BEIJING - Chinese police has detained four senior executives of British multinational pharmaceutical company GlaxoSmithKline (GSK) on suspicion of having bribed officials and doctors to promote its medicines and other tax-related economic crimes. The officials are also being investigated on charges of arbitrarily raising drug prices in the country. At a press conference here Monday, Gao ...
Honeywell transmitter eyed in 787 fire probe - source
Reuters ? Emergency services attend to a Boeing 787 Dreamliner, operated by Ethiopian Airlines, after it caught fire at Britain's Heathrow airport in west London July 12, 2013. REUTERS/Toby ...
Video BlackBerry cuts price on z10 Microsoft marks down tablet
Microsoft cut prices on the entry level Surface tablet by 30 percent and the BlackBerry z10 is selling for $100 below is debut price as the two gadgets fail to live up to hype. Conway G. ...
Citigroup is out of the woods but not by much
Citigroup Inc.'s second-quarter showing sets a new test for chief executive Mike Corbat: building on the bank's return to mediocrity. The firm earned $3.9-billion (U.S.) profit, after stripping out accounting gains, in the three months to June. While that's the best, cleanest performance in years, it means Citi is still a tad shy of covering its cost of capital. The task now is to ...
Bargain basement Microsoft Surface RT $350 after price slash
Microsoft Corp. is slashing the price of its Surface RT tablet by $150 as it fights to increase its tiny share of the booming tablet market.The cut brings the price of the Surface RT with 32 gigabytes of memory to $349 without a cover, which also acts as a keyboard. Including a cover with a touch-sensitive keyboard, the device comes to $449. The Surface has a 10.1-inch screen measured ...
Mexico announces plans to invest $100 billion in rail ports roads
MEXICO CITY -- The Mexican government has announced plans to invest about $100 billion in rail, road and port projects over the next five years, including Mexico's first high-speed rail links. Mexico abandoned all regular passenger train service more than a decade ago, but now wants to revive the service. President Enrique Pena Nieto said Monday that about 360 miles (580 kilometers) of ...
Mario Lopez The face of state housing program
Mario Lopez, of "Saved by the Bell" and "Extra" fame, has become the face of a government-funded program that helps Californians who are struggling to make their mortgage ...
Government relations pros join Chamber
Chanelle Hawken is leaving her government relations post at the San Diego Regional Airport Authority to take over as the chamber's Executive Director of Public ...
Honeywell announces $208M expansion in Louisiana
GONZALES, La. -- Honeywell has announced plans for $208 million in expansion projects at its Louisiana production sites in Baton Rouge, Shreveport and Geismar.Gov. Bobby Jindal announced the plans Monday with Honeywell Performance Materials and Technologies CEO Andreas Kramvis. The expansion projects are estimated to create 42 new jobs at the sites, with an average salary of $68,300.Honeywell ...
Wal-Mart faceoff with DC fuels minimum wage debate
A worker collects shopping carts in the parking lot at Wal-Mart, Friday, July 12, 2013, in Bristol, Pa. The bitter standoff between Wal-Mart and officials in Washington, D.C., over the city?s effort to impose a higher minimum wage on big-box retailers is fueling a wider debate about how far cities should go in trying to raise pay for low-wage ...
MGs frustration with Gulf Keystone makes sense
There are still 10 days to run until Gulf Keystone Petroleum's annual meeting but already we're witnessing a mini-classic of corporate governance battles. In one corner stands 5.6% shareholder M&G, not an institution normally found in the front line on these occasions: it is proposing four new non-executive directors. In the other corner is Gulf Keystone's board, issuing ...
UKFI highlights improved prospects for Lloyds selloff
Lloyds Banking Group are better than a year ago, the body which controls the stakes in the bailed-out banks has said, despite warning the first disposals could take place at a loss to the taxpayer.UK Financial Investments said that while the City was scrutinising a series of benchmark prices that will gauge whether the selloffs make financial sense for the government, there are two factors that ...
George Osborne this economic recovery SUCs | Aditya Chakrabortty
George Osborne has talked again and again of how the UK is "leaving intensive care", "recovering" and other figures of speech aimed at luring the public out from behind their sofas.You can expect a lot more of this, especially when the GDP figures come out a week on Thursday. Not only will they have a plus sign in front (rather than the minus we're used to), they're ...
Thorntons reports sales boost
Thorntons reported a 5.6% boost in quarterly sales as the chocolate retailer supplied further evidence that its turnaround is on track.The chain saw sales at its poor-performing high street store division rise 0.5% in the 10 weeks to the end of June on a like-for-like basis, the second consecutive quarterly increase for several years.Total store sales fell 3.8%, however, due to 34 store closures ...
Microsoft Officially Reduces Surface RT Price Tag Now $349
promotional sale for the tablet hybrid, listing the 32GB version for $349 and the 64GB version for $499, a significant reduction of 25% and 30% respectively. Understandably, consumers and tech press alike assumed it foreshadowed a wider price drop. At the time, Microsoft declined to comment, but I just received confirmation from a Microsoft spokesperson, who said: "We've been seeing ...
Paulsons telecom picks taking a big Leap
When John Paulson founded his eponymous hedge fund company in 1994, his focus was merger arbitrage. Now, with a two-decade track record and one massive win in his credit strategy, he's again finding luck with his original investing style--and with telecommunications in particular. So far this year, Paulson has won big on the mobile ...
Global market shares edge higher on earnings
Source: Reuters Stock markets around the world edged higher on as a milder-than-expected slowdown in China's economic growth lifted sentiment and early reads on US earnings were positive. Gains were limited by a lower-than-expected read on US retail sales, a sign that the world's largest economy continues to have areas of weakness. The US dollar edged slightly higher while the euro ...
Ex-Microsoft exec former McDonalds CEO join HP board
HP CEO sees possible 2014 revenue growth NEW YORK - Hewlett-Packard Co on Monday appointed three big-name directors, including former Microsoft Corp software chief Raymond Ozzie and former McDonald's Corp CEO James Skinner, as it looks to beef up its board. The PC maker, which has been trying to strengthen its board after years of leadership calamities, said it was still searching for more ...
Microsofts reorg memo hints at InfoNav Moorea new meeting tech
CEO Steve Ballmer's reorg memo from last week is worth a closer look. There are some interesting hints about Microsoft's plans for rumored business intelligence, data curation, and meeting ...
Bill Gates says Microsoft Bob will make a comeback
Speaking Monday at the Microsoft Research event, the chairman said Microsoft Bob didn't get it right, but he thinks the personal assistant feature will reemerge with a bit more ...
Bankrupt Alabama county picks Citigroup to run $1.9 billion bond deal
BIRMINGHAM (Reuters) - Lawmakers in Alabama's bankrupt Jefferson County on Monday chose Citigroup Global Markets as senior underwriter for a planned $1.9 billion bond refinancing in late 2013 that is central to ending America's biggest municipal bankruptcy ...
Microsoft Surface Watch Dumb Idea Or The Dumbest Idea Ever
There are rumors Microsoft is jumping on the smartwatch bandwagon. But for a company that doesn't seem to take anything seriously anymore--the other Surface devices aren't exactly hot commodities--Redmond seems all to eager to fall on its face over mere whiffs of Apple ...
Source: http://www.macaunews.net/index.php/sid/215847088/scat/3a8a80d6f705f8cc
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