THE SMART NEWS SOURCE | Feb 10 2012 12:44 | LAST UPDATED Feb 10 2012 12:44 |
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Advocacy group fights Google's privacy changesAn advocacy group has filed a lawsuit hoping to derail Google's plan to merge user data from YouTube, Gmail and Google Plus in individual profiles. Pick n Pay's chief executive resignsPick n Pay has announced its CEO Nick Badminton would be leaving the company at the end of February, as it faces an up-hill from US retailer Walmart. Students tear holes in Facebook's privacy policiesAn Austrian group lobbying Facebook for better privacy controls is taking the site to task for letting users' data be published without permission. ArcelorMittal reports year's headline lossArcelorMittal SA Limited has reported a full year headline loss, hit by higher raw material costs and weaker sales but expects a better first quarter. Glencore, Xstrata agree to all-share mergerCommodities trader Glencore has reached agreement with Swiss mining group Xstrata on a merger that would create a global group worth $90-billion. Pinnacle Point appeared solvent, inquiry hearsThe director of Cape Point Vineyards has told the insolvency inquiry into Pinnacle Point in Cape Town that he believed the group was solvent. MTN shares fall after Iran bribery, nuclear support claimsMTN shares have tumbled amid claims it secured an Iranian contract through bribery and promises to drum up SA support for Tehran's nuclear ambitions. Business
Bulky Bidvest not appealing to allThe conglomerate remains an investor favourite but its size also counts against it. Social media
A public FacebookThe site is expected to sell a 10% stake for as much as $10-billion but there are doubts about its value. Facebook seeks $5bn initial public offering on Wall StreetFacebook has filed to go public and is seeking a $5-billion initial public offering -- the largest flotation by a Wall Street-listed internet company. Woolies guilty of good old-fashioned plagiarismThe ASA has found Woolworths wilfully contravened advertising standards by plagiarising Frankie's "Good Old Fashioned" phrase. Absa's deputy chief takes up new positionAbsa Group's Deputy Chief Executive, Louis von Zeuner, will, at his own request, move to a non-executive role in 2013. Dixons chief crosses over to AppleApple is hiring Dixons CEO John Browett, who drove a recent turnaround at the UK electrical retailer, to lead the iPad maker's retail expansion. Ailing TopTV helps CEO Vino Govender pack his bagsTopTV is set for a shake-up at the top, as the CEO of parent company On-Digital Media, Vino Govender, looks set to leave the broadcaster. Ntshingila appointed as Supersport CEOFormer Absa chief marketing and communications officer Happy Ntshingila has been appointed as SuperSport's new CEO. Implats selects Terence Goodlace as new CEOImpala Platinum Holdings has named Terence Goodlace as its new CEO to take over from David Brown who will step down at the end of June. Five possible buyers for bankrupt Saab: administratorUp to five companies are keen to buy Saab, one of the bankrupt Swedish carmaker's three administrators said on Sunday. Business
Drive to limit executive payGovernment and business could be in for a standoff over regulations on executive pay, if local authorities decide to tackle excessive salaries. BBC's 'crystal mark' aims to give viewers privacyThe BBC is creating a "crystal mark" charter allowing viewers to choose if they want the corporation to delete information it collects about them. Facebook adds £2bn to UK economyFacebook estimates that it contributes more than £2-billion a year to the UK, including the development of an almost £500-million "app economy". TOPICS IN THIS SECTION
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