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Johns Hopkins scientists figure out how to ‘disarm’ AIDS virus

Scientists at Johns Hopkins University said recently that they have learned how to “disarm” the AIDS virus by eliminating the cells’ membranes, effectively stopping it from hijacking its victim’s immune system. Research results published last week in the medical journal Blood indicated the treatment method could lead to a vaccine…

Ex-BP boss quits Russian joint venture

Tony Hayward, the former head of BP who stepped down after the Gulf of Mexico oil spill catastrophe, is leaving his post on the board of its Russian joint venture TNK-BP, the company said Monday. Hayward, who came under huge criticism for his role in the clean-up of the oil…

SEC mulls charges against McGraw Hill in CDO case

(Reuters) – McGraw-Hill Cos Inc said U.S. regulators may charge its Standard & Poor’s ratings unit with violating federal securities laws with ratings on a repackaged mortgage bond in 2007. The company said it received a Wells Notice from the U.S. Securities and Exchange Commission that commission staff may recommend a civil…

Netflix edges out HBO for Dreamworks deal: report

LOS ANGELES (Reuters) – Netflix Inc has won a deal to pipe Dreamworks Animation movies starting in 2013, the first time a major Hollywood studio has chosen Internet streaming over traditional pay TV, The New York Times reported on Sunday. Dreamworks CEO Jeffrey Katzenberg told the newspaper the deal, worth…

Apple argues iPad case in Australia tablet row

American computer giant Apple claimed on Monday that Samsung Electronics’ latest tablet computer infringes on patents relating to touch screen technology. Lawyers for Apple addressed the Federal Court after the firm launched legal action against the South Korean company last month, accusing it of intellectual property infringements with the Galaxy…

Shell in Nigeria shuts in 25,000 bpd of oil

Anglo-Dutch oil group Shell said Monday it has shut in 25,000 barrels per day of crude in a southern Nigerian oil field due to spills caused by sabotage and theft. “The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has shut in production from Imo River Field due to a…

‘Multiple parties’ interested in buying Yahoo!

Yahoo! is fielding inquiries from “multiple parties” who have expressed an interest in the struggling Internet company, officials said Friday in a memo sent to employees and obtained by AFP. The board of directors of the Sunnyvale, California-based firm is carrying out a “strategic review” in order to “help return…

Global economy faces ‘lost decade’: Russian minister

The world economy faces a lost decade of low growth even though it is still possible to stave off another global recession, Russia’s finance minister was quoted as saying on Saturday. “We are probably faced with a lost decade. It is already obvious that growth rates are going to be…

Geithner wants ‘decisive signal’ on eurozone debt

US Treasury Secretary Timothy Geithner has called on Europe’s leaders to send a “decisive signal” that they can handle the debt crisis, as pressure builds for action to prevent further eurozone damage. With the US and eurozone debt and deficit crisis overhanging the IMF-World Bank annual meeting in Washington, top…

DISH Satellite Network to compete with Netflix

SAN FRANCISCO — US satellite television provider DISH Network has teamed with Blockbuster to stream films in a challenge to online video rental giant Netflix. DISH on Friday said it will charge monthly subscriptions of $10 for a “Blockbuster Movie Pass” that lets people stream films or television shows as…

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