Reuters: Business News
Wall Street cuts losses on late buying
NEW YORK (Reuters) - Stocks trimmed losses to end little changed on Friday, as investors saw dips in the market as an opportunity to buy into what has been a strong first month of 2012.

Exclusive: Germany wants Greece to give up budget control
BERLIN (Reuters) - Germany is pushing for Greece to relinquish control over its budget policy to European institutions as part of discussions over a second rescue package, a European source told Reuters on Friday.

Exiting watchdog sees flaws in SEC's rulewriting
WASHINGTON, DC (Reuters) - In his final act before departing the Securities and Exchange Commission on Friday, the agency's inspector general, David Kotz, criticized how the agency analyzes the economic impact of some of its Dodd-Frank rules.

Goldman, Berkshire names surface in Gupta case
NEW YORK (Reuters) - The names of a Goldman Sachs board member and a top executive of Berkshire Hathaway surfaced on Friday as potential witnesses in the insider trading trial of Rajat Gupta, a former director of Goldman, Procter & Gamble and other companies.

Citigroup cut investment bank bonuses by 30 percent: report
(Reuters) - Citigroup has cut bonuses for its investment banking division by about 30 percent on average, Bloomberg said, citing a person briefed on the matter.

Subpoenas issued to financial firms in expanded probe
WASHINGTON (Reuters) - The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday.

Greece, creditors laboriously piece together debt deal
ATHENS (Reuters) - Greece and its private creditors head back to the negotiating table on Saturday to put together the final pieces of a long-awaited debt swap agreement needed to avert an unruly default.

Wall Street Week Ahead: Quest for the golden cross
NEW YORK (Reuters) - January has turned out strong for equities with just two trading days to go. If you're afraid to miss the ride, there's still time to jump in. You just might want to wear a neck brace.

Fitch cuts Italy, Spain, other euro zone ratings
NEW YORK (Reuters) - Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years.

Growth quickens, but speed bumps ahead
WASHINGTON (Reuters) - The economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a rebuilding of stocks by businesses and slower business spending warned of weaker growth in early 2012.

