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World stocks surge on eurozone debt hopes

Global stocks rallied for a second day with a strong advance in Europe and Asia on Tuesday on signs that EU and world leaders are preparing a blockbuster response to the eurozone debt crisis. The euro steadied against the dollar as Greek Prime Minister George Papandreou headed for talks with…

Twitter opening international base in Ireland

Twitter, the San Francisco-based micro-blogging website, is to open an international office in Dublin, the Irish Industrial Development Agency announced — in a tweet. “Ireland is trending. Twitter to establish international office in Dublin,” the message said. Twitter joins a band of high-profile technology and computer multinationals with bases in…

Facebook forms political action committee

WASHINGTON — Facebook said Monday that it is forming a political action committee (PAC) for employees of the social network to make contributions to candidates. Most large US corporations have established PACs, which are allowed to donate $5,000 to a candidate per election and up to $15,000 annually to a…

USA Today Twitter feed hacked

The Twitter account of USA Today has been hacked in the latest cyberattack on a US media outlet by a group calling itself the “Script Kiddies.” USA Today, the flagship paper of Gannett, the largest US newspaper chain, issued on apology on Sunday after the hackers seized control of the…

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…

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