Judge echoes Google critics in digital book ruling
As Google Inc. evolved from being an endearing startup to an Internet empire, the company has become used to critics depicting it as a copyright scofflaw and pushy monopolist. It’s different when the unflattering portrait is being drawn by a federal judge. This week’s ruling from U.S. Circuit Judge Denny Chin did more than complicate Google’s efforts to make digital copies of the world’s 130 million books and possibly sell them through an online book store that it opened last year. It also touched upon antitrust, copyright and privacy issues that are threatening to handcuff Google as it tries to build upon its dominance in Internet search to muscle into new markets..more
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Insurer shares shrug off Japan quake estimates
Insurer shares largely shrugged off the industry’s first round of damage estimates from this month’s earthquake in Japan, which may prove to be the world’s costliest disaster. Munich Re and Hannover Re, the world’s No.1 and No.3 reinsurers, pencilled in expected loss claims of 1.5 billion euros ($2.13 billion) and 250 million euros, respectively, from the March 11 quake, but said the estimates were subject to great uncertainty..more