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TV ratings shake-up challenges Nielsen
Top US media companies and marketers, frustrated by the glacial pace of development in the critical business oflack of accuracy in counting an accurate count of viewers in the digital age, are working quietly on their own have created a consortium to potentially challenge the grip of the dominant force in the TV audience measurement business.
FT

California to halt IOUs by Sept. 4
California will stop using IOUs to pay its bills by Sept. 4, relieving taxpayers, local governments and businesses from shouldering the state's debt.
Market Watch

CIT gives New York Fed oversight of restructuring
CIT, the troubled US small business lender, made an agreement with the Federal Reserve Bank of New York, its primary regulator, giving the Fed detailed oversight of its restructuring plans and veto power over dividend payments and other shareholder-friendly activity.
FT

New Hines Global REIT Announced
HOUSTON--(BUSINESS WIRE)--Hines, the international real estate firm, announced today the commencement of the initial public offering of Hines Global REIT, a public non-traded real estate investment trust. The company
Business Wire

Prudential Aided by Move Back to Basics
Prudential CEO Mark Tucker is leaving on a high. His strategy to write profitable business rather than maximizing sales is paying off for Prudential.
Wall Street Journal

Penford Announces Contract for Sale of New Zealand Operations (Business Wire)
CENTENNIAL, Colo.----Penford Corporation announced today that Penford Australia Limited, a wholly-owned subsidiary, has entered into a contract to sell 100% of the shares of Penford New Zealand Limited to a New Zealand private investment company.
yahoo.com

Peter Cruddas prepares for CMC flotation
Peter Cruddas the City of London's richest man has returned to daytoday management of CMC Markets as he prepares to float his financial trading business - possibly in 18 month's time.
Telegraph

Alibaba close to China acquisition
The move is part of a continued aggressive expansion drive as the world's largest online marketplace for trade tries to win business through e-commerce amid the global economic crisis
FT

Indian biz loses Rs 11,640 crore every year on poor service: Survey
Business in India loses revenues up to Rs 11,640 crore every year due to poor service as customers abandon transactions or end relationships when companies do not meet their expectations, a survey says.
Business Standard

Pranab sees revival in second half
Finance Minister Pranab Mukherjee today said that the economy was expected to revive in the second half of the year on the back of the latest Index of Industrial Production numbers, return of foreign institutional investors to the markets over the last two months and the normal functioning of the credit markets.
Business Standard

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