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Fresno County moves to shut down medical marijuana shops

Officials in Fresno County, California voted last night in favor of a controversial measure that bans all distribution of medical marijuana and forces production into warehouses along the county’s industrial areas. Growers and sellers are almost certain to challenge the ordinance in court, arguing that it violates the state law’s…

Apple to recycle all computers and displays, free of charge

In a little noticed update to its website, Apple, the world’s largest computer company, said this week that it would begin recycling old Macs, PCs and monitors sent to them through the mail — and they’re even picking up the shipping bill. Apple’s e-waste recycling program was first launched in…

Capital One Buys HSBC credit card for $33 billion

HONG KONG (Reuters) - HSBC is selling its U.S. credit card arm to Capital One Financial Corp in a $32.7 billion deal as Europe’s top bank streamlines its mammoth operations. It marks the second major deal in the United States for cards specialist Capital One, which said it was paying a $2.6…

Scientists predict eruption of undersea volcano

US scientists said Tuesday they have for the first time successfully predicted the eruption of one of the world’s most active undersea volcanoes off the coast of the western state of Oregon. Scientists from Oregon and New York have been monitoring Axial Seamount, 250 miles (400 kilometers) out to sea, since…

Goldman says QE3 likely after Fed statement

SINGAPORE (Reuters) – Goldman Sachs said on Wednesday a third round of quantitative easing from the Federal Reserve is likely after the U.S. Federal Reserve promised to keep rates at extraordinarily low levels for at least two more years. “We now see a greater-than-even chance that the FOMC will resume…

Apple copycat ‘hiPhone 5′ comes calling in China

SHANGHAI (Reuters) – The newest version of Apple Inc’s popular iPhone has already hit the Chinese market — the fake market that is. The ‘hiPhone 5‘ is selling for as little as 200 yuan ($31) on China’s top e-commerce platform Taobao, which is owned by Alibaba Group. But one has to pay around 800 yuan for a…

Facebook agrees to disable California inmate accounts

LOS ANGELES — Facebook has agreed to disable the profiles of prison inmates in California whose accounts have been updated while they are behind bars. “Access to social media allows inmates to circumvent our monitoring process and continue to engage in criminal activity,” California Department of Corrections and Rehabilitation secretary…

Stocks rally at day’s end, erasing most of Monday’s major losses

NEW YORK (Reuters) – Stocks rallied on Tuesday in a volatile session as investors struggled to decipher the Federal Reserve’s signals on the economy after a dizzying two-week slide. The Dow Jones industrial average was up 429.69 points, or 3.97 percent, at 11,239.54, based on the latest figures. The Standard…

Fed vows low rates for two more years

The Federal Reserve pledged Tuesday to hold interest rates near zero for two more years and said it was mulling the tools it has to boost a slowing economy. Meeting as worries grew of a new recession, the Fed’s policy board said growth so far this year had been “considerably…

US stocks rebound after Monday’s rout

US stocks rebounded strongly in early trade Tuesday, surging well over one percent one day after their steepest plunge since the 2008 financial crisis. The Dow Jones Industrial Average added more than two percent in early trade before falling back slightly, while the Nasdaq’s early gain topped 2.6 percent. At 1415 GMT the…

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