$10bn!! Now that is huge. But its normal considering that both the parties are big financial giants. Insurance group AIG is accusing Bank of America of “massive fraud” on bad mortgage debt. AIG alleges that BoA exaggerated the quality of the $28bn worth of mortgage-backed investment products it bought from the bank prior to the 2008 turmoil in the financial ... Read More »

Over 45,000 unionized Verizon employees are on strike over the new labor contract. Employees from all over the country went on strike on Sunday after negotiations with the telecommunications company over a new labor contract fizzled. The Communications Workers of America said negotiations in Philadelphia and New York stalled Saturday night after Verizon continued to demand more than 100 concessions ... Read More »

Anonymous has struck back after a long time. The are usually in the headlines every other day. This time they are for hacking U.S. police websites. They have hacked and stolen data over 10 gigabyte from the websites. Tim Mayfield, a police chief in Gassville, Arkansas, told The Associated Press that some of the material posted online — including pictures ... Read More »

The crashing Dow Jones Industrial Average index since the news of US debt deal and worries over slow growth and unemployment saw some light today on the news of Italy’s reform consolidation program. The Dow index lost almost 300 points since it opened today but after the rally in European markets and the news of Italy’s reform program that will ... Read More »

I am not talking about Jesus here. Maybe, the Jesus of the robot kind. Scientists claim they have developed an aquatic robot, one that can walk and run on water. Phew, scientists and their claims. So, lets look at their claims. An international team says that the microrobot mimics the amazing water-walking abilities of water strider — the long-legged insect ... Read More »

Whoa, talk about information overload. Scientists are now claiming that the human brain might have reached its full capacity and that we can’t get any more cleverer then we are now. Does that mean its end of human technological development? Well, no since we humans always tend to work in large groups and its always a joint effort rather than ... Read More »

Looks like AT&T is not happy with its heavy data usage users. They have planned to throttle the speeds for top 5% of heaviest unlimited data users. But, this really wouldn’t be a cause for concern for most of you AT&T users. AT&T says 98% of their data customers don’t even use more than 2GB. But, AT&T will be generous ... Read More »