Home » Business News » 2010 » October 2010 » October 26

Business News on October 26, 2010

Wal-Mart to target 35,000 Indian farmers for agri-business supply chain by 2015
American retail giant Wal-Mart on Tuesday announced plans for roping in 35,000 farmers into its retail-related activities in the Indian agri-business sector by 2015. ANI

Demand for roses rises in Pune
Rose growers in Pune are experiencing an increase in the demand of the flower in domestic as well as in international markets. ANI

Sivakasi cracker business roars to life before Diwali
The production of firecrackers in Tamil Nadu's Sivakasi town is on the rise with the approaching Diwali festival. ANI

Pranab Mukherjee assures Indian economy will grow at 8.25-8.75 percent in current fiscal
Finance Minister Pranab Mukherjee on Tuesday said the economy will grow by 8.25-8.75 percent in the current fiscal and will return to an average growth rate of nine percent soon, but food prices continue to drive inflation. ANI

SEBI sets disclosure terms for life insurance companies
The Securities and Exchange Board of India (SEBI) has spelt out disclosure norms for the life insurance companies if they sell shares to the public through Initial Public Offer (IPO). ANI

Avnet and IBM Celebrate 25 Years of PartnershipAvnet reaches milestone of $3 billion in IBM annual sales
Global technology distributor Avnet, Inc. (NYSE: AVT) and IBM (NYSE: IBM) have reached two significant milestones in their business relationship. Avnet and IBM have now been Business Partners for more than 25 years, collaborating on a global basis across all regions and in more than 30 countries ACN Newswire

London Business School Gains in Financial Times Executive MBA Rankings
In the Financial Times Executive MBA ranking, published today, London Business School is the only leading business school in the world to be ranked twice in the top ten ACN Newswire

Quam Hosts Hong Kong Conference of Global Alliance Partners on Oct 29
Quam Limited ("Quam" or the "Group", Stock Code:, a Hong Kong-based financial services group, will host the whole-day semi annual conference of Global Alliance Partners on 29 October 2010, Friday ACN Newswire

Binalot Fiesta Foods Wins the 2010 Intel-Asian Institute Management Corporate Responsibility Award (IACRA)
ACN Newswire

Yamatake Establishes Brazilian Overseas Affiliate: Azbil Brazil Ltd.
Yamatake Corporation of the azbil Group has announced that it has established an overseas affiliate in Sao Paulo, Brazil. Azbil Brazil Ltd. recently started operations.Yamatake is developing its operations with the aim of achieving high growth inits international business, particularly in the priority markets of China and Southeast Asia ACN Newswire

Oil Prices May Continue to Soar in Future reports that the National Development and Reform Commission will increase domestic gasoline and diesel retail price, gasoline increase to 230 RMB/ton and diesel increase to 220 RMB/ believes that this time adjust the pricethat is mainly due to the international oil price continue to increase caused ACN Newswire

Refrigerator International Market Development Trend Analysis analyzes benefit from the old for new service and home appliances going to the countryside and so on policies driven, high-end refrigerator get rapidly development, the proportion of the sales of high-end refrigerator rise would throughout the whole 2010. According to the statistics that China's total retail year-on-year increased 19 ACN Newswire

Honda Sets All-Time Record for Auto Production in Asia and China for the First Half of a Fiscal Year
Honda Motor Co., Ltd., today announced a summary of automobile production, Japan domestic sales, and export results for the month of September 2010 and the first half of the current fiscal year (April-September 2010).I ACN Newswire

Mitsubishi Motors Announces Production, Sales and Export Figures for September 2010 and for First Half of Fiscal 2010
Mitsubishi Motors Corporation today announced global production, as well as domestic sales and export figures for September 2010 and for the first half (1H) of fiscal 2010. I. September 2010Production: global total and in JapanTotal global production for September came in at 114,191 units, 30.9 percent up over September 2009 and the eleventh consecutive monthly increase since November 2009 ACN Newswire

Joint Venture to Oversee Toyota SUV Assembly in Egypt
Toyota Motor Corporation (TMC), Toyota Tsusho Corporation (Toyota Tsusho) and Toyota Egypt S.A.E. (Toyota Egypt), TMC's independent vehicle distributor in Egypt, announce they will establish a company to oversee the assembly of Toyota-brand vehicles in Egypt ACN Newswire

Eighth Asian CSR Awards Winners Recognized
Five companies from India, Malaysia and Philippines were recognized for their outstanding initiatives in corporate social responsibility during the Asian CSR Awards 2010, which is a part of the 9th Asian Forum on Corporate Social Responsibility (AFCSR) in Kuala Lumpur, Malaysia. YABhg Datin Paduka Seri Rosmah Mansor handed over the awards during the ceremonies ACN Newswire

GeOasis Showcases New Geothermal Heating and Cooling to AIA
This week GeOasis, a Phoenix-based eco-friendly energy solutions company, hosted a tour for the AIA (American Institute of Architects) to highlight their new geothermal cooling and heating systems. MarketWire

Coastal Pacific Provides Overview of the Prolific Mining History in Peru
Coastal Pacific Mining Corp MarketWire

