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Japan radiation dump drives TEPCO shares down

TOKYO (AFP) – Shares in the operator of Japan’s crippled nuclear plant plunged Tuesday after Tokyo Electric Power Co. started pumping radioactive water into the sea as part of emergency operations. The embattled utility’s share price fell to 376 yen at one stage — below TEPCO’s all-time closing low of…

Oregon Supreme Court urged to block warrantless cell phone searches

A digital rights organization told the Oregon Supreme Court that allowing law enforcement officials to search arrestees’ cell phones violates privacy protections guaranteed by the Constitution. In the case Oregon v. Nix, police officers searched through the data on a criminal suspect’s cell phone after he had been arrested and…

With no degree and little expertise, Wisconsin Governor’s appointee pulls in big bucks

It’s good to be born to people who know people. That’s largely the perception many Wisconinites are taking away from this weekend’s revelation that the son of a major political donor to Republican Governor Scott Walker landed a very well-heeled post in the state’s Department of Commerce with apparent ease.…

Transocean gives bonuses for ‘best year in safety’ … that left 11 dead

It’s still too soon to say exactly who was to blame for the Deepwater Horizon disaster in the Gulf last year, but already rig owner Transocean is congratulating itself for its safety record, and dishing out the bonuses. In federal filings revealed over the weekend by The Wall Street Journal,…

U.S. crude oil hits 2.5-year high

LONDON (Reuters) – Brent crude rose toward $120 a barrel and U.S. crude hit a 2-1/2-year high above $108 on Monday. Unrest in the Middle East and North Africa kept the focus on oil supplies as economic growth bolstered demand. Iran’s oil minister said there was no need for the Organization…

Customer info from CitiBank, Capital One, others exposed as data breach grows

NEW YORK (Reuters) – The names and e-mails of customers of Citigroup Inc and other large U.S. companies, as well as College Board students, were exposed in a massive and growing data breach after a computer hacker penetrated online marketer Epsilon. In what could be one of the biggest such breaches in U.S. history, a…

Blockbuster auction to decide video chain’s owner

NEW YORK (Reuters) – Multiple bidders are expected to vie for bankrupt movie rental chain Blockbuster Inc at an auction on Monday that will decide the company’s next owner and amount of money available to pay off claims. Once the world’s largest video chain, Blockbuster had a market cap of more than $5…

Debris from downed 2009 Air France jet found

When Air France flight 447 disappeared en route from Rio de Janeiro to Paris on June 1, 2009, all 228 people on board were killed, and the debris was strewn over the Atlantic Ocean. Now, in the robot-assisted fourth round of searches for any remnants of the crash, French investigators…

BP asks to resume drilling in Gulf Coast

Less than a year after the Deepwater Horizon disaster that pumped oil into the waters off the Gulf Coast, BP is applying for permission to resume drilling in the area, reports the New York Times. Citing two unnamed sources — “company officials with direct knowledge of the application” — the…

Southwest cancels hundreds of flights, finds ‘widespread cracking’ on 737

ST. PETERSBURG, Fla (Reuters) – National safety inspectors have found evidence of “widespread cracking” and fatigue on the fuselage of a Southwest Airlines Boeing 737 that made an emergency landing in Arizona with a hole in the cabin, a government official said on Sunday. “Was the aircraft well maintained and…

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