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Ex-Microsoft Employee Arrested For Leaking Windows 8 Code

SEATTLE (UPI) — A former Microsoft employee has been arrested and charged with allegedly leaking Windows 8 code to a tech blogger, officials in Seattle said. Software architect Alex Kibkalo was arrested Wednesday and charged with theft of trade secrets, the Seattle Post-Intelligencer reported Thursday. Investigators said Kibkalo, a Russian national who worked in Seattle […]

Initial Jobless Claims Rise Slightly To 320,000

WASHINGTON (UPI) — The number of Americans filing jobless claims held steady last week and rose slightly to 320,000, as the effects of the severe weather seem to be easing. The number of people filing for first-time claims rose by 5000 from the previous week’s figure of 315,000. The median forecast according to 41 economists […]

Fed Cuts Back Bond-Buying Program, Revises Guidance On Lending Rates

WASHINGTON (UPI) — The Federal reserve has discarded the jobless rate threshold for considering when to raise borrowing costs and will also scale back its bond-buying program. During the second day of the Federal Open Market Committee, the dollar continued to post gains after the Fed announced that it would scale back its bond purchases […]

Facebook’s Deep Face Facial Recognition Technology To Have Near-Human Accuracy

PALO ALTO, Calif. (UPI) — Facebook is developing facial recognition technology that will recognize faces with 97.25 percent accuracy as compared to 92.75 percent for humans. Deep Face, which is being developed by the social network giants’ API department, promises near-human accuracy and could mean users won’t have to tag their friends in pictures. The […]

Apple Introduces Cheaper IPhone 5C, Will Stop Selling IPad 2

CUPERTINO, Calif. (UPI) — Apple tweaked its product line Tuesday, with the introduction of an 8 GB iPhone 5C and a revamp of its fourth generation iPad, in order to compete with the growth of Android-based devices. As of Tuesday, the new 8 GB version was available only in certain non-U.S. markets, but Apple is […]

YouTube And Viacom End 7-year Copyright Court Battle

MOUNTAIN VIEW, Calif. (UPI) — YouTube and Viacom have reached a settlement over a seven-year battle; Viacom alleged that YouTube facilitated the posting of copyrighted material on its site. The terms of the out-of-court settlement have not been disclosed but it brings to an end a legal battle that started in 2007. Viacom sued YouTube […]

GM Names Jeff Boyer As Global Safety Chief

DETROIT (UPI) — As GM faces intense scrutiny over safety issues plaguing its vehicles, the company Tuesday named Jeff Boyer to the newly created position of vice president of global vehicle safety. General Motors chief executive Mary Barra made the appointment following the recall of 1.6 million vehicles last month due to a faulty ignition […]

Consumer Prices Rise Only Slightly Despite Higher Food Prices

WASHINGTON (UPI) — Consumer prices held steady, only a 0.1 percent rise, despite higher food prices and increasing housing costs, with inflation remaining in check. The Labor Department reported Tuesday that the consumer price index rose by a seasonally adjusted 0.1 percent in February and the index increased 1.1 percent for the previous 12 months. […]

Wal-Mart Announces Video Game Trade-In Program

BENTONVILLE, Ark. (UPI) — Wal-Mart, based in Arkansas, announced a new video game trade-in program to give customers store credit for their working games. The chain said the program, which begins March 26, will allow customers to bring in their video games with their original packaging in exchange for credit toward purchases at Wal-Mart and […]

FDIC Files Lawsuit On Behalf Of Banks Allegedly Hurt By Libor Scandal

NEW YORK (UPI) — The Federal Deposit Insurance Corp. alleges that 16 U.S. banks made money for themselves, and ruined other banks, by manipulating international interest rates. A lawsuit filed Friday in Federal court in New York names banks that sat on the board involved in setting the London Interbank Offered Rate — or Libor. […]


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