TopNews

Catch limits for New England cod that are all set to come into effect this week on May 1 will take a big bite out of an industry that dates back to America’s colonial past.

The strict quota on cod taken from the Gulf of Maine will also affect the catch of other similar fish, which means that New England fishermen and seafood dealers would have a scanty supply and will charge a high price for several popular fish.

It has been reported that the New England Fishery Management Council in previous year voted to reduce the total allowable Gulf of Maine cod catch limit from 1,550 to 386 metric tons.

As per conservationists, these strict rules are very necessary to save cod from commercial extinction.

It has been almost five months since the shooting of 12-year-old Tamir Rice, who was fatally shot by Cleveland police Officer Timothy Loehmann.

The Cuyahoga County Sheriff's Department and the Bureau of Criminal investigations on Sunday, returned back to the site to recreate the November 22nd scenario outside the recreation center.

It was found that several vans from the Ohio Bureau of Criminal investigation arrived at the Cudell Recreation Center about 9 am on Sunday.

Sheriff’s deputies sealed the area with yellow caution tape, and placed cruisers at every entrance. The investigators cleared the area by 2:30 pm, said sources.

Chipotle Mexican Grill Inc. said that its food is now free from genetically modified organisms (GMO). For more than two years, the major restaurant chain, which has 1,831 restaurants, has been working to eliminate ingredients made with GMOs.

These include corn, soybeans and other crops whose DNA is altered to make them pest-resistant. The company had said it had earlier expected that this would happen by the end of 2014. However, the transition took a little longer.

Chipotle has become the first restaurant to remove GMO from its foods amid growing US consumer questions about the agricultural technology.

The Food and Drug Administration (FDA) has approved a number of genetically modified crops, which are considered to be safe by many science groups.

On Monday, the largest European technology-services provider Capgemini announced that it has agreed to buy iGate Corporation for about $4 billion to boost its presence in the North American market.

The offer has been approved by both companies’ boards and the majority of iGate’s investors.

Under the deal, Capgemini said that it had offered $48 for every share of iGate.

The investors of iGate will receive $48 a share in the transaction, which has been agreed by most of its shareholders. The deal represents a 4.7% premium on iGate’s closing share price on Friday.

Capgemini’s chief executive, Paul Hermelin said, “IGate is a leading company that perfectly fits our strategic ambition.It will give us a new status on the American market".

German banking and financial services company Deutsche Bank has planned to reduce annual costs by about 3.5 billion euros. In addition, the bank has decided to cut back its ownership in the Postbank consumer unit.

In a statement on Monday, the company headquartered in the Deutsche Bank Twin Towers in Frankfurt stated that the bank has targeted to achieve a return on tangible equity of about 10% in the medium term. As per plan, the company will reduce its local presence and number of countries by about 15% by 2020.

Federal Communications Commission (FCC) officials joined lawyers at the Justice Department who have been opposing the merger deal of mass media company Comcast Corporation and telecommunications company Time Warner Cable Inc.

According to an individual familiar with the matter, representatives of the companies were told that FCC officials found the merger between the two biggest United States cable companies will not help consumers as the discussions are not public. As per reports of Bloomberg News, Justice Department staff has been bending against the deal.