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Updated: 3 hours 8 min ago

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

12 hours 3 min ago

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

In a Restructuring Effort Allergan Plans to Cut 1,500 Jobs

12 hours 11 min ago

Allergan Inc. the maker of wrinkle removing Botox will be shedding off 13 percent of its workforce cutting down 1, 500 jobs and eliminating an extra 250 vacant posts in its bid to avoid an intimidating takeover from Valeant Pharmaceuticals International.

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Categories: UAE News

New HS2 to Have Its Headquarters in Birmingham

Mon, 07/21/2014 - 14:12

About 1,500 well-paid jobs are on their way to Birmingham as HS2 Ltd. announced its High Speed 2 (HS2) rail line construction head quarters will be housed in the city.

The new base in the city will manage the construction of the £50 billion scheme, and will also have its decision-making powers shifted from London.

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The Weather Warms Up Cooling the Housing Market in U.K

Mon, 07/21/2014 - 14:05

The heat is decreasing in the UK housing market as the seller lower their prices that are up for sale. The house prices have fallen for the first time in the current year.

The asking price dropped by 0.8% in an average according to a property website. It was the first monthly drop that has been noticed since December and when compared to the 0.3% increase during the month of July in 2013.

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Deliveries are Still Missing in Local Market Baskets, in Support of Reinstating Former CEO

Mon, 07/21/2014 - 14:02

Owing to the widespread disorder that follows the firing of the ex- CEO Arthur T. Demoulas in May, Market Baskets which are located in and around Concord carry on reporting missed deliveries and run down stocks.

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Google looking to hire ‘full-time Google Fiber City Manager in Phoenix’

Sun, 07/20/2014 - 08:22

Going by the indications from a job description recently posted on the Google website, the company's Google Fiber broadband service - which offers dramatically fast Internet and TCV speeds - may come to Phoenix in the near future.

The job for which Google has posted description on its website is that of a 'full-time Google Fiber City Manager in Phoenix.'

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Categories: UAE News

FedEx Indicted For Supposed Part Played In Distribution of Controlled Substances as Well as Prescription Drugs

Sat, 07/19/2014 - 13:24

In San Francisco on July 17, a federal grand jury indicted FedEx Corporation, FedEx Express, Inc., and FedEx Corporate Services, Inc., with charges of conspiracies to trafficking controlled substances and misbranded prescription drugs and for the role it played in the distribution of controlled substances and prescription drugs for illegal Internet pharmacies.

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AbbVie the U.S. Drugmaker At last Wins Deal with Dublin's Shire with $55 billion

Sat, 07/19/2014 - 13:18

On Friday AbbVie Inc. the U. S manufacturer of drugs acquired Dublin-based Shire Plc in a deal of 32 billion pound which will permit it to cut down on its tax bill by repositioning to Britain.

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Categories: UAE News

Gabelli Says the Key to Fox Bid Lies in Board Seats, Preferred Stock

Sat, 07/19/2014 - 13:15

Mario Gabelli, 72, the chairman and CEO of Gamco Investors Inc. said that he would he could be persuaded to shore up an increased bid for Time Warner Inc. in case Rupert Murdoch decide to include board representation and convertible preferred stock to his offer.

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Categories: UAE News

Gold Plunges as Worried Investors Look for Safe-Haven

Fri, 07/18/2014 - 11:46

Gold prices moved back after hitting the highest level in a month as the investors started to weigh the U. S. monetary policy outlook against the growing geopolitical worries around the world. Palladium also fell from a record thirteen year high.

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Meg Whitman To Be The New Chairman of HP

Fri, 07/18/2014 - 11:43

Meg Whitman has been named as the chairman of its board by Hewlett-Packard Co. She was the chief executive officer of the company. Ms. Whitman will be taking up her responsibilities from Ralph Whitworth her predecessor who is stepping down from his post due to health reasons.

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Categories: UAE News

Vitamin B can’t keep Alzheimer's away

Fri, 07/18/2014 - 11:31

Taking B vitamins does not help reduce age-related mental decrease or keep off Alzheimer's sickness, another survey says.

Individuals with Alzheimer's have high blood levels of a compound called homocysteine, and individuals with raised levels of the compound have been demonstrated to be at higher danger for Alzheimer's.

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Premature baby wears teddy bear clothes as she is too tiny

Fri, 07/18/2014 - 11:29

A premature child, who was delivered 12 weeks early, has been wearing teddy bear's garments to stay away from suffocation as she was so little.

Mia MacCormack weighed only 2lbs 8oz when she was delivered in March and had a small 10 inch long body.

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Baby died after being injured with scalpel during delivery

Fri, 07/18/2014 - 11:25

Nottingham Coroner's Court was told that Carson Allen, whose demise was likewise helped by immature lungs, endured "gigantic" blood misfortune from a damage liable to have been brought about by a surgical tool.

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Yellen Not Supportive of Proposal For Tying Rates to Formula

Thu, 07/17/2014 - 10:37

Janet L. Yellen, the chairwoman of the Federal Reserve, on Wednesday said that it would be an action which can be considered as a "grave mistake" fin part of the Congress if it decides to adopt legislation proposed by House Republicans which restricts the Fed's administration over the monetary policy.

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PayPal helps eBay revenue jump 13% despite worsening competition

Thu, 07/17/2014 - 10:33

EBay Inc. the online retailer on Wednesday posted a 13% growth in its quarterly income which was possible mainly due to the better-than-expected results which came from its quickly growing PayPal division. The good results from Pay Pal helped EBay to overcome growing competition from rival Amazon. com Inc. along with a recently exposed cyber attack which revealed the data of customer.

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‘BRICS’ Nations Will Be Forming a Development Bank

Wed, 07/16/2014 - 14:29

A deal was signed by the five leaders of the BRICS countries in order to form a new development bank of $100bn which would also be an emergency reserve fund.

The BRICS group consists of Brazil, Russia, India, China and South Africa.

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Categories: UAE News

Retail Sales are Growing But not At a Greater Rate

Wed, 07/16/2014 - 14:25

Economists say that American consumers cannot be expected to contribute to a considerably stronger economic growth till the time they get raises that are relatively higher than the present ones.

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Categories: UAE News

Gaming Firms of Italy and U.S Gaming Merge in a Deal of $6.4 Billion

Wed, 07/16/2014 - 14:21

Italy-based Gtech SpA has decided to buy International Game Technology for an amount of $4.7 billion paid in cash and stock. The deal will unite the biggest source of lottery systems in the world with the largest maker of slot-machines.

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Mental health crisis care to improve

Wed, 07/16/2014 - 10:51

Mental health trusts have consented to an arrangement with police and paramedics in an offer to enhance crisis help for individuals confronting a mental wellbeing emergency.

The Crisis Care Concordat has been propelled by ministers to drive up models of nurture those encountering issues, for example, self-destructive musings or tension.

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Categories: UAE News

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