Main market news here.Apple Inc. (NASDAQ: AAPL) recently started selling songs without copy protection software at its iTunes Store. While this has given consumers new flexibility, concerns were raised by The Electronic Frontier Foundation, a consumer watchdog group, over the company's inclusion of personal data in purchased music tracks. Apple declined to comment.
Jeff Bezos told The Wall Street Journal that Amazon.com, Inc. (NASDAQ: AMZN) will boost its effort in China. Amazon would put more capital into China, where it lags behind its chief local competitor, Dangdang.com. Free shipping and personal purchase recommendations are competitive measures Amazon will add.
Shares in Germany's Commerzbank jumped over 3% on Tuesday on market talk that Citigroup Inc. (NYSE: C) was likely to bid about €45 for the bank, traders said, but sources familiar with the matter played down the rumor. Citigroup and Commerzbank declined to comment.
The U.S. appeals court Monday overruled the FCC on its decency ruling, saying the FCC decision that expletives uttered on broadcast television violated decency standards was "arbitrary and capricious." This was a major victory for TV networks (Fox (NWS), ABC (DIS), NBC (GE), CBS (CBS) etc.), but the FCC could still appeal as the matter was sent back to the commission to clarify its indecency policy.
A european newspaper quoted the Benelux head of General Electric Co (NYSE: GE), saying the company is eyeing up takeover targets in Belgium in the property and financial services sector and in the port of Antwerp.
General Motors Corp. (NYSE: GM) shareholders are set to vote today on proposals concerned with how investors vote for board members and how executives are paid when financial results are restated. While the proposals are non-binding, they could send a message of investor unrest to management.
Salesforce.com Inc. (NYSE: CRM) joined forces with Google Inc. (NASDAQ: GOOG) to make Web-based software applications that help businesses improve sales and marketing. The combination links Salesforce's Customer Relations Management (CRM) software with Google's AdWords online advertising system. Salesforce will resell the Google AdWords platform, acting as an official distribution channel.
The Coca-Cola Co. (NYSE: KO) announced it is funding a $20 million project to conserve seven major rivers worldwide and also will revamp its bottling practices to reduce pollution and water use.
IAC/Interactive Corp's (NASDAQ: IACI) Ask.com will introduce today "Ask 3D," a more dynamic way of displaying search results. The Oakland-based company will sort its results into three vertical panels. The right panel will be devoted to relevant photos and multimedia results.
Enbridge Inc.(NYSE: ENB) and ExxonMobil Corp. (NYSE: XOM) agreed to jointly assess the commercial development of a new pipeline project to transport crude oil from Patoka, Illinois, to Beaumont, Texas, and onward to Houston.
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