Business News
Hundreds Of Green Laser Pointers Dazzle Egyptian Military Helicopter During Protests
Business Insider - 1 Jul 2013 16:10
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. ...
The Bloody Battle In Homs Is The Most Important Fight In Syria's Civil War
Business Insider - 1 Jul 2013 12:26
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...
Big Upturn In French PMI
Business Insider - 1 Jul 2013 09:52
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
At Least 19 Injured As Supercar Crashes Into Crowd At A Polish Rally
Business Insider - 1 Jul 2013 16:02
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...
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.
Zynga CEO steps down, Microsoft exec to take post
Boston - 1 Jul 2013 23:51
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.
6 Celebrity Endorsement Deals We'd Love To See
Business Insider - 1 Jul 2013 23:50
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...
Zynga founder steps down as CEO to be replaced by Microsoft's Xbox head
The Guardian - 1 Jul 2013 23:46
Struggling games company's shares soar in anticipation that chief executive Mark Pincus would be replaced by Don Mattrick Mark Pincus, founder of Zynga, the struggling online games company, is stepping down as chief exec...
New Salem Five bank ads star an animated Dustin Pedroia
Boston - 1 Jul 2013 15:47
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...
Italian Manufacturing Shows Big Improvement -- Production Increases For The First Time In Nearly 2 Years
Business Insider - 1 Jul 2013 09:47
More green shoots in Europe, where Italian PMI just jumped to 49.1. Production grew for the first time in 20 months. From Markit: Join the conversation about this story
Brent drops below $102 on weak Chinese factory data
livemint.com - 1 Jul 2013 07:11
China PMI slows in June, confirms Q2 economic growth slowdown
Blackstone, Lion Capital to bid for GSK's Lucozade, Ribena: report
Reuters - 1 Jul 2013 00:06
(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...
Vatican bank director, deputy resign amid scandal
Boston - 1 Jul 2013 23:58
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...
Disney board extends Iger's CEO and chairman post
Boston - 1 Jul 2013 23:57
BURBANK, Calif. (AP) -- The Walt Disney Co.'s board wants Chairman and CEO Robert A. Iger to stick around a bit longer.
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.
Top Apps Grab Twice As Much Revenue On Apple's App Store Versus Google Play
Business Insider - 1 Jul 2013 23:52
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 ...
Bebo bargain: After selling to AOL for $850M in 2008, founders buy it back for ... $1M
Venture Beat - 1 Jul 2013 23:50
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.
After Hours: Zynga shares rise, Achillion drops after hours
Market Watch - 1 Jul 2013 23:50
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.
Companies That Pay CEOs More Than Uncle Sam
Forbes - 1 Jul 2013 23:48
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
IT'S HAPPENING: Banks Are Ditching Switzerland For Finally Cracking Down On Secrecy
Business Insider - 1 Jul 2013 23:47
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...
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.
FTSE 100 records best daily gain for five weeks as Royal Bank of Scotland recovers from recent falls
The Guardian - 1 Jul 2013 18:01
Leading shares boosted by reasonable economic figures from UK, eurozone and US despite Chinese dip As leading shares recorded their biggest daily increase for nearly five weeks, even Royal Bank of Scotland was on the ris...