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Logitech Gives Up On Google TV

FREMONT, Calif., Nov. 11 (UPI) — Logitech, one of the first backers of Google TV, says it is walking away from the venture after losing millions of dollars on its Revue set-top box. With the first version of Google TV taking heat for its complicated interface, buggy and slow performance and lack of Web-based content, […]

MF Global Lays Off 1,066

NEW YORK, Nov. 11 (UPI) — Bankrupt financial giant MF Global laid off 1,066 brokerage unit employees Friday, a board of directors statement said. The firm, which had 2,900 workers at the end of September, said the layoffs were effective immediately. It was keeping as many as 200 workers to wind down the unit, but […]

Electric Volt Car Catches Fire After Test

WASHINGTON, Nov. 11 (UPI) — A Chevrolet Volt that had its lithium-ion battery damaged in a U.S. government crash test caught fire after sitting in storage for three weeks, officials said. The National Highway Traffic Safety Administration said Friday it had investigated a fire that occurred this spring after the Volt extended-range electric vehicle underwent […]

SEC Disciplines Employees In Madoff Case

WASHINGTON, Nov. 11 (UPI) — The Securities and Exchange Commission has disciplined seven agency employees over their handling of the Madoff investment fraud, sources said. However, none of the seven employees of the SEC, which failed to stop Bernard Madoff’s long-running investment fraud despite repeated warnings, has been fired, The Washington Post reported Friday. An […]

Employers Show Openness To Veterans

NEW YORK, Nov. 10 (UPI) — A nationwide survey found that U.S. veterans would find a receptive response to their job search when military service ends. In a poll of 2,800 managers hiring for public and private positions, Harris Interactive said one-in-five employers indicated they are specifically looking for U.S. veterans to fill jobs. In […]

Jobless Claims Down For Fifth Week

WASHINGTON, Nov. 10 (UPI) — First-time jobless benefit claims declined by 10,000 in the week ending Saturday with 390,000 claims filed, the U.S. Labor Department said Thursday. It was the fifth consecutive week initial claims have dropped. Initial claims have fallen by 27,000 in the past month. The four-week rolling average for claims filed as […]

Greece Names Papademos PM; Italy Is Iffy

ATHENS, Greece, Nov. 10 (UPI) — Negotiators, after days of haggling, named economist Lucas Papademos as Greece’s new prime minister to lead a unity government Thursday. The government pledged to quickly approve stringent terms of a European financial aid package and save the country from going into bankruptcy under crushing debt, The New York Times […]

Jefferson County Faces Costly Climb From Woes

BIRMINGHAM, Ala., Nov. 10 (UPI) — The unprecedented municipal bankruptcy filing by Jefferson County, Ala., will lead to higher borrowing costs, one of the county’s legal advisers said. University of California Los Angeles law Professor Kenneth Klee, who is part of Jefferson County’s legal team, said the county, which is seeking relief from more than […]

Bill Gates Checks Up On Teachers

TAMPA, Fla., Nov. 10 (UPI) — Bill and Melinda Gates visited Tampa, Fla., to check on their $100 million investment in Hillsborough County teacher training reform. The couple sat in on classes, talked with teachers and ate lunch in the cafeteria at Tampa’s Jefferson High School Wednesday to evaluate the progress of reform at the […]

China Inflation Eases In October

BEIJING, Nov. 9 (UPI) — China, battling inflation for months, got some relief Wednesday, with the October rate up 5.5 percent year-on-year, but down from 6.1 percent in September. The October growth in the consumer price index, China’s main gauge of inflation, was the slowest since May of this year, the National Bureau of Statistics […]

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