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U.S. Firm Pearl Acquired by AstraZeneca
AstraZeneca has agreed to buy Pearl Therapeutics a respiratory specialist firm in the U.S., for $1.15 billion. The second largest drug maker in Britain is attempting to rebuild it pipeline for products through acquisitions. The new... More of this article »
Wells Fargo Settles Discrimination Complaint with $42 Million
Wells Fargo agreed on Friday to pay a settlement of $42 million for a complaint that was filed in April of 2012 by the NFHA or the National Fair Housing Alliance. The NFHA complaint alleged that the bank marketed and maintained repossessed... More of this article »
Facebook Exploring Mobile Map Options (NASDAQ: FB)
Facebook is said to be exploring options to purchase a leading mobile navigation service called Waze, based in Israel. The potential purchase price for the navigation service could run as high as $1 billion. Purchasing the service... More of this article »
Dell Computers Showing Up In Syria Despite Sanctions (NASDAQ:DELL)
A Dubai-based distributor has sold large amounts of computer equipment from Dell to the Syrian government despite strict trade sanctions. According to documents obtained by The New York Times, the computer equipment was sold by BDL... More of this article »
Flood Warnings on East Coast from Andrea
Torrential rains, spawned a number of flood warnings, have pushed creeks and streams over their banks across the northeast thanks to Andrea, the Atlantic Hurricane season’s first named storm. On Saturday morning before sunrise, the... More of this article »
June 7, National Doughnut Day
Dunkin’ Donuts as well as many other national doughnut chains along with numerous local shops are giving away free doughnuts Friday June 7 in recognition of the holiday dating back to 1938. The holiday was designed to honor volunteers... More of this article »
IMF Lowered Standards to save Greece
On Wednesday, the International Monetary Fund announced that it had lowered its standards for sustainability of debt so it could bail out Greece. The group also said its projections for the economy in Greece might have been too optimistic. The... More of this article »
Founder of Clinic in Miami to speak with Baseball Officials
The former founder and owner of the Miami based Biogenesis of America clinic has reached an agreement with officials from Major League Baseball to discuss players who have been linked to using performance enhancing drugs, said a source... More of this article »
Prices at Disney Theme Parks on the Rise
For those families or friends heading to one of the Disney theme parks in Anaheim, California or Orlando, Florida to visit with Cinderella, Mickey Mouse or anyone of their friends, the price of admission has just gone up. Experiencing... More of this article »
Regulators in EU Impose Fines on makers of Generic Drugs
Regulators in the European Union will start clamping down on the deals made of “pay for delay” in the pharmaceutical industry in June. Lundbeck from Denmark along with eight more generic drug makers will be fined for limiting the... More of this article »
Feds looking into Cars that are Self-Driving
A move towards cars that are self-driving is gaining speed quickly and officials in charge of federal safety are telling the different states not to license the cars except when they are used just for testing. The officials said that... More of this article »
Security at Theme Park Questioned after Gun Found
A grandmother and grandson visited Orlando and Disney World’s Animal Kingdom last weekend. They boarded the Dinosaur ride and were hunting for a couple of thrills. However, what they found was not what they expected – a load gun... More of this article »
Crash in Upstate New York Shocks First Responders
Even firefighters who have been on the job for years said they were shocked when they responded to an accident that killed seven in New York. The accident took place about 25 miles from Syracuse in the town of Truxton. Crushed cars... More of this article »
Galaxy Mini S4 unveiled by Samsung
South Korea based Samsung Electronics announced its new smartphone, the Galaxy mini S4, which has a better camera and larger screen than the Galaxy S3 mini, its predecessor. The latest introduction of the smaller version of the company’s... More of this article »
PC Industry to be hit harder in 2013
In 2013, industry experts say the PC industry will be hit even harder by slumping sales. Analysts from industry expert IDC just released a shipment forecast for PCs that was revised and casts the business in a light that is very dim. The... More of this article »
Samsung Profit Increases 42% In First Quarter (PINK:SSNLF)
Samsung Electronics reported that its net income in the first quarter increased by 42 percent over the same quarter last year. The company’s net income reached 7.2 trillion won ($6.5 billion) in the quarter, up from 5 trillion won... More of this article »
