CHINA

Megaupload and Megavideo Shut Down: Top 5 Web Site Bans Worldwide

Megaupload Effect: FileSonic Stops File Sharing Too
Megaupload, one of the world's largest file-sharing sites, was shut down Thursday by the U.S. government. Its founder, Kim Schmitz, and several company executives were arrested in New Zealand at the request of U.S. officials for mass copyright infringement and conspiracy to commit money laundering, reports Wired.com.

Chinese Exchanges End Year with Gain

Man works in trading room of Shanghai Stock Exchange during ceremony marking initial public offering of ICBC
Hong Kong and Shanghai shares rose on Friday, achieving a second straight week of gains and managing to break above stubborn chart resistances on hopes of policy easing inChina and on stronger overseas markets.
IBTimes Logo

U.S. Stock Futures Point to Higher Open

Stock index futures pointed to a slightly lower open for equities on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.02 to 0.2 percent.
More news
The logo of the Bank of America is pictured atop the Bank of America building in downtown Los Angeles

BofA May Pay Employees in Shares, with Eye on Capital

Bank of America Corp (BAC.N) may give shares worth $1 billion to employees instead of cash as part of bonuses and hold back on dividend increases and buybacks, as the second-largest U.S. bank grasps for ways to boost its capital levels.
IBTimes Logo

Momentum to drain from world economy in 2012: poll

The world economy will lose momentum in 2012 but it will keep moving in the right direction, according to Reuters polls of around 600 economists who said crisis-hit Europe would drag on global growth.
IBTimes Logo

Demand strong, margins better in 2012: Nike CEO

Nike Inc is seeing no slowdown in demand in its biggest markets, even as Europe struggles economically and shoppers in the United States remain skittish, Chief Executive Mark Parker said.
IBTimes Logo

Rift maker Trion raises $85 million in new funding

Video game publisher Trion Worlds has raised $85 million in a new round of funding as the privately held company aims to expand to Asia this year and launch new titles, CEO Lars Buttler told Reuters on Thursday.
What is SOPA? 8 Things to Know About 2012 Bill And Sister Act PIPA

What is SOPA? 8 Things to Know About 2012 Bill and Sister Act PIPA

Yesterday, Internet titans like Wikipedia, Reddit and Boing Boing launched a coordinated blackout to protest the Stop Online Piracy Act (SOPA) and the Protect IP Act (PIPA). But what is the SOPA bill? How would it affect the way the Internet works now? Who supports and opposes the bill, and is it even likely to pass?
IBTimes Logo

Iran Warns Region Against Stance on Hormuz

Iran's foreign minister warned Arab neighbors on Thursday not to put themselves in a dangerous position by aligning themselves too closely with the United States in the escalating dispute over Tehran's nuclear activity.
5 – London

Time for Decision on Removing Leap Seconds

Experts have recommended eliminating leap seconds from the time scale used by most computer systems, but governments are split on the issue, to be decided this week, the International Telecommunications Union (ITU) said Tuesday.
Gold firms as IMF talk, Fitch stance lift euro

Gold Prices Slide on Profit Taking, Falling Euro

Gold edged lower on Thursday as the euro's retreat from highs in the wake of U.S. economic data prompted some buyers to cash in gains in the precious metal after a three-day run higher took prices to their strongest since mid-December.
Clinton Denies Snub from Russian FM in Australia

U.S. to Try Again to Hammer out Space Code

The United States will join with Europe and other nations to hammer out a code of conduct for space activities, including how to deal with the growing problem of debris circling Earth, the Obama administration said on Tuesday.
IBTimes Logo

'Rift' Maker Trion Raises $85 Million in New Funding

Video game publisher Trion Worlds has raised $85 million in a new round of funding as the privately held company aims to expand to Asia this year and launch new titles, CEO Lars Buttler told Reuters on Thursday.
The shadows of spectators are seen through a Chinese national flag during the men's kayak (K1) semifinal at the Beijing 2008 Olympic Games August 12, 2008.

China's Challenge to the iPad Raises a Red Flag

China Communist Party members can now carry a tablet PC to verify identification cards, read the blogs of cadres and manage state-owned firms without fretting that using a bourgeois Apple Inc iPad will ruin their street cred.
Iran To Return Downed Spy Drone to Obama... As Fake Pink Plastic Toy

Iran To Return Spy Drone to Obama... As Fake Pink Plastic Toy

Rather than sending back the RQ-170 Sentinel drone that crashed into Iran last year, Tehran-based Aaye Art Group says it plans to send President Obama miniature fake versions of the spycraft... and rumor has it the $4 toys are likely to be pink. Though the Iranian government is still insisting that the spy drone was over Iran when it crashed and that Iranian spies brought it down, the U.S. claims the aircraft was in Afghanistan, and suffered a technical malfunction.
Republicans fume as Keystone oil pipeline rejected

Republicans Fume as Keystone Oil Pipeline Rejected

The Obama Administration rejected the Keystone oil pipeline on Wednesday, a move that Republicans decried for sacrificing jobs and energy security in order to shore up the president's environmental base before elections.
IBTimes Logo

China's challenge to the iPad raises a red flag

China Communist Party members can now carry a tablet PC to verify identification cards, read the blogs of cadres and manage state-owned firms without fretting that using a bourgeois Apple Inc iPad will ruin their street cred.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.