Reuters: Business News
Wall St edges lower after GDP data
NEW YORK (Reuters) - Stocks slipped on Friday as data showed the U.S. economy grew less than expected in the fourth quarter, while some disappointing earnings added pressure to the market.

Facebook to file IPO documents soon as Wednesday: report
(Reuters) - Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday.

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

U.S. growth quickens, but speed bumps ahead
WASHINGTON (Reuters) - The U.S. 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.

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.

Chevron profit falls as refineries, output suffer
(Reuters) - Chevron Corp reported lower quarterly earnings on Friday, missing Wall Street forecasts, as rising spending on oil and gas projects and losses at its U.S. refinery business offset gains from higher crude oil prices.

Eastman Chemical to buy Solutia for $3.4 billion
(Reuters) - Eastman Chemical is buying Solutia Inc , chemicals provider for products from iPads to tires, for about $3.4 billion in cash and stock in a bid to drive its sluggish growth and focus on emerging markets, particularly the Asia-Pacific region.

Geithner presses Europe to increase crisis firewall
DAVOS, Switzerland (Reuters) - U.S. Treasury Secretary Timothy Geithner pressed Europe on Friday to boost its bailout fund resources, citing the euro zone debt crisis and oil prices as the two main factors influencing the pace of the United States' economic upturn.

EU, IMF press Greece on reforms, Rehn upbeat on debt
ATHENS/DAVOS (Reuters) - The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they sign off on a new bailout the country needs to avert bankruptcy, a report obtained by Reuters shows.

MF Global ex-risk chief to testify before Congress
WASHINGTON (Reuters) - Michael Roseman, the former chief risk officer who is said to have raised red flags about aggressive trading bets at MF Global , will testify before Congress next week, according to a congressional staffer familiar with the matter.

