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Updated: 2 hours 41 min ago

Biologic Drug-Maker Amgen Plans to Trim 12 to 15 Percent Jobs

11 hours 42 min ago

Amgen Inc. the biologic drug-maker says that it plans to trim down its workforce all over the world by 12 to 15% along with closing of four of its sites. This decision came in spite of reporting a strong second-quarter result which beat the expectations of the Wall Street.

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Categories: UAE News

Aviation Officials Make Serious Efforts to ‘Close Safety Gaps’

11 hours 45 min ago

After the Malaysian flight MH17 was shot down and concerns regarding air safety rose severely, the aviation officials have been meeting in Montreal in Canada to discuss regarding the safety issues. The global airline industry is now asking the governments all over the world to come up with improved control over the deployment of anti-aircraft weapons.

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Categories: UAE News

Gains Seen in Home Price But Slow for 6th-Straight Month

11 hours 53 min ago

Though a continued rise was seen in the home prices this spring but the speed of the increase has definitely pulled down as compared to the end of the previous year. Though the prices grew in May but were the weakest observed in the last fifteen months.

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Categories: UAE News

In Order to Settle a German Tax Probe UBS Books 254 million euros From Second Quarter

Tue, 07/29/2014 - 11:42

UBS, the Zurich based lender reserved a 254 million euro ($341.25 million) in the second quarter to settle claims and for resolving a charge which says that it helped rich Germans to duck taxes. This is the most recent in a series of lawsuits that are aimed at its business of private banking.

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Categories: UAE News

Smith & Wesson to Pay for Charges of Bribes Made to Officials Overseas

Tue, 07/29/2014 - 11:39

This time Smith & Wesson has landed on the wrong side of the law by trying to bribe overseas officials and by selling guns to military and police officials abroad.

Smith & Wesson Holding Corp. has settled to make a payment of $2.03 million to resolve the charges brought against it by the U. S. Securities and Exchange Commission.

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A Term in Affordable Care Act Returns Billions to Consumers

Mon, 07/28/2014 - 12:40

A concept that was pioneered in New Jersey says insurers are required to spend a minimum of 80 percent of premiums to pay for medical claims otherwise they have to return money through rebates or additional benefits.

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Categories: UAE News

Owner of Market Basket-Related Website Cannot Reply Angry Customers

Mon, 07/28/2014 - 12:33

Last week with all the upheaval business was very slow at Market Basket. Customers dropped in the stores all over the area but employees protested the ouster of their well loved CEO Arthur T. Demoulas by not restocking the shelves or by refusing to accept the deliveries of produce that came every day.

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Categories: UAE News

Germany Increase Coal Imports and Pollution, and The US Exports Has a Greater Share

Mon, 07/28/2014 - 12:26

The location for one of the most recent coal powered power station of Germany is on the banks of a canal that is hundred year old, which once upon a time shipped coal that was dug out from the Ruhr Valley and supplied to the world. Now sides have changed and coal comes from other places to Germany now.

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Categories: UAE News

With Help of Satellite China keeps Fishing Vessels Connected in Disputed Waters

Mon, 07/28/2014 - 12:22

There were already sixteen satellites by the end of 2012 from China circling the orbit above the Asia-Pacific and there are more that have been planned. The Beidou system of China is a competitor to the leading U. S. Global Positioning System (GPS) as well as the GLONASS of Russia. Beidou is already being used in a big way by the Chinese military.

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Categories: UAE News

Reports Say Danone In Discussions with Hospira for Sale of Its Medical Nutrition Unit

Mon, 07/28/2014 - 12:17

For some weeks now, Danone the French dairy group has been in discussions with U. S. rival pharmaceutical and medication delivery company Hospira to sell its business of medical nutrition. In this deal the buyer would be able to move its tax base to Europe.

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Categories: UAE News

Revenue For Baidu Increases, Profit Moves Up on Mobile

Fri, 07/25/2014 - 12:31

Baidu the search giant of China reported a 34 percent leap in its second quarter profit. Its mobile ad sales alone accounted for approximately one third of the revenue for the first time.

Profits of the company reached 3.5 billion yuan or US$571 million for this quarter. The revenue increased 59 percent to 12 billion yuan, as the upper limit of its forecast.

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Categories: UAE News

ZillowInc. in Advanced Discussions for Acquiring Real-Estate Website Trulia Inc.

Fri, 07/25/2014 - 12:27

Zillow Inc. the real estate website operator from U. S is in advanced discussions for the acquisition of its smaller rival Trulia Inc. said people who are familiar with the matter.

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Categories: UAE News

1,800 Job Cuts by Bombardier In The Middle of Its Troubled CSeries Launch

Thu, 07/24/2014 - 13:17

Bombardier Inc. which is struggling with certain developmental issues for its centerpiece CSeries jetliner, will cut down onalmost1,800 jobs from its aerospace business. The company will also split the unit of its business into three. The moves come as an action for cost cutting and improve operations.

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Categories: UAE News

McDonald's Still Stands by The Troubled Meat Supplier

Thu, 07/24/2014 - 13:15

The food safety scandal which took place in China recently has turned the limelight on quite a few of the fast-food chains from U. S which are operating in the country. That would include McDonald's, Yum Brands' KFC and Pizza Hut.

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Categories: UAE News

In June Japan’s Trade Deficit Further Widens to $8 Billion

Thu, 07/24/2014 - 13:12

The trade deficit of Japan has more than tripled in June from what it was last year, to a much more than the expected 822.2 billion yen ($8.1 billion). The imports have increased and exports dragged lower.

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Categories: UAE News

Qualcomm Faces challenges in China, Increased Profit in Semiconductor Business

Thu, 07/24/2014 - 13:10

Qualcomm Inc. The San Diego-based company the chip giant has found China to be great for its chip business but is facing troubles in t in its other key business which is licensing patents.

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Categories: UAE News

Clinching to U.S. SEC’s Rules an Escape Route from FSOC for Money Funds

Thu, 07/24/2014 - 13:02

Money funds are for many investors are products that are like bank accounts which are not subject to market fluctuations.

They have a major role to play in funding markets as they buy short-term debt that are issued by the governments, corporations and other borrowers who require money to fund their employees and other costs.

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Categories: UAE News

Beretta to Move Gun Manufacturing to Tennessee Due to Strict Gun Laws in Maryland

Wed, 07/23/2014 - 13:34

On Tuesday Beretta of U. S. A. announced that company was concerned over a stern law over gun-control that has been passed in Maryland in the previous year and has decided to move out its facility for weapon making from the state to Tennessee.

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Categories: UAE News

California Drought-stricken and Dry Seek 'Water Cops'

Wed, 07/23/2014 - 13:01

Drought-stricken California is planning to take stricter measures to check water wastage. Soon the `water cops' could arrive if anyone was found washing a car on the drive way.

Various agencies all through the state have started instructing the staff to implement strict conservation rules newly set to come into effect from next month.

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Categories: UAE News

Hedge Fund Manager Bill Ackman Ready to Prove That Herbalife is a 'fraud'

Tue, 07/22/2014 - 09:30

Bill Ackman a hedge fund manager says that on Tuesday he will be holding a presentation to prove that Herbalife, the nutrition company is a "fraud."

This bold announcement made the shared of Herbalife drop by more than 11 percent on Monday trading.

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Categories: UAE News

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