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Nintendo announces new console amidst profit slump
TOKYO (AFP) – Nintendo said on Monday it would release a new console next year to succeed its popular Wii, as it reported earnings slumped due to the strong yen and its 3D handheld player came too late to give a lift. The video game giant said the new machine…
Sony rebuilding PlayStation Network after breach
SAN FRANCISCO (AFP) – PlayStation Network has remained offline as Sony worked to rebuild the service that connected PlayStation 3 (PS3) consoles to games, films, and other digital offerings. PlayStation Network and Qriocity streaming music service were turned off April 20 in the wake of an “external intrusion,” according to…
U.S., Mexican officials to discuss drug war escalation
MEXICO CITY (AFP) – Senior US and Mexican officials will meet on Friday to discuss joint efforts to halt the increasingly brutal cross-border drug trade, according to Mexico’s foreign ministry. The Mexican delegation will be lead by Foreign Minister Patricia Espinosa, an official told AFP late Monday. RELATED: Pot-bashing Republican…
Japan auto giants see home output plunge post-quake
TOKYO (AFP) – Japan’s leading automakers said Monday that domestic production plummeted in March after the massive quake and tsunami, which shut off parts supplies and led to widespread power shortages. Toyota, Nissan and Honda all reported massive falls in output due to the disaster and ratings agency Standard &…
Silver surges 5 percent on dollar and gold at record
SINGAPORE (Reuters) – Spot silver surged more than 5 percent to top $49 ounce on Monday, moving closer to its 1980 all-time peak lifted by a weak dollar and strong physical demand in Asia that also sent gold to a record high for a seventh consecutive session. Spot silver was…
Samsung countersues Apple over iPhone, iPad
SEOUL (Reuters) – Samsung Electronics Co has filed patent lawsuits against Apple over the U.S. firm’s iPhone and iPad in a tit-for-tat case after Apple claimed Samsung’s smartphones and tablets “slavishly” copied its products. Apple filed a lawsuit last Friday alleging Samsung violated patents and trademarks of its iPhone and…
Obama team to investigate oil market fraud
RENO (Reuters) – President Barack Obama said on Thursday the U.S. attorney general was assembling a team to root out any fraud and manipulation in the oil markets that might be contributing to higher U.S. gasoline prices. “The truth is, there’s no silver bullet that can bring down gas prices…
Amazon hosting issues knock websites offline
WASHINGTON — Foursquare, Quora, Reddit and other popular websites were sluggish or knocked offline on Thursday because of problems with their Web host Amazon. “Our usually amazing datacenter hosts, Amazon EC2, are having a few hiccups this morning, which affected us and a bunch of other services that use them,”…
US hacker pleads guilty to credit card theft
WASHINGTON — A 26-year-old computer hacker pleaded guilty on Thursday to stealing hundreds of thousands of credit card numbers, causing losses of more than $36 million. Rogelio Hackett, of Lithonia, Georgia, entered the plea in an Alexandria, Virginia court, the Justice Department said in a statement. US Secret Service special…
Lawmakers demand answers from Apple about iPhone tracking
Sen. Al Franken (D-MN) and Rep. Ed Markey (D-MA) have sent letters to Apple CEO Steve Jobs demanding to know why Apple’s products are keeping a log of every place the owner goes. Researchers Alasdair Allan and Pete Warden revealed Wednesday that Apple’s iPads and iPhones contain a database with…
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