The government had details on both the suspected bomber, Umar Farouk Abdulmutallab, and plans by an al-Qaeda-affiliated group in Yemen to strike U.S. targets, Obama said. He blamed a breakdown in intelligence-sharing among agencies. The plot was foiled when the explosives failed to ignite and passengers and crew aboard the flight on Dec. 25 took action.
“The U.S. government had sufficient information to have uncovered this plot and potentially disrupt the Christmas Day attack,” Obama said at the White House yesterday after meeting with senior advisers. “This - - - - >

Venture funds stung by the recession are “moving away from the early stage” and toward less risky, later deals for young technology companies, Ashish Patel, Intel Capital managing director for Europe, the Middle East, and Africa, said in an interview in London. Intel Capital has about $2 billion under management.
In the U.K. alone, investments in young, high-growth companies fell 23 percent in the first nine months from a year earlier to 593 million pounds ($967 million), according to the British Private Equity and Venture Capital Association. - - - - >

Prosecutors, using secretly recorded phone conversations for the first time against hedge funds, alleged Oct. 16 that billionaire Raj Rajaratnam and five others made $20 million by swapping material inside information on companies such as Hilton Hotels Corp. and Google Inc. They may charge at least 10 more people soon, people familiar with the matter said last week.
Rajaratnam, founder of New York-based Galleon Group LLC, regularly talked to hundreds of contacts, including other traders, according to people who know him. His arrest rattled hedge-fund managers, who - - - - >

Prosecutors, using secretly recorded phone conversations for the first time against hedge funds, alleged Oct. 16 that billionaire Raj Rajaratnam and five others made $20 million by swapping material inside information on companies such as Hilton Hotels Corp. and Google Inc. They may charge at least 10 more people soon, people familiar with the matter said last week.
Rajaratnam, founder of New York-based Galleon Group LLC, regularly talked to hundreds of contacts, including other traders, according to people who know him. His arrest rattled hedge-fund managers, who - - - - >

The European Commission will rule this week on charges that Intel impeded competition and harmed consumers by muscling out Advanced Micro Devices Inc. from the chip market. The penalty could double the record 497 million-euro fine against Microsoft Corp. in 2004 for abusing its monopoly in personal computer operating systems, said Thomas Graf, an antitrust lawyer at Cleary, Gottlieb, Steen & Hamilton LLP in Brussels.
“There is a good chance that there could be a record fine for an abuse of dominance case, and that it could - - - - >

After all, the markets last promising rally was derailed not by jobs data or an emergency federal bailout but by forecasts from companies that make everything from computer chips to tin cans to movies.
The S&P 500 jumped 182 points, or 24 percent, to 934 between Nov. 20 and Jan. 6. The next day, technology bellwether Intel Corp., aluminum producer Alcoa Inc. and media giant Time Warner Inc. all issu d grim earnings guidance. The S&P dropped 28 points, or 3 percent, that day and hasnt returned to its early January levels since.
The current rally also began with a company announcement. - - - - >