Section | Business

Sony Ericsson Yearns to Get More of the Android Market

Sony Ericsson revealed its two new smartphone models with the Android operating system on Wednesday, a sign that the mobile phone manufacturer yearns to get more of the growing Android market. Steve Stalker, chief marketing officer of the company, announced in Singapore that it plans to launch the Xperia active and Xperia Ray models on […]

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Skype Faces Patent Infringement Lawsuit

Skype Inc. was sued by a Luxembourg company for infringing its patents in a federal court in the United States on Thursday. Via Vadis filed similar lawsuits against the internet video phone company in Europe. Via Vadis alleged in the lawsuit that Skype used two of its patented data access, as well as management technologies […]

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Citibank Card Data Breached by Hackers

Citigroup Inc. said hackers who penetrated the bank’s online account site had stolen data from about 2,000 credit card customers located in North America. These include names, account numbers, as well email addresses of the customers. The hackers have seen the account data for about 1 percent of the bank’s credit card customers, the financial […]

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Former Hospital Executive Accused of Stealing

The former vice president of the Children’s Hospital of Philadelphia is now accused of stealing $1.7 million from the esteemed facility, authorities announced Thursday. The United States Attorney’s office said that Roosevelt Hairston, Jr. effectively hid the theft from CHOP by coming up shell companies, opened bank accounts under their names, and established deceptive offices […]

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Zuckerberg Announced Facebook Ownership Contract is Fake

Mark Zuckerberg, founder of the social networking site Facebook, said that all the emails and signed documents that are apparently the bases for a lawsuit filed against the young social media tycoon are fabricated. These statements are a part of the papers filed in the federal court in Buffalo by his lawyers Thursday. The lawsuit […]

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Equipment Store for Medical Marijuana Cultivation Opens in Arizona

A professional equipment company opened a large garden center in Phoenix, Arizona on Wednesday. The superstore, which is the first outlet of weGrow outside California, caters those who want to cultivate their own medical marijuana. The opening of weGrow outlet in Arizona was made possible when medical marijuana law was approved by resident voters last […]

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Chinese Hackers Attacked Gmail

Chinese computer hackers broke into a lot of Gmail accounts, including US government officials and military personnel, said Google Incorporated on Wednesday. The hacker attacks are not believed to be linked to a similar, yet more sophisticated, assault from China in 2009. The latest attack appeared to have relied heavily on “phishing” scams that many […]

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$82.6 Million Awarded in Medicare Fraud Case

A federal judge on Thursday awarded the U.S. government nearly $83 million from three companies involved in a Medicare fraud case prompted by whistleblowers. U.S. District Judge William J. Haynes Jr. in Tennessee ruled that Renal Care Group, Fresenius Medical Care Holdings Inc. and Renal Care Group Supply Co. showed reckless disregard of the federal […]

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Egyptian Executive Charged for Sex Abuse

The former chairman of a huge bank in Egypt faces charges of sex abuse just weeks after the former IMF chairman was arrested for similar charges. Mahmoud Abdel Salam Omar is accused of sexually harassing a maid at one of the premier hotels in Manhattan. The police said that Omar was arrested last Monday after […]

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Whistleblowers Get Cash Incentives thru US SEC’s New Rules

The U.S. Securities and Exchange Commission on Thursday adopted final rules that will govern a whistleblower program to offer incentives or cash rewards to those who will provide high-quality tips to the agency for effective enforcement actions. The new rules, which were voted 3-2 by the SEC on Wednesday, could compel whistleblowers, including other industry […]

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