Israel Herald
IsraelHerald.com Sunday 6th July 2008 Issue 1536
Front Page Breaking Business News
50,000 in South Korea protest against U.S. beef imports


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South Korean police estimate 50,000 people turned out in Seoul Saturday in the latest protest against the resumption of U.S. beef...


Marseille bids to be hub of new Mediterranean union
Some 40 heads of state from the Middle East, North Africa and Europe gather in Paris next Sunday to launch a new agreement aimed at reinforcing cooperation between the European Union and non-European nations bordering the Mediterranean....


Bush in Japan for G8 summit
U.S. President George Bush is traveling to Japan for a summit of leaders from the world's eight leading industrialized nations, known as the Group of...


Austrian court convicts nine bank fraudsters
Nine people have been convicted of criminal charges in a major Austrian bank fraud...


Inflation rate blows out in Iran
Iran's inflation rate, which has provoked intense criticism of the government, reached 26 percent in...


Air India applies to fly polar route
Air India intends using the polar routes for long haul...


Indian brothers facing fraud charges
Narendra Rastogi, an Indian man accused of fraud, has been extradited back to his homeland from the...


Pringles not potatoes says judge
A High Court judge in London has ruled that Pringles, the tubed snack food, are not potato...


Credit Mutuel of France bids for Citigroup
Credit Mutuel of France has bid for the German retail banking activities of US giant...


Rogue trader bank fined for carelessness
France's central bank has fined Societe Generale $6.3 million for shortcomings in its internal...


Mandela takes action against London gallery
Former South African president Nelson Mandela has decided to take legal action against an art gallery in London for selling sketches it says are...


EU speeds up energy efficiencies
To ease the soaring cost of fossil fuels, EU ministers have promised to place energy efficiency at the heart of their goals on climate change....


Decorative art attracts maximum buyers
An 'investment artist' is a popular phrase, coined by art dealers and galleries, to attract prospective clients to invest in art. What new buyers and investors need to understand is that not all...


NSA Spying Judge Defends Rule of Law, Congress Set to Strip His Power
Just days before the Senate will convene to give a final blessing to President Bush's secret, warrantless wiretapping program, a federal court judge ruled that his legal justification for the...


Salmonella puts tomato farmers in red
WASHINGTON – The government on Saturday increased the number of people reported being sickened in a record salmonella outbreak in which tomatoes are the leading suspect although investigators...


Challenges abound for Bush at last economic summit
WASHINGTON – The problems do not get any easier as President Bush attends his final summit with leaders of industrialized democracies. Disputes over global warming, worries about soaring oil...


Foreclosures to rise whoever wins White House
Obama supports a broader role for government than does McCain. Both envision the Federal Housing Administration providing new, cheaper mortgages to distressed homeowners who otherwise would have...


Employers use federal law to deny benefits
But Spherion Corp., the temporary staffing company where Amschwand worked, told Amschwand-Bellinger she would not receive any of the $426,000 in benefits she believed she was due. When she went to...


U.S. share of foreign tourists slips
LAS VEGAS – Despite the weak U.S. dollar, a boom in international travel around the world hasn't translated into an explosion of foreign tourists to the United States. Explanations range...


Smooth sailing for yacht builders despite economy
“There are a lot of people with new wealth looking for relaxation and enjoyment,” said John Dane III, president of privately owned Trinity Yachts, the largest U.S. builder. These days,...


Companies begin quest for oil, gas off Florida
PENSACOLA, Fla. – Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide. No...


Sex Toy Shopping Should Be Fun
Sometimes I need to slow down and remember what it's like to walk into an adult store and see what's actually on the shelves for general consumers. I get so immersed in the up-and-coming technologies...


BP sues Russian partners in TNK-BP
Stock Buzz ) said on Saturday it is suing its partners in the Russian venture TNK-BP TNBPI.RTS in London for 8.4 billion roubles ($357.3 million), money it believes should not have been paid out as...


No same day flights
NEW DELHI: Here's another casualty of soaring oil prices and inflation: Fy-in and fly-out same day is fast fading across India Inc. Till recently, many executives didn't remember the last domestic...


Jaane Tu... Ya Jaane Na clicks
MUMBAI: Aamir Khan's Jaane Tu... Ya Jaane Na has won the first round of its much-awaited battle with Harry Baweja's Love Story 2050. The simple college-bound love story, featuring newcomer Imraan...


A mixed showing in world stock markets
European markets fell and Asian markets were mixed Friday as investors digested uneven readings on the U.S. economy and oil prices that remained near records. Japan posted its 12th straight day of...


Corporate earnings on track for fourth straight quarterly drop
The profits of large U.S. companies are poised for their fourth straight year-over-year drop, with the housing market collapse and high energy prices accounting for much of the second quarter's...


