BUSINESS

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European Markets Rise On Positive U.S. Data

European markets rose Thursday following encouraging data from the U.S., but investors remain watchful ahead of the European Union summit in Brussels on Thursday and Friday, where leaders will discuss tackling the EU debt crisis with concrete measures
Japanese Bank Note

Japan Retail Sales Growth Slows Down In May

Japan?s retail sales growth slowed down in the year to May compared to April indicating that private consumption is getting affected by the faltering global economic conditions.
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Nexus Q Vs. Apple TV: Is Google's Cloud-Based Entertainment Hub Worth The Price? [VIDEO]

Nexus Q Vs. Apple TV: Is Google's Cloud-Based Entertainment Hub Worth The Price? [VIDEO]

At its I/O Conference for developers in San Francisco, Google unveiled a new Android operating system called Jelly Bean, a brand-new tablet from Google called the Nexus 7, and even gave a demonstration and pre-order information for its highly-anticipated, high-tech headgear, also known as Project Glass. But one of the strange unveilings at I/O was the orb-shaped hub known as the Nexus Q, which was Google's response to the Apple TV.
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Barclays Settles Claims For $453M In Interest Rate Scandal

Barclays Plc (NYSE: BCS) agreed Wednesday to pay $453 million in fines to settle claims made by U.S. and UK. bank regulators and law enforcement agencies for the bank's alleged involvement in a scheme to manipulate two global benchmark interest rates.
A police investigator searches for evidence following attack on Microsoft's offices at Marousi suburb north of Athens.

Microsoft's Athens Headquarters Firebombed

Microsoft Corporation's (Nasdaq: MSFT) Athens, Greece headquarters was firebombed on Wednesday by gunmen who drove a van loaded with gasoline through the doors of the four story building, Reuters reported.
Raindrops are seen in front of an Apple logo outside an Apple store in Shanghai

Apple Facing Justice Dept. Discrimination Accusations

Applesauce might be on the menu if Apple Inc. (Nasdaq: AAPL) doesn't take swift actions to ameliorate members of a coalition representing Iranian-Americans and speakers of Farsi who were allegedly denied sale of iPads and other merchandise by Apple store employees in recent weeks.
Google I/O 2012: Rumors That Are Likely To Become Announcements At This Year’s Developers Conference

Google I/O 2012: Rumors That Are Likely To Become Announcements At This Year?s Developers Conference

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.
Chinese Yuan

Profits at State-Owned Chinese Companies Decline

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.
MacBook Pro With Retina Display

Apple Delays MacBook Pro With Retina Display Shipping: Why Do Launch Orders Need Another Month?

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.
Morgan Stanley headquarters building in New York's Time's Square

Morgan Stanley Getting Hit From All Sides

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.
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Apple?s Injunction Vs. Samsung: Temporary Victory?

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.

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