♦Oprah Winfrey's Angel Network Charity to Close Down
Oprah Winfrey's charity, the Angel Network, is shutting down as her talk show draws to a close. The network stopped accepting donations this week and said on its Web site that it plans to dissolve as soon as its remaining funds are disbursed. [The Huffington Post]

♦Leader of First Black-Owned Business to Go Public Dies
African American business community leader and former Parks Sausage Co. chief executive Raymond V. Haysbert Sr. has died at age 90. Haysbert, who led Parks, the first black-owned business to go public in 1969, and the Baltimore Urban League, died Monday at Union Memorial Hospital. [The Grio]

♦Court Says Black Firefighter Lawsuit Can Proceed
The Supreme Court ruled Monday that a group of African Americans did not wait too long to sue Chicago over a hiring test they challenged as discriminatory, freeing them to collect a lower court judgment. [The Network Journal]

♦Apple Overtakes Microsoft as Biggest Tech Company
Apple shot past Microsoft as the world's biggest tech company, based on market value. It's the latest milestone for the maker of the iPhone, which nearly went out of business in the 1990s. [Reuters]


♦Most Europeans swindled by Madoff get money back
A majority of the European victims of Ponzi scheme mastermind Bernard Madoff got their money back, their lawyers said Tuesday in New York. About 720,000 investors, or 80 percent of Madoff's European clients, received a total 15.5 billion dollars after an agreement was reached with intermediary credit institutions, the lawyers said. Javier Cremades and Gaytri Kachroo told a press conference that most of Madoff's victims overseas had been reimbursed. [Google News]

♦Michigan Incentives Transforming Motor City To Movie Magnet
With flicks like "Machine Gun Preacher" starring Gerard Butler, "30 Minutes of Less" by "Zombieland" director Ruben Fleicher, 50 Cent's "Love Me or Love Me Not" and Dreamworks' $80 million sci-fi flick "Real Steel," with Hugh Jackman, all set to start production in Detroit this summer, one has to wonder if the state is really banking on the hosting gig. [The Atlanta Post]

♦Scientists prove even the thought of money spoils enjoyment
The idea that money does not buy happiness has been around for centuries, but now scientists have proven for the first time that even the thought of money reduces satisfaction in the simple pleasures of life. [PhysOrg.com]

♦Twenty-One Women Entrepreneurs Reveal Their Favorite Business Books
If you"re looking for some summer reading, take advice from the experts. We asked 21 women entrepreneurs what business books were most influential to them. Responses range from recent bestsellers like 'The Four Hour Workweek' to feminist classics such as 'Games Mother Never Taught You.' Read on to see what books Kathy Ireland, Nell Merlino and other women in business recommend. [Forbes]