BUSINESS

Apple Yanks Mac Immunity Claims From Website: Removing 'Reality Distortion' A Good PR Move?

Apple Yanks Mac Virus Immunity Claims From Website: Removing 'Reality Distortion' A Good PR Move?

Apple quietly lifted part of Steve Jobs' famous reality distortion field on Sunday, switching out a statement that claimed its Mac computers were completely immune to viruses with a less-forward statement: It's built to be safe. Apple can no longer say its Macs are perfect, but the company is making great strides to improve the honesty of its PR while making users and developers feel safe all the same.
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Buildings seen in China

China's 2012 Growth Target At Risk, Property Curbs Hurt

China's annual growth target for 2012 looks increasingly in jeopardy as demand at home falters and Europe's debt crisis worsens, complicating matters for Beijing as the country heads into a once-in-a-decade leadership transition.
Facebook

Staff 'Arrogance' Behind Botched Facebook IPO, Says Nasdaq Boss

Chief Executive Robert Greifeld told a conference of directors at Stanford University's Law School that the exchange had tested its computer systems before the May 18 IPO, but failed to take into account the volume of canceled orders in the run-up to the stock debut, The Wall Street Journal reported.
Asian Shares

Asian Stock Markets Fall On Growth Fears

Asian stock markets mostly declined Monday as fears of a further global slowdown and economic headwinds from the euro zone continued to weigh on the sentiment.
Euro weak on profit-taking, dollar recovers

'Vicious Cycles' Continue To Go 'Round And 'Round: BIS

Five years into the most significant global financial crisis since the 1930s, the world's leaders have formulated neither the fiscal policies nor the monetary policies required to deal with it, according to the Bank for International Settlements' 82nd Annual Report, which was released Sunday.
Tropical Storm Debby

Almost 23% Of Gulf Of Mexico's Oil-And-Gas Output Cut By Storm

Because of Tropical Storm Debby in the Gulf of Mexico, about 22.7 percent of the gulf's current daily oil production and about 22.9 percent of its current daily natural-gas production has been shut-in, according to the U.S. Interior Department's Bureau of Safety and Environmental Enforcement.
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RIM Reported Considering Split Into 2 Firms

BlackBerry maker Research in Motion is considering splitting its business in two, separating its struggling handset manufacturing division from its messaging network, The Sunday Times reported.
Visa to launch digital wallet for U.S. banks

Technology Focus: Still Waiting For Digital Wallets

In the 1950s, a consumer who wanted to buy eyeglasses borrowed $40 from the bank. Fast-forward to 2012: how about using your digital wallet to buy those glasses with your mobile phone? Maybe later this year.
Handout satellite image of the low pressure area System 96L in the Gulf of Mexico

Tropical Storm Debby Cuts Oil-And-Gas Output In Gulf Of Mexico

With Tropical Storm Debby more or less dead in the water of the central Gulf of Mexico, the U.S. Bureau of Safety and Environmental Enforcement estimates about 7.8 percent of the gulf's current daily oil production and about 8.16 percent of its current daily natural-gas production are now shut-in.

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