BUSINESS

India's Finance Minister Pranab Mukherjee

India Allays US Allegations That Retrospective Tax Law Amendments Are Discriminatory

India on Friday allayed US allegations that the proposed retrospective amendments to the Indian tax laws are discriminatory and will adversely impact the US investments.Indian Finance Minister Pranab Mukherjee told Lok Sabha that the proposed amendments will not have any negative impact on the foreign investments. His clarification came after the new US ambassador to India Nancy Powell raised the issue in a business meeting on Friday at New Delhi.
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Farmers, Scientists Protest USDA Approval Of Dow's 'Agent Orange Corn'

Consumer, producer, and environmental groups are concerned that Dow AgroSciences appears to be on the cusp of winning U.S. regulatory approval for genetically engineered corn -- a move that could potentially have devastating consequences by encouraging the increased use of the herbicide 2,4-D.
Operation Waistcoat

Operation 'Waistcoat' Recovers Art From Swiss Heist

One of four paintings stolen at gunpoint from a Swiss museum four years ago in a stunning art heist has been returned to Zurich, the city's senior public prosecutor said on Friday, meaning all the paintings have now been recovered.
Hyman Strachman, known as "Big Hy" to his customers, has created hundreds of thousands of bootlegged copies of popular movies, from "The Hangover" to "Gran Torino." One would think Strachman is Public Enemy No. 1 to the Motio

Hyman Strachman, 'Good Guy Pirate': 92-Year-Old WWII Vet Sends Bootlegged DVDs To Troops Abroad

Hyman Strachman has created hundreds of thousands of bootlegged copies of popular movies, from The Hangover to Gran Torino. One would think Strachman is Public Enemy No. 1 to the MPAA, but on the contrary, this 92-year-old World War II vet is just looking to stay busy after the death of his wife, copying DVDs to send to American soldiers currently fighting in Iraq and Afghanistan.
Vegas

Travel Picks: Top 10 Wedding Anniversary Spots

As Britain's Prince William and his wife Catherine approach their first year of marriage on Sunday, online travel adviser Cheapflights has come up with a list of its top 10 travel destinations to celebrate wedding anniversaries.
Bank of Japan Governor Masaaki Shirakawa speaks during a news conference at its headquarters in Tokyo

Bank of Japan Ups Bond Purchasing Program to $867B

The Bank of Japan will expand its Asset Purchase Program by an additional 5 trillion yen ($62 billion) to increase the purchase of Japanese government bonds, exchange-traded funds and Japan real estate investment trusts, the bank announced in a statement Friday.
File photo of a Chinese 100 yuan banknote being placed under a $100 banknote in this photo illustration taken in Beijing

China Sets Record High Ceiling For Yuan

China's central bank expanded the yuan's reference rate against the dollar to another record high on Friday, in a nod to calls from the U.S. to loosen growth restrictions on the currency's value.
China Real Estate

Mixed Data On Chinese Cos Intensifies Monetary Policy Guesses

A headscratcher of a report on Chinese industrial profits intensified speculation about just what exactly central bankers in that country will come up with next as the note, by the National Bureau of Statistics (NBS), revealed data that both supporters and detractors of monetary easing in the world's second-largest economy will find justifies their rationale.
Ayatollah Ali Khamenei

Iran: A Modern Day 'Nazi Germany'?

Some top Israeli officials have repeatedly compared the current regime in Tehran to Nazi Germany and Adolph Hitler?s program of exterminating the Jews.
Ford Motor Company CEO Alan Mulally

Ford Earnings Stall In 1Q On Poor Global Performance

Ford Motor Company (NYSE: F), the second-largest U.S. carmaker, said Friday profit fell 20.5 percent, missing analysts' predictions, on lower European sales, plunging South American profit and a drop in Ford Credit profit.
Apple Gets Final Approval For Tax Incentives, Can Now Begin Expanding Austin Campus

New Apple Campus In Peril, Says Austin Chamber Official

Apple's plans to build a sprawling new campus in Austin, Texas, looks to be in trouble. After several delays in approving an incentives deal by the Travis County Commissioners Court, the Cupertino, Calif.-based computer maker is getting very frustrated.

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