News Headlines - 10 August 2012

▽Manchester United Prices I.P.O. at $14 a Share - NYTimes.com

As publicly traded stocks, professional sports teams have generally been losers. Manchester United, one of the world’s most popular soccer clubs, will soon find out whether its winning ways on the field will make it a rare exception. It is off to a rough start. On Thursday, Manchester United, which raised $4.3 billion, priced its offering at $14 a share, below the expected range.

▽Google to pay record $22.5m fine to FTC over Safari tracking | guardian.co.uk

Google is to pay a record $22.5m (￡14.4m) fine to the Federal Trade Commission (FTC) in the US after it tracked users of Apple's iPhone, iPad and Mac computers by circumventing privacy protections on the Safari web browser for several months at the end of 2011 and into 2012. The fine is the largest paid by one company to the FTC, which imposed a 20-year privacy order on Google in March 2010 after concerns about the launch of its ill-fated Buzz social network.

▽Goldman to sell Japan contractor Fujita for $636 million | Reuters

Goldman Sachs (GS.N) will sell Japanese contractor Fujita Corp to Daiwa House Industry for 50 billion yen ($636 million), Daiwa said on Friday, marking another exit by the U.S. bank from its investments in Japan.

▽Russian underground Islamic sect: child abuse investigation launched - Telegraph

The discovery of an Islamic sect in Russia, where 70 people including 27 children were discovered living in a catacomb, has led prosecutors to open a child abuse investigation.

▽South Korean Leader’s Visit to Disputed Islets Increases Tension With Japan - NYTimes.com

President Lee Myung-bak of South Korea flew to a set of islets locked in a territorial dispute with Japan on Friday, dismissing protests from Tokyo and making a trip that was bound to heighten diplomatic tensions between Washington’s two key Asian allies.