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Brazil leader wants Internet to be run 'by all'

Brazil's President Dilma Rousseff took aim at US dominance of the Internet Wednesday, appealing for a new system that would make running of the online world "open to all." Rousseff had called a two-day NetMundial meeting in a bid to curb abuses following the furore sparked by allegations of US spying revealed in documents leaked by former intelligence contractor Edward Snowden.

Oil prices fall after US stockpiles hit record

Oil prices fell on Wednesday as US commercial crude-oil stockpiles hit an all-time high on the strength of production in the world's biggest oil-consuming country. New York's main contract, West Texas Intermediate (WTI) for delivery in June, fell 31 cents on its first day of trade to $101.44 a barrel. Brent North Sea crude for June shed 16 cents to finish at $109.11 a barrel in London. The US Department of Energy reported commercial crude-oil stocks rose 3.5 million barrels to 397.7 million barrels for the week ended April 18.

Pakistan raises $1.1 billion with 3G, 4G licence auction

Pakistan on Wednesday raised more than $1.1 billion in its long-delayed auction of next-generation telecommunications licences, snapped up by the country's four existing mobile network providers. The government sold off four licences to provide 3G services, which allow broadband-speed internet on mobile phones, and one for superfast 4G connections. The total is close to the $1.2 billion estimated for the sale in the federal budget for 2013-14 but below a bullish prediction of $2 billion made by Finance Minister Ishaq Dar in January.

Amazon's eroding tax advantage, bid to sustain growth in focus in first quarter

By Deepa Seetharaman SAN FRANCISCO (Reuters) - Inc's quarterly results on Thursday may heighten worries that its edge over online and even traditional brick-and-mortar rivals is narrowing as it charges sales tax in more states, curtailing growth in its core business.

Aspirin's benefit in preventing colon cancer depends on DNA

By Sharon Begley NEW YORK (Reuters) - Cancer is the first disease where physicians have personalized treatment, matching a tumor's genetics to the appropriate chemotherapy, and now it may be the first in which prevention, too, can be personalized.

Ovation guitar factory in Connecticut closing this summer after 47 years

HARTFORD, Conn. - An Ovation guitar factory in the western Connecticut hills that produced instruments for music legends from Paul Simon to Cat Stevens to Glen Campbell will be closing in June after 47 years and production of the Ovation line in the United States will stop, the manufacturer's parent company told the shop's 46 workers this week. One former factory worker called it "the end of an iconic American brand."

Valeant to replace three board members; Allergan adopts poison pill defence

Valeant Pharmaceuticals International says three of its directors will not stand for re-election this year as it pursues the acquisition of Botox maker Allergan, which has adopted a "poison pill" defence while it considers the offer. The announced departures come after Valeant (TSX:VRX, NYSE:VRX) teamed with activist investor Bill Ackman to make a hostile takeover offer for Allergan (NYSE:AGN), which has since announced it has erected a shareholder rights plan that will allow its board time to consider alternatives and potentially block the bid.

AOL to add Miramax films to video platform for free ad-supported viewing

NEW YORK, N.Y. - Web portal AOL Inc. says it will license full-length movies from Miramax for free viewing with advertisements by its U.S. visitors. AOL didn't say which movies it would offer but said they would be refreshed monthly and span a range of genres. They will play on its AOL On Network, the website operator's destination for online video. AOL says it is the one of the top three video destinations in the U.S. with 1.31 billion views and 3.8 billion online ads in March.

Nova Scotia is talking about economic development report, Ray Ivany says

ANTIGONISH, N.S. - The head of a five-member panel that produced a report calling for urgent action to improve Nova Scotia's economy says he's pleased with the reaction to its findings. Ray Ivany says the report has prompted discussions across Nova Scotia about the challenges facing the province. The report, released in February, says the province is doomed to endure an extended period of decline unless population trends are reversed and suspicious attitudes about business are changed.

New Halifax convention centre to get new management structure under legislation

HALIFAX - A new convention centre scheduled to open in Halifax in 2016 would have a new corporate management structure under legislation introduced by the Nova Scotia government. Under the new Halifax Convention Centre Act, the province and the Halifax Regional Municipality would establish a corporation to manage and operate the facility and they would jointly appoint a board of directors. Economic Development Minister Michel Samson says the 10-member board would set and implement the strategic direction for the corporation.
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