This is what's in the news for Monday, July 2, 2012. The Wall Street Journal reports Facebook (NASDAQ:FB) decided it will continue to list the company on the Nasdaq (NASDAQ:NDAQ) after determining that a move would further drain the company's shares. The Financial Times reports Apple (NASDAQ:AAPL) will pay $60M to settle a trademark dispute with Proview Technology, which had tried to block the sale of the iPad in China. Reuters reports five miners died at a Gold Fields (NYSE:GFI) mine in South Africa on Saturday from smoke inhalation. While fourteen miners had been admitted to the hospital after an incident on Saturday at the company's KDC West mine. Reuters reports Macau's gambling revenue growth rose 12.2% in June from a year earlier to $2.92B, faster than May's 7.3% gain. Analysts anticipated a 15% increase for June. Bloomberg reports Google (NASDAQ:GOOG) will face a formal investigation into whether its Motorola Mobility unit is honoring pledges it made to license its technology on fair terms, reports Bloomberg, citing three people familiar with the situation.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...