Wednesday 31 August 2011

Innovation Is for the Young - Or Is It?

The departure of Steve Jobs from the helm at Apple brings up a delicate subject in the matter of innovation. On the one hand, Jobs belongs to an exclusive club of innovators. Jobs, Mark Zuckerberg, and Bill Gates created Apple, Facebook and Microsoft, respectively, before many of their peers had ...


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Obama Settles Dispute With Boehner by Delaying Speech One Day

Sept. 1 (Bloomberg) -- Congress hadn’t even returned from its August recess before a new partisan battle erupted, this time over when President Barack Obama can give a speech. Obama agreed last night to delay by a day the long-awaited presentation of his jobs agenda to a joint session of Congress ...


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Treasuries Post Biggest Monthly Gain Since December 2008

Aug. 31 (Bloomberg) -- Treasuries posted the biggest monthly gain since December 2008 as investors ignored the first- ever rating downgrade of the U.S. and sought a refuge in the safest securities amid signs of slowing global growth. U.S. 10-year notes fell today after a private report showed ...


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Asia Stocks Set for Best Streak Since January on U.S. Production

Sept. 1 (Bloomberg) -- Asian stocks climbed, with the regional benchmark index set for its longest streak of gains since January, after U.S. factory orders increased more than estimated, boosting the earnings outlook for Asian exporters. Sony Corp., Japan’s biggest exporter of consumer electronics ...


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East struggles to recover from Irene - AP

Only one flooded Vermont town remained cut off from the outside world Wednesday, but National Guard helicopters were still dropping food and water on storm-ravaged parts of the state as the Eastern seaboard labored to recover from hurricane-turned-tropical-storm Irene ...


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Apple criticized for China supply chain pollution

Chinese environmental groups accused Apple Inc of turning a blind eye as its suppliers pollute the country, the latest criticism of the technology company's environmental record. Toxic discharges from "suspected Apple suppliers" have been encroaching on local communities and environments, a ...


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Facebook Pays $40G to Hackers in New 'Bug Bounty' Scheme

MENLO PARK, Calif. – Since launching its "bug bounty" program three weeks ago, Facebook has forked out $40,000 to hackers who detected security flaws on the social networking site. About fifty people who have successfully identified problems have been acknowledged on Facebook's "whitehat" -- geek ...

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Beyonce shows off baby bump at MTV video awards

R&B singer Beyonce let pictures tell the story of a baby on the way for her and rapper husband Jay-Z at the MTV Video Music Awards on Sunday. She first appeared before photographers, telling them she had a surprise and outlining a baby bump under her long gown. Then the singer, whose hits include ...

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Flooding persists as East Coast reels from Irene

NEWFANE, Vt. (AP) -- As emergency airlift operations brought ready-to-eat meals and water to Vermont residents left isolated and desperate, states along the Eastern Seaboard continued to be battered by the after effects of Irene, the destructive hurricane turned tropical storm. Dangerously damaged ...

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Michael Jackson’s ‘distracting’ inner circle can't testify

A Los Angeles County Superior Court judge excluded the testimony of more than a dozen defense witnesses in the trial of Michael Jackson's doctor, saying that they would confuse jurors and distract from the case. Los Angeles County Superior Court Judge Michael Pastor excluded the testimony of Jackson ...

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Finally, Samsung Galaxy S II is here

For months Apple has been firing off patent lawsuits against Samsung's newest smartphone and tablet. Despite this barrage of mortar fire, early this evening Samsung landed the Galaxy S II on these shores. The smartphone many reviewers are calling the "iPhone 5 killer" debuts ahead of Apple's next ...

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New HTC Jetstream Tablet Available Exclusively to at&t Customers

Exclusive to AT&T customers, HTC Jetstream is the company's first 4G LTE/HSPA+ tablet.  It runs the Android™ 3.1 (Honeycomb) operating system and represents the first iteration of the HTC Sense™ user experience on Honeycomb.  HTC Jetstream boasts a large 10.1" WXGA high-resolution display for ...

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Japan's Noda: Held call with Geithner, no talk of FX

Japan's new prime minister, Yoshihiko Noda, said on Wednesday he held a courtesy phone call with Treasury Secretary Timothy Geithner, but they did not discuss foreign exchange rate movements or other policy issues. Noda, who was a finance minister in Naoto Kan's cabinet, said he thanked his American ...

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Manslaughter trial for Chattaroy party blast

SPOKANE, Wash. (AP) — Trial began Tuesday in Spokane for two men charged with manslaughter in the death of a man who was hit in the neck by shrapnel from an explosive device that was set off outside a Halloween party near Chattaroy. Prosecutors says 20-year-old Christopher A. Harris brought the ...

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Bombardier Profit Jumps 53%

TORONTO—Transportation giant Bombardier Inc. said Wednesday its second-quarter profit surged 53% on higher revenue from both its aerospace and transportation divisions. Net income rose to $211 million, or 12 cents, from $138 million, or seven cents, a year earlier, Montreal-based Bombardier said ...

