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Business News on November 12, 2011


Adi Godrej says trade between India, Australia 'grossly below potential'
Indian billionaire Adi Godrej has stressed on the need to expand trade between India and Australia. ANI

Cochin-Male ferry service soon, India extends 100 million dollars credit
The Prime Minister, Dr. Manmohan Singh, today said that the Indian government has agreed to extend a 100 million dollars Standby Credit Facility (SCF) to Maldives to help stabilize its fiscal position. ANI

Indo-Pak Commerce Secretaries level talks to begin on November 14
The crucial 6th round of talks on commercial and economic co-operation between the Commerce Secretaries of India and Pakistan will commence on November 14 in New Delhi. ANI

Bombardier Increases Commercial Aircraft Sales and Marketing Support to the Middle East and Africa
Bombardier Aerospace today announced the establishment of a Bombardier Commercial Aircraft regional sales and marketing office in Dubai to serve the Middle East and Africa. The facility is located in the Dubai Free Zone near Dubai International Airport. MarketWire

Bombardier CSeries Aircraft Flight Deck Demonstrator Debuts at Dubai Airshow
Bombardier Commercial Aircraft announced today that a full-scale flight deck demonstrator for the all-new CSeries aircraft will make its world debut at the Dubai Airshow, which opens on Sunday, November 13. MarketWire

"MythBusters: Behind the Myths" Starring Jamie Hyneman and Adam Savage All-New, Live Show Begins 29-City North American Tour January 6, 2012 in Modesto, California
The all-new, live show "MythBusters: Behind the Myths," starring Jamie Hyneman and Adam Savage, co-hosts of the Emmy-nominated Discovery series "MythBusters," will begin a 29-city North American tour beginning January 6, 2012 in Modesto, California. MarketWire

U.S. Will Remain a Nation of Homeowners
The U.S. will not become a nation of renters; there are just too many benefits, both financial and otherwise, to own versus rent. That's according to the combined findings of several recent studies presented during the "Buyer or Renter Nation?" session today at the 2011 Realtors® Conference & Expo. MarketWire

Every Market Is a Second-Home Market
A diverse set of buyers and property types comprise the second-home sector and opportunities for second-home buyers exist in nearly every market, even in nontraditional, non-resort markets. MarketWire

Realtors(R) Take Aim at Appraisals in Anaheim
Accurate home appraisal valuations are vital in today's market; inaccurate appraisals can slow down or even cancel a home sale. Today Realtors® and other real estate experts gathered at the "Appraisals: What You Absolutely Need to Know" forum during the Realtors® Conference & Expo to address this pressing issue. MarketWire

Thai Airways International Selects IAE V2500
DUBAI AIR SHOW -- Thai Airlines International has selected International Aero Engines' V2500 engine as it continues to expand its fleet of A320-series aircraft. Thai, the national carrier of Thailand, has placed an order for five purchased and six leased aircraft as it establishes a new low-cost regional carrier -- Thai Smile. MarketWire

IAE Delivers 1000th V2500 SelectOne(TM) Engine
DUBAI AIR SHOW - International Aero Engines V2500 SelectOne™ engine has recently reached a major milestone with its 1000th delivery. MarketWire

Middle East Presence Reflects IAE Regional Strength
DUBAI AIR SHOW - The Middle East has been a highly active region for International Aero Engines, as no fewer than 20 airlines are employing V2500 power within their fleets of A320 aircraft. MarketWire

Insight Management Corp.'s Subsidiaries Simpson Brothers Greenhouse and Simply Constructed in Joint Venture
Insight Management Corp. (PINKSHEETS: ISIM), a provider of sustainable solutions including solar and wind energy systems and eco-friendly prefabricated homes, reports that Simpson Brothers Greenhouses announces that it has finalized plans to incorporate and utilize Simply Constructed technology products and superior technology in their greenhouse operations in Ovid, Michigan MarketWire

Commercial Real Estate Market to See Improvement in Year Ahead
Depressed conditions in the financial and small business sectors continue to negatively affect the commercial real estate industry and the nation's economic recovery. That's according to economists at the Economic Issues and Commercial Real Estate Business Trends Forum at the 2011 Realtors® Conference & Expo yesterday. MarketWire

Bechtel Completes First Stretch of Kosovo Motorway
Bechtel and its longtime joint venture partner, Enka, have completed the first stretch of the 102-kilometer (63-mile) Kosovo Motorway one year ahead of schedule and within budget. MarketWire

IAE to Provide V2500 Powerplants for KC-390 Brazilian Military Aircraft
DUBAI AIR SHOW -- Embraer Defense and Security, in concurrence with the Brazilian Air Force, recently announced that International Aero Engines AG has been chosen to provide the powerplant for the country's new KC-390 multi-role tanker/transport aircraft. MarketWire

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