Breaking Business News Breaking Business News Rss feed

  • 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 ...

Movie Review

Symbiopsychotaxiplasm Take One [DVD]

Symbiopsychotaxiplasm Take One [DVD]

There are so many levels of meaning in William Greaves oddball 1968 experimental hybrid Symbiopsychotaxiplasm Take One that its hard to know where to begin deconstructing it--or if deconstruction is even a possibility. Ostensibly about a film crew conducting screen tests of a ... ...

On Facebook

  • 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 ...

  • Norway opens Barents Sea area to offshore oil drilling in new move into Arctic

    STOCKHOLM -- Norway's Parliament has opened up a new area on the fringe of the Arctic Ocean to offshore oil drilling despite protests from opponents who fear catastrophic oil spills in the remote and icy region. Most of the Norwegian sector of the Barents Sea, which the Nordic country shares with Russia, is already open to petroleum activities. But environmentalists and some opposition ...

  • Markets roiled as Bernanke outlines exit strategy stocks oil gold slide but dollar surges

    LONDON -- Markets were roiled Thursday by a suggestion from U.S. Federal Reserve chairman Ben Bernanke that the central bank may be done with its monetary stimulus next year. While stocks and commodities took a pounding on the news, the dollar surged. For nearly five years, the Fed has been pursuing an aggressive monetary policy to shore up the U.S. economy, which was battered by the financial ...

  • ABN Amros chief executive says Dutch bank is ready to return to the private sector

    AMSTERDAM -- The chief executive of ABN Amro says the Dutch bank is ready to be privatized. Gerrit Zalm said on a late-night television talk show Wednesday that the bank is sufficiently capitalized and had remained profitable despite a recession in the Netherlands. "We're ready," said Zalm, a former finance minister. The country's current government has said the earliest ...

More Breaking Business News