MUMBAI, May 24- Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in India's Maharashtra state, to hold his daughter's wedding in May. Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings. "Jewelry demand could drop by 30 percent in the second half due to fewer weddings,"...» Read More
TOKYO-- Plagued by uncertainty and fresh setbacks, the world economy has weakened further and will grow more slowly over the next year, the International Monetary Fund says in its latest forecast. Conditions could worsen if the United States doesn't deal with its budget crisis soon, the IMF said.
CARACAS, Venezuela-- During his re-election campaign, President Hugo Chavez promised to deepen the "21st century socialism" that has meant an ever-greater state role in the economy. Chavez faces immediate economic time bombs beginning with a rapidly expanding public debt, one of Latin America's highest inflation rates and a weakening currency.
SAN JUAN CAPISTRANO, Calif.-- Federal regulators disclosed Monday that the proposed restart of the long-shuttered San Onofre nuclear power plant in California could lead to an exhaustive review that might last months or even years.
SAN JUAN CAPISTRANO, Calif.-- Federal regulators say the proposed restart of the troubled San Onofre nuclear power plant in California could require a detailed review that might last months or even years.
DES MOINES, Iowa-- Principal Financial Group Inc. said Monday that it is buying AFP Cuprum S.A., a pension manager in Chile, for roughly $1.51 billion. Principal Financial said the deal will add to its existing business in Brazil, Chile and Mexico, to give the company an even larger presence in those emerging markets.
The ruling by the Appellate Division of the state Supreme Court reversed a lower court's 2011 dismissal of victim Daniel Williams' complaint, which accused Ohio gun maker Hi-Point and distributor MKS Supply Inc. of Ohio of intentionally supplying handguns to irresponsible dealers because they profited from sales to the criminal gun market.
PORTLAND, Ore.-- Three former Oregon governors are joining the current chief executive in opposing a proposal to build the state's first nontribal casino. Republican Vic Atiyeh and Democrats Barbara Roberts and Ted Kulongoski implored voters to oppose Measures 82 and 83, which would allow developers to build a casino in Portland's eastern suburbs.
SEATTLE-- Alaska Airlines operations slowly were returning to normal Monday afternoon after a fiber-optic outage shut down its ticketing system for five hours, cancelling flights in Seattle and Los Angeles and causing delays across the airline's 64- airport network.
TULSA, Okla.-- Laredo Petroleum Holdings Inc. said Monday that stockholders are selling 12.5 million shares in the company _ about 10 percent of the total outstanding shares _ through a secondary public offering.
BIG CHANGE: General Motors is setting up four technology innovation centers in the U.S. and plans to hire 10,000 computer specialists over the next three-to-five years. THE NEWS: GM announced on Monday that one of the centers would be in the Detroit suburb of Warren, Mich., on the site of its Technical Center.
The company has announced the sites of the first two centers, in Austin, Texas, and suburban Detroit, but it won't comment on the other two. AUSTIN, Texas: GM picked the home of the University of Texas because of its rich base of high-tech workers.
CPUC Administrative Law Judge Mark Wetzell decided Monday to put one set of hearings on hold until Oct. 15 to allow PG&E to more quickly reach a settlement with other parties. Democratic Assemblyman Jerry Hill of San Mateo and San Bruno Mayor Jim Ruane had urged the judge to continue open hearings.
MINNEAPOLIS-- Famous Dave's of America Inc. on Monday named John Gilbert III the new CEO of the company, replacing Christopher O'Donnell, who served as head of the barbeque restaurant chain since 2008..
WASHINGTON-- A private rocket successfully sent a capsule full of cargo zipping toward the International Space Station in a first of its kind delivery for NASA, but couldn't deliver on job No. 2: putting a commercial satellite into the correct orbit. It is the first of a dozen supply runs under a mega-contract with NASA.
NATICK, Mass.-- Boston Scientific Corp. said Monday it will buy Rhythmia Medical, which makes mapping and navigation systems used in heart surgeries, for up to $265 million.
NEW YORK-- A Bernstein Research analyst downgraded Intel Corp. on Monday, foreseeing pricing pressures for the chip maker in the next 12 to 18 months. The analyst, Stacy Rasgon, downgraded Intel to "Underperform" from "Market Perform" and cut his target price to $20 from $24.
OKLAHOMA CITY-- Continental Resources Inc. said Monday that it plans to triple production and proved reserves of oil and natural gas liquids in the next five years on its leased properties in the U.S.
General Motors is moving past layoffs and the Motor City's rusty, low-tech image. "The companies that build the software themselves in general are going to have an advantage," says David Kirkpatrick, author of a book about Facebook and CEO of Techonomy Media Inc., a New York firm that specializes in setting up technology conferences. "