The Spa at Fearrington Opens Its Doors
After years of planning, months of construction and staff training, and weeks of being quietly open to fine tune operations, The Spa at Fearrington is now officially open. The Spa at Fearrington enhances the range of amenities offered by Fearrington Village, the destination retreat anchored by the highly acclaimed Fearrington House Country Inn and Restaurant. MarketWire

Dean Evans & Associates Completes First Facilities and Services Benchmark Survey of Its Kind
Dean Evans & Associates, Inc. (, maker of the EMS line of facility and resource scheduling software, has completed an ambitious benchmarking survey initiative that will provide participants with valuable metrics on their meeting and event management operations. MarketWire

Eating Recovery Center to Open Innovative Eating Disorders Hospital for Children and Adolescents
Eating Recovery Center (, a national eating disorders recovery program providing comprehensive treatment for anorexia and bulimia, today announced that it will open a new behavioral hospital specifically designed to provide eating disorders care to children and adolescents. The hospital is slated to open in late November in Denver's Lowry neighborhood. MarketWire

Powerful Chorus(R) Motors End Need for Rare Earth Elements in Wind Turbines, Hybrid Vehicles
The new Chinese embargo on exports of rare earth elements could have the most severe impacts on two high-growth fields, wind-power turbines and hybrid-electric vehicles. But there's a ready solution for both fields that doesn't use rare earths at all -- and is a more-effective and lower-cost technology as well. MarketWire

Sun Healthcare Group, Inc. Announces Anticipated Record and Distribution Dates in Connection With Its Restructuring Plan
Sun Healthcare Group, Inc. (NASDAQ: SUNH) today announced details concerning the anticipated timing of Sun's previously announced plan to restructure its business by separating its operating assets and its real estate assets into two separate publicly-traded companies MarketWire

Stillwater Mining Company 2010 Third Quarter Results Conference Call
STILLWATER MINING COMPANY (NYSE: SWC) will host a conference call to discuss the Company's 2010 third quarter results on Friday, October 29, 2010. The conference call will begin at approximately 12:00 p.m. Eastern Time (10:00 a.m. Mountain Time). MarketWire

Conihasset Capital Partners Announces Changes to Its Board of Directors and Formation of New Subsidiary
Conihasset Capital Partners, Inc. (PINKSHEETS: CNHA) (the "Company") has announced that Bradley J. Hoecker has been appointed Chairman of the Board of Directors of the Company (the "Board"). Mr. Hoecker succeeds former Chairman Lawrence Lipsher who remains on the Board as an independent member as well as the Chairman of the Compensation Committee MarketWire

SEB Estonia Fights Fraud With Progress Software
Progress Software Corporation (NASDAQ: PRGS), a leading software provider that enables enterprises to be operationally responsive, today announced that SEB Estonia, the second largest bank in Estonia, has chosen the Progress® Apama® Complex Event Processing (CEP) platform to provide real-time visibility and operational responsiveness in a bid to speed up fraud prevention and detection. MarketWire

AMFELTEC Corporation Launches System Timer Product Line
AMFELTEC Corporation (, a leading provider of equipment dedicated to hardware/software development and electronic design manufacturing, has launches new System Timer Product Line that includes PCI and PCI Express System Timers. MarketWire

Virtual Medical Centre Inc. Up-Listed to OTCBB
Virtual Medical Centre, Inc. -- (OTCBB: VMCT) announced today that the company has been up-listed to the Over The Counter Bulletin Board market from the Pink Sheets. MarketWire

Shipwire Debuts Order Management and Order Fulfillment App at PayPal X Innovate 2010
INNOVATE 2010 -- Shipwire, the leader in ecommerce fulfillment, today introduced Shipwire Anywhere™ that will be available for PayPal merchants. Shipwire Anywhere is the industry's first Web-based order management software service, seamlessly integrated with outsourced order fulfillment warehouses in the U.S., Canada and Europe MarketWire

Turn Over a New Leaf With OtterBox Cases for HTC, Samsung & Nokia
Dissatisfied with the current case options on the market for handheld technology? Turn over a new leaf this fall and layer your devices with trusted OtterBox® cases for the DROID Incredible by HTC, Samsung Captivate™, Nokia E5 and T-Mobile® myTouch 3G Slide™. Rugged protection for the HTC Desire will be available soon. MarketWire

Xynergy Holdings -- Testing Second Generation Hydrogen Fuel Cell
Xynergy Holdings, Inc. (the "Company") (PINKSHEETS: XYNH). The preliminary testing of a second generation fuel cell offers promising results. While powering the engine of a Ford 7.3 liter diesel truck a modest gain in fuel efficiency was experienced MarketWire

Market Leader Signs 250th Multiple Listing Service Agreement, Now Features More Than 3.75 Million Home Listings Nationwide
Market Leader (NASDAQ: LEDR) (, an innovator in online marketing and technology solutions for real estate professionals, today announced that it has signed a partnership agreement with Coastal Maryland Multiple Listing Service, representing the 250th Multiple Listing Service (MLS) to provide home listings on Market Leader's agent and broker customer Web sites. MarketWire

Comment on this story