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Tanzanite
disaster hits trade in Jaipur
Jaipur: Just
about the time the citys gems trade seemed to be coming out the
9/11-imposed dullness, it has suddenly been confronted with another
unforeseen calamity disaster in a tanzanite mine in Arusha,
Tanzania, the worlds main tanzanite producing field.
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Bush
vows probe into WorldCom scandal
New York: US
President George W Bush has vowed a full investigation into the outrageous
revelation of staggering accounting fraud by telecom giant WorldCom.
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Gucci
wraps itself up in kimonos this season
Milan: Japan
might have attracted rowdy World Cup fans this year, but for next
summer Gucci is calling on the ancient, calm beauty of the Orient.
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Company
empowers pen again
New York: Microsoft
unveiled a new software on Tuesday that is designed to take the
computer industry forward by taking a step backward it allows
users to write with a pen rather than using a keyboard.
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WorldCom
scam: Banks slip in Europe
Berlin: European
bank shares tumbled on Wednesday as WorldComs accounting problems
fuelled fears that financial firms would have to write down huge
portions of their exposure to the telecom giant.
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Xerox
unveils office equipment systems
New York: Xerox
Corp unveiled a range of office printing products, putting the focus
on its trademark copier systems that have long been overshadowed by
its financial troubles.
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Andersen
asks judge to throw out jurys verdict
New York: Lawyers
for Arthur Andersen LLP have asked a federal judge to throw out the
firms felony conviction for shredding and doctoring Enron
Corp-related documents last year.
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Alcatel
hammered after profit warning
Paris: French
telecoms equipment maker Alcatel issued a profit warning and unveiled
plans to cut costs further on Wednesday, sending its shares crashing
25% to record lows.
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Suzuki
case against magazine reinstated
Tokyo: A
federal appeals court on Tuesday reinstated a defamation suit brought
by Suzuki Motor Corp. against the publisher of Consumer Reports for
saying the Suzuki Samurai rolls over too easily.
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Japan
sells Yen to help economic recovery
Tokyo: Japanese
authorities intervened repeatedly in currency markets on Wednesday for
a second time this week, selling yen in a campaign to prevent the
tumbling dollar from derailing an export-led economic recovery.
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Mayne
goes for blood in Queensland
Melbourne: Troubled
health care and logistics provider Mayne Group Ltd agreed on Wednesday
to buy Queensland Medical Laboratory Group, one of Australias
largest privately-owned pathology practices, for A$268.25 million
($153 million).
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Ford
eyes Rs 50-crore exports
Peking: The
Ikons China connection could turn out to be an export bonanza for
Ford India. With the Detroit biggie taking the Ikon to its Chinese
manufacturing facility Changan Ford Automobile Corporation the
Indian operation, the only plant currently rolling out the model, will
gain export orders to the tune of Rs 50 crore in the first year.
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Virgin's
ploy for more slots fails to shake govt
London: Virgin
Atlantic chief Richard Bransons threat to pull out of India if
additional frequencies were not provided to his airline has failed to
move officials of the civil aviation ministry.
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