(Associated Press Via Acquire Media NewsEdge) Mexico agency confirms $1B fine for Slim's companyMEXICO CITY (AP) _ Mexico's antitrust agency confirmed Sunday that it levied a $1 billion (12 billion peso) fine against the Mexican cellphone subsidiary of tycoon Carlos Slim and ordered it to stop unfair practices. The Federal Competition Commission said it found that Slim's Telcel business engages in "relative monopolistic practices" by overcharging competitors to connect calls to Telcel users.
The lawyer behind the $10B haul for Madoff victimsNEW YORK (AP) _ Everyone's mad at Irving Picard. To be fair, his job is thankless: He's the court-appointed bloodhound in charge of hunting down money for the victims of Bernard Madoff, a man who was so skilled at hiding money that he kept the biggest scam in the history of American finance going for at least two decades.
Sony 'rebuilding' PlayStation Network after outageNEW YORK (AP) _ Sony Corp. said it is rebuilding its PlayStation Network to bring it back online after an "external intrusion" caused it to suspend the service. The company said it turned off the service, which lets gamers connect in live play, so that it could strengthen its network infrastructure. Qriocity _ the company's online entertainment platform _ was also affected.
Libyan rebel oil production down for 4 more weeksBENGHAZI, Libya (AP) _ Libyan rebels fighting Moammar Gadhafi won't be able to produce more crude oil for at least another four weeks and are taking steps to conserve precious supplies of fuel and money, the top oil official in the breakaway east said Sunday. The rebels need to repair equipment to pump oil from two key fields in the rebel-controlled east, Messla and Sarir, that were damaged in fighting, said Wahid Bughaigis, who serves as oil minister for the rebels.
Lambert to be fully operational by midweekNEW YORK (AP) _ Flights partially resumed out of Lambert Airport Sunday after the area's most powerful tornado in decades ripped off part of the roof and shattered hundreds of windows at the main terminal. The airport expects all 256 daily departures to be back on schedule by the middle of the week. About 60 percent of the daily departures were slated to take off on Easter Sunday, as area residents were still sorting through the debris and rubble.
Workers recovered body of trapped Idaho minerBOISE, Idaho (AP) _ The operator of a northern Idaho silver mine says workers have recovered the body of a miner who was trapped when a tunnel collapsed nine days ago. Hecla Mining Co. says the body of 53-year-old Larry Marek was discovered Sunday afternoon.
How S&P's warning could actually help US debtNEW YORK (AP) _ A warning from Standard & Poor's that mounting debts put the U.S. government's credit rating at risk blindsided markets last Monday. The Dow Jones industrial average lost more than 240 points in the morning before recovering. It was the worst one-day drop for stocks since fears over a nuclear meltdown in Japan sent investors into hiding on March 16. The response made sense. A downgrade of U.S. debt, after all, could turn into an economic calamity. Here's the surprising part: After a quick dip, prices for U.S. government debt began rising.
NY case underscores Wi-Fi privacy dangersBUFFALO, N.Y. (AP) _ Lying on his family room floor with assault weapons trained on him, shouts of "pedophile!" and "pornographer!" stinging like his fresh cuts and bruises, the Buffalo homeowner didn't need long to figure out the reason for the early morning wake-up call from a swarm of federal agents. That new wireless router. He'd gotten fed up trying to set a password. Someone must have used his Internet connection, he thought.
Dubai group looking to buy Afghan bankDUBAI, United Arab Emirates (AP) _ A Dubai-based conglomerate is seeking approval to buy a bank in Afghanistan as authorities there try to restore confidence in the scandal-tainted financial industry. The CEO of Alokozay Group's Afghan operations said in an interview Sunday the family company sees "great potential" in the nation's banking sector despite decades of war and the near collapse of the country's largest private lender amid corruption problems last year.
Global automakers unveil local China brandsSHANGHAI (AP) _ Some of the new Chinese cars unveiled at this week's Shanghai Auto Show are affordable for millions of buyers _ a happy development for Beijing that might prove costly for the global automakers producing them. General Motors Co. unveiled the 630 sedan, the first model from its new Baojun badge developed with Chinese joint venture partners. The four-door is based on an older GM car and will have a sticker price of 70,000 to 100,000 yuan ($10,700 to $15,300).
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