British engineers are all set to build a new car that would be able to break the land speed record.
The car Bloodhound, which will be developed in Bristol, will be designed to run faster than 1,000mph.
Bloodhound will be equipped with three engines, a 400kg Eurofighter Typhoon jet engine, rocket engine and a third engine that will pump fuel through to the rocket.
A desert in the Northern Cape of South Africa has been chosen for the trial, which is expected to take place in 2011.
On Monday, ahead of the LA Auto Show, Cadillac introduced to the world its 2011 CTS Coupe, which has been designed to become the centerpiece of the company's revised lineup of luxury sports cars. "Cadillac today unveiled its 2011 CTS Coupe in production form, a week prior to the car's official debut at the 2009 Los Angeles Auto Show. The two-door CTS will arrive in dealerships in spring of 2010, and Cadillac confirms a V-Series edition of the coupe will be released later the same year", reported Edmunds Inside Line.
An upgraded version of the Drobo storage device, the Drobo S, has been launched by parent company Data Robotics, complete with 5 drive slots and an eSATA port. The company claims that the new gadget has the capability of transferring data with up-to 50% more speed than its predecessor, and can survive the failure of up-to 2 of the 5 included drives.
A jury orders has asked Wyeth and Pharmacia & Upjohn Pfizer units to pay over $165 Million in damages to women who contacted cancer after long terms use of the drug manufacturer's Prempro hormone-replacement drug, combination of two hormone medicines actually, as has been confirmed by the lawyers representing the women.
Since 2006, juries have been meeting to settle lawsuits over the the ill-effects of the menopause medicines, and since then, Pfizer's Wyeth subsidiary has been slapped with as many as 5 "bad
Merck & Co Inc's painkiller Vioxx was taken off markets in September of 2004, after the drug was linked to cardiovascular risks. American researchers from the Yale University School of Medicine are now asserting that had the data of how the drug was damaging hearts all across been shared publically, the problems with the medicine could have been detected, and effectively dealt with, at least three years before the drug's call-back happened.
A recent research, which involved over 2,500 subjects, has revealed that men who practice "cover coping", i. e., do not complain about not being treated well at work, are twice more at risk of suffering heart attacks and dying from cardiovascular diseases. The study has asserted that "keeping things bottled up", hikes the chances of suffering from ill-health manifolds.
Beleaguered book chain Borders UK is facing mounting fears that it that it could be forced to call in administrators.
Reports suggest that WHSmith walked away from a takeover deal on Friday, giving a tough blow to hopes of a sale.
High street book chain Borders UK is reported still pursuing discussions with HMV to sell its store portfolio.
The book chain has been facing cut-throat competition from supermarkets and online retailers.
Lloyds Banking Group has plans to axe another 800 jobs following changes at its life, pensions and investment operations.
The latest job-losses will affect its offices in Aylesbury, Buckinghamshire as life insurer Equitable Life is not renewing a 10-year administration contract with the bank.
Equitable Life has signed a new contract with HCL Technologies. The deal will move 340 jobs to HCL. But, HCL has plans to keep only 100 of the 340 existing jobs.
Banks could face eight million refund claims for unauthorized overdraft charges in case they lose a Supreme Court case against the office of fair Trading.
According to the consumer group Which?, about 63 per cent of the 12 million people, who had been hit by the charges since July 2001, have yet not submitted claims to get their money back.
The Consumer group estimated that eight million more people could finally submit claims to get refunds.
Credit rating agency Standard & Poor's has said that most major banks do not have enough capital to comfortably maintain their current ratings and facing risks of further downgrades.
Standard & Poor's released a report on Monday, which compares so called risk-adjusted capital adequacy at 45 of the world's top lenders.
As per S&P's report, Citigroup, UBS, and Mizuho Financial Group are among the banks with the weakest capital.
National Express' biggest shareholder Cosmen family has increased its shareholding ahead of transport group's vote on a rights issue later this month.
Spain's Cosmen family purchased an additional 750,000 shares at 3.596p, raising its stake from 18.5 per cent to 19.5 per cent.
Many experts believe that Cosmen family's concerned move is part of its plan to derail company's rescue rights issue.
National Express had launched a £360 million investor cash-call about two weeks ago with a view to repair its battered balance sheet.
Renowned luxury products firm, PPR has shared that it is looking to sell around 50% its brands to better cope with the current financial crisis and raise some funds. Owned and operated by French media and retail billionaire François-Henri Pinault, the company reported a substantial fall in its sales for the month of October.
The funds raised by the sale of brands will be invested by PPR in more profitable ventures, as has been confirmed by Mr. Pinault, husband of actress Salma Hayek.
Merely days after announcing that most of its netbooks will now be equipped with Ion Graphics, ASUS has unveiled its first ever Eee computer which incorporates NVIDIA's Ion platform and will improve the media capabilities of the device manifolds.
Christened the Eee PC 1201N, the netbook, in addition to Ion, includes a dual-core Intel Atom 330 processor, and is set to offer a memory of either 2GB or 3GB, which will also contribute to increasing its performance. The system will run on the latest Windows 7 operating system.