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  Friday, 25 July 2008  
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Associated Press
AP Top Business News At 2:46 a.m. EDT
AP Top Business News At 2:46 a.m. EDT

  • China says has more people surfing the Web than US
    BEIJING (AP) -- China's booming Internet population has surpassed the United States to become the world's biggest, with 253 million people online despite government controls on Web use, according to government data reported Friday....

  • Creators of Scrabble knockoff on Facebook sued
    NEW YORK (AP) -- T-R-O-U-B-L-E could loom for a Scrabble knockoff that has become one of the most popular activities on Facebook....

  • Samsung's second-quarter net profit surges
    SEOUL, South Korea (AP) -- Samsung Electronics said Friday that second-quarter net profit surged 51 percent from the same period last year, amid strong performance in flat panels, televisions and mobile phones....

  • Oil rises above $126 after recent lows
    SINGAPORE (AP) -- Oil extended a rebound Friday, rising above $126 a barrel after several declines over the past two weeks, although the market remains weighed down by the belief that falling fuel demand does not justify the recent high prices....

  • Japanese Internet mogul found guilty in appeal
    TOKYO (AP) -- A Japanese appeals court upheld the conviction of flamboyant former Internet mogul Takafumi Horie on Friday in an ongoing case that has come to symbolize this nation's effort to deal with white collar crime at emerging dot-coms....


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