Eastern Europe

China's high-speed rail plans get more ambitious by the day.  Not satisfied with having the world's most advanced and extensive rail line in the world, China is now planning to connect its rail system to 17 other countries in Asia and Eastern Europe where it will join the European rail network.

Lenovo Group expects wireless Internet products to account for up to 80 percent of its sales within five years as it pursues expansion in faster-growing emerging markets, CEO Yang Yuanqing said Friday.

Lenovo, the world's fourth-largest personal computer maker, jumped into the mobile Internet market in January with the unveiling of a smart phone and two Web-linked portable computers.

Ta-Nehisi Coates posts

Ta-Nehisi Coates posts

Ta-Nehisi Coates posts

IT industry, get ready to rejoice. According to two new reports, 2010 is going to be a good year. A report from Forrester Research and a soon-to-be-released survey from Information Technology Intelligence Corp. (ITIC) point to a recovery for IT.

The Forrester study said U.S. spending on IT will grow 6.6 percent this year to about $570 billion, following an 8.2 percent decline in 2009. On a global level, the report predicts a rise of 8.1 percent to more than $1.6 trillion.

The FBI is investigating a hacker attack on Citigroup Inc. that led to the theft of tens of millions of dollars, The Wall Street Journal reported Tuesday.

Citing anonymous government officials, the Journal reported that the hackers were connected to a Russian cyber gang. Two other computer systems, at least one connected to a U.S. government agency, were also attacked.

The FBI is investigating a hacker attack on Citigroup Inc. that led to the theft of tens of millions of dollars, The Wall Street Journal reported Tuesday.

Citing anonymous government officials, the Journal reported that the hackers were connected to a Russian cyber gang. Two other computer systems, at least one of connected to a U.S. government agency, were also attacked.

by Richard Eskow