Man claiming 85 per cent ownership of Facebook revealed

MELBOURNE – A man from a small town in New York has claimed that he owns 85 per cent of the social network site Facebook, and has said that he will be going to court to prove it.

Paul D Ceglia, from Wellsville, has filed a civil case against Facebook founder Mark Zuckerberg, claiming he had … Read this article on Gaea Times at : Man claiming 85 per cent ownership of Facebook revealed.

AP Enterprise: GOP candidate Carly Fiorina faces fundraising challenge in challenge to Boxer

AP Enterprise: Fiorina faces fundraising challenge
SACRAMENTO, Calif. – Republican U.S. Senate candidate Carly Fiorina is at a fundraising disadvantage in many parts of California, including her home turf in the Silicon Valley, as she tries to unseat three-term incumbent Sen. Barbara Boxer, an Associated Press review of campaign finance data shows.
That means the …. Source  : Gaea News Network.

CGI Group extends tender offer for stock of government contractor Stanley for second time

CGI Group again extends Stanley tender offer

FAIRFAX, Va. – For the second time in as many months, information technology company CGI Group Inc. on Monday extended its $903 million tender offer for Stanley Inc., a government contractor.
The Canadian company said in May it would buy Stanley for $37.50 per share in cash. The boards of … Read more >>>.

IPO market opens 3Q with hope pinned on 3 tech companies; buyout firm KKR also to list

KKR, tech companies to go public this week

NEW YORK – A handful of young technology companies are expected to kick off the market for initial public offerings in the third quarter on a hopeful note.
Demand for IPOs was volatile during the second quarter as economic uncertainty weighed on stock markets, and numerous companies canceled IPOs … Read : IPO market opens 3Q with hope pinned on 3 tech companies; buyout firm KKR also to list.

Stocks close mixed as investors await start of 2nd-quarter earnings; Alcoa has upbeat report

Stocks in narrow range ahead of earnings season

NEW YORK – Stocks closed mixed Monday as investors grew more cautious while they waited for the start of second-quarter earnings reports. They got some good news after trading ended, when Alcoa Inc. reported better than expected results.
The Dow Jones industrial average rose 18 points and the other …. Original source  : Stocks close mixed as investors await start of 2nd-quarter earnings; Alcoa has upbeat report.

Novellus Systems reports 2nd-quarter profit as demand for electronics restarts chip industry

Novellus Systems returns to profit in 2Q
SAN JOSE, Calif. – Novellus Systems Inc., which makes equipment for producing computer chips, said Monday it posted a profit in the second quarter as the economic recovery that has bolstered the technology sector in recent months helped the company come back from a loss last year.

Quarterly net income …. Original article on Gaea Times at  : Novellus Systems reports 2nd-quarter profit as demand for electronics restarts chip industry.

Playboy, Weyerhaeuser, Aon, Qualcomm among big market movers Monday

Playboy, Weyerhaeuser, Aon among big movers

NEW YORK – Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Aon Corp., down $2.72 at $35.62
The insurance broker plans to buy human resources company Hewitt Associates for $4.9 billion to expand its consulting operations.
Playboy Enterprises Inc., up $1.61 at $5.55
Founder …. Source  : Playboy, Weyerhaeuser, Aon, Qualcomm among big market movers Monday.

Conde Nast’s Reddit asks readers for money to hire more engineers, buy servers

Conde Nast’s Reddit asks readers for help
NEW YORK – Though it’s owned by a large media company, Reddit needs money, and it’s turning to its loyal audience for help.
Reddit, which Conde Nast’s Wired Digital bought in 2006, lets readers post links to articles, blogs, photos and other Web content. They can then click … Read more >>.

HEALTHBEAT: From texting to two-way feedback, testing cell phones as tool to fight disease

From texting to apps, using cell phones for health

WASHINGTON – What if my blood sugar’s too high today? Is it time for my blood pressure pill? With nagging text messages or more customized two-way interactions, researchers are trying to harness the power of cell phones to help fight chronic diseases.
“I call it medical minutes,” says …. Original article on Gaea Times at  : HEALTHBEAT: From texting to two-way feedback, testing cell phones as tool to fight disease.

