BusinessA glance at the agreement for the Cyprus bailoutBRUSSELS – Authorities from Cyprus and the so-called troika of international lenders – the European Commission, the European Central Bank and the International Monetary Fund – reached agreement on a bailout loan for the country of up to 10 billion euros.  Apple’s iPad to fall behind Android as tablet war growsShipments of tablets running Google Inc’s Android will overtake the iPad this year for the first time, research house IDC predicted on Tuesday, as Apple Inc cedes more mobile market share to hard-charging rivals around the globe. Horsemeat scandal: ‘Tougher testing’ by retailers ordered“People should have absolute confidence in what they are buying. The responsibility for that lies with the retailers, who need to be absolutely sure that what they’re selling is what they think it is. Plaza Hotel in New York sold to Indian billionaire
Indian billionaire Subrata Roy has bought the luxury Plaza Hotel at the corner of Central Park in Manhattan. Mr Roy’s Sahara group, known for its sponsorship of Indian cricket and motor sports, paid the US-Israeli retailer El Ad $575m (£360m) for its 75% stake. The remaining 25% of the hotel is being retained by its current owner, Prince Alwaleed bin Talal of Saudi Arabia, via his Kingdom Holding group. Toyota leads US car sales
New car sales in the US posted the best month in more than four years, with Toyota Motor showing the biggest rise. Toyota saw sales rise U.S. SEC says shuts ZeekRewards.com $600 million Ponzi schemeZeekRewards.com, created in January 2011 by Paul Burks and touted as a “private, invitation only, affiliate advertising division” of penny auction website Zeekler.com, promised investors up to 50 percent of “daily net profits” through a system based on rewards points, the SEC said. Libor scandal: Seven banks summoned in US probeUS regulators said they were investigating potential involvement by other banks in the Barclays scandal. Consumers Prefer to Get More Rather than Pay Less – Because They’re Bad at MathWhen offered the possibility of 33% off a product or the same product with 33% more quantity, which would you choose? No EU trademark for chocolate rabbit, says courtLindt and Spruengli have made the rabbit since 1952 and applied for an EU trademark in 2004. Pepsi brings back Michael Jackson in adsThe Purchase, N.Y.-based company on Thursday is announcing its deal with the estate of Michael Jackson to use the late pop star’s image for its new global marketing push.
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