Author Archive

Usage of bisphosphonate causing thigh bone fracture negated by FDA »

The Food and Drug Administration stated that there was no connection between bisphosphonate osteoporosis medications and fractures in the thigh. Bisphosphonate belongs to a type of medication that is given to avoid any form of fractures especially in women going through menopause.

Fall in House Prices »

Another decelerating view in the housing market was witnessed with the fall of 1.5% in the prices of the houses in February.

Bank risks still a threat to economy, says Wen Jiabao »

Wen Jiabao has warned China of the latent risks of banks. According to him, the domestic economy of the country is still facing constant threats and much of these are because of the high risk levels in banks.
Surplus capacity in the manufacturing industry and weak support from rural-income growth in the country is also becoming [...]

Ciena posts bigger loss in first quarter »

Ciena Corporation, the telecommunications equipment maker, posted bigger loss in the first quarter of fiscal 2010. The company released its quarterly results on Thursday. The company said that the bigger loss in the first quarter was mainly attributable to the purchase of assets from bankrupt Canadian networker Nortel Networks.
In the first quarter, Ciena posted [...]

Senators move ahead on consumer protection agency »

Some sort of a broad agreement has been reached between Christopher Dodd – Chairman, Senate Banking Committee and Republican Senator Bob Corker on the issue of creating an independent consumer grievances cell that will also have the authority to write rules. The idea which was floated by President Obama in June last year, if implemented [...]

Standard Chartered beats Profit estimates, defends bonuses payment »

Standard Chartered Plc – the British bank headquartered in London said its full-year profit increased as economy activity in the Asia picked up. Net income stood at $3.38 billion in 2009, from a $3.24 billion in 2008, an increase of 4.3 per cent and the banks’ corporate and retail performance is off to a good [...]

LG’s pricey way to communicate »

LG’s Watch phone is the latest buzz among all the corporate leaders and established entrepreneurs who want everything in time without a losing touch with others.
It’s a stylish offering that boasts of sharp features adding a lot of glamour to the user’s personality. This latest innovation allows convenient communication along with classy Bluetooth headset, claiming [...]

African Mi-Fone now in India »

While Indian players like Bharti, NIIT et al are very bullish on their African plans, the traffic is also very high from the other end.
Notably, the company has now targeted the Indian market as the next phase of growth with its ‘Mi-Family’ handsets.
Mi-Fone family members include a brand of Mi-Q which has brand line extension [...]

Adani Enterprises’ Managing Director arrested »

Rajesh Adani, MD, Adani Enterprises, a part of the Rs. 26000 crore Adani Group has been arrested by the Central Bureau of Investigation (CBI) on the charges of evading customs duty amounting to the tune of Rs. 8 million. CBI has accused Adani of not paying the customs duty on importing naptha and furnace oil. [...]

Fifth Edition of DSM Released »

Last week, the American Psychiatric Association is reported to issue the first draft of the fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, or the DSM. The most recent revision of the DSM was initiated in 1994, and although the DSM-V has been released, it is not scheduled to go to press [...]