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German Judge Overturns Ban on Uber’s Cab-Sharing Service

A German judge has reversed a countrywide ban on a service offered by the taxi firm Uber. A temporary ban had restricted the start-up firm from offering its UberPop service that proposed a ride-sharing model in the country. Judge Frowin Kurth at the regional court of Frankfurt stated that taxi companies had waited very long for requesti...
Sep 17, 2014
 
Syrian Army Cuts Bridge Controlled by Islamic State

Syrian special forces destroyed a bridge controlled by the IS on Monday as a way to cut their route used for moving supplies in eastern Syria. The bridge built over the Euphrates River was used as a way to connect to the group’s belt controlled by it in the Syrian territory near Iraq.  The bridge is located in Deir al-Zor, a ...
Sep 16, 2014
 
Sinopec to Sell its Fuel Retail Business to Investors

Asia’s top refiner, China Petroleum & Chemical Corp, has decided to sell its retail business worth $175 billion to an investors’ group which includes China Life Insurance Co. This company is called Sinopec has also agreed to sell an almost 30% combined stake to a group of 25 investors which includes a company owned by billionair...
Sep 15, 2014
 
Possibility of Nuclear Cooperation Talks at Up-Coming China-India Meet

As India gets ready for Chinese President Xi Jingping’s maiden visit this week, there are speculations that talks of civil nuclear cooperation might be on the agenda. Chinese Premier Li Keqiang’s India visit in May last year gave birth to hopes of a bilateral cooperation in civil nuclear energy after he stated that the issue was &ld...
Sep 15, 2014
 
Philippines Gears Up for Muslim Tourist Boom

Cebu in Philippines is expected to witness a surge of Muslim tourists as the Muslim middle class continues to grow. Francisco Lardizabal, Chief Tourism Promotions Officer for Department of Tourism (DOT) has asked the Cebu facilities to cater to the Muslim population. These facilities include halal restaurants, halal spas, prayer rooms, and othe...
Sep 15, 2014
 
Medtronic Conducts Clinical Study on Implants of CoreValve Evolut

The narrowing of aortic valves is known as aortic stenosis. This condition limits the blood flow to the rest of the body. If this condition remains untreated, it can lead to serious heart anomalies and in some cases, it can prove to be fatal. But Medtronic (Minneapolis) has come up with the latest solution for treating this cardiac issue; howev...
Sep 11, 2014
 
Genomatica and ICIS Survey Reveals Mainstream Sustainability

The third survey conducted by Genomatica and ICIS provides a clear of the steps taken by chemical manufacturers and distributors for more sustainable products. These measures taken by the chemical distributors and producers come after increasing demand for sustainable products by downstream users and end customers. Genomatica and ICIS are two l...
Sep 10, 2014
 
New Antibody Based Treatment for Asthma

Researchers have developed a new drug for acute asthma patients. It is an antibody based drug that has been the creation of a team of researchers at the St. Joseph’s Healthcare Hamilton and McMaster University. This drug is known as Mepolizumab, which can be used as a replacement for the conventional asthma drugs containing steroids. In f...
Sep 10, 2014
 
Spike in Sales for New BMW Electric Car

The BMW AG electric cars reported a spike in sales through August. This gives a company a relative lead over the electric Model S sedan offered by Tesla Motors Inc. The i3 model comes equipped with range extensions and sells for $41,000 in the U.S. It could provide the competition required to drive the electric cars market. It is specul...
Sep 9, 2014
 
CCAA, Beijing Based China Certification Signs Agreement with Exemplar Global

A delegation from CCAA (China Certification and Accreditation Association) will visit Australia, Sydney to sign an agreement with Exemplar Global. Exemplar is an International Personnel Certification organization.  The agreement has been decided for a long time which will reveal a range of industry auditors. Through this agreement ...
Sep 9, 2014
 
China Electric Car Makers Encouraging the Use of Li (NiCoMn) O2 battery

Owing to factors such as longer mileage and lighter weight capacity, Li (NiCoMn) O2 batteries are gaining popularity and an upper hand with phosphate and lithium ion batteries. Li O2 batteries are used in electric cars. An electric car maker named Skio Matrix in the Zhejiang province of China, featured the Li (NiCoMn) 02 batteries for D...
Sep 4, 2014
 
China Mobile Commences Preorders of iPhone 6 Before Release

The world’s biggest telecom service provider with a user base of about 700 million, has already started offering preorders of iPhone 6. This offer comes much before the launch of the phone itself. The motive of the offer is to drive up sales and generate interest amongst buyers. The orders will be registered at China Mobile Beijing’...
Sep 3, 2014
 
Set of White Overalls Causes Brawl in Meat Industry

Awarua-based South Pacific Meats and New Zealand Meatworkers Union are facing a brawl due to the set of white overalls. According to the claims by the union, South Pacific Meats were obstructing, restricting, and denying Daryl Carran (Otago-Southland president) from accessing the site.  Peter Churchman, QC – Union lawyer said...
Sep 3, 2014
 
Iliad in Talks With Private Buyout Firms on T-Mobile Bid

French telecom group Iliad is in talks with private equity firms for teaming up and presenting an improved deal to the T-Mobile US Inc. unit of Deutsche Telekom AG, according to sources.  Iliad’s decision to team up with potential equity partners may have been an effect of Deutsche Telekom’s indication regarding rethinkin...
Sep 2, 2014
 
