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| Einhorn scores legal victory versus Apple in cash scuffle Friday, Feb 22, 2013 06:08 PM PST  NEW YORK (Reuters) - A U.S. judge handed outspoken hedge fund manager David Einhorn a victory in his battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock. U.S. District Judge Richard Sullivan in Manhattan granted a motion by Einhorn's Greenlight Capital for a preliminary injunction stopping a vote on that proposal, scheduled for the company's February 27 stockholders' meeting. ... Full Story | Top |
| Mandiant goes viral after China hacking report Friday, Feb 22, 2013 05:24 PM PST  (Reuters) - Cybersecurity company Mandiant Corp won plaudits from its peers and made front-page news around the world this week when it published a report that purportedly traced a series of cyberattacks on U.S. companies to a Shanghai-based unit of the Chinese army. But some hackers have turned the tables on the cyber-expert by creating malicious versions of its 74-page report that were infected with computer viruses. They emailed the tainted reports to their victims this week in a bid to wreak havoc under Mandiant's name. ... Full Story | Top |
| Microsoft says small number of its computers hacked Friday, Feb 22, 2013 04:24 PM PST  SEATTLE (Reuters) - Microsoft Corp said on Friday a small number of its computers, including some in its Mac software business unit, were infected with malware, but there was no evidence of customer data being affected and it is continuing its investigation. The world's largest software company said the security intrusion was "similar" to recent ones reported by Apple Inc and Facebook Inc. The incident, reported on one of the company's public blogs happened "recently", but Microsoft said it chose not to make any statement publicly while it gathered information about the attack. ... Full Story | Top |
| Einhorn wins ruling against Apple in cash pile fight Friday, Feb 22, 2013 02:00 PM PST NEW YORK (Reuters) - A U.S. judge handed outspoken hedge fund manager David Einhorn a victory in his battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock. U.S. District Judge Richard Sullivan in Manhattan granted a motion by Einhorn's Greenlight Capital for a preliminary injunction stopping the vote on that proposal. The vote was scheduled for February 27 as part of the company's annual stockholders' meeting. ... Full Story | Top |
| HP shares jump on recovery hope; analysts raise price targets Friday, Feb 22, 2013 01:48 PM PST  (Reuters) - Hewlett-Packard Co shares rose as much as 11 percent on Friday after the company's better-than-expected quarterly results and forecasts prompted at least eight brokerages to raise price targets on the stock, although analysts said problems at the world's No.1 PC maker were far from over. HP's upbeat outlook comes as the company cuts costs under Chief Executive Meg Whitman's turnaround plan in the face of falling PC sales and slowing corporate IT spending. ... Full Story | Top |
| Nevada legalizes first interstate online poker Friday, Feb 22, 2013 11:41 AM PST  (Reuters) - Nevada has become the first U.S. state to legalize interstate online poker and allow state-to-state gaming agreements, beating New Jersey to the punch and putting in place a potential nationwide framework for Internet wagering. Republican Governor Brian Sandoval signed the landmark bipartisan bill into law on Thursday, authorizing his office to enter into agreements with other states that will in effect allow Nevada-based companies to host interactive gambling for residents of other states. ... Full Story | Top |
| Fox seeks to block new Dish "Hopper" feature Friday, Feb 22, 2013 11:40 AM PST  (Reuters) - Fox Broadcasting Co has asked a federal judge to stop Dish Network Corp from letting customers who use Dish's controversial Hopper digital video recording device watch Fox programs on tablets and smartphones. Fox, a unit of Rupert Murdoch's News Corp, on Thursday asked U.S. District Judge Dolly Gee in Los Angeles to issue a preliminary injunction against Dish. If granted, the injunction would also stop Dish, the second-largest U.S. satellite TV company, from retransmitting live programs to computers and mobile devices via the latest Hopper set-top box. ... Full Story | Top |
| HTC smartphone maker settles U.S. software security case Friday, Feb 22, 2013 10:21 AM PST  WASHINGTON (Reuters) - HTC America, which makes smartphones and tablets that use Android and Windows software, will settle a U.S. regulator's charges it failed to take adequate steps to eliminate security flaws that put millions of users' data at risk. The Federal Trade Commission said on Friday that HTC America, a subsidiary of HTC Corp in Taiwan, made millions of phones with programming flaws that allowed third-party applications to evade Android's permission-based security model. ... Full Story | Top |
| RF chipmakers shares rebound as Qualcomm entry concerns ease Friday, Feb 22, 2013 09:31 AM PST  (Reuters) - Shares in specialist radio frequency chipmakers Skyworks Solutions Inc and RF Micro Devices Inc regained lost ground on Friday as analysts debated the significance of looming competition from cellphone chipmaker Qualcomm Inc. Skyworks shares rose 5 percent and RFMD shares 4 percent, recouping some of the losses suffered on Thursday after Qualcomm unveiled plans for its own radio frequency (RF) chip. ... Full Story | Top |
| Nokia to fight rivals with cheaper models-sources Friday, Feb 22, 2013 09:10 AM PST  COPENHAGEN (Reuters) - Nokia is shifting the focus of its turnaround strategy to regaining domination of cheaper handsets after a stuttering campaign to catch up with Apple and Samsung in high-end smartphones. Company sources said it would introduce cut-price basic phones to compete with the likes of Huawei and ZTE and a new, lower-price model of its Lumia smartphone on Monday at the Mobile World Congress convention in Barcelona. ... Full Story | Top |
| Hackers circulate tainted version of China cyber security report Friday, Feb 22, 2013 08:19 AM PST  BOSTON (Reuters) - Unknown hackers are trying to infect computers by capitalizing on strong interest in a recent report by a security firm that accuses the Chinese military of supporting widespread cyber attacks on U.S. companies. Tainted digital versions of the report from cyber forensics firm Mandiant infect PCs with computer viruses that allow hackers to gain remote control of computers after users attempt to read those documents, according to security researchers. ... Full Story | Top |
| EU sees Google competition deal after August Friday, Feb 22, 2013 05:16 AM PST  PARIS (Reuters) - EU regulators hope to resolve a two-year investigation into U.S. internet company Google in the latter half of the year, the EU's antitrust chief said on Friday, although a rival expressed skepticism about the effectiveness of any solution. The European Commission - the EU's executive arm - has been examining proposals put forward by Google to resolve complaints from more than a dozen companies, including Microsoft, that Google was using its market dominance to block competitors. "We can reach an agreement after the summer break. ... Full Story | Top |
| Sharp revival plan unlikely to include Hon Hai capital: sources Friday, Feb 22, 2013 03:39 AM PST  TOKYO (Reuters) - Sharp Corp is unlikely to include a capital infusion from Hon Hai Precision Industry Co Ltd in its turnaround plan as talks between the two companies have hit a snag, sources familiar with the matter said. The Japanese consumer electronics maker and its main lenders are drawing up a business plan to convince shareholders and creditors that Sharp can survive its ongoing difficulties with debt and fierce competition from foreign brands. ... Full Story | Top |
| PayPal takes mobile payment service to Europe Friday, Feb 22, 2013 12:19 AM PST SAN FRANCISCO (Reuters) - PayPal launched a European version of its PayPal Here mobile payments service for small merchants on Thursday as the online payments division of eBay Inc steps up competition with rivals, including Square Inc. PayPal unveiled a new device, about the size of a smartphone, that allows small merchants to accept credit and debit cards under a more-stringent and complex system in Europe known as Chip and PIN. The gadget connects to a new PayPal app that merchants can run on Apple Inc iPhones and Android-based smartphones. ... Full Story | Top |
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