FamousAbout.com » Business http://famousabout.com What's the Famous World News Online About? Tue, 22 May 2012 04:04:36 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Euro zone needs growth and austerity: ECB’s Asmussen http://famousabout.com/euro-zone-needs-growth-and-austerity-ecbs-asmussen http://famousabout.com/euro-zone-needs-growth-and-austerity-ecbs-asmussen#comments Mon, 21 May 2012 13:24:14 +0000 France http://famousabout.com/euro-zone-needs-growth-and-austerity-ecbs-asmussen BERLIN (Reuters) – Europe’s fiscal pact must not be renegotiated or softened but could be complemented by growth-enhancing measures, European Central Bank Executive Board member Joerg Asmussen said on Monday. Asmussen also stressed that the ECB’s non-standard measures – introduced to fight the debt crisis – were of a temporary nature and could be withdrawn any time if inflation risks emerged. There is a growing push in the euro zone, led by newly elected French President Francois Hollande, to do more to stimulate growth and not just focus on reducing deficits.

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Euro zone needs growth and austerity: ECB’s Asmussen
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]]> http://famousabout.com/euro-zone-needs-growth-and-austerity-ecbs-asmussen/feed 0 Apple,Samsung CEOs in U.S. court talks over patent row http://famousabout.com/applesamsung-ceos-in-u-s-court-talks-over-patent-row http://famousabout.com/applesamsung-ceos-in-u-s-court-talks-over-patent-row#comments Mon, 21 May 2012 13:24:10 +0000 France http://famousabout.com/applesamsung-ceos-in-u-s-court-talks-over-patent-row SAN FRANCISCO (Reuters) – The chief executives of Apple Inc and Samsung Electronics Co Ltd come face to face on Monday in court-directed mediation in the United States over a dispute in which the iPhone maker claims the Korean firm has “slavishly” copied some of its products. Apple’s Tim Cook and Samsung’s Choi Gee-sung have been instructed by a federal judge to appear for mediation in San Francisco to help resolve the bitter patent litigation between the two firms

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]]> http://famousabout.com/applesamsung-ceos-in-u-s-court-talks-over-patent-row/feed 0 Facebook shares fall below $38 issue price in premarket http://famousabout.com/facebook-shares-fall-below-38-issue-price-in-premarket http://famousabout.com/facebook-shares-fall-below-38-issue-price-in-premarket#comments Mon, 21 May 2012 13:24:05 +0000 France http://famousabout.com/facebook-shares-fall-below-38-issue-price-in-premarket NEW YORK (Reuters) – Facebook Inc’s shares slid below their $38 issue price in premarket trading on Monday as support from underwriters of the initial public offering dissipated after its Friday debut. The social networking company’s debut was marred by a shaky opening on the Nasdaq that will be reviewed by the SEC and a falling share price, which forced lead underwriter Morgan Stanley to defend the $38 price level by purchasing shares on the open market.

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Facebook shares fall below $38 issue price in premarket
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]]> http://famousabout.com/facebook-shares-fall-below-38-issue-price-in-premarket/feed 0 Rajat Gupta faces jury in insider trading case http://famousabout.com/rajat-gupta-faces-jury-in-insider-trading-case http://famousabout.com/rajat-gupta-faces-jury-in-insider-trading-case#comments Mon, 21 May 2012 13:23:58 +0000 France http://famousabout.com/rajat-gupta-faces-jury-in-insider-trading-case NEW YORK (Reuters) – Barely a day went by at the insider-trading trial of multimillionaire hedge-fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. On Monday in the same federal court in New York, it will be Gupta’s turn to go on trial.