Fall in Manufacturing Activity in Asia and Europe

Due to political unrest in Ukraine and sluggish economic recovery in China, factory and manufacturing activities in Asia and Europe are witnessing slow growth. The growth in this region is way lower than expected even with the marginal or zero price rise induced by the manufacturers in the euro zone. Due to insufficient domestic and foreign dem...
Sep 2, 2014
 
Johnson & Johnson faces new lawsuit over hip implants

Just last year Johnson & Johnson were faced with claims that 8,000 of its DePuy artificial hips were defective. While the company set aside $2.5 billion for the issue, it seems as though the worst is not over yet. J&J’s DePuy unit is now staring at another lawsuit with complaints of another range of artificial hip implants known t...
Sep 2, 2014
 
NY Now Exhibitors Offer High-Quality Table Linens and Kitchen Textiles

There is nothing that can change the look and feel of a place faster than a change in textiles. Whether it is about energetic modern designs or calming neutrals, buyers at NY Now have featured a gamut of textile industries that introduce the latest trending offerings, including dining table and kitchen.  NY Now opened on Aug. 16 at...
Sep 2, 2014
 
U.S. Auto Industry Reports Positive Growth in August

August was the best month for U.S. automakers who posted a strong growth in sales. This growth seems to be the best ever since the economic meltdown a few years ago. The figure for new auto sales in United States for the month of August reached 1.5 million units. According to analysts, this figure is more than the sale report last year ...
Sep 1, 2014
 
Saturating Chinese FMCG Market

The market for fast-moving consumer goods in China is reaching a saturation point with a variety of good products available for consumers thereby making it challenging for newly launched products to achieve significant growth. Food and non-food items that are affordable and get sold off quickly are known as fast moving consumer goods (F...
Sep 1, 2014
 
Mill Creek Wind Farm Can Power 30,000 Homes in New Zealand

The latest wind farm by Meridian Energy called Mill Creek located near Wellington is anticipated to increase wind generation by around ten percent, while supporting to achieve New Zealand’s target of ninety percent renewable electricity production by 2025. Figures from Ministry of Business Innovation and Employment (MBIE) demon...
Sep 1, 2014
 
US Navy Receives Block 2 Missiles from Raytheon

Raytheon Company has submitted the initial variant of its Block 2 Rolling Airframe Missile system to the U.S. Navy. The deal is a part of the company’s Low Rate Initial Production, a 2012 contract. Rick Nelson, the Vice President of the Naval and Area Mission Defense sector of Raytheon Missile Systems, said that the RAM Block 2&rs...
Aug 28, 2014
 
San Antonio Construction Employment Remains Stagnant, but Business Grows

The construction industry in San Antonio has reported growth, with construction projects lined up for many firms. The obvious consequence of this is, rising employment in the sector. However, the industry is lagging in terms of hiring people, as the market continues to short of qualified and suitable labor pool. Ken Simonson, Chief Econ...
Aug 28, 2014
 
Belgian Umicore Acquires CP Chemicals at an Undisclosed Price

Belgium-based Umicore, a materials technology firm acquired CP Chemicals, Wickliffe at an undisclosed price. CP Chemicals produces chemicals for petrochemical refining and catalyst industries. The 40 employees of CP Chemicals will be absorbed by Umicore’s Cobalt & Specialty Materials unit. CP Chemical primarily refines and rec...
Aug 27, 2014
 
Audi Puts 48V System in Cars

Audi has planned on using a 48-volt electrical system in its vehicles. The car makers believe it to be the solution to the loads a standard 12-volt system is currently facing. Current cars commonly utilize a 12-volt electrical system. With new technologies implementing more electrical components than mechanical, the Audi manufacturers a...
Aug 26, 2014
 
T-Mobile may turn down Iliad’s USD 15 billion proposal

T-Mobile U.S. Inc. may turn down Iliad SA’s USD 15 billion offer forcing the Paris-based telecommunications firm to raise the number. Iliad is looking for investors from telecommunication companies as well as sovereign and financial organizations to fund its bid. T-Mobile said that Iliad’s USD 33 per share offer was not strong enoug...
Aug 6, 2014
 
China’s Highly Bloated Steel Manufacturing Industry Suffering From Negative Effects of Over-supply

Oversupply - not the lack of it - has plagued China’s steel industry and the affects are far reaching.  In a recent statement, Xu Lejiang, Chairman of Baosteel Corp, a leading Chinese steelmaker has stated that in 2013 country’s output of crude steel were 822 million tones, about 6% more than the official figures presen...
Aug 5, 2014
 
Pfizer to Acquire Baxter’s Vaccine Division

Pfizer agreed on this Wednesday to acquire Baxter's International Inc's (BAX.N) vaccines, which include Baxter’s vaccines for group C meningococcal meningitis and tick-borne encephalitis, and, for $635 million. As a part of this deal, Pfizer will also purchase a part of Baxter's production units in Orth, Austria. Pfizer's presiden...
Jul 31, 2014
 
Shiny Iphone 6 Out For Sale Even Before Apple Launches New Iphone

A U.S.-based jeweler, Brikk launched a blinged out version of iPhone 6 and is already put it up for pre-orders. This ‘Lux iPhone 6’ comes much before Apple announcement of iPhone 6 in the market.  Of course the bling phone can be bought, but only at an ostentatious price between USD 4,495 to USD 8,795. The gadget in que...
Jul 30, 2014
 