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Reuters: Top News
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.
Facebook to file IPO documents soon as Wednesday: report
(Reuters) - Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday.
U.S. growth quickens, but speed bumps ahead
WASHINGTON (Reuters) - The U.S. 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.
Romney puts Gingrich on defensive in Florida debate
JACKSONVILLE, Florida (Reuters) - Republican presidential hopeful Mitt Romney took the fight to chief rival Newt Gingrich on Thursday in his most aggressive debate performance yet, five days ahead of Florida's primary vote.
Syria violence kills 37, U.N. Security Council to meet
AMMAN (Reuters) - Security forces killed 37 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 revolt against President Bashar al-Assad.
Exclusive: Greek PM Papademos expects debt swap deal in days
ATHENS (Reuters) - Greece expects to conclude difficult debt talks with private creditors within days and negotiations with the EU and the IMF on a new bailout deal by the middle of next week, Prime Minister Lucas Papademos told Reuters on Friday.
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.
U.S. detains Brazil, Canada orange juice for fungicide
(Reuters) - U.S. health regulators detained three shipments of Brazilian orange juice and six from Canada that tested positive for the fungicide carbendazim, which is illegal in the United States.
James Murdoch to quit GSK board
LONDON (Reuters) - News Corp executive James Murdoch, under pressure from a phone-hacking scandal at the News of the World tabloid, is to quit the board of drug maker GlaxoSmithKline as he spends more time on his new role in the United States.
Chevron profit falls as refineries, output suffer
(Reuters) - Chevron Corp reported lower quarterly earnings on Friday, missing Wall Street forecasts, as rising spending on oil and gas projects and losses at its U.S. refinery business offset gains from higher crude oil prices.
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Reuters: World News
Syria violence kills 37, U.N. Security Council to meet
AMMAN (Reuters) - Security forces killed 37 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 revolt against President Bashar al-Assad.
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.
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.
Taliban willing to compromise, Afghan negotiators say
KABUL (Reuters) - Senior Afghan peace negotiators believe the Taliban are willing to significantly soften past hardline ideologies, with its leaders already laying the ground for possible peace talks in the Gulf state of Qatar.
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.
Iran hits back at EU with own oil embargo threat
TEHRAN (Reuters) - Fighting sanctions with sanctions in a trial 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.
Suicide bomber kills 31 in Baghdad attack
BAGHDAD (Reuters) - A suicide bomber detonated his explosive-filled taxi near a Shi'ite funeral procession in Baghdad on Friday, killing 31 people and bringing the death toll from violence since an Iraqi political crisis erupted in December to more than 400.
Dutch plan ban on Muslim face veils next year
AMSTERDAM (Reuters) - The Dutch minority government plans to ban Muslim face veils such as burqas and other forms of clothing that cover the face from next year.
One million children in Sahel at risk, UNICEF warns
GENEVA (Reuters) - More than 1 million children in the Sahel are at risk of severe malnutrition and urgent action is needed to avert starvation akin to that in Somalia, the United Nations Children's Fund (UNICEF) warned on Friday.
S.Sudan sees oil shutdown complete by Saturday
NAIROBI/PALOUGE, South Sudan (Reuters) - South Sudan's top negotiator said his country would complete an oil production shutdown by Saturday, after Sudan and South Sudan failed to agree on a deal to end an oil crisis.
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DealBook
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.
Illumina to Review Roche Offer
Illumina said on Friday that its board would review Roche's unsolicited $5.7 billion offer.
More Fines in Greenlight Insider Case in Britain
Greenlight Capital's former compliance officer and a JPMorgan Cazenove trader were fined in connection with Greenlight's sale of shares in a British pub operator more than two years ago.
Draghi Points to Signs of Stress in Financial System
Mario Draghi, the president of the European Central Bank, said Friday at the World Economic Forum in Davos, Switzerland, that action by the central bank had averted a severe credit crunch, but he warned of a "short-term contraction" in the euro zone as governments cut spending.
UniCredit Shareholders to Profit From Rights Offering
Shares in the bank have risen 64 percent since Jan. 9 when the firm started a $9.8 billion so-called rights offering, putting UniCredit at the forefront of a recent rally in European banking stocks.
Geithner Offers Upbeat U.S. Outlook, With European Caveat
The United States is likely to grow 2 percent to 3 percent this year, Treasury Secretary Timothy F. Geithner said in Davos, Switzerland, unless Europe fails to keep a lid on its chronic sovereign debt crisis or tensions flare with Iran.
Morning Take-Out
Highlights from the DealBook newsletter.
Is the 'End of the Euro' Over?
Among leaders gathering in Davos, Switzerland, the talk seems to be have shifted away from doomsday forecasts of an imminent euro collapse, reports Jack Ewing of The New York Times. Instead, the debate is focusing on the best way for the euro zone to weather an economic downturn.
Eastman Chemical to Buy Solutia for $3.4 Billion
Eastman Chemical said on Friday that it would acquire the specialty chemicals manufacturer Solutia for $3.38 billion, as it looks to expand in emerging markets.
In Perelman Lawsuit, a Fight Over Files Not Deleted
At issue is whether Donald Drapkin, who is suing Ronald O. Perelman, violated his separation contract by retaining files and e-mails found on his assistant's laptop.
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.
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NYT > Business
The Wales 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.
U.S. Recovery Slowly Gained Speed in Late ?11, Data Show
The American economy picked up steam last quarter, with output growing at an annualized rate of 2.8 percent, a faster rate than the 1.8 percent of the third 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.
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.
DealBook: Eastman Chemical to Buy Solutia for $3.4 Billion
Eastman Chemical said on Friday that it would acquire the specialty chemicals manufacturer Solutia for $3.38 billion, as it looks to expand in emerging markets.
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.?
Carrefour Is Said to Seek Chief Executive
A source said that the French supermarket retailer was in advanced talks to replace its chief executive, Lars Olofsson.
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.
Leaner Operations Give U.S. Airlines a Profitable Year
After a wave of consolidations, airlines cut routes and seats but raised prices.
Lockheed?s Earnings Fall; Raytheon?s Rise
Each company said it would continue to focus on cutting costs and making programs more affordable while looking to international sales to cushion softness in the United States.
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.
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NYT > Technology
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.

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.

A Turnaround at Netflix, as Its Mail Sector Shrinks
The streaming video service, seen as vital to the future, had a robust rise in subscribers.

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.?

New Web Piracy Arrest as Site Founder Is Denied Bail
An Estonian citizen was arrested at the request of American authorities investigating the file-sharing Web site Megaupload, and its founder was held in jail in New Zealand.

Ericsson Profit Plummets
The market leader in wireless networking equipment blamed losses at two joint ventures and the aborted merger of in the United States of AT&T Mobility and T-Mobile.