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Reuters: Top News
Fading Gingrich attacks Romney in ad
MIAMI (Reuters) - Newt Gingrich struggled to regain momentum in the Republican presidential race on Friday as two new polls showed him falling behind rival Mitt Romney, who was seen as the winner of the final debate before the Florida primary.
Fitch cuts Italy, Spain, other euro zone ratings
NEW YORK (Reuters) - Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years.
Growth quickens, but speed bumps ahead
WASHINGTON (Reuters) - The economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a rebuilding of stocks by businesses and slower business spending warned of weaker growth in early 2012.
Syria violence kills over 40
AMMAN (Reuters) - Security forces killed over 40 people in Syria on Friday, activists and residents said, as people in Homs mourned 14 members of a family they said were slain by militiamen in one of the worst sectarian attacks in a 10-month revolt.
Subpoenas issued to financial firms in expanded probe
WASHINGTON (Reuters) - The Justice Department issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors, Attorney General Eric Holder said on Friday.
Greece, creditors laboriously piece together debt deal
ATHENS (Reuters) - Greece and its private creditors head back to the negotiating table on Saturday to put together the final pieces of a long-awaited debt swap agreement needed to avert an unruly default.
In Facebook IPO, bankers seek prestige over fees
(Reuters) - Facebook's initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business.
Apple not turning "blind eye" to supply chain problems: CEO
SAN FRANCISCO (Reuters) - Apple Inc has never turned "a blind eye" to the problems in its supply chain and any suggestion it does not care about the plight of workers is "patently false," Apple Chief Executive Tim Cook said in an email to employees.
Obama seeks to rally Democrats to election-year fight
CAMBRIDGE, Maryland (Reuters) - President Barack Obama vowed on Friday to push back hard against Republicans who try to obstruct his election-year proposals on taxes and jobs, as he sought to rally congressional Democrats and move past a period of strained relations.
Ford hit by commodity costs, international woes
(Reuters) - Ford Motor Co reported a lower-than-expected fourth-quarter profit on Friday as commodity costs shot up and results from operations outside North America fell short of expectations.
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Reuters: World News
Syria violence kills over 40
AMMAN (Reuters) - Security forces killed over 40 people in Syria on Friday, activists and residents said, as people in Homs mourned 14 members of a family they said were slain by militiamen in one of the worst sectarian attacks in a 10-month revolt.
Libyan commander says will retake Bani Walid
SADADA, Libya (Reuters) - A militia commander whose troops were driven out of the Libyan tribal stronghold of Bani Walid this week said on Friday that his forces were massing to recapture the town but were holding back at the government's request.
Egypt plans to send delegation to U.S. as NGO furor mounts
WASHINGTON (Reuters) - A Egyptian military team plans to visit the United States next week as Cairo's crackdown on pro-democracy organizations has called into question the future of U.S. aid to Egypt, American officials said on Friday.
Strong quake jolts eastern Japan, no tsunami warning
TOKYO (Reuters) - A strong earthquake with a preliminary magnitude of 5.5 jolted eastern Japan on Saturday morning, but there were no immediate reports of injury or damage and no tsunami warning was issued.
Poll ruling sparks street clashes in Senegal
DAKAR (Reuters) - Protesters hurled rocks at police who retaliated with tear gas in Senegal's capital Dakar on Friday after a top legal body said President Abdoulaye Wade had the right to run for a third term in elections next month.
Cuban Communists to consider term limits for leaders
HAVANA (Reuters) - Cuba's Communist Party will consider reforms this weekend that could impose term limits on its leaders in what would be a striking change on an island that Fidel Castro ruled for 49 years and was succeeded by his brother.
Boko Haram leader tape threatens Nigeria forces
KANO, Nigeria (Reuters) - In an audio tape posted on the Internet, the purported leader of the violent Nigerian Islamist sect Boko Haram threatened to kill more security personnel and kidnap their families, and accused U.S. President Barack Obama of waging war on Islam.
Iran hits back at EU with own oil embargo threat
TEHRAN (Reuters) - Fighting sanctions with sanctions in a test of strength with the West over its nuclear ambitions, Iran warned on Friday it may halt oil exports to Europe next week in a move calculated to hurt ailing European economies.
Costa Cruises offers compensation to rescued passengers
ROME (Reuters) - Costa Cruises has offered 11,000 euros ($14,500) in compensation to each of the more than 3,000 passengers aboard its liner that ran aground and capsized two weeks ago, Italian consumer groups said on Friday.
Kidnapped Norwegian freed in Yemen
SANAA (Reuters) - A Norwegian working for the United Nations was freed on Friday, nearly two weeks after being kidnapped in the Yemeni capital Sanaa, the Interior Ministry said.
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DealBook
F.T.C. Sues to Block Omnicare's Bid for PharMerica
The Federal Trade Commission sued Omnicare, seeking to block the pharmacy service provider's hostile $441 million bid for PharMerica.
Perelman Loses Court Battle Over $16 Million Suit
Ronald O. Perelman, the billionaire financier, lost a bitter legal battle as a federal jury decided that his company must pay $16 million to Donald Drapkin, a former business associate.
Delta Explores Possible Bid for US Airways
Delta is exploring a possible bid to purchase US Airways, according to a person familiar with the matter. But Delta has not yet approached its smaller rival and it may decide against making an offer.
S.&P. Lowers Outlook on Jefferies and Cantor
Standard & Poors lowered its outlook on the Jefferies Group and Cantor Fitzgerald to negative from stable, saying the European debt crisis could weigh on their profits.
Buzz on a Facebook I.P.O. Grows Louder
Facebook may file a prospectus as early as next week, according to people with knowledge of the matter, who demanded anonymity because discussions are private. But the company is still hammering out a final date.
DealBook's Week in Review
