Quantcast
Home » Archives » Tech News (Page 337)

Governments welcome debt deal, still worry about ratings

SYDNEY (Reuters) – Japan and Germany welcomed news of an 11th-hour deal to avoid a U.S. government default on Monday, but officials in both countries said Washington must do more to deal with its huge debt burden and the threat of a cut in its credit ratings. Japan, second to…

HSBC to cut up to 30,000 jobs by 2013

HSBC will slash up to 30,000 jobs worldwide over the next two years as part of a major cost-cutting drive, the global banking giant said on Monday, as it posted bumper profits. “There will be further job cuts,” HSBC chief executive Stuart Gulliver told journalists on a conference call after…

Soaring demand spotlights secret NY gold hoard

If there’s one place a James Bond villain — or even some actual governments — would love raiding today, it’s the basement of a somber building in lower Manhattan: the world’s biggest gold vault. Gold prices hit a record $1,632.8 an ounce Friday, reflecting a nervous rush by private and…

Tokyo shares up on Obama’s debt deal announcement

Tokyo shares rose 1.71 percent on Monday after US President Barack Obama announced that he and top lawmakers had reached an 11th-hour deal to avert a potentially disastrous debt default. At 0100 GMT the Nikkei 225 index at the Tokyo Stock Exchange rose 167.29 points to 10,000.32. The dollar briefly…

Black Caucus, progressives to oppose debt deal

“The leaders of both parties in both chambers have reached an agreement that will reduce the deficit and avoid default,” President Barack Obama said in a brief statement to the press Sunday night at the White House. Just because Obama has House Speaker John Boehner (R-OH) and Senate Majority Leader…

BREAKING: Obama, congressional leaders strike deal to avoid debt default

President Barack Obama settled on a plan with congressional leaders to avoid debt default, announced just past 8:30 p.m. Sunday night. Senate Republican Leader Mitch McConnell, in a floor speech, reassured Congress that there was a plan in place. A vote is planned to take place Monday. “There is now…

Lawmakers close to deal to avoid default

WASHINGTON (Reuters) – Lawmakers were close to a last-ditch $3 trillion deal on Sunday to raise the U.S. borrowing limit and assure jittery financial markets that the United States will avoid a potentially catastrophic default. The tantalizing possibility of an agreement raised hopes that a weeks-long partisan brawl over cutting…

Largest US credit union readies for possible budget crisis

The largest US credit union, which serves the military, is preparing for a possible US government budget crisis by offering to advance pay for members with direct deposit accounts, in the event that federal funds are cut off. The move comes as US lawmakers on Saturday engaged in a frantic…

Google buys up more than 1000 IBM patents

NEW YORK — Google has bought more than 1,000 technology patents from IBM as the Internet giant seeks to build up its portfolio and head off potential intellectual property suits. “Like many tech companies, at times we’ll acquire patents that are relevant to our business needs,” a Google spokesman said…

Anonymous claims to have ‘pwned’ defense contractor ManTech

A Twitter account associated with the hacktivist group Anonymous is claiming to have breached the security of defense contractor ManTech. “A Wild Release Appears: http://thepiratebay.org/torrent/6571301- Fuck FBI Friday III: ManTech Mayhem | Have fun :-) #AntiSec #FFFriday #FFF” the tweet reads. The linked file explains in more detail: “Ahoy thar,…

Google+