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| Privacy groups ask Facebook to withdraw proposed policy changes Monday, Nov 26, 2012 06:25 PM PST  SAN FRANCISCO (Reuters) - Two privacy advocacy groups urged Facebook Inc on Monday to withdraw proposed changes to its terms of service that would allow the company to share user data with recently acquired photo-application Instagram, eliminate a user voting system and loosen email restrictions within the social network. The changes, which Facebook unveiled on Wednesday, raise privacy risks for users and violate the company's previous commitments to its roughly 1 billion members, according to the Electronic Privacy Information Center and the Center for Digital Democracy. ... Full Story | Top |
| ChannelAdvisor says eBay sales up 57 percent early on Cyber Monday Monday, Nov 26, 2012 03:04 PM PST (Reuters) - ChannelAdvisor said client sales on eBay Inc's online marketplace jumped 57 percent from a year before early on Cyber Monday. The sales growth rate was five times higher than during the same period last year, said ChannelAdvisor, which helps merchants sell more on websites including Amazon.com Inc and eBay.com. Client sales on Amazon.com were up 52 percent during the first part of Cyber Monday, ChannelAdvisor also reported. (Reporting By Alistair Barr; Editing by Gerald E. McCormick) Full Story | Top |
| 132 online counterfeit sites seized in Cyber Monday blitz Monday, Nov 26, 2012 03:04 PM PST WASHINGTON (Reuters) - U.S. and European authorities seized 132 domain names in a counterfeit goods crackdown linked to Cyber Monday, the online bargain day, the head of U.S. Immigration and Customs Enforcement said. ICE agents seized 101 domain names in the United States and 31 were taken over by officers in Britain, Romania, Belgium, France and Denmark and by Europol, the European Police Office, ICE Director John Morton said. ... Full Story | Top |
| Online sales jump on Cyber Monday, eBay shines Monday, Nov 26, 2012 03:04 PM PST  SAN FRANCISCO (Reuters) - Online sales jumped on Cyber Monday, sending e-commerce retailers' shares higher and suggesting strong growth from earlier in the holiday shopping season is continuing for now. Sales on eBay Inc's online marketplace were particularly strong and Amazon.com Inc continued its rapid holiday shopping season growth, according to early Cyber Monday data released by e-commerce firm ChannelAdvisor. EBay's shares climbed 4.9 percent to close at $51.40. The stock hit an intra-day high of $51.78, the highest level since early 2005. Amazon's shares gained 1.6 percent to $243.62. ... Full Story | Top |
| ICOA CEO says never had acquisition talks with Google Monday, Nov 26, 2012 01:57 PM PST SAN FRANCISCO (Reuters) - The chief executive of wireless hotspot provider ICOA Inc said his company has never had acquisition talks with Google Inc and is contacting authorities about a "hoax" press release on Monday that said Google bought his company for $400 million. "ICOA never had any discussions with any major company like Google," George Strouthopoulos, the company's chief executive and chairman, said in an email. "Someone, I guess a stock promoter with a dubious interest, is disseminating wrong, false and misleading info in the PR circles," he said. ... Full Story | Top |
| HP hit with civil securities lawsuit over Autonomy deal Monday, Nov 26, 2012 01:06 PM PST  SAN FRANCISCO (Reuters) - Hewlett-Packard Co was sued on Monday by an investor who claimed the company knew statements about its Autonomy acquisition were misleading and led the stock to fall, according to lawyers representing the plaintiff. The proposed class action lawsuit was filed in a San Francisco federal court. HP dropped a bombshell last Tuesday with an $8.8 billion write-down on its acquisition of British software firm Autonomy, saying the company inflated sales with improper accounting. Autonomy co-founder Mike Lynch has denied any wrongdoing. HP bought Autonomy for a hefty $11. ... Full Story | Top |
| Nokia unveils two new cellphone models, priced at $62 Monday, Nov 26, 2012 12:13 PM PST  HELSINKI (Reuters) - Struggling Finnish cellphone maker Nokia unveiled on Monday two new cellphone models, the Asha 205 and the Asha 206, pricing both models at around $62, excluding subsidies and taxes. Both models will go on sale this quarter. Nokia unveiled a new Slam feature which allows consumers to share multimedia content like photos and videos with nearby friends almost instantly through Bluetooth connection. (Reporting By Tarmo Virki) Full Story | Top |
| FBI uses Twitter, social media to look for securities fraud Monday, Nov 26, 2012 08:34 AM PST  (Reuters) - The FBI sees social media as a potential breeding ground for securities fraud, and has agents scouring Twitter and Facebook for tips, according to two top agents overseeing a long-running investigation into insider trading in the $2 trillion hedge fund industry. April Brooks, a special agent in charge of the New York field office of the Federal Bureau of Investigation, and David Chaves, a supervisory agent, said it is hard to predict the next wave of securities fraud, but they add that it will have a lot to do with advances in technology and social media. ... Full Story | Top |
| Facebook not so fun with a click from boss or mom Monday, Nov 26, 2012 06:25 AM PST  LONDON (Reuters) - Posting pictures of yourself plastered at a party and talking trash online with your Facebook friends may be more stress than it's worth now that your boss and mom want to see it all. A survey from Edinburgh Business School released on Monday showed Facebook users are anxious that all those self-published sins may be coming home to roost with more than half of employers claiming to have used Facebook to weed out job candidates. ... Full Story | Top |
| Facebook not so fun with a click from boss or mum Monday, Nov 26, 2012 04:20 AM PST LONDON (Reuters) - Posting pictures of yourself plastered at a party and talking trash online with your Facebook friends may be more stress than it's worth now that your boss and mum want to see it all. A survey from Edinburgh Business School released on Monday showed Facebook users are anxious that all those self-published sins may be coming home to roost with more than half of employers claiming to have used Facebook to weed out job candidates. ... Full Story | Top |
| Renesas shareholders set to approve $2.4 billion bailout, shares soar Sunday, Nov 25, 2012 10:58 PM PST  TOKYO (Reuters) - Shareholders of Japan's embattled Renesas Electronics Corp are close to approving a government-led bailout, sources familiar with the talks said, sending the firm's shares 17 percent higher on relief that the $2.4 billion rescue was being finalized. The deal is set to keep the world's biggest maker of microcontroller chips afloat for the next few years, but analysts say that despite job cuts and planned plant closures, Renesas still faces many challenges including the restructuring of its loss-making system chip division. ... Full Story | Top |
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