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Apple argues iPad case in Australia tablet row

American computer giant Apple claimed on Monday that Samsung Electronics’ latest tablet computer infringes on patents relating to touch screen technology. Lawyers for Apple addressed the Federal Court after the firm launched legal action against the South Korean company last month, accusing it of intellectual property infringements with the Galaxy…

Shell in Nigeria shuts in 25,000 bpd of oil

Anglo-Dutch oil group Shell said Monday it has shut in 25,000 barrels per day of crude in a southern Nigerian oil field due to spills caused by sabotage and theft. “The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has shut in production from Imo River Field due to a…

‘Multiple parties’ interested in buying Yahoo!

Yahoo! is fielding inquiries from “multiple parties” who have expressed an interest in the struggling Internet company, officials said Friday in a memo sent to employees and obtained by AFP. The board of directors of the Sunnyvale, California-based firm is carrying out a “strategic review” in order to “help return…

Global economy faces ‘lost decade’: Russian minister

The world economy faces a lost decade of low growth even though it is still possible to stave off another global recession, Russia’s finance minister was quoted as saying on Saturday. “We are probably faced with a lost decade. It is already obvious that growth rates are going to be…

Geithner wants ‘decisive signal’ on eurozone debt

US Treasury Secretary Timothy Geithner has called on Europe’s leaders to send a “decisive signal” that they can handle the debt crisis, as pressure builds for action to prevent further eurozone damage. With the US and eurozone debt and deficit crisis overhanging the IMF-World Bank annual meeting in Washington, top…

DISH Satellite Network to compete with Netflix

SAN FRANCISCO — US satellite television provider DISH Network has teamed with Blockbuster to stream films in a challenge to online video rental giant Netflix. DISH on Friday said it will charge monthly subscriptions of $10 for a “Blockbuster Movie Pass” that lets people stream films or television shows as…

Bill Gates: Tax financial transactions to help poor nations

By Lesley Wroughton WASHINGTON (Reuters) – A report by Microsoft founder Bill Gates to Group of 20 ministers on Friday proposes raising new funding for poorer countries by taxing financial transactions, tobacco, and shipping and aviation fuels, according to details of a G20 report obtained by Reuters. The Gates Foundation…

European stocks struggle to recover from slump

European equities edged higher on Friday as the G20 attempted to calm markets after the recent rout, but sentiment was plagued by global economic woes and the eurozone debt crisis centred on Greece. Asian indices fell for a second straight day on Friday, after more losses on Wall Street, on…

HP names Meg Whitman as CEO

NEW YORK — Hewlett-Packard said Thursday it had named Meg Whitman, the former eBay chief, as president and chief executive officer, replacing Leo Apotheker at the world’s biggest computer maker. “We are fortunate to have someone of Meg Whitman’s caliber and experience step up to lead HP,” said Ray Lane,…

U.S. markets extend losses, Dow down 4%

NEW YORK — US stocks extended a brutal sell-off Thursday, plunging more than four percent in the final hours of trade, fueled by the Federal Reserve’s stark warning about the health of the US economy. The Dow Jones Industrial Average was down 478.47 points (4.30 percent) to 10,646.37 at 1800…

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