Global News

"Japan's All Nippon Airways announced that it will issue new shares worth 200 billion yen ($2.5 billion) this month. It plans to use the proceeds to invest in strategic aircraft that have high economic efficiency, especially the state-of-the-art Boeing 787s. "

"The US 10-year Treasuries dropped Tuesday in Asia but their fall was limited by data released the previous day that showed unexpected weakness in the US manufacturing sector. "

"Following in the footsteps of the chairman of Barclays, Marcus Agius who resigned Monday over the interest rate-rigging scandal, chief executive Bob Diamond also quit Tuesday. He was under great political pressure to resign. "

"The $20.5 billion contract awarded to UnitedHealth group Inc by the Pentagon has been upheld by the Government Accountability Office. TriWest Healthcare Alliance Corp's hopes of being able to persuade the Defense Department to reconsider its decision were dashed. "

"The US manufacturing dropped in June, for the first time in three years indicating that economic growth is declining. A monthly report showed that there was a decline in production and exports and in the number of new orders received. "

"Vodafone Plc is in advanced talks with Hutchison Whampoa Ltd for a merger of the two companies' Irish telecoms infrastructure."

"Barclays Plc Chairman Marcus Agius resigned on Monday in connection with the interest rate rigging scandal that devastated the bank's reputation. Chief Executive Bob Diamond is still holding on to his job but he is under intense pressure to resign as well. "

"Wall Street stocks surged on Friday on the strength of an agreement by European leaders to stabilize the euro region's banks, to end a difficult quarter on a high note. S&P 500 had its best day since December 20. "

"Wal-Mart's plan to open a neighborhood grocery store in Chinatown in Los Angeles was opposed by thousands of protestors on Saturday saying that the move by Wal-Mart will hurt small businesses leading to layoffs and their closure. "

"Despite massive demonstrations against the restarting of nuclear reactors, the Japanese government has decided to restart Ohi's no.3 reactor saying that the step was essential to boost the economy and prevent shortage of energy during the summer. "

"Provo, Utah has displaced Raleigh N.C. as the best US city for business in a new ranking released Wednesday. It reached the top of the Forbes.com list due to its strong job growth and low crime rate. "

"An article printed in a newspaper published through news press release states that there was a time when a printed word in the newspaper was held sacrosanct. Now, the competition is driving the media to give a new meaning to the everyday events by twisting the facts. Stephan Cohen's moral panic model explains the methods used by the media top press release sites to exaggerate and distort the event. Moral panic refers to an exaggerated reaction given by the media or people to a particular event. The overreaction leads to exaggerated the seriousness of the event. The people or the group, social deviants who are targeted by the News Press Release driven media for causing the harm in the society are called folk devils, says Cohen."

"Nike's earnings in the fiscal fourth quarter dropped 7.6 percent missing Wall Street expectations as a result of weaker gross margins and higher marketing costs tied to product launches and two key global sporting events."

"The pioneer of the mobile email, RIM is passing through a difficult period as it has postponed the make-or-break launch of its next-generation BlackBerry phones until next year. It shares slumped 14 percent at $7.86."

"Japan's industrial output dropped to its lowest level since the March 2011 earthquake, down 3.1 percent in May from the previous month. Automobile output was limited by weakness in European demand."

"The faltering economic growth is not able to support job growth and June is expected to be another weak month in respect of the job market. The number of applications for unemployment benefits in the latest week is above a level that is too high to lower the unemployment rate. "

"Petronas, Malaysia's state oil company, has offered to acquire its Canadian joint- venture partner, Progress Energy Resources by making a friendly bid of C$4.8 billion ($4.7 billion), amounting to C$20.45 a share."

"Nissan is planning to add 1,000 jobs at its Canton plant in Mississippi as it is planning to start production of the Sentra compact sedan and two previously announced vehicles at the plant later this year."

"IT services giant Accenture Plc Thursday reported an increase in third-quarter profit, as revenues grew at all operating groups and geographic regions, especially in outsourcing business."

"Credit Suisse Group AG said that it is confident that it will report a profit for the group and all divisions for the second quarter. The bank's shares jumped as much as 4.8 percent in Swiss trading, and rose 2.9 percent to 17.06 francs by 9:55 am local time. "