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Watchdog groups fire at Facebook privacy case deal SAN FRANCISCO: Children's advocacy groups fired at Facebook on Thursday, rejecting a $20 million deal made to settle charges that the social network violated privacy by using "likes" as endorsements for ads.US-based Public Citizen led organizations backing a legal brief urging a federal appeals court in San Francisco to toss the deal inked last year.The filing said the settlement fails to compel the social network to change its ways when it comes to using profile images of teenage members in ads without the consent of parents or guardians.The practice is specifically banned by laws in California and six other US states, according to Public Citizen attorney Scott Michelman."The capture and republication of teen postings by Facebook is a pernicious assault on their rights to decide where their messages should go," said Robert Fellmeth, director of the Children's Advocacy Institute at the University of San Diego School of Law, which is ...

Australian PM says no handouts for struggling Qantas SYDNEY: Australian Prime Minister Tony Abbott on Friday said there will be no taxpayer handouts for struggling national carrier Qantas, but flagged support for lifting foreign ownership restrictions on the airline.Qantas has been lobbying the government to ease limits in foreign investment or provide state intervention to help shore up its bottom line as it battles record fuel costs and fierce competition from subsidised rivals.Chief executive Alan Joyce has been in Canberra this week to ...
Japan tyremaker shares drop on dissolved Goodyear alliance TOKYO: Shares in Japanese tyremaker Sumitomo Rubber dropped more than five percent Friday morning after US partner Goodyear said it was dissolving the firms' longstanding alliance over allegations of anti-competitive behaviour.The Tokyo-listed stock finished the morning session down 5.39 percent at 1,314 yen ($13) after Goodyear's chief financial officer said Thursday that Sumitomo was notified last month of its demand to end their 15-year tie-up."We have learned that (Sumitomo) has engaged in anti-competitive conduct in ...
Kraft profit up on retiree benefit gain, cost savings NEW YORK: Kraft Foods Group Inc on Thursday reported a higher quarterly profit on lower costs and a large accounting gain related to retiree benefits.The company's shares rose 2.1 percent in extended trading.Kraft, whose stable of famous food brands includes Velveeta cheese, Jell-O desserts and Maxwell House coffee, said fourth-quarter net earnings rose to $931 million, or $1.54 per share, up from $90 million, or 15 cents per share, a year ago.Earnings from the latest ...
GM recalls nearly 780,000 sedans over ignition shutdowns NEW YORK: General Motors said Thursday it was recalling nearly 780,000 sedans sold in North America for an ignition switch problem that could shut off a moving car's electrical devices, including airbags.The recall covers Chevrolet Cobalts from the 2005-2007 model years, 2005-2006 Pontiac Pursuits, and 2007 Pontiac G5s.GM said an ignition switch could be jarred from "run" position while the vehicle is operating into "accessory" or "off" position, turning off the engine and other electrical ...
BNP Paribas reports profit plunge on provisions PARIS: French bank BNP Paribas reported on Thursday a drop of net earnings by more than a quarter, mostly due to exceptional items, and announced a strategy to raise profitability.Net profit fell by 26.4 percent to 4.83 billion euros ($6.6 billion), below the 5.72 billion euros expected by analysts according to FactSet.Exceptional items pushed down profits by 1.21 billion euros, following a positive contribution of 184 billion euros in 2012.Among these was a 798-million-euro provision ...
Norwegian orders four more Dreamliners and reports Q4 losses OSLO: Norwegian Air Shuttle announced on Thursday the lease of four more Boeing 787 Dreamliner aircraft, despite a series of technical hitches with the planes. The contract, which brings Norwegian's planned Dreamliner fleet to 14, was signed with the US aircraft leasing company International Lease Finance Corporation (ILFC) but no financial details were released. The aircraft -- which can accommodate up to 20 percent more passengers over longer distances than the Boeing 787-8 planes the ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln