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Business News

Location American Business News for 1 July 2013
Hundreds Of Green Laser Pointers Dazzle Egyptian Military Helicopter During Protests The following video is impressive. It shows the effect of hundreds of green laser pointers on an Egyptian chopper (possibly an Mi-8/17 Hip) during the anti-Morsi protests in Tahrir Square, Cairo, Egypt on Jun. 30, 2013. ...
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The Bloody Battle In Homs Is The Most Important Fight In Syria's Civil War President Bashar al-Assad's forces pounded Sunni Muslim rebels in the city of Homs with artillery and from the air on Sunday, the second day of an offensive to expand loyalist control over Syria's strategic centre, activ...
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Big Upturn In French PMI

Business Insider - 1 Jul 2013 09:52
Big Upturn In French PMI So far, all of the big European PMI readings have been strong. France has jumped to 48.4 from 46.4 last month. From Markit Join the conversation about this story
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At Least 19 Injured As Supercar Crashes Into Crowd At A Polish Rally At least 19 people were injured at a Polish car rally on Sunday after a luxury sports car lost control and crashed into a crowd of spectators. The Koenigsegg CCX was being driven on a straightaway at the Gran Turismo Pol...
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Slice of ABN Thrives in Netherlands

Wall Street Journal - 1 Jul 2013 03:32
The ghosts of ABN Amro are still haunting Europe's banking industry. But in the Netherlands, a remnant of the Dutch lender is enjoying a surprising resurrection under the aegis of the Dutch government.
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NEW YORK (AP) -- Zynga's CEO, Mark Pincus, is stepping down to be replaced by Don Mattrick, the head of Microsoft's Xbox business, as the troubled online game company looks to revive its business and stalled stock price.
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6 Celebrity Endorsement Deals We'd Love To See

Business Insider - 1 Jul 2013 23:50
6 Celebrity Endorsement Deals We'd Love To See Earlier today, we took a look at some hot celebrities making a quick buck by endorsing brands. The perfect example: Pop diva Beyonce's monster deal with Pepsi (PEP). But let's be honest -- celebrity endorsements are ofte...
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A new TV ad campaign from Salem Five bank features an animated version of Red Sox star Dustin Pedroia. The campaign's message? Salem Five is as passionate about banking as Pedroia is about baseball. The campaign was crea...
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Muthoot Finance applies for banking licence

livemint.com - 1 Jul 2013 10:33
Muthoot Finance applies for banking licence Muthoot Finance shares jump as much as 7% after the announcement
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Brent drops below $102 on weak Chinese factory data

livemint.com - 1 Jul 2013 07:11
Brent drops below $102 on weak Chinese factory data China PMI slows in June, confirms Q2 economic growth slowdown
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(Reuters) - Private equity firms Blackstone and Lion Capital have teamed up to make a formal bid worth more than a billion pounds for Lucozade and Ribena, the two soft drink brands put up for sale by drugmaker GlaxoSmith...
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ROME (AP) -- The director of the embattled Vatican bank and his deputy resigned Monday, the latest heads to roll in a broadening finance scandal that has already landed one Vatican monsignor in prison and added urgency t...
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The Foreigners That Own Your Fave Brands

Forbes - 1 Jul 2013 23:58
The Foreigners That Own Your Fave Brands Companies from China to Mexico are buying up a piece of Americana. They're not stopping there. A look at some of the emerging nation firms running some of the biggest brands in business.
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SEC: Illegal stock trades before Dow-Rohm '08 deal

Miami Herald - 1 Jul 2013 23:54
Federal regulators say an executive at Michigan-based Dow Chemical tipped a Texas pal about the company's 2008 takeover of Rohm & Haas.
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Top Apps Grab Twice As Much Revenue On Apple's App Store Versus Google Play Mobile Insights is a daily newsletter from BI Intelligence that collects and delivers the top mobile industry news. It is delivered first thing every morning exclusively to BI Intelligence subscribers. Apple Retains Its ...
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Zynga Inc. shares jump after hours Monday adding to 10% gain on the day after the social-media games company confirms it replaced its founder Marc Pincus as chief executive.
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Bebo bargain: After selling to AOL for $850M in 2008, founders buy it back for ... $1M AOL bought Bebo in 2008 for $850 million in cash. After five years of failures and losses, Bebo's founder buys it back for a meager $1M to "reinvent" the site for fun.
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Companies That Pay CEOs More Than Uncle Sam A new report from the Institute for Policy Studies finds that 25 U.S. corporations paid more in compensation to their chief executives than in federal income taxes in 2010
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IT'S HAPPENING: Banks Are Ditching Switzerland For Finally Cracking Down On Secrecy Switzerland -- long famous for storing money and not asking any questions -- has been beefing up scrutiny on banks enjoying shelter in the Alpine paradise's lax regulatory structure, Businessweek reports. And foreign pri...
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Microsoft's Xbox chief leaving to head Zynga

NBC News - 1 Jul 2013 23:45
Executive Don Mattrick, who unveiled the Xbox One in May, is leaving Microsoft to head Zynga, the struggling online social gaming company best known for FarmVille.
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Skype for Android takes some cues from Windows Phone Skype for Android now looks a whole lot like Skype for Windows Phone.
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Yahoo bets big on fantasy sports, acquires one-man startup Bignoggins Bignoggins helps people manage multiple fantasy sports teams from one app. The startup has never hired any employees or taken outside funding.
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