A senior official of the Pentagon told Reuters that the US government would be in danger to defaulting weapons contract payments should they halt Egyptian aid.
Investors
Pimco's Total Return Fund loses USD 41 billion in four months- Morningstar
Morningstar reported Pimpco's Total Return Fund took a USD 41 billion hit in the last four months.
US jobs and service sector data suggest Fed could slow down soon
US jobs and service sector data indicated Thursday that the US Federal Reserve would be slowing its bond buying program down soon.
Aficionados say potential of the smartwatch is huge- Insight
Fans of wearable devices said there is a huge market potential for the smartwatch. According to Reuters, a smartwatch is a device that could be revolutionary like the smartphone.
Microsoft's record of deals patchy at best- Factbox
Reuters Factbox showed Microsoft's acquisitions and investments over the years had not been very lucrative for the company.
Latest News
In an interview, Gabriele Galateri, Telecom Italia's director, sees the need for the consolidation of the European telecommunications industry.
The USD 130 billion price tag for the recently-concluded deal between Verizon and Vodafone was agreed over an exercise session and breakfast between the firms' two CEOs.
According to tycoon Naguib Sawiris, he is interested in purchasing a stake in Telecom Italia but may opt not to in light of the Italian press' preference for Telefonica.
Global cruise operator Carnival Corporation & plc would be investing USD180 million from its own capital in "scrubber technology" to comply with the air emission standards of the US Environmental Protection Agency (EPA).
A new set of bidding guidelines will be utilized for the newest ultra mega power projects for the next decade.
Serena Williams routed Li Na to reach the US Open Finals this Sunday. Serena Williams breezed through the semifinals of this year's US Open. In the first game today, she defeated Li Na, 6-0, 6-3, despite the latter's heroic effort near the end of the match.
Good Morning America unveiled the rules for its "ROAR with Katy Perry" contest. Good Morning America announced the rules for their recently-launched "ROAR With Katy Perry" Contest on their website.
Generali Chairman Gabriele Galateri told Reuters in an interview that the company would be selling its stake in Telecom Italia depending on the decision made during the Italian phone company's shareholders meeting.
Private equity firm LDC would be expecting a windfall from the recent sale of energy management group Matrix and its parent company Green Sky Energy to German energy company E.ON.
