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It’s easy to understand outrage over Iran using monitoring of wireless phone networks to crack down on protesters. By Senators Charles Schumer (D-N.Y.) and Lindsey Graham look a little silly attacking Nokia Siemens for providing technology that would be required in the U.S. and nearly everywhere else. (Read the full post here.)

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Senators Attack Wireless Monitoring Required by U.S.

A federal judge has dismissed the last campaign finance charge against Los Angeles attorney Pierce O’Donnell, who faced three felony counts of campaign finance irregularities. Judge S. James Otero signed an order prepared by both prosecutors and defense…

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As bad as the technology market fared in the first quarter of this year, the worst may be over, at least in the United States, Forrester Research said in a report Tuesday. The research firm nonetheless revised its forecast for 2009. It now expects the U.S….

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Report: Worst may be over for US tech market

(Reuters) – General Motors Corp is close to a deal with Belgium-based RHJ International to sell a stake in Opel, and a memorandum could be signed within days, the Financial Times reported citing a person close to the sale process.

General Motors close to Opel deal with RHJ: report

TOKYO (Reuters) – Japan pledged to prop up loss-making chip maker Elpida Memory Inc with up to $1.7 billion in public and private capital and loans, the country’s first capital injection in a company since the financial crisis.

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Japan props up Elpida with $1.7 billion in aid

Government experts are scheduled to vote on whether Nyquil and other combination cold medications should be pulled from the market to help curb deadly overdoses. The Food and Drug Administration has assembled more than 35 experts for a two-day meeting to…

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FDA panel to vote on painkiller restrictions

Attorneys for Texas financier R. Allen Stanford are hoping a federal judge will side with them and allow their client to be free on bond while he awaits trial on charges he swindled investors out of $7 billion. Prosecutors want U.S. District Judge David…

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Attorneys await decision on Stanford’s bond

McClatchy & Co., one of the companies hardest hit by the crisis in the newspaper industry, was honored Monday for its coverage of the economic meltdown. The Loeb Awards, among the highest honors in business journalism, have been presented for 36 years by…

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Financial crisis coverage dominates Loeb Awards

Hawaii is reporting its first swine flu death. The state Department of Health says an adult over 60 years old with an underlying medical condition died June 19 at Oahu’s Tripler Army Medical Center after contracting the H1N1 virus. Department spokeswoman…

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Hawaii has 1st swine flu death, of ailing patient

General Motors plans to quit a joint venture with Toyota to make cars at New United Motor Manufacturing in Fremont, a decision that threatens the survival of the West Coast’s only automotive plant and puts 4,700 factory jobs at risk. Toyota said today it had…

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GM withdrawing from Nummi plant in Fremont

McClatchy, one of the hardest hit by the crisis in the newspaper industry, has been honored for its coverage of the economic meltdown. The Loeb Awards, among the highest honors in business journalism, were presented Monday evening in New York City. Even as…

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McClatchy, NY Times honored at Loeb Awards

A Yemenia Air plane going from the Arabian Peninsula country of Yemen to the island nation of Comoros has crashed in the Indian Ocean, a Yemen airport official said Tuesday. The official said the plane was going from the Yemen capital San’a to Moroni, on the…

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Yemen official: Comoros-bound plane crashes

A federal judge has temporarily frozen the assets of a Southern California financier while he is under investigation by the Securities Exchange Commission. The judge on Monday ordered Danny Pang, who is accused of defrauding investors in his Private Equity…

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Judge freezes Pang’s assets during SEC probe

NEW YORK (Reuters) – General Motors Corp is heading to bankruptcy court on Tuesday to seek approval to sell its assets to a “New GM” in a plan to reinvigorate the automaker under U.S. government ownership.

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General Motors to seek approval to sell itself

The Justice Department has filed a federal lawsuit against a paver company in Las Vegas over its firing of an employee who was returning from active military duty. The Justice Department said Monday that Stonescape Pavers LLC illegally fired Matthew Denning…

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Feds file suit against Vegas pavers over employee