US News
Ebix buys E-Z Data for $50.35 million
Nasdaq-listed Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, has acquired California-based E-Z Data, Inc. for $50.35 million.
U.K. Home Prices Continue to Rise in September
House prices in UK continued their rising trend for the fifth consecutive month, reporting 0.9% increase in September, according to a release of the Nationwide Building Society on Friday. The prices, by and large, remained at the nearest level of previous year at £161,816 ($257,772).
CIT Group heading towards bankruptcy
CIT Group Inc., the 101-year-old commercial lender, said that it would do its best to restructure its debts, but would likely file bankruptcy petition in case of failure of its exchange offer. It has been seeking a cut of at least $5.7 billion of debt to put its economic health on track and to avoid collapse.
GM-Penske Saturn deal falls through; another bidder for Saturn unlikely
With General Motors' (GM) proposed sale deal with Penske Automotive, for GM's Saturn brand unit falling through, the Detroit-based automaker said on Wednesday that a new bidder for Saturn being highly unlikely, it intends shuttering the brand for good.
EU launches EGNOS – a free satellite navigation system to improve GPS accuracy
A free satellite navigation system called EGNOS was Thursday launched by the European Union (EU), with the objective of bringing about an improvement in the exactness of the US global positioning system (GPS). The EU also has said that the "Safety-of-Life" service for aircraft navigation would likely be introduced next year.
Study: Low-cost combination of drugs can prevent heart attacks and strokes
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Offering an effective and economical way to help people diabetics or heart patients avoid heart attacks and strokes, US researchers said on Thursday that a combination of three other drugs can help reduce cholesterol and blood pressure in high-risk patients.
Report: Living past 100 years may become a norm for today’s babies
According to a new report published in the medical journal The Lancet, going by the current trajectories pertaining to the pace of increase in life expectancy, babies born in the industrialized countries - including the US, UK, France, Germany, Italy, Canada, and Japan among others - since 2000 would expectedly living up to the age of 100 years.
Microsoft releases Windows XP Mode to manufacturing
With Microsoft Thursday releasing the Windows XP Mode to manufacturing, the add-on utility will allow the computers equipped with the forthcoming Windows 7 operating system to run older applications built for the Windows XP.
The availability of the XP Mode will coincide with the official launch of Windows 7 - on October 22!
Apple ‘quietly’ took over Google Maps rival, PlaceBase, two months back!
ComputerWorld's Seth Weintraub has deduced from some Tweets and a LinkedIn profile that, Apple has 'quietly' taken over a Google rival - the map-tech maker PlaceBase, along with its worldwide maps and API technology PushPin - and has hired its founder, Jaron Waldman.
PSP Go – the only gaming system with download-only games!
The $250-priced latest handheld game console, the Sony PSP Go, marks a transition from the established convention in terms of availability of gamed - will offer games only through download, as the system has practically no support for the physical media like discs or cartridges!
Amazon to pay $150,000 to settle Kindle lawsuits
A number of news site Thursday carried reports of Amazon's decision to pay $150,000 to settle two lawsuits pertaining to its July removal of George Orwell's novels "1984" and "Animal Farm" from its Kindle e-reader.
Bing’s US market share dips 1.17% in September; Google gains, expands Search Options!
Going by the most recent Internet search figures compiled by online metrics firm StatCounter, the US market share of Microsoft Bing dropped to 8.47 percent in September - marking a 1.17 percent fall from its 9.64 percent share in August.
Scientists unveil fossils of a 4.4 million-year-old pre-human ancestor
An international team of researchers Thursday unveiled the fossils from 4.4 million-year-old 'hominid' - comprising pre-human species and their kin - unearthed in the Awash region of Ethiopia in the beginning of 1994.
Apple Tablet: An iPod For Your Newspaper?
The latest media reports have forwarded the fact that after creating hype in music industry with the introduction of the iPod, Apple CEO, Steve Jobs, is now mulling to use an oft-rumored Apple tablet to reinvent the world of print media.
IPO filed by China Real Estate in U.S.
The latest media reports suggest that plans to sell as much as $200 million of American depositary shares through an initial public offering were filed recently by China Real Estate Information Corp. with the U.S. Securities and Exchange Commission.
Deal with fund concluded by KKR
Thursday, a long awaited deal was concluded by private equity firm Kohlberg Kravis Roberts & Co, under which it bought its Amsterdam-quoted fund, thus becoming a Euronext- listed company along with completing the first step towards an expected move to the New York Stock Exchange.
Saturn brand soon to be shut by GM
Since the talks regarding selling the Saturn brand to the former racing driver Roger Penske could not succeed, General Motors has declared that it will rather shut it (Saturn brand) down.
As per the Penske Automotive Group, it could not seek a manufacturer for building the cars beyond a supply deal it had struck with GM.
Lewis to step down from post of CEO of BofA by year-end
On Wednesday, Beleaguered Bank of America Corp announced that by the year's end, its Chief Executive Ken Lewis will retire. The bank informed that it has yet to determine who would be the new CEO.
However, the board of the largest U. S. bank will keep on interviewing deserving candidates.
Sanofi insulin probe is welcomed by diabetic experts
Medical professionals welcomed Sanofi-Aventis SA’s plan to investigate the safety standards of insulin and suggested that a possible relation between diabetic medicines and cancer had not yet been proved.
