CA-BUSINESS Summary

Analysis: Google+ struggles to attract brands, some neglect to update

SAN FRANCISCO (Reuters) - To mark the Cinco de Mayo holiday this year, Domino's Pizza festooned its Facebook page with a string of posts, including an image of a Mexican-themed guacamole pizza that garnered over 2,000 "likes". But visitors to Domino's companion Google+ page on that day found less festive fare: The most recent post was from October 2012. Two years after introducing its social network, Google Inc is struggling to win over the brands and businesses that have been its most loyal customers in the Internet search market.

For banks in cyber heist, how to get their money back?

NEW YORK (Reuters) - Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say. Oman-based Bank of Muscat lost $40 million and United Arab Emirates-based National Bank of Ras Al Khaimah PSC (RAKBANK) lost $5 million in the global heist, U.S. prosecutors said on Thursday.

Chrysler recalls 469,000 SUVs worldwide over gearshift problem

(Reuters) - Chrysler Group LLC is recalling about 469,000 SUVs worldwide to update software after some vehicles' circuit boards were found to be transmitting signals that trigger inadvertent gear shifts to neutral, the No. 3 U.S. automaker said Saturday. Included are 2006- to 2010-model-year Jeep Commanders and 2005 to 2010 Jeep Grand Cherokees, of which about 295,000 are in the United States, 28,500 are in Canada and 4,200 are in Mexico. The remaining 141,000 are outside of North America.

Deutsche Telekom says U.S. listing helps it "attack" rivals: paper

FRANKFURT (Reuters) - Deutsche Telekom has given its U.S. operations more autonomy, positioning its business to compete better with bigger and smaller rivals, Chief Executive Rene Obermann told Germany's Welt am Sonntag newspaper. In an effort to turnaround its U.S. business, which has lost customers to AT&T and Verizon , the German telecoms provider floated its operations there after merging its T-Mobile USA unit with MetroPCS Communications.

Fed queries Bloomberg over reporters' access to client data

(Reuters) - Bloomberg LP customers, including the U.S. Federal Reserve and the U.S. Treasury, were examining on Saturday whether there could have been leaks of confidential information, even as the media company restricted its reporters' access to client data and created a position to oversee compliance in a bid to assuage privacy concerns. The financial data and news company, whose computer terminals are widely used on Wall Street, had allowed journalists to see some information about terminal usage, including when customers had last logged in, and how often they used messaging or looked up data on broad categories, such as equities or bonds.

Qatar postpones planned float of $12 billion investment firm

DUBAI (Reuters) - A planned floatation of Doha Global Investment Co, a $12 billion Qatari investment firm backed by assets from the Gulf state's sovereign wealth fund, has been postponed pending necessary approvals, a senior bourse official said on Sunday. Qatar unveiled plans to create the investment company in February and said its sovereign fund arm, Qatar Holding, will transfer $3 billion worth of assets into the new firm, with a similar amount raised in an initial public offering on the Qatar Exchange.

Kuwait Airways to sign $3 billion-plus Airbus deal: paper

KUWAIT (Reuters) - State-run Kuwait Airways will spend 850 million dinars ($2.98 billion) on 25 new Airbus jets and aims to lease a further 13 to upgrade its ageing fleet, a Kuwaiti newspaper reported on Sunday. Daily Al-Watan cited sources close to the decision-makers as saying that the airline would start receiving the new aircraft from Airbus, owned by aerospace and defense group EADS , from 2019.

Germany pushing for faster reform in euro zone: magazine

BERLIN (Reuters) - Germany wants further reforms and savings in crisis-hit euro zone states, according to a report obtained by German magazine Spiegel in which Berlin evaluates progress made under strengthened EU budget rules. The rules have managed to spur in all euro zone countries a "general political mobilization towards structural reforms and greater competitiveness", Spiegel cited the report as saying in its edition published on Sunday.

India IT watchdog investigating breach in ATM heist

MUMBAI/BANGALORE (Reuters) - The Indian government's cyber watchdog is investigating how security at two companies that are part of the country's vast IT services industry was breached in a global ATM heist that saw $45 million stolen from two banks in the Middle East. EnStage Inc, which operates from Bangalore, and ElectraCard Services, based in the Indian city of Pune, processed card payments for the two banks that were hit in the theft, several people familiar with the situation said.

Bank Muscat says mulling options to recover card fraud money

DUBAI (Reuters) - Bank Muscat , the main victim of a $45 million global cyber heist, is examining all options to recover the money it lost in an unprecedented fraud brought to light by U.S. authorities. In a globally coordinated campaign, hackers broke into two unidentified payment processing companies in India that handled the prepaid debit cards for two Middle Eastern banks, including Bank Muscat, U.S. prosecutors said on Thursday.

Source: http://news.yahoo.com/ca-business-summary-054959479.html

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