A look back on our reporting of the past week's highs and lows in finance.
Congress To Hear From MF Global's Former Risk Chiefs
The congressional inquiry into the collapse of MF Global and its misuse of customer money is set to intensify next week, when a House committee hears testimony from the top executives once responsible for monitoring risk at the brokerage firm.
Citigroup to Close Prop Trading Desk
The bank is shutting its equity principal strategies desk, which made trades using the firm's own capital, the firm announced in an internal memo. Most of the desk's employees will leave Citigroup after Feb. 6.
Davos, in the Style of Occupy Wall Street
The protesters of Occupy W.E.F., short for World Economic Forum, framed the big issues of the day with the same high-minded conviction as the experts in the Davos conference center.
F.B.I. Looks Into Adviser on Chinese Reverse Mergers
The New York Global Group has helped bring Chinese companies public in the United States through reverse mergers, or buying the shell of defunct American companies that had been publicly listed.
Roche Begins Tender Offer for Illumina
Roche said on Friday that it had begun its unsolicited tender offer of $44.50 a share in cash for the shares of Illumina.
Davos Potpourri, Day 3: Masters of Creation
Despite being misunderstood by sci-fi nerds the world over, the event in Davos - the one in Switzerland - is proceeding at a brisk, impressive clip this week.
Another View: Private Equity Creates Value
The vice president of research at the Private Equity Growth Capital Council contends that the research on private equity is exhaustive and conclusive.
BNP Paribas Said to Be Selling $11 Billion of Loans
France's largest bank is looking to sell up to $11 billion of loans to oil and gas companies in an effort to reduce its loan book in the United States, according to people briefed on the matter.
Top Central Banker Urges No Delay to Basel III
Jaime Caruana, general manager of the Bank for International Settlements, says that he was against extending the phase-in period for new global banking regulations.
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NYT > Business
The Welsh Economy Slips, but London Cushions the Fall
The British government?s so-called money transfers prop up its poorer regions, keeping them from the kind of collapse suffered in euro zone nations like Greece.
When Twitter Blocks Tweets, It?s #Outrage
Twitter?s announcement that it would agree to block certain messages in countries where they were deemed illegal prompted outcry, argument and even calls for a boycott.
Carrefour Rethinks Its ?Bigger Is Better? Strategy
The French retailer is preparing to change leadership because of disappointing results from a move to increase store size amid the economic downturn.
Growth Accelerates, but U.S. Has Lots of Ground to Make Up
Whether the American economy, which grew last quarter at its fastest pace in a year and a half, can sustain that momentum is critical to millions of people out of work.
Fitch Downgrades Ratings of Italy and Other Countries
Citing near-term vulnerability, the agency lowered the credit ratings of Italy, Belgium, Cyprus, Slovenia and Spain and indicated there could be further cuts.
DealBook: Buzz on a Facebook I.P.O. Grows Louder
Facebook may file a prospectus as early as next week, according to people with knowledge of the matter, who demanded anonymity because discussions are private. But the company is still hammering out a final date.
New Fraud Investigation Group Issues Subpoenas to Financial Companies
Information is being sought from 11 financial companies related to their actions in the market for residential mortgage-backed securities.
Ford Posts Third Straight Annual Profit
The automaker?s earnings for 2011 were the largest in 13 years after a one-time gain in the fourth quarter.
Grim Economic Forecast for Greece as It Negotiates With Creditors
A new analysis suggests the nation?s economic condition is worsening, throwing a wrench into talks meant to pave the way for more financial support.
Fitch Cuts Ratings for 5 in Euro Zone, Including Italy and Spain
The agency also indicated that there is a 1-in-2 chance of further downgrades in the next two years.
Lael Brainard Is Washington?s Financial Envoy to Euro Crisis
Lael Brainard, a Treasury under secretary who is America?s top financial diplomat, is trying to coax European leaders to contribute to a financial firewall.
DealBook: Eastman Chemical to Buy Solutia for $3.4 Billion
By buying the specialty chemicals maker Solutia, Eastman Chemical, which makes plastics, fibers and polymers, will gain share in fast-growing markets like China.
Nokia Reports a One-Billion-Euro Loss but Its Shares Rise
Nokia said it lost almost 1.1 billion euros ($1.4 billion) in the fourth quarter, compared with a profit of 745 million euros a year earlier.
AT&T Posts $6.7 Billion Loss on Failure of T-Mobile Deal
AT&T posted a substantial $6.68 billion loss for the fourth quarter, primarily from the breakup fees incurred after the company?s failed bid to buy T-Mobile USA.
Trichet Nominated To Board Of EADS
The long-anticipated management shuffle at EADS preserves the delicate balance of French and German control of the company.
Jean-Claude Mas, Founder of Breast Implant Company, Is Detained
Jean-Claude Mas, the founder of a French company that made hundreds of thousands of breast implants from industrial-grade silicon, was detained early on Thursday.
Alcatel-Lucent to Cut 336 Jobs in France
A company spokesman described the reductions as ?part of a transformation process that is going on in France to place the business where it needs to be.?
Transocean Not Liable for Some Gulf Spill Claims, Judge Rules
A federal judge ruled that Transocean, the owner of the Deepwater Horizon, which blew out in the Gulf of Mexico in 2010, was not liable for some pollution claims.
DealBook: In Punishing Year for Hedge Funds, Biggest One Thrived
Bridgewater Associates, which manages nearly $120 billion, posted returns of 23 percent in 2011 ? a year when the average hedge fund portfolio lost 5 percent.
Victory on Antipiracy Issue Buoys Internet Lobby
With their success against antipiracy legislation in Congress, the Internet industry and its allies are weighing their future as a political force.
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NYT > Technology
When Twitter Blocks Tweets, It?s #Outrage
Twitter?s announcement that it would agree to block certain messages in countries where they were deemed illegal prompted outcry, argument and even calls for a boycott.

