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By Amy Pollock Amputees can control their bionic prosthetic limbs with their minds, thanks to tiny implanted myoelectric sensors (IMES) developed by Icelandic orthopedics company Ossur and surgically placed in a patient’s residual muscle tissue. Ossur implanted tiny sensors in the residual muscle tissue of two amputees that they say trigger movement in the prosthesis via a receiver. Ossur President & CEO Jon Sigurdsson was due to announce in Copenhagen
Australian telecommunications firm Telstra Corp Ltd said on Wednesday computer systems at its recently acquired undersea cable company Pacnet Ltd had been hacked, potentially exposing sensitive customer information to theft. Telstra said the corporate information technology network of Pacnet, email and other business management systems of the company, had been accessed by an unauthorized third party several weeks before its $550 million takeover of the firm was completed on April
The $1 trillion that U.S. companies are on track to return to shareholders this year will constitute the market’s entire return in 2015, according to Goldman Sachs.
A new report shows more than 80,000 Americans are employed by Chinese companies, up from 15,000 five years ago. Here’s where those jobs are.
The decline of Hanergy Thin Film Solar Group Ltd. was as spectacular and inexplicable as its ascent. Just 24 minutes of Hong Kong trading erased $18.6 billion of market value and wiped out almost four months of gains that made it more valuable than Sony Corp. of Japan. The maker of solar equipment controlled by Li Hejun suspended trading after the stock plummeted 47 percent in the morning.
Five of the world’s largest banks, including JPMorgan Chase & Co and Citigroup Inc, were fined roughly $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on Wednesday. A fifth bank, UBS AG, will plead guilty to rigging benchmark interest rates, the U.S. Justice Department said. U.S. banks JPMorgan Chase and Citigroup will pay $550 million and $925 million
This afternoon, the minutes from the Fed’s April meeting will be released. Will policy makers be shown downplaying weak first-quarter growth?
Like workers who are underemployed—holding a job but for less pay or fewer hours than they’d like—the plight of the underinsured is often overlooked by policymakers, employers and public health advocates;
Wal-Mart Stores Inc said that it would take a different approach to online growth than Amazon.com Inc by using its large network of stores as distribution points. Wal-Mart’s sluggish quarterly results that were released on Tuesday highlighted the importance of growing its online business.
Former Treasury Secretary Larry Summers tells CNBC he expects the economy to expand at a quicker pace than in the first quarter, but there are challenges.
