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Sony Ericsson posts heavy Q1 loss, slashes jobs

Mobile phone maker Sony Ericsson said on Friday it plans to cut one in five jobs this year in its battle to return to profit as a sluggish market brought a hefty first-quarter loss, as expected.

Sony Ericsson says Android phone to take time

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Sony Ericsson will take some time developing a phone using Google's Android operating system, its chief executive said on Friday, but declined to say when such a handset would be available.
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Pirate Bay's fileshare four get year's jail

Four men behind The Pirate Bay, one of the world's biggest free file-sharing websites, were each sentenced to a year in jail on Friday for breaching copyright, and ordered to pay $3.6 million in compensation.
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Internet could become environmental watchdog

The Internet could provide an early warning system for environmental damage, imitating an online watchdog that gives alerts about outbreaks of disease, scientists said on Thursday.
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Nokia launches 3 music phones

Nokia unveiled three new music phones on Wednesday and laid out further expansion plans for its music service as the world's top cell phone maker seeks additional revenue streams.
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Global stocks rally on Citi memo

The U.S. dollar slipped and world stocks rallied in their biggest single-day gain in three months on Tuesday after a Citigroup memo saying the troubled bank made a profit in January and February fuelled the appetite for risk.
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World's Coolest Buildings

Being cutting-edge doesn’t always mean scraping the sky. These 10 amazing buildings reflect the current cool in architecture...
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Mobile phone growth helps poorer states: U.N.

Two thirds of the world's cell phone subscriptions are in developing nations, with the highest growth rate in Africa where a quarter of the population now has a mobile, a United Nations agency said on Friday.
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Uncle Sam Bank not open for bank business, yet

Just as Wall Street was coming to grips with the notion that bank nationalization might be inevitable, U.S. officials have come out strongly against an idea that strikes at the heart of America's capitalist model.
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Ford in UAW deal, Europe plays hardball with GM

Ford Motor Co reached a tentative deal with the United Auto Workers that would slash cash payments for its retiree health care, while European governments ruled out rescue plans for General Motors Corp's struggling Opel and Saab units. The U.S. Treasury also named Steven Rattner, co-founder of private equity firm Quadrangle Group, as an adviser on the restructuring of th...
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Germany and Sweden play hardball with GM units

Germany and Sweden ruled out underwriting rescue plans for Opel and Saab while Canada's Industry Minister warned on Monday that the crisis-hit North American car industry was at the precipice of nonexistence. Underlining the severity of the crisis battering the car industry, with sales plunging as the credit crunch hits consumer confidence, assembly lines at some Volkswagen p...
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GM's Saab wins creditor protection, seeks savior

is one of Sweden's best-known brands. However, it said it needed a rapid restructuring in order to address the level of near-term losses and new funding from either private or public sources to launch more competitive models, and that it had to find a new partner. Surrounded by new and vintage Saabs in the company's museum showcasing its six decades of car making, Chief Executive Jan-Ake Jons...
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GM unit Saab files for creditor protection

General Motors' loss-making carmaker Saab Automobile on Friday sought legal protection from creditors to allow it to restructure and seek new funding for continued production. Faced with mountainous debts, parent GM is itself restructuring, and in a plan submitted to the U.S. Treasury this week it said Saab would become an independent business as of January 1, 2010. Saab made a loss of about 3 ...
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Saab board meets amid reports of reorganization

The board of General Motors' Saab met on Thursday, a union representative said, amid reports the Swedish carmaker was set to file for protection from creditors. Earlier on Thursday, Swedish public service radio reported, without disclosing its sources, that Saab's board had called an extraordinary meeting to decide on a reorganization of the carmaker. A reorganization filing, whic...
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Pirate Bay copyright test case begins in Sweden

denied the charges. The group that controls The Pirate Bay, launched in 2003, says that since no copyrighted material is stored on its servers and no exchange of files actually takes place there, they cannot be held responsible for what material is being exchanged. The prosecution says that by financing, programing and administering the site, the four men promoted the infringement of property r...

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