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No Waze For Facebook As Talks End: Report

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Facebook has ended billion-dollar talks to acquire Waze, a free social mapping and navigation application, AllThingsD reported, citing unnamed sources familiar with the matter.

EU Gives France Leeway as It Reprimands Belgium

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The European Commission (EC) has confirmed that France, Poland, Slovenia and Spain will get two year extensions to meet budget deficit targets, even as it added that spending cuts in France are "crucial" as unemployment is a continuing source of concern.

Switzerland Still Favorite Banking Hub

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The recent move by the Swiss government to allow banks to sidestep secrecy laws to reveal client names won't prevent them from depositing money in the country, said the CEO of Swiss private bank Julius Baer.