| Business News |
Ford posts $8.7 billion loss on truck slump
(Reuters)
 Reuters - Ford Motor Co posted a $8.7
billion quarterly loss on Thursday as it wrote down the value
of truck and SUV operations and cautioned that it did not
expect to see a U.S. economic turnaround until 2010.
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Dow Chemical second-quarter profit hurt by costs
(Reuters)
 Reuters - Dow Chemical Co posted
second-quarter earnings that fell short of market expectations
as its price increases did not completely offset a sharp spike
in energy and raw material costs.
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Nokia patent deal with Qualcomm boosts both stocks
(Reuters)
 Reuters - Nokia (NOK1V.HE), the world's top
cellphone maker, has ended three years of legal battles with
wireless chip developer Qualcomm and signed a patent
agreement that boosted both companies' shares.
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Wall Street extends drops after housing data
(Reuters)
 Reuters - Stock extended losses on Thursday
following a report that showed a steeper-than-expected drop in
existing-home sales in June, heightening concern about the
impact of the housing slump on economic growth.
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FCC has pact to approve Sirius-XM deal: source
(Reuters)
 Reuters - A majority of members of the Federal
Communications Commission have reached an agreement to
conditionally approve Sirius Satellite Radio Inc's
purchase of XM Satellite Radio Holdings Inc , a source
familiar with the agency review said on Thursday.
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New layoff filings jump as companies retrench
(AP)
 AP - The number of newly laid off people filing claims for unemployment benefits bolted past 400,000 last week as companies trimmed their work forces to cope with a slowing economy and fallout from a collapsed housing market.
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| Hong Kong immigration "watchlist" partially leaked onto web - 08, May 2008 |
HONG KONG (Reuters) - Hong Kong authorities came under fire on Thursday for the leak of classified data including individuals on an immigration watchlist, as the city's tougher immigration policies in the run up to the Olympics face increasing scrutiny.
A source with direct knowledge of the incident said confidential data of a few people on the watchlist had been "unwittingly leaked" by a new immigration department employee.
News of the leak came after the Hong Kong government on Tuesday made it clear that visitors seeking to "disrupt the smooth proceeding" of Olympic activities in the territory were not welcome. Hong Kong will host equestrian Olympics events on behalf of Beijing this August.
The source, who declined to be named, told Reuters an employee who worked at a checkpoint on Hong Kong's border with China had breached guidelines by taking classified data home.
While he did not intend to share the data with anyone, his home computer carried software which allowed outside users to access the files, the source added. The names on the watchlist were retrieved and circulated among Hong Kong netizens.
Hong Kong's immigration department said in a statement that it was still investigating the data breach.
The territory's Secretary for Security Ambrose Lee told reporters on Thursday that he was concerned about the leaked data.
"It's a serious breach," said democratic lawmaker James To, who is on the legislative council's security panel.
"They are the disciplined forces and they have to protect the security of Hong Kong and now it seems they can't even protect the security of information," To added.
(c) 2008 Reuters
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| Other news from Internet category: |
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MOSCOW (Reuters) - Carrying bags of stolen groceries, Oleg Vorotnikov takes out the batteries of his mobile phone before entering the secret headquarters of his underground art collective on the outskirts of Moscow.
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BEIJING (Reuters) - Chinese police have arrested a prominent Internet dissident for violating his probation terms, a rights group said, as the country steps up a pre-Olympic crackdown on dissent to ensure the Games go smoothly.
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NEW YORK (Reuters) - A British actress who earned YouTube stardom after posting monologues about her failed high society marriage was cruel to her husband and must vacate their apartment within a month, a New York judge ruled on Monday.
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MOSCOW (Reuters) - Rambler Media, the British-registered owner of Russia's Rambler Internet portal, said on Friday it has agreed to sell the Begun advertising agency to Google Inc for $140 million.
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NEW YORK/SAN FRANCISCO (Reuters) - Yahoo Inc and
Microsoft Corp traded new accusations on Monday over
the latest breakdown in deal talks, as the battle for control
of Yahoo heated up ahead of an August 1 showdown.
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LONDON (Reuters) - Prices charged by cybercriminals selling hacked bank and credit card details have fallen sharply as the volume of data on offer has soared, forcing them to look elsewhere to boost profit margins, a new report says.
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