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Insight: Jaded traders ask What, another crisis?

When Charles Berry started his career as a bonds trader in 1993, he used to draw point and figure charts on pieces of paper. He checked his old charts recently to remind himself how calm markets were in those days. Back then, it took three months for a price to move 200 ticks -- the measure traders use to show changes in futures or currency markets. Now the market moves 400 ticks in a week.
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Trader on floor of New York Stock Exchange

Dow Plunges More Than 500 Points as Fear Escalates

U.S. stocks plummeted Thursday, following a similarly huge sell-off in Europe, on growing fears that the global economy is sinking into a recession, ahead of worries about tomorrow?s July jobs report.
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Nokia Siemens Networks starts cutting 1,500 jobs

Nokia Siemens Networks has begun cutting 1,500 jobs from the 6,900 staff it acquired with its $1.2 billion acquisition of Motorola's telecoms network unit in April, a spokesman said on Thursday.
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Germany Wants to Halt Facebook Facial Recognition

Johannes Caspar, data protection supervisor in Hamburg, Germany, has asked Facebook to stop running its facial recognition feature on German users and to delete their biometric data, reported UK paper Guardian.
File photo of salmonella bacteria

Scientists find new superbug strain of salmonella

Scientists have identified an emerging "superbug" strain of salmonella that is highly resistant to the antibiotic ciprofloxacin, or Cipro, often used for severe salmonella infections, and say they fear it may spread around the world.
Apple retail store in upper west side, New York City

Apple Aggressive in Defending Own IP: Analyst

Apple Inc. is being aggressive defending its own IP with well publicized suits against Samsung and HTC, Barclays Capital said. Key companies in the wireless arena including Apple and Google continue to acquire and invest in IP to cement their positions.
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Insight: CEOs warned: mind the pay gap

A stuttering economy and anemic profit growth means company bosses' pay is unlikely to rise as fast this year as in 2010, but complaints from politicians and disgruntled shareholders over executive rewards are not going away.
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Hutchison H1 profit up over 600 percent, lags forecasts

Hutchison Whampoa Ltd <0013.HK>, Hong Kong billionaire Li Ka-shing's flagship ports-to-telecommunications company, posted a 632 percent rise in first-half net profit, helped by hefty one-off gain from the spin-off of its port assets, but lagging market forecasts.
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Former CIA official sees terrorism-cyber parallels

Different wars for different times. Cofer Black, a former top CIA counterterrorism official, said on Wednesday he sees parallels between the terrorism threat that emerged before the September 11 attacks a decade ago and the emerging cyber threat now.
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British smartphone use soaring, led by teens: survey

Teenage Britons are spending more and more time using smartphones to make calls, send texts and use social networking sites, and more than half of those that own the devices claim to be addicted to them, regulator Ofcom said on Thursday.
3. Cheryl Cole

Human hair trade soars on celebrity hairdo envy

A growing desire for the glossy, long locks of celebrities is fuelling a multi-million pound (dollar) global trade in human hair, with demand for hair extensions surging in the past year, according to e-commerce website Alibaba.com.
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McCartney ex-wife: Mirror journalist hacked my phone

Heather Mills was quoted on Wednesday as saying a journalist at British publisher Trinity Mirror, owner of the Daily Mirror tabloid newspaper, had hacked her phone before she was married to former Beatle Sir Paul McCartney.

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