China extends anti-piracy penalties 

China has extended criminal penalties for music and movie piracy to people caught with smaller amounts of DVDs or CDs after foreign complaints that enforcement was too lenient. The Supreme People’s Court cut in half the number of counterfeit DVDs or CDs that trigger criminal penalties. Anyone caught with 500 pirated discs will face criminal prosecution instead of fines.

Apple iPods

Apple Inc. has sold 100 million iPod media players in the 5½ years since CEO Steve Jobs unveiled the device. The sales make the iPod the fastest-selling music player in history, Cupertino-based Apple said. The iPod accounted for 48 percent of Apple’s revenue in the holiday quarter. It is the best-selling music player in the U.S. with a more than 70 percent share of the market.

Stocks end flat

Wall Street ended an erratic session essentially flat Monday as investors grew anxious about upcoming first-quarter earnings and the possibility that interest rates won’t be declining anytime soon. A $2 drop in oil prices lent support to the major indexes.

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Staff Report

Staff Report

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A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
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