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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

Breaking the Waves

"Breaking the Waves" is a complex and disturbing look at what one woman would do for the sake of love, and how her desire to be her husband's salvation runs head-to-head with the moral tenants of her strict Christian upbringing. It is at once a religious allegory and an attack on Christian fundamentalism, wrapped up in art house pretension and grainy, hand-held camerawork. The first English-langua ... ...

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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 ...

  • Chicago man crushes Ferris Wheel ride world record

    A man from Chicago rode Ferris Wheel for more than two days - 384 times, up and around - to break the existing world record. Clinton Shepherd, a park operations manager of Chicago's Navy Pier, who spent 48 hours, 8 minutes and 25 seconds riding Navy Pier's Ferris wheel over the weekend, said that he thought that Chicago - birthplace of the ride - should have the title, People magazine ...

  • Discarded kidneys could be recycled to produce replacement organs

    Researchers have found that human kidneys discarded for transplant can potentially serve as a natural "scaffolding material" for manufacturing replacement organs in the lab using regenerative medicine techniques. According to the researchers at Wake Forest Baptist Medical Center and colleagues, more than 2,600 donor kidneys are discarded each year in the U.S. "With about 100,000 people in the ...

  • Indo- Swiss bilateral meet held at Geneva

    Union Minister of Health and Family Welfare Ghulam Nabi Azad and Minister of Health Switzerland Alain Berset held a bilateral meeting on the sidelines of World Health Assembly at Geneva with the aim of giving further impetus to cooperation in the field of healthcare. Speaking on the occasion, Azad said that friendship between India and Switzerland goes as back as Independence of India, ...

  • Weaker yen fuels economic optimism in Japan

    The Japanese government Monday revised upward its evaluation of the economy given the weakness of the yen, which is helping to push exports and encouraging companies to increase production. In its economic report for May, the cabinet raised its evaluation of three of the 14 categories it analyzes: exports, industrial production and profits. In addition, it said that the economy "is moving ...

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