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New US meat labeling rules upsets Canada
OTTAWA - Canada has threatened "retaliatory measures" against the United States move changing the so-called country of origin labeling that would track beef and hogs through the meat processing and distribution systems, stating that it is discriminatory, a view shared by the World Trade Organisation. On Thursday, the United States Department of Agriculture issued a final modification to its ...
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Twitter beefs up security with two-step login
NEW YORK - Aiming to tackle recent high-profile breaches, popular micro-blogging site Twitter is introducing an optional two-step login for users to beef up security. The new system would try to ensure "it's really you" when a user signs in to Twitter, which transmits some 400 million messages a day. The move follows recent attacks into the twitter accounts of news organisations' such as ...
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Royalty Pharma takeover bid fails to find Elan ecceptance
DUBLIN/ WASHINGTON Ireland-based biotechnology firm Elan Thursday rejected Royalty Pharma's increased $6.4 billion takeover bid, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share. Royalty raised its hostile cash bid to $12.50 per share on Monday, from $11.25 previously, but made the new offer conditional on Elan shareholders rejecting, at a ...
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Wockhardt shares plunge 20 pc on USFDA import alert
MUMBAI - Shares of Wockhardt, one of the leading Indian pharmaceutical and biotechnology companies, witnessed a sharp fall of 20% to Rs. 1,315 ($23.61) on the Bombay Stock Exchange(BSE) on Thursday after the US FDA published an import alert on one of its three manufacturing facilities near Aurangabad. The import alert, 'detention without physical examination of drugs from firms which have ...
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2 Ford units to be shut in Australia in Oct 2016
MELBOURNE - Ford Motor Company Wednesday announced plans of closing its local manufacturing operations in Broadmeadows and Geelong in October 2016 thereby forcing 1,200 people out of work. Spelling the end of the iconic Ford Falcon in the country, Ford Australia president Bob Graziano announced that the carmaker would shut its Victorian facilities in October 2016, bringing an end to nearly ...
Movie Review
WALL•E [Blu-Ray]
Pixars WALLE so thoroughly embodies the greatest pleasures the movies have to offer--heart, humor, action, emotion, not to mention grand visual sweep that can only come from a genuine sense of vision--that it goes directly into the sublime. A daring computer-animated fable about loneliness, ... ...
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UK urged by IMF to bring forward high value spending
LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...
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Chidambaram says U.S. Federal Reserves statement misunderstood calls for calm
Finance Minister P. Chidambaram on Thursday sought to calm stock markets in India after Federal Reserve Chairman Ben Bernanke suggested bond purchases could be scaled back if the U.S. economy improves. Addressing a news conference here, Chidambaram said fears that the Federal Reserve would start reversing its U.S. monetary stimulus programme were being misunderstood in stock market and investor ...
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Immigration Bill Could Create DMZ
Immigration reform took a big step when a bipartisan bill passed through the Senate Judiciary Committee this week. The 844-page measure--which also gained the endorsement of a group of pro-business economists--goes to the full Senate for consideration. While traditionally pro-immigration analysts and business interests applaud the effort, the current measure as it stands has set off alarms over ...
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Judge Favors US in Apple E-Books Case
Apple engaged in a conspiracy with publishers to increase e-book prices.U.S. District Judge Denise Cote, who is set to oversee a trial on June 3, gave her view during a pretrial hearing on Thursday.While she stressed that the view was not final and that she had read only some of the evidence so far, her comments could add to pressure on Apple to settle the lawsuit, in which the Justice ...
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Tory MP Garnier Challenges Barclays Reforms
A member of the Parliamentary Commission on Banking Standards has launched a blistering attack on Barclays' efforts to rehabilitate its reputation under its new chief executive, Antony Jenkins. In comments to Sky News, Mark Garnier, a Conservative MP whose earlier career included a stint as an investment banker, said the bank was failing to deliver on a pledge to become a more ...
Making the news
We must define the nature and scope of this struggle, or else it will define us. Neither I, nor any President can promise the total defeat of terror. What we must do is dismantle networks that pose a direct danger.
Barack Obama
The U.S. president was speaking on his administration's counter terrorism policy.
Hotel Review
Wyndham New Orleans at Canal Place
On arrival at this hotel the thing that struck us most was the location. It was just meters from the ...
Keep readingNews Survey
The Boy Scouts of America National Council has resolved to accept gay members. Do you agree with this policy?
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