Amazon Sees Profit Fall In First Quarter (NASDAQ:AMZN)
Profits at Amazon decreased 37 percent for the first three months of the year. The Internet retailer expected the drop, which was a bit less than some investors had forecast. Amazon reported net income of $82 million, or 18 cents a... More of this article »
Children must be checked for Motor Delays by Pediatricians
On Tuesday, pediatricians said that doctors need to screen babies, as well as young children regularly for any delays in the development of motor skills, including trouble standing, sitting or speaking. A panel of the American Academy... More of this article »
Republican Party Needs to Close for New Repairs
Former Republican presidential candidate Robert Dole does not have many kind words to say about his party today. Dole ran in 1996 against President Bill Clinton and was the Republican Senate leader for the better part of the 1980s... More of this article »
Google Nears Antitrust Deal Over Web Searches (NASDAQ:GOOG)
Google took another step toward reaching an antitrust settlement with European Union regulators. Google has apparently offered concessions that are acceptable to the European Commission, which would allow the company to avoid a guilty... More of this article »
Cisco Profit Rises 14.5% (NASDAQ:CSCO)
Cisco Systems reported that its net income increased 14.5 percent compared with a year earlier, to $2.5 billion, or 46 cents a share. Revenue increased by 5.4 percent, to $12.2 billion. Cisco had net income of 51 cents a share by the... More of this article »
Barrick Gold Corp has mine construction stopped by Chilean Government
The Chilean government created the Environmental Superintendency recently to make certain that its environmental laws were adhered to. At the end of 2012, the governmental entity began its operations because of the growing concern... More of this article »
Middle East Revenue for Huawei Increases
Huawei Technology saw an increase of 18% in revenue in the Middle East during 2012. The company also said that its 4G mobile network roll out and its IT outsourcing will be the main drivers in its regional growth. The second biggest... More of this article »
Senate Confirms first Indian American to Court of Appeals
On Thursday, the U.S. Senate confirmed Srikanth Srinivasan by a vote of 97-0 to the U.S. Court of Appeals in Washington D.C., which is the highest appointment judicially achieved by any Indian-American. The confirmation is just a precursor... More of this article »
Military Charges Soldier for Filming Female Cadets
On Thursday, soldier in the U.S. Army was charged with videotaping female cadets while they were taking a shower and in other places at West Point’s U.S. Military Academy. This is just one more development in the growing sexual... More of this article »
Drug Resistant TB Bacteria Killed by Vitamin C
According to Albert Einstein College of Medicine researchers at Yeshiva University, vitamin C has killed tuberculosis bacteria that were drug resistant in a laboratory culture. The new discovery suggests adding the vitamin to existing... More of this article »
AT&T Entering The Home Security Industry (NYSE:T)
AT&T Inc. has announced the launch of its home security and automation service that will now be available in 15 cities across the United States. AT&T’s new packages, dubbed “Digital Life,” are being sold in cellphone... More of this article »
Glass Point Solar Expanding into Middle East
California based GlassPoint Solar Inc said on Monday it had commissioned an oil recovery plant of 7-megawatts that is producing more than 50 metric tons of steam daily. The steam is injected into the oilfield at Amal in the southern... More of this article »
Actavis to acquire Warner Chilcott
Actavis, the generic drug maker, has been talked about over speculation of being taken over, is planning to buy Ireland’s Warner Chilcott the specialty pharmaceutical firm for a price of $5 billion. Both companies announced the deal... More of this article »
Paris-Saint Germain Celebrates End of Beckham’s Career
Professional soccer player David Beckham started his last match at home for Paris-Saint Germain on Saturday. His manager Carlo Ancelotti replaced Beckham in the 81st minute of the match. When the Englishmen came off the field, the... More of this article »
More Confidence and Optimism over the U.S. Economy
For four straight weeks, the major stock indexes in the U.S. have increased reaching new highs. This week was the same as new data released has indicated the confidence amongst small business and consumers has improved, which helped... More of this article »
I.B.M. Falters And Misses Profit Targets (NYSE:IBM)
In the first quarter, I.B.M. saw a decrease in its hardware business that affected both profits and revenue. Revenue was down 5 percent, to $23.4 billion compared with the same quarter a year ago, falling below analysts’ forecast... More of this article »
