Dikshit refers to Rahul Gandhi as future PM

Sheila-DikshitNew Delhi, Sep 10 : Calling Rahul Gandhi the future prime minister, Delhi Chief Minister Sheila Dikshit Tuesday said she will go to him the day he occupies the government's top post and seek easing of land norms for faster progress of the city.

Speaking at a function held to confer freehold rights own residents of 45 resettlement colonies, Dikshit said there was multiplicity of authorities in the capital which led to difficulties in getting clearances for projects.

"The day he (Rahul Gandhi) becomes PM, we will go to him for improving conditions. There is a need of systemic change," Dikshit said.

Average gas price falls three cents from previous week

Average gas price falls three cents from previous weekAAA has said that the average price of a gallon of regular unleaded gas fell about 3 cents to $3.53 from the previous week.

The price of one gallon of gas is about 30 cents lower than a year ago when the price was recorded at $3.80. The price of gas in Mid-Atlantic region was four cents lower than the national average. The national average was recorded two cents lower from the previous week at $3.57 on Friday. The average price of gas in the District of Columbia was $3.73, which is four cents lower than the previous week.

Finance industry marks five years of Lehman Brothers bankruptcy

Lehman-BrothersThe finance industry in the US is marking the five year anniversary since Lehman Brothers filed for bankruptcy this week end in 2008.

The collapse of Lehman Brothers triggered the worst financial crisis in decades. The failure of Lehman Brothers is considered to be domino that led to so many other developments including Merrill Lynch’s sale to Bank of America; the bailout of the American International Group, the near collapse of Goldman Sachs and Morgan Stanley.

J.P. Morgan appoints Raymond as lead independent director

J.P. Morgan appoints Raymond as lead independent directorAmerican banking giant, J. P. Morgan Chase & Co has said that it has appointed Lee Raymond as the new lead independent director of the company.

Lee Raymond is a former Exxon Mobil Corp. chairman and chief executive and has been has been presiding director at J. P. Morgan. In the new position, Raymond will have new authority, including the power to call a board meeting at any time and also guide the annual performance evaluation of Chairman and Chief Executive James Dimon.

GBP/USD: Patiently Waiting On Bearish Reversal

On GBP/USD we are tracking a corrective rally from March low, which is a complex pattern most likely a flat in wave II. And it seems that pair could reach levels above 1.5750 this week after recent bounce from the lower side of a current upward channel.

However, this new high will be just a final leg, fifth wave within wave (C), so larger bearish trend remains in view but market just needs more time than firstly thought.

Tommy Hilfiger's new line is colourful, sporty

Tommy-HilfigerNew York, Sep 10 : Fashion apparel brand Tommy Hilfiger’s women’s spring-summer 2014 collection is colourful and sports-inspired.

The collection was presented at the New York Fashion Week here Monday.

“It’s Melrose to Malibu. The West Coast represents a golden era of surf, sport, and optimism,” Tommy Hilfiger, founder of the lifestyle brand Tommy Hilfiger Group, said in a statement.

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