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Business News on October 27, 2010


India must improve infrastructure to compete with China: Murthy
India needs to improve its infrastructure significantly if it has to compete with China, said N. R. Narayana Murthy, non-executive Chairman of Infosys Technologies. ANI

European delegation to study India's financial, economic reforms
Following the fallout of the worst financial crisis in Europe, a delegation comprising members of the European Parliament are on a three-day visit to India to better understand the various financial and economic reforms as well as various policy initiatives undertaken by India. ANI

Image, moods of India dominates Day Two designer collections at Wills Fashion Week
Fashion Designers Nandita Basu and Varun Sardana showcased their latest collections at the Wills India Fashion Week here on Tuesday. ANI

Honda to Produce New Road Sports Model CBR250R in Asia
Honda will produce the new CBR250R road sports model in Thailand and launch sales in November. This CBR250R will have the largest engine displacement of any vehicle produced by Thai Honda Manufacturing Co., Ltd. (Thai Honda), Honda's motorcycle production company in Thailand, and will be its first full-fledged road sports model ACN Newswire

Fujitsu Reports Fiscal 2010 Second-Quarter Financial Results
Fujitsu, a leading provider of ICT-based business solutions for the global marketplace, today reported consolidated net income of 17.4 billion yen (US$207 million*) for the second quarter of fiscal 2010 (July 1 - September 30, 2010), compared with 72.4 billion yen in the same period last year, when the company's results included significant profits from the sale of investment securities ACN Newswire

NEC Completes LTE Trial with SingTel Group in the Philippines
NEC Corporation (NEC; TSE: 6701) announced today its successful completion of Phase 1 field trial for Long Term Evolution (LTE), a next generation mobile communications technology, with a Singapore Telecommunications Limited (SingTel) Group associate, Globe Telecom Inc. (Headquarters: Mandaluyong City, Philippines; President and CEO: Ernest L ACN Newswire

Toyota, 3 Companies Start Joint Battery-to-battery
Toyota Motor Corporation (TMC), Toyota Chemical Engineering Co., Ltd. (Toyota Chemical Engineering), Sumitomo Metal Mining Co., Ltd. (Sumitomo Metal Mining) and Primearth EV Energy Co., Ltd. (PEVE) announce the launch of the world's first* business to recycle nickel in used hybrid-vehicle nickel-metal-hydride batteries for use in new nickel-metal-hydride batteries ACN Newswire

NEC Supports Shiseido's Global IT System Deployment
NEC Corporation (NEC; TSE: 6701) announced today that Shiseido Co., Ltd. (Shiseido; TSE:4911) has selected NEC to support global deployment and operation for Shiseido's core business IT system renovation based on SAP(R) ERP 6.0 ACN Newswire

iPad Hot Selling Drives 3G Wireless Routers Out of Stock at Abroad
Cheaponsale.com reports that Apple iPad earns huge market shares in the global market, while its inexpensive Wi-Fi version sold better than the relatively expensive 3G version. Majority of the iPad Wi-Fi version users have acquired 3G wireless router, in order to take 3G signals convert to Wi-Fi signal. Cheaponsale.com predicts that router clone products will appear soon.Cheaponsale ACN Newswire

China Shipping Finance Outlook 2011 Will be Held in Shanghai
China Shipping Finance Outlook 2011 will be held on January 20 21 in Shanghai China. The event dedicates itself to assessing the development of China's shipping finance and its implications for global shipping landscape ACN Newswire

At CASBAA Convention 2010, Broadcast Industry CEOs Optimistic about Industry's Future - Executives Embrace New Media and Technological Change, While Reaffirming the Role of Valuable Content
The results of a new CASBAA CEO Survey, released today at the Convention 2010, reveal growing optimism within the Asia Pacific pay-TV industry, as well as the increasing impact of technological change. Conducted by research specialists Synovate,the survey of 100 CEOs shows that 84 percent plan to expand their businesses "within and beyond" their current markets ACN Newswire

Soluteck Places Shares Successfully - Mr Ho Yau Lung Lawrence Subscribes for Convertible Bonds Worth HK$23M, Representing 5.84% of Enlarged Issued Share Capital
Soluteck Holdings Limited ("Soluteck" or "the Group"; Stock Code: 08111.hk), which is diversifying into renewable energy business, announced that it has issued 78,400,000 shares at a price of HK$0.50 per share to not less than six investors ACN Newswire

Teekay Announces Third Quarter 2010 Earnings Conference Call
Teekay Corporation (Teekay or the Company) (NYSE: TK) plans to release its financial results for the third quarter of 2010 after market close Thursday, November 4, 2010. MarketWire

"The Complete National Geographic" Created by EffectiveUI Wins Top 2010 Adobe MAX Award for Digital Publishing
News Facts"The Complete National Geographic," a desktop application that captures 121 years of the iconic magazine's content, created by the National Geographic Society and designed and developed by EffectiveUI, has won the 2010 Adobe MAX Award for Digital Publishing at Adobe MAX 2010 in Los Angeles on October 26, 2010 MarketWire

AIB - Appointment of new Chairman
Allied Irish Banks, p.l.c. ("AIB") (NYSE: AIB) announces the appointment of Mr.David Hodgkinson as Director and interim Executive Chairman, subject toregulatory approval. Mr. Hodgkinson will lead the Group through thisdifficultperiod and manage the process for the appointment of a Group ChiefExecutive. MarketWire

STONEWARE, INC. - Announces Strategic Partnership With AppZero
Stoneware, Inc., a leader in private cloud software, announced today that it has formed a strategic partnership with AppZero, Inc. to enhance the integration of Windows applications into the webNetwork private cloud solution MarketWire

AXcess News: Entourage Mining Gears Up for Expansion
Vancouver-based Entourage Mining Ltd. (OTCBB: ENMGF) is gearing up for expansion of its exploration program at its Central Brazil gold property, having filed a 43-101 report which was announced Wednesday. A Company spokesperson revealed that listing on the TSX Venture exchange is imminent, suggesting a financing may be in the works. MarketWire

Duke Realty Reports Third Quarter 2010 Results
Duke Realty Corporation (NYSE: DRE), aleading industrial and office property REIT, today reported results for thethird quarter 2010. MarketWire

Focus Business Bank Announces Financial Results for the Quarter and Nine Months Ended September 30, 2010
Focus Business Bank (OTCBB: FCSB) announcedunaudited financial results for the quarter and nine months ended September30, 2010. The Bank reported net income of $52,000, or $0.02 per share, forthe quarter ended September 30, 2010 compared to $32,000 or $0.01 per sharefor the trailing quarter ended June 30, 2010 MarketWire

Boise Inc. Third Quarter 2010 Earnings Webcast and Conference Call
Boise Inc. (NYSE: BZ) announced today that it will hold a webcast and conference call to discuss third quarter 2010 earnings. The conference call, which will be hosted by Alexander Toeldte, President and Chief Executive Officer, will be held on Wednesday, November 3, 2010, at 11:00 a.m. ET. MarketWire

Songlines & IODA Partner to Bring More Value to World Music Fans
IODA, the global leader in digital distribution, marketing, and technology solutions for the independent music industry, today announced a partnership with Songlines, the premier world music magazine. The partnership will make more than 40 new release tracks available to subscribers of Songlines Digital -- the online version of the magazine -- free of charge MarketWire

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