Alphabet balloon project to provide limited internet in Puerto Rico

Alphabet balloon project to provide limited internet in Puerto RicoExperimental communications balloons provided by Alphabet Inc in collaboration with AT&T Inc will allow some of the carrier's customers in storm-ravaged Puerto Rico to send texts and access critical information on the internet, Alphabet said on Friday. Alphabet said the "Project Loon" balloon project would deliver limited internet connectivity to LTE enabled phones in the hardest-hit areas of Puerto Rico. The island's wireless and broadband communications networks were devastated after Hurricane Maria made landfall last month.



U.S. court blocks immigrant teen's bid to obtain abortion

U.S. court blocks immigrant teen's bid to obtain abortionBy Lawrence Hurley and Ian Simpson WASHINGTON (Reuters) - A U.S. appeals court on Friday prevented a pregnant teen detained by the government as an illegal immigrant from immediately obtaining an abortion while leaving open the possibility that she could undergo the procedure within days. The decision by a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit on a 2-1 vote gave the government until Oct. 31 to approve a sponsor who could help her obtain the procedure without the government's assistance.



Florida programmer sentenced to 16 months for bitcoin exchange scheme

Florida programmer sentenced to 16 months for bitcoin exchange schemeBy Brendan Pierson NEW YORK (Reuters) - A Florida software engineer was sentenced to 16 months in prison on Friday after being found guilty of scheming to help an illegal bitcoin exchange avoid having banks and regulators look into its activities. Yuri Lebedev was sentenced by U.S. District Judge Alison Nathan in Manhattan, according to Nicholas Biase, a spokesman for federal prosecutors. The bitcoin exchange involved in the case, Coin.mx, was linked to an investigation of a data breach at JPMorgan Chase & Co, revealed in 2014, that exposed more than 83 million accounts.



Creditors win closely watched appeal in Momentive bankruptcy

Creditors win closely watched appeal in Momentive bankruptcyA U.S. appeals court in New York on Friday ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker Momentive Performance Materials, reversing a decision that had sparked alarm among lenders. The ruling by the 2nd U.S. Circuit Court of Appeals found the U.S. Bankruptcy Court in White Plains, New York, erred by not using market rates to determine the interest paid on new notes Momentive forced on holders of about $1.25 billion of secured notes. The replacement notes carried much lower rates, which were set by the court using a formula developed in a consumer bankruptcy case involving a subprime loan for a used truck.



Lawyer charged alongside Martin Shkreli goes on trial

Lawyer charged alongside Martin Shkreli goes on trialJurors were presented with a stark choice during opening statements Friday in the trial of Evan Greebel, the lawyer charged with conspiracy alongside former drug executive Martin Shkreli: was he Shkreli's "right hand man," or a victim of his deceit? Assistant U.S. Attorney David Kessler told jurors that Greebel helped Shkreli steal millions of dollars from his drug company, Retrophin Inc, to pay back investors in two failed hedge funds run by Shkreli, MSMB Capital and MSMB Healthcare. "The defendant had become Martin Shkreli's right hand man," Kessler said.





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