For $2 a Star, a Retailer Gets 5-Star Reviews
Agencies like the Federal Trade Commission have been trying to crack down on online product reviews that do not disclose the connection between a merchant and the person doling out the praise.

DealBook: Buzz on a Facebook I.P.O. Grows Louder
Facebook may file a prospectus as early as next week, according to people with knowledge of the matter, who demanded anonymity because discussions are private. But the company is still hammering out a final date.

Victory on Antipiracy Issue Buoys Internet Lobby
With their success against antipiracy legislation in Congress, the Internet industry and its allies are weighing their future as a political force.

AT&T Posts $6.7 Billion Loss on Failure of T-Mobile Deal
AT&T posted a substantial $6.68 billion loss for the fourth quarter, primarily from the breakup fees incurred after the company?s failed bid to buy T-Mobile USA.

Nokia Reports a One-Billion-Euro Loss but Its Shares Rise
Nokia said it lost almost 1.1 billion euros ($1.4 billion) in the fourth quarter, compared with a profit of 745 million euros a year earlier.

Clean Energy Projects Face Waning Subsidies
Wind and solar companies say they need more government support to be competitive. But in Washington, there?s little enthusiasm for more subsidies.

The iEconomy: Apple?s iPad and the Human Costs for Workers in China
A staggering manufacturing system in China has made it possible for Apple and other companies to make devices almost as quickly as they can be dreamed up, but for workers, it can be dangerous.

Poll on iPhone and iPad Finds Consumer Confusion on Apple?s Manufacturing
Two-thirds of Americans want domestic companies to shoulder a lot of responsibility to keep manufacturing jobs in the United States.

Nanomaterials? Effects on Health and Environment Unclear, Panel Says
A National Academy of Sciences committee called for further study of the minuscule substances, which are found in products from makeup to paint and drive a $225 billion market.

Drive to Tax Internet Sales Harms Affiliate Marketers
Moves by states to collect sales taxes from retailers that use affiliate marketers, which direct Internet traffic to the retailers, are costing marketers heavily.

Entrepreneurial Spirit Awaits Its Moment in the Middle East
Joichi Ito, the new head of the Media Laboratory at M.I.T., says that the Middle East and North Africa are on the cusp of creating their own Silicon Valley experience.

Riff: The Dilemma of Being a Cyborg
Many of the keepsakes we used to hold in our hands now exist as data on digital devices. What happens when the data disappears?

State of the Art: Financing the Stuff of Dreams Through Kickstarter - State of the Art
Kickstarter is a site where creative people solicit start-up money for various projects. And people actually pledge money to help the projects in return for, maybe, a T-shirt or a CD.

Protecting a Cellphone Against Hackers
As cellphones become more like computers, they are attracting hackers who can listen to calls or steal information. But there are ways to bolster a phone?s defenses.

App Smart: A New Free Apple App for Parents - App Smart
WebMD Baby is arguably more practical and useful than many of the other apps for parents combined.

Gadgetwise: TiqIQ: The Kayak of Live-Event Tickets
TiqIQ is a Web site that pulls together vast amounts of data to help people find the best price for tickets to sporting events and concerts.

Gadgetwise Blog: Tip of the Week: Gmail's Pop-out Feature
What to do if you're composing an e-mail in Gmail, but want to refer to an earlier message at the same time.


Presented By:
 
Gadgetwise: Setting Up a Mac Printer
Ways to simplify the printer setup process for technophobic Mac owners.

