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Economics
Verizon Nexus One is Dead, but That's Okay
Ever since Google announced back in January that it would be selling be a Verizon Wireless-compatible Nexus One in the spring, I've known people who planned their whole smartphone-buying strategy around that fact. As of January, the Nexus One was the hottest Android handset on the market, and plenty of folks swear by Verizon. It sounded like a match made in heaven-or at least a potentially attractive combination,
Well, spring has sprung, and it sounds like the Verizon Nexus turned out to be DBA (Dead Before Arrival): Bloomberg is reporting that the handset has been scrapped. It's not entirely clear why-the story begins by saying that Verizon "retreated" from being involved with the Nexus One, but then it quotes a Google spokesperson saying that Google decided to skip it because of "amazing innovation happening across the open Android ecosystem," and a Verizon spokesperson who seems to say that the carrier is still interested. Maybe it was a mutual decision.
From the left, a push to get tougher on Wall St.
WASHINGTON
Some want the legislation changed to break up the nation's six biggest banks. Others would be content to restrict banks' ability to engage in speculative trading or to return to Depression-era rules that walled off
To the chagrin of bankers and the White House, they could win some votes as the Senate this week begins considering amendments to a bill that Obama and lawmakers promise would prevent a repeat of the financial collapse two years ago, which set off the worst economic crisis since the Great Depression.
BP chief Tony Hayward 'set to stand down'
{jcomments off}BP's chief executive Tony Hayward is expected to stand down following widespread criticism of his handling of the
He is likely to be replaced by his American colleague, Bob Dudley, who has taken charge of the clean-up operation.
Disney gives sneak peek of new Hawaii resort
{jcomments off}KAPOLEI,
The Walt Disney Co. on Friday gave a peek of its sprawling, beachside Hawaiian resort that is under construction and scheduled to open next year.
Disney sells Miramax film studios
{jcomments off}Entertainment giant Walt Disney has announced the sale of its Miramax film division for about $660m to a group of private equity investors.
The investors, Filmyard, includes construction magnate Ron Tutor and investment firm Colony Capital.
Disney has been negotiating with potential buyers for months to sell the division, which has made films such as Pulp Fiction and Shakespeare in Love.