The Central Intelligence Agency has negotiated contracts with AT&T Inc. and other U.S. companies to mine their databases for records of communications, including financial transactions, of suspected terrorists overseas.
Treasury Secretary Jacob J. Lew said in an interview with Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that he was briefed in March on an investigation of selective IRS screening of nonprofit groups though he didn’t learn details of the findings until last week.
The U.S. Federal Trade Commission should scrutinize carefully whether Citigroup Inc.’s proposed sale of EMI Group’s music and publishing assets would hurt competition in the music industry, an advocacy group said.
House Democratic Leader Nancy Pelosi said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that while former Treasury Secretary Lawrence Summers and U.S. Federal Reserve Vice Chairman Janet Yellen are well-qualified candidates to become Fed chairman, “it would be great to have a woman” in the post.
So let’s see if we can find the thread that connects some recent news from the technology world. Microsoft Corp. has agreed to let users of its forthcoming XBox One game system disable the “always on” motion-sensing camera that was previously described as a fully integrated component that couldn’t be turned off. Two companies that offer high- encryption e-mail services, Lavabit and Silent Circle, have announced they will cease providing it. Foreign firms interested in cloud computing, widely viewed as tech’s next profit machine, are seriously considering Asian and European providers instead of U.S. ones.
Roni Elovitch replaced furniture and rebuilt walls in her home after Superstorm Sandy submerged parts of Fire Island, New York. She’s dismayed Verizon Communications Inc. won’t embark on a post-hurricane refurbishing of its own.
Galleon Group LLC co-founder Raj Rajaratnam’s lawyer accused U.S. prosecutors of living in a “make-believe” and “imaginary world” where publicly available information about pending deals “didn’t exist.”
Goldman Sachs Group Inc. may be better off cutting its losses instead of fighting what it terms “unfounded” fraud claims, say professors of securities law who have examined the U.S. Securities and Exchange Commission’s lawsuit against the bank.