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BBC News - Business
US economic growth rate picks up
The pace of US economic growth quickened to a 2.8% annualised rate in the three months to December, the Commerce Department says.
Greece debt talks 'close to deal'
Greece could reach a deal with its creditors over the weekend, according to the EU's Economic Commissioner, Olli Rehn.
Spain jobless passes five million
Spain's unemployment figure rose above the five million mark in the last quarter of 2011, official figures show.
Tackling inequality 'a priority'
Growing inequality should now be the priority for leaders after the economic crisis, senior figures at the World Economic Forum say.
Web economy 'to double by 2016'
With half the world online by 2016, the web economy in the G20 countries is set to nearly double in size to $4.2tn (£2.7tn), research suggests.
VIDEO: Tupperware boss gives Davos advice
Davos veteran Rick Goings, boss of Tupperware, offers "dos and don'ts" for first-time visitors to the World Economic Forum.
Q&A: World Economic Forum Davos 2012
Once again the rich and powerful congregate in the Swiss mountains for the annual meeting of the World Economic Forum, but does it still have a purpose?
Fitch downgrades Italy and Spain
Five eurozone economies, including Italy and Spain, are downgraded by rating agency Fitch, citing financial weakness during the debt crisis.
Carmaker Ford's profits increase
US carmaker Ford has reported a surge in profits in 2011, fuelled by a one-off payment and strong sales in its home country.
Top Euro MP quits in piracy row
A European Parliament rapporteur has stood down in protest as a controversial anti-piracy agreement is signed by several countries.
BP ordered to share spill damages
BP must cover some but not all of oil rig owner Transocean's liabilities for the 2010 oil spill in the Gulf of Mexico, a US judge rules.
Intel buys RealNetworks patents
Intel is paying $120m (£76m) for RealNetwork's video patents. Experts say it undermines claims that a "patent bubble" has burst.
Samsung in year end sales boost
South Korea's Samsung Electronics announces a 17% rise in profits in the last three months of 2011, as smartphone sales boosted earnings.
Japan's December retail sales up
Retail sales in Japan rose in December at their fastest pace in more than a year, official figures show, as consumer spending recovers.
Outrage at RBS boss's bonus deal
A £963,000 bonus in shares awarded to Royal Bank of Scotland boss Stephen Hester is strongly criticised by politicians and unions.
Key Greece debt talks to continue
Key talks between Athens and its private creditors resume with "some progress" made towards agreeing a deal to reduce Greek debt.
Nokia hit by falling mobile sales
Mobile phone giant Nokia reports a loss for the final three months of last year, as sales of mobile devices fell sharply.
US durable goods orders rise 3%
Orders for durable goods rose 3% in the US in December, according to official figures from the Commerce Department.
AT&T posts $6.7bn quarterly loss
US phone network AT&T reports a $6.7bn (£4.3bn) net loss for the three months to the end of December 2011.
Starbucks sees 10% rise in profit
US coffee chain Starbucks posts a 10% rise in net profits for the three months to 1 January 2012, benefiting from new stores and new products.
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BBC News - Home
UN considers Syria crisis action
The UN Security Council is considering a draft resolution against Syrian leader Bashar al-Assad, amid an upsurge in violence.
US economic growth rate picks up
The pace of US economic growth quickened to a 2.8% annualised rate in the three months to December, the Commerce Department says.
Olympic ceremony 'Wonder' theme
Danny Boyle reveals the London 2012 Olympics opening ceremony will be called Isles of Wonder, in an announcement six months ahead of the Games.
Romney back into lead in Florida
Republican presidential candidate Mitt Romney pulls away from nearest rival Newt Gingrich in Florida opinion polls, although his national lead slips.
Norway apology for Holocaust role
The Norwegian prime minister apologises for the role his country played in deporting Jews as Europe marks Holocaust Remembrance Day.
Barefoot Bandit sentenced again
The notorious 20-year-old former fugitive known as the Barefoot Bandit is sentenced by a federal judge to six-and-a-half years in prison.
Sudan leaders in oil crisis talks
A summit is being held after South Sudan accused Sudan of stealing its oil exports and said it would halt production, crucial to both their economies.
Clashes after Senegal Wade ruling
Clashes erupt in Senegal's capital Dakar, after the top court rules that President Abdoulaye Wade can run for a third term in next month's poll.
France to resume Afghan training
French troops will resume training Afghan soldiers on Saturday but Paris will pull out most of its troops by the end of 2013, President Nicolas Sarkozy says.
Facebook clickjacking legal row
The social network and Washington State sue a marketing firm over claims that it deceived users by hiding 'Like' buttons. The firm denies the charge.
'Microplastic' threat to shores
Microscopic plastic debris from washing clothes is accumulating in the marine environment and could be entering the food chain, a study warns.
Demi Moore 911 call tape released
Demi Moore suffered convulsions after smoking an undisclosed substance, according to a tape of an emergency call made on Monday.
AUDIO: Demi Moore 911 tape is released
A tape recording of the 911 call made by friends of Demi Moore, after she suffered convulsions having smoked an undisclosed substance, has been released.
VIDEO: Bats find shelter in Israeli bunkers
Bats are finding a surprising haven in abandoned Israeli bunkers, researchers say.
VIDEO: Inside the 2012 Olympic apartments
BBC Breakfast's Tim Muffett has had a look around the athletes' apartments in the 2012 Olympic Village.
VIDEO: One-minute World News
Watch the latest news summary from BBC World News. International news updated 24 hours a day.
VIDEO: German agency 'spied on' politicians
Germany's domestic intelligence agency has been condemned for spying on politicians from the socialist Left party.
VIDEO: Facing up to threat of cyberwar