Qualcomm shares rise, analyst sees faster growth in smart phones using Snapdragon processors

Qualcomm stock up as smart phone growth escalates
SEATTLE – Shares of Qualcomm Inc. jumped Monday after an analyst said the mobile device chip maker stands to benefit as smart phones grow increasingly popular.
THE SPARK: Goldman Sachs added Qualcomm to its Conviction List and said the smart phone market is growing even faster than [..] Read the original article: here.

Consumer Reports: iPhone 4 antenna causes reception issues, not formula for displaying bars

Consumer Reports won’t recommend iPhone 4
SEATTLE – Consumer Reports said Monday it will not recommend Apple Inc.’s newest iPhone because of reception problems caused by its antenna design.
After the iPhone 4 went on sale in June, buyers started complaining that holding the gadget a certain way could cause reception to fade and calls … Original source on Gaea Times at : Consumer Reports: iPhone 4 antenna causes reception issues, not formula for displaying bars.

Summary Box: Dell, HP, Fujitsu to offer Windows Azure cloud computing services

Summary Box: Microsoft, PC makers to offer Azure
THE PARTNERSHIP: Microsoft Corp. is teaming up with computer makers Dell Inc., Hewlett-Packard Co. and Japan’s Fujitsu.
THE OFFERING: Those PC makers have set up networks of servers running Azure, Microsoft’s “cloud computing” system for outsourcing data center management.
THE BOTTOM LINE: PC makers, which also do technology …. Read the original article  : Summary Box: Dell, HP, Fujitsu to offer Windows Azure cloud computing services.

Dell, HP, Fujitsu to offer Windows Azure cloud computing services to customers

Microsoft, PC makers set up Azure clouds
SEATTLE – Microsoft Corp. is teaming up with computer makers to try to make its Windows Azure cloud computing system attractive to government and big corporate customers.
In recent years, companies have started to use technology called virtualization, which can let one physical server computer act … Read more >>.

Octopus oracle Paul to retire after perfect predictions of World Cup games

Octopus oracle Paul to retire
BERLIN – No more World Cup, no more octopus oracle.
Paul, the octopus who became a pop culture sensation by correctly predicting the outcome of as many World Cup matches as he has legs – all seven of Germany’s games plus the Spain-Netherlands final – is going to retire.
The intuitive … Read more >>>.

Young British Facebook users get new application linking to online child safety program

UK Facebook users get link to child safety program
LONDON – A new application was launched on Facebook on Monday by a British child protection agency to allow young users to report worrying or inappropriate behavior to child protection authorities.
The Child Exploitation and Online Protection Center said their application – called “ClickCEOP” …. Source  : Young British Facebook users get new application linking to online child safety program.

Pakistan’s first social networking website launched

ISLAMABAD – Engineers of the Pakistani Information Technology successfully launched a social networking website based on the pattern of Facebook.

The name of the website is BuddyFlick.com.

Its creator, Yousaf Fayyaz, said that the website was launched with an aim of proving to the world that Pakistani engineers …. Source article on Gaea Times at  : Pakistan’s first social networking website launched.

Facebook retracts ban on Sydney nipple-flashing doll images

SYDNEY – Facebook has retracted its ban over images of a nipple-flashing doll used by a Sydney jewellery business.

A Sydney jeweller has rebuked Facebook for its “opaque” and “arbitrary” moderation system after the site apologised … Read the original article on Gaea Times at : Facebook retracts ban on Sydney nipple-flashing doll images.

Global wireless subscriptions pass 5 billion as India and China catch up, Ericsson estimates

Estimate: Global cell subscriptions pass 5 billion
NEW YORK – The number of wireless service subscriptions worldwide passed 5 billion this week, according to an estimate by LM Ericsson AB, the Swedish maker of wireless equipment.
The estimate is based on data from carriers worldwide, and compares to the global population of nearly …. Source article on Gaea Times at  : Global wireless subscriptions pass 5 billion as India and China catch up, Ericsson estimates.