Financial News Thu May 24th 2012 – Etan Patz, Google vs. Oracle, Putin's Fear of Greece


Financial News Thu May 24th 2012 – Etan Patz, Google vs. Oracle, Putin’s Fear of Greece

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    The Wall Street Journal reports, New York City police detectives are questioning a new suspect in what is perhaps the city’s most famous missing-child case: the unsolved 1979 disappearance of 6-year-old Etan Patz. Etan disappeared on May 25, 1979, after leaving his family’s SoHo loft on Prince Street and walking what was supposed to be two blocks to his school bus stop. He never got on the bus that day. The suspect to whom police are speaking, Pedro Hernandez, isn’t someone whose name had come up as a possible suspect before, a law-enforcement official with knowledge of the case said. Friday, the 33rd anniversary of the day Etan went missing, was designated National Missing Children’s Day in 1983 by President Ronald Reagan.
    Reuters reports, a huge blow has been dealt to Oracle! A California jury decided, Google’s Android mobile platform has not infringed Oracle’s patents, putting an indefinite hold on Oracle’s quest for damages in a fight between the two Silicon Valley giants, over smartphone technology. In a case that examined whether computer language that connects programs and operating systems can be copyrighted, Oracle claimed Google’s Android tramples on its intellectual property rights, to the Java programming language. Google argued it did not violate Oracle’s patents and that Oracle cannot copyright certain parts of Java, which is a publicly available software language. For Oracle and its aggressive CEO Larry Ellison, the trial against Google over Java, was the first of several scheduled this year against large competitors. Another trial is set to begin next week between Oracle and Hewlett-Packard over the Itanium microprocessor.
    Bloomberg reports, Russia’s new old president, Vladimir Putin faces the risk of Russia’s political stability being shaken if Greece leaves the euro area, triggering a global crisis and sinking the price of oil, according to the Center for Strategic Studies in Moscow. There’s a more than 50 percent chance of a Greek exit, which would lead to more countries pulling out of the currency union, Mikhail Dmitriev, the research institute’s head, said in an interview yesterday. Russia’s main risks are a worsening economy, which would swell anti-Putin sentiment, and increased political repression, according to a study published today by the institute, which advises the government.

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