Fall in Chinese Stocks Rise Concern for Corporate Earnings

Chinese stocks have declined for the third time in the past few days. This has led to concerns about corporate earnings that might disappoint upcoming share sales and may divert funds out of the existing equities. China Coal Energy Corporation and China Eastern Airlines Corporation have retreated by at least one percent after estimating...
Jul 22, 2014
 
Mario Grauso of Joe Fresh promoted to president at apparel brand by Loblaw

Mario Grauso, a popular fashion industry expert is promoted to the President’s position of Loblaw Cos.  Loblaw Cos. is an in-house apparel brand Joe Fresh.  This was announced at the management shuffle event that took place at Toronto’s biggest grocery chain. The former president Vicente Trius was replaced ...
Jul 22, 2014
 
Starbucks and Burger King pay for Chinese food scandal

The Chinese food scandal is no longer limited to its geography, but it now has U.S. fast food and coffee chains such as Burger King Worldwide Inc and Starbucks in Japan involved too.  Citing the unfortunate incident, Yum Brands Inc, the parent company of McDonald and KFC has apologized to its Chinese customers. The scandal is a result o...
Jul 22, 2014
 
Hula Hoop Gains Popularity as Cardio Workout Tool

This workout tool may have been around since the 1950s as a toy and circus prop. But the hula hoop has just been revived as a cardio and meditative workout tool. The hula hoop can be used by people of any age, but choosing the right size for workout is important. The technique is to maintain proper balance and spin the hoop in both directions s...
Jul 22, 2014
 
McDonalds, Yum Discontinue Buying Meat From Chinese Supplier Following Suspicion about Supply of End-of-date Meat

In a case that has recurred second time in just two years, the fast food joints McDonald’s Corp. (MCD) and Yum! Brands Inc. (YUM) have been hit by an issue related to food safety involving Chinese suppliers. In accordance to the issue, these food joints have halted buying meat products from the supplier, Shanghai Husi Food Co. The...
Jul 21, 2014
 
Next-generation iPhone Enters Production Next Month

According to Taiwan media reports, Hon Hai Precision Industry Co. Ltd. will commence production of the next-generation iPhone this month. The phone, successor of the iPhone 5 series is expected to have 4.7-inch display screen, and the production of 5.5-inch version will begin in the second week of August. To complete the deadline Hon Ha...
Jul 18, 2014
 
Biological Pacemaker May be the Next Breakthrough in Medical Science

Electronic pacemakers may soon be replaced by biological pacemakers. Gene therapy has come up with a remedy for correcting irregular heart beat in pigs. The hearts of seven pigs with abnormal heart beats were injected with TBX-18, a gene which extracts a protein that aids in rectifying irregular heartbeats.  On an annual basis, the...
Jul 18, 2014
 
AT&T Engages Lazard to Advice on Multi-million Dollar DirecTV Deal

United States-based telecom giant AT&T has engaged the services of Lazard, an investment bank, for consultation services pertaining to its acquisition of DirecTV, a leading satellite television operator in the country. Media reports said Lazard will offer advice to AT&T to carry out the planned acquisition of the satellite TV operator. ...
May 15, 2014
 
Graphene Might Have Negative effects on the Environment - Study Reveals

Graphene can do a lot of things from saving age-old buildings to generating electricity to fighting blood clots to giving one a predator like vision. But amongst all these magical uses and applications of this wonder-material, graphene could also play its derogatory role for our environment, a new study has indicated.  Researchers ...
Apr 29, 2014
 
Recycled materials industry growth is 18%: EU Commissioner

According to the European Commissioner for the Environment – Janez Potočnik said that recycled materials is one of the fastest and most popularly growing industry amongst all eco industries in Europe.  Furthermore in an industrial speech at the Industrial GreenTec Fair in Hanover, Germany he disclosed that typically around 2...
Apr 25, 2014
 
Scientists Establish Negative Impact of Nanoparticles Used in Consumer Products on DNA

Scientists have used high-speed screening technology to conclude that nanoparticles that are increasingly being added to consumer products could cause significant damage to DNA.  Today, consumer products such as clothing, cosmetics, and sunscreen-among other products-are subject to nanoparticles addition. Manufacturers may choose t...
Apr 15, 2014
 
Are Plastics safe? Industry Shows Evidence on BPA-free Baby Bottles

A new investigation held by Mother Jones magazine claims that the chemicals used as a substitute to controversial plastic additive bisphenol A – BPA, also commonly known as BPA may be dangerous to one’s health, if not worse. This discovery turns out to be stunning news for everyone using plastic items such as bottles, food c...
Apr 14, 2014
 
Beware! A Hole in Troposphere Discovered

In spate of the continuously degrading fate of earth’s environment, a new discovery about a hole in the troposphere has added more concerns to the hugely delicate issue of earth’s battle with pollution.      Scientists have discovered a 9 mile high hole, extending over many thousand square miles, has developed...
Apr 8, 2014
 
Wal-Mart Plans 50 Wholesale Outlets in India Besides Launching Online Operations

Wal-Mart Stores Inc has said that it has plans of opening as many as 50 wholesale stores in India, besides launching online operations that will help it to directly sell goods to small traders. Last year, the retail giant had called off a joint venture in India and had shelved plans to launch retail outlets in India.  In a statemen...
Apr 7, 2014
 
Private Payroll Processor ADP Records Growth in March 2014 Hiring Activity

According to a private survey conducted by ADP, a payroll processor, companies in the U.S. posted higher hiring activity in March 2014. The boost in hiring activity suggests that the U.S. jobs market that had been reeling under an exceptionally cold winter could be finally on the road to recovery.  The brutalities of winter seem to...
Apr 3, 2014
 
