BUSINESS

Shellie Zimmerman was arrested for one count of perjury.

Stanford University is testing out the new program Congestion and Parking Relief Incentives, or Capri, to decrease traffic congestion by paying drivers to commute at off-peak hours.

The price of gold was flirting with the milestone value of $1,600 per troy ounce on Monday, but concerns about the euro debt crisis tempered the yellowish metal's advance, published reports state.

Friday closed on rumours of A Spanish Bailout, which were confirmed over the weekend, prompting a risk rally when Asian markets opened on Sunday evening.

Markets reacted positively to the Spanish banking sector bailout for about two hours before the sobering reality of the situation set in.

Daimler AG (Frankfurt: DAI) will be rolling out an AMG high performance version of its Mercedes-Benz A-class hatchback to appeal to young customers and increase sales by 50 percent, according to a report by Bloomberg News Tuesday.

The debate over minimum wages -- does raising the minimum wage put more money in workers' pockets or just leave more of them jobless? -- is heating up at the state and federal level.

One of the fastest growing segments of Kevin Hartz's business is bacon. Hartz isn't a chef or farmer. Rather, he's founder and CEO of Eventbrite, a ticketing website that offers an independent platform for event organizers of all types.

The European Union's ?100 billion ($126 billion) bailout of Spanish banks may have, at least temporarily, saved those institutions. But the rescue is being judged a failure by the markets, as it appears to have seriously damaged the government's ability to borrow from international creditors, something a country running on deficit financing for the foreseeable future is vitally dependent on.

What started as a family construction firm in the 1960s, Essar Group, based in Mumbai India, now is a behemoth of a company. It is fully integrated in steel production, oil and gas production and refining, electric generation and shipping on five continents with revenue of more than $27 billion.

As expected, Apple unveiled iOS 6 during the keynote presentation for the 2012 Worldwide Developers Conference (WWDC) in San Francisco. Nobody knew what Apple would include in its latest mobile operating system for iPhone, iPad and iPod Touch, but with more than 200 new features added to the iOS platform, this is the most comprehensive update Apple has ever released to its mobile devices.

Now that Apple (Nasdaq: AAPL), the world's most valuable technology company, has opened its Worldwide Developers Conference with the usual product splash, what happened to Apple TV?

The U.S. singled out China on Monday in its effort to push the international community to place additional economic pressure on Iran.

In a new poll, 49 percent of respondents said Republican lawmakers are stalling on efforts to improve the economy in order to damage President Obama's re-election chances.

Apple iOS 6 Software will bring a whole host of updates to Siri in the fall, but the biggest tease during the WWDC keynote on Monday was Eyes Free; a feature that integrates Siri into your car.

Though rents went down, grocery bills shrank and companies trimmed their workforce after the devastating 2011 earthquake and tsunami, Tokyo edged past Angolan capital Luanda to become the world?s most expensive city for expatriates in Mercer?s 2012 survey.

India's supply of liquified natural gas (LNG) is set to expand as Petronet, the country's largest LNG importer, seeks $1 billion to expand its import capacity.

Elinor Ostrom, the first woman to win Nobel Prize in economics, died on Tuesday, June 12, after battling cancer. She was 78 years old. The distinguished Indiana University professor received the 2009 Nobel Prize in economic sciences for her groundbreaking research on the ways that people organize themselves to manage resources. She was the first and, to date, only woman to win the prize in this category.

In iOS 6, which was unveiled Monday at the 2012 Worldwide Developers Conference (WWDC) in San Francisco, Apple has decided to apply these same tactics of deep integration with Facebook, the world's largest social network with more than 900 million users. This is all great for Facebook, but what is Apple getting in return?

TomTom (Pink:TMOAF), the Dutch navigation software specialist, is already benefiting from its new tie to Apple (Nasdaq: AAPL), the world's most valuable technology company, which hired it to provide data for the iPhone.

Indian retail sector, which is one of the fastest growing in the world, is under immense pressure to allow the Foreign Direct Investment. With multi-national retail giants like Wal-Mart and CarreFour and foreign investors lobbying the government to throw open the retail sector, the government has made several futile attempts in the past two years to allow FDI in retail.

Felda Global Ventures Holdings, Malaysia's state-owned palm oil producer, will likely exceed its IPO target of $3.2 billion when it goes public on June 29.

The reassurance provided by the ?100 billion ($125 billion) Spanish banking bailout last Saturday has already waned, and on Tuesday morning, the country's 10-year bond yields rose again to 6.67 percent, drawing closer to euro-era highs of 6.8 percent.

Leaders of the world's 12-member crude oil cartel gather this week in Vienna to discuss and perhaps set a production ceiling for the group in what is expected to rubber stamp the current state of affairs. It is also expected to feature a fierce tug-of-war between Saudi Arabia, the cartel's dominant producer, and Iran.

Among the companies whose shares are moving in pre-market trading Tuesday are: Ceragon Networks, Renren, Strategic Hotels & Resorts, Telefonica, EzChip Semiconductor, Banco Santander, Siemens, Pfizer and Goodyear Tire & Rubber.

Thursday will see a showdown over the near-term future of AOL (NYSE: AOL), the No. 7 website, which in its heyday was American Online, the biggest email provider, as well as a company big enough to swallow Time Warner.

Crude oil futures declined on Tuesday amid concerns that Spain's banking bailout may not be enough to rescue the country from the financial crisis.

Futures on the major U.S. indices point to a higher opening Tuesday ahead of the May Treasury budget statement and Import Price Index.

European markets maintained a cautious tone Tuesday as stocks fell in the U.S. and Asia following the fading of optimism relating to the aid to the Spanish banks and revival of the debt crisis looming over the euro zone.