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Microsoft

A Davenport, Iowa, man was arrested and charged with sending e-mails directing Internet users to a bogus Web address resembling a Microsoft site to obtain credit-card numbers and other personal information.


Police arrested Jayson Harris on Monday and charged him with wire fraud, said Jeff Tarpinian, a Federal Bureau of Investigation spokesman in Omaha. Harris was released without bail, and the FBI is investigating what he did with the information he had collected, Tarpinian said.


Neither Harris nor his lawyer could be reached for comment.


Tim Cranton, a senior attorney and director of Internet Safety at Microsoft, said the company first filed a lawsuit against an anonymous defendant to get court approval for an investigation into the “phishing attack,” the term for e-mails that appear to come from legitimate sources seeking financial information. The investigation led Microsoft to Internet service providers in India, San Francisco, Austria and eventually to Harris in Davenport. After locating Harris, the company turned the investigation over to the FBI.


Boeing

Shanghai Airlines orders 2 767 jets


Shanghai Airlines, a Chinese regional carrier, said it ordered two 767-300ER jets from Boeing valued at a combined $256 million based on the list price.


The company will take delivery of the passenger jets next year, Shanghai Airlines told the Shanghai Stock Exchange today, without giving more details.


Nation / World

Intel

3 new chips focus on low energy use


Intel showed off three microprocessors yesterday based on a next-generation technology that tries to maximize performance and power efficiency while minimizing electricity bills.


At the Intel Developer Forum, CEO Paul Otellini demonstrated notebooks, desktop PCs and servers running the chips, code-named Merom, Conroe and Woodcrest. Like Intel’s current Pentium D, each will have two computing engines, or cores, on a single chip.


Intel and the rest of the industry have been focusing less on raw speed and more on efficiency recently. After years of ratcheting up clock speed of a single core for better performance, newer chips divide the workload between two cores but run at a lower speed. The new chips are expected to become available in the second half of 2006.

Pier 1 Imports

Slow sales prompt warnings of loss


Home-furnishings retailer Pier 1 Imports yesterday warned of a bigger-than-expected loss in its fiscal second quarter because of falling sales. Its shares tumbled 5.8 percent.


The store forecast a loss of 12 cents to 14 cents in the quarter ended Aug. 27, compared to a profit of 12 cents a share a year ago.


Analysts expected a second-quarter loss of 6 cents per share.


Compiled from Bloomberg News and The Associated Press