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Billing dispute reveals CIA torture flights

A billing dispute in New York has revealed details of secret CIA rendition flights that transported terror suspects around the world following the September 11 attacks, newspapers reported. The Washington Post, one of a handful of media outlets alerted to the public court documents by a London-based rights group, said…

Goldman Sachs and two other firms agree to end robo-signing

(Reuters) – Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law, the Wall Street Journal said. In an agreement with New York’s financial-services…

Factories falter as orders fade away

LONDON/SINGAPORE (Reuters) – Factory activity stalled last month as new orders tumbled, heightening fears that the global economy is heading for another downturn, a series of surveys showed on Thursday. The Purchasing Managers’ Indexes showed manufacturing activity contracted in the euro zone for the first time in almost two years…

Sony to release tablet computer this month

Sony’s first tablet computer will hit the Japanese market on September 17 as the company looks to take on Apple’s popular iPad, the electronics giant said Thursday. The Sony Tablet will be powered by Google’s Android software, allowing users to download content such as books, movies and games. The Sony…

Another Apple employee loses iPhone 5 prototype

SAN FRANCISCO — Technology news website CNET on Wednesday reported that a new version of Apple’s coveted iPhone went astray in a bar in a replay of an embarrassing loss that took place last year. An Apple employee lost a yet-to-be released iPhone model in a tequila bar in the…

Analysts: Antitrust suit a huge blow for AT&T

The decision by US authorities to challenge AT&T’s $39 billion takeover of T-Mobile is a bitter blow for the US telecoms giant, but it could benefit consumers, analysts said. As it filed a lawsuit to block the takeover on Wednesday, the US Department of Justice said the takeover bid —…

DOJ files antitrust suit to block AT&T’s T-Mobile purchase

The U.S. Justice Department announced Wednesday it would seek to block AT&T’s $39 billion takeover of T-Mobile, saying it would be anti-competitive. The DOJ asked the court for a declaration that the takeover would violate U.S. antitrust law because it would “substantially lessen competition” in the U.S. wireless market. “The…

U.S. files to block AT&T buy of T-Mobile

WASHINGTON (Reuters) – The Obama administration on Wednesday filed to block AT&T’s proposed acquisition of wireless rival T-Mobile USA because of anti-competitive concerns, two sources familiar with the matter said. Blocking the combination on antitrust grounds would be a big blow to the telecommunication giant’s expansion plans. A Justice Department…

Rupert and James Murdoch called to testify again, this time under oath

Shortly after their first round of testimony before British Parliament in July, News Corp. CEO Rupert Murdoch and son James were already issuing revisions to what they’d told lawmakers about the company’s hacking scandals. After two former News Corp. employees pointed to inaccuracies in their testimony, James Murdoch admitted he…

25 U.S. firms paid more to CEOs than tax collectors: study

Twenty-five major US firms paid more to their chief executives than to federal tax collectors in 2010, with most of the companies receiving tax refunds, a liberal-leaning think tank said Wednesday. The study by the Institute for Policy Studies comes ahead of another expected round of fierce partisan bickering over…

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