- Putin declares Sochi Paralympics open amid Ukrainian protest
- ‘In Jesus name, we pray’ sparks ire at Ohio council meeting
- Navy’s first laser weapon ready for prime time; drone killer to deploy this summer
- Billionaire backer: Rick Santorum ‘needs to be heard’ in 2016
- Obamacare fallout: 49 percent pessimistic; 45 percent ‘scared’
- DHS accused of holding U.S. citizen at airport, using emails to pry into her sex life
- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
- U.N. warns of Muslim ‘cleansing’ in Central African Republic
- Senate blocks change to military sex assault cases
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Economy Briefs: VeriSign wins .com renewal, but can’t hike prices
NEW YORK — The federal government has cleared VeriSign Inc. to manage the databases that house “.com” domain names for another six years, but the company won’t be allowed to raise prices without approval.
Under the current contract, which expires Friday, VeriSign was guaranteed four price increases of up to 7 percent each on domain-name registrations. VeriSign sought a similar guarantee as part of the contract renewal, but the Commerce Department rejected it. The new contract freezes the annual price at the current $7.85 per name, barring special circumstances.
Anyone who wants a “.com” name can obtain one from various companies, which pay VeriSign $7.85 of what they collect on each name. The new contract lets VeriSign continue receiving those fees, but won’t guarantee more.
Buying Virgin is attractive to a carrier like Delta because of its potential to unlock more access to London's Heathrow Airport, a key international gateway. Virgin is the second-biggest airline there after British Airways.
Couple convicted of stealing GM’s trade secrets
DETROIT — A former General Motors engineer and her husband have been convicted of stealing trade secrets about hybrid technology for possible use in China.
Shanshan Du and Yu Qin were found guilty Friday by a federal jury in Detroit after a trial that lasted weeks. The government claimed Du sought a transfer while at GM to get access to hybrid-car technology and then copied documents until she accepted a severance offer and left the company in 2005.
Prosecutors told jurors that GM trade secrets were found on at least seven computers owned by the Oakland County couple. The government doesn’t think the information ever made it to China.
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By Tammy Bruce
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