BUSINESS

Apple Vs. Big Brother: New Clone-Making Patent Aims To Sabotage Data Profilers

Apple wants to protect us from Big Brother, and it has invented a useful clone making technology to do so. The patent, which is designed to throw government agencies and businesses off the scent of individual, private citizens, describes a unique method to help users keep their personal information hidden in cyberspace by creating false clones of personal information, which are stored and executed via your iCloud ID.

Moody's Cuts Spanish Banks On Sovereign Downgrade

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Moody's Investors Service on Monday downgraded the long-term debt and deposit ratings for 28 Spanish banks and two issuer ratings, following on the heels of a cut to Spain's sovereign rating to just above junk status earlier this month.

Curt Schilling's Downfall; Investors Call His 38 Studios A Ponzi Scheme

Curt Schilling
Curt Schilling plummeted from riches to rags when his video-game outfit, 38 Studios, filed for Chapter 7 bankruptcy on June 7. The company's failure to raise funds from external investors crushed its cash flow, costing about 400 jobs and $75 million from taxpayers thanks to a loan guarantee from Rhode Island last year.
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A screen shot of a web browser displaying the WikiLeaks website with a picture of its founder Julian Assange in Bern

US Leftists Back Ecuador Asylum For Assange

More than 4,000 Americans signed a petition in support of Wikileaks founder?s Julian Assange application for asylum in Ecuador because he could be ?held incommunicado? if extradited to Sweden or possibly taken to the U.S.
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The 10 Best Promos Out Of 2012's Cannes Lions

The 59th International Festival of Creativity, known as the Cannes Lions, wrapped up this past weekend. This year, top winners included a blank annual report and an invisible hydrogen powered Mercedes Benz.
George Soros

Europe Has Three Days, Not Three Months, to Avoid 'Fiasco': Soros

Multibillionaire financier George Soros, who is quickly becoming an éminence grise on the topic of the euro zone financial crisis, said in a televised interview Monday that the leaders of Europe had three days to resolve their disagreements on the appropriate way to move forward in anticipation of a summit Thursday.
Apple Yanks Mac Immunity Claims From Website: Removing 'Reality Distortion' A Good PR Move?

Apple Yanks Mac Virus Immunity Claims From Website: Removing 'Reality Distortion' A Good PR Move?

Apple quietly lifted part of Steve Jobs' famous reality distortion field on Sunday, switching out a statement that claimed its Mac computers were completely immune to viruses with a less-forward statement: It's built to be safe. Apple can no longer say its Macs are perfect, but the company is making great strides to improve the honesty of its PR while making users and developers feel safe all the same.
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Submerging Markets

The weekend brought a sobering warning from the Bank for International Settlements, which suggested that the emerging markets are facing their own version of the boom and bust cycle that brought the developed world to its knees three years ago.
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Greece on the Defensive

In a match rich with economic irony and rhetorical potential, the German national team defeated the Hellenic side 4-2 in the European football championships on Friday.
New home sales at 4-month high, supply drops

New Home Sales Jump 7.6% In May, Highest Level In 2 Years

New single-family home sales grew by 7.6 percent from April to a seasonally adjusted annual rate of 369,000 in May, the Commerce Department said Monday. The increase was much stronger than the 346,000 analysts polled by Reuters had forecast and was the highest since April 2010.
Buildings seen in China

China's 2012 Growth Target At Risk, Property Curbs Hurt

China's annual growth target for 2012 looks increasingly in jeopardy as demand at home falters and Europe's debt crisis worsens, complicating matters for Beijing as the country heads into a once-in-a-decade leadership transition.
Facebook

Staff 'Arrogance' Behind Botched Facebook IPO, Says Nasdaq Boss

Chief Executive Robert Greifeld told a conference of directors at Stanford University's Law School that the exchange had tested its computer systems before the May 18 IPO, but failed to take into account the volume of canceled orders in the run-up to the stock debut, The Wall Street Journal reported.
Asian Shares

Asian Stock Markets Fall On Growth Fears

Asian stock markets mostly declined Monday as fears of a further global slowdown and economic headwinds from the euro zone continued to weigh on the sentiment.

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