Bulls on the run in shortened trading week

NEW YORK (Reuters) – Bearish bets in the equity options market, coupled with an increasingly sour view from a technical perspective, suggest stocks will struggle to break from a vicious two-month downtrend next week.


Top NY state bureaucrats earn nearly $128,000/year

NEW YORK (Reuters) – Almost 5,000 bureaucrats who work for New York public authorities earned an average of $127,915 in 2009, according to the first report by an agency created to safeguard the public interest.

Undersea cable set to boost West Africa broadband

LAGOS (Reuters) – An eagerly-awaited submarine cable linking West Africa to Europe has gone live, paving the way for cheaper and more reliable internet access in one of the world’s fastest-growing telecoms markets, its operators said on Friday.

Apple says iPhones overstate signal strength

NEW YORK (Reuters) – Apple Inc came clean on Friday about an embarrassing software glitch that overstates network signal strength in its hot-selling iPhone, as complaints mounted about the phone’s wraparound antenna.

Gulf oil cleanup resumes, new drilling rules awaited

HOUSTON (Reuters) – Washington was preparing a revised offshore oil drilling moratorium and cleanup efforts in the Gulf of Mexico returned to normal on Friday after hurricane Alex passed through the region without doing major damage.