Wednesday, December 5, 2012

Overachieving Elf on the shelf Mama of ' people I want to Punch In the throat '

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Curtis Allgier gets life imprisonment for the murder of Utah prison guard Stephen Anderson

Curtis Allgier is sentenced to life imprisonment for the murder of a security guard during a trip to a doctor. Get crime alerts: Sign Up follow: Curtis Allgier, Curtis Allgier, Curtis Allgier, Curtis Allgier Murder sentenced tattoos, Curtis Allgier Utah, Utah crime, Prison-Guard-killed, Stephen Anderson, crime news # news_entries # ad_sharebox_260x60 img

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Messi injured: Barcelona Star Stretchered off against Benfica (VIDEO)

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Sandy Cleanup could lead to disease, disputes for employees

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Joe Lieberman he wishes Obama criticism of left 2008 Convention speech

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Smartest cities In America: Fast Company ranks Brainiest cities (photos)

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Dina Manfredini, 115, now world's oldest person (VIDEO)

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Washington gay marriage measure signed into law by Chris Gregoire

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Jovan Belcher Memorial Service: Chiefs players Live Service for teammate (photos)

Carriers place a coffin with the body of Kansas City Chiefs NFL football player Jovan Belcher in a hearse after a service in the landmark International salvation and worship Center Wednesday 5 december 2012 in Kansas City, Mo. Get sports alerts: Sign Up follow: NFL, Kansas City Chiefs, Belcher Memorial, Belcher Memorial Service, Chiefs, Chiefs, Chiefs, Jovan Belcher, Belcher Jovan Belcher Jovan Belcher Chiefs, Jovan Belcher Memorial, Jovan Belcher Memorial Service, Jovan Belcher murder suicide, sport news # news_entries # ad_sharebox_260x60 img

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Mario Lopez Wedding: photos of the ' Extra ' Host wedding to Courtney Mazza (photos)

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Syria prepared for chemical weapons use: Sarin in aerial bombs despite international warnings loaded

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Struck by the Village Voice food critic Schmendricks Bagels (photos)

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What price for victory? For Kansas, it's $ 2. 5 M Per Win

Kansas coach Charlie Weis during a game against Oklahoma State in Lawrence, Can. Sports Alerts: sign up get react: inspirational
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Kobe Bryant: Lakers star reaches milestone with 30,000 points Jumper against Hornets (VIDEO)

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Arrested: John McAfee Antivirus software magnate reportedly stopped by the police of Guatemala

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Believe it or not: IBM has more Indians than Americans

, most probably now more people employed in India than in the United States as a whole – internal document reported by Computerworld magazine's right.

According to the document, as reported by Computerworld (details here), IBM has 112,000 employees in India, up from just 6,000 in 2002. When contacted by Firstpost, IBM dropped to comments about this document or say anything about the numbers.

IBM is sensitive to criticism that its understandable hire spree in India can ratchet up the outsourcing debate at a time when u.s. unemployment is stuck at 7.9 percent.



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Trust will get $ 2 billion loan guarantee of us EXIM

It represents the first attempt to finance via the dependence on capital markets in the EU with an Ex-Im Bank guaranteed bond issuance. Reuters

It represents the first attempt to also trust the financing via the capital markets in the EU with an Ex-Im Bank guaranteed bond issuance, an official release said. The credit will support approximately 12,300 u.s. jobs, according to estimates from the bank derived from trade and Labor departments data and methodology.

In addition, six percent of the funding is expected to support American small businesses. "This transaction is a great opportunity for exporters in the u.s. and u.s. jobs, as evidenced by the impressive exporter and job counts," said Ex-Im Bank Chairman and President Fred Hochberg P.

"We are very pleased to support confidence in this important extension project," added Lillian Labbat, managing director of JP Morgan. Among the more than 65 exporters and suppliers involved in the transaction are Fluor Corporation, Lummus technology, Univation Technologies LLC, Bechtel and ConocoPhillips. The complex is located on the Gulf of Kutch and Jamnagar district oversees the largest single-location refinery operation in the world.

