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NEW YORK (Reuters) - U.S. stocks rose on Friday as investors took the Federal Reserve's discount rate increase as evidence the financial system is healing but worried the eventual withdrawal of easy money will hurt Wall Street.
WASHINGTON (Reuters) - Securities regulators will consider new short sale restrictions at an open meeting next week, a person familiar with regulators' plans said on Friday.
NEW YORK/SAN JUAN, Puerto Rico (Reuters) - The Federal Reserve on Friday poured more cold water on speculation that a surprise hike to its emergency lending rate signaled a change in monetary policy, saying borrowing costs in the economy would remain low.
WASHINGTON (Reuters) - Consumer prices edged higher in January, while prices excluding food and energy fell for the first time in 27 years, supporting the Federal Reserve's contention it would keep its benchmark interest rate low for an "extended period."
TOKYO/WASHINGTON (Reuters) - Toyota Motor Corp's head bowed to pressure to testify before U.S. lawmakers and explain the company's safety crisis, becoming the highest profile Japanese executive to face such a grilling from Congress.
PHILADELPHIA (Reuters) - An office building that sits atop an upscale shopping mall in downtown Philadelphia is not the sort of place that would ordinarily strike fear into the hearts of bad guys on Wall Street.
NEW YORK (Reuters) - A record proportion of U.S. mortgages were in foreclosure or at least one payment past due in the fourth quarter, according to industry data showing the fragile state of the recovery in the housing market.
NEW YORK/SAN FRANCISCO (Reuters) - Schlumberger Ltd is in advanced talks to buy rival Smith International Inc, The Wall Street Journal said, in a move to expand the oilfield services leader's arsenal as the weakened sector starts to recover.
NEW YORK (Reuters) - Former Bank of America Chief Executive Kenneth Lewis said he was briefed twice on his company's decision not to disclose rising losses at Merrill Lynch & Co, before the bank's takeover of Merrill was put before shareholders.
NEW YORK (Reuters) - Department store operator J.C. Penney Co Inc reported a higher-than-expected quarterly profit and said same-store sales would improve during 2010, sending its shares up nearly 7 percent.
LOS ANGELES (Reuters) - An online survey of 895 Web users and experts found more than three-quarters believe the Internet will make people smarter in the next 10 years, according to results released on Friday.
WASHINGTON (Reuters) - Google Inc won approval from U.S. energy regulators to act as a power marketer, which will make it easier for the Internet search giant to obtain renewable energy to run its huge data centers.
BRUSSELS (Reuters) - Computer jargon, a "tick box" culture and unimaginative advertising are discouraging Internet users from learning how to protect themselves online.
SEATTLE (Reuters) - Microsoft Corp's assault on search engine leader Google Inc took a major step forward on Thursday as U.S. and European regulators cleared the software company's search partnership with Yahoo Inc.
SAN FRANCISCO (Reuters) - The U.S. International Trade Commission said on Friday it has agreed to investigate Apple Inc's patent infringement complaint against Nokia Oyj, as the legal battle between the two technology heavyweights continues to play out.
NEW YORK (Reuters) - Google Inc was lauded as a visionary intent on spreading the world's knowledge and reviled as a copyright infringer cavalier about protecting users' privacy in a hearing on Thursday to discuss its plan to digitize millions of books.
NEW YORK (Reuters) - Recent cyber attacks on Google and other American corporations have been traced to a top Chinese university as well as a school with ties to the Chinese military, the New York Times reported on Thursday, citing people involved in the investigation.
(Reuters) - A new type of computer virus is known to have breached almost 75,000 computers in 2,500 organizations around the world, including user accounts of popular social network websites, according Internet security firm NetWitness.
WASHINGTON (Reuters) - The Federal Communications Commission voted to expand a school program that is likely to help increase Americans' access to high-speed Internet, a major goal of the upcoming National Broadband Plan.
MOSCOW (Reuters) - U.S. film star and Twitter celebrity Ashton Kutcher encouraged Russians on Thursday to share ideas through social media websites during a visit by U.S. technology leaders to Moscow.
MOSCOW (Reuters) - Theater posters proclaiming "We await you, merry gnome" were taken down from a Russian town shortly before a visit by the country's diminutive President Dmitry Medvedev, a local website reported on Friday.
SYDNEY (Reuters) - A tin of cat food may be the solution to reducing the number of toxic cane toads in Australia, one of the country's major pests which environmentalists have tried for years to stop from killing off the native wildlife.
TAIPEI (Reuters) - Waitresses wield swords and flare flames at diners, who have to get past a moat before sitting at their table in the dimly lit dining hall.
CHICAGO (Reuters) - Help wanted: registered voter with a conscience for position on the Chicago City Council. Salary $110,556 a year. Ex-felons need not apply.
SOFIA (Reuters) - Bulgaria's ruling party has proposed watering down a new smoking ban in the country with the second highest percentage of smokers in the European Union.
WHISTLER (Reuters) - A photographer caused a delay during a crucial moment of the women's luge competition on Tuesday when he accidentally knelt on a switch that sent water spurting on to the track.
IVANCICE, Czech Republic (Reuters) - Czech medical staff are being disciplined after a foot-long surgical instrument was found in the abdomen of a woman who was operated on five months ago.
JOHANNESBURG (Reuters) - A deaf South African cleaner besieged by begging relatives after a newspaper reported he had scooped a 91 million rand ($12 million) lottery jackpot was not the winner, the draw's organizers said on Tuesday.
