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Facebook hires former Clinton spokesman

WASHINGTON (AFP) – Facebook announced on Tuesday that it had hired former US president Bill Clinton’s spokesman Joe Lockhart to serve as vice president of global communications at the social network. “Joe’s arrival brings new skills and greater depth to our incredibly busy team,” Elliot Schrage, Facebook’s vice president of…

Nissan may delay electric Leaf production in U.S.

DETROIT, Michigan (AFP) – Nissan may be forced to delay US production of its electric Leaf and is falling short of this year’s goals as a result of the devastating Japanese earthquake, a key executive said Monday. “After March 11, all the resources of the company were devoted to helping…

Facebook growth slows as it loses some U.S. users

PALO ALTO, Calif. – Facebook is approaching 700 million members but its growth is slowing and it lost users in the United States and Canada last month, the Inside Facebook website said Monday. Facebook had 687 million members at the start of June, said Inside Facebook, which closely tracks developments…

Wal-Mart loses $187.6 million appeal over worker breaks

NEW YORK/CHICAGO (Reuters) – Wal-Mart Stores Inc has lost its appeal of most of a $187.6 million verdict for Pennsylvania hourly workers who accused the world’s largest retailer of denying them meal and rest breaks. A three-judge panel of the Superior Court of Pennsylvania on Friday said there was sufficient evidence for Philadelphia jurors in…

Facebook lost U.S. users in May

WASHINGTON — Facebook is approaching 700 million members but its growth is slowing and it lost users in the United States and Canada last month, the Inside Facebook website said Monday. Facebook had 687 million members at the start of June, said Inside Facebook, which closely tracks developments and trends…

LulzSec hackers target Bethesda videogame studio

SAN FRANCISCO — US videogame studio Bethesda Softworks on Monday said its websites were hit with a cyberattack over the weekend and warned that hackers may have stolen some user data. “A hacker group attempted an unlawful intrusion of our websites to gain access to data,” the studio behind hot…

Greeks hatch scheme to profit off air pollution

ATHENS (AFP) – Greece could earn up to 170 million euros for its cash-strapped treasury from a trade of greenhouse-gas emission allowances on the Athens stock exchange, a report said Sunday. Eleftherotypia daily said a first-ever auction of one million emission allowances (EUAs) will be held on Wednesday, ironically as…

U.S. finally penalizes major banks for mortgage modification failures

The Obama administration’s mortgage modification program is more than two years old. From the beginning, it’s been apparent that the participating banks and mortgage servicers were breaking the program’s rules. The administration has long argued it has little power to do anything about it. But now, after millions of homeowners…

United States developing anti-censorship Internet systems

WASHINGTON — The US government is financing the development of “shadow” Internet systems to enable dissidents abroad to get around government censors, The New York Times reported on Sunday. The newspaper said the covert effort also includes attempts to create independent cellphone networks inside foreign countries. The operation involves a…

IMF hit by sophisticated cyberattack: report

WASHINGTON (AFP) – The International Monetary Fund (IMF) was the target of a sophisticated cyberattack earlier this year, the New York Times reported Saturday, quoting senior officials at the world lender. The global financial institution — which has been spearheading the response to the eurozone crisis in recent months —…

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