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Murdoch expands News Corp. reach over videogame news with UGO purchase

NEW YORK (AFP) – Rupert Murdoch’s News Corp. announced Thursday the acquisition of Hearst Corp.’s UGO Entertainment, expanding its reach over online videogame news. News Corp.’s videogame media unit IGN Entertainment will operate UGO properties such as UGO.com and 1UP.com, Hearst and News Corp. said in a statement. The agreement…

Fla. lawmakers require drug tests for welfare recipients

A bill that would require all Florida welfare recipients to pass a drug test is on its way to the governor’s mansion, where it is expected to be signed into law immediately. Fla. lawmakers passed the bill Thursday, buoyed by strong support from Republicans and Gov. Rick Scott, who’s called…

Oil prices drop at fastest rate in two years amid rapid sell-off

LONDON (AFP) – The plunge in oil prices accelerated on Friday, as dealers became nervous about the release of US jobs data later in the day, analysts said. Both main global contracts had posted gains in the morning as bargain hunters stepped in following Thursday’s sell-off that saw New York…

Sony tells Congress Anonymous might be responsible for massive PlayStation hack

Sony Computer Entertainment America (SCEA) does not know who stole data from nearly 75 million customer accounts on their PlayStation and Sony Online services, but they claim to have a hunch. In an open letter to members of the U.S. House Subcomittee on Commerce Manufacturing and Trade, the chairman of…

John Ashcroft to lead Blackwater on ethics: report

Former U.S. Attorney General John Ashcroft, a controversial and polarizing figure from the Bush-era, will lead the U.S. private security firm Xe Services, Inc. in determining its ethics policies going forward, according to report by Spencer Ackerman of Wired Magazine. XE Services is better known by its original name: Blackwater…

World’s millionaire ranks seen soaring through 2020

NEW YORK (Reuters) – The rich keep getting richer, both here in the United Statesand especially in the world’s emerging markets. Public and private investments controlled by the richest families are expected to more than double in value to $202 trillion by 2020, from $92 trillion this year, according to survey of…

EXCLUSIVE: DOJ plan to arrest state licensers, tax dispensaries could doom medical marijuana industry

A recent letter from the Department of Justice (DOJ), threatening state employees in charge of implmenting medical marijuana laws with prosecution, has forced some governors to re-evaluate and even veto popular legislation — all seemingly in violation of what the medical marijauana community thought was a cease-fire with the federal…

Verizon to put data collection warning stickers on new phones

Verizon Wireless announced it will begin putting stickers on its products to warn customers that the phone tracks its owner’s geographical location. “This device is capable of determining its (and your) physical, geographical location and can associate this location data with other customer information. To limit access to location information…

BP fined $25 million over Alaska oil spill

LOS ANGELES – BP has been fined $25 million and ordered to spend an estimated $60 million to improve pipeline safety in Alaska after a 2006 oil spill there, US authorities said Tuesday. The penalties, including the largest ever per-barrel fine for a US oil spill, were slapped on BP…

South Korea police probe Google over location data collection

SEOUL (Reuters) – Google Inc’s Seoul office was raided on Tuesday on suspicion its mobile advertising unit AdMob had illegally collected location data without consent, South Korean police said, the latest setback to the Internet search firm’s Korean operations. The probe into suspected collection of data on where a user is located without…

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