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Microsoft previews Windows 8, stresses tablets

Microsoft pulled back the curtain on new Windows computer operating software designed to power not only personal computers but also rivals to Apple’s iPad. Windows division president Steven Sinofsky stressed touchscreen tablets on Tuesday as he boasted of the diverse types of hardware that Windows 8 will run after its…

Facebook appoints director of privacy

WASHINGTON — Facebook, which has been dogged by complaints over privacy, announced Tuesday that it has named a director of privacy at the social network. Erin Egan, a privacy and data security lawyer with the firm of Covington & Burling, will join Facebook in mid-October, the Palo Alto, California-based company…

Studies: Financial regulation leads to long-term growth

With the presidential campaign in motion, and President Obama urging immediate passage of his new jobs bill, the attention in Washington has shifted almost exclusively to the economy and job creation. And that means a shift away from regulation, right? Not necessarily. Some regulators and financial industry experts are predicting…

U.S. to require bankruptcy plans from ‘too big to fail’ firms

WASHINGTON — US regulators approved Tuesday a rule requiring 37 large US and foreign financial institutions to submit plans to allow for their orderly dismantlement in case of bankruptcy. In the wake of the 2008-2009 financial crisis, the Federal Deposit Insurance Corporation rule, which regulates banks, has adopted the rule…

Facebook rolling out ‘smart lists’ of friends

SAN FRANCISCO — Facebook on Tuesday introduced “smart lists” that automatically sort friends into categories and prioritize news from those dearest to members of the world’s largest online social network. The rollout of smart lists commences on Wednesday and comes as rival Google+ seeks to win over users by providing…

Nintendo looks to boost 3DS with new games

Nintendo unveiled a string of new software titles at a highly anticipated Tokyo trade show on Tuesday, as it attempts to boost sales and reignite interest in its struggling 3DS handheld games console. But Nintendo shares tumbled more than 5 percent on the Osaka bourse with investors underwhelmed by the…

Social networking top online activity in U.S.

US Internet users are spending nearly a quarter of their online time at blogs and social networks, with Facebook the most popular destination, according to a survey released by Nielsen. “Social media’s popularity continues to grow, connecting people with just about everything they watch and buy,” Nielsen said in a…

Amazon says tax delay will save jobs

Amazon said legislation allowing online retailers to delay for one year the collection of sales tax in California would save jobs and provide time for a national law to be drawn up. Debt-stricken California desperately needs revenue but a bill that could compel online shoppers to pay tax for the…

Tax rate adjustments to pay for Obama jobs plan

The president’s $447 billion plan for tax incentives and infrastructure spending to create new jobs would be paid for by adjusting the tax rates of wealthy Americans, such as hedge funds managers and corporate jet owners, laying the burden of continued economic recovery at the feet of those who’ve seen…

BofA plans 30,000 job cuts; investors underwhelmed

(Reuters) – Bank of America Corp said it is cutting 30,000 jobs in the coming years as it looks to slash annual expenses by $5 billion, but investors were disappointed in the scant new detail the bank provided about its plans. The bank’s chief executive,Brian Moynihan, said Bank of America…

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