China Food-Price Inflation Slows on Vegetables, Pork

China's food inflation slowed last month after vegetable supplies recovered from blizzards in January and February and farmers reared more pigs.
The increase of 19.9 percent from a year earlier compared with a 22.1 percent gain in April, the statistics bureau said today. Non-food inflation cooled to 1.7 percent from 1.8 percent.
Overall consumer-price […]

UPS

Starting Thursday, June 12, television viewers will get a look into the inner workings of United Parcel Service Inc.’s Worldport air cargo hub at Louisville International Airport.
"Ultimate Factories: UPS," will premier at 9 p.m. on the National Geographic Channel (Insight Communications digital cable channel 450, DirecTV channel 276, DISH Network channel 186). […]

Geithner Calls for More Fed Authority to Prevent Future Crises

Federal Reserve Bank of New York President Timothy Geithner called for greater central bank authority over banks so the financial system can better withstand shocks and recover from the credit crisis.
In addition, the Fed's lending programs to commercial and investment banks will remain “until conditions in money and credit markets have improved substantially,'' […]

Iron Chef Sakai to help raise funds at Chefs du Jour

Organizers of the annual Easter Seals Hawaii Chefs du Jour hope the appearance of "Iron Chef" Hiroyuki Sakai at this year's fundraiser will help raise $200,000 for the charity, topping last year's net sales of $192,000.
The Chefs de Jour event takes place on Saturday, June 21, in Tamarind Park.
Chefs du […]

Bernanke Optimism on Growth, Inflation Dashed by Surge in Oil

As Federal Reserve Chairman Ben S. Bernanke prepares to deliver his first economic address in two months, the central bank's optimism that inflation is abating and growth will start to pick up has been dashed by the unexpected surge in oil prices.
The 13 percent jump in crude oil since policy makers last met […]