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Business News for Wednesday February 8, 2012
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Athens, Greece Thousands of marchers chanted slogans and unfurled banners in the streets of central Athens Tuesday morning continuing a month of protests against austerity measures.
Police in riot gear set up barricades in front of the Greek Parliament, where lawmakers are set to vote Wednesday on a tough five-year package of tax increases and spending cuts.
A 48-hour general strike kicked off i.. more
LulzSec, the gleeful and secretive band of hackers who appear to be responsible for a string of high-profile and sometimes embarrassing Internet attacks, said it was disbanding.
"For the past 50 days we've been disrupting and exposing corporations, governments, often the general population itself, and quite possibly everything in between, just because we could," the group said Saturday in a state.. more
In an auction featuring memorabilia from the Beatles, Madonna and Elvis Presley, it was Michael Jackson who proved to be king.
The red and black jacket, winged shoulders and all, that the late pop star wore during his zombie-ridden "Thriller" video fetched a $1.8 million bid at this weekend's Julien's auction in Beverly Hills, California, according to the auctioneer's website.
The winning price .. more
Tyler and Cameron Winklevoss, the former business partners and Harvard University classmates of Mark Zuckerberg, have dropped their court appeal of a settlement with the Facebook founder.
The Winklevosses had claimed they were shortchanged in a $65 million settlement with Zuckerberg because Facebook had misrepresented the value of company stock. In April, a federal appeals judge rejected the argu.. more
Los Angeles Nintendo is taking the idea of the "second screen" to a new level.
The company on Tuesday showed off a prototype gaming system called Wii U, which consists of a smartphone-like remote control that lets gamers play on two screens at the same time.
The controller has a touch-sensitive, 6.2-inch screen -- kind of like a giant Android phone -- that players can use to zoom in on TV images.. more
New York Dominique Strauss-Kahn, the former chief of the International Monetary Fund, is expected to be arraigned Monday on sexual assault charges in connection with an incident at a posh New York hotel last month.
Strauss-Kahn, who was considered a front-runner in France's next presidential race before his arrest, is expected to plead not guilty, according to a source close to the case.
He face.. more
Saudi Prince Al-Waleed bin Talal said Sunday that he wants oil prices to drop so that the United States and Europe don't accelerate efforts to wean themselves off his country's supply.
In an interview broadcast Sunday on "CNN's Fareed Zakaria GPS," the grandson of the founding king of modern Saudi Arabia said the oil price should be somewhere between $70 and $80 a barrel, rather than the current .. more
Patricia Woertz rose to prominence through the ranks of oil giant Chevron, but she moved on to greener pastures as CEO of agriculture conglomerate Archer Daniels Midland.
Since taking the helm in 2006, Woertz has made a push toward green fuels. ADM is an ethanol powerhouse, in addition to being the world's leading grain processor. After working for Big Oil for three decades, Woertz jumped right i.. more
Paris French Finance Minister Christine Lagarde announced her bid to become head of the International Monetary Fund Wednesday, after its former managing director Dominique Strauss-Kahn resigned in the wake of charges he tried to rape a hotel maid in New York.
"I have decided to present my candidacy. I did this after an agreement with President (Nicolas Sarkozy) and Prime Minister (Francois Fillon.. more
Aflac's CEO is Daniel Amos, whose father Paul Amos co-founded the quack-tastic insurance company with his two brothers -- Daniel's uncles -- John and Bill Amos in 1955. It originally had the name American Family Life Insurance Company, but 'Insurance' was changed to Assurance in 1964 (imagine if it had been AFLIC) and the name wasn't slimmed down to the current acronym until over three decades lat.. more
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