Turbulence and anxiety in the Eurozone have helped make this a volatile week on the markets. Global central banks are bracing themselves for worse and are moving to avert market panic ahead of the Greek election. Reports say they're preparing to take coordinated action to help banks by pumping in funds.
The group that governs Internet names is allowing for more "top-level domain names" — that's the technical term for endings like dot-com and dot-net. Nearly 2,000 applications poured in from companies hoping to grab domain name endings like dot-app, dot-eat and dot-baby. Google spent more than $18 million to apply for the rights to obvious endings like dot-google and dot-goog. It's also among seven companies that applied to own dot-love.
Often called Facebook for the workplace, Yammer lets co-workers share files, message each other and organize meetings and events. Microsoft targeted it much like it did Skype, the video-calling company it bought last May for $8.5 billion.
The country's economy has not only been slowing down recently — it's been slowing faster than expected. That's due largely to overly effective efforts by Beijing to rein in earlier blistering, and unsustainable, growth. Many say the downshift will continue unless the economy undergoes serious reform.
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