Bloomingdale&rsquo;s Chief Executive Officer Michael Gould is a fan of President Barack Obama&rsquo;s efforts to speed up tourist visas for Chinese and Brazilian shoppers.

US eyes retail growth with quick visas for tourists

Business Standard

Mark Zuckerberg may sell about $1.67 billion of Facebook Inc stock in the company&rsquo;s initial public offering to pay off taxes he will owe when he exercises options to buy 120 million shares.

Zuckerberg may sell $1.67 bn in FB stock to cover taxes

Facebook Inc, the social-networking company that&rsquo;s preparing for an initial public offering, had a valuation of at least $94 billion yesterday in an auction of its shares on the private market.

Facebook valued at $94bn in private auction

Greece&rsquo;s seven-month effort to win a second bailout from international creditors resumed on Saturday after negotiations overnight failed to clinch an agreement, with the country&rsquo;s stability hanging in the balance.

Greece talks enter 'final phase' on 2nd bailout

Oil gained for the first time in six days, paring a weekly decline, after the U.S. jobless rate fell to the lowest level in three years.

Oil rises for first time in 6 days on decline in US unemployment rate

In the cafeteria of Hurley Medical Center, in Flint, Michigan, a doctor walks up to the steam trays at the Cafe Spice kiosk, takes a spoon, and flicks two grains of rice pulao into his mouth.

Cafe Spice dishes out Indian food in US

Glencore International Plc, the commodities trader in talks to combine with Xstrata Plc, may need to offer as many as three of its shares for each one in the coal and copper producer to strike a deal.

Glencore may offer $40 bn to win Xstrata

European Union regulators vetoed Deutsche Boerse AG and NYSE Euronext&rsquo;s plan to create the world&rsquo;s biggest exchange after concluding the merger would hurt competition.

EU vetoes Deutsche Boerse-NYSE deal

Amazon.com fell as much as 7.3 per cent in German trading after sales missed estimates, signaling that its investments in media services, Kindle devices and shipping promotions have been slow to pay off.

Amazon's sales miss estimates, profit dips

Asia-Pacific nations including the world&rsquo;s most populous, China, have scope to boost spending and cut borrowing costs to protect their economies if the global slowdown worsens, an International Monetary Fund (IMF) official said.

'Asia's policy can shield global slump effect'

India, the world&rsquo;s second-biggest rice grower, may cut the minimum export price (MEP) of the basmati variety by $200 a tonne to boost shipments, according to a government official with direct knowledge of the matter.

Basmati export price may be cut by $200

Apple Inc named the chief executive officer of the largest UK consumer-electronics retailer to run its stores, ending more than seven months of searching for an executive to oversee international expansion.

Apple names Browett to lead retail biz

Facebook Inc's Sheryl Sandberg recently threw a fundraiser for President Obama, dining with Lady Gaga and the president himself. Last week, she was a highly visible co-chair of the World Economic Forum in Davos, Switzerland.

Facebook's Sandberg friends Gaga to Obama

Samsung Electronics Co is being probed by European Union antitrust regulators over licensing of patents to other mobile-phone manufacturers.

EU antitrust regulators probe Samsung over mobile patents

Twitter Inc said it planned to hire Shailesh Rao, who had been leading Google Inc's display-advertising sales in Asia. Rao will join Twitter, the microblogging service with more than 100 million users, later this year to work on the advertising side of the business, said Matt Graves, a spokesman for the company. Google spokesman Jordan Newman said Rao had left the company.

Twitter to hire Google's Shailesh Rao

European governments were warned against complacency as US and International Monetary Fund officials told leaders at the World Economic Forum to strengthen their crisis defences.

Europe pushed to bolster financial defences 

Hiring in the technology sector is gaining momentum.

Apple fuels Silicon Valley hiring amid job bubble concern

Copper fell for a second day in London on speculation prices climbed too high last week when markets were closed in China, the world&rsquo;s biggest consumer of the metal.

Copper falls for 2nd day in London on speculation prices rose too high

Facebook, the world&rsquo;s largest social-networking service, is aiming to file for its initial public offering (IPO) as early as next week, according to two people with knowledge of the matter.

Facebook plans IPO as early as next week

The Bloomberg-JPMorgan Asia Dollar Index climbed to a three-month high as money managers plowed more cash into regional bonds and stocks. Malaysia&rsquo;s ringgit hit a four-month high and the rupee touched the strongest level in 11 weeks. Gains were limited by concern Europe will struggle to forge a debt-swap deal involving 206 billion euros ($270 billion) of Greece&rsquo;s repayment obligations.

Asian currencies up for a fourth week on inflows, Fed outlook 

James Murdoch, News Corp.&rsquo;s deputy chief operating officer, is cutting some of his ties to London ahead of a move to New York that was delayed amid a phone-hacking scandal that engulfed the UK business.

Bloomberg

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