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Short seller's report clobbers Sino-Forest

A damning short-seller's report accusing Sino-Forest Corp of theft and fraud put the skids under the Canadian-listed company on Friday, even as it denied there was a problem.

How Serious are North Korea's Hacking Activities?

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North Korea might be decades behind development, but when it comes to cyber warfare, the nation is growing an elite army of hackers, seeking out the best of the best computer prodigies, showering them and their families with lavish lifestyles, and effectively training them.
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Bill Ford says CEO successor likely from within

Ford Motor Co Executive Chairman Bill Ford said on Friday it is likely that the company will look inside its own ranks for the successor to Chief Executive Alan Mulally, whenever Mulally decides to leave.
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U.S. raises Google hack allegation with China

The United States has asked Beijing to investigate Google's latest allegation of a major hacking attack that the Internet giant says originated in China, the State Department said on Friday.
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PayPal to end partnership with Alibaba

EBay's online payment unit, PayPal, will end its year-old partnership with AliExpress, the wholesale website of Alibaba.com, from early August, PayPal said on Friday.
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Wal-Mart seeks to reassure investors on growth

Wal-Mart Stores Inc is trying to reassure employees and investors on Friday that the company can reach out to shoppers online, on their phones and in small and large stores to drive growth.
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India source: no sign yet of joint BRICS IMF candidate

There has been no sign yet of a joint candidate from the developing countries of Brazil, Russia, India, China and South Africa to head the International Monetary Fund, an Indian government source told Reuters on Friday.

Netizens speculate next target as hackers rule corporations world over

Hacker attacks, real and fake claims on who hacked and who didn’t, and to top it all, speculation regarding who is going to be the next target. While distressed corporations that have been victims of these virtual hooligans in recent days struggle to restore order and gain back control over the dwindling shares, people across the world debate on the next likely target.
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Lenovo buys German computer seller Medion

Chinese computer maker Lenovo Group Ltd's has agreed to buy Germany's Medion AG in a deal valuing the electronics retailer at up to $900 million, to boost its market share in Europe.
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Sharp eyes profit from small displays, books charge on TVs

Japan's Sharp Corp forecast an unexpected jump in operating profit as demand for smartphones and tablets boosts sales, but said a temporary production halt at two TV panel plants earlier this year would force it to book an extraordinary charge.
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Prada point to rising profits ahead of HK IPO

Italian fashion house Prada, which is preparing for an initial public offering of about $2 billion in Hong Kong, said its net profit more than doubled in 2010 and it expects further gains in the current half year.
Women walk past the logo of Google in front of its former headquarters in Beijing

Google attack brings past cyber attacks into focus

After alleged hackers in China compromised the personal e-mail accounts of top-notch American officials, military personnel and journalists, the world attention has shifted to cyber warfare and similar attacks that have happened in the past.
E. Coli

New deadly E.coli strain is a rare mutation: WHO

Experts from the World Health Organization (WHO) said that a highly infectious new strain of E.coli bacteria, which is causing a deadly outbreak of food poisoning in Germany and other countries, is a never-before-seen mutation.
iPad2

A kidney for an iPad 2!

Selling a body part to buy the favorite gadget? Yes, you've heard it right. A teenager in China's Anhui province has sold his right kidney to buy an iPad 2. What a craze!
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Global stocks tread water before U.S. job data

Stocks steadied, bond yields dipped and the euro rose to a one-month high versus the dollar on Friday as investors braced for a key U.S. jobs report that could feed debate over whether the economy is headed for a protracted slowdown.
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Cybersecurity becoming U.S. diplomatic priority

Cyber security is now a diplomatic priority for the United States with Washington looking to build relationships to tackle information theft and reduce the risk of conflict, a senior official said.

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