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MIDDAY BUSINESS REPORT: Garmin navigates to record, raises ...Garmin Ltd . sold $432.5 million worth of navigation gear during the second quarter, shattering Wall Street estimates for the Olathe company. Before the market opened this morning, the manufacturer of Global Positioning System devices reported a $120.7 million profit for the three months. Min Kao, Garmin's chief executive, said the sale of automotive products grew by more than 100 percent during the period. "Solid growth in both our automotive/mobile and outdoor/fitness segments has positioned us to exceed our earlier 2006 guidance for these segments," Kao said in a statement. The company raised its sales projections for 2006 to $1.6 billion, and earnings per share forecast to "exceed $3.90." The $432.5 million in sales is a record for Garmin for the second quarter. read more. Going green: Zero emission across different industriesConcern for environmental damage caused by industries' pollution has reached fever pitch globally. Proactive waste management systems practiced today are still in the "end-of-the-pipe" phase. They need to move beyond recycling to work at minimizing waste generation. This can be done by revisiting the entire production processes of different industries. Worldwide, companies are waking up to the fact that the only sustainable path to the future is the observance of the zero emissions doctrine. As a new paradigm, zero waste has to be embraced with a near religious zeal that goes beyond recycling waste. At the basic level, it would mean that the manufacturer takes back some part of the product for reuse. The significant barriers to zero-waste drive are evident. If there was resistance to setting up effluent treatment plants in the early 1990s, radical shifts in today's production process are bound to face stronger resistance. read more. TCS, Wipro keen to acquire land at Infopark: Kerala CMKochi, Aug 5. (PTI): IT majors Tata Consultancy Services and Wipro have evinced interest in acquiring land for setting up campuses at Infopark at nearby Kakkanad, Chief Minister V S Achutanandan said on Friday. The Chief Minister, who visited the Infopark on Friday morning and spent about 20 minutes talking to officials, later told reporters that about 25,000 people would get employment by 2008 when the development of the park would be more or less completed. Infopark would not be a subject of discussion during the talks being held on Friday and Saturday at Thiruvananthapuram with the officials of Dubai Internet City (DIC) in connection with the setting up of the Kochi Smart city project, he said. The Chief Minister said land acquisition proceedings with regard to 136 acres of land for developing Infopark would be speeded up. read more. Canny thieves make a mint out of scrap metalAt about 4.30 every morning, the residents of one west London street are woken by a man raiding the skip outside a renovation site. He is searching for any scrap metal he can find - from the copper in old wiring to lead piping. Salvaging metal from building sites has become a competitive business. Everyday Nick, whose job is to lay lead on roofs, picks up about £15 worth in lead scrap, which he takes to a local merchant. There, he and fellow workers turn in any metal they find - in one case an old copper pan - just for the scrap value. . read more. Will Saudis Emulate Dubai's Development Bonanza?The grass is always greener on the other side. Saudi visitors and businessmen returning from Dubai seem to come back ever more impressed by the phenomenal growth and development taking place in that UAE emirate. They long for the day when the Kingdom emulates Dubai's apparent success. A major question, however, does Saudi Arabia really want to be another Dubai? Underneath the glitter and the sophisticated marketing and PR, glitches and cracks are beginning to appear in Dubai's so-called miracle development bonanza. It behooves Saudi Arabia to sit back and take note. Societies need to balance their economic development with transformation that takes into account internal social cohesiveness and responsibilities for the wider community. While Dubai has undoubtedly provided its native citizens with the trappings of a comfortable welfare state, a luxury lifestyle and seeming guaranteed employment, the desire and obsession to be the number one in many areas has also created social stress and uncertainty about core family traditions and values. read more. Foundations for Palm Jumeirah monorail to be completed soonDubai: The foundations for the path of the Palm Jumeirah's Dh900-million monorail transit system will be completed this month, according to Palm developers Nakheel. The 5.4km long transport system will run between the Gateway Station at the trunk of The Palm Jumeirah and the Atlantis Station on the crescent, calling at two intermediate stations on the way Trump Tower and Village Centre. Arabian Forasol, a UAE/Swiss company, has been awarded two piling packages for the Trump Tower station on the trunk and the Atlantis station on the Palm's crescent. Piling began on the crescent station this week and will start on the Gateway stop in September. The monorail will initially carry up to 2,400 passengers per hour per direction in four separate trains, each made up of three cars. read more.If top quality Citibank Dubai In Job Offshore facts is what you are enthusiastic about, Ask Jeeves can detect it for you. |
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