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  • Dalian Wanda Group to buy UK yacht maker and hotel property Dalian Wanda Group to buy UK yacht maker and hotel property

    LONDON - China's largest premier commercial property and entertainment conglomerate, Dalian Wanda Group Wednesday entered into 320million pounds definite acquisition deal with leading British yacht company, Sunseeker International Ltd, under which Wanda will acquire a majority shareholding of 91.81% in pre-eminent luxury motor yacht manufacturer. Under the agreement, the remaining 8.19% ...

  • Lundbeck and several drug firms fined for pact to delay generic drugs Lundbeck and several drug firms fined for pact to delay generic drugs

    BRUSSELS - European Union in its first case over pay-for-delay deals that held back sales of cheaper generic drugs Wednesday fined Danish pharmaceutical company Lundbeck 93.8 million euros and imposed fines totaling 52.2 million euros on several other producers of generic medicines. The European Commission, the EU's antitrust regulator, said the companies had reached agreements that may ...

  • 2.7 mn Jeeps to be recalled by Chrysler over concerns on fuel tanks 2.7 mn Jeeps to be recalled by Chrysler over concerns on fuel tanks

    NEW YORK - Chrysler avoided a showdown with the US government by agreeing to recall 2.7 million Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. Chrysler said it recognised the matter had raised concerns for customers The US company said it had resolved its differences with the National Highway Traffic Safety Administration (NHTSA). The recall affects ...

  • Settlement monitor faults four largest US mortgage servicers for lapses Settlement monitor faults four largest US mortgage servicers for lapses

    WASHINGTON - Four of the largest U.S. mortgage servicers, including Citigroup Inc (C). and Bank of America Corp., have failed to adequately upgrade their treatment of customers in danger of foreclosure, according to a court-appointed monitor. Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have failed to adhere to some of the new standards set out in a landmark settlement meant to ...

  • Spain urged to pursue further reforms to generate growth and jobs Spain urged to pursue further reforms to generate growth and jobs

    MADRID - Spain risks high joblessness and sluggish growth for years unless its government together with Europe takes "urgent action' to generate growth and jobs, the International Monetary Fund stated Wednesday. "While there are signs the economic contraction may end soon, the outlook remains difficult," IMF said in its annual assessment of the Spanish economy. "But unemployment remains ...


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Movie Review

City by the Sea

City by the Sea

City by the Sea, which is about a veteran New York police detective who must track down his own murder-suspect son, was based on a true story reported in the pages of Esquire by journalist Michael McAlary in 1997. Yet, it never feels real. For all the grit and dirt and smoke and trash that fill virtually every scene in the film, reminding us of the realities of urban decay and its c ... ...

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  • Deputized to provide clarity Bernanke explains Fed plan to scale back bond-buying program

    WASHINGTON -- A muddled message from the Federal Reserve has rattled investors for weeks. So Chairman Ben Bernanke tried to set the record straight Wednesday about the Fed's plans to shrink its bond-buying program later this year and end it entirely in 2014 if the economy continues to improve. Wall Street didn't like the content of Bernanke's message -- investors dumped stocks ...

  • Prosecutors raid South Koreas nuclear operator as probe widens into fabricated test results

    SEOUL, South Korea -- South Korea's sole nuclear operator says investigators raided its offices as part of a probe into nuclear plant cables. Korea Hydro & Nuclear Power Co. spokesman Lee Yoon-dong said Thursday prosecutors seized documents and computer hard drives from offices including its headquarters in southeastern Korea. Prosecutors could not be reached for comment. South Korea ...

  • AP PHOTOS For amputees wounds from Bangladesh garment factory collapse will never fade

    SAVAR, Bangladesh -- It was the worst disaster in the history of the garment industry. When the Rana Plaza factory building crashed down in April, 1,129 people were killed. But many others had to sacrifice their limbs to survive. Arms and legs were trapped under the building rubble, forcing rescuers with no medical training to perform amputations on the spot to free the victims. No anesthesia ...

  • Chinese astronauts twirl gyroscopes strike kung fu poses in students lecture from space

    BEIJING -- Astronauts struck floating martial arts poses, twirled gyroscopes and manipulated wobbling globes of water during a lecture Thursday from China's orbiting space station that's part of efforts to popularize the space program among young people. Wang Yaping demonstrated principles of weightlessness and took questions live from among the 330 grade school kids gathered at a ...

  • Currencies Dollar climbs in Fed’s wake extends gains vs. yen

    LOS ANGELES (MarketWatch) -- The U.S. dollar climbed Thursday, building on gains after the U.S. Federal Reserve said it may slow the pace of bond purchases by the end of the ...

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