Archive for May, 2008

Gujjar stir: Raj Govt replaces top cop

Saturday, May 31st, 2008

Jaipur, May 31: Director General of Police A S Gill has been asked to proceed on long leave, ...

Infinity to begin phase 3 trial of cancer drug

Saturday, May 31st, 2008

NEW YORK, May 31 (Reuters) - Infinity Pharmaceuticals Inc(INFI.O: Quote, Profile, Research) said on Saturday it plans to begin late-stage testingof its experimental cancer drug for gastrointestinal stromaltumors (GIST) that have failed to respond to other treatments. The phase 3 placebo-controlled ...

UPDATE 2-Paulson says dollar peg has served Mideast well

Saturday, May 31st, 2008

(Adds detail, background, quotes) By David Lawder and Souhail Karam JEDDAH, May 31 (Reuters) - U.S. Treasury Secretary HenryPaulson said on Saturday the dollar peg for currencies in theGulf Arab countries had served the region well ...

BASF slams EU gas network regulation plan - report

Saturday, May 31st, 2008

FRANKFURT, May 31 (Reuters) - German chemicals maker BASF(BASF.DE: Quote, Profile, Research), also active in Europe's gas market, thinks a EuropeanUnion proposal to regulate gas distribution would lead to less,not more, competition, a German weekly has reported. EU policymakers, keen to ...

Finmeccanica to decide soon on capital hike - CEO

Saturday, May 31st, 2008

PISA, Italy, May 31 (Reuters) - Italy's Finmeccanica SpA(SIFI.MI: Quote, Profile, Research) said on Saturday it was deciding on the size of acapital increase to help pay for its $4 billion takeover of DRSTechnologies Inc. (DRS.N: Quote, Profile, Research). Finmeccanica, a ...

More UK credit card fraud cases traced to India

Saturday, May 31st, 2008

London, May 31: More cases of international credit card fraud with links to India have come to light ...

Italy court rejects Mediaset appeal to EU ruling

Saturday, May 31st, 2008

ROME, May 31 (Reuters) - Italy's highest court onadministrative matters on Saturday upheld a European Union courtruling that found the way broadcasting frequencies are sharedout are unfair. The ruling by the Council of State rejected an appeal byMediaset (MS.MI: Quote, Profile, ...

BMW wants suppliers to share higher costs - report

Saturday, May 31st, 2008

FRANKFURT, May 31 (Reuters) - German car maker BMW (BMWG.DE: Quote, Profile, Research)wants its suppliers and sub-contractors to shoulder more of theburden of higher raw material costs, the German industrynewsletter Automobilwoche reported on Saturday. "Since 2004 raw materials have led to ...

TABLE-Tata Tea Q4 net profit soars

Saturday, May 31st, 2008

May 31 (Reuters) - Three months ended March 31.(Versus the same period a year earlier, in million rupeesunless stated) Net profit 1,130.0 vs 520.1 Total ...

Paulson says dollar peg has served Mideast well

Saturday, May 31st, 2008

JEDDAH, May 31 (Reuters) - U.S. Treasury Secretary HenryPaulson said on Saturday the dollar peg for currencies in theMiddle East had served those countries well and any changes tothe peg would be a sovereign matter. Paulson, on a visit to Saudi ...