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Megaupload Shutdown: Why Internet Piracy Will Prevail

Internet piracy can not be stopped. Megaupload had about 150 million registered users when it was shut down. A recent study from the British market intelligence firm Envisional showed that sites like Megaupload, called cyberlockers, made up for 5.1 percent of global bandwidth consumption while BitTorrents made up for 11.4 percent of global bandwidth consumption. The study concludes that piracy prevails because it is easier and more reliable than legitimate alternatives.

Apple Assigns Dummy Projects to Engineers it Doesn't Trust, Book Says

Apple
Wondering how Apple has always managed to keep details about yet-to-be-released products a top secret? Here's how - according to Adam Lashinsky's new book Inside Apple, Apple makes its new hires work on fake projects for several months until the company is certain the new engineer won't leak out its product information.
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UBS trader Kweku Adoboli arrives at City of London magistrates' court in the City of London

Ex UBS Trader Adoboli Denies Fraud, Faces Trial

The trial, which is likely to shine a searching light on the adequacy of the bank's management and risk controls, could land Adoboli with a maximum 10-year jail sentence if convicted of the two counts of fraud and two of false accounting.
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Build Your Own Apple: How to Run A Company Like Steve Jobs

Apple co-founder and chairman Steve Jobs inspired his company to create some of the world's greatest inventions, from computers to smartphones to tablets. But you don't need to work in the tech industry, or wear a black turtleneck and jeans, to run your company like Apple.
HondaJet

Honda Set to Take Off with 'Civic of the Sky'

Imagined by Honda officials for almost 30 years, the Japanese auto maker is expecting to make its first HondaJet delivery next year, and intends to carve out a 25 percent market share of the world's business jets.
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Big Pharma Donates Drugs for Neglected Diseases

The world's major pharmaceutical companies joined forces with governments and leading global health organizations Monday to donate drugs and scientific know-how to help control or wipe out 10 neglected tropical diseases by 2020.
Spanair

Spanair Ceases Operations, Cites Economic Crisis

Loss-making Spanish airline Spanair ceased operations on Friday night, grounding all its airplanes after its owner, citing the country's economic crisis, said it would not sink any more money into the company.
Canon digital cameras are displayed at the company's showroom in Tokyo

Canon Earnings Outlook Falters, President Steps Down

Canon's 76-year-old chairman and CEO will take on the additional role of president after the $60 billion Japanese camera and printer maker forecast weak earnings growth and said its current president was stepping down.
Convicted Criminals Use Facebook to Taunt Victims' Families

Facebook to File for $10-Bln IPO: Is $100-Bln Valuation for the Company Appropriate?

Facebook Inc., the world's largest social networking site, is getting closer to its initial public offering this week as the company is reportedly planning to file papers with the U.S. financial watchdog on Wednesday. Speculation is rife that the social media giant is aiming to raise about $10 billion, which would value the company at between $75 billion and $100 billion.
Citigroup Chairman Parsons waits for an address by President Obama in New York

Citigroup Chairman Parsons May Quit: Report

Citigroup's chairman, Richard Parsons, is considering giving up the position to focus on other interests, the Wall Street Journal reported on Sunday, citing people familiar with the situation.
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Water Leak at Fukushima Suspends Cooling Operation

Japan's stricken Fukushima nuclear power plant has leaked more than 600 liters of water, forcing it to briefly suspend cooling operations at a spent-fuel pond over the weekend, but none is thought to have escaped into the ocean.
The logo of Swiss bank UBS can be seen outside its New York office

Regulators Weigh Action on Huge UBS Trading Loss: Report

Regulators in Britain and Switzerland may take steps against bank UBS for shortfalls in oversight that allowed an alleged rogue trader to run up a huge loss, the Wall Street Journal reported on Sunday, citing sources familiar with the matter.
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ABB Reported Near $4B Deal for Thomas & Betts

Swiss engineering company ABB (ABBN.VX) was near an agreement Sunday to acquire U.S. manufacturer Thomas & Betts Corp (TNB.N) for about $ 4 billion, the Wall Street Journal reported, citing people familiar with the matter.
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U.S. Government Invalidates Potent Rambus Patent

The last of three patents that tech licensing company Rambus (RMBS.O) used to win infringement lawsuits against Nvidia Corp (NVDA.O), Hewlett-Packard (HPQ.N) and others has been declared invalid, according to legal documents.

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