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
Arabs warn of Syria 'escalation'
The Arab League's monitoring chief warns that Syria has seen an escalation of violence in recent days, as the UN prepares to discuss the crisis.
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.
Italian cruise firm offers payout
The Italian firm that owns the stricken cruise ship Costa Concordia reaches agreement on compensation with several Italian consumer groups.
Car bomb kills Baghdad mourners
A suicide car bomber kills at least 32 people and injures about 60 in a Shia district of the Iraqi capital Baghdad, with a funeral procession caught in the blast.
Romney storms back into the lead
Republican presidential candidate Mitt Romney pulls away from his nearest rival Newt Gingrich, with a nine-point advantage in Florida's opinion polls.
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.
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.
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.
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 sues 'spam clickjacker'
The social network and Washington State sue a marketing firm over claims that it deceived users by hiding 'Like' buttons.
Asteroid makes near-miss fly-by
An 11m-wide asteroid passed within 60,000km of Earth on Friday, making it one of the 20 closest recorded approaches to our planet.
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: German agency 'spied on' politicians
Germany's domestic intelligence agency has been condemned for spying on politicians from the socialist Left party.
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.
VIDEO: One-minute World News
Watch the latest news summary from BBC World News. International news updated 24 hours a day.
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: CCTV cameras catch fish poachers
New technology is being used in Ireland to try to prevent one of the oldest crimes of fish poaching.
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: What IS this? Find out in Odd Box...
The man who shot himself in the head with a nail gun but didn't notice, the BBC reporter enjoying a toy fair way too much and a baby aardvark. It's the week's weird and wonderful video stories in Newsbeat's Odd Box with Dominic Byrne.
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BBC News - Technology
Facebook sues 'spam clickjacker'
The social network and Washington State sue a marketing firm over claims that it deceived users by hiding 'Like' buttons.
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.
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".
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.
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.
EU confirms data penalty proposal
The European Commission proposes an overhaul of data protection laws, including large fines for firms that breach the rules.
Megaupload boss denied bail in NZ
A New Zealand court denies bail to the founder of file-sharing website Megaupload, sought by the US for internet piracy, saying he poses a flight risk.
Million views for fans' Star Wars
Star Wars Uncut, a crowdsourced version of the sci-fi classic, passes a million views on YouTube.
Sony's low-light phone camera
Sony promises higher quality low-light smartphone pictures by adding white pixels to its sensors.
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Latest financial news - CNNMoney.com
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.
Stocks slump after unimpressive U.S. growth
U.S. stocks retreated 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.
Obama's Chrysler 300 on sale for $1 million
A Chrysler 300C once leased by President Barack Obama is for sale on eBay with the eye-popping "opening bid" of $1 million.
AT&T outduels Verizon in iPhone
AT&T handily beat Verizon in the battle for iPhone customers last quarter, but the company lost $6.7 billion in large part due to its failed merger with T-Mobile.
Nonprofit founders put passions ahead of planning
We spoke to five families who face challenges that could keep them from meeting their financial goals. With a few tweaks to their game plan, they can get back on course. Here, Scott Pankratz and Julie Osborn's story -- and the recommended financial fixes.
Managing the family finances: 'Spying was easier'
We spoke to five families who face challenges that could keep them from meeting their financial goals. With a few tweaks to their game plan, they can get back on course. Here, the DiSilverios' story -- and the recommended financial fixes.
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BusinessWeek.com -- Top News
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)
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.
MF Global Clients at Risk in Bankruptcy Fight
A $700 million dispute between bankruptcy administrators in London and New York threatens the return of money locked in customer accounts
Romney Spotlight Costs Private-Equity Backers
Critiques by political opponents portraying buyout managers as corporate looters could curb interest by public pensions in funding investments
Pals Become Foes as They Fight for New Congressional Districts
Over 15 years as U.S. congressmen from northern New Jersey, Democrats Bill Pascrell Jr. and Steve Rothman can point to almost identical voting records.
Texas Redistricting Dispute Returns to San Antonio Judges
The Texas redistricting dispute is back in federal court in San Antonio, where three U.S. judges are seeking a compromise that can help them re-draw voter maps in time to keep the state’s 2012 elections on schedule.
Harvard Joins Groupon Investor to Finance Student Startups
Harvard University joined with New Enterprise Associates, the first outside investor in Groupon Inc., to start a seed-stage venture fund for financing student startups and investing on the U.S. East Coast.
Growth Trails Forecasts as Americans Curb Spending: Economy
Restrained spending by consumers held growth in the U.S. economy to a 2.8% annual pace in the fourth quarter, slower than economists forecast while still the fastest pace in more than a year.
Stocks Fall, Commodities Pare Gains as U.S. GDP Trails Estimates
Stocks fell, while commodities trimmed earlier gains, after the U.S. economy grew less than forecast and earnings trailed estimates at companies including Ford Motor Co. Treasuries and the euro increased.
RIM Shareholder Fairfax Doubles Stake in BlackBerry Maker
Fairfax Financial Holdings Ltd., the insurer run by Canadian investor Prem Watsa, doubled its stake in Research In Motion Ltd. in a vote of confidence in the BlackBerry maker after Watsa joined the company’s board.
Romney Assails Gingrich on Tactics, Policy in Florida Debate
Mitt Romney assailed Newt Gingrich repeatedly in the final televised Republican presidential debate before Florida’s Jan. 31 primary, putting the former U.S. House speaker on the defensive for his campaign tactics and policies.
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
Like Fracking? You'll Love 'Super Fracking'
Oil service companies roll out new technologies to break up more earth more cheaply
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U.S. Recovery Slowly Gained Speed in Late ?11, Data Show
The American economy picked up steam last quarter, with output growing at an annualized rate of 2.8 percent, a faster rate than the 1.8 percent of the third quarter.

