What Happened on 09 August 2012

Egypt's Mursi fires officials after Sinai attacks

Egyptian President Mohammed Mursi has dismissed the country's intelligence chief and the governor of North Sinai province. The decision comes… Read More.

Libya's NTC hands power to newly elected assembly

Libya's interim National Transitional Council (NTC) has handed power to a newly elected assembly, nearly a year after the ousting… Read More.

South African jailed in Anni Dewani honeymoon murder

A South African man has been sentenced to 25 years in prison for the murder of Swedish woman Anni Dewani… Read More.

Standard Chartered rejects Iran allegations

The chief executive of Standard Chartered has said it "fundamentally rejects" accusations that it laundered as much as $250 billion… Read More.

News Corp posts $1.6 billion Q4 loss

Rupert Murdoch's News Corp has reported a fourth quarter loss of $1.6 billion. The net loss compares with a net… Read More.

McDonald's reports worst same-store sales in 9 years

McDonald's has reported flat sales in July across its global established restaurants, its worst performance in more than nine years.… Read More.

Nairobi to bid for 2024 Olympics

The Kenyan capital Nairobi is planning to bid for the 2024 Olympics and become the first African city to host… Read More.

Ex-GM exec failed to disclose soccer deal's full costs, sources

General Motors fired its global marketing chief last week for failing to fully disclose that as much as a third… Read More.

Starbucks to use Square for payments

Starbucks has signed a deal to use Square Inc to process payments at its U.S. coffee shops. The announcement comes… Read More.

Samsung to investigate child labor allegations

Samsung Electronics is to launch a probe into allegations that one of its suppliers hires child workers. New York-based campaign… Read More.

Rapper Rick Ross claims 4th No. 1 album on Billboard chart

Rapper Rick Ross has scored his fourth No. 1 album on the Billboard 200 chart, as his solo album God… Read More.

Rap reggae pioneer Ranking Trevor killed in Jamaica

Ranking Trevor, one of the most prominent figures of 1970s rap reggae music, has died in a traffic accident in… Read More.