BUSINESS

Iran’s Bulging Prison Population

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80 new prisoners enter the country’s prison system every day. Under Iran’s penal code, more than 1600 separate offenses are punishable by imprisonment.

EU To Criminalize Rate-Fixing...And About Time Too

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The EU is looking into the possibility of making Libor and Euribor rate-rigging -- the deliberate manipulation of interest rates that set the benchmark for over $500 trillion in financial contracts - a criminal offense.
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Sea World Attack Video Released, San Diego Trainer Kenneth Peters Escaping Killer Whale Kasatka

A video involving a brutal 2008 near death attack on a sea world trainer by a wild whale was released in court and is now being used as evidence in an investigation for the Sea World vs US Secretary of Labor Hilda Solis Trial. During a show at San Diego Park's Sea World, a veteran trainer, 39-year-old Kenneth Peters was bitten and continuously held underwater by a 7,000 pound killer whale, 28-year-old female named Kasatka.
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OS X Mountain Lion Release Date: How To Download And Install Apple's Newest Mac Upgrade

Apple promised a July release date for OS X Mountain Lion, the eighth edition of Apple's OS X software for Mac, and the company came through. As confirmed by Apple's fourth quarter earnings conference call on Tuesday evening, OS X Mountain Lion promptly released on Wednesday for $19.99. The upgrade is exclusively downloadable via the Mac App Store.
Former Citigroup chief executive Sanford I. Weill, one of the most important players in the deregulatory push of the 1990s that repealed the Glass-Steagall Act and allowed the formation of "too big to fail" banks, said on CNBC Wednesday morning

Former Citigroup CEO: It's Time to Break Up The Big Banks

Former Citigroup chief executive Sanford I. Weill, one of the most important players in the deregulatory push of the 1990s that repealed the Glass-Steagall Act and allowed the formation of too big to fail banks, said on CNBC Wednesday morning that the nation's financial supermarkets should be split up by government mandate.
Caterpillar Machines In Hammond, Ind.

Caterpillar Inc. (CAT) Q2 Profit Rises, Lifts 2012 Forecast

Caterpillar Inc. (NYSE: CAT), the largest maker of construction and mining equipment, reported a 67 percent jump in its second-quarter profit that topped analysts' estimates and boosted its full-year outlook as demand increased from North American builders and overseas miners.
Exxon Mobil Corp

ExxonMobil Is Expected To Report Weak Earnings From Lower Gas Prices

Based on a median estimate among analysts polled by Thomson Reuters, ExxonMobil will report earnings of $1.96 a share on revenues of about $115.08 billion -- a decline of 8.3 percent from the year before. The company will post its second-quarter earnings on Thursday at 10 a.m. EDT.
Spain Protests

World's Reaction to Spanish Crisis: Screw Them!

The financial and fiscal crisis in Spain entered a new and dangerous phase Tuesday as economic, political, civic and diplomatic links appeared to quickly disintegrate in the face of panic-stricken markets.

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