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Pfizer begins long-delayed payouts over Nigerian drug trial

US pharmaceutical giant Pfizer on Thursday began long-awaited compensation payments to families over a 1996 drug trial blamed for the deaths of 11 children and disabilities in dozens of others. But even as the compensation process began, the company faced further criticism since only four families were paid in the…

Britons use social networking sites to expose rioters

Britons took to social networking sites on Wednesday to expose the rioters who went on the rampage for four nights, posting photos of masked gangs looting and hurling missiles. Much of the violence, which started in London but has since spread to other parts of the country, was captured on…

Fresno County moves to shut down medical marijuana shops

Officials in Fresno County, California voted last night in favor of a controversial measure that bans all distribution of medical marijuana and forces production into warehouses along the county’s industrial areas. Growers and sellers are almost certain to challenge the ordinance in court, arguing that it violates the state law’s…

Apple to recycle all computers and displays, free of charge

In a little noticed update to its website, Apple, the world’s largest computer company, said this week that it would begin recycling old Macs, PCs and monitors sent to them through the mail — and they’re even picking up the shipping bill. Apple’s e-waste recycling program was first launched in…

Capital One Buys HSBC credit card for $33 billion

HONG KONG (Reuters) - HSBC is selling its U.S. credit card arm to Capital One Financial Corp in a $32.7 billion deal as Europe’s top bank streamlines its mammoth operations. It marks the second major deal in the United States for cards specialist Capital One, which said it was paying a $2.6…

Scientists predict eruption of undersea volcano

US scientists said Tuesday they have for the first time successfully predicted the eruption of one of the world’s most active undersea volcanoes off the coast of the western state of Oregon. Scientists from Oregon and New York have been monitoring Axial Seamount, 250 miles (400 kilometers) out to sea, since…

Goldman says QE3 likely after Fed statement

SINGAPORE (Reuters) – Goldman Sachs said on Wednesday a third round of quantitative easing from the Federal Reserve is likely after the U.S. Federal Reserve promised to keep rates at extraordinarily low levels for at least two more years. “We now see a greater-than-even chance that the FOMC will resume…

Apple copycat ‘hiPhone 5′ comes calling in China

SHANGHAI (Reuters) – The newest version of Apple Inc’s popular iPhone has already hit the Chinese market — the fake market that is. The ‘hiPhone 5‘ is selling for as little as 200 yuan ($31) on China’s top e-commerce platform Taobao, which is owned by Alibaba Group. But one has to pay around 800 yuan for a…

Facebook agrees to disable California inmate accounts

LOS ANGELES — Facebook has agreed to disable the profiles of prison inmates in California whose accounts have been updated while they are behind bars. “Access to social media allows inmates to circumvent our monitoring process and continue to engage in criminal activity,” California Department of Corrections and Rehabilitation secretary…

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