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Blogging platform Tumblr acquired by Yahoo for $1.1 bn
NEW YORK - Yahoo promised "not to screw it up" as it formally announced its acquisition of the popular Tumblr blogging platform for $1.1bn in cash, giving the company a much-needed base in social media to reach a younger generation of users. The relaxed wording of the memo for one of the internet giant's biggest acquisitions was echoed in the memo sent by David Karp, Tumblr's 26-year-old ...
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US drugmaker 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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Bombardier unveils Challenger 350 mid sized business jet
GENEVA - Canadian aeroplane maker Bombardier has expanded its leading Challenger family of business jets with the launch of the new Challenger 350 aircraft in collaboration with global leader in private aviation, US firm NetJets. The launch on Monday was held at a special event here at the European Business Aviation Conference and Exhibition (EBACE). Bombardier said deliveries of the ...
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$254mn Eskom wind power project gets South African regulator's nod
JOHANNESBURG - The National Energy Regulator of South Africa (Nersa) has granted power producer Eskom a licence for its Sere wind farm in the Western Cape, paving the way for the company to start construction of its $254.3 million (R2.4-billion) project. Sere is the Nama word for "cool breeze". The wind farm project is scheduled to become fully commercially operational by the end of ...
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Morgan Stanley India to sell wealth management 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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Mice and lizard return after a month in space
A Russian capsule, which had mice and lizards as its occupants, returned to Earth on Sunday after spending a month in space. According to scientists, the experiment was conducted to test effects of weightlessness and other factors of space flight on the cell structure, Fox News reported. Russian state television showed the capsule and some of its inhabitants following its safe landing in a ...
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IRSs Lerner Had History of Harassment Inappropriate Religious Inquiries at FEC
Perhaps no other IRS official is more intimately associated with the tax agency's growing scandal than Lois Lerner, director of the IRS's Exempt Organizations Division. Since admitting the IRS harassed hundreds of conservative and Tea Party groups for over two years, Lerner has ...
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Egyptians don’t like Morsi’s presidency but opposition flounders anyway
CAIRO - As Egypt’s first democratically elected president nears the completion of his first year in office, there is growing resentment among Egyptians about his tenure. The dismal economy has grown worse, sectarian tensions are greater, and government services have declined – something many people thought would have been impossible. Indeed, many here feel that Mohammed ...
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Erekat throws his weight behind Kerrys bid to revive talks
Chief negotiator tells UN in New York settlement freeze, release of prisoners not conditions to resume talks, but obligations Israel must fulfill; says Palestinians exerting "every possible effort" to ensure ...
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Obama concerned over Hezbollah militants in Syria
WASHINGTON - US President Barack Obama told his Lebanese counterpart on Monday he was concerned about Lebanese Hezbollah militants fighting in Syria to support Syrian President Bashar Assad, the White House said.Obama and Lebanese President Michel Suleiman spoke by telephone the same day Syrian activists said about 30 Hezbollah fighters and 20 Syrian soldiers and militiamen loyal to Assad ...
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Man dies from SARS-like virus in Saudi Arabia
A Saudiman who had contracted the coronavirus has died, raising the death toll in the kingdom from the SARS-like virus to 16, the health ministry announced on Monday on its Internet ...
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Moscow Terror Attack Foiled After Shootout
Russian security services claim to have foiled a planned terrorist attack in Moscow after a shootout that killed two alleged militants. "Our forceful actions prevented an attempted act of terror in the capital," the National Anti-Terrorism Committee (NAC) said in a statement. Two suspects were killed and a third arrested during the raid on a house in the town of Orekhovo-Zuyevo, ...
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Images show path of devastation
>Are you experiencing severe weather in your area? Send photos and videos to CNN iReport. But please remember to stay safe. Shawnee, Oklahoma (CNN) -- [Breaking news update at 4:58 p.m. Monday]Areas of metropolitan Oklahoma City appeared to be in shreds Monday afternoon after a massive tornado moved through the ...
