John Simpson News
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The black middle class in South Africa, which held its first all-race elections in 1994, has more than doubled in size over the past eight years, exceeding the number of white people in the same bracket and the amount of money they spend.
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Sonoma County wine company Truett-Hurst is planning to raise a net $26.5 million through an initial public offering of stock, Wine Spectator reported.
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The head winds grew so intense during the 508-mile race through California’s Mojave Desert and Death Valley that Joshua Friedman told his teammates he thought he would be blown off his bike. Instead of tumbling down, the hedge-fund manager powered through his 86-mile leg of the Furnace Creek 508, showing little fatigue after he dismounted his bike.
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At least 42 people were killed today when an explosion ripped through a commercial neighborhood dominated by Shiite Muslims in Karachi, a senior health official said.
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Canadians will have inflationary “feeling” in 2011, said Eric Bushell, chief investment officer, Signature Global Advisors, CI Investments. Bushell spoke at the Bloomberg Canada Economic Summit in Toronto today.
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Google Inc. agreed to pay $22.5 million, the largest fine ever levied by the U.S. Federal Trade Commission, to settle allegations that it breached Apple Inc.’s Safari Internet browser.
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A case of Chateau Lafite-Rothschild 2009 sold for 7,800 pounds ($12,200) on London’s Liv-ex wine market yesterday, a seven-month high on the exchange and extending gains which lifted it 7 percent from its December level, according to data on Liv-ex’s Cellar Watch website.
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The U.S. Federal Trade Commission is preparing an investigation of Google Inc. ’s dominance of the Internet search industry by alerting high-tech companies to gather information for the probe, three people familiar with the matter said.
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Dominique Strauss-Kahn, the former head of the International Monetary Fund, and Anne Sinclair, who would have marked 21 years of marriage on Nov. 26, have separated, French magazine Closer reported on its website.
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U.K. house prices rose 0.8 percent in July from the previous month to an average of 162,900 pounds ($256,400), the Land Registry said in an e-mailed statement today.
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