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Factories falter as orders fade away

LONDON/SINGAPORE (Reuters) – Factory activity stalled last month as new orders tumbled, heightening fears that the global economy is heading for another downturn, a series of surveys showed on Thursday. The Purchasing Managers’ Indexes showed manufacturing activity contracted in the euro zone for the first time in almost two years…

Sony to release tablet computer this month

Sony’s first tablet computer will hit the Japanese market on September 17 as the company looks to take on Apple’s popular iPad, the electronics giant said Thursday. The Sony Tablet will be powered by Google’s Android software, allowing users to download content such as books, movies and games. The Sony…

Another Apple employee loses iPhone 5 prototype

SAN FRANCISCO — Technology news website CNET on Wednesday reported that a new version of Apple’s coveted iPhone went astray in a bar in a replay of an embarrassing loss that took place last year. An Apple employee lost a yet-to-be released iPhone model in a tequila bar in the…

Analysts: Antitrust suit a huge blow for AT&T

The decision by US authorities to challenge AT&T’s $39 billion takeover of T-Mobile is a bitter blow for the US telecoms giant, but it could benefit consumers, analysts said. As it filed a lawsuit to block the takeover on Wednesday, the US Department of Justice said the takeover bid —…

DOJ files antitrust suit to block AT&T’s T-Mobile purchase

The U.S. Justice Department announced Wednesday it would seek to block AT&T’s $39 billion takeover of T-Mobile, saying it would be anti-competitive. The DOJ asked the court for a declaration that the takeover would violate U.S. antitrust law because it would “substantially lessen competition” in the U.S. wireless market. “The…

U.S. files to block AT&T buy of T-Mobile

WASHINGTON (Reuters) – The Obama administration on Wednesday filed to block AT&T’s proposed acquisition of wireless rival T-Mobile USA because of anti-competitive concerns, two sources familiar with the matter said. Blocking the combination on antitrust grounds would be a big blow to the telecommunication giant’s expansion plans. A Justice Department…

Rupert and James Murdoch called to testify again, this time under oath

Shortly after their first round of testimony before British Parliament in July, News Corp. CEO Rupert Murdoch and son James were already issuing revisions to what they’d told lawmakers about the company’s hacking scandals. After two former News Corp. employees pointed to inaccuracies in their testimony, James Murdoch admitted he…

25 U.S. firms paid more to CEOs than tax collectors: study

Twenty-five major US firms paid more to their chief executives than to federal tax collectors in 2010, with most of the companies receiving tax refunds, a liberal-leaning think tank said Wednesday. The study by the Institute for Policy Studies comes ahead of another expected round of fierce partisan bickering over…

WikiLeaks says hit with cyberattack

Controversial anti-secrecy website WikiLeaks said Tuesday it was fending off a cyberattack after being lambasted for releasing more supposedly confidential US diplomatic cables. “WikiLeaks.org is presently under cyberattack,” the organization said in a terse message on microblogging service Twitter. The message provided a link to a cablegatesearch.net website where digital…

U.S. fears individuals at risk after WikiLeaks dump

The United States voiced renewed concern over the risks to individuals after the anti-secrecy site WikiLeaks made public more US diplomatic cables, many of which contained the names of sensitive sources. State Department spokeswoman Victoria Nuland would not confirm the authenticity of the latest documents, but said “the United States…

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