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Rajat Gupta faces jury in insider trading case
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]]> http://famousabout.com/rajat-gupta-faces-jury-in-insider-trading-case/feed 0 Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion http://famousabout.com/alibaba-buys-back-20-percent-stake-held-by-yahoo-for-7-1-billion http://famousabout.com/alibaba-buys-back-20-percent-stake-held-by-yahoo-for-7-1-billion#comments Mon, 21 May 2012 13:23:51 +0000 France http://famousabout.com/alibaba-buys-back-20-percent-stake-held-by-yahoo-for-7-1-billion SHANGHAI/NEW YORK (Reuters) – Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock.

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Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
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]]> http://famousabout.com/alibaba-buys-back-20-percent-stake-held-by-yahoo-for-7-1-billion/feed 0 Barclays to sell $6.1 billion BlackRock stake http://famousabout.com/barclays-to-sell-6-1-billion-blackrock-stake http://famousabout.com/barclays-to-sell-6-1-billion-blackrock-stake#comments Mon, 21 May 2012 13:23:46 +0000 France http://famousabout.com/barclays-to-sell-6-1-billion-blackrock-stake LONDON (Reuters) – British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings.

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]]> http://famousabout.com/barclays-to-sell-6-1-billion-blackrock-stake/feed 0 Nasdaq alters IPO procedures after Facebook glitch http://famousabout.com/nasdaq-alters-ipo-procedures-after-facebook-glitch http://famousabout.com/nasdaq-alters-ipo-procedures-after-facebook-glitch#comments Mon, 21 May 2012 13:23:39 +0000 France http://famousabout.com/nasdaq-alters-ipo-procedures-after-facebook-glitch NEW YORK (Reuters) – Nasdaq OMX Group Inc said on Monday it is changing its initial public offering trading procedures following glitches in Facebook Inc’s market debut at the end of last week that prevented some traders from knowing for hours whether their orders for shares had been completed. The exchange operator said in a note to traders that modifications to its IPO and halt cross application would prevent the problems that occurred on Friday from recurring. (Reporting By John McCrank; Editing by Gerald E

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]]> http://famousabout.com/nasdaq-alters-ipo-procedures-after-facebook-glitch/feed 0 NYC judge approves child support deal for supermodel Linda Evangelista, French billionaire http://famousabout.com/nyc-judge-approves-child-support-deal-for-supermodel-linda-evangelista-french-billionaire http://famousabout.com/nyc-judge-approves-child-support-deal-for-supermodel-linda-evangelista-french-billionaire#comments Sun, 20 May 2012 19:49:03 +0000 Samantha Sy http://famousabout.com/nyc-judge-approves-child-support-deal-for-supermodel-linda-evangelista-french-billionaire NEW YORK, N.Y. – A New York City judge has approved a child support settlement between supermodel Linda Evangelista and a billionaire French businessman.

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]]> http://famousabout.com/nyc-judge-approves-child-support-deal-for-supermodel-linda-evangelista-french-billionaire/feed 0 Report: EA loses lead developer for top-secret AAA social game http://famousabout.com/report-ea-loses-lead-developer-for-top-secret-aaa-social-game http://famousabout.com/report-ea-loses-lead-developer-for-top-secret-aaa-social-game#comments Sun, 20 May 2012 19:45:31 +0000 Jon http://famousabout.com/report-ea-loses-lead-developer-for-top-secret-aaa-social-game For the past several years, EA has reportedly been working on an important top-secret project: a big-budget social game that would allow the company’s Playfish division to go toe-to-toe with Zynga.

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]]> http://famousabout.com/report-ea-loses-lead-developer-for-top-secret-aaa-social-game/feed 0 Mighty Merkel may be the odd woman out http://famousabout.com/mighty-merkel-may-be-the-odd-woman-out http://famousabout.com/mighty-merkel-may-be-the-odd-woman-out#comments Sun, 20 May 2012 19:43:21 +0000 admin http://famousabout.com/mighty-merkel-may-be-the-odd-woman-out CHICAGO (Reuters) – There are weeks in the political life of Angela Merkel that were surely more pleasant than the last one. Last Sunday, the German chancellor’s party suffered a big loss in the regional election of North Rhine-Westphalia.

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