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  • Yahoo buys blogging platform Tumblr for $1.1 bn cash Yahoo buys blogging platform Tumblr for $1.1 bn cash

    NEW YORK - Yahoo promised "not to screw it up" as it formally announced its acquisition of the popular Tumblr blogging platform for $1.1bn in cash, giving the company a much-needed base in social media to reach a younger generation of users. The relaxed wording of the memo for one of the internet giant's biggest acquisitions was echoed in the memo sent by David Karp, Tumblr's 26-year-old ...

  • Actavis buying Warner Chilcott in $8.5bn deal Actavis buying Warner Chilcott in $8.5bn deal

    WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country. Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in ...

  • New business jet Challenger 350 launched by Bombardier New business jet Challenger 350 launched by Bombardier

    GENEVA - Canadian aeroplane maker Bombardier has expanded its leading Challenger family of business jets with the launch of the new Challenger 350 aircraft in collaboration with global leader in private aviation, US firm NetJets. The launch on Monday was held at a special event here at the European Business Aviation Conference and Exhibition (EBACE). Bombardier said deliveries of the ...

  • South African regulator gives nod for Eskom wind power project South African regulator gives nod for Eskom wind power project

    JOHANNESBURG - The National Energy Regulator of South Africa (Nersa) has granted power producer Eskom a licence for its Sere wind farm in the Western Cape, paving the way for the company to start construction of its $254.3 million (R2.4-billion) project. Sere is the Nama word for "cool breeze". The wind farm project is scheduled to become fully commercially operational by the end of ...

  • Morgan Stanley to sell Indian private banking arm to StanChart Morgan Stanley to sell Indian private banking arm to StanChart

    MUMBAI - The UK based Standard Chartered (StanChart) Monday announced plans to acquire the Indian private wealth management business of US multinational financial services firm Morgan Stanley for an undisclosed amount as part of plans to expand operations. The acquisition is subject to regulatory approvals. "Standard Chartered India has agreed to acquire Morgan Stanley's onshore private ...


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Movie Review

Never Say Never Again [Blu-Ray]

Never Say Never Again [Blu-Ray]

Never Say Never Again will always hold a troubled spot in the James Bond film franchise, which is currently the longest running in motion picture history. On the one hand, it will always be the unofficial Bond film (not counting the 1967 spoof Casino Royale ... ...

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  • Work starts on creation of new Dubai island

    Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

  • Japan finance minister wants BOJ to have thorough dialogue with government bond market

    Reuters © Japan's Deputy Prime Minister and Finance Minister Taro Aso smiles as he adjusts his headphones during a seminar at the Asian Development Bank's (ADB) 46th annual board meeting in Greater Noida, on the outskirts of New Delhi May 3, 2013. REUTERS/Adnan ...

  • ASX falls at open after Wall St closes lower

    UPDATE 8.35am: The Australian sharemarket has opened lower after Wall Street closed in the red overnight.At 8.30am, the benchmark S&P/ASX200 index was down 34.2 points, or 0.7 per cent, at 5174.8, while the broader All Ordinaries index was down 33.8 points, or also 0.7 per cent, at 5151.6.More to ...

  • Supreme Court to review Sarbanes-Oxley case

    WASHINGTON - The Supreme Court will rule on the reach of the 2002 Sarbanes-Oxley investor-protection law, agreeing to decide whether the law's whistleblower protections cover the employees of a publicly traded entity's contractors. The justices Monday said they will hear an appeal from two former employees of a privately held company that provides investment advice and management ...

  • Acadia raises $115 million

    raised $115 million in gross proceeds from its secondary public offering. The biotech company said it sold $9.2 million shares, including 1.2 million sold under a fully exercised option to buy additional ...

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