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Business News on December 22, 2010


Maran congratulates handicraft exporters for exceeding target
Highlighting the achievements of handicraft exporters, Union Textiles Minister Dayanidhi Maran congratulated them for exceeding the projected target at an awards event here on Wednesday. ANI

600 billion dlrs required for investments in infrastructure sector: Mukherjee
Finance Minister Pranab Mukherjee on Wednesday said the requirement for investments in the infrastructure sector would be about 600 billion dollars during the current five year plan (2007-2012). ANI

Thomson Reuters to Present at the 2011 Citi Entertainment, Media and Telecommunications Conference
Robert D. Daleo, executive vice president and chief financial officer of Thomson Reuters (NYSE, TSX: TRI), the world's leading source of intelligent information for businesses and professionals, will present at the 2011 Citi Entertainment, Media andTelecommunications conference in Phoenix, Arizona on Wednesday, January 5, 2011. Mr. Daleo is scheduled to speak at 6:55 p.m. EST (4:55 p.m. MST) ACN Newswire

Ashley Creative Announces Launch of WOW! Clocks, First All-American Beautiful Girl iPhone Clock Application
Ashley Creative announces the launch of its iPhone application WOW! Clocks: 1,440 Smiles Per Day. WOW! Clocks, a fully functional clock application, features local home-grown models holding a hand-painted sign showing users the time of day. Tastefulphotos are taken in cities across America. Models are attractive women eighteen years old or older ACN Newswire

Sony Debuts "Music Unlimited powered by Qriocity(TM)" Digital Music Service
ACN Newswire

Hardware-whole.com: China's Foreign Trade Hitting a Historic High
In 2011, China's foreign trade is set to hit a new high, but the exports evironment is getting worse.Hardware-whole.com reported that the total value of China's imports and exports are projected to exceed 2.9 trillion U.S. dollars in 2010.Thenation's foreign trade rebounded sharply this year from the recession level in 2009, when foreign trade contracted to 2.21 trillion U.S ACN Newswire

Leading Hong Kong Businessman Outlines China Opportunities
Retail, property and the service industries are part of a long list of good investment opportunities on the Chinese mainland, according to Hong Kong-based Hang Lung Group Chairman Ronnie Chan.Mr Chan, a businessman with a wealth of experience onthe mainland, also said that health care, energy and green technology were solid options ACN Newswire

Toyota Launches Redesigned 'Vitz'; Models with Idling-stop Boast Fuel Efficiency of 26.5 km/L
Toyota Motor Corporation (TMC) announces the launch in Japan today of the redesigned "Vitz" compact car.Since the launch of the first-generation in 1999, the Vitz has achieved cumulative sales in more than 70 countries and regions around the world - including many European countries - exceeding 3.5 million units(1). With more than 1 ACN Newswire

Sharp Develops and Will Introduce LED Controller for Indoor Lighting
Sharp Corporation has developed and will introduce the LR56001 LED controller for LED ceiling lights, allowing users to adjust the brightness and color of three types of LEDs: cool white, warm white, and night light.The demand of long-life, energy-saving LED lighting is growing and its use is expected to expand for indoor lighting fixtures, such as ceiling lights and light bulbs ACN Newswire

Western Potash Corp. (WPX - TSX.V) Closes $20,000,200 Bought Deal Private Placement - Video News Alert Posted on InvestmentPitch.com
Western Potash Corp. (the "Company") (WPX - TSX.V) is pleased to announce that it has closed its previously announced private placement bought deal offering. The Company sold 18,182,000 units (the "Units") at a price of $1.10 per Unit, for aggregategross proceeds to the Company of $20,000,200 (the "Offering").InvestmentPitch ACN Newswire

Royal Coal (RDA - TSX.V) Signs Letter of Intent to Acquire Coal Property in Kentucky - Video News Alert Posted on InvestmentPitch.com
Royal Coal Corp. (RDA-TSX.V) ("Royal Coal" or the "Company") announced the signing of a Letter of Intent to acquire a group of eight properties, one of which is already permitted, that management considers to have a significant high quality thermalcoal deposit located in Eastern Kentucky ("the Property") ACN Newswire

Kent Exploration (KEX - TSX.V) Updates Gnaweeda Gold Project in Australia - Video News Alert posted on InvestmentPitch.com
Kent Exploration Inc., symbol KEX on the TSX Venture Exchange, reports that its wholly owned subsidiary, Archean Star Resources Australia Pty Ltd has completed the first holes in its current diamond drill program on the Gnaweeda Gold Project in WestAustralia with the second hole ongoing ACN Newswire

Sumitomo, Nissan and NEC to Promote Membership-based Charging Service for Electric Vehicles (EV)
Sumitomo Corporation, Nissan Motor Co., Ltd. and NEC Corporation today announced that they have signed a Memorandum of Understanding (MOU) to promote a new membership-based charging service for EV users that will be available for the first time nationwide in Japan ACN Newswire

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