Trust is planning to export petrochemical complex by the construction of a petroleum coke gasification unit that will top of the timesheets in size and significant world improving the efficiency of the company of the refinery. Trust is also planning to build a refinery from gas cracker with matching of downstream units which polymer and polyester production will integrate better.

"We are again together with major American suppliers for cutting edge technology, critical project management services and equipment of a large part of the u.s. exporters for the roll-out of our next phase of growth," said Alok Agarwal, reliance on chief financial officer.

PTI

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Relieved Sahara gets time until February to repay investors

AFP

It is not yet clear how many Sahara has to repay in total, as the regulator, which oversees the process of refund, still is to check the investment documents. After the Court ruling on Wednesday, said Sahara that it was ordered to pay Rs 17400 crore together with interest.

It said in a statement quoting one of her lawyers that the supervisor her outstanding obligation at the bonds be 26.2 billion rupees had certified. Sahara has said that most of the funds to bond investors has already redeemed.

Lawyers for the regulator have the payout to approximately 240 billion rupees plus an interest rate of 15 percent per year estimated.

A copy of the court order Wednesday was not available.

The highest court had asked Sahara in August to deposit the amount with the supervisor of the capital markets. It had also ordered Sahara to detailed documents with the supervisor serve as the no money collected through the forbidden bonds had repaid.

The case was back in court, after the regulator said Sahara had not complied with the order, while Sahara argued the regulator "deliberately refused" to accept of documents and information submitted by it.

The Court granted extra time to Sahara despite objections of the lawyers from the Securities and Exchange Board of India (SEBI), a lawyer for the regulator said.

Sahara, whose interests range from finance and real estate to sports, has a series of trophy properties acquired in the past few years, and recently bought the Plaza Hotel in New York.

In 2008 the Reserve Bank of India ordered a Sahara company to stop taking deposits from the public.

SEBI issued ads in late October to say that they had received complaints from investors that they "were forced" by Sahara agents and officials to switch from the money held by the forbidden bonds to other investment products sold by the group.

Sahara has sought a review of the August court order. The Court is still reviewing a rule on the petition.

Reuters

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Obama leads Forbes power list, Manmohan Singh on 19

When it comes to power, trumps politics business, according to a new Forbes ranking. Reuters

The list of top ranked businessman was Microsoft co-founder Bill Gates on number 4. U.s. Federal Reserve Chairman Ben Bernanke and the President of the European Central Bank Mario Draghi, both public officials also came in the top 10.

"List this year reflects the changing of the guard in the world two most powerful countries: the United States and China," Michael Noer, Forbes Executive Editor, told Reuters in an e-mail.

Noer noted that China's President Hu Jintao, third most powerful person last year, fell off the list as he is leaving his successor, Xi Jinping, power, and ninth ranked instead.

U.s. Treasury Secretary Timothy Geithner and Secretary of State Hillary Clinton, who have declared that they will not serve on the Obama second term, were not in the rankings this year.

While elected and appointed officials and business people the vast majority of Forbes most powerful, Pope Benedict XVI placed fifth in the standings.

One of the oddities was Joaquin Guzman Loera on nr. 63.

Loera, is far from a household name, a billionaire nicknamed "El Chapo" who as head of Mexico's Sinaloa cartel drug trader is the world's most powerful people, according to Forbes.

Age was not a barrier, with two of the youngest and oldest of this year is the most powerful — 28-year-old Facebook CEO Mark Zuckerberg and 81-year-old News Corp. CEO Rupert Murdoch — back-to-back at numbers 25 and 26, respectively.

Forbes noted that Zuckerberg fell out last year after top 10 Facebook IPO disappointed. Meanwhile, Brazilian President Dilma Rousseff was a gainer, those four spots to no. 18 despite the fact that moved only halfway into her first term.

You create the rank list, which Forbes recognises easily wore a certain degree of subjectivity, editors classified candidates on four criteria for power and average four ranks:

-Power over many people

-Control over financial and other valuable resources

-Power in multiple areas or arenas

-Active use of power

Some measures, such as power over many people, favored leaders as the Pope, terwijl's world's richest man — Mexican telecom magnate Carlos Slim Hula, worth a reported $ 72 billion — placed 11th on the strength of his wealth.

