Official: Obama to back more business tax breaks (AP)

AP - An administration official says President Barack Obama will call for new tax breaks to allow businesses to write off 100 percent of their new capital investments through 2011.

Kia's top executive resigns after recalls (AP)

AP - The top executive at Kia Motors has resigned after the company recalled more than 100,000 vehicles worldwide over defective wiring, the automaker said Tuesday.

AIG seeks Sept 21 approval for AIA IPO: sources (Reuters)

Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.

Gulf council fails to finalise customs union pact (AFP)

AFP - The six members of the Gulf Cooperation Council have postponed the implementation on Tuesday of a customs union due to disagreement over sharing tariff revenues and problems meeting World Trade Organisation rules, officials said.

German July Factory Orders Fall Unexpectedly

(RTTNews) - Germany's factory orders declined 2.2% in July from the prior month, the Federal Ministry of Economics and Technology said on Tuesday. Economists were expecting factory orders to rise 0.5% after increasing 3.6% in June.

German Factory Orders Unexpectedly Decline as Demand for Exports Weakens

German factory orders unexpectedly fell in July as demand in the euro region weakened, indicating the recovery in Europe’s largest economy is losing momentum.

Norway man pleads not guilty to terror financing (AP)

AP - A Somali-born Norwegian citizen has pleaded not guilty to charges of sending over $30,000 to top leaders of an al-Qaida-linked Somali militant group.

German Factory Orders crash land

FXstreet.com (Barcelona) - The Factory Orders indicator in Germany published by the Federal Ministry of Economics and Technology plunged 2.2% in the monthly comparison and 14.0% in the year over year indicator for July, slowing down considerably from prior months.

UK industry opposes any North Sea drilling ban

Britain's leading oil industry association says it is unnecessary to impose a moratorium on drilling in the North Sea until the Gulf of Mexico spill is fully investigated.

German factory orders post sharp fall in July

Berlin- German factory orders fell sharply in July, data released Thursday showed, raising fresh concerns about the outlook for Europe's biggest economy.

Factory Orders Contract Sharply in July

German factory orders in July fell by 2.2% missing expectations of a 0.5% expansion according to the Economy Ministry in Berlin. The drop was most unexpected and comes amid weakening demand from the euro-region for German produced goods, suggesting that the recovery in Germany may slow in the third quarter, after its blistering pace in Q2. Axel Weber, Germanys central bank president said ...

Romania Industrial Turnover, New Orders Decline In July

(RTTNews) - Romania's industrial turnover and new orders decreased in July from the previous month. The total industrial turnover decreased 7.3% on a monthly basis in July, a report by the National Institute of Statistics showed on Tuesday.

ICT industry reacts to Labor win and NBN

The Australian ICT industry has been quick to react to the news that Labor will be able to form government following the support of Independent MPs, Rob Oakshott and Tony Windsor.

Diamond gets top Barclays job (Reuters)

Reuters - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as group chief executive next year and HSBC was expected to announce later that its chairman is going into government.

Wall St futures signal weaker start for stocks (Reuters)

Reuters - LONDON (Reuters) Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.2 to 0.7 percent, pointing to a weaker start on Wall Street on Tuesday.

The nation's weather (AP)

AP - Tropical Storm Hermine was forecast to continue losing strength as it moved over southern Texas and northeastern Mexico on Tuesday.

Nevada Industry Excellence sales training expanded

Nevada Industry Excellence has expanded its business-training curriculum to two levels of local sales training through the Make The Sale! program. The curriculum is a collaboration between NVIE and program developers Strategic Essentials and Alice Heiman LLC.

China's Industrial Output Annual Growth To Slow In H2: Ministry

Chinese industrial production annual growth is likely to slow further in the second half of this year, the Ministry of Industry and Information Technology said Tuesday.

Ayurvedic industry suffers setback due to CWG

The adverse publicity of the Commonwealth Games has badly affected the Ayurvedic and Medical Tourism industry, which was expected to be the largest beneficiary of the event, said the Associated Chambers of Commerce and Industry of India (ASSOCHAM).

Danish July Industrial Output Grows

(RTTNews) - Industrial production in Denmark rose 2.2% year-on-year in July, the Statistics Denmark said on Tuesday. Month-on-month, industrial output grew a seasonally adjusted 1.4%.

Turkey Industrial Production Jumps 8.9% In July

Industrial production in Turkey increased 8.9% in July compared with the same month of the previous year, the Turkish Statistical Institute said on Tuesday. Economists had forecast a 8% rise.

Turkish July Adjusted Industrial Output Rises 0.3 Percent From Month Ago

Turkish industrial production increased in July from a month earlier, rising for the sixth month in seven.

Egg industry fights limits on cage use

Even before the recent salmonella outbreak, America's egg industry was struggling to fend off another threat: allegations that it was cruel to chickens.

Igniters in focus in fireworks factory blast investigations

The Għarb factory should never have had so many fireworks in one place, especially when people were still working there, pyrotechnics inspector Servolo Delicata said yesterday.

Australian food industry welcomes new Gillard government

Australia’s food and grocery manufacturing industry has welcomed the new Gillard Government, with announcements from the Australian Food and Grocery Council (AFGC) and Australian Retailers Association, stating that they looked forward to working with the new government on a range of issues. Commenting on today’s decision by two Independent MPs to support Labor, AFGC Chief Executive [...]

