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Netflix price hike draws user ire, investor glee
LOS ANGELES (Reuters) – Netflix Inc’s hefty price increase provoked an unprecedented outpouring of outrage on the Internet, but Wall Street cautiously welcomed the move, sending its shares up nearly 3 percent on Wednesday. Thousands of subscribers complained on Netflix’s official blog with many threatening to cancel subscriptions after the…
Murdoch could be compelled to sell off British newspapers
Rupert Murdoch built his vast fortune selling newspapers, expanding a single daily in his native Australia into a media and entertainment empire that spans the globe. But the phone-hacking scandal in Britain which led to the shock closure of the News of the World is raising the once-unthinkable possibility of a News…
U.S. debt default would trigger global ‘crisis’: Bernanke
US central bank chief Ben Bernanke warned Wednesday that a US debt default would trigger a “major crisis” in the global economy, as the White House and its Republican foes groped for a budget deal. “Clearly, if we went so far as to default on the debt, it would be…
Nike, Adidas suppliers ‘polluting China rivers’
Environmental campaigners on Wednesday accused suppliers to major clothing brands including Adidas and Nike of poisoning China’s major rivers with hazardous chemicals linked to hormonal problems. Greenpeace said eight samples of wastewater discharge from two factories in the Yangtze and Pearl River deltas, identified as suppliers for the brands, contained…
WikiLeaks’ Assange wraps up appeal case
Lawyers for WikiLeaks chief Julian Assange wrapped up their arguments on Wednesday against his extradition to Sweden to face rape allegations, as they pursued a new “quiet” approach to his defence strategy. Assange has a new legal team which has abandoned the bombastic statements by his previous lawyers warning that…
Private space race heats up as U.S. shuttle retires
Private companies, aided by NASA’s cash and expertise in human space flight, are rushing to be the first to build a space capsule to replace the retiring US shuttle in the next few years. With Atlantis wrapping up its final mission and the end of the 30-year US program just…
More than a million Twitter ‘apps’ registered
Twitter on Monday announced that the number of applications registered at the popular microblogging service has topped a million. Word of the milestone came as the San Francisco-based startup launched a new website at dev.twitter.com for software developers interested in tailoring fun, hip or functional programs for Twitter. “Application developers…
More than a third of U.S. adults own smartphones: study
A Pew Research Center study released on Monday indicated that 35 percent of US adults own smartphones as the Internet is increasingly being accessed using gadgets on the go. A quarter of US smartphone owners claimed to do most of their online browsing from mobile devices, according to the study…
Testy U.S. debt talks set to enter third day
President Barack Obama and his Republican opponents headed Tuesday into a third straight day of talks seeking an elusive deal to avert a potentially ruinous early August default on US debt payments. The 3:45 pm (1935 GMT) discussions at the White House came after Obama Monday scolded Republicans and pressed…
Eurozone ‘may allow’ selective Greek debt default
Eurozone finance ministers are open to the possibility of allowing a selective debt default in Greece within a new rescue plan for the country, the Dutch finance minister said Tuesday. “It’s not excluded anymore, clearly,” Jan Kees de Jager said on arriving for talks with European Union counterparts, one day…
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