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    BUSINESS TOP STORIES

    Google gets China OK for Motorola deal

    FILE - In this May 11, 2011 file photo, attendees chat at the Google IO Developers Conference in San Francisco. Authorities in China have approved Google Inc.'s bid to buy phone maker Motorola Mobility, clearing the way for the $12.5 billion deal to close early next week. The Chinese government approved the deal on Saturday, May 19, 2012, Google spokeswoman Niki Fenwick said. (AP Photo/Marcio Jose Sanchez, File)Authorities in China have approved Google Inc.'s bid to buy phone maker Motorola Mobility, clearing the way for the $12.5 billion deal to close early next week.




    GM passes on running TV ads during 2013 Super Bowl

    A General Motors logo is seen on a Denali vehicle for sale at the GM dealership in CarlsbadDETROIT (Reuters) - General Motors Co will not advertise in next year's Super Bowl because it is too expensive, the top marketing executive for the U.S. automaker said three days after the company announced it was dropping paid ads on Facebook Inc. The 2013 Super Bowl will be broadcast by CBS Corp, which is selling 30-second ads for as much as $4 million. Spots on NBC's broadcast of this year's National Football League championship game, the most heavily watched annual event on U.S. television, cost about $3.5 million per 30-second spot. NBC is majority-owned by Comcast Corp. ...




    Obama wants new banking rules put in place soon

    President Barack Obama waves as he walks from the White House in Washington, Friday, May 18, 2012, to board Marine One, as he travels to Camp David for the G8 Summit. (AP Photo/Carolyn Kaster)President Barack Obama says the big trading loss at JPMorgan Chase shows the need to finally put in place banking rules he signed into law two years ago. He also is calling on Congress to stop trying to weaken the regulations.





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    StanChart Kenya Q1 profit up 41 pct

    A fuel attendant handles Kenyan shilling notes at a petrol station in the capital NairobiNAIROBI (Reuters) - Standard Chartered Bank of Kenya posted a 41 percent rise in quarterly pretax profit, helped by higher revenue and a smaller provision for bad debt. "Consumer banking income momentum has continued while wholesale banking has also had a strong start to the year with a record performance in client income," chief executive Richard Etemesi said on Thursday. "Both the businesses enter the second quarter with good momentum, but we remain vigilant about the global outlook and the uncertainties within the political and economic environment in Kenya. ...




    Kenya's 2012 tourism earnings to dip on euro crisis, attacks
    NAIROBI (Reuters) - Kenya's white sandy beaches look set to have fewer visitor footprints meandering over them this year. While this may be good news for Europeans seeking escape from economic storms at home, it is bad news for Suresh Sofat's tour firm and other Kenyans hoping to cash in on hard currency earnings - especially after 2011 was year of plenty for them. Sofat, 73, who runs Somak Travel, a 44-year old family business, now sees a difficult time ahead after the euro crisis and deadly attacks blamed on al Qaeda-linked militia have seen travel bookings fall sharply. ...

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  • LAUNCHING A BUSINESS

    Business incubator wants to broaden Napa’s economic diversity
    Could the Napa Valley produce the next big smartphone application or Internet innovation?

    Is India's Growth Story in Awry?
    Bangalore: India’s growth seems like a dream.

    SMALL BUSINESS LOANS

    Boston Beer Co. expands loan program to Colorado
    Boston Beer Co. announced today that is expanding a small-business loan and coaching program to Colorado.

    Keep eye on social media giants
    Superdockets founder Tony Vercauteren believes every company in New Zealand, big or small, should be looking over their shoulder at Google, Facebook and Twitter.


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