Posted In: London, architecture, The Shard
Europe's tallest skyscraper is opening today on the south bank of the Thames River. It's called the Shard -- as in a shard of glass -- and it's more than a thousand feet tall. But the real challenge wasn't just building it; they also need to find a way to fill it up.
Posted In: Health, Mergers and Acquisitions, Science
French pharmaceutical company Sanofi-Aventis will pay more than $20.1 billion for U.S. biotech firm Genzyme. Sanofi will pay $74 per Genzyme share once the deal closes in the second quarter of 2011.
Last week, Finnish cell phone maker Nokia announced a partnership with Microsoft on its new smart phone. But according to a report from Reuters, the alliance could cost most than 5,000 Finnish research and development jobs.
After Hosni Mubarak's resignation, Switzerland froze the deposed leader's assets in the country. Now, as experts prepare to assess Mubarak's purported hidden wealth, Switzerland and the U.K. are encouraging other countries to do the same.
Last year, the British treasury tree cost $1,400. This year, the UK finance minister tried to cut that cost, and met resistance.
They are the most British of British institutions -- but pub owners say they are being hit from two directions: the global economic slowdown means people are buying fewer drinks -- and the housing collapse has reduced property values.
Posted In: Oil
The company that owned the oil rig which exploded in the Gulf of Mexico, leading to the BP oil disaster, had a near miss in Europe just four months before.