Google Inc and a group of publishers have agreed to a settlement over making digital copies of books, capping seven years of litigation prompted by the search giant's effort to become the world's digital library. Google and the Association of American Publishers (AAP) said on Thursday that U.S. publishers can decide whether they want their
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A U.S. tourist opened fire in an Israeli hotel in the Red Sea resort city of Eilat on Friday, killing at least one person, in an attack whose motives were not immediately clear, a police spokesman said. Police have surrounded the hotel and have called in "a large number of units to deal with the
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A former Greek deputy interior minister being investigated by the financial police on suspicion of amassing ill-gotten wealth has committed suicide, police said on Thursday. A family member found Leonidas Tzanis, a socialist politician, at his home in the central Greek town of Volos on Thursday evening, a police official said. He had hanged himself.
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For an event so freighted with expectations of tax insights, the Obama-Romney debate on Wednesday offered few clues on what the candidates' tax plans could mean for average Americans. Republican nominee Mitt Romney stuck to his strategy of promising tax cuts. To pay for this, he pledged again to close yet-to-be-named tax loopholes. And he
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Samsung Electronics reported a record quarterly profit of $7.3 billion, nearly double last year's figure, as strong sales of high-end TVs and Galaxy smartphones more than offset reduced orders for chips and screens from Apple Inc, its main rival and leading customer. Most analysts, however, expect a run of four straight record quarters to end
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Dozens of lawsuits against Facebook Inc , the NASDAQ exchange and various underwriters will be centralized before a federal judge in New York, who must sort through the legal aftermath of Facebook's botched initial public offering. A panel of federal judges on Thursday ordered that cases filed around the United States be transferred to U.S.
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The days when Wall Street banks could blithely hand out half their revenue in compensation to their staff without a murmur from shareholders have come to an end. In an era of leaner times and tighter regulation, big mutual funds and pensions are growing more vocal in pushing executives at investment banks to rein in
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Asian shares rose and the euro clung on to most of its overnight gains on Friday as investors awaited a key U.S. jobs report, sustaining a positive mood after the European Central Bank said it stands ready to buy bonds of troubled euro zone countries. U.S. stock futures were up 0.1 percent, suggesting a modest
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The world financial crisis has led to a loss of confidence among the citizens and the businesses, but the Government continues its efforts to technologically upgrade and modernize all sectors of the economy, Minister of Commerce, Industry and Tourism Neoklis Sylikiotis has said. Addressing here Thursday the General Assembly of the Nicosia Chamber of Commerce
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The Cyprus Investment Promotion Agency (CIPA) presented the advantages Cyprus offers to investors and businesses wishing to expand in new markets, during a Cyprus-Ukrainian business forum held recently in Odessa, Ukraine. Cypriot companies focused their presentations on the tax system and the legal framework of Cyprus, its real estate market, education and business opportunities. A
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