Author: Admin

Thursday, July 17, 2008 North America’s oldest retailer, Canada’s Hudson’s Bay Company (HBC), will be transferred from one American owner to another. NRDC Equity Partners, LLC, owners of U.S. department store Lord & Taylor, will purchase HBC from the estate of Jerry Zucker, who died in April. In 2006, the fate of HBC was first in doubt when Zucker bought it for $1.1 billion from another American owner. The businessman wanted to convert The Bay into a more upscale department-store chain. Zucker had also begun remodeling the company’s Zellers chain…

Monday, July 2, 2007 Performances by Sir Elton John and the English National Ballet featured in the Concert for Diana, held in Wembley Stadium, London on Sunday to commemorate the late Diana, Princess of Wales life on what would have been her 46th birthday. As a result of the terror attacks in the United Kingdom on the days prior to the event, heightened security precautions were in force, with a high police presence around the venue, and bag searches taking place. Despite the security fears, over 63,000 attended the concert.…

Thursday, May 25, 2006 A Pakistani immigrant was convicted on Wednesday of plotting to blow up a New York City subway station in a case that shed light on police investigation tactics since the Sept 11 attacks. Shahawar Matin Siraj, faces a maximum life sentence after a Brooklyn federal court jury convicted him of conspiring to place and detonate an explosive on the city’s mass transit system. Siraj, 23, was arrested on the eve of the 2004 Republican National Convention on charges he planned to attack a subway station in…

Friday, March 9, 2007 IBM and Cisco have announced the development of a new platform, based on Eclipse and OSGi (Open Services Gateway initiative), which should unite all communication and collaboration software developers under a single platform. Before the UC2 (Unified Communication and Collaboration) the unified communication has suffered because of a lack of a platform to be used by all software developers, rather than a series of them and, moreover, provided by different vendors. According to Adam Gartenberg from IBM Lotus Software Group this was the main cause for…

Thursday, December 3, 2009 With two federal by-elections coming up in Australia, many minor parties and independents will be looking to gain a seat in the House of Representatives. Goronwy Price is a candidate representing the Environmentalists for Nuclear Energy party. Mr Price is an environmentalist, adventurer and businessman from the Sydney suburb of Cremorne. “In 1975 I founded the adventure travel company World Expeditions and built it to be the world’s largest adventure organisation. I am currently Managing Director of Learningportal.com a successful software company I founded in 1997.…

Sunday, June 28, 2020 Last month, a study conducted by archæologist Dr. Naomi Martisius and other researchers concluded Neanderthals living in Europe tens of thousands of years ago were more sophisticated than previously thought. The now-extinct species used to carefully select bones from a particular animal species to manufacture their bone tools, the research showed. The research was published on May 8 in Nature’s Scientific Reports journal. Dr Martisius and her team used five bone tools discovered from Neanderthals’ sites in southwest France for this research. Four of these bone…

Thursday, September 21, 2017 On Monday night, New Jersey, US-based toy retail giant Toys R Us filed for bankruptcy in the US as well as in Canada. The retailer filed it from Richmond, Virginia for Chapter 11 bankruptcy code in the US, and a judge allowed a loan of over US$2 billion. According to the filing, the retail chain owns US$6.6 billion in assets, but has a debt of US$7.9 billion. They were under a roughly US$5 billion debt since the company underwent a three-way acquisition in 2005. Kohlberg Kravis…