Led Zeppelin Uncomfortable Lending Music to Rhythm Games
@roc* The "go play a real guitar" schtick is tired. I play guitar, but I prefer to play Rock Band and Guitar Hero. Why? Because when I have friends over or want to play some "music" with the kids, I...


Making Water From Thin Air
A company that developed technology capable of creating water out of thin air nearly anywhere in the world is now under contract to nourish U.S. soldiers serving in Iraq. The water-harvesting...


Investors should consider their options after Wall Street
After a bloody first six months of the year, some investors who had been holding out for a resurgent second half are now wondering what to hope for.With the Dow Jones industrial average losing 14.5...


Kerry Gerontianos Selected As Microsoft Digital Worldwide Partner Conference USA Spokesperson
Microsoft Eager To Spread IDC Report Findings That Partner-to-Partner Global Activity Accounts For A $6.7 Billion International Association of Microsoft Certified Partners (IAMCP) Eco-System....


Fresh Market adds upscale grocery option
The competition for your grocery-shopping dollar will have a fresh new option on July 16. The Fresh Market, a 2,400-square-foot upscale grocery, will open in Glenwood Square Shopping Center nearly a...


2 supervisors at raided meatpacking plant arrested
Two supervisors at an Iowa meatpacking plant that was raided by federal immigration agents in May were arrested and charged with encouraging people to live in the United States...


SocGen fined over trading scandal
France's central bank announced Friday that it has fined Societe Generale $6.3 million for "serious shortcomings" in its internal controls that led to nearly $7.8 billion in trading losses...


Canadian telecom BCE, suitor agree on terms
BCE Inc, Canada's largest telecommunications company, said Friday it has agreed on terms of a $35 billion sale to a group led by the Ontario Teachers' Pension Plan in the biggest leveraged buyout...


9 convicted in Austria fraud case
Nine people, including a prominent executive who fled to France in an attempt to elude justice, were convicted Friday of criminal charges in a major Austrian bank fraud case linked to the 2005...


EU widens Billiton-Rio Tinto probe
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed concerns about higher...


Caloric Restriction Comes in a Pill
, mice given resveratrol -- the first of an eagerly-anticipated class of longevity drugs -- enjoyed dramatically improved health, even when they started taking the drug late in life. Resveratrol...


Hyundai union calls for work stoppage next week
The latest labor action follows a two-hour walk off on Wednesday by unionized employees at Hyundai Motor and other South Korean car makers, in a move aimed at having the government scrap a U.S. beef...


Most actively traded companies on Canadian stock markets
The Canadian Press July 4, 2008 - 6:30 p.m. TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (down 133.18...


As gas prices rise, LIE traffic declines
Long Island Expressway has dropped to unprecedented low levels for this time of year, state officials said yesterday, citing the rising cost of fuel. The state Department of Transportation...


Microsoft weighs Xbox 360 price cut
MUMBAI: Microsoft may consider cutting the price of its gaming console Xbox 360 in India after price cuts in Australia and New Zealand. The software giant slashed prices of all console models by...


China worried over foreign funds inflow
BEIJING: China's foreign exchange administrators are worried about the sudden increase in the foreign inflows that cannot be explained in terms of trade surplus, equity investments or foreign...


Oil at $145 as Saudis refuse to boost output
BANKOK: Oil prices remained near record highs above $145 a barrel in Asia after Saudi Arabia's oil minister suggested his country doesn't plan to boost production. Light, sweet crude for...


Lamy invites leaders to strike deal
GENEVA: July is "the moment of truth" for a long-sought global trade pact, the failure of which would erode economic growth, sour diplomatic ties and hurt poor countries, the World Trade ...


G8 leaders face gravest economic woes
SAPPORO: Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic ...


To Preserve, Protect and Defend ...
The Declaration of Independence is signed. It will take 117 years before someone gets around to saying, "Hey, maybe we should preserve this thing." ...


Kakkar is regional head of Unilever
MUMBAI: Hindustan Unilever executive director (sales & customer development) Sanjiv Kakkar has been appointed chairman, Unilever Russia, Ukraine and Belarus (RUB), with effect from the month ...


French bank body fines SocGen $6 million over Kerviel
PARIS (Reuters) - France's Banking Commission on Friday fined Societe Generale 4 million euros ($6.3 million) for serious breaches in internal controls revealed by the French bank's 4.9 billion euro...


Orient-Express Hotels Ltd. Second Quarter 2008 News Release and...
OEH (http://www.orient-express.com) will release its second quarter earnings on Wednesday August 6, 2008 after the market closes and will host a conference call on Thursday August 7, 2008 at 10.00...