Rock bank in the UK has announced good progress throughout 2009 as it prepares to be...
Orange County residents can now go direct to the islandsOrange County residents can now go direct to the islands
The John Wayne Airport in Orange County, California has been given permission to once again run flights to and from the Hawaiian...
Russia goes to Argentina for caviar fixRussia goes to Argentina for caviar fix
A Russian company has gone to Argentina to increase its supply of...
Forbes says Gates no longer the world's richest
Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 per cent over the last...
Emaar Properties to go ahead with Lombok proposalEmaar Properties to go ahead with Lombok proposal
Gulf company, Emaar Properties, has announced it will restart discussions with the Indonesian government on a project that was postponed during the economic...
Citigroup Ceo Says Bank On Path To Profitability
NEW YORK — Citigroup Inc. CEO Vikram Pandit says the bank is on a path toward "sustained profitability" as it sheds risky assets and focuses on emerging markets. Pandit says the bank sees...
Long The Face Of Pa. Organized Labor, Bill George To Step Down As President Of State Afl-cio
HARRISBURG, Pa. - After 20 years as the face of organized labor in Pennsylvania and 50 years since the United Steelworkers issued his first union card, Bill George is stepping down as the state...
Microsoft Offers Netsuite Customers Incentive To Switch To Dynamics Erp
REDMOND, Wash., March 11 /PRNewswire-FirstCall/ -- Microsoft Corp. is offering midsize businesses looking to benefit from advanced functionality, easy interoperability with other line-of-business...
Walt Disney Bets On Southern Audience
MUMBAI: The Walt Disney Company in India on Thursday announced its first locally developed studio project aimed specifically at southern audiences. The yet to be named epic fantasy adventure is to be...
Sir Brian Pitman, Former Lloyds Chairman, Dies Aged 78
Brian Pitman, chairman of Lloyds TSB Photograph: Martin Godwin Tributes were pouring in tonight after the sudden death of Sir Brian Pitman, one of the most highly respected bankers of his...
Morrisons' Profits Up 20% As It Prepares For New Chief
With profits up and a further 60 stores planned, the supermarket chain is ready for new chief Dalton Philips Photograph: Martin Rickett/PA Wire/Press Association Images The board of the supermarket...
Microsoft Tries To Lure Netsuite Users With New Deal
IDG News Service - Microsoft is offering financial enticements to customers of on-demand ERP vendor NetSuite to switch over to Microsoft's Dynamics family of business applications. NetSuite customers...
Citigroup Sees Return To Sustained Profitability: Pandit
Chief Executive Vikram Pandit told investors Thursday that the bank is on track to return to sustained profitability, and that losses from some of its worst assets should be manageable if the economy...
House, Senate Leaders Agree On Most Of Health Bill
March 11 (Bloomberg) -- House and Senate leaders have agreed on most elements of legislation needed to push forward President Barack Obama’s proposed overhaul of the U.S. health- care system,...
Cboe Files To Sell As Much As $300 Million In Ipo
March 11 (Bloomberg) -- The Chicago Board Options Exchange, the largest U.S. equity derivatives market and the last major member-owned American bourse, filed to sell as much as $300 million in stock...
Home Equity Lending That Fueled Spending To Recover
March 11 (Bloomberg) -- John Hale’s four-bedroom house near Seattle is worth about $2 million and is 90 percent paid for. It still took him nine months to find a bank that would give him a...
India’s Stalled Arms Buying Leaves Its Army Outgunned By China
March 12 (Bloomberg) -- India, which has tripled its defense spending in a race against China’s military buildup, is having trouble converting the funding into weapons and equipment its...
Regulator Faults Wall Street Banks On Derivatives
Wall Street banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regulator said...
Asset Sale Boosts Piedmont Earnings
Inc. reports net income of $113.7 million, or $1.55 per diluted share, its first fiscal quarter that ended Jan. 31. The Charlotte-based company, which provides service throughout the Triad, earned...
Emerging Nations' Billionaires Eating Into American Pride
WASHINGTON: Bill Gates is not the world's richest man anymore. Carlos Slim is the new fat cat. The Mexican telecom tycoon has displaced Gates at the top of Forbes billionaires list for 2010. The ...
Unions Map ‘make Wall Street Pay’ Blitz On Goldman
Did they realize, Trumka asked, that Wall Street bankers gave their employees $16.2 billion in bonuses? “If you and your fellow workers had a chance to talk to some of those Wall Street people,...
Us Trade Deficit In Surprise Fall
The US trade deficit fell unexpectedly in January, following a big drop in imports of oil and foreign cars.The US Commerce Department said the trade gap was a seasonally adjusted $37.3bn...