Cigarette Manufacturer Philip Morris to Exit Australia and Move to South Korea

Philip Morris International Inc, the American manufacturer of tobacco and cigarettes, has announced its decision to end its cigarette manufacturing activities in Australia by the end of 2014. The company will move its operations from Australia to South Korea as it finds the current Australian government regulations unfavorable to its export bus...
Apr 2, 2014
 
Deloitte: Wealth Management is the key Sector in Australian Growth

According to a new research conducted by the professional services firm in Deloitte, wealth management is listed amongst the top five key elements to life the growth of Australia.  Besides the agribusiness, gas sector, and international education and tourism, wealth management sector is the ultimate enabler that will add an extra $...
Mar 28, 2014
 
Sagging Retail Sales in China Lead Weakness in Business Activity

A slowdown in retail sales in China is one of the more pronounced indicators of the economic slowdown that the mainland is faced with. Nearly every business segment sagged over the last few months. These were the findings of the China Beige Book. However, there were indications that a further downslide of the economy might be avoided as...
Mar 27, 2014
 
Mitsubishi Purchases Shuttered Auto Plant from Ford for Undisclosed Amount in Philippines

Japanese automobile manufacturer Mitsubishi Motors Corporation is purchasing a plant that was shuttered by Ford some time ago in the Philippines. This investment decision is being regarded as a strategy towards expanding the footprint of Mitsubishi in a market where vehicle ownership continues to rise at an encouraging pace.  In an...
Mar 24, 2014
 
The Indonesian Textile Industry Shows Good Prospects and Positive Effects in the Market: President

While felicitating the expansion of PT Sari Warna Asli in Randusari Village of Boyolali regency situated in the eastern part of Central Java state, President Susilo Bambang Yudhoyono said that the Indonesian textile industry holds good prospects for the future.  President Yudhoyono said that the Indonesian textile industry is po...
Mar 21, 2014
 
China Considering Purchase of 150 Passenger Jets for USD 20 billion

China may soon finalize a deal to purchase as many as 150 Airbus passenger aircraft during Chinese president Xi Jinping’s first European visit later this month. The deal, valued at a whopping USD 20 billion, will add to China’s air travel capacity significantly. The deal, being termed as broad-ranging, could revive trade rel...
Mar 20, 2014
 
Areva Partners with Novinium to Restore the Power Cables for Nuclear Industry

Areva Inc. has signed a contract with the Novinium Inc. to cater cable rejuvenation technology for enhancing the nuclear industry.  Areva is a way to benefit innovative, safe, and cost-effective life of underground cables planned for the nuclear power plants.  Their partnership with Novinium will help them improve the ...
Mar 19, 2014
 
Adobe Records Higher Revenue from Subscriptions as Product Sales Revenue Slides

Faced with higher expenses, software company Adobe Systems Inc reported a 28% decline in profits during the latest quarter. A slight spike in revenue was however masked by these higher expenses. The company’s adjusted bottom line was higher than its expectations, causing the company’s shares to jump towards the end of tradin...
Mar 19, 2014
 
Smart-Tags to Detect the Freshness of Foods and Medicines Discovered

A new scientific discovery can now allow anyone to detect when food or medicines go bad.  Researchers from Peking University in Beijing, China, have formulated tiny corn-kernel sized color-coded “Smart Tags” that can be placed on the containers of food, beverages and medicines to determine whether products inside the co...
Mar 19, 2014
 
Is Google All Set to Give Customers a Storefront Experience in New York City?

Google Inc. is taking its first steps into the retail arena as it inches closer to starting a retail store in New York City. Google’s store will be located in close proximity of Apple’s store in the city’s SoHo district.  According to latest reports, the retail space being set up by Google will be spread across a ...
Mar 13, 2014
 
Dubai Airports Begin Early Light Switch Off for Earth Hour

Dubai// Two major airports of the city have begin early to switch-off lights for the upcoming earth day event. Though the event is to be observed on the 29th March, the airport authorities have already begun their participation to this event as early as the last Thursday.  The worldwide event, in which businesses and homes shut-off...
Mar 11, 2014
 
French Telecommunication Market Goes on A Bidding War

French media and telecommunications conglomerate Vivendi has received offers to sell shares of SFR, the company’s cellphone unit. It is estimated that SFR values the business of Vivendi at more than $20 billion.  The offers have come from construction giant Bouygues and the cable and cellphone operator Altice.   ...
Mar 10, 2014
 
The Sultanate of Oman Projected to Emerge as a Leading Plastic Producer in the Region

The plastics industry in the Sultanate of Oman has recorded robust growth largely owing to consistent large investments from private players as well as the public sector. These investments have widely been made in infrastructure projects and the plastics industry has consequently witnessed a higher investment volume. The construction and infra ...
Mar 7, 2014
 
Major Chemical Industry Executives and Investment Bankers Foresee Increase in Global M&A Activities in 2014, According to A.T. Kearney Survey

A recent study by A.T. Kearney, a global consultations firm, reports the possibility of global rise in the chemical industry’s M&A activities in the year 2014. The report analyses the major global acquisitions in the chemical industry that took place in the year 2013 along with a forecast about the possible M&A activities in th...
Mar 5, 2014
 
Economic Crime Affects Financial Services

More than half of the financial services organizations weary about the economic crimes that have taken place in the past.  According to the PwC’s 2014 Global Economic Crime Survey report around 1330 members of the financial services industry have been victims of the economic crime in the past year. Around 45% of the responden...
Mar 5, 2014
 
