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Judge sets first hearing in AT&T anti-trust case

WASHINGTON — The federal judge hearing the US government’s lawsuit seeking to block AT&T’s $39 billion takeover of T-Mobile has set a first meeting to discuss the prospects for a settlement. US District Judge Ellen Huvelle ordered lawyers for the Justice Department, AT&T and T-Mobile, the US unit of Germany’s…

U.S. economy growing at slow pace: Fed report

WASHINGTON — The US economy continues to grow slowly, with patches of weaker activity, the Federal Reserve said Wednesday in a report ahead of a key monetary policy meeting this month. Recent stock market swings and rising economic uncertainty have dampened confidence, the Fed said in its latest Beige Book…

U.S. stocks rally on Fed report

NEW YORK — US stocks jumped on Wednesday after a German court ruling helped clear the way for a eurozone bailout plan and the Federal Reserve said the US economy was still growing slowly. The Dow Jones Industrial Average rose 275.56 points (2.47 percent) to close at 11,414.86, in a…

BP finds more oil in US Gulf of Mexico field

British oil giant BP announced Wednesday a major oil find in the US Gulf of Mexico that it said underscores the development potential of the region. An appraisal well drilled in an untested northern segment of the Mad Dog field found “a significant resource extension” for the Mad Dog Field…

Yahoo CEO fired over the phone, rocky run ends

SAN FRANCISCO (Reuters) – Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba. Chief Financial Officer Tim Morse will step in as interim CEO, and the company will search for a…

U.S. experts eye Cuba oil plans after BP spill

A group of US experts led by a former top environment official has visited Cuba to gather information on the communist country’s Gulf of Mexico oil exploration plans, according to state media. William Reilly, who led the US Environmental Protection Agency (EPA) under former president George H.W. Bush and led…

Former U.S. official to head cybersecurity at Sony

WASHINGTON — Japanese electronics giant Sony, which suffered a huge data breach this year, named a former top US Department of Homeland Security official on Tuesday to lead its cybersecurity efforts. Philip Reitinger, who worked at US software giant Microsoft before joining the US government, has been appointed Sony’s chief…

Napolitano: Shoes will soon stay on at airport security

You will have one less inconvenience to deal with at the airport in the future. Homeland Security Security Janet Napolitano told Politico that air passengers will eventually not have to take off their shoes anymore while going through security checks. “We are moving towards an intelligence and risk-based approach to how we…

Perry’s Super PACs may outspend Perry in 2012

Leaked internal budget and strategy documents for a Super PAC supporting Republican presidential frontrunner Rick Perry show that the committee is prepared to outspend the candidate they support. Make Us Great Again, the largest of several Super PACs supporting the Texas governor (in late August the group absorbed the Americans…

Ex. News Corp bosses say they investigated hacking

LONDON (Reuters) – News Corp did all it could to investigate a claim in 2007 that phone hacking was widespread at its News of the World tabloid before concluding there was no evidence to support it, a former human resources executive said on Tuesday. Daniel Cloke, who was in charge…

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