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Business News on May 26, 2012

Facebook eyeing Opera Software buyout to create own browser
Social networking giant is planning to buy a Norwegian software firm in a bid to launch its own browser, according to a report. ANI

Microsoft wins patent battle against Google's Motorola Mobility in Germany
A German court has ruled that Motorola Mobility infringed Microsoft patents by offering the option on its mobile phones that allows sending longer texts by dividing it into two parts. ANI

Yahoo eliminates digital newsstand 'Livestand' for iPads six months after launch
American web giant Yahoo has eliminated the digital newsstand Livestand for iPads, six months after unveiling the tablet magazine, claiming it as an attempt to make the struggling website company more active. ANI

'Biggest loser' Zuckerberg suffered $3.2 bln loss in week since Facebook floatation
Mark Zuckerberg, co-founder of the world's most popular social networking site Facebook lost 3.2 billion dollars this week as share values of his firm dropped 16.5 percent, according to a report. ANI

Facebook launches free 'Instagram rival' camera app for iPhone users
Social networking giant Facebook has launched a camera app for the iPhone that offers similar functionality to Instagram. ANI

Profiting Alongside India's Infrastructure Growth
Infrastructure investment needs in India are in excess of USD 1 trillion over the next five years, says Saud Siddique, Joint Managing Director, SREI Infrastructure Finance Limited. With the Indian government's commitment to growing the economy and the realisation that the country needs good infrastructure to achieve its targets, that translates into many opportunities for investors globally ACN Newswire

Prospering in the Petrochemical & Refining Sector
While oil spills and refinery explosions can be harmful to the surrounding areas, they can be catastrophic for the company itself. In today's environment where Petrochemical and Refining industry executives are attempting to meet the surging demand for petroleum products, having serious environmental issues, shutdowns and blackouts are not an option ACN Newswire

KJZZ 91.5 FM Wins Award for Investigating Untold Stories
KJZZ's Fronteras: the Changing America Desk has won its first national award for reporting. The National Headliner Awards are among the oldest awards of journalistic merit in the United States. MarketWire

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