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Status update: Facebook’s Mark Zuckerberg gets married

admin — Sun, 20 May 2012 04:00:31 +0000

(Reuters) – Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan on Saturday, announcing the nuptials through a status update on the social networking site. The 28-year-old billionaire’s wedding took place a day after Facebook’s historic initial public offering on the Nasdaq stock exchange on Friday. More than 200,000 people “liked” Zuckerberg’s status change, which was accompanied by a photo of the smiling couple in wedding attire in a small, verdant outdoor setting with a string of lights behind them. …

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Government backtracks on fracking

admin — Sun, 20 May 2012 03:11:36 +0000

The Government has rejected shale gas technology as a solution to Britain’s energy crisis, conceding it will do little to cut bills or keep the lights on.

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Google says it has China’s approval for Motorola deal

admin — Sun, 20 May 2012 02:01:25 +0000

(Reuters) – Google said on Saturday that Chinese authorities have approved its $ 12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world’s No. 1 Internet search engine to develop its own line of smart phones. Google, which will be the newest entrant to the handset market, announced plans for the acquisition last year in a bid to secure Motorola’s valuable patents and pave the way for a pairing of Google’s Android mobile software and Motorola’s handset business. U.S. …

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Audi eyes management reshuffle: CEO in magazine

admin — Sat, 19 May 2012 23:59:39 +0000

FRANKFURT (Reuters) – Volkswagen’s Audi division is looking into a management reshuffle as it eyes an expansion in China, Latin America and the United States, the unit’s head told a German magazine. “Against the backdrop of Audi’s ‘Strategy 2020′ it would be negligent not to think about the team line-up,” Audi Chief Executive Rupert Stadler told WirtschaftsWoche in an excerpt of an article made available to Reuters on Saturday. There were “of course” discussions about organization and structure in this context but decisions have not yet been taken, he added. …
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Google says it won China’s approval for Motorola deal

admin — Sat, 19 May 2012 21:58:34 +0000

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Red light shone at Olympic flame plane

admin — Sat, 19 May 2012 21:12:06 +0000

Police are investigating a report that a red light was shone at the plane carrying the Olympic flame as it came in to land in Britain.

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U.S. says will bar some Motorola Mobility phones

admin — Sat, 19 May 2012 20:00:14 +0000

WASHINGTON (Reuters) – Some Motorola Mobility smartphones infringe on a Microsoft patent and will be barred from importation to the United States, a U.S. trade panel said on Friday. The order by the U.S. International Trade Commission has been sent to President Barack Obama, who has 60 days to consider whether to overturn it for policy reasons. The legal fight at the ITC is one of dozens globally between various smartphone makers. Google’s Android system has become the top-selling smartphone operating system, ahead of mobile systems by Apple, Microsoft, Research in Motion and others. …

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Galleon prosecutor aims to cement legacy in Gupta trial

admin — Sat, 19 May 2012 17:58:53 +0000

NEW YORK (Reuters) – It was during a quiet afternoon in the sixth week of the insider-trading trial of hedge fund billionaire Raj Rajaratnam that prosecutor Reed Brodsky sprang one of those rare surprises usually seen only in the movie version of a courtroom drama. Brodsky, a federal prosecutor since 2004, seemed to catch defense lawyers and witness Richard Schutte off guard with a blistering cross-examination in the 2011 trial. The former Rajaratnam right-hand man was forced to admit that the biggest investor in a new hedge fund he launched was none other than the Galleon founder. …

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CFTC opens probe into JPMorgan trading loss: source

admin — Sat, 19 May 2012 16:01:43 +0000

(Reuters) – The Commodity Futures Trading Commission (CFTC) has opened an investigation into possible wrongdoing at JPMorgan Chase & Co in connection with the bank’s multi-billion-dollar trading loss, a source familiar with the probe told Reuters. The agency will soon disclose the existence of the investigation, the source said on Friday. Earlier on Friday, the New York Times reported that the CFTC had opened an enforcement case, quoting people briefed on the matter. The CFTC would join the FBI and the U.S. …
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Weymouth missing fisherman search called off

admin — Sat, 19 May 2012 15:13:37 +0000

A search for two missing fishermen was called off today as rescue teams found their stricken vessel and its liferaft on the sea bed.

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