This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.
Apple’s (AAPL) Worldwide Developers Conference will be held at San Francisco’s Moscone West June 11 to 15, the company has announced. Just like last year, the conference will focus on Apple’s two major software platforms: iOS and OS X. 'We have a great WWDC planned this year and can’t wait to share the latest news about iOS and OS X Mountain Lion with developers,' said Philip Schiller, Apple’s senior vice president of Worldwide Marketing.
Wall Street Journal: China Real Time Report
Popular Chinese microblogging service Sina Weibo
(SINA) put users on notice on Tuesday by announcing the closure of accounts found to be spreading “malicious political rumors.” Apparently, they weren’t done. Yang Haipeng, a Shanghai-based journalist who has been a prolific source of information about developments in the saga surrounding former Chongqing Communist Party boss Bo Xilai’s, said he received a call from a friend at 8 a.m. on Wednesday informing him that his Sina Weibo account had been closed. He said he didn’t receive an explanation from Sina, and isn’t going to argue the closure of his site “because it won’t be any use.”
Link: What Your Klout Score Really Means
Last spring Sam Fiorella was recruited for a VP position at a large Toronto marketing agency. With 15 years of experience consulting for major brands like AOL (AOL), Ford (F), and Kraft (KFT), Fiorella felt confident in his qualifications. But midway through the interview, he was caught off guard when his interviewer asked him for his Klout score. Fiorella hesitated awkwardly before confessing that he had no idea what a Klout score was.
One of the primary characteristics of the U.S. coastal housing markets, after the dust settled from the collapse of Lehman Brothers, has been a sustained period of high-end market strength. Trophy properties are seeing new demand. The sudden end to an era of reckless bank underwriting and subsequent entry into a period of fiscal austerity was expected to disproportionately crush the luxury housing market. Easy access to credit allowed for many consumers to live beyond their means.
New York Times: Deal Book
Louis J. Freeh, who gained prominence in Washington as director of the Federal Bureau of Investigation, delivered a broad defense on Tuesday of his latest role as bankruptcy trustee for MF Global. Mr. Freeh, who has drawn heat for his handling of the case, brushed away criticism at a Congressional hearing that he had prevented the brokerage firm’s customers — hedge funds and farmers among them — from recovering their money.
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