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FBI probes cyber attack on Citigroup: report

The Federal Bureau of Investigation is probing a computer hacking that targeted Citigroup Inc and resulted in the theft of tens of millions of dollars, The Wall Street Journal reported on Tuesday, but the financial institution denied its systems had been breached.
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Telecom Egypt to seek mobile service - report

Egypt's fixed-line monopoly Telecom Egypt (ETEL.CA) (ETELq.L) will need to provide mobile services to compensate for declining landline subscriptions, a company executive was quoted on Monday as saying.
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Hynix can spend $2 billion capex in 2010

World's No. 2 memory chip maker Hynix Semiconductor Inc is seen capable of spending a higher-than-expected 2.3 trillion won ($2 billion) in capital expenditures next year, its top shareholder KEB said on Sunday.
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Huawei beats Ericsson to Tele2/Telenor 4G order

Nordic telecoms operators Tele2 (TEL2b.ST) and Telenor (TEL.OL) picked China's Huawei [HWT.UL] to supply their joint 4G network in Sweden, shutting out Ericsson (ERICb.ST) in its home market, Tele2 said.
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Palm posts wider-than-expected loss

Palm Inc reported a wider-than-expected quarterly loss as consumer demand for its smartphones weakened due to increased competition, sending shares down 4 percent on Thursday.
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Sony's Stringer says e-reader to stay a book device

The way Howard Stringer sees it, Sony's digital e-readers should focus on the printed word and making reading comfortable, even though the consumer electronics giant could turn it into a multimedia machine.
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Sony in e-reader deal to offer Wall Street Journal

Sony Corp said it struck a deal with News Corp that will make The Wall Street Journal, MarketWatch, and the New York Post available on its electronic reader, the latest shot fired in an intensifying battle with Amazon.com Inc's popular Kindle device.
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Samsung sees infotainment/lifecare as new business

Samsung Electronics Co Ltd's new chief executive Choi Geesung said the South Korean technology giant would cultivate new revenue sources in the infotainment and lifecare sectors and beef up its PC, appliance and camera businesses.
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Obama plans to sharply boost U.S. broadband access

The Obama administration is to award $2 billion in grants and loans over the next 75 days as part of a plan to dramatically expand Americans' broadband Internet access and create tens of thousands of jobs.
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FTC sues Intel for abusing market dominance

The U.S. government accused Intel Corp of illegally using its market dominance to stifle competition, in a lawsuit that seeks to stop the marketing practices that have helped maintain Intel's status as the world's biggest chip maker.

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