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Business News on April 29, 2012


Ban on cotton exports deliberate, meant to reassess: Anand Sharma
Minister for Commerce and Industries Anand Sharma on Sunday said the ban imposed on cotton exports in March this year was to review its availability and demand situation. ANI

Google releases full report of US inquiry into street data collection probe
Google has released a report of the US Federal Communications Commission's inquiry into the sensitive data it collected from millions of unknowing households while operating specially equipped cars for its Street View service. ANI

Sri Lanka rejects Indian offer to upgrade refinery
Sri Lanka has rejected an Indian offer to upgrade a local refinery which is built to refine only Iranian oil, a minister said on Sunday. ANI

Basic Element Companies Expand Partnership with Norinco Corporation
Oleg Deripaska, CEO of Basic Element and UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, MICEX-RTS: RUALR) and President of En+ Group, and Zhang Guoqing, President of China North Industries Corporation, signed a framework agreement on strategic cooperation providing for the joint implementation of projects in the engineering, mining and metal sectors ACN Newswire

Dockwise Ltd: Dockwise Increases Ownership in Fairstar to 28%
Dockwise Ltd. through its subsidiaryDockwise White Marlin B.V. ("Dockwise") has last week completed theacquisitionof 19% shares in Fairstar Heavy Transport N.V. ("Fairstar") and Dockwisehas nowwaived the sole remaining condition in purchase agreements for almost 9% oftheFairstar shares. These agreements will be completed in the next few days MarketWire

Pathfinder Bancorp, Inc. Announces First Quarter Earnings
Pathfinder Bancorp, Inc. ("Company"), the mid-tier holding company of Pathfinder Bank (NASDAQ: PBHC), announced reported net income of $529,000 and basic and diluted earnings per share of $0.16 for the three-month period ended March 31, 2012, compared to net income of $426,000 and basic and diluted earnings per share of $0.12 for the same period in 2011 MarketWire

A Rising Photo-Sharing App in Asia, KTH's 'Pudding.to' Releases Infographic, Showing Its Global Growth
'Pudding.to,' a photo-sharing app incorporated with emotion-tagging features, is a rising star among many Asian countries. MarketWire

Farmers Insurance Claims Teams Helping Tornado Victims in St. Louis Area
Farmers Insurance claims personnel, agents, District Managers and employees throughout the Dallas/Fort Worth area are providing immediate help to victims of the severe storms that struck the St. Louis area and caused damage to homes, vehicles, trees and power lines. MarketWire

Dockwise Ltd :Dockwise increases ownership in Fairstar to 28%
Breda, The Netherlands - 29 April 2012 - Dockwise Ltd. through its subsidiary Dockwise White Marlin B.V. ("Dockwise") has last week completed the acquisition of 19% shares in Fairstar Heavy Transport N.V. ("Fairstar") and Dockwise has now waived the sole remaining condition in purchase agreements for almost 9% of the Fairstar shares GlobeNewswire

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