Mondi Consumer Packaging Business Full-Year Profit Rises to 22%

South Africa’s largest Packaging and Paper Company – Mondi Ltd. (MND) reported that its full-year profit has risen to 22 percent on sales of consumer-good wrapping.  The company’s operational profit increased to 699 million Euro ($959 million) in 2013. This profit was recorded excluding the exceptional items of th...
Mar 4, 2014
 
Bad Weather Cost Airline Passengers USD 2.5 Billion This Year

The year 2014 could well prove to be one of the most expensive ones for the airline and travel industry. Though the year has just begun, bad weather has already cost passengers USD 2.5 billion. Airlines too, have borne the brunt of the bizarre weather conditions in January with losses amounting to nearly USD 75 million. The resultant delays and...
Mar 3, 2014
 
Tesla Motors Planning USD 2 Billion Mega Investment in Electric Batteries Factory

Tesla Motors announced on Wednesday its plans of investing nearly USD 2 billion to set up a large factory that will produce batteries for electric cars. The factory, expected to be operational before the end of 2017, will be dedicated to the production of cheaper electric car batteries, especially for those cars that are mass marketed. ...
Feb 28, 2014
 
Japans Factory Output Gains Momentum

The January factory output in Japan grew the fastest in over two years, and the country's core inflation rates hovered around a high of five years. Market analysts consider this to be a positive indication- that of Japan being resilient enough to endure possible economic turbulence caused by a hike in sales tax scheduled in April. Ja...
Feb 28, 2014
 
Chinese Machinery Manufacturing Sector Expanded by Over 13.8% in 2013

The machinery manufacturing industry in China needs to realign its offerings and business on various fronts as it is faced with overcapacity. Senior officials from the industry said that China can address these issues by not just upgrading their existing product offerings, but also by expanding overseas. According to reports the China M...
Feb 18, 2014
 
Molex Incorporated Cable Assembly Solutions from Affinity Medical™ at MD&M West

The news broke in that Molex Incorporated, a company that mainly specializes in ECG cables, patient monitoring cable assemblies, cable assemblies for custom engineered connectors, and electrophysiology solutions has now introduced MediSpec™ silicone cable solutions from Affinity Medical™.  The company holds expertise in...
Feb 18, 2014
 
Liberty Global Plc Inks USD 6.7 Billion Deal to Buyout Ziggo NV

Liberty Global Plc has announced its plans of a full takeover of the Dutch broadband company Ziggo NV in a USD 6.7 billion deal. With this, the former, owned by billionaire entrepreneur Johan Malone, will further boost its dominance in the European cable industry. As part of the deal, investors of Ziggo will gain 34.53 euros per share. ...
Jan 27, 2014
 
Africa Oil Declares its Two Additional Oil Discoveries in Kenya

Africa declared that the two of its wells located in the Block 10BB named Amosing-1 and Ewoi-1 onshore Northern Kenya have resulted in the sighting of two new large oil fields. These two wells are known for its 100% success rate in the location of South Lokichar Basin, which have shown results of seven out of seven discoveries till date.  ...
Jan 16, 2014
 
Prysmian Offers Safe Eco-Sustainable Cables for Expo 2015 site

The Prysmian Group is one of the best leading energy and telecom cables and systems companies in the industry of electronics. However, due to its definitive mark in the industry, it has been awarded a company contract to set up cable lines on the site of the Milan Universal Exposition also called the "Piastra" (core) of Expo 2015 - consisting t...
Jan 13, 2014
 
Global Swimwear Brand Arena Being Acquired by PE Firm Capvis

For over four decades, Arena has stood among the aquatic sports reference brands. The brand will soon be in the hands of new shareholders as it is being acquired by Swiss private equity fund Capvis. Arena, as a brand, has been conspicuous by its presence at virtually every major aquatic sport event. Besides being sported by leading swimmer...
Jan 8, 2014
 
2014 Tech Spending to Shrink by 1% As Compared to 2013

According to the Consumer Electronics Association, the average selling prices of new tablets and smartphones is likely to remain lower, thus keeping the world technology market in 2014 1% lower than the preceding year. The Association said that in 2013, the global market for technology touched a whopping $1.068 trillion. However, it is ...
Jan 6, 2014
 
India Likely to Witness Record Wheat Harvest Following Highest Wheat Sowings

With India having emerged as one of the leading sources of wheat production, the country has played a vital part in curbing the prices of wheat worldwide. 2014 is likely to bring in better news for the wheat sector as India’s wheat harvest is poised to be stronger than any previous years. It is expected that India’s wheat sowings ha...
Jan 2, 2014
 
Indian Cold Chain Industry on the Verge of Major Development with Growth Rate of 10-15%

The Indian cold chain industry that is presently facing several issues that pertain to hygiene, maintenance, food safety, and storage conditions is finally waking up to the importance of investing in development projects. With more players likely to invest in higher R&D in the coming year, it is expected that the Indian cold chain industry ...
Dec 31, 2013
 
Reliances Investor Awareness Programme gets Launched for Students

The Reliance Capital Asset Management (RCAM) program that was launched earlier this week focuses on the investor awareness programme (IAP). IAP is useful for the younger generation of students and teenagers who aim at getting educated, but must also learn to manage their finances and start investing in different investment schemes at an early a...
Dec 27, 2013
 
