Author: Biz India

BREAKING: US Ambassador to Libya killed in Benghazi

BREAKING: US Ambassador to Libya killed in Benghazi

Posted by | Sep 12, 2012 | , , ,

By: BBC The US ambassador to Libya is among four Americans killed in an attack on the US consulate in Benghazi, President Barack Obama has confirmed. Unidentified armed men stormed the grounds overnight amid uproar among Muslims over a US-produced film said to insult the Prophet Muhammad. They shot at buildings and threw handmade bombs into the compound. It has not been confirmed how the ambassador, J Christopher Stevens, and the others died. Protesters against the film also attacked the US embassy in Cairo on Tuesday night. The Afghan government gave orders for the video-sharing website Youtube to be...

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Apple’s Big Day

Apple’s Big Day

Posted by | Sep 12, 2012 | , , , , ,

By: CNN Money/Fortune There’s a lot riding on the announcement Apple (AAPL) is scheduled make in San Francisco today at 10 a.m. Pacific (1 p.m. Eastern). If you don’t count the iPhone 4S (and most analysts don’t), it’s been more than two years since the company offered a major upgrade to its most important product — the one that generates more than half of Apple’s revenues and is almost single-handedly responsible for the stock’s 600% growth over the past five and a half years. Much has changed since the iPhone 4 was unveiled in June 2010. Steve Jobs is...

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No longer a need to ‘stow your electronic devices’ – American Airlines becomes first FAA-friendly carrier to use iPads through whole flights

No longer a need to ‘stow your electronic devices’ – American Airlines becomes first FAA-friendly carrier to use iPads through whole flights

Posted by | Sep 12, 2012 | , ,

By: Jon Fingas, Engadget You don’t have to wait for an FAA rethink to use your iPad on an airliner below 10,000 feet — if you’re part of an American Airlines crew, that is. As of this month, the air carrier is the first cleared by the FAA to use iPads in the cockpit at every point during a flight. The program starts just with Boeing 777 pilots at first, but it should eventually grow to save $1.2 million in weight-related fuel costs per year across the airline, not to mention a few trees and the strain of 35-pound...

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First Look: Shah Rukh Khan’s ‘Jab Tak Hai Jaan’

First Look: Shah Rukh Khan’s ‘Jab Tak Hai Jaan’

Posted by | Sep 11, 2012 | ,

By: MSN Entertainment ‘Jab Tak Hai Jaan’ will be released on November 13 Filmmaker Yash Chopra has finally locked a name for his new directorial. The Shah Rukh Khan, Katrina Kaif and Anushka Sharma-starrer love triangle is titled ‘Jab Tak Hai Jaan’. The title seems to have been inspired from a song of the same name from the 1975 hit film ‘Sholay’. The official announcement of the title was made Tuesday, following months of speculation that it would be called ‘London Ishq’ or ‘Yaara Silli Silli’. ‘Jab Tak Hai Jaan’ marks the directorial comeback of Chopra, who last helmed...

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Morgan Stanley and Citigroup Reach Agreement for Full Purchase of MSSB, and Related Deposits, by June 2015 at a $13.5 Billion Valuation

Morgan Stanley and Citigroup Reach Agreement for Full Purchase of MSSB, and Related Deposits, by June 2015 at a $13.5 Billion Valuation

Posted by | Sep 11, 2012 | , , , ,

By: Morgan Stanley Press Release Morgan Stanley (NYSE: MS) and Citigroup  (NYSE: C) today announced that they have reached agreement for Morgan Stanley to purchase Citi’s 14 percent stake in Morgan Stanley Smith Barney Holdings LLC (MSSB), together with the transfer of approximately $5.5 billion of deposits at no premium, at an implied 100 percent valuation of $13.5 billion. In addition, subject to obtaining the required regulatory approval, Morgan Stanley and Citi have reached agreement with respect to the purchase of Citi’s remaining 35 percent stake in MSSB, inclusive of related deposits of approximately $48 billion, no later than June...

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