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Thai customs seize 451 turtles in suitcases

BANGKOK (Reuters) – Thai customs has found 451 turtles worth 1 million baht ($33,000) stashed in suitcases offloaded from a passenger flight from Bangladesh, the latest seizure of live creatures at Bangkok’s bustling Suvarnabhumi airport. Turtles of varying sizes worth around 2,000 baht apiece in Thai markets, and seven false…

Fear the ‘twin Bells’: Petitions seek to halt AT&T takeover of T-Mobile

Mobile phone carrier Sprint and an Internet advocacy group filed petitions this week with federal regulators seeking to halt AT&T’s $39 billion acquisition of competitor T-Mobile. “The merger would remove one competitor from the already consolidated mobile market, leaving Verizon and Sprint as the only other major competitors,” the Electronic…

EU, Japan agree to work towards mega free trade deal

BRUSSELS (AFP) – Leaders of the European Union and Japan on Saturday agreed to start talks towards a multi-billion-euro free trade deal linking the world’s third biggest economy to the globe’s largest market. Long demanded by Tokyo, the decision to launch preliminary talks on a trade deal, as well as…

IBM tops Microsoft in market value, then slides back

NEW YORK — IBM briefly topped Microsoft in market value on Wall Street on Friday to become the second-largest technology company after Apple. But IBM shares lost 0.25 percent to close at $170.16, giving the New York-based company known as “Big Blue” a market capitalization of $206.1 billion. Microsoft shares…

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…

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…

Federal Reserve plans to end stimulus, but leaves door open for more giveaways

WASHINGTON (AFP) – The Federal Reserve on Wednesday signaled it is ready to scale back support for the US economy, despite what it called a “moderate” recovery. Hinting at a second attempt to edge back from crisis-era policies, the Fed said it would complete hundreds of billions of dollars of…

Google and Bing gain as Yahoo slips in search

SAN FRANCISCO — Google and Bing gained ground in the US Internet search market in March at the expense of Ask, AOL, and Yahoo!, according to figures released Wednesday by industry tracker comScore. Google continued to be the prime tool used to seek online information, handling 65.7 percent of “explicit”…

US regulators unveil plan to curb market volatility

NEW YORK — The US Securities and Exchange Commission has unveiled a plan that protects markets from the kind of big price swings in stocks that triggered last year’s “flash crash.” The new “limit up-limit down” safeguards, which the SEC unveiled Tuesday, would require trades in listed stocks to be…

Medical marijuana now a $1.7 billion market: report

The first ever investor-grade analysis report of the medical marijuana market in the United States found that it will soon rival the market for Viagra. The report, released Wednesday by the independent financial analysis firm See Change Strategy LLC, found that medical marijuana now has a $1.7 billion market and…

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