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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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  • Microsoft offering hackers $1mln for finding bugs in Windows

    Software giant Microsoft has decided to reward security researchers to report bugs and find novel methods for exploiting the security built into the latest version of Windows. According to the Sydney Morning Herald, Microsoft has announced that it will pay up to one million dollars for finding bugs with Windows 8 and those who can demonstrate a way to block the new attack method can earn 50,000 ...

  • Microsoft alters key components of Xbox One sharing policies

    Software giant Microsoft has reportedly altered some of its sharing policies for its latest gaming and entertainment console Xbox One after addressing to feedbacks from the 'Xbox community'. Microsoft has dropped the 24-hour Internet connection requirement for playing all disc-based games, and has made games using and sharing unlimited, CNN reports. According to the report, president of the ...

  • World Bank pledges to ensure developing countries dont suffer from tighter monetary policy

    BERLIN -- The head of the World Bank is pledging to ensure that financing for developing countries doesn't suffer when central banks in rich nations wind down monetary stimulus programs and raise interest rates. The U.S. Federal Reserve said Wednesday that it could start scaling back later this year its huge bond-buying program -- aimed at keeping long-term interest rates low to boost ...

  • Ahead of the Bell Investors ready to find out if Oracle bounced back in fiscal 4th quarter

    SAN FRANCISCO -- Oracle's end-of-quarter report should give investors a better handle on whether a disappointing performance earlier this year by the business software maker was a hiccup, or a symptom of problems that are more deep-seated. The Redwood Shores, Calif. company disillusioned much of Wall Street in the third quarter, it's most recent, and the final report of its fiscal ...

  • Glitzy Dubai looks back to time of Quran for new theme park

    DUBAI, United Arab Emirates -- Dubai has added a new item to its top ambitions such as building the world's largest Ferris wheel and bidding for an Angry Birds theme park -- a site honoring the Quran. The estimated $7.3 million project will include a garden with plants mentioned in the Islamic holy book and an air-conditioned tunnel depicting events from the Quran. Dubai media quoted the ...

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