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| Australian police arrest senior member of LulzSec hacking group Tuesday, Apr 23, 2013 08:22 PM PDT By Jane Wardell SYDNEY (Reuters) - Australian Federal Police have arrested the self-proclaimed leader of the international hacking group LulzSec, the collective that claimed responsibility for infiltrating and shutting down the CIA website. Police said the 24-year-old IT worker, who held a position of trust at an international company, was arrested in Sydney on Tuesday evening and charged with hacking offences that carry a maximum penalty of 10 years. ... Full Story | Top |
| Apple's cash plan takes heat off Cook, buys him time Tuesday, Apr 23, 2013 08:18 PM PDT  By Poornima Gupta and Ben Berkowitz (Reuters) - Tim Cook wants investors to "think different" about Apple: less as a hyper-growth startup-like company and more as a mature but robust technology corporation with the world's most lucrative dividend. If Wall Street follows Apple's famous advertising slogan of old, it may relieve some of the pressure on Apple's chief executive, quiet investors' grumbling about its recent share price slide, and buy the company time to do what it says it does best: come up with and market new products. ... Full Story | Top |
| Cyber vulnerabilities found in Navy's newest warship: official Tuesday, Apr 23, 2013 08:10 PM PDT  By Andrea Shalal-Esa WASHINGTON (Reuters) - The computer network on the U.S. Navy's newest class of coastal warships showed vulnerabilities in Navy cybersecurity tests, but the issues were not severe enough to prevent an eight-month deployment to Singapore, a Navy official said on Tuesday. A Navy team of computer hacking experts found some deficiencies when assigned to try to penetrate the network of the USS Freedom, the lead vessel in the $37 billion Littoral Combat Ship program, said the official, who spoke on condition of anonymity. ... Full Story | Top |
| China's ZTE signs Android patent license with Microsoft Tuesday, Apr 23, 2013 07:31 PM PDT  SEATTLE (Reuters) - China's ZTE Corp, one of the world's largest smartphone makers, has agreed to pay Microsoft Corp a royalty for devices it makes using Google Inc's Android and Chrome operating systems. ZTE is the latest in a line of hardware manufacturers that have struck a patent deal with Microsoft, which has successfully argued that Android - which Google provides free to handset makers - uses Microsoft-owned technology. Google itself, and its Motorola phone maker unit, are the most notable holdouts against a patent agreement with Microsoft. ... Full Story | Top |
| Apple unlocks more cash for investors as profit slides Tuesday, Apr 23, 2013 06:02 PM PDT  By Poornima Gupta SAN FRANCISCO (Reuters) - Apple Inc on Tuesday bowed to investors' demands to share more of its $145 billion cash pile, while posting its first quarterly profit decline in more than a decade. The new expanded capital plan includes issuing debt for the first time to fund $100 billion in share repurchases and higher dividends until the end of 2015. That doubles the amount from a program set up last year and makes Apple the largest dividend-paying company in the world. The company's shares, which last week closed below $400 for the first time since December 2011, rose briefly. ... Full Story | Top |
| AT&T revenue disappoints as it loses cellphone subscribers Tuesday, Apr 23, 2013 05:47 PM PDT  By Sinead Carew NEW YORK (Reuters) - AT&T Inc reported a net loss of cellphone subscribers in the first quarter as it lost market share to bigger rival Verizon Wireless, sending its shares down about 2 percent. As a result AT&T's revenue missed Wall Street expectations as its subscriber growth was driven by tablet computer users who pay lower monthly fees than phone users. Since most U.S. consumers already have smartphones, the No. 2 U.S. ... Full Story | Top |
| Google buys Wavii for $30 million, mirroring Yahoo's deal Tuesday, Apr 23, 2013 05:45 PM PDT  By Gerry Shih SAN FRANCISCO (Reuters) - Google Inc has acquired Wavii, the Seattle-based startup behind a news summarization app, for roughly $30 million in cash, a person with knowledge of the matter said Tuesday. Google's successful bid came after Apple Inc had expressed interest in buying Wavii to incorporate the startup's natural language technology into Siri, Apple's voice-activated personal assistant feature, said the person, who declined to be named because the deal has not been publicly announced. Google and Wavii declined to comment. ... Full Story | Top |
| VMware forecasts second-quarter revenue below estimates, shares fall Tuesday, Apr 23, 2013 04:10 PM PDT (Reuters) - Cloud computing software maker VMware Inc forecast current-quarter revenue that fell short of analysts' estimates, sending its shares down 7 percent in extended trading. VMware, controlled by data storage equipment maker EMC Corp, said it expects revenue in the range of $1.21 billion to $1.24 billion for the second quarter. Analysts on average were expecting revenue of $1.25 billion, according to Thomson Reuters I/B/E/S. ... Full Story | Top |
