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Cannes illustrates how ad industry is adapting (USA Today) - Early morning parties, posh hotels and glittering white-sand beaches may be perennial standards for the annual Cannes Lions International Advertising Festival. But it won't be business as usual this week at the 54th edition of the biggest annual gathering on the French Riviera of the global ad industry.

Hundreds evacuated after gas main break in Industry (Los Angeles Times) - A major gas main break in the City of Industry this morning forced hundreds of people to be evacuated, including one person who was transported to a local hospital with minor injuries, officials said.

VIETNAM, SPAIN STEP UP COOPERATION IN FISHERIES INDUSTRY (Asia Pulse via Yahoo!7 Finance) - Food Vietnam and Spain have agreed to step up co-operation in the fisheries industry following the signing of a memorandum of understanding in Ho Chi Minh City on Thursday.

Vietnam, Spain Step Up Cooperation In Fisheries Industry (Asia Pulse via Yahoo!7 News) - Vietnam and Spain have agreed to step up co-operation in the fisheries industry following the signing of a memorandum of understanding in Ho Chi Minh City on Thursday.

Rural co-op takes chance to expand during industry change (NZPA via Yahoo!Xtra News) - South Island co-operative CRT has taken an opportunity to expand during a period of tight margins and tough competition, as widespread change hits the rural supplies industry.

Oil Industry Scales Back Expansion Plans (CBS News) - A push from Congress and the White House for huge increases in biofuels, such as ethanol, is prompting the oil industry to scale back its plans for refinery expansions. That could keep gasoline prices high, possibly for years to come.

Gov Promotes Defense Industry in France (AP via Yahoo! Finance) - Gov. Matt Blunt is in France this week promoting Missouri's airplane and defense industry. Blunt is attending the Paris Air Show, the world's biggest air show. The governor's office said he's working to promote companies with Missouri ties, such as Boeing Co., Essex Industries and GKN.

Call for gambling industry investigation (Newstalk via Yahoo!Xtra News) - There is a call for the investigation into the Christchurch Casino to be widened to include the whole gambling industry.

Hoe Causes Gas Emergency In City Of Industry (CBS 2 Los Angeles) - A construction worker using a backhoe ruptured a 1-inch natural gas line Monday in Industry, resulting in an evacuation of about 200 people from a business, authorities said. SLIDESHOWS: View The Day's Top Photos VIDEO: Watch The Latest News

Oil Industry May Cut Back Refinery Plans (ABC News) - Push for Increases in Biofuels Causes Oil Industry to Scale Back Refinery Expansion

 
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Spend billions on IT industry, urges think tank (TechWorld) - US taxpayers open empty wallets. An IT think tank is urging Congress to devote $30 billion (£20 billion) toward the IT industry, saying such a move will create or retain nearly 1 million jobs.

Scientist's singling out of Aust coal industry 'unfair' (ABC via Yahoo!7 News) - A mining group says a warning to incoming US President Barack Obama about Australia's coal industry is an unfounded exaggeration.

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Global and regional aviation experts still upbeat about industry, Terrapinn reports (AME Info) - Aviation experts believe that the regional airline industry will continue its impressive growth over the next five years, indicating a bullish and confident attitude amongst the doom and gloom that engulfs the world, according to a survey conducted by Terrapinn, organiser of the 2nd Middle East Aviation Outlook Summit in Abu Dhabi.