The league has signed a deal with the global surfwear company to create a line of boardshorts, with the rookie products to include the Heat, Lakers, Knicks, Celtics, Bulls, Mavs and Magic.

In its first national media push since becoming the official QSR for USA Basketball, Burger King will be the presenting sponsor for the selection show that will unveil the roster that will compete for gold in the 2012 Olympics in London.

If you don't include iPads and iPhones, the Mac versus PC ration isn't so rosy for Apple. The chart at the jump shows Microsoft-powered computers have regained the ground lost to Mac during Apple's ascendance. If the data included iPhones and iPads, it would be a different picture. That would actually be a more accurate picture given the fact that the boundaries between computers, tablets and smartphones are getting more and more arbitrary.

Best Buy founder and former chairman Richard Schulze is not expected to present a buyout or other proposal to the company's board anytime soon. Schulze owns more than 20% of the company's shares. He abruptly resigned from the Best Buy board last June and said he was exploring options for his ownership stake.

U.K. retailing giant Tesco PLC could give up its American supermarket venture, Fresh & Easy Neighborhood Market, if the chain continues to disappoint and not make a profit. In remarks at the company's annual meeting, Tesco CEO Philip Clarke said: "If we see there is no chance of success, we'll do as we've just done in Japan," referring to Tesco's deal this month to exit that market.

Bob Diamond has resigned as CEO of Barclays in the midst of a rate-rigging scandal. The American executive, highly regarded among his peers in the banking industry, said in an official statement today that "external pressure placed on Barclays has reached a level that risks damaging the franchise."

General Motors is holding talks with Facebook about a return to advertising on the social media giant's website, the automaker confirmed late Monday. Daniel Akerson, the automaker's chairman and chief executive, has held talks with Facebook chief operating officer Sheryl Sandberg about a possible return. GM has made no decisions, and wants more evidence that paid advertising on Facebook is effective, the company confirmed.

Lexus is now recalling two more models due to the possibility loose floor mats could cause accelerator pedals to jam, leading the vehicles to surge out of control. The two models covered by the latest recall are the Lexus RX 350 and RX 450h hybrid, with a total of nearly 134,000 vehicles involved. While the new actions are small compared to the millions of vehicles covered by earlier acceleration problems, it does put Toyota back in the wrong spotlight.

This Fourth of July, more Americans are, apparently, not buying. A fifth of Americans said they don't plan to celebrate Independence Day and those who do are planning to spend less than last year, according to a survey released Sunday of a little more than 1,000 people by Visa.

Applebee's, a 32-year-old chain with 1,865 locations in 49 states, is changing its food with a focus on fresh ingredients. It's changing the look of its stores to be contemporary. It also has a new campaign. Mike Archer, former president at T.G.I. Friday's and now president at Applebee's, explains the changes at Applebee's and why he thinks he can make Applebee's relevant to the next generation.