Others, such as New York Mayor Michael Bloomberg, billionaire scored high in all areas, placing him at no. 16.

Noer said that Elon Musk, one of the co-founders of Paypal and Tesla Motors, was "one of the more interesting newcomers" on the list because of his SpaceX company, a private space-exploration venture.

"With the NASA space shuttle fleet, retire the private companies like SpaceX have large contracts awarded to do things such as resupply the International Space Station. The commercialisation of space has just begun, but we expect that big business, "Noer said.

Former President Bill Clinton placed 50th, with editors noting that by hitting the campaign trail for Obama, Clinton "cemented his status as a pivotal figure", along with his nonpartisan Global Initiative attracting more than 71 billion dollars in commitments for the financing of charitable action worldwide.

Other high-ranking government leaders included French President François Hollande on nr. 14, Indian Prime Minister Manmohan Singh on nr. Iran's Grand Ayatollah Ali Hoseini-Khamenei 19 and number 21.

Among entrepreneurs in the top 20 were Berkshire Hathaway CEO Warren Buffett at no. 15, Wal-Mart CEO Michael Duke at no. 17 and Google founders Larry Page and Sergey Brin on nr. 20.

Reuters

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GMR does not exclude foreign hand in male airport row

AFP

Kapur, did not comment on the possibility of the involvement of foreign nation. Maldives has refused to abide by a Singapore court decision that stayed the termination of contract, and the GMR will continue with its decision to takeover the airport by Friday said.

GMR has so far refused to compensate for the withdrawal to take bait from Maldives says that it was in the nation for the operation of the airport and not for compensation. Asked whether the company would appeal to the International Court of Justice, said Kapur: "We expect and do appeal to Government Maldives honor international law."

GMR, he said, was still hopeful of an "amicable solution" to the crisis, but retain that repeated attempts to get in touch with the Maldives President to clarify yet with no answer.

Kapur said the company was grateful for India's support to it since the beginning of the crisis and hoped New Delhi would "take everything possible of their arsenal to ensure that something amicable." Asked whether the company tried to reach and the main opposition in the Maldives, he said, "We have tried to speak with everyone so far. We are fully committed to the project. "

PTI

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Citigroup's new chief launches first salvo: cuts 11,000 jobs

Reuters

The job cuts are part of a restructuring that will reduce annual revenues by "less than 300 million dollars," the bank said.

The bank has been in a long slog to recover from the losses of the financial crisis, which asked multiple government bailouts. While hundreds of billions of dollars of troubled assets, analysts already impatient with her objects has long refusal to scale back costs enough to reduced demand for its services.

Analysts have been expecting dramatic steps since Corbat was brought in as CEO of Citigroup President Michael O'Neill. O'Neill is known in the banking sector for the reduction of the companies to eliminate companies that do not yield satisfactory deserve.

"Corbat has a limited window of opportunity here in which he his new CEO can make movements," said Nancy Bush, a bank analyst and a long time editor at SNL Financial. Having regard to the mandate that he has to act, she said, "you might as well get the shocking figures out first."

Still, Bush expects corbat will continue restructuring and cutting jobs for two years. "I look at this as the first cut," she said. "Corbat forever digging and looking for places to cut, and inevitably staff the bulk of that will be."

The job cuts announcement came a few hours before Citigroup Chief Financial Officer John Gerspach was scheduled to speak at noon at a major Conference of institutional investors in New York.

CONSUMER BANKING CUTS

Approximately 35 percent of the fourth quarter restructuring charges will be held in the global consumer banking unit, where 6,200 jobs will be cut, the bank said. About 40 percent of the layoffs will be in technology and operations areas.

The bank expects to sell or scale back consumer operations in Pakistan, Paraguay, Romania and Uruguay. If it stays focus on 150 high growth markets, they intend to throw 84 locations in five countries, is more than half of them in the United States.

