Business News for Sunday May 1, 2011

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Amazon apologizes for outage SEATTLE (UPI) -- Seattle-based Amazon has offered businesses inconvenienced by its Web outage a 10-day credit for Web services and storage. The online retailing company also apologized, The Wall Street Journal reported. It also posted a lengthy explanation of what caused the problem on its Web site. "We want to apologize," Amazon said. "We know how critical our services are to our customers' businesses and we will do everything we can to learn from this event and use it to... Continue Reading... Post a Comment | Share Dorgan: Little to be done about costly gas WASHINGTON (UPI) -- At least one former U.S. Democratic senator says there is very little Congress can do to rein in gas prices. "Every time Americans have to shell out $60 or $80 to fill their tanks, they mutter under their breaths about government and it puts pressure on Congress and the White House to do something," said North Dakota's Byron Dorgan, now co-chairman of a project on energy at the Bipartisan Policy Center in Washington. "But it's just howling at the moon. ... Continue Reading... Post a Comment | Share Lawsuits have started in Sony hacking LOS ANGELES (UPI) -- The hacking of Sony Corp.'s PlayStation Network could cost the Japanese company $1.5 billion, an expert says. Larry Ponemon, founder of Ponemon Institute, told The Wall Street Journal that total includes the company's investigation as well as deploying employees to assisting people whose data may have been compromised. About 77 million accounts may have been put at risk. The lawsuits have already started. "Sony broke its contract and ... Continue Reading... Post a Comment | Share Advertisement Why pay over $90 a month for Cable or Sat.TV services? Download A TV! BareLifts - Lifts & Firms! The Invisible Solution For A Naturally Perky Look Consumer Corner: Gambling no economic cure For those who don't have the time or inclination to travel to Las Vegas or Atlantic City, N.J., or even the nearest Indian or riverboat casinos, the Internet has provided an easy-to-get-to venue for trying their luck. But the federal government is trying to shut down the online gambling industry and at least one expert says that's a good thing that needs to go further. "When we talk about online gambling, we're not talking about fun and games. We're talking about real trouble for ... Continue Reading... Post a Comment | Share     More Headlines • FDIC closes five U.S. banks • MIT gets majority of Bose Corp. • EU probing banks over derivatives • Buffett discusses former aide's ouster     More News From ArcaMax Current News Entertainment News Business News Sports Political News Weird News Religious News Lifestyles

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