Few Clouds 48° Good Afternoon
Few Clouds 48° Good Afternoon

Biz Buzz


Mortgage-help seminar set

Homeowners in foreclosure and those struggling to make mortgage payments can get free help Friday from 11 a.m. to 6 p.m. in Lindenhurst. Foreclosure prevention specialists from the state Department of Financial Services will staff a mobile command center at the Lindenhurst Memorial Library, at 1 Lee Ave. They will inform homeowners about loan modification programs and ways they can file complaints about abusive practices by lenders and mortgage servicers. Homeowners should bring any relevant documents, such as records of mortgage payments or correspondence from lenders or mortgage servicers. -- Maura McDermott


Pepsi putting 'pop' on Twitter

PepsiCo Inc. has lifted the curtain on its new music partnership with Twitter, saying it plans to offer free downloadable songs on its Twitter page and streaming video of live concerts this summer. The No. 2 soda company says the first "pop-up" concert will be in late June. Followers will be able to influence aspects of the concert, such as the set list, by tweeting the names of songs they want played. Pepsi is staying mum on which pop stars will perform, but the company has recently partnered with Nicki Minaj and Katy Perry in its marketing campaigns. Pepsi will post a weekly video summary of music news based on trending topics on Twitter. The free songs will be selected based on that video update.

Apple CEO sets sights on TV

Apple chief executive Tim Cook said television is an area of "intense focus for us" as the company seeks to add products to build on the success of Macs, iPhones and iPads. "We're going to keep pulling this string and see where it takes us," said Cook, in an interview at the D10 conference in Rancho Palos Verdes, Calif. Apple co-founder Steve Jobs, before he died last year, told his biographer he "finally cracked" how to build a TV with a simple user interface that would wirelessly sync content with Apple's other devices. The company is working on a television that may be unveiled this year and released in 2013, according to Gene Munster, an analyst at Piper Jaffray Cos.

Wal-Mart board facing protests

Retail giant Wal-Mart Stores Inc. is facing a wave of protests this week pushing for company leadership changes at its annual meeting tomorrow. Organizers said the protesters' goal is to oust some Wal-Mart board members and push for more corporate transparency in the wake of allegations of widespread bribery in Wal-Mart's Mexican subsidiary. Wal-Mart did not respond to requests for comment on the protests. Shareholders and Wal-Mart leaders will gather for the meeting in Fayetteville, Ark. The election of 16 corporate directors is on the agenda, in addition to shareholder proposals that seek to increase disclosure of company political contributions, as well as to investigate and report on the effectiveness of incentive-based compensation programs for Wal-Mart executives.


Facebook opens office in Dubai

Facebook Inc. launched its first office in the Arab world yesterday, aiming to drum up new advertising business from Dubai as investors fret over its struggling share price. The online meet-up site and other social networking tools were instrumental in connecting activists during the wave of protests and revolutions that reverberated across the region last year. But Joanna Shields, Facebook's vice president and managing director for Europe, the Mideast and Africa, said the decision to lay down roots in the region was purely commercial. The office is starting with three employees in Dubai's Internet City, a business park popular with tech firms including Microsoft Corp. and Google Inc. Facebook's website lists some 30 offices globally. -- AP

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