US, EU farm sops causing poverty
Johannesburgh: The 10-day UN World Summit on Sustainable Development (WSSD) began in Johannesburgh on Tuesday. The run-up talks has brought to the fore the subordinate role played by multilateral environment agreements (MEA) to global trade and investment rules. 
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US consumer confidence hits a 9-month low
New York: US consumer confidence fell in August to its lowest level in nine months as worries about the economy kept anxiety high, according to a report on Tuesday that suggested consumer spending would grow sluggishly in the months ahead.
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US steel sector awaiting ruling on foreign steel producers
Washington: American steel industry is awaiting a ruling by the US International Trade Commission later on Tuesday which it hopes would put hefty dumping duties on foreign steel producers, including those from India.
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Nissan lone Japanese automaker to see July sales rise
Tokyo: Nissan Motor was the only major Japanese automaker to boost sales at home as new models released earlier in the year convinced thrifty consumers to part with their cash, data showed on Tuesday.
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Enron creditors want $12 mn from Kopper plea deal
Washington: Enron's creditors on Monday sued former finance executive Michael Kopper for the $12 million he agreed to forfeit as part of a guilty plea to fraud and money laundering charges last week.
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Amazon halves free shipping limit to $25
Seattle: Amazon.com on Monday said it will start offering free shipping on orders of more than $25, halving its previous threshold as the the No.1 Web retailer cuts prices to boost growth.
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Server market down in Q2, Sun, IBM share up
San Franciso: International Business Machines widened its lead in a shrinking market for powerful server computers in the second quarter, raking in nearly 30 per cent of revenue worldwide, technology researcher Gartner Dataquest said on Monday.
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US firms don't plan to take on more staff in Q4
New York: US employers do not expect to pick up the pace of hiring in the fourth quarter, a survey released on Monday said, signaling a full jobs recovery after last year's recession could be a ways off.
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America Inc. gears up for reform
New York: Corporate governance and accounting reform in the US will be on the front burner on Tuesday, as new faces at the Securities and Exchange Commission and chairman Harvey Pitt begin implementing the landmark Sarbanes-Oxley Act to clean up big business. 
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