Business

U.S. Food and Drug Administration Approves Johnson & Johnson’s Tuberculosis Drug Sirturo

January 1, 2013

“However, the agency cautioned that the drug carries risks of potentially deadly heart problems and should be prescribed carefully by doctors.”

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SeaWorld Public Stock? Company Seeks $100 Million IPO

December 27, 2012

“The company is owned by private equity firm Blackstone Group LP and plans to use money from the IPO to pay debt and make a payment to Blackstone.”

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Toyota Reaches Settlement of over $1 Billion in a Case Involving Vehicle Acceleration Problems

December 26, 2012

“Berman said the total value of the deal is between $1.2 billion and $1.4 billion.”

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Data: Employees at Paramount, Warner Bros., Disney, Sony, and 20th Century Fox Illegally Download Movies WHILE AT WORK

December 25, 2012

“For more than a decade the MPAA has waged war against “thieves” who dare to share their movies online. Online piracy is costing the creative industries billions of dollars in lost revenue, they say.”

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Class-Action Lawsuit Filed Against Instagram Over its Updated Terms of Services

December 24, 2012

“The suit says the plaintiff “is acting to preserve valuable and important property, statutory, and legal rights” before legal action is “forever barred by adoption of Instagram’s New Terms.”"

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SpaceX Grasshopper Rocket Successfully Launches 40 Meters and then Lands Vertically

December 24, 2012

“The Grasshopper … is aiming to blaze a trail towards what many people think is a near-impossible task, to create the world’s first fully reusable orbital launch system.”

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U.S. House of Representatives Passes $640.7 Billion Defense Spending Bill

December 20, 2012

“The U.S. House approved legislation authorizing Defense Department programs and spending for the current fiscal year, including more money than the Obama administration sought for weapons built by Huntington Ingalls Industries Inc. and General Dynamics Corp.”

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IntercontinentalExchange Inc. Agrees to Buy the New York Stock Exchange (NYSE) for $8.2 Billion

December 20, 2012

“The buyer is IntercontinentalExchange Inc., which has become a financial powerhouse trading futures and derivatives involving commodities like oil and sugar.”

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Google’s New ‘Conversions API’ Criticized for Allowing Advertisers to Track Users’ Offline Activities

December 20, 2012

“The blog goes on to explain that in-store transactions, call-tracking and other online activities can be inputted into Google to be combined with other information “to optimize your campaigns based on even more of your business data.””

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Democratic Senator Al Franken Proposes Bill Requiring Cell Phone Apps to Gain Consent Before Location Tracking

December 20, 2012

“The Senator recently proposed legislation that attempts to require that companies that develop and sell such mobile apps must get our consent before such programs are installed on our mobile devices. The bill would prohibit the covert monitoring of a person’s location.”

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UBS Bank Fined $1.5 Billion for Manipulating LIBOR Interest Rates

December 19, 2012

“UBS will pay about $1.5 billion and two former traders face prison as the bank settled charges with U.S. and U.K. authorities for manipulating interest rates in a global conspiracy to boost profits and bonuses.”

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United States Fines Toyota $17.35 Million for Delaying Safety Recall Reports

December 18, 2012

“In early 2012, NHTSA officials began noticing a trend in floor mat pedal entrapment in 2010 Lexus RX sports utility vehicles.”

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Instagrift: Popular Photo Sharing Website Claims it has the Right to Sell Users’ Photographs

December 18, 2012

“The new intellectual property policy, which takes effect on January 16, comes three months after Facebook completed its acquisition of the popular photo-sharing site. Unless Instagram users delete their accounts before the January deadline, they cannot opt out.”

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Chinese Business Group Agrees to Buy 80.1% of American International Group’s Plane Leasing Unit

December 10, 2012

“The acquisition gives the group control of the world’s second-largest aircraft lessor as rising travel in China and Asia spurs demand for planes.”

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Facebook Intends to Exclude the Public from Future Privacy Policy Changes

December 9, 2012

“Only around 538,000 users have voted so far, and experts say it’s unlikely another 299.5 million let their voices be heard before the December 10 deadline.”

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