Military experts gathered in London this week to discuss the growing threat of cyber-attacks to international security.
VIDEO: Michael Jackson honoured in Hollywood
The late Michael Jackson has been honoured at a ceremony in Hollywood attended by his family and a host of celebrities, including Justin Bieber.
VIDEO: Child's toy launched into space
While America is running down its manned space programme - further north - two Canadian students have shown that flying into space does not always have to be rocket science.
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BBC News - Technology
Facebook clickjacking legal row
The social network and Washington State sue a marketing firm over claims that it deceived users by hiding 'Like' buttons. The firm denies the charge.
Top Euro MP quits in piracy row
A European Parliament rapporteur stands down in protest as a controversial anti-piracy agreement is signed by several countries.
Botnet suspect denies involvement
The Russian man accused by Microsoft of being behind the Kelihos botnet attack insists he is "absolutely not guilty".
FBI social network scraping app
The FBI asks contractors to suggest a system that can "scrape" information from social networks to build alert maps.
Twitter 'can censor by country'
Twitter says it now has the technology to censor tweets on a country by country basis, a move which is criticised by freedom of information campaigners.
Intel buys RealNetworks patents
Intel is paying $120m (£76m) for RealNetwork's video patents. Experts say it undermines claims that a "patent bubble" has burst.
Fines threat for credit messages
Firms face raids and fines of up to £500,000 for sending unsolicited text messages about credit or compensation.
Call for illegal site demotion
Rights campaigners have criticised plans to ask search engines to demote illegal sites in order to fight piracy.
Web economy 'to double by 2016'
With half the world online by 2016, the web economy in the G20 countries is set to nearly double in size to $4.2tn (£2.7tn), research suggests.
Samsung in year end sales boost
South Korea's Samsung Electronics announces a 17% rise in profits in the last three months of 2011, as smartphone sales boosted earnings.
Disable software, warns Symantec
Symantec advises customers to stop using its pcAnywhere program after stolen source code exposes serious vulnerabilities.
Call for cyberwar 'peacekeepers'
Cyber-attack on our digital lives is a growing problem according to the US Army's Cyber Command, which is recruiting "world class cyber warriors".
O2 apology for mobile disclosure
O2 apologises for a problem that could have exposed users' mobile phone numbers to websites.
Nokia hit by falling mobile sales
Mobile phone giant Nokia reports a loss for the final three months of last year, as sales of mobile devices fell sharply.
Backlash over Google privacy move
Critics question whether Google's privacy changes will simplify settings or give users less control.
'Invisibility cloak' breakthrough
For the first time researchers achieve the "cloaking" of a three-dimensional object to make it invisible as viewed from any angle.
Ubuntu swaps action menus for HUD
Ubuntu's lead developer outlines plans to replace menu controls with a "head-up display" box into which users type commands.
Sony's low-light phone camera
Sony promises higher quality low-light smartphone pictures by adding white pixels to its sensors.
VIDEO: Do ultrabooks spell end for desktop PC?
The rise of powerful, portable laptops and the supposed demise of the bulky computer tower
TV waves 'make for better broadband'
Demand for wireless services means that the airwaves are running out of room
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Latest financial news - CNNMoney.com
Obama administration expands foreclosure prevention program
The Obama administration is taking another swing at improving its main foreclosure prevention program.
Retirement saving: Don't shortchange the later years
Many people think they can plan on spending less later in retirement since they'll become less active as they age. But if their health declines, they may actually shift spending rather than reduce it. Do you think it's risky to plan as if one's expenses will go down later in retirement? --Tim, U.K.
Mortgage probe unveiled as foreclosure talks loom
President Obama's latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won't derail a possible $20 billion settlement for underwater and foreclosed homeowners.
FDA blocks orange juice shipments from Canada
The Food and Drug Administration said Friday that it had detained orange juice shipments from Canada after they tested positive for low levels of a banned fungicide previously found in Brazilian juice. The FDA announced earlier this month that it would begin testing foreign orange juice shipments for the presence of the fungicide carbendazim before allowing them to enter the country. On Friday, the agency said that among 80 shipments from around the world it tested so far, six from Canada and five from Brazil had tested positive. The samples that have tested positive so far had carbendazim levels of between 10 and 52 parts per billion. The Environmental Protection Agency says carbendazim levels under 80 parts per billion do not raise safety concerns.
Italy, Spain downgraded by Fitch
Fitch downgraded the sovereign debt ratings Friday of five European countries, with Italy and Spain taking the biggest hit.
The anti-Kodak: Eastman Chemical
It is every parents' dream that their children enjoy a better life than they have. I am not sure if that's also true for parent companies and their offspring.
SEC to step up scrutiny of private equity firms
The private equity world is struggling to stay in the shadows.
Romney's elusive net worth calculation
Exactly how much is Mitt Romney worth? Hard to say.
Starbucks CEO Schultz made $65 million
Starbucks chief executive officer Howard Schultz was paid more than $65 million in fiscal year 2011, including salary, bonuses and stock options.
Dow breaks 3-week winning streak
U.S. stocks ended mostly lower Friday as jittery investors digested a weaker-than-expected economic growth report and as Europe's debt crisis still loomed in the background.
U.S. economy growing faster, but still struggling
