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Google gets patent for wave-powered floating data centers

Google Inc., the largest Internet search engine provider in the world, obtained a patent today for a water-based data center to be powered with the ocean's waves.

SMFG buys Citi Japan units for $5.9 billion

Sumitomo Mitsui Financial Group will buy Citigroup's Japanese broker and key investment banking units for $5.9 billion and look to form a financial services powerhouse through an alliance with Daiwa Securities Group.

Index futures point to higher Wall Street open

Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.3-0.4 percent, pointing to a higher start on Wall Street.

Hartford, MetLife post losses amid investment woes

Hartford Financial Group posted its third straight net loss and said it plans to stop selling new policies in Japan and the United Kingdom, as the insurer reeled from the same weak financial markets that triggered a net loss at MetLife Inc .

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ING favors U.S. real-estate trusts despite crisis

U.S. real-estate investment trusts (REITs) enjoy strong investor support, despite the slump in U.S. property markets, because they have moved aggressively to repair their balance sheets, ING Real Estate said on Wednesday.

UK, French ministers press Sri Lanka ceasefire call

The foreign ministers of Britain and France urged Sri Lanka on Wednesday to implement a humanitarian ceasefire with Tamil Tiger rebels in order to allow tens of thousands of trapped civilians to escape the battle zone.

Swine flu widens in Europe with first German cases

Germany confirmed its first three cases of swine flu on Wednesday, marking the arrival of the virus in the heart of continental Europe.

Texan baby is first flu death outside Mexico

A baby in Texas has died of the H1N1 flu strain, the first confirmed death outside Mexico from the virus, which health officials fear could cause a pandemic as it spread to two more countries.

SocGen chairman Bouton quits after verbal attacks

Daniel Bouton, the chairman of Societe Generale whose reputation was hit by a trading scandal at the bank, resigned and blamed relentless verbal attacks on his performance for his decision to quit.

Child porn websites fall but more work needed

Websites displaying child pornography fell by almost 10 percent in 2008, but most of those images were still being peddled by commercial sites, an Internet watchdog said on Wednesday.

New swine flu infections intensify travel fears

New swine flu infections were found around the world on Tuesday and the specter of a pandemic began to hit the travel industry as governments warned people to stay away from Mexico where 149 people have died.

Nokia drops U.S. operator billing from Ovi launch

Nokia said on Tuesday operator billing would not be available in the United States when its Ovi store opens in May - the latest in a series of setbacks in the U.S. market for the world's top cell phone maker.

Oil eases towards $49 on weakening demand

Oil prices eased toward $49 a barrel on Tuesday, paring earlier gains after U.S. stock markets rose following encouraging housing and consumer confidence data.

U.S. bank report, flu fears shake economy hopes

Anxiety over a global flu crisis and the health of some U.S. banks rattled hopes on Tuesday that the financial system was stabilizing, but U.S. and other data suggested confidence was returning to consumers.

Swine flu spreads to Israel, New Zealand

New Zealand and Israel confirmed cases of swine flu on Tuesday, the latest countries hit by a new strain that has killed up to 149 people in Mexico and which threatens to become a pandemic.

Europe's biggest onshore wind farm to be ready early

ScottishPower, a unit of Spain's Iberdrola, said on Monday its Whitelee wind farm near Glasgow is to be completed ahead of schedule in the next few weeks.

U.S. bank, flu fears chill economy hopes

Fears about a possible global flu crisis and renewed worries over the capital health of some U.S. banks combined on Tuesday to rattle economists' hopes the financial system was stabilizing.

CORRECTED: U.S. bank, flu fears chill economy hopes

Removes references in paragraph 2 to Citigroup needing billions of dollars in new capital

U.S. bank, flu fears chill stabilization hopes

Fears about a possible global flu crisis and renewed worries over the capital health of some U.S. banks combined on Tuesday to rattle economists' hopes the financial system was stabilizing.

U.S. urges BofA, Citi to increase capital: report

U.S. regulators have told Bank of America Corp and Citigroup Inc they may need to raise more capital following stress testing of the two banks, the Wall Street Journal reported.

Stirling expands with new solar-thermal power plant unit

Phoenix-based Stirling Energy Systems announced Monday it is expanding by launching Tessera Solar, a new unit to manufacture the products used to build large solar-thermal power plants in the U.S. and the rest of the world.

Flu a windfall for some drugmakers, shares jump

The threat of a pandemic triggered by a new swine flu strain that has killed more than 100 people in Mexico will provide a windfall for some makers of drugs, vaccines and protective masks.

UK rules out government database of emails, phones

Britain has ruled out a controversial proposal to set up a government database to store Internet and telephone traffic, saying it prefers to have such information held by private companies.

Brown takes new strategy to Afghanistan, Pakistan

British Prime Minister Gordon Brown flew to Afghanistan and Pakistan on Monday touting a new security strategy for the region as international alarm spreads over Taliban advances.

Mexican swine flu spreads to U.S., Europe

Governments around the world acted to stem a possible flu pandemic on Monday, as a virus that has killed 103 people in Mexico and spread to North America was confirmed to have reached Europe.

Chrysler, CAW in tentative deal, GM draws $2 billion

Chrysler won a round of concessions from its Canadian union on Friday while General Motors Corp soaked up $2 billion more in U.S. government aid and Ford Motor Co posted a narrower-than-expected loss that sent its shares soaring.