New York Statesman
NewYorkStatesman.com Saturday 31st July 2010 Issue 2010/3007
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Gulf beaches will see fewer oil spill workersGulf beaches will see fewer oil spill workers
Incoming BP chief executive Bob Dudley has made a commitment to tackling the environmental oil damage in the Gulf of Mexico, but has also said it is time for the company to scale back some aspects of the oil spill...


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Air cargo investigation leads to guilty plea for NorthwestAir cargo investigation leads to guilty plea for Northwest
Northwest Airlines has decided to plead guilty for its role in fixing air-cargo...
Code share arrangements between US and Mexico stoppedCode share arrangements between US and Mexico stopped
Mexico's aviation safety rating has been downgraded by the US oversight organisation, the Federal Aviation Administration. The FAA has given Mexico a category 2 rating, which is often given to Third World countries. Mexican airlines will not be able...
Report says interns could claim back wagesReport says interns could claim back wages
A new report from a US think tank, Internocracy, has said young people working for free as interns are legally entitled to be...
Islamic banking conflicts studied by legal professionalsIslamic banking conflicts studied by legal professionals
There appear to be possible conflicts between civil and Islamic law in Malaysia, in regard to the country's...
Incoming BP CEO vows long term support for Gulf residentsIncoming BP CEO vows long term support for Gulf residents
BP will begin scaling back its oil containment efforts, CEO-elect Robert Dudley told reporters on his first trip to the Gulf since the board...
Spain unemployment double EU averageSpain unemployment double EU average
Spain's economy continues to take a hammering with the latest unemployment figures showing the highest levels in thirteen...
BA fails to make profit in second quarterBA fails to make profit in second quarter
BA has reported a loss of over £200 million in the second quarter of 2010, but still sees breakeven or profit for end of...
Metro bank opens on Sunday as battle for high street hots up
Shoppers piling out of Holborn tube station on their way to Covent Garden today will be greeted by an unusual sight: a bank open for business on a Sunday. Metro, the first new bank to open on the...
Abolition of retirement age is wise, but it won't solve the pensions problem
The coalition's move to abolish the default retirement age of 65 is a step in the right direction, but simply allowing people to work longer will not solve...
For BBC bosses Salford just won't do
Peter Salmon, the director of BBC North, may or may not be making the move to Manchester a permanent one. Photograph: Christopher Thomond for the...
A good woman economist is hard to find
When the Bank of England's monetary policy committee meets this week to set interest rates, it will be the first time that a full-strength gathering of nine has been male-only.Kate Barker, who has...
Corus redundancies in stark contrast to bosses' lavish payouts
Tata Steel Europe's accounts reveal the highest-paid executive, almost certainly Adams, received a £2m package last year. His no-doubt generous payoff will not be disclosed until 2011. Executives...
Give me Ryanair's brazen villainy over the bogus compassion of BP | David Mitchell
Ryanair has a big picture of Robert Mugabe shaking his fist, under the headline: "Here's EasyJet's New Head of Punctuality". This sends out a confused message. I'm no Zimbabwe expert but I'm fairly...
Spotlight: Kodak | Printer sales ease quarterly loss
Robust inkjet printer sales and fewer charges narrowed Eastman Kodak Co.'s loss to $168million in the second quarter, but its slumping film business cast a shadow over the photography pioneer's...
Do Not Call List Tops 200 Million, Some Still Ignore It
Before the ban, telemarketers portrayed their calls as Constitionally protected 'unpopular' free speech. The Federal Trade Commission announced a milestone this week: its Do Not Call registry...
Earnings outstrip jobs, economic growth
THE US stock market is likely to keep pulling risk on and off the table in the days ahead, with more earnings reports and a full slate of data on the economy, employment in particular, due in the...
Mosaic To Appeal Ruling Forcing Fla Phosphate Mine Closure
MOS ) said Saturday it will appeal a ruling by the U.S. District Court for the Middle District of Florida granting an injunction against the company expanding its South Fort Meade phosphate mine, the...
Citigroup, SEC settle sub-prime mortgage exposure charges for $75 million
alleged [complaint, PDF] that Citigroup "repeatedly made misleading statements about the extent of its holdings of assets backed by sub-prime in earnings calls and public filings." Citigroup...
Boeing Subsidiary Lands $43.7M Military Contract
Boeing subsidiary Insitu Inc. has won a $43.7 million contract to build the military's next generation of remote-controlled spy craft. The company based in the Columbia River Gorge town of Bingen,...
- US stocks facing volatile week ahead of jobs report
US indices put up a superb performance last month, with the Dow Jones Industrial Average and the S&P 500 posting their best monthly gains in a...
- Asian stocks rise in longest streak since March
BLOOMBERG AND AFP , HONG KONGSunday, Aug 01, 2010, Page 10 Asian stocks rose for the fourth consecutive week, their longest winning streak in four months, as company earnings reports boosted...
Yankees Acquire Three Players as MLB Trade Deadline Expires
July 31 (Bloomberg) -- The New York Yankees, with the best record in the majors midway through the season, acquired a pitcher, infielder and outfielder before the Major League Baseball trade deadline...
Coast Guard:Efforts To Contain Smaller Gulf Well Leak To Begin Sunday
NEW YORK -(Dow Jones)- The U.S. Coast Guard said that operations will begin Sunday to secure a leak at a well offshore Louisiana. The leak began after the well was hit by a towing vessel four days...
Exxon Mobil is paying its taxes
Wherefore art thou, corporate social responsibility? ": I know that Hesse is not the author, but I just wanted to set the record straight about the claim he cited that Exxon Mobil did not pay U.S....
