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One trillion euro tax evasion to be tackled says Barroso
BRUSSELS - Voicing concern about tax evasion that is estimated at one trillion euros, European Commission President Jose-Manuel Barroso said Tuesday that EU leaders will meet at a one-day summit on Wednesday to negotiate solution. The European Union can't afford to let tax evasion go on the way it is. Such large amounts of money, currently sitting in tax havens, would be greatly beneficial ...
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Overall economy likely to pick up in Q2 says German central bank
FRANKFURT - Germany's central bank Deutsche Bundesbank expects the country's economy to improve "markedly" in the second quarter relying on signals of pick up in industrial orders and likelihood of weather related downturn in construction sector no longer impacting investment sentiments a development that could boost the wider eurozone as it struggles to get out of recession. "Overall ...
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Pfizer discontinues NHL cancer drug development
NEW YORK - Pharma major Pfizer has discontinued the development of cancer candidate inotuzumab ozogamicin, which is part of a class of therapies called antibody-drug conjugates (ADCs), in the haematological cancer non-Hodgkin lymphoma after it failed to show benefit in overall survival during phase III trials. Pfizer has notified the study investigators and appropriate regulatory authorities ...
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GrubHub and Seamless to merge
WASHINGTON - GrubHub Inc. and Seamless North America LLC, two of the biggest online services for food-delivery in the U.S., have entered into a definitive agreement to combine their companies to take on rivals in the growing market for online meal orders. The merger will create a combined company well positioned to drive more orders to restaurants, deliver a better experience for hungry ...
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Housing market picking up in UK
LONDON - The UK housing market seems to be picking up with gross mortgage lending up 4.3 per cent in April over previous month to 12.1 billion pounds, the highest in over four years, according to the Council of Mortgage Lenders (CML). The mortgage lending was 21% higher than April 2012, but this data is skewed by the end of the stamp duty concession on 24 March, 2012. Under the stamp duty ...
Movie Review
That Thing You Do!
"That Thing You Do!" is a movie that remembers with sharp clarity a time in America when cars had fins, pea green and orange were stylish colors, a mop top was the haircut to have, clock radios were the size of small TVs, sunglasses were a new innovation, and kisses still meant something. In his first stint in the director's chair, actor Tom Hanks has made a snappy little ode to a time when Americ ... ...
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Work starts on creation of new Dubai island
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 ...
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Microsoft Unveils New Xbox One Game Console
REDMOND, WASHINGTON Microsoft Corp gave the world the first look at its new game console on Tuesday, hoping the Xbox One will attract existing video game fans while also becoming a hub for living room entertainment. The third-generation Microsoft console, coming eight years after the Xbox 360, was unveiled by games unit chief Don Mattrick at an event at the software company's campus ...
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Actavis buying Warner Chilcott in $8.5bn deal
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 ...
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Morgan Stanley to sell Indian private banking arm to StanChart
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 ...
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Mall of America nets up to $250 million in tax breaks
Bloomington behemoth to double its size with more stores, movie theaters, hotels, and maybe a water park. To help ensure the project moves forward, up to $250 million in tax breaks were approved this week by the Minnesota Legislature. In recent years, the megamall’s pleas for public subsidies have failed. This year, lawmakers supported a controversial new funding mechanism that draws ...
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.
David Beckham
The world's best known footballer was speaking after formally announcing his retirement.
Hotel Review
New York-New York Hotel & Casino
Awe struck us on our arrival at this relatively new hotel and casino establishment at the top of the Strip. ...
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- More time in gym class lowers obesity risk in kids
- B vitamins may reduce brain shrinkage reduce Alzheimers risk
- Witness Yoga is inherently religious
- Spring training with the NY Liberty Fitness is a year-round job
- Hilarious Top official to plead Fifth Amendment protections after targeting constitutional groups that taught the Bill of Rights
- Overall economy likely to pick up in Q2 says German central bank
- Beni advises SAIL to take corrective measures to complete projects on time
- Bank mergers could lead to too-big-to-fail entities Chidambaram
- Morgan Stanley to sell Indian private banking arm to StanChart
- Swans the problem not Treasury Abbott
- I look forward to wrinkles says Winona Ryder
- Bed sharing with parents raises risk of a baby dying from SIDS fivefold
- Musician shares talents with seniors in Ojai
- Relatives turned away from aged care homes after complaining about standards
- Teacher to students ‘We are not dying today’
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