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 ...
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 ...
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 ...
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 ...
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 ...
25°C Light Rain Showers
Winds: From the Variable at 4 MPH
"Patch Adams" would have been a much better movie if it had been more about its real-life subject and less about Robin Williams. Don't get me wrong--Williams is a fine actor, and in the right project with the right director, he can be sheer dynamite. Unfortunately, "Patch Adams" is not the right project for him because it's too much of what we've already seen before in better movies like "Good Mor ... ...
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 ...
Drilling services company Boart Longyear says its earnings will fall in 2013 because mining companies are scaling back on exploration."The downturn in capital and exploration spending in the mining sector globally has clearly reduced the demand for drilling services and products," chief executive Richard O'Brien told Boart Longyear's annual general meeting in Adelaide.He said ...
PARKERSBURG- United Bank had another successful year in 2012 as it continued to increase earnings to shareholders, the chairman and CEO told shareholders Monday. United Bankshares Inc. officials, at the annual meeting of shareholders Monday at the Blennerhassett Hotel, said the company was able to continue to thrive in the economic conditions brought on by the Great Recession of 2008. "We ...
just weeks after its formation, raising questions over how long it will last. But, former Prime Minister Mario Monti said he does not believe an election will be called any time soon. "I don't believe that [Italy will be headed for an election in the next six months] for two reasons," Monti said at a press conference in Singapore on Tuesday, which was one of his first public ...
JPMorgan Chase & Co CEO Jamie Dimon testifies before the House Financial Services hearing on ''Examining Bank Supervision and Risk Management in Light of JPMorgan Chase's Trading Loss'' on Capitol Hill in Washington June 19, ...
On the record
Nothing will ever completely replace playing the game I love, however I feel like I'm starting a new adventure and I'm genuinely excited about what lies ahead. I'm fortunate to have been given many opportunities throughout my career and now I feel it's my time to give back.
The world's best known footballer was speaking after formally announcing his retirement.
JW Marriott Ihilani Hotel Resort & Spa
This has to be one of the best hotel resorts in Hawaii. 387 luxurious guest rooms, each with it's own ...Keep reading
Do you take the threat of North Korea seriously?
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Annie Au of Hong Kong won the 17th Women's Individual Asian Squash Championship by defeating Malaysian star Low Wee Wern here.
Top seed and World No.6 Wern was shocked by Annie, who is ranked No.10. It was Annie's first trip to Pakistan and she was very happy and excited by winning the title, reports Xinhua.
"I really enjoyed while staying here as the people are very hospitable and I am taking back many good memories. Before coming to Pakistan my family was very worried but now the event is over and nothing happened; all is safe," the 24-year-old said Sunday.
In the crowded Mashaf Squash Complex, Annie lost her first set at the hands of an aggressive Wern by a big margin of 5-11.
Annie's attacking and tricky shots were appreciated all-around the hall as she outclassed the Malaysian in consecutive three sets by 11-8, 11-7, 11-1 in 44 minutes to clinch the title.
Talking about the final match and difficulties she faced to reach the title, Annie said, "I concentrated a lot at the game today because we both knew the game plan and style of each other as we have faced each other many times before. It was really a tough match but after the first set I didn't give her any chance to attack me."
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