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Technology

‘Tsunami’ of store closings predicted for US retailers

The experts who keep track of store openings and closings have been forecasting for more than a decade that the day was coming when American retailers would have to pay for building way too many stores.That day of reckoning, some say, has arrived, with one retail watcher predicting a "tsunami" ...

Samsung introduces free streaming radio service

NEW YORK -- Samsung on Friday unveiled a new free music service for its phones that it touts as a significant improvement from the apps already on the market.The South Korean gadget maker's Milk Music service, which launched in the U.S. on Friday, includes over 200 stations and 13 million ...

Tokyo bitcoin exchange files for bankruptcy

TOKYO -- The Mt. Gox bitcoin exchange in Tokyo filed for bankruptcy protection Friday and its chief executive said 850,000 bitcoins, worth several hundred million dollars, are unaccounted for.The exchange's CEO Mark Karpeles appeared before Japanese TV news cameras, bowing deeply. He said a ...

Zuckerberg has big dreams for WhatsApp and internet access

NEW YORK -- Mark Zuckerberg, known for his outsized ambitions for Facebook, is applying a similar long-term vision to bringing the Internet to the billons of people around the world who don't already have access.The 29-year-old CEO of Facebook Inc. discussed long-term plans for a world in which ...

Apple, Samsung fail to settle before March trial

SAN JOSE, Calif. -- Apple Inc. and Samsung Electronics Co. Ltd. have failed to settle their latest patent dispute despite a daylong meeting between top Samsung executives and Apple CEO Tim Cook hosted by a mediator earlier this month.The companies detailed the lack of progress in a court filing ...