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US regulator warns of Facebook pre-IPO scams

WASHINGTON — A US financial regulator warned investors on Tuesday to be wary of con artists peddling non-existent shares in social media companies such as Facebook ahead of their going public. The Financial Industry Regulatory Authority (FINRA) said the scams involved offering investors’ access to private shares in social media…

Survey shows upbeat outlook from US millionaires

WASHINGTON (AFP) – More than four in 10 American millionaires say they now need $7.5 million to feel wealthy, according to a survey that uncovered surprising levels of optimism about economic prospects. Conducted by Fidelity Investments, the world’s largest mutual fund firm, the poll analyzed the investing attitudes and behaviors…

Cocaine is found at NASA’s Kennedy Space Center

A packet of white powder that was found at NASA’s Kennedy Space Center, where the space shuttle launches, has tested positive for cocaine, according to NASA’s Inspector General’s office. The packet contained “4.2 grams of a white powdery substance” and was “found in a NASA facility at KSC on March…

Apple delays iPad 2 release in Japan

NEW YORK – Apple said Tuesday that it was delaying next week’s release of the iPad 2 in Japan because of the earthquake and tsunami which devastated the country. “We are delaying the launch of the iPad 2 in Japan while the country and our teams focus on the recovery…

Online anonymity icon dislikes Facebook model

AUSTIN, Texas – The founder of Internet anonymity haven 4chan thinks Facebook founder Mark Zuckerberg is mistaken when it comes to online identities. Remaining unknown online frees people to blaze ahead with creative endeavors they might otherwise shy away from for fear of being embarrassed, Christopher “moot” Poole said at…

Tea Party Nation claims to be under attack from ‘Anonymous’

The Tea Party Nation announced on its website Tuesday that its online forums had been attacked by the decentralized collective of hacktivists known as “Anonymous.” Judson Phillips, the founder of the Tea Party Nation, said the cyber attacks had been “mostly of the juvenile nature.” He claimed that members of…

AT&T to cap users’ Internet access, impose fees for too much information

Telecommunications giant AT&T said this week that it will join Comcast and other providers in a controversial business model that limits the amount of information subscribers can access, and imposes penalties for overages. The move will see AT&T broadband users forced into a tiered Internet that would limit accounts to…

Wall Street tumbles more than 2 percent

NEW YORK (Reuters) – Wall Street tumbled more than 2 percent on Tuesday and the Nasdaq turned negative for the year as Japan’s looming nuclear crisis looked set to thrust financial markets into a period of turmoil. U.S. shares seen as exposed to the disaster as well as economically sensitive…

Microsoft releasing new Internet Explorer 9 browser

AUSTIN, Texas — Microsoft announced that it will release the latest version of its Internet Explorer Web browsing software free online late on Monday (0400 GMT Tuesday). “Things are about to change,” Microsoft corporate vice president Dean Hachamovitch said at a press conference at the South By Southwest Interactive technology…

Twitter, a five-year-old changing the world

SAN FRANCISCO – At five years old, Twitter is just starting to change the world. Jack Dorsey fired off the first tweets on March 21, 2006, an automated “just setting up my twttr” message which he followed with the first “human” tweet — “inviting coworkers.” It was Dorsey who proposed…

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