By ANNE BARNARD
To satisfy New York State prosecutors who accused Facebook Inc., the popular social networking Web site, of falsely advertising itself as a safe online environment, Facebook yesterday agreed to immediately post sterner warnings about the dangers to children using the site and to respond more speedily to complaints from users about inappropriate sexual […]
Posted on October 16th, 2007 by admin
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By JAD MOUAWAD
The price of oil jumped to yet another record yesterday, sparking predictions that motorists would see sharply higher gasoline prices by Thanksgiving — and fears that $100-a-barrel oil is no longer such a distant prospect.
Crude oil for November delivery settled at a new nominal high of $87.61 a barrel, up $1.48. Futures touched […]
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By LAURIE J. FLYNN
SAN FRANCISCO, Oct. 16 — Intel cheered investors on Tuesday when it reported better-than-expected quarterly sales and a 43 percent increase in profit on strong worldwide demand for personal computers.
Intel, which raised its forecast for the third quarter last month, also benefited from a reorganization and various new products after several quarters […]
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Ericsson Chief Executive Officer Carl-Henric Svanberg said on Tuesday the company was not aiming to substantially increase market share again in 2008.
“We do not have that big ambitions to grow market share next year,” Svanberg said at a news conference.
The company has been gaining market share in recent quarters and Svanberg said latest industry figures […]
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By Grant Smith
Crude oil rose to a record, nearing $88 a barrel, because of concern Turkey may attack Kurdish militants in Iraq and disrupt shipments.
Turkish Prime Minister Recep Tayyip Erdogan said today that measures against Kurdish groups are “unavoidable.” Parliament will tomorrow consider a plan for military action against rebels in Iraq, holder of the […]
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By Maria Fredriksson
Ericsson AB, the world’s biggest maker of wireless networks, dropped 26 percent to a three-year low in Stockholm trading after saying third-quarter profit and sales trailed its forecasts.
Net income fell 36 percent to 4 billion kronor ($620 million) from 6.2 billion kronor a year earlier. Revenue rose 6 percent to 43.5 billion kronor. […]
Posted on October 16th, 2007 by admin
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