Business

8:37am

Mon January 30, 2012
The Two-Way

Megaupload Users May Lose Files Stored On Service

Originally published on Mon January 30, 2012 8:41 am

Megaupload founder Kim Dotcom at a North Shore court in Auckland. Dotcom was denied bail in New Zealand with a judge saying he was concerned the Internet tycoon's vast wealth meant he could flee the country if released from custody.
AFP/Getty Images

Many of the files stored by the millions of users of the cloud service Megaupload could begin losing their files on Thursday. The AP reports that federal prosecutors said Megaupload paid third parties to store data and now that authorities have freezed Megaupload's accounts, it can no longer pay those providers. The providers said they would begin deleting files as early as Thursday.

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6:44am

Mon January 30, 2012
The Two-Way

In December, Personal Income Saw Biggest Gain In 9 Months

Originally published on Mon January 30, 2012 6:45 am

In December, personal income climbed 0.5 percent, while disposable income rose 0.4 percent. New figures released today from the Commerce Department also show that consumer spending was flat, increasing 0.1 percent from the month before.

While the AP reports that rise in income was the most in nine months, the news is a mixed bag.

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3:01am

Mon January 30, 2012
Your Money

Freddie Mac Betting Against Struggling Homeowners

Originally published on Thu March 27, 2014 7:53 am

One of Freddie Mac's restrictions blocks people who have a short sale in their past from refinancing for two to four years following the short sale.
Rich Pedroncelli AP

Freddie Mac, a taxpayer-owned mortgage company, is supposed to make homeownership easier. One thing that makes owning a home more affordable is getting a cheaper mortgage.

But Freddie Mac has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica, an independent, nonprofit newsroom.

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10:01pm

Sun January 29, 2012
Your Money

Employees To Face 'Term Limits' At Casino

Originally published on Mon January 30, 2012 6:44 am

The new Revel casino, which sits along the boardwalk in Atlantic City, has drawn criticism for its employment policies.
Emma Jacobs WHYY

A new casino set to open in Atlantic City, N.J., has announced it will set term limits for its front-line staff. When employees' terms run out, they'll have to go through the hiring process again. The casino says the policy will keep its service fresh. Others say the company is taking advantage of a tough job market.

From bellhops to dealers, employees of the new casino — called Revel — will be hired for terms from four to six years. After that, they have to reapply for their jobs and compete against other candidates.

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3:28pm

Sun January 29, 2012
Digital Life

Public Or Private: Keeping Google From Being 'Evil'

A sign for Google is displayed behind the Google android robot, at the National Retail Federation, in New York. The announced changes to Google's privacy policy has drawn both positive and negative attention.
Mark Lennihan AP

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