Zings Of The Day July 5, 2011

OM Group Inc. (NYSE: OMG), the world's largest cobalt producer, is going to buy Vacuumschmelze GmbH & Co. KG from One Equity Partners LLC for around $1 billion. For $1 billion, you better get a new name. That's way too many letters.

Mobile operators in the European Union will be ordered to cap the costs for data services while being used abroad. Oh good. Facebooking in Hungaria just shot up 1000%.