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/ 20 May 2008

Microsoft eyes new tie-up with Yahoo!

With Yahoo! facing pressure from a corporate raider, the internet giant has reopened discussions on a tie-up with Microsoft, but for a new deal that would probably not be an outright takeover. The two firms said over the weekend that they were exploring new options two weeks after Microsoft withdrew its offer to acquire the struggling internet pioneer.

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/ 7 December 2006

Spam is back with a vengeance

Most internet users already know it: spam is on the rise again as the senders of unwanted e-mail advertisements find new ways to circumvent filtering systems. A study released last month by the security firm Postini found that unwanted messages now account for 91% of all e-mail, and over the past 12 months the daily volume of spam rose by 120%.

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/ 20 July 2006

US seeks to curb online gambling

United States authorities are raising the stakes against internet gambling with their biggest prosecution effort to date, but backers of online wagering are not yet ready to fold. An indictment unsealed on Monday charges the operators, British-incorporated BetOnSports, with illegally taking bets from US residents and failing to pay US taxes on $3,3-billion in wagers from the United States.

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/ 3 February 2006

Witness says Enron chiefs hid losses from investors

Enron’s chief executives concealed key data before the company’s 2001 collapse that would have shown two supposedly fast-growing businesses were "underperforming", a witness testified. Mark Koenig, the first witness in the fraud and conspiracy trial of Kenneth Lay and Jeffrey Skilling, said assurances from the chief executives masked major problems.

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/ 2 February 2006

Enron jurors hear about gimmickry

Jurors in the Enron fraud trial began to hear about some of the financial tricks and gimmickry that kept the company flying high before its spectacular collapse in late 2001. And many of these tricks, former Enron investor relations chief Mark Koenig testified on Wednesday, were done with the full knowledge of the top executives of the company.

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/ 30 January 2006

Judgement day arrives for Enron chiefs

Judgement day arrived for Enron’s two former chief executives on Monday, about four years after the fraud that rocked the corporate world. Kenneth Lay and Jeffrey Skilling were set to go on trial in Houston federal court, facing hefty prison terms for securities fraud and conspiracy in connection with the 2001 meltdown of the energy giant that was one of the largest United States corporations.

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/ 19 October 2005

Blogs take giant step toward the mainstream

Internet blogs are getting a boost from the big search engines, which make the personal journals more accessible and move them toward mainstream journalism, analysts say. Yahoo this month said it would include blogs on all its news searches, saying it would give readers more access to "grassroots journalism."