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Business News on June 16, 2012

Rupee devaluation hits machine tools' production in Rajkot
The devaluation of rupee has hit the local machine tools manufactures here. ANI

Apple, Samsung account for 90 percent of smartphone profits
Korean mobile maker Samsung and US-based tech giant Apple have captured over half the global market for smartphones and over 90 percent of its profits, according to a research firm. ANI

Eurozone problems will dampen global markets: Manmohan Singh
Asserting that G-20 leaders will meet once again in the shadow of the economic crisis, Prime Minister Dr. Manmohan Singh on Saturday voiced concern that continuing problems in the eurozone will further dampen global markets and adversely impact India's own economic growth. ANI

Rare Apple 1 computer sold for staggering 240k pounds at Sotheby's auction
A rare first ready-made Apple 1 personal computer, has been sold for a staggering 240,929 pounds at an auction at Sotheby's, London. ANI

Gupta's lawyers claim prosecutors lacked 'hard, direct' proof in insider trading case
Lawyers for former Indian-American Goldman Sachs director Rajat Gupta, who has been found guilty of insider trading, said that prosecutors lacked 'real, hard, direct' evidence against their client. ANI

Facebook technology chief Bret Taylor quitting to start new firm
Social network giant Facebook's chief technology officer Bret Taylor has announced he will be leaving the company in the coming weeks to start a new firm. ANI

Liz Imperio Choreographs Opening Samba at 34th Annual Playboy Jazz Festival for Headliner, Sheila E.
If anyone knows how to sex up a show, it's Emmy award winning choreographer, Liz Imperio. Liz is now bringing her sultry and seductive moves to the 34th Annual Playboy Jazz Festival, as she will be choreographing a tantalizing samba as the opening number for American drummer and percussionist Sheila E. Best known for her work with Michael Jackson, Prince, and Ringo Starr, Sheila E MarketWire

Grayslake Orthodontist at iDentity Orthodontics Takes Part in French Research
Dr. Michael Stosich, a Lake Forest and Grayslake orthodontist and craniofacial expert, recently left for Montpellier, France to participate in a French and American medical team collaboration conducting research on complex orthodontic and craniofacial cases. MarketWire

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