| Hackers send fake market-moving AP tweet on White House explosions Tuesday, Apr 23, 2013 04:01 PM PDT  By Alina Selyukh WASHINGTON (Reuters) - Hackers took control of the Associated Press Twitter account on Tuesday and sent a false tweet about explosions in the White House that briefly sent U.S. financial markets reeling. In the latest high-profile hacking incident involving social media service Twitter, an official @AP account reported that two explosions at the White House injured President Barack Obama. AP spokesman Paul Colford quickly confirmed the tweet was "bogus," and White House spokesman Jay Carney told reporters that Obama was fine, just minutes after the tweet hit a little after 1 ... Full Story | Top |
| Broadcom eyes more smartphone chip sales Tuesday, Apr 23, 2013 03:48 PM PDT By Noel Randewich SAN FRANCISCO (Reuters) - Broadcom's first-quarter results beat expectations and the chipmaker said much of its growth this year would come from selling more components to smartphone makers. Broadcom's quarterly earnings report pushed the chipmaker's shares up after hours as company executives said they expect their baseband chips to appear in upcoming handsets. Broadcom, which sells wireless chips used in Apple's iPhone as well lower-end devices popular in Asia, posted first-quarter revenue of $2.01 billion, up 9.7 percent from the year-earlier period. ... Full Story | Top |
| FBI investigating hacked AP tweet of White House explosions Tuesday, Apr 23, 2013 03:00 PM PDT WASHINGTON (Reuters) - The FBI is investigating how hackers were able to send out a bogus tweet on the Associated Press's Twitter feed that said President Barack Obama was injured in two explosions at the White House. FBI spokeswoman Jenny Shearer confirmed an investigation, but she did not provide further details. The fake tweet temporarily sent markets reeling. The U.S. Securities and Exchange Commission is also looking into the matter. (Reporting by Deborah Charles and Alina Selyukh; Editing by Eric Beech) Full Story | Top |
| Instant View: Apple results surpass Street targets, doubles cash return Tuesday, Apr 23, 2013 02:51 PM PDT SAN FRANCISCO (Reuters) - Apple Inc, bowing to Wall Street's increasingly strident demands, announced a doubling in its cash-return program for shareholders as it reported better-than-expected quarterly results. Commentary: COLIN GILLIS, ANALYST, BGC "We all had concerns on the June quarter guidance. The issue was 15 out of 40 analysts had cut June quarter numbers. The market was telling you the numbers were too high. Now the stock is up on guidance that's pretty much even worse than even I was expecting. "But the actual March quarter was fantastic. So you got to take the actual results first. ... Full Story | Top |
| BlackBerry Q10 to be available in Canada starting May 1 Tuesday, Apr 23, 2013 02:25 PM PDT (Reuters) - BlackBerry said its new smartphone BlackBerry Q10 will be available in Canada starting May 1 through Rogers Wireless, Telus Corp and Bell Mobility. Q10 will be available starting at C$199 ($190) with a three-year contract. It will also be available on Virgin Mobile Canada. BlackBerry said it expects Q10 device to be available in the United States by the end of May. BlackBerry is trying to claw back market share lost to rivals such as Apple Inc and Samsung Electronics Co with its new line of devices powered by the revamped BlackBerry 10 operating system. ... Full Story | Top |
| AT&T revenue disappoints even as subscriptions grow Tuesday, Apr 23, 2013 02:12 PM PDT  NEW YORK (Reuters) - AT&T Inc reported weaker than expected quarterly revenue as its wireless subscriber growth for the first quarter was driven by tablet computer users who pay lower fees than cellphone customers. The No. 2 U.S. mobile service said it added 296,000 subscribers in the quarter compared with Wall Street expectations for just over 195,000, according to six analysts contacted by Reuters. This included a net addition of 365,000 subscribers using tablet computers, implying a net loss of 69,000 higher-value phone subscribers. ... Full Story | Top |
| SEC's Gallagher says agency looking into bogus AP tweet Tuesday, Apr 23, 2013 01:24 PM PDT NEW YORK (Reuters) - The U.S. Securities and Exchange Commision is looking into a 'bogus' tweet that appeared on the Associated Press's Twitter account on Tuesday, according to SEC Commissioner Daniel Gallagher. Hackers took control of the AP's account and sent a false tweet about two explosions in the White House that briefly spooked financial markets. Market reaction to Tuesday's erroneous tweet http://link.reuters.com/hyz57t (Reporting by Edward Krudy; Editing by James Dalgleish) Full Story | Top |
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