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‘Copyright troll’ Righthaven loses key client as lawsuits taper off

The company Righthaven, LLC., known to its critics as a “copyright troll” that earns its money by suing media organizations over copyright claims, has been struggling lately thanks to a string of court losses — but on Thursday the company may have sustained a fatal blow. With over 50 newspapers,…

Mexico detains 80 in crackdown on drug gang communications

Mexican troops detained 80 suspected members of the Zetas drug gang, including six police, in eastern Veracruz and broke up their network of encrypted communications, the military said Thursday. The raid meant that the Zetas had lost their lines of communication and control over the organization, said Jose Luis Vergara,…

Fed prepared to act to boost growth: Bernanke

The Federal Reserve is ready to take new action to speed up the economy, Fed chief Ben Bernanke said Thursday, but warned that government budget-cutting could hold back growth. “The Federal Reserve has a range of tools that could be used to provide additional monetary stimulus,” Bernanke said in a…

Twitter says use rocketing and going mobile

SAN FRANCISCO — Twitter said Thursday that the number of active monthly users has soared to more than 100 million with the majority of people logging in on the go. “We’re seeing tremendous growth on mobile,” Twitter chief executive Dick Costolo said during an informal ‘state of the union’ update…

China hits back at Romney trade jibes

China slammed US presidential hopeful Mitt Romney Thursday after he said he would end his country’s “trade surrender” to Beijing, accusing him and other would-be candidates of “scapegoating China”. An English-language commentary by the state Xinhua news agency called his remarks “old-fashioned and ill-advised”, warning: “China is no cause of…

Former CEO says Yahoo ‘f*cked me over’

Former Yahoo CEO Carol Bartz is wasting no time in making public her thoughts about the company that fired her. Less than 24 hours after chairman Roy Bostock let Bartz know that her services would no longer be needed, she was speaking out in an interview with Fortune. “These people…

Facebook doubles first-half revenue

SAN FRANCISCO (Reuters) – Facebook’s revenue doubled to $1.6 billion in 2011′s first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc. Net income in the first half of 2011 came to…

Judge sets first hearing in AT&T anti-trust case

WASHINGTON — The federal judge hearing the US government’s lawsuit seeking to block AT&T’s $39 billion takeover of T-Mobile has set a first meeting to discuss the prospects for a settlement. US District Judge Ellen Huvelle ordered lawyers for the Justice Department, AT&T and T-Mobile, the US unit of Germany’s…

U.S. economy growing at slow pace: Fed report

WASHINGTON — The US economy continues to grow slowly, with patches of weaker activity, the Federal Reserve said Wednesday in a report ahead of a key monetary policy meeting this month. Recent stock market swings and rising economic uncertainty have dampened confidence, the Fed said in its latest Beige Book…

U.S. stocks rally on Fed report

NEW YORK — US stocks jumped on Wednesday after a German court ruling helped clear the way for a eurozone bailout plan and the Federal Reserve said the US economy was still growing slowly. The Dow Jones Industrial Average rose 275.56 points (2.47 percent) to close at 11,414.86, in a…

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