Union Threatens To Ballot Ba Ground Staff
British Airways is facing a second potential dispute, with the Unite union threatening to ballot ground staff over proposed changes to working practices, Sky sources...
Hsbc Data Theft Hits 15,000 Rich Customers
Banking giant HSBC has apologised after revealing that details of 15,000 wealthy customers who held accounts with its Swiss private bank were stolen by an...
Google Reader Play: Ipad-friendly News Reader
Google has added an iPad-friendly version of its RSS aggregator, called Google Reader Play. According to the official Google Reader blog, the new full-screen slideshow is for people who...
Northrop Sees Work Slowdown At Maryland Plant
SAN FRANCISCO -- Northrop Grumman Corp. said Thursday that it expects to a see a lull in work at its maintenance and modification center in Hagerstown, Md. About 180 employees will be affected....
Copper, Gold End With Slight Gains
NEW YORK -- Copper futures finished with slight gains on Thursday, receiving a boost after Chile, the world's largest producer of the metal, was hit by aftershocks to last month's earthquake. Copper...
Update: Us Trade Officials: Enforcement Key As Seek New Markets
(Adds comments beginning in the eighth paragraph.) WASHINGTON -(Dow Jones)- The Obama administration will strictly enforce existing trade deals as it seeks to expand into new markets and double...
Pulte To Buy Back Damaged Texas Homes
PHM ) offered to purchase 27 San Antonio homes damaged by a January retaining-wall collapse that created crevices up to 15 feet deep and eight feet wide. The builder will also erect a new wall, a...
New Zealand Fin Min: Government To Control Public Spending Growth
WELLINGTON -(Dow Jones)- New Zealand Finance Minister Bill English said Friday the government would heed the Reserve Bank of New Zealand's call to control public spending to help curb a rise in...
Tech Stocks: Broad-market Weakness Hinders Tech Stocks
Technology stocks continued to waver in afternoon trading Thursday as the sector got caught up in the broader market's marginal losses, fueled by rising prices and China and ever-present concerns...
Ecuador's Esmeraldas Refinery To Shut Down For 15 Days
QUITO -(Dow Jones)- Ecuador's state-owned Esmeraldas refinery will close for a 15-day maintenance period Friday, said the country's minister of nonrenewable natural resources, Germanico Pinto. At a...
Update: Devon, Bp Deal Highlights Strong Asset Market
DVN ) deal to sell off the bulk of its offshore and international assets to U.K. oil giant BP PLC (BP, BP.LN) for $7 billion will help it raise more money than the company expected from its asset...
Update: Citi Goal Is Up To 1.5% Return On Assets In Core Businesses
C ) Chief Executive Vikram Pandit's presentation at his bank's financial services conference show that Citi's goal is to generate a 1.25% to 1.5% return on assets in its core businesses. Last year,...
Citigroup Sees Return To Sustained Profitability
C.N ) Chief Executive Vikram Pandit told investors on Thursday that the bank is on track to return to sustained profitability, and that losses from some of its worst assets should be manageable if...
Fed Seen Keeping "extended Period" Low Rate Vow
(Reuters) - Lingering U.S. labor market weakness and nagging doubts about the solidity of the economic recovery are expected to keep the Federal Reserve committed to holding borrowing costs very low...
Clairvest Loses Bid For Aqueduct Gaming Licence
Gamers play the slot machines at the Empire City Casino in Yonkers, New York. The Aqueduct Entertainment Group consortium was denied a licence to operate a similar facility at Queens. N.Y....
Emerging Markets Urged To Learn From Canada's Past
Bank of Canada governor Mark Carney said Thursday emerging economies should allow their currencies to appreciate, in an effort to unwind massive trade imbalances and ensure global economic...
Td's Don Drummond To Retire
OTTAWA -- Don Drummond, the chief economist at Toronto-Dominion Bank and much-quoted analyst on matters related to federal fiscal policy, will retire at the end of June, the bank announced Thursday. ...
Bp To Pay Devon Us$7-billion For Oil Fields
LONDON -- London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields. The...
Hopes For Financial Reform Dim As U.s. Deal Fails
Senator Bob Corker said the White House's efforts to push through sweeping healthcare reforms at the same time lawmakers were grappling with rewriting financial regulations derailed the...
Toronto Stocks Flat As Economic Data Fails To Impress
An array of economic data coming forth on Thursday, from Canada and elsewhere, failed to give stocks any obvious signal of which way to turn. At midday, the Toronto Stock Exchange's S&P/TSX...