Blockbuster once the premier movie rental company in the U.S. and UK, filed bankruptcy protection on Thursday, suffering from growing losses, rising debt and new competitors that are better equipped catered to the worlds internet fuelled media habits. Blockbuster will continue to operate its 3,300 U.S. stores, although it is expected that hundreds of them [...]
Adobe, the maker of Photoshop software, should have build on its post-recessionary good results with the up to date release of its Creative Suite software. That includes the flagship photo-editing package with Illustrator, Flash and others. But low sales to the U.S. education sector and in Japan mean the current quarter will miss expectations. Creative [...]
Called “Frankenfish” by Alaska Senator Mark Begich, AquaBounty Technologies’ salmon are set to become the first genetically-engineered animals to enter the American food supply. Though the FDA has said these salmon, sold under the name AquAdvantage, to be safe for human consumption, many senior scientists have called the science used to satisfy the FDA’s decision [...]
BP stated on yesterday that the well is finally sealed after five months. The Deepwater Horizon oil disaster has caused misery to communities and wild life in the gulf coast area. So while this is good news, the results of the spill are still present throughout the Gulf. Many are still concerned about the eco-system [...]
IBM has agreed to purchase Netezza Corp,a data specialist, the deal is worth around $1.7 billion, IBM is attempting to expands it analytics business. The deal is the latest in the cloud-computing sector, after the recent bidding war between Hewlett-Packard Co. and Dell Inc. for 3Par Inc. Large technology companies are trying to build their [...]
The Michigan Public Service Commission approved largest contract to buy renewable energy which means an increase of more than 4 percent to its renewable energy portfolio. The approved 20-year agreement provides a $1.1 billion commitment that will allow Invenergy Wind to install and operate a 30,000-acre wind farm near Breckenridge in Gratiot County which provides [...]
The placement is in association with AfID (Accounting for International Development). AfID is an initiative which encourages accountants to help charities and non-governmental projects in Africa & Asia to set up robust accounting and financial controls. This helps reassure donors that money is being spent wisely and resources are being used appropriately. Eileen Goff, Director [...]
A latest biotech company in Scotland will concentrate its research in the field of synthetic biology. Dr. Michael Roberts acquired the patent for Synpromics who serves as managing director and founder of the company. According to Dr. Roberts, “This is a very exciting time for Synpromics. It is the realization of several years work and [...]
– bluQube, a leading vendor of financial management software and title sponsor for Katie Miller, one of the UK’s most promising young solo sailors, is proud to have supported Katie in her recent solo Channel Week campaign, sailing bluQube, a Beneteau Figaro II. The race, an annual event organised by the Solo Offshore Racing Club [...]
Barclays Bank has announced that Bob Diamond is moving up from President to CEO from next March. Diamond has forged most of his career in investment, rather than retail, banking. The American now aged 59, has run Barclays Capital for the last 13 years. Barclays led by its soon to be ex-chief executive, John Varley [...]