Archive for May, 2011
Jobs to headline Apple launch, unveil iCloud
By Poornima Gupta and Sinead Carew SAN FRANCISCO/NEW YORK (Reuters) – Apple Inc CEO Steve Jobs leaps back into the spotlight next week to showcase the iPad maker’s latest software and is widely expected to unveil an online music storage and streaming service. Apple shares rose 3 percent on news that Jobs, along with a [...]
Privacy group gets part of Google settlement-judge
SAN FRANCISCO (Reuters) – A U.S. judge approved a class action settlement over Google’s Buzz social network, and awarded $500,000 to an Internet privacy group that had previously been left out of the proposed deal. The Electronic Privacy Information Center (EPIC) filed a complaint with the Federal Trade Commission last year, saying Buzz threatened the [...]
Protest reported in Libyan capital
By Peter Graff TRIPOLI (Reuters) – Libyan leader Muammar Gaddafi has made clear that he will not step down, despite the first big protest against him in the capital in months and a U.N. warning on Tuesday that his government was running out of food. Gaddafi is emphatic he will not leave Libya, South African [...]
Digital investment pushes Indigo Books to a loss
TORONTO (Reuters) – Indigo Books & Music Inc slid to a loss in the fourth quarter on heavy charges for investments in its digital business such as its Kobo e-reader, results showed on Tuesday. Canada’s biggest retailer of books, electronic books and e-readers said earnings fell to a loss of C$11.7 million ($12.06 million), or [...]
Yahoo, Alibaba reach deal over Alipay-sources
By Nadia Damouni and Jennifer Saba NEW YORK (Reuters) – Yahoo Inc has resolved a dispute with Alibaba Group over the Chinese company’s transfer of its online payment system Alipay to Chief Executive Jack Ma, two sources close to the matter said. The two companies reached an agreement before Yahoo’s analyst meeting last Wednesday, one [...]
Ex-USS Cole commander enters Nevada congressional race
By Timothy Pratt LAS VEGAS (Reuters) – The former commander of the USS Cole, the Navy destroyer bombed by al Qaeda in Yemen in 2000, officially entered the race on Tuesday for the Nevada congressional seat vacated by Dean Heller. Kirk Lippold, 52, formally registered his candidacy less than a week after Tea Party favorite [...]
US SEC employee misled investors on fraud -watchdog
By Sarah N. Lynch WASHINGTON (Reuters) – A U.S. Securities and Exchange Commission employee invested in a company that was the target of an SEC fraud investigation and misled fellow investors into thinking their money was safe, the agency’s internal watchdog found. SEC Inspector General David Kotz disclosed the findings of his investigation in his [...]
US HHS proposes privacy rule on medical records
WASHINGTON (Reuters) – Patients could obtain a list of everyone who has accessed their electronic medical record under a rule proposed on Tuesday by the U.S. Department of Health and Human Services. Healthcare providers must currently keep track of everyone who accesses private medical records, but they do not have to provide that information to [...]
Greece hopes buoy Wall Street but investors still wary
By Ryan Vlastelica NEW YORK (Reuters) – Wall Street bulls took the upper hand with a 1 percent rally on Tuesday as hopes for a new plan to deal with Greece’s debt crisis relieved some investor worry, but grim economic data suggested more hurdles ahead as the S&P 500 closed out its worth month since [...]
US STOCKS-Greece hopes buoy Wall St but investors still wary
By Ryan Vlastelica NEW YORK (Reuters) – Wall St bulls took the upper hand with a 1 percent rally Tuesday as hopes for a new plan to deal with Greece’s debt crisis relieved some investor worry, but grim economic data suggested more hurdles ahead as the S&P 500 closed out its worth month since August. [...]
