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U.S. dollar bounds upwards on news of Osama bin Laden’s death

TOKYO (AFP) – The US dollar rose in Asian trade on Monday after news that Al-Qaeda leader Osama bin Laden had been killed nearly 10 years after the September 11 attacks, but analysts warned that sentiment would fade. The euro, which benefited from speculation there will be a series of…

Sony boosts security after apologizing for breach

TOKYO — Sony on Sunday apologised for a security breach that compromised millions of users, and said it could not rule out the possibility that credit card information was stolen. Sony executives bowed in apology and said the company would begin restoring its shut-down PlayStation Network and Qriocity online services…

Amazon cuts MP3 prices in attempt to close in on iTunes

Web retail giant Amazon.com has lowered its individual-song MP3 prices drastically, in an attempt to cut in on Apple iTunes’ 70 percent market share. Amazon has lowered the price on select top-selling tracks to just 69 cents. Apple charges almost twice as much for in-demand hits, which cost $1.29 each.…

Quake-hit Japan open for business: foreign minister

TOKYO (AFP) – Japan’s foreign minister says the country is open for business and travel as domestic firms are recovering at “surprising speed” from the aftermath of the March 11 earthquake and tsunami. “We promise all of you that Japan will reshape itself into a more dynamic country” through overcoming…

Anti-corporate activists claim Facebook is purging their accounts

Dozens of Facebook accounts with a political orientation have been removed or suspended in the last day, according to British activists. Many of the pages are associated with UK Uncut, which has been at the forefront of protests against both draconian cuts by the British government and tax avoidance by…

European antitrust regulators probe major banks

Europe launched antitrust probes Friday into giant US and European banks whose fine-slicing of the insurance market was blamed by debt-ridden eurozone states for pushing them into bailouts. The investigation focuses on Credit Default Swaps (CDS), derivative financial products traded between financial institutions or investors originally meant to protect investors…

Amazon apologizes for Reddit, Foursquare outage

WASHINGTON (AFP) – Amazon apologized Friday for an outage of its Web-hosting service that knocked a number of companies offline, including such popular websites as Foursquare, Quora and Reddit. The Seattle, Washington-based Amazon also acknowledged that some customers had lost data as a result of the technical problems that began…

China details plans for own orbital space station

BEIJING (AFP) – China will attempt its first space docking between two unmanned vehicles this year, the first step in efforts to build a Chinese space station, a senior official said Friday. Yang Liwei detailed the next stages of China’s human spaceflight programme during a press visit to Space City…

Microsoft posts $5.23 billion net profit

SAN FRANCISCO — US software giant Microsoft beat the expectations of Wall Street analysts on Thursday despite the weak market for personal computers. The Redmond, Washington-based Microsoft said net profit rose 31 percent to $5.23 billion in the third quarter of its fiscal year while revenue increased 13 percent to…

Rising divorce rates a sign of economic recovery

WASHINGTON — A telltale sign of US economic recovery: the divorce rate is on the rise, after falling sharply in 2008 and 2009. “People were afraid they were going to lose their jobs so they were very cautious about getting a divorce because you have to split your assets,” said…

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