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Jim Carrey loves Emma Stone and "Portal" fan movie: Top 5 viral videos of the week

(CBS/What's Trending) - Jim Carrey's video love letter to Emma Stone creeped out more people than made them laugh, but they couldn't stop watching. What's Trending takes a look at this video, and the other viral videos of the week that had you hooked. On our radar this week is the new "The Hunger ...

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On Charity, Steve Jobs Has A Right To Remain Silent

In his New York Times column today, “The Mystery of Steve Jobs’s Public Giving,” Andrew Ross Sorkin shines a spotlight on the fact that the former Apple CEO and Forbes billionaire has never been public about his philanthropy. He briefly considers, though seems to dismiss, the possibility that ...

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Nokia Stuck in Tax-Breaks Talks With Vietnam Over New Factory

Aug. 31 (Bloomberg) -- Nokia Oyj, the world’s biggest maker of mobile phones by volume, has entered a second round of negotiations over tax breaks for its planned factory in Vietnam after rejecting an initial offer, a government official said. Vietnamese authorities have offered Nokia a fresh ...

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UPDATE 2-Piraeus Bank mum on M&A, swings to H1 loss

ATHENS, Aug 31 (Reuters) - Piraeus Bank (BOPr.AT), Greece's fourth-biggest lender, gave few clues about possible M&A partners when reporting a first-half loss after a big impairment charge on a government bond swap. With merger talk rife after the recent tie-up between Alpha Bank (ACBr.AT) and ...

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Inquirer Editorial: Wine on the web would help state vintners

Most tea-party complaints about government regulations stifling American business are overblown. But there is a small industry with great potential for growth in New Jersey that is being held back by convoluted government regulations - boutique vineyards. In many states, these small vineyards are ...

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Amtrak resumes service between Washington and Boston

Update - Wednesday at 6:15 A.M.: Amtrak has restored service between Washington and Boston for Wednesday. A full Acela Express schedule is running between Washington and Boston on Wednesday, and most Northeast Regional trains are running between Richmond/Lynchburg/Washington and Boston. This also ...

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Syrian security forces carry out raids, arrests

BEIRUT — Activists say Syrian security forces searching for anti-government protesters are raiding houses in central Syria and making arrests. The activists say troops backed by tanks and military vehicles have entered districts in Homs and Hama as part of efforts to crush five months of street ...

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Libya's rebels learn to patrol loyalist territory

HEISHA, Libya (AP) — The rebels roared along the bleak and empty desert highway, leaving the last checkpoint far behind as they probed the no-man's-land that separates them from the final stronghold of Moammar Gadhafi's crumbling regime. Stopping in Heisha, some 75 miles (120 kilometers) from ...

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International Space Station to stay manned after all?

Russian space officials say they have identified what went wrong with the rocket that failed to reach orbit last week. Now the question is whether the explanation will allay enough fears to keep the International Space Station going. A spokesperson for the Federal Space Agency (Roscomos) told ...

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US GDP -- Target of Deception

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Insurers drive stocks higher; Dow gains 254

NEW YORK - Stocks rose broadly Monday, led by insurance companies, after it became clear that Hurricane Irene caused far less damage than many had feared. The Dow Jones industrial average jumped 254 points. Insurance stocks rose sharply as analysts lowered their estimates of how much damage the ...

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Libyan rebels say they're closing in on Gadhafi - AP

Libyan rebels say they're closing in on Moammar Gadhafi and have issued an ultimatum to regime loyalists in the fugitive dictator's hometown of Sirte, his main remaining bastion: surrender this weekend or face an attack. "We have a good idea where he is," a top rebel leader said on Tuesday. The ...

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Bruised by blizzard, Bloomberg took center stage for Irene, and stands by call for evacuations

NEW YORK - A few drops of rain fell early Saturday morning as Mayor Michael Bloomberg was about to talk to reporters about the encroaching Hurricane Irene. A staffer said the news conference was being moved under a nearby overhang, but somehow that never happened. After examining some flat-bottomed ...

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Mel Gibson and ex-girlfriend reach settlement

LOS ANGELES (AP) — After sparring for more than a year, Mel Gibson and his ex-girlfriend have reached a financial and custody settlement of a bitter dispute that spawned a criminal case and left the Academy Award winner's reputation damaged. Los Angeles Superior Court officials said in a statement ...

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Foreign, local staffers killed in Nigeria UN blast

ABUJA, Nigeria (AP) — A Norwegian and 10 Nigerians were among the United Nations staffers killed in a suicide car-bomb attack claimed by a radical Muslim group at the world body's headquarters in Nigeria's capital last week, the U.N. said Tuesday. U.N. Secretary-General Ban Ki-moon later Tuesday ...

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Syria forces kill boy and 6 others, activists say

Security forces firing into crowds of protesters killed a 13-year-old boy and six other people across Syria on Tuesday, activists said, closing the Islamic holy month of Ramadan, one of the bloodiest periods of President Bashar Assad's months-long military crackdown on a popular uprising. The final ...

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