BUSINESS

Google I/O 2012 is set to kick off, and the company is expected to make some worthwhile announcements. Critics and fans alike are awaiting more information on Google?s first self-branded Nexus tablet, which was just confirmed ahead of the event.

After two years of partisan arguments surrounding the constitutionality of the Affordable Care Act, the Supreme Court will finally make its call on Thursday.

Stockton, Calif., will become the largest U.S. city to file for bankruptcy, which could happen as early as Wednesday, after talks with bondholders and labor unions failed.

The collection of new Saab Automobile AB 9-3, 9-4 and 9-5 cars that have been languishing in U.S. ports following the company's bankruptcy will be liquidated at auction beginning on June 28 with a lot in Newark, N.J.

Apple had its time to shine earlier in June, and now its Google?s turn. Google I/O 2012, the company?s annual developer?s conference, is expected to unveil the next Android operating system and its upcoming release in its Nexus-brand of devices. The keynote is set to launch in only a couple of hours, and here?s the final roundup of last minute rumors and what to expect from the search engine giant?s spotlight moment.

The Bank of Cyprus bailout raises the island's original ?1.8 billion ($2.2 billion) request -- agreed on Monday to support the country's second largest lender Popular Bank -- to ?2.3 billion ($2.9 billion).

Higher costs and a spike in taxes are squeezing the bottom line at China's state-owned companies, the Xinhua news agency reported on June 15, driving down profits and slowing down the rate of growth in operating income.

U.S. pending home sales rose 5.9 percent in May, matching a two-year high, the National Association of Realtors said Wednesday.

If you hoped pre-ordering a new MacBook Pro with Retina Display would make you the first one on your block with Apple's latest, greatest laptop, think again. Many customers that placed orders for Apple's 15-inch Retina Display-powered MacBook Pro were originally quoted a 7-10 day waiting period. Those same customers are now receiving e-mails from Apple, stating their beautiful new laptops won't ship until or after July 25.

Several underwriters that shared $176 million in fees from the $16 billion initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, told investors to buy the share Wednesday.

It's not turning out to be a good week for Morgan Stanley (NYSE: MS). Over the past few days, the bank has been embroiled in two international scandals and cut by analysts at Goldman Sachs. That follows a month that saw a major credit downgrade, participation in the fumbled IPO of Facebook Inc. and behind-the-scenes grumbling by the FDIC. The bank has lost more than one-third of its market capitalization since late March.

Apple (Nasdaq: AAPL), the world's most valuable technology company, has won a U.S. district court injunction against its supplier and rival Samsung Electronics (Seoul: 005930), which should help sales of the iPad.

Orders for long-lasting U.S. manufactured goods posted the first gain in three months in May, but economists warn that the May data is not as good as it looks.

With the official start date of the London 2012 Olympics now just one month away, some Londoners are questioning whether the Games are worth all the trouble ? and they?ve good reason for concern.

Spanish 10-year government bonds have been edging toward an unsustainable 7 percent yield for weeks now, with current yields above 6.8 percent.

The board of News Corp. (NYSE: NWSA) planned to meet Wednesday to consider splitting the global media giant into two entities, rumors of which move have lifted the New York-based company's shares more than 6 percent this week.

It is just amazing how we never learn from other people's mistakes.

Amarin Corp, Facebook, Zynga, Saks, O'Reilly Automotive, Credit Suisse Group, Atlantic Power and Tata Motors are among the companies whose shares are moving in pre-market trading Tuesday.

Wrapping up his Latin American tour, Chinese Premier Wen Jiabao on Tuesday announced a proposal to set up a $10 billion credit program for the developing economies to offer support for infrastructure projects.

U.S. stock index futures point to slightly lower opening Wednesday as investor sentiment is weighed down by the concerns of debt crisis looming over the euro zone.

Apple Inc. (Nasdaq: AAPL), the largest company on earth by stock-market value, again took the top spot in Barron's annual survey of corporate respect.

Troubled BlackBerry developer Research in Motion (Nasdaq: RIMM), once the king of the smartphone hill with business, is scheduled to report first-quarter results after Thursday?s close.

Asian stock markets mostly advanced Wednesday but gains were capped as investors are opting for caution ahead of the EU summit that begins on Thursday.

Beverages giant Coca Cola announced Tuesday that it would invest nearly double the amount of money, along with its bottling partners, to $5 billion by 2020. The investment of $5 billion is higher by $3 billion from the earlier announcement made in November 2011 for a five-year period.

European markets rose Wednesday following global cues but investors remained watchful about the debt crisis lingering over the euro zone.

Crude oil futures slightly declined and hovered above $79 a barrel during Asian trading hours Wednesday as doubts over the ability of European leaders to address the debt crisis at a summit this week offset concerns over tightened North Sea supplies due to a strike in Norway.

After a failed attempt to ban the Samsung Galaxy S3's sales in the U.S., Apple finally has managed to stop sales of its South Korean rival's Galaxy Tab 10.1, deemed by many as the top contender to the iPad.

The top after-market Nasdaq gainers Tuesday were AeroVironment Inc, Anthera Pharmaceuticals Inc, Zogenix Inc, United Therapeutics Corporation and Orexigen Therapeutics Inc. The top after-market Nasdaq losers were: Omeros Corporation, O'Reilly Automotive Inc, Medivation Inc, IAC/InterActiveCorp and Alexza Pharmaceuticals Inc.

The top after-market NYSE gainers Tuesday were: BPZ Resources, MEMC Electronic Materials, Ultra Petroleum, Fusion-Io and Gol Linhas Aereas Inteligentes. The top after-market NYSE losers were: Campus Crest Communities, Harbinger Group, Yingli Green Energy Holding, HCA Holdings and AutoZone.