Google ( GOOG) announced on Tuesday that it will begin selling electronic books through Google Edition. The site would allow publishers to sell digital copies of in-print books straight to consumers. Why Social Software Pilot Projects Fail (Forbes) This move pits Google against Amazon ( AMZN) in the e-book market. Amazon has been receiving criticism from publishers when it comes to its pricing strategy.
A strike in Greece turned violent this morning, as protests turn into riots, with protesters attempting to storm parliament. The protesters are angered over spending cuts being made by the government in an effort to stave off bankruptcy. On Tuesday, global markets were in a tizzy, with major U.S. indices posting their biggest losses in months. The major worry is that a $144 billion aid package won't be enough to mitigate Greece's growing debt crisis and that it will spread to other European nations.
Prudential Financial ( PRU) is a popular search after the company said it delayed a planned $21 billion share issue that would be used to fund the acquisition of Asia-based AIA Group.
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