Lawyer says Goldman failed speech software “geniuses”

BOSTON (Reuters) – Goldman Sachs bankers failed to raise red flags about Lernout & Hauspie‘s accounting irregularities more than a decade ago, costing speech recognition software pioneers at Dragon Systems nearly all of their life’s work and about $ 600 million, a lawyer told a jury on Monday in federal court.“They were relying on Goldman to take care of them and whether or not they should be...

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Egypt army given temporary power to arrest civilians

CAIRO (Reuters) – Egypt’s Islamist president has given the army temporary power to arrest civilians during a constitutional referendum he is determined to push through despite the risk of bloodshed between his supporters and opponents accusing him of a power grab.Seven people were killed and hundreds wounded last week in clashes between the Islamist Muslim Brotherhood and their critics besieging Mohamed...

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Top 10 Tech This Week

1. Here Comes the First Real Alternative to iPhone and AndroidJolla, a Finnish startup, launched a new mobile OS called Sailfish, which the company believes will become a legitimate alternative to the Coke and Pepsi of smartphone platforms: Apple’s iOS and Google’s Android. Learn more about the new OS.Click here to view this gallery.[More from Mashable: Jimmy Fallon and Mariah Carey Take on ‘All I...

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British TV astronomer Patrick Moore dies

LONDON (Reuters) – British astronomer Patrick Moore, who helped map the moon and inspired generations of star gazers with decades of television broadcasts, died on Sunday aged 89.Moore presented BBC television‘s landmark “The Sky at Night” program for more than 50 years, making him the longest-running presenter of a single show in broadcasting history.His old-fashioned appearance and rapid-fire delivery...

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Health workers march in Spain’s capital against cuts, reforms

MADRID (Reuters) – Thousands of health workers, on strike since last month, marched on Sunday in Madrid to protest against budget cuts and plans from the Spanish capital’s regional government to privatize the management of public hospitals and medical centers.It was the third time doctors, nurses and health workers have rallied since the local authorities put forward a plan in October to place six...

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China reports strong economy data

9 December 2012 Last updated at 06:49 ETChina’s economic growth rate may be gathering pace again, as the government released strong industrial output and retail sales figures.Industrial production rose by 10.1% in November, compared with a year earlier, according to the official data from the National Bureau of Statistics.This was better than expected, and the strongest performance since March.At...

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EU leaders in Norway to pick up Nobel Peace Prize

OSLO, Norway (AP) — European Union leaders on Sunday hailed the achievements of the 27-nation bloc, but acknowledged they need more integration and authority to solve problems, including its worst financial crisis, as they arrived in Norway to pick up this year’s Nobel Peace Prize.Conceding that the EU lacked sufficient powers to stop the devastating 1992-95 Bosnia war, European Commission President...

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Are Online Degrees as Valuable as Traditional College Diplomas?

Millennials are the first generation to grow up with constant technology and personal computers. That might explain why they see such a value in online education.A recent poll by Northeastern University showed that 18 to 29 year olds had a more negative view about attending college because of the high cost, and a more positive opinion about online classes than their older counterparts. The survey...

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Pfizer/Bristol drug cuts recurrence of blood clots – study

(Reuters) – A new blood clot preventer from Pfizer Inc and Bristol-Myers Squibb Co reduced the risk of recurrence of clots in veins and lungs and death by 80 percent with no increase in major bleeding in a study testing extended use of the drug.In the year-long trial of 2,486 patients who had been previously treated for the condition known as venous thromboembolism (VTE) the drug, apixaban, met the...

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Berlusconi says will run for Italian leadership again

ROME (Reuters) – Silvio Berlusconi said on Saturday he will stand to lead Italy for a fifth time, challenging the leftist frontrunner a year after being forced to resign amid a sex scandal and a debt crisis.The 76-year-old media tycoon, facing possible jail time for tax fraud and a trial for having sex with an underage prostitute, had hinted for months he might make a comeback in an election in about...

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