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|Washington's cherry blossoms bloom despite cold snap - |
A mild winter followed by a spate of cold weather in Washington, made its mark on the city’s cherry blossoms, but the annual festival delighted first-time visitors on Sunday. The cherry blossom trees were a gift from Japan to the United States in 1912. The cherry blossom trees currently grow in three National Park Service locations, including the Tidal Basin, Hains Point and on the Washington Monument grounds.
|Archaeologists Reconstruct Face of Medieval Man Who Died 700 Years Ago - |
The medieval man was buried along with hundreds of others in a graveyard underneath what is now the Old Divinity School building of St. John's College at the University of Cambridge, in the United Kingdom. By studying his remains and piecing together his facial features and biological history, archeologists said they hope to understand the lives of anonymous poor people in the 13th century. "Most historical records are about well-off people and especially their financial and legal transactions," study lead researcher John Robb, a professor of archaeology at the University of Cambridge, said in a statement.
|EU clears merger of US chemicals giants Dow and DuPont - |
The EU on Monday approved a $130 billion mega-merger of US agro-chemicals giants Dow Chemical and DuPont, paving the way for major consolidation in a sensitive sector for farmers and the environment. The decision by antitrust regulators was subject to Dupont selling "major parts" of its global pesticides business, said the European Commission, the EU's executive arm. "Due to significant commitments on products and the worldwide research and development organisation, the merger of Dow and Dupont can be approved," EU Competition Commissioner Margrethe Vestager said.
|Activist hedge funds press Tangoe to sell itself: sources - |
Two activist hedge funds are pressing directors of Tangoe Inc. to sell the company, according to people familiar with the matter, citing a weakness in the IT company's business and falling stock price. Ancora Advisors and Engine Capital sent a letter to the company's board of directors last week urging the company to resist the temptation to remain independent, and to do everything possible to seek a buyer, sources said. Tangoe's stock is currently trading at $5.04 per share and its market value is around $200 million.
|Dubai's Emaar Malls rivals Amazon with $800m Souq.com bid - |
Dubai's Emaar Malls has offered $800 million to buy Souq.com, the Middle East's largest online retailer, it said Monday, challenging a reported offer by global giant Amazon. "Emaar Malls has submitted a bid of $800 million (736 million euros) for Souq.com in line with the strategy to align e-commerce with physical shopping," Emaar Malls said in a statement. Amazon, which walked away from talks with Souq.com earlier this year, had offered up to $650 million (600 million euros) for the company, according to Bloomberg.