BUSINESS

China's June Official Services PMI Up To 3-Month High

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China's services sector expanded at its fastest pace in three months in June, an official survey showed on Tuesday, but left intact market expectations that Beijing will deliver more policy measures to support growth in the near future.
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Ed Damiano (right) delivers insulin to his son David, at the family's home in Acton, Mass. Damiano is working on a bionic pancreas that will automatically control blood glucose in people with type 1 diabetes.

Global Pharma Giants Feed On Smaller Biotech Makers

Bristol-Myers Squibbs' takeover of Amylin follows the trend of pharma companies that are acquiring biotech companies to benefit from growing medical needs, offset patent losses and boost their internal pipeline productivity.
Why Facebook Needs A Want Button

Why Facebook Needs A Want Button

Facebook already knows what you Like. Soon, it may ask you what you Want. Web developer Tom Waddington discovered on June 28 that Facebook had included code for a disabled Want button within the Javascript of its list of social plug-ins.
The euro zone has entered a technical recession in the first quarter of 2012, according to Eurocoin

This Time, Spain Won't Be Back In 10 Minutes

Europe's fourth-largest economy is putting millions of people out of work. This time, it won't be back in 10 minutes like the post-it notes of Spanish employees when they leave their desks for a half-hour coffee break every so often.
Apple Finally Settles iPad Trademark Dispute in China; Proview Accepts $60 Million

Apple Finally Settles iPad Trademark Dispute in China; Proview Accepts $60 Million

Apple's two-year-long trademark battle with Proview Technology over the use of the name iPad has finally come to a close. The Cupertino, Calif.-based computer giant has reportedly agreed to pay the Chinese electronics maker $60 million to settle the dispute of ownership, which will removes any further obstacles to selling its popular line of tablets in China.
Spain is the latest victim of the euro zone crisis. Fitch Ratings downgraded 18 Spanish banks on Tuesday.

Euro Zone Unemployment Hit Record High In May, PMI At 3-Year Low

Unemployment in the euro zone rose to a new record high in May, while manufacturing activities fell for the 11th consecutive month in June. The numbers increase the likelihood the European Central Bank will cut its key interest rate when its governing council meets Thursday.
An A380 aircraft is seen through a window with an Airbus logo during the EADS / Airbus 'New Year Press Conference' in Hamburg

Alabama Governor Welcomes Airbus To Mobile

Alabama Gov. Robert Bentley will be welcoming Airbus S.A.S. to the port city of Mobile Monday morning to formally announce the opening of the European aircraft manufacturer's first assembly plant in the U.S.
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India's Exports, Imports Decline In May

India's exports declined by 4.16 percent to $25.68 billion in May due to a slowdown in global demand, a statement released by the Ministry of Commerce and Industry said on Monday.

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