May 7 Headlines
Facebook looks to video ads as it seeks new revenue streams
Colony's $2 bln bid for IMG rejected in favour of auction
BofA reaches $1.7 bln mortgage settlement with MBIA
European Commission charges Motorola over patent
U.S. plans sale of remaining GM stake
Protests mount on use of BP Gulf spill funds
U.S. regulators eye Bitcoin supervision
Facebook plans to incorporate video advertising in
its newsfeed starting July as the company looks to new revenue
IMG Worldwide this year received an unsolicited bid of over
$2 billion from private equity company Colony Capital.
Bank of America and MBIA Inc have resolved a
long-running legal tussle with the bank agreeing to pay the bond
insurer $1.7 billion.
The European Commission said Google's Motorola
Mobility was abusing its position in the market by seeking and
enforcing an injunction against Apple in Germany over a
The U.S. Treasury plans to sell the remainder of its stake
in General Motors acquired when the government bailed out
Environmentalists have expressed their anger over a plan to
build a convention center in Alabama using money given by BP
to restore the Gulf of Mexico coast.
Senior officials at the U.S. Commodities Futures Trading
Commission are evaluating whether cyber-currency Bitcoin could
fall under their regulatory jurisdiction.