LOUISVILLE, Colo., Aug 23, 2012 (BUSINESS WIRE) -- Sierra Nevada Corporation (SNC) is pleased to announce that the company's Dream Chaser(R) Space System has successfully completed its first milestone as part of NASA's Commercial Crew Integrated Capability (CCiCap) initiative. SNC presented NASA with a complete Program Implementation Plan Review, detailing the design, development, system testing, evaluation, risk reduction activities and flight testing of all systems planned for the 21-month base and optional agreement period.
(Reuters)—Dubai Group has sold its Turkish insurance arm to a company owned by Maurice R. Greenberg, former CEO of American International Group Inc., and a unit of Dubai lender Mashreq Bank as the state investment firm looks to cut its debt pile. Oman Insurance Co., the Mashreq unit, said on Tuesday it had bought a 51% stake in Dubai Group Sigorta, an insurance company based in Istanbul that does nonlife insurance business. The remaining 49% was acquired by Starr Insurance & Reinsurance Ltd., part of Mr. Greenberg's Starr International Co., OIC said. No financial details of the transaction were provided.
We have received confirmation that Rocket is launching Jumia, an Amazon clone, in Egypt, extending a site initially launched in Nigeria that has also launched in Morocco. The brand, which was rebranded from Kasuwa due to local copyright infringement, will sell electronics, books, and a variety of consumer goods in Africa. Kasuwa's launch in Nigeria in June follows Rocket's closure of earlier e-commerce site Kalahari in October 2011.
NEW YORK (KABC) -- "The Dr. Oz Show" is gearing up for a very special guest: first lady Michelle Obama. The first lady will tape an appearance that will air on Sept. 14. She will discuss a new part of her "Let's Move!" campaign and the Presidential Youth Fitness Program. The show's host, Dr. Mehmet Oz, says he is honored the first lady chose to be a guest. The new season of "The Dr. Oz Show" starts next month on ABC7.
