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| Nasdaq to pay $10 million to settle SEC charges from Facebook snafu Wednesday, May 29, 2013 12:15 PM PDT  By Sarah N. Lynch WASHINGTON (Reuters) - Nasdaq OMX on Wednesday agreed to pay $10 million, the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes made during Facebook's initial public offering last year, U.S. securities regulators said on Wednesday. In its administrative proceeding against the stock exchange operator, the U.S. Securities and Exchange Commission said Nasdaq's "ill-fated decisions" on the day of the IPO led to a series of regulatory violations. ... Full Story | Top |
| Wearable technology emerging as major technology cycle -Meeker Wednesday, May 29, 2013 11:54 AM PDT SAN FRANCISCO (Reuters) - Wearable computing is emerging as the type of significant technology shift that will drive innovation in the way personal computing did in the 1980s or mobile computing and tablets are doing currently, said Kleiner Perkins Caufield & Byers partner Mary Meeker at the All Things D conference on Wednesday. While technology cycles generally last 10 years, she said wearables were coming on stronger and faster than is typical. ... Full Story | Top |
| Facebook says needs to improve response to hate speech Wednesday, May 29, 2013 10:29 AM PDT  NEW YORK (Reuters) - Facebook Inc admitted its systems to remove hate speech haven't worked as well as the company had hoped, amid reports that advertisers were pulling their brands off the social network in the face of a backlash from women's groups. In a blog post by its safety team late Tuesday, the company acknowledged there had been problems with removing content that would be considered examples of gender-based hate. ... Full Story | Top |
| Panel to review split ruling in Apple, Samsung patent fight Wednesday, May 29, 2013 08:18 AM PDT  WASHINGTON (Reuters) - A trade panel that specializes in patent cases will reconsider a split decision made by one of its judges in a long-running patent battle between Samsung Electronics Co Ltd and Apple Inc. The International Trade Commission said late Tuesday it would take a second look at an ITC judge's decision that Samsung had infringed one Apple patent for a text-selection feature in its smartphones and tablets. ... Full Story | Top |
| Google to license retailer ratings from STELLAService Wednesday, May 29, 2013 07:02 AM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - Google Inc agreed to pay to license retailer ratings from online rating service STELLAService as the world's largest Internet search company steps up competition with e-commerce giant Amazon.com Inc. STELLAService researches customer service quality at online retailers, measuring things like response times and the speed of product returns. ... Full Story | Top |
| U.S. accuses currency exchange of laundering $6 billion Wednesday, May 29, 2013 06:39 AM PDT  By Emily Flitter NEW YORK (Reuters) - U.S. prosecutors have filed an indictment against the operators of digital currency exchange Liberty Reserve, accusing the Costa Rica-based company of helping criminals around the world launder more than $6 billion in illicit funds linked to everything from child pornography to software for hacking into banks. The indictment unsealed on Tuesday said Liberty Reserve had more than a million users worldwide, including at least 200,000 in the United States, and virtually all of its business was related to suspected criminal activity. U.S. ... Full Story | Top |
| Amazon moving ahead with five original TV series Wednesday, May 29, 2013 06:06 AM PDT  By Alistair Barr SAN FRANCISCO (Reuters) - Amazon.com Inc said on Wednesday that it will make five original TV series, having used viewer feedback to pick the shows out of a group of 14 pilots filmed by the world's largest Internet retailer earlier this year. The chosen pilots are: "Alpha House", a political comedy starring John Goodman; "Betas", a comedy about start-up culture in Silicon Valley; "Annebots", a kids' show about robots; "Creative Galaxy", an animated art adventure series; and "Tumbleaf", another kids' show about a small blue fox named Fig. ... Full Story | Top |
| Apple CEO sees more 'gamechangers'; hints at wearable devices Tuesday, May 28, 2013 10:54 PM PDT  By Alexei Oreskovic and Poornima Gupta RANCHOS PALOS VERDES, Calif./SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook defended the company's record of innovation under his stewardship, saying he expected it would release "several more game changers" and hinting that wearable computers could be among them. "It's an area where it's ripe for exploration," Cook said on Tuesday at the All Things Digital conference, an annual gathering of technology and media executives in the California coastal resort town of Rancho Palos Verdes. "It's ripe for us all getting excited about. ... Full Story | Top |
| Sprint, SoftBank reach deal with U.S. over security concerns Tuesday, May 28, 2013 08:44 PM PDT  By Alina Selyukh and Nathan Layne WASHINGTON/TOKYO (Reuters) - Sprint Nextel Corp and Japan's SoftBank Corp have reached an agreement with U.S. authorities on the national security aspects of the Japanese firm's pending $20.1 billion deal to win control of the U.S. wireless carrier, people familiar with the matter said. As a part of that agreement, the U.S. government will have a veto over new equipment purchases by Sprint in certain circumstances if the two companies merge, one source said. ... Full Story | Top |
| Liberty Reserve's website cited anti-money laundering policy Tuesday, May 28, 2013 06:41 PM PDT By Matthew Goldstein NEW YORK (Reuters) - Older versions of the website for Liberty Reserve, a company U.S. authorities claim was a money transfer hub for criminal gangs trafficking in drugs and child pornography, expressly said the firm "will not do business with anyone suspected of, or directly involved in money laundering." U.S. prosecutors in an indictment unsealed on Tuesday said that is precisely what the Costa Rican-based Liberty Reserve was doing. ... Full Story | Top |
| NY regulator asks insurers about readiness for cyber threats Tuesday, May 28, 2013 06:39 PM PDT By Ben Berkowitz (Reuters) - New York's top financial regulator has asked some of the largest U.S. insurance companies to disclose details on their preparedness for cyber attacks, following a similar request to major banks earlier this year. The New York State Department of Financial Services said it sent letters on Tuesday asking insurers whether they have faced any cyber attacks in the last three years, what safeguards they have put in place and how much money they have set aside for dealing with cyber issues. ... Full Story | Top |
| Sprint, SoftBank reach deal with US over security concerns: WSJ Tuesday, May 28, 2013 04:14 PM PDT  (Reuters) - Sprint Nextel Corp and Japan's SoftBank Corp reached an agreement in principle with the U.S. government to address any national security concerns arising from the Japanese company getting control of the U.S. telecom carrier, the Wall Street Journal reported, citing sources. As a part of the agreement, the U.S. government will have a veto over any equipment purchases by Sprint from new vendors, if the two companies were to merge, the newspaper said. U.S. ... Full Story | Top |
| ST-Ericsson sells GPS business to Intel Tuesday, May 28, 2013 02:13 PM PDT  By Astrid Wendlandt and Noel Randewich PARIS/SAN FRANCISCO (Reuters) - ST-Ericsson, a money-losing joint venture being wound down by owners STMicroelectronics and Ericsson, has sold its GPS mobile business to Intel. ST-Ericsson, which focuses on mobile and wireless chips, announced the sale on Tuesday without naming the buyer. An Intel spokesman later said the U.S. chipmaker bought the assets. ... Full Story | Top |
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