The latest business news around the world. Written by Market Business News's very own editorial team to deliver reliable, up to date, and honest news.

ITC Apple import ban overturned

The Obama administration has overturned a ban on older models of iPhones and iPads being sold in the USA. This is despite the ITC (International Trade Commission) ruling that Apple had violated Samsung patents. The ITC, officially known as…

Newsweek bought out by IBT Media

Newsweek has been bought out by IBT Media from IAC/InterActiveCorp (IACI). IBT believes that it is capable of making the brand very profitable. IBT Media did not disclose the terms of the deal. IBT is a 100 percent digital company. The 80…

Boston Globe sold for just $70m

The Boston Globe has been sold by The New York Times for just $70m, a fraction of the $1.1bn it paid for the newspaper two decades ago. The Boston Globe has been sold to John W Henry, who owns the Boston Red Sox baseball team and Liverpool…

Jobless rate drops to 7.4%, USA

The American economy added 162,000 jobs in July, bringing the jobless rate down to 7.4%. In July 2012, 8.2% of U.S. adults were jobless. Economists were largely disappointed with yesterday’s figures. A good chunk of these new jobs came from…