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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

Paranormal Activity

Paranormal Activity

Riding a wave of buzz generated by celebrity Twitters, great word-of-mouth, and a unique marketing strategy in which Paramount released the film in only a few venues and then set up a web site allowing for viewers to demand that it be given a wide release, Paranormal Ac ... ...

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  • Yahoo follows Facebook and Microsoft in publishing US govt sought snoop data

    Internet corporation Yahoo has followed the league of technological companies in publishing reports about 'snoop data' requests made by the US government. According to the Guardian, Yahoo has revealed that it had received 12,000-13,000 requests, inclusive of criminal, Foreign Intelligence Surveillance Act (FISA), and other requests by the government between 1 December 2012 and 31 May ...

  • Sub sandwich chain Jersey Mikes plans Twin Cities takeover

    Jersey Mike’s, a chain of East-Coast-style sandwich shops, plans to open about 10 new stores in the Twin Cities in the next year and a half. Eventually, the plan is to have 50 locations here, area franchisee John Griparis ...

  • Dakotas are wooing Minnesota workers companies

    The states are appealing directly to workers and businesses in Minnesota, asking them to head for the border. This spring, when Minnesota lawmakers hiked the cigarette tax, created a higher top-tier individual income tax and expanded the sales tax to a handful of industries, a fresh round of interstate wooing ...

  • Megaupload founder Kim Dotcom in tears after European firm deletes files from shuttered site

    WELLINGTON, New Zealand -- Megaupload founder Kim Dotcom said Thursday he was "in tears" after a European company deleted all the data it was hosting from his shuttered file-sharing site. Netherlands-based LeaseWeb announced it had deleted all Megaupload files from 630 servers. LeaseWeb said in a statement it hosted the data for over a year at its own expense without receiving any ...

  • Bernanke No big interest rate hikes coming soon

    Ben Bernanke appeared nervous and took frequent sips of water, but the world's most powerful central banker tried to be loud and clear at a Wednesday news conference: Everybody can relax, because there's almost no way the Federal Reserve is going to crank up interest rates anytime ...

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