The United States economy picked up speed at the end of 2011 as businesses substantially built up their inventories and consumers increased their spending.
Millions in SOPA lobbying bucks gone to waste
The controversial anti-piracy bills that attracted tens of millions of dollars of lobbying for and against the proposed laws ironically were killed by free publicity.
Ford: Biggest profit since '98
Ford reported its best annual earnings since 1998 on Friday, making 2011 the second most profitable year in the company's 109-year history.
Stocks: Investors unimpressed by U.S. growth
U.S. stock futures lost momentum after a weaker-than-expected U.S. economic report, and while Europe's debt crisis still looms in the background.
Battery maker Ener1, a DOE grant recipient, goes bankrupt
Electric car battery maker Ener1 filed for bankruptcy Thursday, three years after receiving a $118.5 million grant from the U.S. government.
Giants and Patriots jerseys are tough to find
If you're looking for many of your favorite Giants player's jerseys before the big game -- fugetaboutit! And if it's Patriots game garb you want, good luck. It's wicked-hard to find!
What's behind Netflix's 22% spike?
Netflix is the highest flying stock on the S&P 500 Thursday, but was its fourth-quarter earnings report enough to justify a 22% run up in the stock?
Portugal under pressure, but default unlikely
Portugal has come under heavy pressure in the bond market this week as investors fear the nation could be the next domino to fall in the eurozone debt crisis.
Why is the Fed still so nervous?
Some might say that the Federal Reserve is wisely taking a smart, wait-and-see approach regarding the economy. I am not one of those people.
Bernanke to teach class about the Fed
Ben Bernanke will step back into the classroom this semester to teach college students about the Federal Reserve.
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BusinessWeek.com -- Top News
Why Can't Mitt Romney Defend His Bain Years?
Romney assumed -- incorrectly -- that the value of his business experience didn’t need to be explained to Republican voters
Romney May Cost Private Equity
Mitt Romney’s campaign for the Republican presidential nomination may be costing his private- equity backers a lot more than they bargained for.
RIM's New CEO Is Staying the Course
Thorsten Heins, a former Siemens executive, says all is well. Investors disagree
RIM CEO Heins on Marketing Efforts
Jan. 23 (Bloomberg) -- Thorsten Heins, Research In Motion Ltd.'s new chief executive officer, says the maker of the BlackBerry needs to "be constantly communicating" with customers about its products. Heins, who replaced co-Chief Executive Officers Jim Balsillie and Mike Lazaridis, spoke in a video posted by the company. Jon Erlichman reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
Citi to Cut Investment Banking Bonuses by 30%
CEO Vikram Pandit is firing workers and cutting costs to deal with falling revenues in the securities and banking unit
China's 65,000-Ton Secret
Warship? Never! The two-decade voyage of the Varyag—from Russian castoff to Macau pleasure palace to China's first aircraft carrier
Pentagon Shift Favors Subs, Bombers
The Pentagon’s shift to forces focused on Asia and the Middle East in a budget outlined today may protect from deep cuts U.S. makers of aircraft carriers, submarines, surface-combat vessels, electronic-warfare sensors, drones, long-range bombers and tankers.
California Judge Refuses to Block Redevelopment Law
A California law dissolving redevelopment agencies as of Feb. 1 and redirecting more than $1 billion of their funds to the state to fill a budget gap won’t be stopped by a judge in Sacramento.
California Orders Automakers to Sell More Nonpolluting Cars
California will require automakers to sell millions of “zero-emission” vehicles -- battery- electric, plug-in hybrid and hydrogen-powered -- setting new standards followed by states from New York to Oregon.
Solar Outlook Boosts N.Y. Index to 4-Month High: China Overnight
Solar stocks drove Chinese companies traded in the U.S. to a four-month high, after panel manufacturers said the country may double installations this year as the government pushes to consolidate the industry.
Lone Star’s Korea Exchange Bank Sale Wins Regulatory Approval
Lone Star Funds’ sale of Korea Exchange Bank won approval from regulators, clearing the final hurdle for Hana Financial Group Inc.’s 3.9 trillion won ($3.5 billion) purchase.
Ticketmaster Hobbled by Scalpers as Springsteen Goes on Sale
Ticketmaster, the world’s biggest online ticket service, said scalpers overwhelmed its computer systems as the company began taking orders for Bruce Springsteen concerts.
Simpson Says Obama Walked Away From Deficit-Cutting Plan
President Barack Obama “walked away” from his bipartisan U.S. deficit-cutting commission’s plan “because he knew he’d be torn to bits,” said former Republican Senator Alan Simpson of Wyoming, who was co-chairman of the panel.
Sotheby’s $2.5 Million Bordeaux Sale Boosted By Lower Estimates
A collection of mature top-name Bordeaux fetched $2.5 million in London in the latest test of auction demand for fine wines.
China Unicom's Smart Call on Cheap Phones
Low-end handsets have set off a smartphone boom in China
Australia's Strong Dollar Puts a Cork in Its Wine Sales
A soaring currency hits Aussie winemakers on two fronts: Higher prices hurt their exports, and lower prices on imports shrink sales at home
Having Thrived in America, Hyundai Takes On Europe
The Korean automaker uses its high-quality, low-price strategy to compete with Volkswagen
B-Schools Recruit More Veterans
As federal aid piles up, MBA programs like the experience soldiers bring to the study of corporate leadership
New RIM CEO Won't Revive Shares, Say Analysts
The promotion of Thorsten Heins from chief operating officer to chief executive at Research in Motion is viewed on Wall Street as "cosmetic" change
A Greek Default: It's a-Comin'
Talks are under way, but settlement options look a lot like—a default
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Syria Armed Force Helps Rebels Gain Ground
The growing assertiveness of a loosely organized force in Syria hinted at the expanding role of the armed opposition in a movement that began peacefully more than 10 months ago.

