Citigroup Inc.'s experienced finance executive, Ajay Banga, who shoulders company's Asia-Pacific business, has been hired by MasterCard Inc., the 2nd biggest card network after Visa Inc. 

Mr. Banga, 49, is going to join MasterCard Inc. in August this year, as the president and chief operating officer of the company.

The financial regulator, Leroy King has been suspended by Antigua and Barbuda after his condemnation on charges of collaborating in an alleged scam worth $7 billion through Ponzi scheme run by Texas billionaire Allen Stanford.

According to VentureWire reports, the San Jose, California-based InSync Software - the provider of collaborative supply chain software applications for tracking assets-on-the-move - has secured a large part of the expected $4.7 million second round of funding.

The Menlo, California-based "voice-over-internet-protocol" startup Jaxtr has recently been taken over by the rather "telephony-as-a-service platform" Sabse. While the funding for the Mountain View, California-based Sabse remains undisclosed, the capital apparently comes from the company's CEO Yogesh Patel and the Hotmail founder Sabeer Bhatia.

In a surprising criterion laid down for jobs in the City of Bozeman, Montana, the prospective job-seekers - along with furnishing details like "background, references, character, past employment, education, credit history, criminal or police records" - need also to submit information pertaining to usernames and passwords for every account that the applicant may have set up with "

In a regulatory filing, Bank of America Corp said that the total number of top-rung members to have quit the company since April has risen to seven - with retired Admiral Joseph Prueher and retired General Tommy R. Franks resigning as directors on Wednesday, June 17.

According to an article in Times Online, the multi-billion game publishing bigwig Activision is reassessing its future support for Sony PlayStation 3. Most game developers opine that, given the competition in the game-console market, Sony should cut the $400 cost of PS3.

According to the Friday reports from the US Department of Labor, the unemployment rate in California for the month of May soared to a record 11.5 percent - marking the highest-ever jobless rate figures, in terms of "modern" records. Since May 2008 - when the unemployment rate was 6.8 percent - California has lost as many as 885,000 jobs.

Under a nationwide scheme launched on Friday by Alliance Boots, the country's biggest pharmacy chain, men in Britain will be able to buy Viagra from their pharmacist instead of a doctor.

According to a recent study giving nutritional supplements to elderly people could help slow sight loss and sharpen vision.