May 31, 2012
Facebook shares dip below $29 to new low
Facebook shares have dipped below $29 for the first time since their flotation to a new low. The shares were launched at $38 less than two weeks ago during its high-profile flotation, which valued the firm at $104bn (£66bn). Since then, Facebook's…
May 31, 2012
European Commission suggests bank bailouts
The European Commission has proposed that money set aside for helping governments should be used to bail out ailing banks directly. The commission also pushed for more integration through a euro-wide "banking union" and a single deposit…
May 31, 2012
Premier League club wages climb to new highs
The proportion of income that Premier League clubs spend on wages hit a new high in the 2010-11 season, says a Deloitte report into football finance. Clubs in England's top football league paid some 70% of their income on salaries for the first…
May 31, 2012
Graff delays $1bn Hong Kong listing as market declines
Graff Diamonds has delayed its $1bn (£646m) share sale in Hong Kong citing adverse market conditions. The firm was in the process of meeting investors and was expected to end its share offer later this week. It was set to be the biggest in Asia…
May 31, 2012
New Killings in Syira; US Hints at Bypassing UN
United Nations observers in Syria have raised new allegations of execution-style killings with the discovery of 13 bound corpses as the United States hinted that continued slaughter in the violence-torn country could prompt outside military…
May 31, 2012
6 Year-Old Girl Youngest Contestant Ever in Spelling Bee
Can you spell “dirigible?” Six year-old Lori Anne Madison can — and her skills won her a spot as the youngest contestant ever to compete in the annual National Spelling Bee. 278 boys and girls from ages six to 15 competed in the first round near…
May 31, 2012
New York Transit System to Let Muslim, Sikh Workers to Wear Headcoverings
New York City's transit system will let Muslim and Sikh employees wear turbans and headscarves in public as part of a settlement of a federal lawsuit. Muslim and Sikh bus and subway workers sued the agency when it ruled after the September 11th…
May 31, 2012
US Imposes Duties on Chinese Wind Towers, Korean Washing Machines
The United States has imposed duties on imports of Chinese wind towers, accusing Beijing of unfairly subsidizing them. The U.S. Commerce Department said Wednesday that the United States will collect cash deposits from importers of Chinese wind…
May 31, 2012
Oswald’s Skipping’s Address on National Heros day
I am mindful of the request or caution for me to bring BRIEF remarks, I'll keep that in mind. About two weeks ago, minutes before I got the invitation to address this audience on this august occasion, I saw a message on my BBM. For those who may…
May 29, 2012
“MIB3″ Unseats “Avengers” At Box Office
Will Smith is currently sitting at #1 at the United States box office, with his new movie “Men in Black 3.” “MIB3″ pulled in an estimated $70 million over the four-day Memorial Day holiday weekend. The film has already grossed a total of $202…