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Virgin Mobile and Verizon retain content of text messages
The cell phone service providers Virgin Mobile and Verizon retain the content of text messages, according to a Justice Department memo obtained by the America Civil Liberties Union (ACLU) of North Carolina. Verizon, T-Mobile, AT&T, Sprint, Nextel, and Virgin Mobile all retain information relating to text messages, such as who…
BP and oligarchs face off as $4.9 billion claim looms
BP prompted the spat with AAR, the consortium of Russian and Russia-connected oligarchs who own half of oil company TNK-BP, by agreeing a share swap and Arctic exploration deal with Russian-state-controlledRosneft <ROSN.MM>. AAR secured a court injunction that blocked the deal, which finally collapsed in May when the quartet of billionaire shareholders…
Toyota auto output up for first time in 12 months
Japan’s Toyota Motor on Wednesday said domestic production rose for the first time in 12 months in August as it recovers from the impact of the March 11 earthquake and tsunami disaster. Total domestic production of cars, trucks and buses produced byToyota and its two affiliates – Daihatsu Motor and Hino Motors – rose 12.0 percent from…
Man Group loses $6 billion from asset base
Hedge fund manager Man Group said Wednesday it had lost $6.0 billion (4.4 billion euros) from its asset base since June due to financial markets chaos, sparking a 21-percent plunge in its shares. Man Group said in a trading update that its total funds under management currently stood at about $65 billion.…
Microsoft busts spam network
SAN FRANCISCO — Microsoft on Tuesday said it struck another blow in its battle against cyber crooks by busting a spam-sending network of virus-infected computers. Along with taking down a “botnet” believed to have been used for nefarious activities including spam, stock scams, and sexual exploitation of children, Microsoft sued…
U.S. economy on ‘knife edge’ of contraction: Fed economist
SAN ANTONIO (Reuters) – The U.S. economy is on a ‘knife edge’ between growth and contraction and monetary policy tweaks do not seem to be helping, the Dallas Federal Reserve’s top economist said on Tuesday. The U.S. jobs engine has lost momentum and could be set for further “backtracking,” Dallas Fed chief…
SEC opens investigation into Standard & Poor’s
Standard & Poor’s is the subject of a US investigation over a rating it issued in 2007 on the eve of the financial meltdown, according to the agency’s parent company McGraw-Hill. McGraw-Hill said in a statement it had received a “Wells Notice” last week informing it that the Security and…
As markets energize again, oil prices soar
World oil prices soared on Tuesday, mirroring the performance of global equities, as markets followed eurozone debt developments closely. Brent North Sea crude for delivery in November jumped $1.59 to $105.53 a barrel in London midday deals. New York’s main contract, West Texas Intermediate (WTI) for November, rallied $2.18 to…
BAE Systems to cut nearly 3,000 jobs
Arms manufacturer BAE Systems on Tuesday said it plans to axe almost 3,000 jobs in Britain, mainly at its military aircraft division, as governments slash their defence budgets. “Our customers are facing huge pressures on their defence budgets and affordability has become an increasing priority,” BAE Systems chief executive Ian…
Amazon expected to unveil tablet at mystery event
With nearly 30 million iPads sold, Apple is the undisputed tablet computer champion. BlackBerry maker Research In Motion, US computer giant Hewlett-Packard, South Korea’s Samsung and scores of other companies with devices powered by Google’s Android software have all taken swings at the iPad and missed. A contender may finally…
Brand new on Raw Story
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- John Oliver: Republicans resisting immigration reform ‘like a child with vegetables’
- North Korea’s Kim Jong-Un urges top officials to read Hitler’s Mein Kampf
- Maddow points out ‘fetal masturbation theorist’ is vice chair of House’s health panel
- Rand Paul slams U.S. spy chief for lying to Congress about NSA surveillance
Commentary
Republicans’ latest abortion ban is staggeringly stupid
By Ana Marie Cox, The Guardian
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By Amanda Marcotte
The Center For Inquiry Likes Atheism’s Cranky White Guy Image, So Screw You Ladies
By Amanda Marcotte
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