New York - Maurice Greenberg, a major AIG shareholder who founded and led the insurance giant American Insurance Group until 2006, says the terms of the 123-billion-dollar US government bail-out are unfair and could lead to destruction of the company.
In a letter posted Tuesday at the Securities Exchange Commission, Greenberg pushed AIG chief Edward Liddy to renegotiate the deal with the government.
San Francisco - The internet giant Google is to appeal two German court decisions that found it violated copyright law by showing thumbnails of works by two artists in search results, PC World reported Tuesday.
The cases involved Google's Image Search feature in its search engine. The courts ruled that showing thumbnails of the images in its results list was a violation of copyright laws.
New York - Discover Financial Services Tuesday settled an 18-billion-dollar antitrust lawsuit at the last minute against its larger competitors Visa Inc and MasterCard Inc over charges the two companies had blocked banks from issuing its cards.
The deal, the terms of which were not announced, was sealed as jury selection was set to begin in Manhattan federal court.
Bloomberg financial news service quoted UBS AG analyst Adam Frisch as saying the case settled for about 2.8 billion dollars.
San Francisco - Apple unveiled a new line of Macbook laptop computers Tuesday, bringing prices down at the same time as improving function and design.
The two most prominent new features of the new line-up are powerful new graphics capabilities provided by Nvidia chips that replace integrated Intel graphics chips that were used previously. Apple CEO Steve Jobs said the new chips improved graphics performance by a factor of five.
Jobs also touted a new manufacturing process that allows the laptop cases to be made from a single block of aluminium.
Washington - The United States cautiously welcomed Syria's formal establishment of diplomatic relations with Lebanon on Tuesday.
US State Department spokesman Sean McCormack said the two neighbouring countries still must define final borders. He also cautioned that "behavior beyond just setting up these embassies and establishing diplomatic relations also matters."
Syrian President Bashar al-Assad issued an order Tuesday cementing diplomatic ties and announcing plans to set up an embassy in Beirut and exchange ambassadors.
New York - Maurice Greenberg, a major AIG shareholder who founded and led the insurance giant American Insurance Group until 2006, says the terms of the 123-billion-dollar US government bail-out are unfair and could lead to destruction of the company.
San Francisco - The internet giant Google is to appeal two German court decisions that found it violated copyright law by showing thumbnails of works by two artists in search results, PC World reported Tuesday.
New York - Discover Financial Services Tuesday settled an 18-billion-dollar antitrust lawsuit at the last minute against its larger competitors Visa Inc and MasterCard Inc over charges the two companies had blocked banks from issuing its cards.
San Francisco - Apple unveiled a new line of Macbook laptop computers Tuesday, bringing prices down at the same time as improving function and design.
Washington - The United States cautiously welcomed Syria's formal establishment of diplomatic relations with Lebanon on Tuesday.
