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Obama into fray as Republicans feud
As Republicans feud in a divisive nominating melee, President Barack Obama this week takes his reelection blueprint of economic justice for all direct and unfiltered to American voters. Obama will lay out his vision in his annual State of the Union address on Tuesday, seeking to defy political logic that suggests incumbent…
BlackBerry maker CEOs resign
Mike Lazaridis and Jim Balsillie, the co-chief executives of Research In Motion, have resigned following months of investor pressure for a change at the helm of the struggling BlackBerry maker. Chief operating officer Thorsten Heins was named president and CEO of the Waterloo, Ontario-based RIM, which has been steadily losing market share to Apple’s iPhone and handsets…
Hitachi to stop making televisions
Japanese high-tech giant Hitachi said it will stop making televisionsby the end of September as intense price competition hurts TV earnings at many electronics manufacturers worldwide. Hitachi will “terminate television production by the end of September” in Japan, said Sayori Nishino, a company spokeswoman, having already outsourced overseas TV manufacturing to foreign firms in 2009. But it will still…
Megaupload founder denies piracy, demands release
The founder of file-sharing site Megaupload.com appeared in a New Zealand court Monday demanding to be released from prison and denying he had done anything illegal. A judge reserved a decision until at least Tuesday on Kim Dotcom’s bail application as details emerged of his lavish champagne lifestyle involving fast…
Apple supplier chief compares workers to ‘animals,’ company apologizes
Taiwan technology giant Foxconn has apologised over comments by chief Terry Gou allegedly comparing workers to animals, according to a report. Gou drew criticism on online news forums and discussion sites after he was quoted by Taiwanese media as saying “I have a headache how to manage one million animals”…
Despite growth, few companies plan on hiring
WASHINGTON (Reuters) – Few U.S. companies plan to step up hiring in the next six months although they do expect the economy to be a bit stronger this year, according to a poll released on Monday. The National Association for Business Economics’ industry survey found that two-thirds of respondents expected…
Syria rejects Arab League call for power change
Syria on Monday rejected an Arab League plan for President Bashar al-Assad to transfer power to his deputy, calling the initiative a “flagrant interference,” state TV quoted an official as saying. “Syria rejects the decisions taken which are outside an Arab working plan, and considers them an attack on its…
Firm stops file sharing after Megaupload case
(Reuters) – FileSonic, a website providing online data storage, has disabled its file sharing services following a U.S.-led crackdown on a rival website and amid heated debate over Washington’s attempts to clamp down on online piracy. Police in New Zealand and Europe have made a number of arrests in recent…
Year of the Dragon roars into Asia
A billion-plus Asians welcomed the Year of the Dragon on Monday with a cacophony of fireworks, hoping the mightiest sign in the Chinese zodiac will usher in the wealth and power it represents. From Malaysia to South Korea, millions of people travelled huge distances to reunite with their families for…
U.S. carrier in Gulf after Strait of Hormuz pass
The US aircraft carrier USS Abraham Lincoln has passed through the Strait of Hormuz and is now in the Gulf, the Pentagon said, after Tehran threatened to close the strategic shipping route. “USS Abraham Lincoln … completed a regular and routine transit of the Strait of Hormuz … to conduct…
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