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Rich Get Richer in ‘Hot News’ Stock Tip Fight

A well-known financial news aggregator is being ordered by a federal judge to delay publication of prominent financial analysts’ buy and sell recommendations to allow the well-to-do the first crack at capitalizing on that trading research. The 3-year-old litigation, brought by Barclays Capital, Merrill Lynch, Morgan Stanley and others, rests on the so-called “hot news” doctrine the Supreme Court first recognized in a 1918 case concerning the unauthorized and immediate republication of wire service reports. A New York federal judge said Theflyonthewall breached the doctrine, which allows suits for re-reporting time sensitive “hot news.” Research that Theflyonthewall reposted or alluded to on its site was designated for the banks’ clients that earn the firms not less than $50,000 to $100,000 in trading commissions yearly, U.S.

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Friday, March 19th, 2010 P2P News No Comments

Your life will some day end; ACTA will live on

The Anti-Counterfeiting Trade Agreement (ACTA) isn’t just another secret treaty—it’s a way of life. If ACTA passes in anything like its current form, it will create an entirely new international secretariat to administer and extend the agreement. Knowledge Ecology International got its hands on more of the leaked ACTA text this week , including a chapter on “Institutional Arrangements” that has not leaked before.

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Friday, March 19th, 2010 P2P News No Comments

Google reportedly to part ways with China on April 10

April 10: General Robert E. Lee’s last address to Confederate troops, the Titanic’s departure from Southampton, England, my friend Jake’s birthday, and now, Google’s rumored pull-out date in China. The company is preparing to announce its decision as soon as March 22, according to an anonymous source speaking to the China Business News, though it likely won’t be the end of the company’s operations in the region.

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Friday, March 19th, 2010 P2P News No Comments

Amazon threatens more publishers with freeze-out over prices

Earlier this year, Amazon found itself in a showdown over e-book pricing with publisher Macmillan, which wanted the ability to set pricing for its works. Amazon initially pulled all of Macmillan’s titles off its virtual shelves but, a few days later, conceded there was little it could do —Macmillan’s works went back on sale, and Amazon apparently gave up on trying to force its prices on the company. Despite that rousing lack of success, reports are now indicating that several other publishers may get the same treatment, as Amazon is threatening to stop selling their works as well.

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Friday, March 19th, 2010 P2P News No Comments

Sky 3D to go live on 3 April in ‘thousands’ of pubs

First match: Man U vs Chelsea Sky’s 3D TV channel will kick off on Saturday, 3 April will the Barclays Premier League match pitching Manchester United against Chelsea, the satellite broadcaster said today.…

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Friday, March 19th, 2010 P2P News No Comments