Spirit Airlines' Carry-on Bag Fee Starts Sunday
Spirit Airlines passengers may want to get to the airport a little earlier than normal Sunday as a new fee on carry-on bags takes effect. Spirit sparked controversy in April when it announced...
Pipe Break That Caused Michigan Oil Spill Is Found
Crews clean up oil, from a ruptured pipeline, owned by Enbridge Inc, near booms where Talmadge Creek meets the Kalamazoo River in Marshall Township, Mich., July 30, 2010. The Canadian company that...
Officials pinpoint spot where pipeline broke, causing huge Kalamazoo River oil spill in Mich.
MARSHALL, Mich. - Officials say they've located the pipeline break that caused hundreds of thousands of gallons of oil to spew into a major river in southern Michigan. An official with the Canadian...
FDIC Shuts Banks in Fla., Ga., Ore., Wash.
(AP) Regulators on Friday shut banks in Florida, Georgia, Oregon and Washington, lifting to 108 the number of U.S. banks to fail this year as the industry has struggled to cope with mounting loan...
Salazar Tours Rigs in Gulf, Keeps Drill Ban
Interior Secretary Ken Salazar, right, looks at blowout preventer controls as he tours the Murphy Front Runner deep water oil drilling rig off the coast of Louisiana on...
Japanese User Claims Twitter's 20 Billionth Tweet
Twitter's 20 billionth message didn't make much sense, but it spoke volumes about the rapid global growth of the microblogging service. It came at 12:44 a.m. Sunday (1544 GMT, 11:44 a.m. EDT...
Oil Spill Taints UC Berkeley's BP-Funded Research
In this July 30, 2010 photo, demonstrator Gene Bernardi holds a sign during a protest in Berkeley, Calif., to mark the 100th day anniversary of BP oil spill. BP's catastrophic oil spill in the Gulf...
Mass. House Approves Casino Gambling Bill
The Massachusetts House voted Saturday for a compromise bill that would create the most sweeping expansion of gambling in the state in four decades, even as Gov. Deval Patrick vowed not to sign the...
Suit: Jewel-Osco parent used 'dirty tricks' to block Wal-Mart
BY JOHN ROSZKOWSKI Pioneer Press A federal lawsuit has been filed against SuperValu, the parent company of Jewel-Osco, by the developer of a proposed shopping center in north suburban Mundelein...
Mass. House approves casino gambling bill, Senate considering; Governor against measure
BOSTON - The Massachusetts House voted Saturday for a compromise bill that would create the most sweeping expansion of gambling in the state in four decades, even as Gov. Deval Patrick vowed not to...
Obama says he'll call GOP's bluff on deficit talk and offer `a bunch of ideas' of his own
WASHINGTON - President Barack Obama has a warning for Republicans who denounce the federal deficit but reject proposals to cut it. Obama tells CBS, "I'm going to call them on their...
Analyst Research on JPMorgan , MetLife , Citigroup , UBS AG and Many More Available Free at BedfordReport.com
TORONTO--(Marketwire - July 30, 2010) - The Bedford Report is pleased to announce that its latest Market Update analyzing recent news and events on JPMorgan Chase & Co....
First National Bank of Northern California Reports Second Quarter 2010 Earnings of $0.16 per Diluted Share
FNBG ), parent company of First National Bank of Northern California (the "Bank"), today announced net earnings available to common shareholders for the second quarter of 2010 of $525,000 or $0.16...
Coalition three months on: the budget
budget in June was the most radical and controversial for a generation, laying out the fiscal gamble that is likely to make or break the first coalition government in postwar Britain.Flanked by...
China's biggest gold producer makes 3-fold profit
BEIJING: China National Gold Group Corp., the country’s biggest gold producer, has reported a three-fold increase in its profits to $228 million in the first half of 2010. But it did not clarify...
Cuba readies to dive into offshore oil exploration
July 31, 2010 * Offshore drilling rig expected in Cuba in early 2011 * Oil companies preparing for full-scale exploration * U.S. companies forbidden by U.S. trade...
Your Wedding Gift Dilemmas Solved
Guests spend an average of $60 to $120 on a wedding gift, depending on their relationship with the couple, according to TheKnot.com and WeddingChannel.com 2009 Registry...
How to Be a "Super Saver"
secrets of so-called "super savers," and what they have in common. According to her report, super savers delay gratification, have no impulse buys, have an absolute avoidance of debt, automate their...
China Setting Milestone as Economy Passes Japan's
China is set to overtake Japan as the world's second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are designed. ...
Paperwork Nightmare: A Struggle to Fix New Law
Tucked into the new health care law is a requirement that could become a paperwork nightmare for nearly 40 million businesses. They must file tax forms for every vendor that sells them more than...
China milestone: Economy seen overtaking Japan's, highlighting challenges at home and abroad
BEIJING - China is set to overtake Japan as the world's second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are...
Debris linked to tropical storm found in relief well, setting back work on stopping gusher
NEW ORLEANS - Tropical Storm Bonnie left crews working to plug the Gulf oil gusher a little memento that is expected to push their work back about a day. Crews found debris in the bottom of the...
Crude Carriers Corp. Schedules Second Quarter 2010 Earnings Release and Conference Call
CRU ) announced today that it will release financial results for the second quarter ended June 30, 2010 before the market opens in New York on Tuesday, August 10, 2010. The Company will also declare...
Microsoft to challenge Yahoo Japan-Google deal
's search and advertising technology should be blocked. “We plan to present evidence to the Japanese FTC explaining why we believe that this deal is substantially more harmful to...