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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

Black Snake Moan

Black Snake Moan

It may have been hard out there for a pimp in Craig Brewer's 2005 Sundance fave Hustle & Flow, but it's even harder out there for an angry, sexed-up spitfire named Rae (Christina Ricci) in his follow-up Black Snake Moan, a neo-exploitation fable that is so conscious ... ...

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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 ...

  • Senate to take up state budget following swift Assembly approval

    MADISON, Wis. -- The Wisconsin Senate plans to pass the state budget that would expand private school vouchers statewide and cut income taxes for every tax filer. The Senate was taking up the plan on Thursday, a day after it passed the Assembly on a 55-42 vote. Assembly Democrats didn't offer any amendments, saying the plan was so bad it couldn't be fixed. Republicans had also said ...

  • AP buys minority stake in Bambuser boosts ability to source video of breaking news

    NEW YORK -- The Associated Press said Thursday that it has bought a minority stake in the live video service Bambuser, boosting its ability to acquire and distribute video collected by people who have witnessed news events. Financial terms were not disclosed. As part of the deal, Sandy MacIntyre, AP's director of global video news, will join Bambuser's board as a director. The deal ...

  • France threatens Google with privacy fines says other European countries to follow

    PARIS -- France is giving Google three months to abide by the country's data privacy laws or be fined. The chief of the French agency that regulates information technology says that five other European countries are taking similar steps in a staggered offensive against Google's privacy policy between now and the end of July. The French agency says Spain joined France in the first ...

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