General Electric Quarterly Profit Rises 16% (NYSE:GE)
General Electric reported solid first-quarter earnings despite the economic downturn that has been plaguing many businesses this year. G.E.’s results were helped by higher profits in its aviation and transportation units and by G.E.’s... More of this article »
Women Cannot Run for Presidency in Iran
A member of a watchdog group in Iran said that women could not run as a presidential candidate, which effectively killed the bids of close to 30 women who were seeking to be on the ballot for the election on June 14. The bids by the... More of this article »
Syria warned by Israel not to Retaliate
A senior official from Israel said on Wednesday that Israel was currently considering further air strikes in Syria to make sure the transfer of weapons to dangerous Islamic militants is prevented. At the same time, Israel warned... More of this article »
Newborns Might be Helped with both Breast Milk and Formula
Babies that have an early loss of weight might benefit from being given a limited amount of formula in addition to their mother’s breast milk, suggested a new study published in Pediatrics on Monday. In fact, the trial, which was... More of this article »
Electric Carmaker Reports First Quarterly Profit
Tesla the electric carmaker saw its share prices jump by 2.5% on Tuesday to $90 after it had jumped by over 14% on Monday. The stock’s spike in price started during the first week of May when quarterly earnings showed the company... More of this article »
Players Championship Won By World’s No. 1 Tiger Woods
Tiger Woods had only won the Players Championship on one occasion prior to this past weekend. The world’s No. 1 golf professional won back in 2000 but has had his share of problems on the famous stadium course. However, Woods called... More of this article »
Glaxo Gains FDA Approval for New once a day Inhaler
The U.S. Food and Drug Administration approved a GlaxoSmithKline/Theravance Inc inhaler drug for treating chronic obstructive pulmonary disease or COPD. The inhaler drug, Breo Ellipta, is to be taken just once per day. The FDA gave... More of this article »
Man found Dead Hanging from Cliff Covered in Bee Stings
Steven Johnson’s lifeless body was found hanging from a cliff in the Santa Rita Mountains by police. The body of his lifeless dog was found on top of the ridge. Both Johnson and his dog were covered in bee stings. Authorities said... More of this article »
Google Facing Increased Pressure From Competitors (NASDAQ: GOOG)
Search is estimated to be a $22 billion industry and is often considered the most lucrative and influential of online businesses. Now the industry is undergoing some changes. Instead of just pointing users in the right direction, the... More of this article »
Vaccine Costs Reduced for Cervical Cancer in Poor Countries
GlaxoSmithKline and Merck, two of the world’s largest drug makers, have slashed the price of vaccines for cervical cancer in the world’s poor countries. The price cut will deliver the shots to these countries at a cost of only... More of this article »
Manchester United Announces the retirement of Sir Alex Ferguson
An era will end on May 18 in Manchester, England. Scotsman Sir Alex Ferguson announced on Wednesday that he would retire when the season ends on May 18, which will end his 27-year reign as manager of the Manchester Red Devils. During... More of this article »
Sprint To Restrict Equipment From China Under U.S. Deal (NYSE:S)
American law enforcement officials seeking to address national security concerns are expected to enter into an agreement with Sprint Nextel and SoftBank, its Japanese suitor, to restrict the combined company’s ability to pick suppliers... More of this article »
Procter & Gamble Revises Profit Forecast Downward (NYSE:PG)
Procter & Gamble Co said that profit would fall more than anticipated in the next quarter. P&G said profit should decrease to $0.69 to $0.77 per share for the current fourth quarter ending in June. Analysts expected the company... More of this article »
HSBC Reports Profits of $8.4 Billion
More quarterly results were announced on Monday and one of those was for HSBC. The bank reported it had its best quarter result in many years, as Britain’s largest bank had profits increase to $8.4 billion, which was close to a... More of this article »
Box Office Race Won by Iron Man 3
Disney’s most recent sequel Iron Man 3 took home over $175.3 million for its debut weekend in North America that was spread across 4,352 cinemas. It was the second best debut weekend ever behind just the $207.4 million that The Avengers... More of this article »
Middle East Economy Recovering
The Global Economic Conditions Survey gauges finance professionals views around the globe and has revealed that topping the list of business confidence worldwide during the first three months of 2013 was the Middle East. The survey... More of this article »