In the race for this year's issue of the United States news magazine's award Zuckerberg overtook significant candidates – Afghanistan's president Hamid Karzai, the Chilean miners, the Tea Party and probably the most controversial among the others – Julian Assange, the founder of Wiki Leaks. But Facebook CEO has invited...

US independent medical examinations provider ExamWorks Group Inc (EXAM) said it planned to buy Texas-based MES Group Inc for about $200 million in cash and stock, including USD10m in debt. MES' Veterans Evaluation Services business remains outside the deal. The takeover price comprises USD175m in cash and 1,424,501 ExamWorks shares...

Lionel Messi, Barcelona and Argentina star, became the inaugural winner of the FIFA Ballon d'Or - the FIFA Men's World Player of the Year 2010, at the awards ceremony in Zurich, Switzerland. The award is a fusion of Fifa’s Player of the Year gong, inaugurated in 1991, with France Football...

The brand expands its presence across the UAE, opening new stores in Dubai Marina Mall and Abu Dhabi Mall and increasing its floor space in Dubai Mall Koton, the international fashion brand owned regionally by Landmark International, has recently expanded its presence across the UAE, highlighting the continued profitability of...

A settlement Facebook Inc. agreed with Tyler and Cameron Winklevoss for a package of cash and stock worth about $65 million two years ago, but they have sued to upend the deal, they charge the deception cost them millions and now want more money. In a courtroom in San Francisco,...

Swiss biotechnology company Actelion Ltd. CEO Jean-Paul Clozel believes maintaining independence is the best way to ensure value for the company's shareholders. "We have 10 products in development," and continued pursuit of those drugs, rather than an acquisition by another company, is the "best solution" for shareholders, CEO Jean-Paul Clozel...

Playboy Enterprises Inc (PLA) is seeking $180 million in bank loans to fund its takeover by founder Hugh M. Hefner, include a $20 million revolving line of credit and a $160 million term loan. Playboy’s agreement is with Icon Acquisition Holdings LP, a limited partnership controlled by Hefner. Playboy has...

Intel (INTC) and Nvidia Corp. (NVDA) have reportedly signed and renewed a six-year cross-licensing agreement for accessing each-others silicon related patents. In mid-February 2009, Intel dragged Nvidia to court over a four-year-old cross-licensing agreement. Intel allegedly told Nvidia to cease claiming rights for producing chips to work with Intel's next-generation...

Advanced Micro Devices (AMD), the world's No 2 maker of PC microprocessors behind Intel,  Shares declined 4.35 percent to $8.79 in post market trading on the news that the company's President and CEO Dirk Meyer had resigned and that Thomas Seifert has been named Interim CEO. A letter from the...