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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

Children of Paradise (Les Enfants du paradis) [Blu-Ray]

Often referred to as the French answer to Gone With the Wind (1939) and certainly among the most beloved (if not the most beloved) of French films, Marcel Carn's gorgeous and sprawling Children of Paradise (Les Enfants du paradis) is a lush ro ... ...

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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 ...

  • Microsoft’s dramatic reversal on much-loathed Xbox One rules

    Interactive entertainment business president Don Mattrick seen at the Xbox One reveal, on Tuesday May 21, 2013 at Microsoft Studios in Redmond, Wash. Not even a month later several of the new console's key "always-on" Internet and anti-used-game digital rights measures have been dropped. (Stephen Brashear/Invision for ...

  • Kodak reaches deals for up to $895M in post-bankruptcy financing

    ROCHESTER, N.Y. -- Kodak says it's secured as much as $895 million to fund its operations after it emerges from bankruptcy protection. J.P. Morgan, Bank of America Merrill Lynch and Barclays will supply senior secured term loans of up to $695 million. The banks also will arrange a senior secured asset-based revolving credit facility of up to $200 million. They've agreed to provide ...

  • Rocket carrying student experiments launched from NASA flight complex at Wallops Island in Va.

    WALLOPS ISLAND, Va. -- A rocket carrying students' experiments has been launched from NASA's Wallops Island Flight Facility in Virginia. The space agency says more than 100 university students and instructors watched from Wallops as the Terrier-Improved Orion sounding rocket was launched at 5:30 a.m. EDT Thursday. The rocket carried the experiments to an altitude of 73 miles. It then ...

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