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China National Chemical Corp announced its plan of buying Pirelli, the world’s fifth largest tire maker, through a 7.1 billion euro ($7.7 billion) deal.

This deal with Italy's tire manufacturing industry shareholders on Sunday is the latest in a string of takeovers in Italy by Chinese buyers.

It is said that the cash-rich Chinese buyers are taking advantage of a weak euro just as signs emerge that Europe is coming out of economic stagnation.

The deal will give state-owned ChemChina, led by acquisitive chairman Ren Jianxin, an access to technology to make premium tires. Also, the deal will give the Italian firm a boost in the huge Chinese market.

People across America, who are cash-strapped, anxious for tax refunds have been turning to costly services like payment advances and prepaid cards when it comes about getting tax preparation help, as per new federal data raising concerns among regulators about whether customers have information about the fees.

Regulators across the country have been planning to increase oversight of tax preparers in the middle of rise in ‘refund anticipation checks’, which is famous among low-income families who receive federal government’s $65 billion cash benefit program, Earned Income Tax Credit. The advances like ‘refund anticipation checks’ have been marketed as a method to fast and easy refunds.

Researchers from the University of Texas El Paso (UTEP) and at the University of Central Florida (UCF) unveiled that they have developed a device, which can guide light beams around tighter curves. In this process, the integrity and intensity of beam remains intact.

The research published in the journal Optics Express has revealed about a new way to transmit data on an electronic circuit boards using light in a more effective manner.

Not sending information on electrical signals but on light beams, the data was able to be transmitted thousands of times more rapidly. But the researchers also added that problems are faced when it comes to controlling the light beams without losing their energy.

Air Force bombers aren’t flying over the Grand Forks Air Force Base anymore, but a buzz is being created by drones, say backers of the first unmanned aircraft business park in the US. The Grand Sky grounds will start witnessing the construction during May.

U.S.-based and international companies have already started applying for position in the 1.2 million-square-foot park, which is near the former alert pad where bombers and tankers were poised for takeoff on a moment's notice.

Testing of unmanned aircraft in North Dakota makes it one of six sites to do so. Research is on to develop drones for a wide range of applications, like farming, law enforcement, energy, infrastructure management, public safety, coastal security, military training, search and rescue and disaster response.

On Sunday morning, a move to transport 100 bison to a new home started at the Wildlife Conservation Center in Portage.

Over the next few days, the bison will be placed in specially made crates at the center and then they will be flown to the village of Shageluk in Western Alaska. There was a time when these animals used to freely roam in Alaska, but 150 years back, they became extinct, said the Alaska Department of Fish and Game’s Cathie Harms.

Now, an effort is being made to bring them back that were present in the state for thousands of years. “And the really exciting thing is, in the United States, this is the last big species we lost in the 1800s that we can bring back. And it’s pretty cool from a conservation project standpoint”, said Harms.

A new study has found that number of cases of diabetes identified among poor Americans have increased in the states that expanded their Medicaid programs under the Affordable Care Act (ACA). The numbers have not surged in states that did not embrace ACA, as per the study.

The study also suggested that the health care law could be helping many people get earlier treatment for diseases that are among the country’s costliest medical conditions.

According to reports, one in ten people in the United States have diabetes, and about one third of the diabetes cases have not been diagnosed. According to medical experts, it is important to treat the disease as it could cause heart attacks, blindness, kidney failure and foot amputations if not treated at time.