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| 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 |
| Apple CEO sees more 'gamechangers'; hints at wearable devices Tuesday, May 28, 2013 08:43 PM PDT  By Alexei Oreskovic RANCHOS PALOS VERDES, California (Reuters) - Apple Inc Chief Executive Tim Cook said on Tuesday he expects the iPhone and iPad maker would be responsible for "several more gamechangers" and that wearable computers could be the next big thing. "It's an area where it's ripe for exploration," Cook told an 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. I think there will be tons of companies playing in this. ... 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 |
| U.S. accuses currency exchange of laundering $6 billion Tuesday, May 28, 2013 03:28 PM 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 |
| 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 |
| Obama to discuss cybersecurity with China's Xi: White House Tuesday, May 28, 2013 12:13 PM PDT  ON BOARD AIR FORCE ONE (Reuters) - President Barack Obama will discuss cybersecurity with Chinese President Xi Jinping when the two leaders meet in California next week, White House spokesman Jay Carney said on Tuesday. Carney declined to comment on a Washington Post report that Chinese hackers had gained access to designs of more than two dozen major U.S. weapons systems. He said cyber issues were a key concern for the United States and raised at every level of meetings between U.S. and Chinese counterparts. (Reporting by Steve Holland; Writing by Jeff Mason; Editing by Mohammad Zargham) Full Story | Top |
| Singapore to regulate Yahoo, other online news sites Tuesday, May 28, 2013 10:54 AM PDT  By Kevin Lim SINGAPORE (Reuters) - Websites that regularly report on Singapore including Yahoo News will have to get a license from June 1, putting them on par with newspapers and television news outlets, in a move seen by some as a bid to rein in free-wheeling Internet news. "Online news sites that report regularly on issues relating to Singapore and have significant reach among readers here will require an individual license," Singapore's Media Development Authority (MDA) said in a statement. ... Full Story | Top |
| Cuba to increase unrestricted Internet access at new outlets Tuesday, May 28, 2013 10:11 AM PDT  By Jeff Franks HAVANA (Reuters) - Cuba will begin offering broader Internet access next month through 118 outlets around the country, according to a decree in the government's Official Gazette on Tuesday, in a step long awaited by many Cubans. It said Internet would be made available starting June 4 at offices of ETECSA, the state telecommunications monopoly, and elsewhere in what a government blogger said was a first step toward home service. "Maybe it will take a while but the next step is to connect Cubans from their houses. ... Full Story | Top |
| PC shipments face sharp slump in 2013 as tablets ascend - IDC Tuesday, May 28, 2013 09:55 AM PDT  By Noel Randewich SAN FRANCISCO (Reuters) - Global personal computer shipments face a deeper-than-expected 7.8 percent slump this year as tablets overtake laptops for the first time, according to a report from market research company IDC. The firm previously had forecast a 1.3 percent decline in PC shipments for 2013 but said in a report on Tuesday that consumers content with tablets are continuing to hold off replacing ageing laptops and desktop computers. By 2015, tablets will outship not just laptops, but all PCs, according to IDC. ... Full Story | Top |
| Etisalat gets shareholder support for Maroc Tel bid: sources Tuesday, May 28, 2013 09:48 AM PDT ABU DHABI (Reuters) - Gulf telecom operator Etisalat has secured shareholder approval for the financing package to back its bid for Vivendi's 53 percent stake in Maroc Telecom, according to two people familiar with the matter. Etisalat is vying with its regional rival, Qatar-backed Ooredoo, for control of the biggest fixed and mobile operator in the kingdom of Morocco. Media-and-telecom conglomerate Vivendi is selling the unit as part of a portfolio revamp aimed at reducing telecom exposure to focus more on media. ... Full Story | Top |
| Crest urges changing Clearwire minority vote threshold Tuesday, May 28, 2013 09:18 AM PDT  NEW YORK (Reuters) - Crest Financial, an investor in Clearwire Corp, said on Tuesday that the voting threshold for approval of Sprint Nextel Corp's purchase of Clearwire should exclude strategic investors such as Comcast Corp and Intel. Sprint, Clearwire's majority owner, needs approval from more than 50 percent of Clearwire's minority shareholders in order to go ahead with its proposed $3.40-per-share purchase of the rest of Clearwire. ... Full Story | Top |
| Apps are the new salespeople in U.S. stores Tuesday, May 28, 2013 08:59 AM PDT  By Natasha Baker TORONTO (Reuters) - Shoppers walking into a clothing store in New York City's SoHo neighborhood should not be surprised if a smartphone app, rather than a salesperson, greets them at the door. Some retailers in the United States are starting to communicate with shoppers via a smartphone app called Swirl that uses in-store sensors to track their location in the shop to send them personalized offers and recommendations. It's just one of the ways that brick-and-mortar shops are using apps to appeal to younger, more tech-savvy consumers. ... Full Story | Top |
| Cisco challenges Microsoft buy of Skype in EU court Tuesday, May 28, 2013 08:32 AM PDT  By Foo Yun Chee BRUSSELS (Reuters) - Cisco Systems Inc, the world's leading network equipment maker, will try to convince Europe's second highest court on Wednesday that it should overturn the EU's approval of Microsoft's purchase of Skype. If Cisco wins the challenge at the Luxembourg-based general court, the European Commission would have to annul its decision, which allowed Microsoft to buy the Internet video and voice company without having to make any concessions. ... Full Story | Top |
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