Obama to Link Aid for Colleges to Affordability
President Obama is proposing a financial aid overhaul that would tie colleges? eligibility for campus-based aid programs to the institutions? success in improving affordability and value for students.

Israelis See Iran?s Threats of Retaliation as Bluff
As Israel?s political and military leaders weigh options to stop Iran?s nuclear program, many are guided by an assessment that an attack is unlikely to set off widespread conflict.

Internet Criticism Pushes China to Act on Pollution
Under popular pressure, Chinese officials have begun to track the most pernicious measure of urban air pollution and promise to set new health standards and publish data on air pollution.

TIMESCAST: TimesCast | January 27, 2012
Syrian violence spreads to the Damascus suburbs | The Gingrich campaign loses momentum in Florida.

Violence Rises Sharply in Syria, Flustering Arab League Monitors
Heavy bloodshed was reported Friday as Arab League monitors expressed exasperation and the United Nations made a step toward a possible resolution condemning the government.

As Primary Nears, Florida Poll Favors Romney
The former governor of Massachusetts moves past his rival, Newt Gingrich, heading into the final weekend before the vote.

Common Sense: A Personal, and Painful, Tax Reality ? Common Sense
With all the focus on tax rates, I sat down with my 2010 returns, calculator in hand. I?m still reeling from the results.

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.

Sundance Film Festival Sales Are Slow and Steady
There?s a pronounced disconnect between expectations going into this year?s Sundance Film Festival and results coming out.

France, Karzai Want Faster NATO Afghanistan Exit
After meeting with Afghan leader Hamid Karzai, the French president said the country?s soldiers in Afghanistan will resume their training mission and withdraw by the end of 2013.

Yale Quarterback Denies Rhodes Candidacy Was Suspended Because of Allegation
A statement released by a firm representing Patrick Witt confirmed that an allegation of sexual assault was made, but ?yielded no disciplinary measures.?

Djokovic Edges Murray, Setting Up Final Against Nadal
Novak Djokovic overcame his breathing problems and fatigue to beat friend Andy Murray 6-3, 3-6, 6-7 (4), 6-1, 7-5 Friday in a nearly five-hour Australian Open semifinal.

In Baghdad, Suicide Bomber Attacks Funeral Procession
A suicide bomber driving a car packed with explosives attacked a funeral procession in a Shiite neighborhood in Baghdad on Friday, killing at least 22.

Pakistani Military Academy, Near Bin Laden Hide-Out, Is Hit By Rockets
Unidentified assailants rained rockets on Pakistan?s elite military academy on Friday in an unusual outburst near the compound where Osama bin Laden was killed.

City Kitchen: Spicy Chicken Wings for the Super Bowl or Chinese New Year
Spicy chicken wings, crisp and succulent, work for both the Super Bowl or the Chinese New Year.

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