Cement Demand Slides in Saudi Arabia in 2013

The demand for cement in Saudi Arabia has shown a decline in 2013, and much of this decline is attributed to the departure of thousands of immigrant workers following the expiry of a seven-month amnesty. The decline in cement demand has also triggered a record high in the demand for clinker stocks. In 2012, the cement industry in the ki...
Dec 27, 2013
 
Overstated Fuel Economy Figures: Hyundai, Kia to Settle Lawsuits with up to $395 Million Settlement

There seems to be some respite on the horizon for customers who had bought Hyundai-Kia automobiles based on fuel-economy ratings that were later proven, were overstated. Affiliated auto manufacturers-Hyundai Motor Co. and Kia Motors Corp-have agreed to pay fines amounting to nearly $395 million to settle lawsuits filed by customers claiming tha...
Dec 26, 2013
 
Alcoas Surface Finishing Technology to Enable Lighter and Stronger Gadgets

Alcoa (AA), the third largest aluminum producer in the world, has announced the development of a proprietary technology that allows for the use of aerospace-grade aluminum surface finishing on mobile devices to make them lighter and stronger. This development, if executed on a wide scale, could prove to be of immense benefit to consumer...
Dec 24, 2013
 
Raytheon Company announces Rebecca Rhoads as the president of Global Business Services

Established in January 2013, the GBS group’s growth was to increase the common business operations across the company’s entire enterprise service delivery areas.  Raytheon Company announced that Rebecca R. Rhoads is named as the president of the company’s Global Business Services (GBS) group, effective immediately. Rho...
Dec 23, 2013
 
An Australian leading Industry Veteran speaks about the tyre inflation misconceptions

The Australian leading experts object about the trucking operations. According to them, the drivers of the trucking operations run incorrect pressures in their tyres. They are also checking to ensure that the intended pressures are well-maintained.  Group Retread Business Manager with Bridgestone, Greg Nielsen owns the retread specialis...
Dec 20, 2013
 
Biocon to Tackle Glaucoma Through the Global Tie-up

Biocon - the Indian biopharmaceutical company has expanded its portfolio through a collaborative partnership and licensing of ophthalmology in relations to the US-based Quark Pharmaceuticals. It has established a strong pipeline of novel drugs in the therapeutic areas of oncology, diabetes, and autoimmune disease.  This acquisition has ...
Dec 19, 2013
 
GlaxoSmithKline Announces That It Will Cease Paying Physicians to Promote Products

Pharmaceutical companies have often been under fire for paying doctors to promote their products. However, pharma companies seem to be rethinking this controversial promotional strategy with GlaxoSmithKline being the most prominent case in point. The pharma major has announced that it will put a stop to the practice of paying doctors to promote...
Dec 17, 2013
 
Growth Pace of Chinese Luxury Goods Market Slows Down to 2% in 2013

Chinese consumers' expenditure on luxury products saw the slowest growth this year since 2000 as more shoppers purchased luxury goods abroad during their travels and the Chinese government's anti-corruption efforts showed results in the form of lower luxury spending, according to studies by American consulting firm Bain & Co.  While...
Dec 17, 2013
 
Glass industry in Malaysia is expanding and experiencing a warm winter

Since the 2008 phase, when the financial crisis had first erupted, every sector and industry in the market had been affected thenceforth. The industrial suffering inevitably continues to this day. The glass industry in the chemicals and material domain is also one of the victims. Every glass equipment manufacturer and glass maker across differe...
Dec 12, 2013
 
Doctor, Nurse Vacancies soar in the Obamacare Rollout

In the medical sector, the vacancy rate for the position of doctors and nurses is 17 percent. Thanks to the Affordable Care Act due to which millions of patients now have the potential to yield for the medical care. The vacancies of these professions are approaching nearly 20 percent at various medical facilities and hospitals. A survey...
Dec 11, 2013
 
3 Major Companies Bid for Axis Banks Swipe Business

A banking source's matter expert said, the three giant payment processing companies, WorldPay, Global Payments, and Total System Services (TSYS) are placing a bid for Axis Bank's network. This bid is in favor of the network of more than two lakh debit and credit card swipe machines priced at $200 million (Rs 1,200 crore). Axis Bank is e...
Dec 6, 2013
 
The Significance of Life Sciences firms and its impact on quality of life

Today, more than 5,400 new potential treatments for medical diseases have been discovered and developed across different companies, labs and universities in the world. There are many people that have a different approach to treating their targeted diseases. However, the diseases that have not been approached or treated for years are termed as &...
Dec 5, 2013
 
Beijing to Cut Down Gasoline Cars in Favor of New-Energy Variants

Notorious for its high smog and pollution levels, Beijing is furthering restrictions aimed at reducing vehicular pollution. Officials announced on Thursday that Beijing will impose further restrictions on the issue of new car plates over the next four years. It will simultaneously lay emphasis on and encourage new-energy vehicles in the city. B...
Nov 29, 2013
 
Samsung and Apple are Leaders in the Smartphone Profit, but Wane in the Consumer Electronics

Samsung and Apple may have succeeded with its dominating nature upon captivating the Smartphone electronics industry with its wits, but not the Chinese companies. These implications are very profound when it comes to the device business. An Apple insider reported that, “In the third quarter of 2013, the company took 56 percent of the t...
Nov 28, 2013
 
By 2017, the Super-Fast 4G Network will be Available to 50% of the Global Population

Latest research shows that by 2017, the world will have over a billion mobiles that use the high-speed 4G network. This would mean that one in every eight of the projected eight billion mobile connections would use 4G by the end of 2017, a huge surge from the approximately 176 million 4G connections estimated at end of 2013. The study was carri...
Nov 27, 2013
 
