Breaking Business News
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Ex-Im Bank loan guarantee to Air India upheld by US appeals court
WASHINGTON - A U.S. appeals court has upheld a decision by the U.S. Export-Import Bank to finance the sale of 30 Boeing wide-body jets to Indian state-owned carrier Air India in a legal challenge brought by Delta Air Lines to the loan guarantee. The court has however directed the government-run bank to better explain its rationale for providing loan guarantee, which Delta claimed as a ...
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Google spending $7mn to fight child pornography
LONDON - Internet giant Google said it is spending $5 million to wipe images of child abuse off the Internet and another $2 million to create tools to find the images and eradicate them. "We're in the business of making information widely available, but there's certain 'information' that should never be created or found," wrote Jacqueline Fuller, director of Google Giving, in a blog post. ...
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Aspen seeks to acquire GSK thrombosis drug and plant
DURBAN / LONDON - South Africa's biggest generic drug maker Aspen Pharmacare and its subsidiary Aspen Global Incorporated have made an offer to acquire thrombosis drugs and their associated manufacturing site at Notre Dame de Bondeville, France, from GlaxoSmithKline (GSK). "AGI will acquire from GSK the Arixtra and Fraxiparine/Fraxodi brands and business worldwide, except in China, Pakistan ...
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Shenzen to be first Chinese city to begin carbon trading
BEIJING - China, the world's biggest carbon emitter, is set to launch Tuesday its first carbon trading scheme as a pilot project in the southern city of Shenzhen as part of efforts to cut emissions in its key cities. Carbon emissions trading schemes are meant to encourage companies to reduce their carbon dioxide emissions by setting a limit or a cap, on the level of emission that can be ...
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UK inflation rises to 2.7pc in May pushed by higher transport cost
LONDON - The consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, mainly due to higher fuel costs pushing up transportation costs particularly airfares, the Office for National Statistics (ONS) said Tuesday. The ONS said the rise was due to a record increase in airfares and higher fuel prices. "The inflation rate has returned to the levels seen between ...
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Movie Review
Jeepers Creepers II
Even in its best moments, Victor Salvas Jeepers Creepers II comes nowhere close to matching the thrilling creepiness of the opening half-hour of the original, 2001s modest hit Jeepers Creepers. That movie worked incredibly well when Salva spent more time suggesting horror rather than directly showing it, and perhaps it is because of the increased budget that Jeepers Creepers II ...
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Yahoo follows Facebook and Microsoft in publishing US govt sought snoop data
Internet corporation Yahoo has followed the league of technological companies in publishing reports about 'snoop data' requests made by the US government. According to the Guardian, Yahoo has revealed that it had received 12,000-13,000 requests, inclusive of criminal, Foreign Intelligence Surveillance Act (FISA), and other requests by the government between 1 December 2012 and 31 May ...
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Stock Markets Watch Bernanke
Top officials of the U.S. central bank are discussing how much and how soon to reduce their efforts to speed up economic growth. The chairman of the Federal Reserve will report their decisions Wednesday afternoon at 2:30 p.m. Ben Bernanke has previously said the bank will cut stimulus efforts if the unemployment situation improves further or inflation rises strongly. Stock markets have ...
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Senators seek cost cuts for F-35 fighter jet Pentagon says its priciest program improving
WASHINGTON -- Senators sought cost-cutting opportunities Wednesday in the Pentagon's $400 billion program for the next-generation F-35, a fighter jet with a troubled testing record that military leaders said America couldn't afford not to build. Chairing the hearing, Sen. Dick Durbin lamented that the F-35 already has cost taxpayers billions more than what Congress signed up for more ...
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Grand Forks Herald publisher to retire after 35-year career with Pulitzer-winning newspaper
GRAND FORKS, N.D. -- The publisher of North Dakota's Grand Forks Herald plans to retire next year. Mike Jacobs has been with the newspaper for 35 years and has been publisher since 2004. He was the Herald's editor when the newspaper won a Pulitzer Prize for Public Service for its coverage of the 1997 Red River flood. The Herald reports (http://bit.ly/1bVlH7z ) that he plans to step ...
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Israel decides to export 40 percent of its natural gas remainder for local market
JERUSALEM -- Israel has decided to export 40 percent of the natural gas it expects to produce from offshore wells, keeping a larger amount for local use than expected. The figure, announced by Prime Minister Benjamin Netanyahu on Wednesday, is lower than the 53 percent recommended by an inter-ministerial committee last year. The remainder should provide Israel with enough gas for 25 years. The ...