After the restructuring, the bank will have 4,000 offices all over the world.

Bush said that the bank had a "stupid strategy" in the middle of the years 2000, then it was adding branches in areas such as Boston and the suburbs of New York. "They now need to go back and think about their entire domestic branch strategy, and international too," she said.

When Citigroup CEO's changed in October, said O'Neill would remain of the bank strategy executives of peel back to core activities operate more efficiently. The strategy has included emphasis on business in rapidly growing urban areas.

Of the announced restructuring costs, will be about 25 percent are held in the bank investment and corporate banking businesses, and 10 percent in transaction services. About 1,900 jobs should be cut from those areas, with more than half from operations and technology features that support for the companies.

A goal of the cuts would eliminate redundant coverage of relationships with business customers, long a source of inefficiency at Citigroup, where sometimes treat relationships with companies and multiple bankers pitch them loans, great advice, securities underwriting and other services.

The movements will "streamline our client coverage model," the bank said.

Another 25 percent of the costs are for the revision of business and various other functions. About 2,600 jobs are in corporate support services, global functions, real estate and the Citi Holdings portfolio of troubled assets the company shedding is eliminated.

The announcement did not say how or whether he wants to organise its executive team Corbat the position of chief operating officer, which was left open as John Harbors left with Pandit will fill.

Even before the move Citigroup had large banks some 160,000 jobs loss since early last year, according to a Reuters analysis announced in November. Among the largest: Bank of America in September 2011 announced 30,000 layoffs as part of a plan to annual costs by $ 8 billion. This bank is also close or sell 750 branches.

In October unveiled Swiss bank UBS plans to fire 10,000 staff and fixed-income business relax.

Citigroup announce job cuts and reduction of costs for years. In April 2007 the announced 17,000 job cuts, intended to help save $ 4.6 billion of annual expenditure in 2009.

In November 2008, as the financial crisis was in full flush, Pandit announced plans more than 50,000 jobs. Pandit said the bank was In December 2011 cut 4,500 positions, and said he aimed to cut costs by 3 to 5 percent per year.

Reuters

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Noble Rig Jacking Mechanisms Failure At Jurong Shipyard Singapore

The rig is belong to Noble. I don’t really know much details about the rig.

This is the updated from the News

The Ministry of Manpower (MOM) has confirmed with Jurong Shipyard that all workers have been accounted for. Of the 89 workers who were sent to hospital for treatment after the accident, the majority of workers have been discharged from hospital after receiving treatment for minor injuries.

 Preliminary findings suggest that one of the jacking mechanisms failed for the rig Noble Regina Allen berthed at the shipyard, causing the main hull of the rig to list to one side, leading to the accident.

Hopefully, they will be OK.

Let’s work safe.



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Syscom 18 Wins Deal for Power Metering Systems

By John Lee.

Syscom 18, the Romanian company specialising in industrial automation and measuring systems, has won a contract worth three million euros in Iraq.

The project involves the “design, construction, installation, electrical and automation side and starting operations of 40 fiscal metering systems”, to be integrated into two power plants; project completion is scheduled for the second half of 2013.

Ion Andronache, President of Syscom 18, commented:

“The fast development pace of the oil and gas segment in the region, but also our previous work experience in other countries in the Middle East, helped us win this project.

“Given that the regional markets continued to have a high economic potential, their financial and energy resources remained at important parameters and the Middle East further needs equipment of industrial measurement and control for oil exploitation.

“Six years ago still, we decided to orient a significant part of our business efforts to the external market and we did well. This year, about 25 percent of our revenue structure comes from international projects.“

He continued:

“Iraq is for us a region of great interest. There are currently some serious opportunities for foreign companies wishing to implement projects in the Iraqi energy field. Their national development plans aim to satisfy, through the large projects of providing electricity, population’s increasing energy demands.

“So that power plants will be built, imports of electricity will increase, infrastructure is to be constructed. In other words, large investments into projects are expected, and experienced foreign companies in the field will also have access, those capable to implement short or long-term projects.

