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What Happened on 03 August 2012

Rebekah Brooks formally charged over phone hacking

Former News International boss Rebekah Brooks has been formally charged over phone hacking, according to Scotland Yard. Brooks answered bail… Read More.

New Egyptian cabinet sworn in

Egypt's new cabinet has been sworn in by President Mohammed Mursi in the capital Cairo. Prime Minister-designate Hisham Qandil selected… Read More.

Kofi Annan steps down as UN-Arab League envoy

UN-Arab League joint special envoy to Syria, Kofi Annan, has announced he is stepping down from his post. Speaking at… Read More.

HMV chief executive to step down

The chief executive of UK music, films and games retailer HMV is to resign next month. The company said Trevor… Read More.

GM posts quarterly loss due to weakening euro

US car giant General Motors (GM) has reported a drop in profits due to weak sales in Europe as the… Read More.

RBS to face Libor involvement grilling

British bank RBS is to be questioned over the extent of its involvement in the Libor rate rigging scandal when… Read More.

Inter Milan sells stake to China investors

Inter Milan has announced that a group of Chinese investors is set to become its second-largest shareholder. The Italian soccer… Read More.

Ferguson denies reports of financial gains from Manchester United stock

Manchester United manager Alex Ferguson has dismissed claims he will gain financially from the Premier League club's flotation on the… Read More.

Sharp to cut 5,000 jobs due to mounting losses

Japan's Sharp Corporation is to cut 5,000 jobs, just under 10 percent of its workforce, in a bid to lower… Read More.

LinkedIn reports drop in quarterly profits

Business networking site LinkedIn has reported a decline in its quarterly profits. Net profit in the three months to June… Read More.

Tiesto tops Forbes highest-paid DJs list

Electronic dance music DJ Tiesto has been named the world's highest paid DJ by Forbes.com. The Dutch DJ, whose real… Read More.

Sorkin denies firing Newsroom writers

Oscar-winning writer Aaron Sorkin has dismissed reports that he has fired his writing staff as he defended his show set… Read More.