Erratic global weather threatens food security (AFP)

AFP - The drought in Russia and floods in Pakistan are part of a global trend of unpredictable weather patterns and rainfall that threaten food security, experts gathered in Stockholm said.

China sees factory output growth slowing to 10 pct

China sees factory output growth slowing to 10 pctChina sees factory output growth slowing to 10 pct

Oracle hires former HP's Mark Hurd (Reuters)

Reuters - Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.

Greenpeace urges Japan to probe whaling graft (AFP)

AFP - Greenpeace urged Japan on Tuesday to probe graft claims in its state-funded whaling programme, a day after two of its activists received suspended jail terms for committing theft during an investigation.

Tropical Storm Hermine crosses into Texas (AP)

AP - Forecasters say Tropical Storm Hermine (hur-MEEN') has crossed into Texas.

European Economics Preview: German Factory Orders Data Due

(RTTNews) - German factory orders and Swiss unemployment are the major data due on Tuesday. Other reports scheduled for the day include Sweden's budget balance and Norwegian industrial output.

China Industrial Output Slowdown Will Deepen in Second Half, Ministry Says

China’s slowdown in industrial output growth will deepen after the smallest increase in 11 months in July, a government forecast showed today.

China Industrial Output Growth May Slow During Second Half, Official Says

China’s industrial output growth may slow to about 10 percent in the second half, Xin Guobin, an official with the nation’s industry ministry said in Beijing today.

Egg industry alarmed about efforts to limit cage sizes

The egg industry, already battling a salmonella outbreak, is spending millions of dollars to fend off increasing efforts to ban cramped chicken cages. Business - Food and Related Products - Poultry - Meat and Seafood - Associations

Hotel industry all set for expansion:SIHRA

Chennai, Sep 4 (UNI) The hotel industry in the south is heading for a massive expansion with 119 new hotels set to add about 11,000 additional rooms, Mr T Natarajan, Secretary, South India Hotels and Restaurants Association (SIHRA) said today.

Obama kicks off campaign with infrastructure plan (Reuters)

Reuters - President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild infrastructure with an initial $50 billion investment and prepared new business tax cuts.

Factory worker gets $30.4M in 'popcorn lung' case

A Cook County jury has awarded $30.4 million to a South Elgin factory worker suffering from a condition known as 'popcorn lung.'

US won't say if blowout preventer on way to shore (AP)

AP - The Justice Department won't say if the blowout preventer that failed to stop oil from gushing from BP's undersea well into the Gulf of Mexico is on its way to shore.

US won't say if blowout preventer on way to shore (AP)

AP - The Justice Department won't say if the blowout preventer that failed to stop oil from gushing from BP's undersea well into the Gulf of Mexico is on its way to shore.

The glittering Gulf states' dark labor secret (The Christian Science Monitor)

The Christian Science Monitor - The rise of the Arab states of the Persian Gulf is a now-familiar tale. Tiny societies of pearl divers, coastal merchants, and nomadic Bedouin were transformed in the last half of the 20th century by oil and natural-gas wealth. Sparkling office towers and hotels sprang into the muggy air, the monarchs that rule these tiny emirates became bywords for financial excess, and newspapers described the region's economic "miracle."

Money Buys Happiness Only Up to a Point (LiveScience.com)

LiveScience.com - Money might give you a sense of overall satisfaction with life, but the extra dough won't ensure days full of laughter and joy, a new survey analysis of income and happiness suggests.

EU summons BASF over 'illegal' potatoes in Swedish field (AFP)

AFP - Europe slapped a summons on German chemical giant BASF on Monday after a "blunder" allowed seed from a new genetically modified potato to remain in a field in Sweden.

NGOs call for Romanian minister to be sacked for GM links (AFP)

AFP - Over 70 environmental NGOs including the WWF called Monday for the sacking of Romania's new agriculture minister for his links to the genetically modified crop industry.

Japanese stem cell researcher wins Balzan prize (AP)

AP - A Japanese researcher who found a way to give adults cells certain characteristics of embryonic stem cells, a process scientists say could eventually lead to cures for spinal cord injuries and other ailments, has been awarded the Balzan Prize for biology.

IT industry lags in recruiting women, says Scotland Women in Technology

The IT industry is lagging behind other sectors in attracting more women into the profession, according to the organisers of a group to encourage women into technology.

Galactic 'Supervolcano' Seen Erupting With X-Rays (SPACE.com)

SPACE.com - A galactic "supervolcano" in the massive galaxy M87 is erupting, blasting gas outwards. The cosmic volcano — driven by a giant black hole in M87's center — is preventing hundreds of millions of new stars from forming.

Industry must recognise environmental concerns: PM

New Delhi, Sept 6 (PTI) Prime Minister Manmohan Singh today told the Indian industry to recognise that environmental concerns have come to stay although this has to be balanced with developmental needs.

Industrial connector series designed for harsh stage and concert use

Han-Yellock is a new industrial connector series from Harting which incorporates a number of features that make it ideally suited to use in stage automation, concert lighting and power distribution systems.

Czech Industrial Output Grows At Slower Pace Pn July

(RTTNews) - Czech's industrial output increased at a slower pace in July. Industrial production climbed 5.3% year-on-year in July, but slower than a 9% growth in the previous month, the Czech Statistical Office said on Monday.

Obama to propose 100 billion tax credit (AFP)

AFP - President Barack Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported.