Home » Archive for July, 2012
Hollande Says Peugeot Must Renegotiate
The new president of France Francois Hollande said that Peugeot must renegotiate its plan to cut 8,000 jobs. Hollande said the cutback would create a huge social impact. He accused the automaker of lying about its intentions and said... More of this article »
Murder Rate in El Salvador Falls
The murder rate in the Central American country of El Salvador has dropped thanks in part to a gang truce. Two gangs – the Mara Salvatrucha and Calle 18 – helped make the country the world’s most murderous last year behind its... More of this article »
GlaxoSmithKline Pays $3 Billion To Settle Fraud Claims (NYSE: GSK)
GlaxoSmithKline, the British drugmaker, announced an agreement to pay $3 billion in fines for promoting its antidepressants for unapproved uses and neglecting to report safety data about one of its diabetes drugs. The agreement also... More of this article »
Airbus Building Its First Factory In The United States (PINK: EADSF)
Airbus announced plans to invest $600 million over the next five years in building an assembly line in Mobile, Alabama for its A320 single-aisle jet. This will be the company’s first factory in the United States. Fabrice Brégier,... More of this article »
MasterCard and Visa to Pay $6 Billion Settlement
MasterCard, Visa and several major banks agreed to pay $6 billion to settle a lawsuit involving 7 million merchants that accept both MasterCard and Visa. The deal consists of a little more than $6 billion in cash for damages. Visa... More of this article »
Diggs Sells for Just $500,000
Social-media pioneer Digg, Inc. once considered to be valued at over $160 million is selling for a discounted price of only $500,000, said people familiar with the situation. Betaworks, a technology development company based in New... More of this article »
Mastercard, Visa and Banks Forge Retail Settlement
A settlement has been reached by Mastercard Inc, Visa Inc and banks that are issuers of their credit cards for $7.25 billion with retailers in the U.S. over a lawsuit that fixed debit and credit card fees. The agreement could be the... More of this article »
United Airlines Places Order for 150 Boeing 737s
United Airlines is set to buy 150 Boeing 737s to replace its older planes that are not fuel efficient. The order was placed Thursday that includes 100 Boeing 737 Max 9. It is a new version of the airplane that has new engines and other... More of this article »
Mee Healthcare to Launch 100 New Healthcare Facilities in U.K.
Cherie Blair and Gail Lese have teamed up under the banner of Allele Funds to create 100 new healthcare facilities in the United Kingdom under the name of Mee Healthcare. The fund is seeking to raise 65 million GBP ($100 million U.S.)... More of this article »
Italy Downgraded by Moody’s
On Friday, Moody’s surprised markets by downgrading the bond rating of Italy’s government by two notches to Baa2. It also warned that it might cut the rating even further. The move placed even more pressure on the country just... More of this article »
Contamination at Drug Plant Could Hurt Bladder Medication Supply
The Sanofi Plasteur Toronto facility is having an ongoing problem with contamination, which might affect the global supply of ImmuCyst, the drug for bladder cancer, said Health Canada on Wednesday. The remark was made by the agency... More of this article »
US Trade Deficit Dropped in May
The trade deficit in the United States decreased in May from April. This was due to cheaper oil that decreased imports and an increase in exports to China and Europe. Economists warned that the global economy had weakened since May. Economists... More of this article »
Gates Foundation Pledges Millions for Contraception
Melinda Gates, wife of Microsoft founder Bill Gates, has announced that their foundation has pledged $560 million in a campaign to increase access to contraception for women in developing countries. The commitment was announced at... More of this article »
PSU Did Not Regard Children’s Safety
An internal investigation has revealed that both senior school officials at Penn State University and Joe Paterno the Hall of Fame football coach concealed critical facts about the child abuse committed by Jerry Sandusky. The investigation... More of this article »
US Job Openings Increase after April Drop
Job openings increased in May right after the drop experienced in April. This data eased concerns regarding the job market in the United States. Open positions increased by 195,000 to 3.64 million. The data countered that of the Labor... More of this article »
Police Try To Determine Cause of Billionaire’s Death
More tests were being conducted on Wednesday by investigators in an attempt to shed new light on Eva Rausing’s mysterious death. She was one of the wealthiest women in Britain and her body was located in her London mansion on Tuesday. Hans,... More of this article »
Penney’s Struggles, Lays off More Workers
Retail giant J.C. Penney has had a hard time trying to transform its business under the helm of new CEO Ron Johnson who came over from Apple. The retailer announced on Tuesday that it was eliminating another 350 jobs at its Plano,... More of this article »
Boeing Gets $7.2 Billion Order for New 737s
Boeing got a good start at the opening of the Farnborough air show. It got a $7.2 billion order from Steven Udvar-Hazy’s Air Lease Corp. for its new fuel-efficient 737 MAX. The 75 plane order is for 60 of the Max 8 model and 15 of... More of this article »
Setbacks Cause Delay In Release Of Research In Motion’s New BlackBerrys (NASDAQ: RIMM)
Research in Motion announced that its new line of BlackBerry phones will be delayed until next year. The company also announced a $518 million loss in the first quarter and plans to cut about 5,000 of its 16,500 employees. Issues... More of this article »
Sit Less and Gain Years on Your Life
A new study has found that Americans could add up two years to their life expectancy if they stood more often and viewed fewer hours of TV. Previous studies have indicated that too much sitting and viewing TV can be bad for the health... More of this article »
Family Blasts Tour for Son’s Death
On Monday, Hawaii law enforcement officials said that the tour operator, which took a group of adolescents on a tour where a teenager from New York was killed when he was swept out to sea, did not have the permit needed to be in the... More of this article »
Investors Confident with the United States
Global business confidence has cooled down last month as a result of the euro zone debt crisis. But the investors are still optimistic about the economy of the United States. This is according to a survey made by financial information... More of this article »
Usher’s Stepson is Brain Dead
Usher’s stepson, who is just 11, was declared brain dead by his doctors. The youngster collided with a jet ski on Sunday. Kyle Glover, Usher’s estranged wife’s son, has not had brain activity since he arrived at the hospital... More of this article »
Taliban Brutally Kill Helpless Woman
A video was released to an international news agency by the Taliban on Sunday. The video contains the brutal, senseless and inhuman killing of a woman as she sits on the ground. The woman, dressed in a burqa can be seen sitting against... More of this article »
Apple Ends Relationship with Environmental Group
Apple has withdrawn its products from the Electronic Product Environmental Assessment Tool (EPEAT) certification, which is a program that gives products ratings of gold, silver and bronze classification. The classifications are based... More of this article »
Cholera Outbreak in Cuba Hits Havana
A patient in a Havana hospital was diagnosed with having cholera. This followed the deaths of three people in the town of Manzanillo in the southeastern region of the Caribbean nation. Latest numbers have 50 people being infected with... More of this article »
Clinton Declares Afghanistan Major non-NATO Ally
On Saturday, the White House administration declared that Afghanistan was the United States’ latest “major non-NATO ally,” which is designed to allow for close cooperation in defense following the withdrawal of combat troops... More of this article »
Yahoo Facebook Settle Suits, Sign Licensing Partnership
Yahoo and Facebook have buried the corporate hatchets to settle their lawsuits and have agreed to form a broader partnership for licensing and internet advertising. The agreement settles the technology patents infringement allegations... More of this article »
Salvadoran Journalist Has Immigration Problem
A journalist from El Salvador, who is intent on shedding light on the immigration debate in Georgia, is now in the midst of his own immigration drama. Mario Guevara is a reporter for the state’s largest Spanish-language newspaper... More of this article »
Unemployment Holds at 8.2%, 80,000 New Jobs
A jobs report released Friday morning showed weaker than anticipated new jobs and pushed the three major stock indexes in the U.S. down by over 1% each. The jobs report released by the Labor Department showed a net increase in jobs... More of this article »
ADP: 176,000 New Jobs Added in June
Private sector business added 176,000 new jobs to their payrolls during June said ADP, the payroll giant. June’s increase followed a revised upward figure of 136,000 for May. Economists had predicted that just 95,000 new jobs would... More of this article »
Yacht Capsizes, Three Dead
The joy and excitement of watching July 4 fireworks was short lived for the people on a yacht off the coast of New York. The yacht capsized sending 27 people into the waters of the Long Island Sound. Three of the passengers were killed... More of this article »
Scientists Link Cat Feces to Female Suicide
A new study published this week in a scientific journal says that women who are infected by a parasite spread through cat feces have a higher risk of suicide. The study involved over 45,000 women from Denmark. The senior author of... More of this article »
Nets Get Joe Johnson from Hawks
The Brooklyn Nets do not want to start in their new home without having plenty of power on their team roster. How it appears as if the team will have its first big scorer, as they have agreed to a deal that will bring Joe Johnson,... More of this article »
Government Demands for Twitter User Data on the Rise
Twitter released its first transparency report Monday and it revealed that the United States leads when it comes to government demands for user data. According to the report, the US government filed 679 requests in the first half of... More of this article »
GlaxoSmithKline Agrees To $3 Billion Settlement
British Pharmaceutical giant GlaxoSmithKline has agreed to pay a settlement of $3 billion and plead guilty to three misdemeanor criminal charges. U.S. government officials are calling the agreement the largest healthcare fraud case... More of this article »
Airbus Opens Factory in U.S.
Airbus has enjoyed great success globally and has 53% of the global market of jets. John Leahy is a determined New Yorker who has helped make the company the largest civil jet maker in the world and has forged his career through winning... More of this article »
West Facing Tough Choice in Syria
On Saturday, in Geneva a strange show of unity was attempted by the world powers by making a commitment to support a new transitional government in Syria. However, diplomats led by Kofi Annan the envoy from the United Nations, failed... More of this article »
Mississippi to Become Only State with no Abortion Clinics
A new Mississippi law that restricts abortion providers might force the only abortion clinic in the state to shutter its doors. That could make Mississippi the only state in the nation without any abortion clinics. Critics of the law... More of this article »
Growth in Manufacturing Slows in China
In a sign that the second largest economy in the world has not yet bottomed out, the manufacturing activity in China grew in June at the slowest rate since November of last year. The Purchasing Managers Index the official manufacturing... More of this article »