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Russia launches navigation system satellite

MOSCOW (Reuters) – Russia launched on Saturday one of the final satellites needed to complete a space-based navigation system, which Moscow hopes will challenge the dominant U.S. Global Positioning System (GPS). The satellite, Glonass-K, which was launched shortly after 6:00 a.m. local time, reached orbit, said Aleksei Zolotukhin, spokesman for…

With $38 billion cash, Warren Buffett looking for deals

NEW YORK (Reuters) – Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday. Buffett gave an aggressive earnings forecast for Berkshire’s collection of businesses, said the company would…

Humanoids run world’s first robot marathon race

OSAKA, Japan (AFP) – Robovie-PC, a toy-sized humanoid, won the world’s first full-length marathon for two-legged robots by a whisker Saturday, beating its closest rival by a single second after more than two days of racing. Five bipedal machines began the non-stop 42.2-kilometre (26.2-mile) contest on a 100-metre indoor track…

Mobile etiquette seen getting worse, not better

NEW YORK (Reuters) – Whether is it texting during dinner, talking on a cellphone in a public restroom or using a laptop while driving, most people think mobile etiquette is getting worse, not better. Ninety one percent of U.S. adults questioned in a new poll by computer innovation company Intel…

Google tweaks search to push out ‘content farms’

Google announced Thursday that it has made a major change to its algorithm to push down the rankings of low-quality websites and “reward” high-quality content. While not explicit, this change is Google’s long-anticipated response to the rising prevalence of content farms such as eHow and Demand Media. Google tweaks its…

US warns banks on Libya transfers

WASHINGTON — The Treasury Department has warned US banks to be vigilant of transfers linked to Libya’s political leaders, as the international community moves to slap sanctions on top government officials. The Treasury’s Financial Crimes Enforcement Network told banks to be aware of “the potential increased movement of assets that…

US growth slows to 2.8% in fourth quarter

WASHINGTON (AFP) – US economic growth slowed to 2.8 percent in the last quarter of 2010, the Commerce Department said Friday, a pace that was slower than initially estimated. Growth for the last three months of the year was revised down from a previously announced 3.2 percent rate.…

‘Big Oil’ lobby to begin donating to political candidates

The American Petroleum Institute (API), which represents more than 450 oil and natural gas companies, has announced it will start donating to political candidates this year as President Obama aims to cut subsidies to energy companies and expand environmental laws. “This is adding one more tool to our toolkit,” Martin…

Boeing wins massive Air Force tanker contract

WASHINGTON – The United States on Thursday awarded Boeing a massive contract to supply aerial refueling tankers to the Air Force, defeating European rival EADS. The Pentagon announcement capped a nearly 10-year attempt by the Air Force to begin to replace an aging Boeing-built fleet of tankers dating back to…

No Twitter revolt for Central Asia’s closed regimes

MOSCOW – High fees, spying, and outright blockage — Central Asia’s regimes are not short of ways to control Internet blogs and social networks which have mobilised the recent protests in the Middle East. Strategies vary across the former Soviet republics of the region, whose regimes are largely authoritarian and…

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