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Mont Blanc thrives in China

Till a couple of years ago, the largest market for luxury brand Mont Blanc was the United States. Then in 2008, China sped by and till date remains the pen and watch company's largest market.

Fly to space with Boeing in 2015

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You just have wait till 2015 for a trip into the space, as US aerospace giant Boeing and Space Adventure have tied up to put tourists into low-level orbit in a futuristic capsule.
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Clinton unveils U.S. funds for clean cookstove push

Secretary of State Hillary Clinton announced on Tuesday a U.S. contribution of some $50 million toward providing clean cooking stoves in developing countries to reduce deaths from smoke inhalation and fight climate change.
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Housing starts at 4-month high

Groundbreaking for new U.S. homes jumped in August to a four-month high, a tentative sign of stability in the housing market after steep declines brought by the end of a homebuyer tax credit.
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Bill to shorten short sale modus operandi

As homeowners and real estate agents continue to whine about how long a short sale process takes, US Congressmen are planning to move a bill that would require lenders to respond within 45 days
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SAIC approached GM about IPO stake: sources

China's top automaker SAIC Motor Corp has reached out to General Motors Co GM.UL to explore the prospect of taking a stake in the automaker when it goes public this fall, four people with knowledge of the matter said.
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Daimler, truckmakers see enormous growth this year

Europe's truckmakers anticipate profits will rebound faster than expected in 2010, thanks to emerging markets where enormous growth rates pushed aside painful memories of the industry's worst ever slump.
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UAW aims to share in auto turnaround profit

The United Auto Workers union will aim to ensure that its members share in General Motors GM.UL, Ford Motor Co (F.N) and Chrysler profits in contract talks next year, President Bob King said on Monday.
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UAW chief to meet Fiat CEO and Italian suppliers

Senior officials from the United Auto Workers union will travel to Italy next week for a meeting with Fiat SpA (FIA.MI) Chief Executive Sergio Marchionne and a pitch to bring jobs to the United States for its suppliers.
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More doctors moving to e-prescriptions

U.S. doctors increasingly are ditching pen and paper and sending prescriptions to pharmacies electronically, lured by up to $27 billion in government funds aimed at speeding the switch to electronic medical records.
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Biotech salmon leaves many questions

The first genetically modified animal aimed at consumers' dinner plates faces an uncertain future following a federal advisory panel on Monday that gave a mixed assessment on whether such food -- a salmon -- is safe to eat.
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Democrats unveil global drug safety bill

U.S. inspections of overseas pharmaceutical plants would increase and regulators would gain new recall power under proposals unveiled by Democrats in the House of Representatives on Monday.
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Biotech salmon faces scrutiny at FDA panel

The first genetically modified animal could move one step closer to U.S. dinner tables on Monday, when a federal advisory panel recommends whether such food -- a salmon -- is safe to eat.
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Report says over five million kids are uninsured

A new report by the Washington-based Urban Institute Health Policy Center has said that an estimated 5 million uninsured children in the United States who were eligible for Medicaid or the Children's Health Insurance Program (CHIP)
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A dose of vitamin D can control asthma, and Parkinson’s disease

We all know that sunlight can help our body generate vitamin D which a vital nutrient to ward off asthma and Parkinson's diseases later in life. A 60-year study by US researchers finds that vitamin D added to an asthma action plan may improve asthma control.

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