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Starbucks To Start Selling Alcohol After 4 P.M.

SEATTLE (UPI) — Starbucks announced that it will sell bottled wine and beer at thousands of its locations in a program called Starbucks Evenings, but the booze will begin to flow only after 4 p.m. The cafe chain, which spruced up its food and beverage offerings for lunch and late afternoons, is looking at attracting […]

Fed: Stress Tests Show Banking System Stronger

WASHINGTON (UPI) — The 2014 stress tests show the largest U.S. banks would better withstand a severe economic slump now than they did in 2008, the Federal Reserve said Thursday. The Fed released the results of the tests, which involve determining how banks would fare in various scenarios. In the most severe, banks would lose […]

Twitter To Celebrate Its 8th Birthday By Letting Users See Their First Tweet

SAN FRANCISCO (UPI) — On the occasion of its eighth birthday, Twitter is allowing users to look at their first tweet to judge whether it was funny, intelligent or dull. The social network is making available a tool that will instantly pull up users’ first tweet. Users have the option of re-broadcasting their first tweet, […]

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 […]

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