J&J's Collective Hip-Implant Settlements May Exceed $4b

The world’s largest pharmaceutical products seller Johnson & Johnson that has been facing thousands of consumer lawsuits over its recalled hip implants might have agreed to settle for over $2.47 billion, as told by the company’s lawyers and patients to a judge while outlining an accord whose worth is estimated to be over $4 bill...
Nov 20, 2013
 
South Korea's industrial production declines the labor strikes of carmakers

According to a government report showed on Wednesday, South Korea’s manufacturing and industrial output sector faced a reduction in the last month. This was because the major carmakers reduced the auto production, marking the first decline in three months.  According to Statistics Korea, 0.8 percent reduction was recorded in the m...
Nov 19, 2013
 
Diabetes is on the increase in the human population

According to the IDF Diabetes Atlas, released by the International Diabetes Federation on 14 November – World Diabetes Day, the diabetes is on a dramatic increase amongst the human population.  Being the sixth edition of the atlas, the document estimates that diabetes will surge from a count of 382 million to 592 million people by...
Nov 14, 2013
 
Oil Companies triple splurging on chemicals

Since 2007, various oil companies across the globe have spent more than triple the amount on chemicals and oils and gases. This growth is aggravated even more as modern-day drilling techniques and methods require more of the raw materials.  According to a study from a market research firm called Freedonia Group, in 2012, the oil field s...
Nov 6, 2013
 
Bank of Beijing Opens its First Direct Bank in China

China’s Bank of Beijing has established its first direct bank-a concept that entails carrying out banking operations and ancillary services via the internet, telephone and automated teller machines. In an era of increasing dependence on internet banking, banks are finding that the costs associated with running entity outlets are becoming ...
Sep 20, 2013
 
Manulife to Launch New Retirement Plan for Canadians in October 2013

Canadian insurance provider Manulife Financial Corporation (MFC) has expanded its portfolio of retirement products with Manulife Investments announcing the introduction of Manulife RetirementPlus. This particular plan is has been designed for and is targeted at people that are due to retire in 10 to 15 years.    Keeping the uniq...
Sep 19, 2013
 
UK Professor Invents Smart Syringe that Changes Color When Used

According to WHO estimates, unsafe injection practices claim as many as 1.3 million people annually around the world. However, David Swann of Huddersfield University, in England has proven that this threat is as avoidable as it is dangerous by inventing a smart syringe that turns from transparent red to tell the doctor and the patient that it h...
Sep 13, 2013
 
85% Global Travelers and 91% US Travelers Will Focus on Domestic Travel in 2014: TripAdvisor Study

According to an accommodation and travelers undertaken by TripAdvisor, a leading global travel website, majority of travelers will choose their home market over the international travel market in 2014. The study estimates that 91% of US travelers and 85% of global travelers will forgo long foreign vacations. The global accommodation and trav...
Sep 12, 2013
 
Brazilian Bottler Companhia Fluminense de Refrigerantes Acquired by Coca-Cola FEMSA for $448 million

In an all-cash deal to the tune of $448 million, Mexico-based Coca-Cola FEMSA S A B de CV has bought out Brazilian bottler Companhia Fluminense de Refrigerantes. This high-profile acquisition came into effect after it was given the go-ahead by the Brazilian anti-trust authority, FEMSA's franchise and the Coca-Cola FEMSA board recently.  ...
Sep 6, 2013
 
Nano-Engineers’ Team Introduces Smartfingers

An engineers’ team from the University of Illinois have announced that they have discovered a new diagnostics device that is expected to revolutionize the electronics world. This new device is called EES - epidermal electronic system. It comes in the form of an electronic circuit which is mounted on the skin of the desired subject to gath...
Sep 20, 2012
 
H&M Declares Ban on Use of PFCs in Clothing

H&M Group, a Swedish fashion retailer has announced a stop to the use of harmful toxic chemicals in its processes. It has declared that it shall not use PFCs –i.e. perfluorinated compounds in any of the articles it buys, from January 2013 onwards. PFCs are mainly used as water repellants to protect fabrics from stains. PFCs ha...
Sep 18, 2012
 
Allergan Expands its Presence to New Jersey, Opens 93,000 Sq. Ft. R&D Facility

Allergan Inc., a California based pharmaceutical giant, manufacturing specialty drugs, has opened a new research and development center in the New Jersey township of Bridgewater. The new facility will help the maker of Botox to expand its pipeline of products. Allergan is known in the pharmaceutical industry for its cosmetic injection - Botox, ...
Sep 11, 2012
 
United Biscuits Set To Enter Snacks Business By The End Of This Summer

A London based Biscuits Company UNITED BISCUITS is planning to set up its two business units under the same umbrella (Biscuits Division) with the help of Credit Suisse Group AG. In the end of this Summer Company is planning to launch its snacks Business as well. It is observed that company has many popular brands under his snacks business unit ...
Aug 22, 2012
 
Indonesia Lures Western Brands: Cradles Hope for Milk and Diapers Products

The rising middle class aspirations of the world’s fourth largest population, Indonesia has drawn attention of Global brands such as Nestle and P&G, who have set up new production units in the country, to tap the market potential. Indonesia, which posted strong quarterly growth for the last concluded financial term, exceeded the expec...
Aug 20, 2012
 
