Caribous and reindeers decline by 60 percent worldwide

October 8th, 2009 BANGALORE - Infosys Technologies Ltd has projected revenue of Rs.54.76 billion (Rs.5,476 crore) for the third quarter (October-December) of this fiscal (2009-10), indicating a decline of 5.4 percent year-on-year (YoY) as per the Indian accounting standard. In a regulatory filing Friday, the IT bellwether said its consolidated income for this fiscal (FY 2010) was expected to be about Rs.220.55 billion (Rs.22,055 crore), which would be a marginal growth of 1.2-1.7 percent YoY as per the Indian accounting standard.

September 21st, 2009 Airline trade group says August revenue fell in USWASHINGTON — A U.S. airline trade group said Monday that its members' passenger revenue fell 21 percent in August over year-earlier results as carriers dropped prices by double-digit percentages and passenger volume continued to fall.

August 27th, 2009 Newspaper slump deepens as 2Q ad sales fall 29 pctWASHINGTON — Newspaper advertising sales shrank by another $2.8 billion in the second quarter, a 29 percent decline from the same time last year. The numbers released Thursday by the Newspaper Association of America show the industry's financial woes deepened in the April-June period.

July 14th, 2009 WASHINGTON - Amid rising questions about US President Barack Obama's handling of the economy, his job approval rating has gone six points down in the past month, a new CBS News poll has found. Obama's current approval rating is 57 percent, down by 11 points from its peak of 68 percent in April, and six points from last month's 63 percent.

July 13th, 2009 WASHINGTON - The worldwide recession has led immigrants in wealthy countries to cut back sharply on how much money they send back to their home countries, according to a World Bank report released Monday. Remittances to developing countries jumped 15 percent in 2008 to $328 billion, but will plummet 7.3 percent in 2009, the World Bank predicted, revising its earlier forecast of a 5-percent decline this year.

July 10th, 2009 BANGALORE - The meltdown has finally caught up with IT bellwether Infosys Technologies, forcing it to marginally lower its quarterly and annual revenue guidance for the first time even as it managed to stay afloat in the first quarter this fiscal. Infosys saw its revenues decline 2.9 percent to Rs.54.72 billion (Rs.5,472 crore) in the first quarter, from Rs.56.35 billion (Rs.5,635 crore) in the fourth quarter last fiscal.

July 10th, 2009 BANGALORE - Technology meltdown and currency volatility have forced Infosys Technologies Ltd to lower its guidance for the second quarter (July-September) and the entire fiscal (2009-10), projecting a marginal decline in revenues. In its regulatory filing Friday, the IT bellwether said consolidated income in the second quarter (Q2) is expected to be Rs.53.18-54.13 billion (Rs.5,318-5,413 crore), which is a decline of 1.9-0.1 percent year-on-year (YoY), as per the Indian accounting standard.

July 9th, 2009 May wholesale inventories fall, 9th straight dropWASHINGTON — Wholesale inventories fell for a ninth consecutive month in May, a decline that has contributed to the longest recession since World War II as factories have been forced to slash production amid crimped demand. The Commerce Department said Thursday that inventories dipped 0.8 percent in May, slightly smaller than the 1 percent decline economists had expected.

June 29th, 2009 Study: Coastal seagrass increasingly being lostWASHINGTON — Coastal development and declining water quality are threatening seagrasses worldwide, researchers report. A study of coastal grasses around the world shows that 58 percent of the seagrass meadows are in decline, according to a report in Tuesday's edition of Proceedings of the National Academy of Sciences.

June 17th, 2009 Current account trade deficit drops to $101.5BWASHINGTON — The deficit in the broadest measure of trade plunged sharply in the first three months of the year as the country's deep recession depressed imports of oil and other goods. The Commerce Department said Wednesday the current account trade deficit dropped to $101.5 billion in the first quarter, a 34.5 percent decline from the deficit in the fourth quarter.

June 16th, 2009 Industrial activity dips more than expected in MayWASHINGTON — Industrial production tumbled a larger-than-expected 1.1 percent in May as the recession crimped demand for a wide range of manufactured goods including cars, machinery and household appliances. The Federal Reserve's report on Tuesday showed production at the nation's factories, mines and utilities has fallen for seven straight months.

May 14th, 2009 Wholesale prices rise 0.3 percent in AprilWASHINGTON — Wholesale prices have risen more than expected in April as the biggest jump in food costs in more than a year offset a second monthly decline in the price of energy products. The Labor Department said Thursday that wholesale prices climbed 0.3 percent last month, a larger increase than the 0.1 percent that economists had expected.

May 8th, 2009 Wholesale inventories fall more than expectedWASHINGTON — Wholesalers slashed inventories for a seventh straight month in March as businesses struggled to get stockpiles in line with plunging sales. The Commerce Department says wholesale inventories dropped 1.6 percent in March, much larger than the 1 percent fall that analysts had expected.

April 30th, 2009 Report shows press freedom declines worldwideWASHINGTON — Press freedom declined worldwide in 2008 as even once-unfettered nations such as Israel and Italy imposed new limits on media coverage, according to a report by media analysts. "Declines in Israel, Italy and Taiwan illustrate that established democracies with traditional open media are not immune to restricting freedom," said Arch Puddington, research director for Freedom House, a nonprofit organization that plans to release the report on Friday in advance of World Press Freedom Day on Sunday.

April 29th, 2009 Starbucks 2Q profit drops 77 percentSEATTLE — Starbucks says its fiscal second-quarter profit dropped 77 percent because of big restructuring charges related to closing more than 120 cafes. Seattle-based Starbucks Corp.