Facebook settles the case on privacy issues

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Source: BBC

Facebook was accused of violating privacy rights of its users in 2009 when the social network made user details available publicly. The Federal Trade Commission announced today the case was settled with the Facebook did not admitting guilt and no fines imposed on the company. However, Facebook has to make stricter privacy controls and the company must undergo checks on privacy issues regularly.

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Wed, 30 Nov 2011 12:52:23 GMT

Copper prices may boost on the possible supply shortage

Ongoing strikes in the mines producing copper coupled with rising concerns over political clashes in Congo, the second largest copper producer, add to the probability of copper deficit in the next year. Currently copper prices are weak due to pessimistic economic outlook; however, decreasing supply of the raw metal may lead to a highly bullish sentiment on the market. At the moment copper is trading

Wed, 30 Nov 2011 13:11:30 GMT

Allianz to restructure its property lines and decrease jobs

Allianz SE plans to restructure its real estate insurance operations in Germany; the revamp will involve layoffs and new products' launch being in line with the company's long-term strategy, reported Markus Riess, chief executive of Allianz Germany. The company projects the sales to achieve EUR9.5 billion by 2014 while currently it implements cost reduction strategy by eliminating 400 jobs by the same year.

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