Mid day business report - capsule report.

Maxell Maharashtra Corporate Excellence Awards 2011 - conferred by Hon'ble Chief Minister of Maharashtra Prithviraj Chavan on 6th May, 2012 at the NCPA Nariman Point Bombay.

To some it's known as the 'Turkish Miracle' - an economy that continued to grow in 2011 despite European stagnation. And with Turkey seemingly taking a bigger role in regional foreign affairs - many are looking to the country as an example of sound economic and political practice. But with a global trade and service balance in debt to the tune of 70 billion dollars -- many believe the economy will have to slow this year - if Turkey is to balance its books -- as Howard Johnson reports from Istanbul. Reporter, cameraman, editor: Howard Johnson More info: bit.ly Twitter: twitter.com

From the Majority Report, live MF 12 noon EST and via daily podcast at Majority.FM What more does the fracking industry have in store for Pennsylvania?

Wally Doolin, Chairman and Founder of Black Box Intelligence and People Report, reflects on March and Q1 2012 results. View the full snapshot: www.blackboxintelligence.com -- Find out more: Black Box Intelligence www.blackboxintelligence.com People Report http Consumer Edge Research Restaurant Willingness to Spend Index consumeredgeinsight.com --

This is what's in the news for Wednesday January 4, 2012. The Wall Street Journal reports Federal Reserve officials will soon begin detailing their plans for short-term interest rates, a move that could show that the central bank's easy money policies will remain in place for years and boost the economy. The Wall Street Journal also reports with increased competition and weaker markets, investment banks are lowering expectations and cutting costs in Asia which has been a key source of growth for the industry. Reuters reports MF Global (MFGLQ) unloaded hundreds of millions of dollars' worth of securities to Goldman Sachs (NYSE:GS) days before its collapse, but it did not immediately receive payment from its clearing firm and lender, JPMorgan Chase (NYSE:JPM), sources say. Finally, Reuters also reports Exxon Mobil (NYSE:XOM) is in talks to sell most of its 50% stake in TonenGeneral Sekiyu KK back to its Japanese refining partner and unload other assets in Japan in a deal that could be worth as much as B, sources say.