(MENAFN - AFP) Visiting Chinese Premier Li Keqiang pledged on Tuesday to open up domestic markets to Indian businesses and narrow a gaping trade deficit between the two countries.
"As for Indian concerns over the trade deficit, the Chinese side is willing to provide facilitations for more Indian products to access the Chinese market," Li said during a speech to Indian ...
(MENAFN - AFP) Mexican phone giant America Movil, owned by billionaire Carlos Slim, announced Monday that its US unit reached a deal to acquire US mobile phone company Start Wireless Group.
The price of the transaction was not revealed but a statement said Tracfone Wireless will acquire the assets of Start Wireless, an Ohio-based mobile virtual network operator that provides ...
(MENAFN - AFP) The billion-dollar deal for Tumblr has stirred talk on the next big acquisition target in the sector, with cash-rich tech giants looking for the next potential star.
Yahoo!'s blockbuster deal for the popular blogging platform comes amid a battle for eyeballs on the Internet among big tech firms such as Facebook, Google, Amazon and Apple.
(MENAFN - AFP) United Airlines resumed Boeing 787 Dreamliner flights Monday after the advanced plane was globally grounded four months ago due to overheated battery incidents.
United, the only US carrier that owns the high-tech jetliner, relaunched 787 passenger service with a flight from the airline's hub in Houston, Texas, to Chicago, where Boeing is based, United said ...
(MENAFN - AFP) Yahoo! is just under two decades old and already showing signs of age. Tumblr, the cool blogging platform, represents a new generation.
This split marks both a challenge and an opportunity for the firms, after the announcement that Yahoo! is buying the six-year-old startup for $1.1 billion, mainly in cash.
(MENAFN - AFP) Marissa Mayer has made her boldest move to date as chief of Yahoo! with the billion-dollar purchase of Tumblr, a popular blogging platform she vowed not to ruin after protests from youthful users.
The two companies, one an aging Internet pioneer and the other a young smartphone-era startup, on Monday confirmed the deal, which keeps fast-growing Tumblr largely ...
(MENAFN - AFP) Apple avoided paying taxes on tens of billions of dollars in profits through a complex network of subsidiaries, many with "no declared tax jurisdiction," a US Senate panel has concluded.
The Senate investigation, set to be discussed at a hearing Tuesday, stopped short of accusing the US tech giant of anything illegal but two lawmakers on the panel said the ...
(MENAFN - AFP) US drugs company Actavis on Monday agreed to buy Irish peer Warner Chilcott for $8.5 billion (6.6 billion euros) including debt, in a bumper takeover that creates a key global player.
"Actavis, Inc. and Warner Chilcott plc today announced they have entered into a definitive agreement under which Actavis will acquire Warner Chilcott plc in a stock-for-stock ...
(MENAFN - AFP) Vermont became on Monday the third US state to legalize physician-assisted suicide.
Peter Shumlin, the Democratic Governor of the small progressive-leaning state, signed into law a bill that lawmakers adopted last week. Vermont follows the states of Oregon and Washington in legalizing the practice.
"Vermonters facing terminal illness at the end of ...
(MENAFN - AFP) A Saudi man 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 website.
"One of the patients who had contracted the virus has died," in the Eastern Region of Saudi Arabia where most of the kingdom's cases have been registered, the ministry ...
AFP News
21 May 2013
