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Showing posts with the label loss

Solar plane lands in New York City

A solar-powered airplane finished crossing the United States on Saturday, landing in New York City after flying over the Statue of Liberty during its historic bid to circle the globe, the project team said.  The spindly, single-seat experimental aircraft, dubbed Solar Impulse 2, arrived at New York's John F. Kennedy International Airport at about 4 a.m. local time after it took off about five hours beforehand at Lehigh Valley International Airport in Pennsylvania, the team reported on the airplane's website.  Such a pleasure to land in New York! For the 14th time we celebrate sustainability," said the project's co-founder Andre Borschberg on Twitter after flying over the city and the Statue of Liberty during the 14th leg of the trip around the globe. The Swiss team flying the aircraft in a campaign to build support for clean energy technologies hopes eventually to complete its circumnavigation in Abu Dhabi, where the journey began in March 2015. The solar cr...

Japanese conglomerate Toshiba has a record 550bn yen ($4.5bn) annual loss and cut 6,800 jobs

The company, whose activities range from laptops to TVs to nuclear energy, is shedding the jobs in its consumer electronics division.  News of the predicted losses sent shares in Toshiba down by nearly 10%.  The restructuring comes after Toshiba admitted earlier this year that it had overstated profits for six years.  The scandal led to the resignation of Toshiba's president and vice-president. Masashi Muromachi took over as chief executive and president from previous president Hisao Tanaka.  As part of its restructuring, Toshiba will sell its TV and washing machine manufacturing plant in Indonesia to Hong Kong-based TV maker Skyworth for about 3bn yen. It is also looking for investors for its healthcare business. The 6,800 job cuts will go in its Lifestyle division, essentially its consumer electronics business, and Toshiba said the cuts would be made by March 2016.  A number of jobs will be lost by offering early retirement to those employed in Japa...

Weight loss surgery cures half of patients with type-2 diabetes

Weight loss surgery cures half of patients with type-2 diabetes, for at least five years, a study suggests.  The trial, on 60 people, published in the Lancet, found none of those with type 2 had been cured by medication and diet alone.  The surgery improves symptoms both through weight loss and by changing the way the gut functions.  Experts said the results were "remarkable" and that too few people were getting access to the surgery.  The team, at King's College London and the Universita Cattolica in Rome, compared standard drug therapy with surgery to rewire the digestive tract.  The operations reduced the size of the stomach and left less of the intestines exposed to food. Prof Francesco Rubino, who operated on the patients, told   "Surgery is able to produce prolonged remission in 50% of cases, patients get to levels of blood sugar that is non-diabetes for five years. However, 80% who had surgery were able to maintain 'optimal control' [...