Growth Accelerates, but U.S. Has Lots of Ground to Make Up
Whether the American economy, which grew last quarter at its fastest pace in a year and a half, can sustain that momentum is critical to millions of people out of work.

France, Breaking With NATO, Will Speed Afghan Exit
President Nicolas Sarkozy on Friday said French troops would leave a year early, by the end of 2013.

When Twitter Blocks Tweets, It?s #Outrage
Twitter?s announcement that it would agree to block certain messages in countries where they were deemed illegal prompted outcry, argument and even calls for a boycott.

Lens Blog: The Lam Family of Ludlow Street, Years Later
From 2003 to 2005, Thomas Holton followed the Lams, a Chinese family living in a two-room apartment on Ludlow Street in Manhattan. Five years later, he returned to find a messier reality.

Political Science: For a Moon Colony, Technology Is the Easy Part
The smallest hurdle for establishing a moon colony is the technology, much of which already exists; the economics and politics would be far more difficult.

Obama?s Theme of U.S. Resilience Finds Support in New Book
Written by an adviser to the Republican candidate Mitt Romney, the book, ?The World America Made,? makes the case that the nation?s decline is a myth.

N.Y. Airports Account for Half of All Delays
Despite changes in procedures and airline schedules, flight delays last year in the New York area were as bad as ever, and rippled across the country.

Many Pardon Applicants Stressed Connection to Mississippi Governor
A look at the clemency applications of felons who were pardoned reveal that many contained personal appeals from friends of Gov. Haley Barbour and major Republican donors.

Media Decoder Blog: Bloomberg Executive Is Said to Be in Talks to Lead Dow Jones
News Corporation is said to be in advanced discussions with Lex Fenwick to become chief executive of Dow Jones, publisher of The Wall Street Journal, Barron's and the Dow Jones Newswires.

Connecticut Killer Sentenced to Die for 'Unimaginable Horror'
A judge ordered Joshua Komisarjevsky to be executed this summer for the 2007 murders of a mother and her two daughters during a brutal home invasion in Connecticut, saying on Friday that he committed a crime of "unimaginable horror."

Details Emerge of Israeli Offer on 2-State Solution
Israel wants existing settlement blocks to become of a part of Israel, an approach that the Palestinians rejected as unacceptable.

Costa Cruises Offers Settlement to Shipwreck Passengers
The operator of the Costa Concordia made its first attempt on Friday to limit the legal consequences of the shipwreck, offering a settlement of about $14,400 to each uninjured passenger.

Critic?s Notebook: At Sundance, ?Beasts of the Southern Wild? Is Standout
Among the feature films presented at the somewhat lower-key 28th Sundance Film Festival, there was ?Beasts of the Southern Wild,? and there was everything else.

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