| 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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| Jimi Hendrix company says sex tape not genuine - 02, May 2008 |
LOS ANGELES (Reuters) - The company that controls rights to rock guitarist Jimi Hendrix's music and likeness said on Thursday a purported sex tape of the musician being sold on the Internet was not authentic.
"We strongly dispute the claimed authenticity of the tape," Experience Hendrix said in a statement.
"We view the release as nothing more than a callous attempt to trade on the image and reputation of a deceased artist who is unable to defend himself against such an outrageous and baseless assertion," the Seattle-based company added.
Earlier this week, Los Angeles-based adult video company Vivid Entertainment released a 45-minute DVD that includes 11 minutes of roughly 40-year-old film footage showing a man resembling Hendrix cavorting with two unidentified brunettes in a dimly lit bedroom.
Vivid said it consulted several experts to authenticate Hendrix's likeness on the tape, including women who knew the guitarist. It said it acquired the tape from an individual who purchased it from a collector who found it.
Steven Hirsch, co-chairman of Vivid, said in his own statement on Thursday that Experience Hendrix's comments were "not in any way a refutation of the authenticity" of the tape.
"We are very comfortable this is the real thing," Hirsch said.
Others have also called the tape's authenticity into question, including Charles Cross, author of Hendrix biography "Room Full of Mirrors." He told the New York Times that "it doesn't add up to Jimi" and said he had previously encountered the film himself when he was researching his book.
The sex tape DVD was available for sale online and Vivid said it would be in stores starting next Tuesday.
(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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BOSTON/SAN FRANCISCO (Reuters) - Fund manager Bill Miller, one of Yahoo Inc's top shareholders, dealt a blow on Friday to billionaire investor Carl Icahn's two-month campaign to replace the Internet firm's directors, throwing his support behind Yahoo's cu
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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 (Reuters) - Wal-Mart Stores Inc's online division is ending a line of trendy women's clothing that it had been selling since last August.
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NEW YORK (Reuters) - Three former top executives of Time Warner Inc's AOL are backing a new online video venture being launched on Thursday aimed at creating a new outlet for documentary feature films, a category that has struggled to gain mainstream atte
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LOS ANGELES (Reuters) - Nintendo Co Ltd said on Tuesday it plans to launch a music game for its hit Wii game console this year, taking it into the fast-growing software segment pioneered by "Guitar Hero."
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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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