Forensic Analysis Clues Buried in Sounds and Images Specialists can elicit valuable evidence from audio, video, and images that might appear to be worthless or beyond repair. Story
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Background Checks for criminal and civil
Good afternoon Michael,
FRI 12 Feb 2010
Microsoft to announce new phone software: sources
Google staunchly defends pact to digitize books
Google, Apple pile pressure on phone world
Web video service Veoh to liquidate, founder says
Toy makers look to tech, green materials for 2010
Opening ceremony secrecy breached by iPhone sneak peeks
Justice Department appeals court ban on cell-phone tracking
U.S. sets grants for health technology, job training
Palm suspends production due to Chinese New Year: source
SEATTLE (Reuters) - Microsoft Corp is set to announce new mobile phone software on Monday, according to sources close to the company, as it looks to wrestle back market share from Apple Inc's iPhone and Research in Motion Ltd's BlackBerry.
WASHINGTON (Reuters) - Google Inc argued in a staunch and sometimes eloquent brief that an agreement reached with the Authors Guild to digitize millions of books was legal and a contribution to human knowledge.
HELSINKI/LONDON (Reuters) - At next week's mobile trade show in Barcelona you can find a program that measures how high you can throw a Nokia smartphone, an apt metaphor for Nokia's efforts to raise its game.
NEW YORK (Reuters) - Online video sharing service Veoh Networks Inc plans to file for bankruptcy protection and liquidate the business, according to the company's founder.
NEW YORK (Reuters) - From Mattel's "Puppy Tweets" linking pets to a Twitter feed to biodegradable nursery toys, toy makers are focusing on fun technology and green materials to win sales in 2010.
VANCOUVER (Reuters) - The traditional shroud of secrecy around Olympic opening ceremonies has some gaping holes in this age of digital downloads and social networking.
PHILADELPHIA (Reuters) - The government argued on Friday that it should be allowed access to people's cell-phone records to help track suspected criminals.
WASHINGTON (Reuters) - Members of President Barack Obama's Cabinet announced nearly $1 billion in grants on Friday to increase the use of health information technology, pushing a key component of Obama's healthcare overhaul and job creation plans.
SAN FRANCISCO (Reuters) - Palm Inc is suspending production of its smartphones for the Chinese New Year, as all of them are made in China, but it will resume operations by the end of the month, a source told Reuters on Thursday.
NEW YORK (Reuters) - Motorola Inc said it aims to split into two companies in the first quarter of 2011, one to focus on cellphones and television set-top boxes, and the other on enterprise networking.
Victor Roberson, of Bridgeport, Connecticut, was sentenced to more than seven years in federal prison for his participation in a Bridgeport-based narcotics-trafficking ring.
Avelino Gonzalez-Claudio, who was a fugitive for more than 22 years before being arrested in Puerto Rico on February 7, 2008, pled guilty to federal charges related to his involvement in a 1983 armored truck robbery of approximately $7 million in West Hartford, Connecticut.
Claude Lee, a citizen of Jamaica residing in Bridgeport, Connecticut, was sentenced to 37 months in prison for maintaining a marijuana-growing operation in his house.
David L. Robinson, of Lawrence, Kansas; Daniel W. Denham, of Kingsville, Missouri; and Larry P. Goodyke, of Henderson, Nevada, all of whom had connections to the sovereign citizens movement, were sentenced in Kansas City, Missouri for participating in a conspiracy to use fraudulent diplomatic credentials.
Travis Lenois Allen, Antiowan Devon Loftin, and Chester Darnell Higgins, all of Elkhart, Indiana, were each sentenced for their participation in the armed robbery of the Berrien Teacher's Credit Union in Niles, Michigan.
Wilkins McNair, a former Baltimore, Maryland accountant, pled guilty to wire fraud and witness tampering in connection with a scheme to defraud a client of $950,000, which he did while awaiting trial on other fraud charges.
Gregory Damon, of Baltimore, Maryland, was sentenced to 77 months in prison for bank robbery, which he committed while he was on probation with the state of Maryland.
Ashton R. O'Dwyer, Jr., of New Orleans, Louisiana, was indicted for allegedly e-mailing threatening communications to the United States Bankruptcy Court for the Eastern District of Louisiana.
Joseph T. Lander, the former County Attorney for Dixie County, Florida, was sentenced to 87 months in prison for mail, wire, and bank fraud, as well as money laundering arising from his actions as the Dixie County Attorney and as the CEO of GenSpec, LLC., a vitamin company he founded.
Peter Jerald Frommer, formerly of Malibu and currently believed to be residing in Carpenteria, California, the promoter of a bogus investment offering involving distressed business assets, was taken into custody on federal mail and wire fraud charges in connection with running a Ponzi scheme in which he raised at least $12 million from victims across the U.S.
Aerospace engingeer Dongfan Chung, of Orange, California, was sentenced to 188 months in federal prison on charges of economic espionage and acting as an agent of the People's Republic of China for more than three decades while employed by Rockwell and Boeing, from which he stole restricted technology and trade secrets, including information related to the Space Shuttle program and Delta IV rocket.
Rajiv Goel, a former executive at Intel Corp., pled guilty in Manhattan federal court to conspiring to commit insider trading with Raj Rajaratnam of the Galleon Group family of hedge funds, as well as to substantive securities fraud, in the largest hedge fund insider trading case in history.
Robert Egan, of Bedford Corners, New York, the president of Mt. Vernon Money Centers (MVMC), was arrested on charges of defrauding Webster Bank out of $12 million in funds that had been entrusted to MVMC.
Vincent P. Johnson, of Brick, New Jersey, was indicted on charges of threatening employees of five civil rights organizations that work to improve opportunities for Latinos in the United States.
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Stocks edge up but rate worries linger