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Chief Palestinian peace negotiator backs Kerrys efforts
Saeb Erekat (R), a Palestinian senior politician and chief negotiator speaks during a visit to a tent set-up in protest against the construction of a road in the Arab neighbourhood of Beit Safafa in Jerusalem March 14, ...
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Tornado on the ground in Oklahoma City area
(Reuters) - A tornado was on the ground in the Oklahoma City metropolitan are on Monday, live television showed, and the National Weather Service warned of tornadoes in two counties of central ...
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Record Fla. Powerball winner cant remain anonymous
ZEPHYRHILLS, Fla. It could be an anxious wait of up to two months for people in a small Florida city to find out who won the highest Powerball jackpot in history: an estimated $590.5 million. The lucky ticket was bought sometime Saturday or earlier at a Publix supermarket in Zephyrhills, a city of about 13,000 people best known around the state for its brand of spring water with the same name. ...
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Another tornado touches down near Oklahoma City
SHAWNEE, Okla. A "large and extremely dangerous" tornado touched down near Oklahoma City, the National Weather Service confirmed, bringing more dangerous weather that has already claimed the lives of two people since Sunday. The new twister is just one of several created by a storm system that swept through the nation's midsection Sunday and into Monday, with damage concentrated ...
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Boston cardinal skips event over Irish PMs role
Cardinal Sean O'Malley skipped Boston College's commencement today because of the involvement of Irish Prime Minister Enda Kenny, who supports a bill in his country that would allow abortion. A few dozen protesters, some playing bagpipes, demonstrated at the college during the morning graduation ceremony. They held signs with messages that included: "Boston College Keep Your Pro Life Values. ...
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Obama to Travel to Africa
President Obama and the First Lady look forward to traveling to Senegal, South Africa, and Tanzania from June 26 - July 3. The President will reinforce the importance that the United States places on our deep and growing ties with countries in sub-Saharan Africa, including through expanding economic growth, investment, and trade; strengthening democratic institutions; and investing in the next ...
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Podcast The Medias Role in the IRS Scandal
This Weekly Standard podcast is brought to you by the American Sugar Alliance. Whether you live in one of the many communities dependent upon sugar production or are a taxpayer saving scarce federal dollars, you're benefitting from America's sugar producers. Learn more ...
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Obama Michelle Would Not Be Sitting in the Rain. She Has Taught Me About Hair.
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Carney Yes Chief of Staff and Treasury Sec. Met Many Times in Last Month with Obama
A reporter confirmed with Jay Carney, today at the press briefing, that President Obama met with his chief of staff and the treasury secretary many times over the last month and that neither official told the president of the IRS ...
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U.S. Concerned Over Hizballah Involvement In Syria
The White House says President Barack Obama has expressed the United States' concern over Hizballah's involvement in Syria in a telephone call with Lebanese President Michel Sleiman. The phone call on May 20 took place as Syrian government troops backed by Hizballah fighters continue their assault on a rebel-held town near the Lebanese border. The London-based Syrian Observatory ...
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Will Iran’s Former President Rafsanjani Be Allowed To Run
A senior figure in the Iranian regime appears to have hinted that presidential hopeful Akbar Hashemi Rafsanjani (pictured) might be considered too old to ...
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Egypt’s Morsi dispatches army to Sinai after suspected Islamists snatch soldiers
CAIRO - Egyptian President Mohammed Morsi ordered army reinforcements to the restive Sinai on Monday amid rising tensions there over the kidnapping of seven soldiers by suspected Islamist militants. In a break from past practices, Morsi said he would not negotiate with kidnappers, which some interpreted as an effort by the beleaguered president to appear tough in the face of his falling ...
Dominican Feature
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Dominican businesses expanding role in Haiti reconstruction
The Dominican Republic is already a regional leader in Central America and now looks poised to play an even greater role in the future of disaster-hit Haiti. The two countries are already major trade partners, and this relationship looks set to expand into rebuilding the country as well.
The Dominican Republic has one of the strongest economies in Central America and is one of the major trade partners of earthquake-beleaguered Haiti. For this reason, political leaders in the country have pointed out that it is vital for local businesses to continue or expand their involvement in Haiti’s reconstruction, or the country would lose an important source of revenue. Read more
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