BUSINESS

World Economies Slowed In May, Even White-Hot Brazil Disappoints: OECD

Brazil
The world's major economies extended their slowdown in May, with conditions deteriorating significantly in India and Italy, according to a statistical indicator released by the Organisation for Economic Co-operation and Development on Monday. Even in Brazil, one of the few economies surveyed that is expanding, the pace of growth slowed.
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Apple iPad vs. Samsung Galaxy Tab: ‘Not As Cool’ As Apple’s Tablet, Judge Says

Apple iPad Vs Samsung Galaxy Tab: 'Not As Cool' As Apple's Tablet, Judge Says

Apple and Samsung, two of the leading manufacturers of mobile devices and electronics, have been engaged in a patent war concerning the companies' two respective tablets. A judge in the United Kingdom has ruled the Korea-based company's Galaxy Tab does not infringe on Apple's iPad design, according to the Verge.
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WellPoint To Buy Amerigroup For $4.9B

Health Insurer WellPoint Inc. (NYSE: WLP) agreed to buy the managed-care company Amerigroup Corporation (NYSE: AGP) in a roughly $4.9 billion cash deal to expand its presence in Medicaid space.
Amazon Kindle Fire

Amazon To Launch New Kindle Fire With Improved Display At 1280 x 800 Resolution In Q3 [REPORT]

At a time when the 7-inch tablet space has suddenly become the talk of the town with already released devices like the Google Nexus 7 and those still under wraps like the iPad mini, a report surfaced Sunday saying that online retailer Amazon is gearing up to unleash its own challenger, a Kindle Fire successor, towards the second half of this year to compete against rival products.
U.S. Economy

On Jobs, The US Congress, And You

Cutting federal spending in 2012 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure and public works projects now and in the immediate quarters ahead, it would create millions of jobs.

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