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Business News on May 19, 2012


Murdoch's troubled British newspapers could be spun off into trust: Report
News International's embattled UK arms, The Sun, Times and Sunday Times, are likely to be spun off into a trust as part of plans being worked on by senior News Corp executives. ANI

Smartphones business may be natural corollary for Facebook to tap 'next billion' Internet users
Following its flotation, Facebook may now invest in 'smartphones' as the next agenda by the social media giant. ANI

Ex-Facebook employee says 'firm believes in celebrating new ideas, not money'
A former Facebook employee has said that the social networking giant does not believes in showing off money, and instead has a culture of celebrating new ideas and creating new products. ANI

Massive bank buyout saved Facebook embarrassment of stock dipping below starting price
Social networking giant Facebook narrowly avoided the embarrassment of its stock dipping below the 38 dollar a share starting price because the banks advising it stepped in to buy. ANI

Facebook hit with $15bn lawsuit alleging 'violation of users' privacy'
Social networking giant Facebook has been hit with a class-action lawsuit seeking 15 billion dollars in damages for violating the privacy of its users. ANI

Nasdaq glitches in Facebook IPO to be reviewed by SEC
The United States Securities and Exchange Commission (SEC) will look into the glitches in Nasdaq's handling of Facebook's Initial Public Offering (IPO), according to a report. ANI

The Boston Consulting Group Elects Rich Lesser as Its Next CEO
The Boston Consulting Group, one of the world's leading management consulting firms, announced today that Richard I. Lesser has been elected its next President and Chief Executive Officer, effective January 1, 2013. Lesser, 49, is currently BCG's Chairman of North and South America, based in New York. MarketWire

NorthStar Ford Group Canada Celebrates Victoria Day With 0 Percent Financing on Ford Fiesta, Escape, F-150 & Focus; Rebates up to $4,500; & Costco Members Get Extra $1,000 Off
NorthStar Ford Group is celebrating Victoria Day with unparalleled deals on the Ford Fiesta, Escape, F-150 and Focus May 24 - 28, 2012. In addition to these holiday specials, all NorthStar Ford Group dealerships are offering up to $4,500 in rebates and Costco members receive an extra $1,000 off their new car purchase. MarketWire

Dr. Brady Frank Dentist Voted Top Dentist Among His Peers
Dr. Brady Frank Dentist has been recognized by many dentists in the past for his contributions to the field, namely through his revolutionary techniques and willingness to teach his methods to others. But for the first time in his burgeoning career, Dr. Frank is being officially acknowledged for his excellence as a top dentist MarketWire

Reports in the international media
Company Announcement to the Danish Financial Supervisory Authority No. 26-2012, 19 May 2012 GlobeNewswire

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