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Major News Corp. investor calls for Brooks to quit

LONDON — Saudi billionaire Prince Alwaleed bin Talal, a major shareholder in Rupert Murdoch’s scandal-hit News Corp. organisation, on Thursday said under-fire executive Rebekah Brooks “had to go”. “For sure she has to go, you bet she has to go,” News Corp.’s second largest shareholder said of Brooks on BBC’s…

Radiation from airport TSA body scanners ‘minor’

A new study of airport body scanners by U.S. Army scientists shows that the machines produce a low dose of radiation, supporting Transportation Security Administration claims that a screening is equivalent to the radiation a passenger gets in two minutes of flying. The scanners, which use X-rays to check for objects…

Pentagon: 24,000 files stolen from defense contractor

WASHINGTON — A foreign intelligence service stole 24,000 computer files in March from a defense contractor developing systems for the US military, a top Pentagon official said Thursday. “This was significant,” Deputy Defense Secretary William Lynn told reporters. “I don’t think it set us back in terms of the development…

Moody’s puts U.S. ratings on review for downgrade

NEW YORK (Reuters) – The United States may lose its top-notch credit rating in the next few weeks if lawmakers fail to increase the country’s legal borrowing limit and the government misses debt payments, Moody’s Investors Service warned on Wednesday. Moody’s is the first of the big-three credit rating agencies to place the…

Netflix price hike draws user ire, investor glee

LOS ANGELES (Reuters) – Netflix Inc’s hefty price increase provoked an unprecedented outpouring of outrage on the Internet, but Wall Street cautiously welcomed the move, sending its shares up nearly 3 percent on Wednesday. Thousands of subscribers complained on Netflix’s official blog with many threatening to cancel subscriptions after the…

Murdoch could be compelled to sell off British newspapers

Rupert Murdoch built his vast fortune selling newspapers, expanding a single daily in his native Australia into a media and entertainment empire that spans the globe. But the phone-hacking scandal in Britain which led to the shock closure of the News of the World is raising the once-unthinkable possibility of a News…

U.S. debt default would trigger global ‘crisis’: Bernanke

US central bank chief Ben Bernanke warned Wednesday that a US debt default would trigger a “major crisis” in the global economy, as the White House and its Republican foes groped for a budget deal. “Clearly, if we went so far as to default on the debt, it would be…

Nike, Adidas suppliers ‘polluting China rivers’

Environmental campaigners on Wednesday accused suppliers to major clothing brands including Adidas and Nike of poisoning China’s major rivers with hazardous chemicals linked to hormonal problems. Greenpeace said eight samples of wastewater discharge from two factories in the Yangtze and Pearl River deltas, identified as suppliers for the brands, contained…

WikiLeaks’ Assange wraps up appeal case

Lawyers for WikiLeaks chief Julian Assange wrapped up their arguments on Wednesday against his extradition to Sweden to face rape allegations, as they pursued a new “quiet” approach to his defence strategy. Assange has a new legal team which has abandoned the bombastic statements by his previous lawyers warning that…

Private space race heats up as U.S. shuttle retires

Private companies, aided by NASA’s cash and expertise in human space flight, are rushing to be the first to build a space capsule to replace the retiring US shuttle in the next few years. With Atlantis wrapping up its final mission and the end of the 30-year US program just…

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