Synthetic Biology Needs Prudent Vigilance To Prevent Risk, US Panel Says
The Presidential Commission for the Study of Bioethical Issues has called for enhanced federal oversight in the emerging field of synthetic biology. The panel's approach recognized the great potential of this burgeoning field of science, including life saving medicines, and the still distant risks posed by the field.
Facebook sales likely to hit $2 billion in 2010: report
Facebook Inc is likely to generate 2010 revenue of about $2 billion, more than previously expected for the popular social networking site, Bloomberg reported, citing three people familiar with the matter.
Wall Street flat on technical resistance, FedEx results
Stocks were little changed on Thursday as indexes struggled to break through a technical range and economic bellwether FedEx posted results that missed estimates but offered a bullish forecast.
Dwayne Johnson adds muscle power to 'Fast Five'
The’ Fast and Furious 4’ grossed a $155,064,265 domestically and $359,264,265 worldwide and is the second highest-grossing film in the car genre, behind ‘Cars’.
Facebook beats Yahoo and Google to become the fastest company to post $2 billion in revenue
After being voted 'Person of the Year' by Time magazine Mark Zukerberg's brainchild Facebook is expected to post $2 billion in revenue for the year 2010.
BP investors spooked by oil spill lawsuit
Oil giant BP was the biggest faller on Britain's blue-chip board on Thursday, as investors fretted that a U.S. government lawsuit may mean the cost of its oil spill will be far higher than predicted.
Housing starts rise in November, but permits drop
Housing starts rose slightly more than expected in November, but a surprise drop in permits for future home construction to a 1-1/2 year low indicated continued weakness in the housing market even as the economic recovery gains traction.
Britons believe 2011 will be more expensive: BoE survey
British citizens expect the inflation rate to continue to rise in 2011, according to a survey released by the Bank of England (BoE) on Thursday.
Eurozone manufacturing PMI rises moderately
Eurozone manufacturing PMI touched an 8-month high in December while composite output index fell, according to a survey.
Study sees 1.2 billion illegal UK song downloads in '10
At least 1.2 billion songs will have been illegally downloaded by the end of 2010 in Britain, a study for the recording industry lobby group the BPI said on Thursday.
'The Irishman' brings De Niro and Scorsese together again
The duo collaborate for the ninth time for the upcoming movie
Harley-Davidson India launches two new models in India
Milwaukee-based Iconic bike maker Harley-Davidson on Wednesday introduced two new models - SuperLow and Iron 883 - priced at Rs. 5,50,000 and Rs. 6,50,000 (ex-showroom), respectively to expand its portfolio in India.
Wall Street set for flat open after FedEx results
Wall Street was set to open little changed on Thursday after economic bellwether FedEx reported quarterly results that missed expectations, suggesting an economic recovery remained tentative.
Nokia fires new salvo in patent row with Apple
Nokia, the world's top cellphone maker by volume, has filed 13 new patent infringement suits in Europe against U.S. rival Apple, accusing it of using Nokia technology in its iPhones and iPads.
Futures turn flat after FedEx results
Stock index futures turned flat on Thursday, giving up some gains after economic bellwether FedEx reported quarterly results that missed expectations.
EU leaders to be warned debt crisis is systemic
European Union leaders will be warned on Thursday that a rolling debt crisis poses a systemic threat to the euro zone as they seek to paper over divisions at a summit on how to restore confidence.
Nepal plane crash kills 22 people on board
All 22 people on board a small passenger plane that crashed in the foothills of the Himalayas of eastern Nepal have been found dead. The Rescue Co-ordination Committee at Kathmandu Airport stated that the wreckage of a the plane was recovered on Thursday at a village 150 kilometers from the capital Kathmandu.
UK govt to give 25 pct subsidy to 9 new electric cars
The British government on Wednesday said all the nine electric cars, which will be bought in the country, are eligible for a subsidy of up to £5,000 (or $7,935).
Basel regulators give some countries extra leeway
Global regulators said on Thursday that banks in low debt countries like Australia and Denmark will get more leeway to comply with tough new liquidity rules.
Special Report: Seven Samuari of new Japan Inc
For decades, their ability to sell masses of cars and oodles of televisions was how corporate Japan, and its government at home, benchmarked its progress in conquering overseas markets.
Bon Jovi tops Billboard's top10 list of touring bands
For the second time in three years, Bon Jovi topped the annual Billboard Boxscore as the highest money grossing touring act for 2010.
Futures gain ahead of jobs data, FedEx results
Stock index futures were slightly higher on Thursday as investors awaited data on jobs and housing and corporate earnings from bellwether FedEx for signs of improvement in the economy.
Intelligence paints gloomy Afghan picture ahead of Obama's review
The war in Afghanistan is unlikely to be won, US Intelligence reports suggest. Even as President Barack Obama is all set to announce policy review on the war in Afghanistan, two classified reports state that it could be improbable to end Taliban and Al Qaeda insurgency in the Tribal regions of the country. The reports however, have fueled a bitter row between the intelligence agencies and the military over who has a better perspective and proximity in the war zone.
Sports Direct Results Get World Cup Boost
UK retailer Sports Direct International Plc (LON: SPD.L), controlled by Newcastle United owner Mike Ashley, reported a 73 percent rise in pretax profits for the first half as the World Cup and strong online sales drove revenue growth.
Special Report: Seven Samurai of new Japan Inc
For decades, their ability to sell masses of cars and oodles of televisions was how corporate Japan, and its government at home, benchmarked its progress in conquering overseas markets.
Facebook emerges as the best company to work for in 2011
Year-long survey conducted by Glassdoors.com puts social networking giant Facebook at the top of preferred employers' list
Regulators publish final text of Basel bank rules
The Basel Committee of global banking regulators published on Thursday the final text of Basel III, which will force banks to triple the amount of capital held to withstand shocks.
Obama's $858 billion tax-cut plan heads to House
A deal that President Barack Obama struck with Republicans to extend tax cuts for nearly every working American and spur job growth moves to the House of Representatives for passage as early as Thursday.
Toyota Etois receives 12,000 pre-sales orders in India
Toyota Motors India said on Wednesday that it has received 12,000 orders for its Etios sedan, even as the production of the low-priced car is yet to begin.
GM repays $2.1 bln to US tax payers
General Motors has paid $2.1 billion to complete the repurchase of preferred shares issued under a federal government bailout, the U.S. Treasury said on Wednesday. With this the auto maker has brought the total sum recouped by taxpayers to more than 23 billion dollars.