A world without tobacco 'is a world in which people live longer and have happier lives,' Bloomberg, New York Mayor who has a fortune of $16 billion, said at a joint press conference with the Microsoft founder Gates. They said the money would go to anti-smoking groups working with governments to curb the consumption of tobacco and related products, including World Health Organisation and Centres for Disease Control and Prevention.
Noting that the talks between GM and Cerberus Capital Management, the private equity arm that owns Chrysler, began over a month ago, the New York Times said, 'negotiations are not certain to produce a deal.' Quoting two people close to the process, the newspaper said that chances of a merger were "50-50" as of Friday and "would most likely still take weeks to work out."
Global IT giant IBM is understood to be the front-runner to acquire Satyam Computer Solutions, a company it named as one of its main competitors in a filing to the New York Stock Exchange in February. The US major, said sources close to the developments, has begun discussions with Satyam's government-nominated board and expressed its desire to acquire a majority stake in the company. A team of investment bankers and lawyers from the US and Europe has been brought in.
None of the athletes Salazar has worked with were mentioned in Monday's report.
The 104-storey building's opening marks an emotional milestone for the United States.
New York-based Pfizer now outsources about 15 per cent of its manufacturing capabilities. The company aims to double that figure, as part of cost-cutting measures.
Internet's second most popular search engine Yahoo! has said it was open to selling itself to Microsoft, but the software giant's chief executive Steven A Ballmer and his deal makers were not keen to negotiate and ultimately withdrew their proposal. Microsoft had offered to buy Yahoo, second only to Google, for $31 a share, or $44.6 billion, in February, but the search engine felt it was worth more.
Cerberus Capital, the New York-based private equity fund that recently bought Chrysler from the erstwhile DaimlerChrysler for close to $7.5 billion, is entering the Indian market shortly.
Top management of high-tech companies have been asking the US government to rework their Senate immigration bill to allow them to hire more foreign workers.
In a media release, the financial services behemoth said that its board of directors has appointed Vikram Pandit as the company's new chief executive officer and member of the board of directors, effective immediately.
Former World Cup winner and Arsenal's record goal-scorer Thierry Henry announced his retirement from soccer on Tuesday, bringing an end to his a glittering 20-year career.
The 3.75 lakh (375,000) square feet centre, presently under construction at the DLF IT park at Manapakkam, will be IBM's fourth facility in Chennai and is expected to be operational by the end of June this year.
June 14, celebrated five years of Rediff.com as a Nasdaq listed company.
June 14, celebrated five years of Rediff.com as a Nasdaq listed company.
The RBI is of course fighting tooth and nail to hold interest rates while every constituency, political, business and economic is baying for lowering them. So far, the RBI has held on admirably. Whether it will manage to hold on is a question mark. I strongly feel it should, because high interest rates are the last reason growth will be affected. The good news is that an economic slowdown may exert pressure on asset prices, both in the commercial and non-commercial space.
Manchester City's Abu Dhabi-controlled owner has agreed to sell a $500 million stake to US private equity firm Silver Lake, making it the world's most valuable soccer group with a $4.8 billion price tag.
Despite Facebook's user base being bigger than Twitter, it is speculated that the 140-character site will outshine Zuckerberg's child.
Other shortlisted chief executives include Abdulrahman Ali Al-Abdulla of Muntajat, Peabody Energy's Gregory Boyce, Pailin Chuchottaworn of PTT Public Company Ltd, Repsol's Antonio Brufau and Ian Taylor of Vitol.
Chairman and CEO of Bollywood Group Kamal Dandona said on Wednesday that he expects leading film makers and artistes to attend the award function which will he held in New York on May 26.
LA Galaxy lost 4-5 to New York Red Bulls in the MLS league game.
As part of this expansion plan, IBM will hire 1,000 employees across the globe to create new models of engagement through data and design.
A look at some interesting moments from the 10-day fashion gala in New York.
If elected, he would be the first successful businessman without any political experience to become the US president.
Iran were banned from an Olympic football qualifying match against Jordan later that year after refusing to remove their hijabs before kick-off.
Indian-American governors Bobby Jindal and Nikki Haley, as well as an Indian-origin scribe were among those on the receiving end of Donald Trump's barbs on social media, according to a New York Times compilation of people, places and things the Republican has insulted since declaring his bid for presidency.
WNS is all set to list in the US after an initial public offer that has been priced well above the forecasts.
Here's a collection of some of the best photos from around the world shot in the last 24 hours.
After the latest projections in Wisconsin, Biden has 253 electoral college votes as against Trump's 213, making it much difficult for the President to win the polls. The winner of the 2020 presidential election should have at least 270 Electoral College votes out of the 538-member electoral college.
Will it be Rafa versus Djoko in Sunday's final?
It's Donald Trump like he's never been seen before.
Here are some of the best images clicked across the globe in the month of August.
The final will pit power against power when Andreescu takes on her childhood hero Williams, who claimed her first US Open title in 1999 before Andreescu was even born.
Orange soda is what Microsoft giant Bill Gates recently has for his 'think week' sessions.
American drug company Akorn Inc has signed a Letter of Intent with Indian pharmaceutical giant Cipla to develop and supply an oral anti-infective drug in the United States.
Google, the leading Web search engine, is preparing to introduce a powerful file and text software tool for locating information stored on personal computers, a move which would enable it to compete with software giant Microsoft.
A new digital divide is set to separate the haves from the have-nots, with two Internet giants endorsing a system that gives preferential treatment to e-mails sent by paying subscribers.
Invests $1.1 billion in 6 months, against $3.7 billion in 20 years
