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Samsung seeks sales ban on iPhone 5

South Korea’s Samsung Electronics will file lawsuits to try to block the sale of Apple’s iPhone 5 as part of its global legal tussle with the US technology giant, a report said Tuesday. The two firms are at loggerheads in a series of patent lawsuits over the technology and design…

Whistleblowers: Drug cartels throw fundraisers for U.S. officials

Two former law enforcement officials who worked with the Federal Bureau of Investigation (FBI) as confidential informants on probes into police corruption have come forward with allegations of drug cartel ties to top cops, judges and elected officials. Greg Gonzales, a retired sheriff’s deputy, and Wesley Dutton, a former New…

News International to pay $4.7 million to settle hacking case

(Reuters) – News International is expected to pay about three million pounds($4.7 million) to settle hacking claims by the family of murder victim Milly Dowler against the now defunct News of the World newspaper, sources close to the case told Reuters on Monday. The settlement is likely to involve close…

WikiLeaks auctions memorabilia to raise funds

Fancy a signed version of a WikiLeaks diplomatic cable, or a sachet of coffee smuggled out of jail by Julian Assange? Then the cash-strapped whistleblowing website has the auction for you. With its coffers empty because of the blocking of credit card payments by major operators including Visa and MasterCard,…

Moody’s stays negative on states, local governments

(Reuters) – Even though the recession officially ended more than two years ago, the still-weak U.S. economy and a pullback in federal support means the outlook for states and local governments remains negative, Moody’s Investors Service said on Monday. The two sectors of the $3.7 trillion U.S. municipal bond market…

Fed debates approach as inflation fears grow

A fight looms Tuesday in the US Federal Reserve as policy makers wrestle over whether the threat of inflation should prevent them from feeding more money into the economy to boost jobs. While one camp on the Federal Open Market Committee is believed to favor a hopefully stimulative economic measure…

LIVE Video: Global Protests of Wall Street

Occupy Wall Street has led a global protest in 74 cities, including New York City, on Wall Street. WATCH LIVE: Watch live streaming video from globalrevolution at livestream.com…

Father of UBS trader says he is ‘man of integrity’

The father of the trader charged over an alleged $2 billion fraud at Swiss bank UBS said Saturday he was preparing to fly to London to be with his son, whom he described as a “man of integrity”. John Adoboli, the father of 31-year-old trader Kweku Adoboli, urged the world…

GM, United Auto Workers agree on new contract

The United Auto Workers said it had reached a new labor agreement with General Motors Co., although details of the settlement were being withheld, pending a ratification meeting with local union leaders. The UAW’s old agreement expired Wednesday but the union was barred from striking under the terms of the…

States join suit against AT&T takeover of T-Mobile

WASHINGTON — Seven US states threw their support on Friday behind the Department of Justice lawsuit seeking to block AT&T’s $39 billion takover of T-Mobile. The Justice Department said the attorney generals of California, Illinois, Massachusetts, New York, Ohio, Pennsylvania and Washington had joined the suit filed in US District…

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