Biometrics Technology Solving Major Security Problems

A beta project is expected to be started by the government in the diplomatic missions, which are currently functional in the US and also in Pak and UK; thereby enabling collection of biometric data and tracking of the foreign national’s engaging into the procedure of visa application as well as visiting the country. The project is estimate...
Aug 12, 2012
 
EA to showcase This Years Top Title at Gamescom 2012

Electronic Arts is about to release a new game content and services at Gamescom 2012 next week. The Event will take place this year at Cologne, Germany from 15 August till 19 August 2012. The EA’s top fersons shooter, racing, sports, simulation, action and casual tittles across multiple gaming channels. Worldwide, the consumers, media and ...
Aug 12, 2012
 
Monster’s Energy Investigation Restrains Its Market Growth

New York:  The surfacing fame of energy drinks across the globe and the market leader Monster’s Energy has been put to test by the upcoming scrutiny committee and an unknown state attorney general. The investigation is acting as a major factor impacting the market growth of the high octane industry. Recently Corona a California base...
Aug 12, 2012
 
Zynga’s Stocks Tumble as Chief Operating Officer Quits his Role

Major gaming market player Zynga’s Chief Operating Officer resigned from his duty on 10th August 2012. Mr. John Schappert has resigned from the company said the company officials on Friday. The news was sought to be a blockbuster for the gaming industry. The reason for the resignation of Mr. Schappert was not due to any discrepancy or frau...
Aug 12, 2012
 
Stevia (Stevia Rebaudiana) a Natural Sweetener Taking The Global Market Place

Stevia, originated in Paraguay however also utilized in other Asian economies such as Japan for many years; is now exploring new opportunities in Kenya. Stevia plants are highly propagated from cuttings or tissue culture because growing the plant using the seed normally will have a very low germination growth rate. Stevia a South American herb ...
Aug 12, 2012
 
U.S. Corn And Soybean Production Drops For The Second Consecutive Month As Drought Takes It

The Agriculture Department of U.S has cut down its forecast estimation on production of corn which was estimated around to reach 13 billion bushels but reached only 10.8 billion, down by 17% due to the worst drought situation continuing to worry the farmers of the major farm states. In the World Agricultural Supply and Demand report, The USDA no...
Aug 12, 2012
 
Increasing Grain Prices Affect the Poor Countries

Sharp increase in food prices in month of July following three months of turn down, rise in price of sugar and grain is responsible for this hike as per the recent report of united nation. Effect of the bad weather condition forced corn market is expected increase by 23% and bad weather conditions also responsible to hike the world wheat prices ...
Aug 12, 2012
 
Next Generation Network (NGN): Revamping Of Indian Wired Telephone Communication Market

BSNL is planning to transform its existing landline service to next generation network service which includes video calling and free call transforming from mobile phones. Company’s estimated budget for this project is about the Rs 400 Crore. Company expects that this project will get completed by the end of 2012-20013.  Next generati...
Aug 12, 2012
 
The World Rages on Robotic Manufacturing Renaissance

With the impeding Eurozone crisis, economic slowdown in major developed nations, Fiscal Deficit in BRIC nations and China’s industrial limp; Global leaders like U.S. shall experience an altogether new phase in its industrialization. Many a times it is also termed as the new renaissance in the global industrialization. This is a post globa...
Aug 12, 2012
 
On 20th August In UNFI WEST SUPPLIER CONFERENCE A New Product Launched By Active Health Foods, Inc. Will Be Featured

Active X™ an exclusive and brand name product of Active Health Foods, Inc. is developed from the method made by the company and it is qualified from the Nutritionist of the company made up of natural and organic materials available in four different varieties of flavors. Each bar is competently design and wrapped with wrapping papers with ...
Aug 12, 2012
 
Smith And Nephew Recently Introduced Allevyn Life, A New Advanced Wound Dressing Product

Smith and Nephew is a medical device company head-quartered in London, U.K., recently launched Allevyn Life, an advanced wound management dressing product, which is designed to address health concerns of chronic patients who are living with wounds. The product is best suited for wounds such as diabetic foot, pressure ulcer and diabetic ulcers. ...
Aug 11, 2012
 
Kimberley-Clark’s Quaterly Results Show Growth, Up By 4.30%, Reaches Usd 86 Value

A leading global personal and health care company, Kimberley-Clark (New York Stock Exchange: KMB), showed better quarterly performance for the recently concluded term, which were supported by increased sales in developing economies. KMB, manufacturer of personal and health care products, owns renowned brands such as Kleenex, Wypall, Huggies, V...
Aug 11, 2012
 
Astonishing Records Attained by PV Industry Reveals Reports

The current reports releases by the European Photonics Industry Consortium, discloses the recent advancements and global successes. The Europe sustains to be the powerhouse of the PV industry across the globe with no further impact of the Chinese PV industry indulging into mass production and exporting. Photovoltaic industry attains revenue m...
Aug 10, 2012
 
Why Zuckerberg And Facebook Are Struggling

Criticism is the first phase to achieve your goals and a way to get the right direction. Zuckerberg and Facebook are experiencing the same. Facebook is doing well as a private company but still struggling to become a public company. Going public was not a favorable decision for Zuckerberg as its share prices have fallen down to more than 45%. F...
Aug 10, 2012
 
Business Takes Different Approaches to Securing Clouds

The demand for mobile platforms and next generation applications in the work place has driven cloud computing adoption in the private sector.  The study has revealed that approximately 82 percent of companies are either migrating confidential records to cloud-based environments or intend to do so within the next two years. While the cloud ...
Aug 10, 2012