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| Erdogan challenges social media in top Turkish court Friday, Apr 18, 2014 10:50 AM PDT  By Orhan Coskun ANKARA (Reuters) - Prime Minister Tayyip Erdogan applied to Turkey's constitutional court on Friday to challenge the alleged violation of his and his family's rights by social media, a senior official in his office told Reuters. Erdogan's government blocked Twitter and YouTube in March, drawing international condemnation, after audio recordings, purportedly showing corruption in his inner circle, were leaked on their sites. The Twitter block was lifted earlier this month after the constitutional court ruled that it breached freedom of expression, a decision Erdogan has since said was wrong and should be overturned. YouTube remains blocked in Turkey. Full Story | Top |
| Tech workers seek to use Steve Jobs evidence in upcoming trial on no-hire accords Friday, Apr 18, 2014 02:31 AM PDT  By Dan Levine SAN FRANCISCO (Reuters) - Four large technology companies should not be allowed to limit evidence about Apple Inc co-founder Steve Jobs at an upcoming trial over no-hire agreements in Silicon Valley, according to a court document filed late on Thursday by employees suing the firms. Tech workers brought a class action lawsuit against Apple, Google Inc, Intel Inc and Adobe Systems Inc in 2011, alleging they conspired to avoid competing for each other's employees in order to avert a salary war. The case, which is closely watched in Silicon Valley, is largely built on emails among top executives, including Apple's late chief executive Jobs and former Google CEO Eric Schmidt. Full Story | Top |
| Mt. Gox suitors seek support to save bitcoin exchange Thursday, Apr 17, 2014 05:22 PM PDT  (Reuters) - A group of investors seeking to buy Mt. Gox has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets. "We need your help to stop a liquidation, which would be good neither for Mt. Gox creditors nor bitcoin's reputation with the general public and regulators," the investors wrote on the website. The investor group, which offered to take over the assets of Mt. Gox and revive it, has received backing from many creditors and hopes to convince the court to reconsider its rehabilitation proposal, the Wall Street Journal reported on Thursday. Mark Karpeles, the founder of Mt. Gox, said he would not come to the United States to answer questions about the bankruptcy case, Mt. Gox lawyers told a U.S. federal judge on Monday. Full Story | Top |
| Patent consortium Rockstar loses bid to move Google case Thursday, Apr 17, 2014 04:59 PM PDT  By Dan Levine SAN FRANCISCO (Reuters) - A U.S. judge on Thursday rejected a request by patent consortium Rockstar to transfer patent litigation from Google Inc's home turf in California to Texas, according to a court ruling. Rockstar, which counts Apple Inc as an investor, outbid Google and paid $4.5 billion for thousands of former Nortel Network Corp patents as the networking products supplier went bankrupt in 2011. Last year, the consortium sued several handset manufacturers whose phones operate on Google's Android operating system, which fiercely competes with Apple mobile products. Full Story | Top |
| Mt. Gox suitors seek creditor support to save bitcoin exchange Thursday, Apr 17, 2014 04:50 PM PDT (Reuters) - A group of investors, which is seeking to buy Mt. Gox, has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets. The investor group, which offered to take over the assets of Mt. Gox and revive it, has received backing from many creditors and hopes to convince the court to reconsider their rehabilitation proposal, the Wall Street Journal reported on Thursday. Full Story | Top |
| Microsoft's Xbox One sales cross 5 million Thursday, Apr 17, 2014 04:40 PM PDT  SAN FRANCISCO (Reuters) - Microsoft Corp has sold over 5 million Xbox One video game consoles to retailers since its launch in November, the company said on Thursday. In January, the U.S. software company said Xbox One sales had crossed three million as of the end of 2013. The console went on sale on November 22 in 13 countries, including the United States, United Kingdom and Australia, a week before rival Sony Corp's PlayStation 4 was released. Sony said on Wednesday it sold over 7 million PlayStation 4 units as of April 6 and is struggling to keep up with consumer demand. ... Full Story | Top |
| Weibo debut highlights complicated dance with Chinese censors Thursday, Apr 17, 2014 04:36 PM PDT  By Gerry Shih and Yimou Lee SAN FRANCISCO/HONG KONG (Reuters) - Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail. The timing of the two events, though coincidental, highlights the fundamental challenge for Shanghai-based Weibo: progressing from being a microblogging phenomenon in China to becoming an entrenched member of the international social media industry. Now, as Weibo celebrates its warm reception on international financial markets, its conflicts with censors at home raise the question of whether the firm known as the "Twitter of China" may eventually be derailed by government interference. Full Story | Top |
| Retailer Michaels Stores confirms payment card data breach Thursday, Apr 17, 2014 03:20 PM PDT  (Reuters) - Michaels Stores Inc, the biggest U.S. arts and crafts retailer, on Thursday confirmed that there was a security breach at certain systems that process payment cards at its U.S. stores and that of its unit, Aaron Brothers. The company said in January that it was working with federal law enforcement officials to investigate a possible data breach. Michaels Stores said the breach, which took place between May 8, 2013 and January 27, 2014, may have affected about 2.6 million cards, or about 7 percent of payment cards used at its stores during the period. There was no evidence that data such as customers' name or personal identification number were at risk, Michaels Stores said in a statement. Full Story | Top |
| Chipmaker AMD's quarterly results beat Street, stock jumps Thursday, Apr 17, 2014 02:22 PM PDT Advanced Micro Devices Inc's first-quarter results beat expectations, sending its shares higher as the chipmaker tries to replace dwindling sales of PC chips with its processors for game consoles. With the PC industry shrinking for eight straight quarter due to consumers' preferences for tablets and smartphones, AMD is expanding into new markets and aims to get half of its revenue from new, fast-growing businesses by the end of 2015. Chief among those efforts, the Sunnyvale, California, company is supplying processors for Microsoft Corp and Sony Corp's latest game consoles in a bid to make up for its declining PC business. Full Story | Top |
| Rockwell Collins looks to join global aircraft tracking task force Thursday, Apr 17, 2014 01:56 PM PDT (Reuters) - Rockwell Collins Inc, maker of a key communications system for jets, is interested in joining a task force on improving global airline tracking to prevent further disappearances of planes like Malaysia Airlines Flight 370, its chief executive said on Thursday. Chief Executive Officer Kelly Ortberg said the avionics supplier had "a lot of value to add" to the task force planned by the International Air Transport Association that will look at ways to track airplanes and make recommendations. The Malaysia Airlines flight disappeared from radar screens on March 8 with 239 people on board. Last year, Rockwell acquired ARINC, a provider of aviation connectivity services including flight planning and high-speed data. Full Story | Top |
| SEC's information technology at risk of hacking: report Thursday, Apr 17, 2014 01:22 PM PDT By Sarah N. Lynch WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission has failed to protect its data network against possible breaches, to encrypt highly sensitive information, or to use strong enough passwords, the Government Accountability Office said on Thursday. In addition to the cybersecurity failings, even the physical security in place to protect SEC data and equipment from being accessed or stolen is lax, a 25-page GAO report said, with workstations located in an area open to all agency staff. The report comes just two days after the SEC issued a nine-page blueprint that put Wall Street firms on notice that they should brace themselves for some tough questions from agency examiners about their cybersecurity policies and practices. "Information security control weaknesses in a key financial system's production environment may jeopardize the confidentiality, integrity, and availability of information residing in and processed by the system," the GAO wrote. Full Story | Top |
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