“Beyond the construction and operation of the power systems and units, opportunities will arise for the training of Iraqi engineers, managers and other staff in the energy sector.“

(Source: ACT Media)

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Shriram, Mokul bag $230m Basra Contract

By John Lee.

A joint venture between the Indian companies Shriram EPC Limited (SEPC) and the Mokul Group has bagged an order worth $230 million for the supply and laying of basic sanitary systems in Basra.

Shriram EPC, which is part of Shriram Group, is an integrated design, engineering, procurement, construction and project management services for power plants, renewable energy projects, process and metallurgical plants and municipal service sector projects.

The scope of work entails engineering, supply and installation of a primary sanitary sewer system, storm sewer system and trunk sewer system with connected pumping stations and road works.

According to a report from Business Standard, Shriram will oversee the laying of approximately 240km of sewer pipe line, 160km of storm pipe line, and 8km of trunk sewer pipe line along with road works in the area. The project is scheduled for completion in 3 years.

Managing Director and CEO of Shriram EPC, T. Shivaraman (pictured), said that this is the company’s first order in the Middle East.

(Source: Business Standard)

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US to End 16-Year Ban on Commercial Flights to Iraq

By John Lee.

The U.S. Federal Aviation Administration (FAA) is lifting its 16-year-old ban on commercial flights by U.S. carriers to two airports in Kurdish northern Iraq, citing increased stability in the region.

Civilian flights were halted in 1996 for safety reasons, the FAA said in a notice to be published in the Federal Register tomorrow (you can download a pre-publication copy here).

The agency will now allow flights into Erbil and Sulaymaniyah airports in Iraqi Kurdistan, following the use of these airports by commercial operators from other nations without incident for years.

U.S. civilian flights have been allowed to operate over Iraq at altitudes above 20,000 feet (6,096 meters), and the FAA has granted permission for some commercial flights into that country under contract by the military or other agencies.

According to the FAA notice, the Transportation Security Administration, which oversees security issues, also must approve U.S. carrier operations in Iraq.

The FAA added that it is committed to actively and continually evaluating airports in other regions of Iraq so that they can be used by U.S. civil operators.

(Sources: FAA, Bloomberg)

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KBR Awarded FEED, QCSS Contracts at Mansuriya

US to End 16-Year Ban on Commercial Flights to Iraq Shriram, Mokul bag $230m Basra Contract Syscom 18 Wins Deal for Power Metering Systems Weekly Security Update Categorized

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Bob Marley trademark lawsuit: singer's family settles case with Half-brother, Richard Booker

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Top two percent of GOP: Us tax

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Richest black woman In the world, Folorunsho Alakija, Was a major fashion designer In Africa

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Donne Trotter arrested: State of Illinois Senator charged with packaging gun at O'Hare Airport

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Cory Matthews speaks: ' Girl Meets World "Star Ben Savage talks ' Poetic ' Spinoff

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George H.W. Bush health improves, Ex-President still hospitalized

This undated image released by HBO shows former President George H.W. Bush on his boat in Kennebunkport, Maine during the filming of the documentary "41," premiere Thursday, 14 June, at 9: 00 p.m. EST on HBO. (AP Photo/HBO, Jeffrey Roth) Politics Alerts: sign up get react: important
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Anne Hathaway and Amanda Seyfried: ' Les Miserables ' world premiere (photos)

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Hurricane Warning definition modified by NHC In wake of Sandy

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Coldest US temperature of season included In Alaska

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' Slumber Party Barbie ' diet book from 1965 offers disturbing weight loss advice (photos)

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' Scandal, '' Happy Birthday, Mr. President ': Fitz and Olivia flashback to steamy Oval Office Hookup (exclusive VIDEO)

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Lifetime boss: ' Liz and Dick ' Was worth it for the Buzz

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How to bake the perfect batch of Cookies by pleated Jeans (VIDEO)

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The best Android phones of 2012: How Android improved, and improved, and improved this year

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Jennifer Lopez: ' dancing ' Devastating ' divorce again singer opens about

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