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| U.S. energy companies seen at risk from cyber attacks: CFR report Tuesday, Jun 25, 2013 09:10 PM PDT  WASHINGTON (Reuters) - U.S. oil and natural gas operations are increasingly vulnerable to cyber attacks that can harm the competitiveness of energy companies or lead to costly outages at pipelines, refineries or drilling platforms, a report said on Wednesday. The energy business, including oil and gas producers, was hit by more targeted malware attacks from April to September last year than any other industry, said the Council on Foreign Relations (CFR) report, citing data from a Houston-based security company, Alert Logic. ... Full Story | Top |
| Samsung Elec shares down 3 percent on weaker earnings outlook Tuesday, Jun 25, 2013 09:02 PM PDT  SEOUL (Reuters) - Shares in Samsung Electronics Co Ltd slumped 3 percent to nine-month lows on Wednesday, as investors braced for weaker-than-expected earnings from the smartphone maker for the April-to-June period. Shinhan Investment Corp joined a number of brokerages in cutting its target price for the South Korean technology giant, forecasting smartphone shipments and earnings would be less than it had previously expected. Samsung Electronics shares were set to fall for a sixth consecutive session. They were down 3.1 percent to 1,257,000 Korean won ($1,100) as of 11:43 p.m. ... Full Story | Top |
| U.S. regulator tells Web search firms to label ads better Tuesday, Jun 25, 2013 06:08 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - U.S. regulators warned leading Internet firms including Google Inc. to better identify paid ads in search results, particularly as new technology such as mobile services and voice-based online services become more common. The U.S. Federal Trade Commission said on Tuesday it had sent letters to 24 Internet search companies, including giants Google, Microsoft Corp and Yahoo Inc, updating its guidance on advertising practices. ... Full Story | Top |
| U.S. court to hear oral arguments in net neutrality case on September 9 Tuesday, Jun 25, 2013 03:13 PM PDT  WASHINGTON (Reuters) - The federal appeals court in Washington on Tuesday set September 9 as the date for oral arguments in the so-called net neutrality case that could be seminal for federal regulation of Internet traffic. The highly anticipated hearings, originally expected to take place this past spring, will pit Verizon Communications Inc against the Federal Communications Commission as the biggest U.S. wireless provider challenges the FCC's order that guides how Internet service providers manage their networks. The ruling of the U.S. ... Full Story | Top |
| Discovery explores Internet subscription service Tuesday, Jun 25, 2013 02:35 PM PDT By Liana B. Baker (Reuters) - Discovery Communications is at work on an Internet streaming service that could charge cable subscribers a small fee to gain access to hours of documentaries and reality shows, executive chairman and founder John Hendricks said on Tuesday. Hendricks said in an interview with Reuters that there is money to be made from TV shows on Discovery's networks that are between three and 18 months old. Shows in this time-frame are not easily accessed on cable on-demand services or on Netflix, which offers Discovery content older than 18 months, he added. ... Full Story | Top |
| Barnes & Noble retreats from tablet wars as Nook sales plummet Tuesday, Jun 25, 2013 12:44 PM PDT  By Phil Wahba (Reuters) - Barnes & Noble Inc will stop manufacturing its own Nook tablets, marking the end of its expensive attempt to compete alone with deep-pocketed rivals Amazon.com Inc, Apple Inc and Google Inc in the tablet wars. The top U.S. bookstore chain reported another quarter of dismal results on Tuesday, led by a 34 percent drop in sales of Nook devices and e-books business, and said it expects sales to continue to decline this fiscal year at its bookstores. Shares were down 17.5 percent to $15.53 in afternoon trading. ... Full Story | Top |
| Autonomy sells remaining stake in video website Blinkx Tuesday, Jun 25, 2013 11:52 AM PDT LONDON (Reuters) - Software company Autonomy, owned by U.S. computer maker Hewlett-Packard Co., said on Tuesday it sold its remaining stake in video search engine group Blinkx Plc. Autonomy said it sold 45.7 million Blinkx shares at a price of 120 pence per share, in a deal valued at 54.84 million pounds ($84.48 million) The sale, which was at a 5 percent discount to Blinx's closing price on Tuesday, was carried out via an accelerated offering to institutional investors, run by Goldman Sachs. ($1 = 0.6492 British pounds) (Reporting by Kylie MacLellan, Clare Hutchison; Editing by Dan Grebler) Full Story | Top |
| Former Oregon politician pleads guilty to Facebook IPO fraud Tuesday, Jun 25, 2013 10:30 AM PDT  By Bernard Vaughan NEW YORK (Reuters) - Former Oregon gubernatorial candidate Craig Berkman pleaded guilty on Tuesday to defrauding investors by persuading them he could use their money to buy shares of Facebook Inc before the company's May 2012 initial public offering. Berkman, a Republican who ran for governor in 1994, admitted he told investors he had access to scarce pre-IPO shares of Facebook as well as LinkedIn Corp, Groupon Inc and Zynga Inc. ... Full Story | Top |
| Exclusive: Samsung in talks to settle EU antitrust case -sources Tuesday, Jun 25, 2013 09:37 AM PDT  By Foo Yun Chee BRUSSELS (Reuters) - Samsung Electronics is in early talks with the EU regulator to settle charges that its use of injunctions against arch rival Apple breached antitrust rules, two people familiar with the matter said on Tuesday. Samsung and Apple, the world's top two smartphone makers by volume and sales, are embroiled in patent disputes in at least 10 countries as they vie to dominate the lucrative and fast-growing mobile market and win customers with their latest gadgets. ... Full Story | Top |
| Bitter rivals Oracle, Salesforce team up on cloud Tuesday, Jun 25, 2013 09:02 AM PDT  By Jim Finkle BOSTON (Reuters) - Oracle Corp, the technology giant losing market share to younger firms that sell software via the Web, has signed a long-term partnership with archrival and cloud computing pioneer Salesforce.com Inc. The two companies said on Tuesday that Oracle will integrate some of its cloud-based software programs with Salesforce products. The companies gave few details on the unprecedented partnership, which also calls for Salesforce to expand its own use of Oracle products. ... Full Story | Top |
| Google vindicated by EU court opinion on search index Tuesday, Jun 25, 2013 02:13 AM PDT  By Claire Davenport BRUSSELS (Reuters) - Google is subject to EU privacy law but is not obliged to delete sensitive information from its search index, an adviser to the highest European Union court said, in a case that tests whether people can erase harmful content from the Web. The adviser's opinion vindicates the internet search giant's position that it cannot erase legal content from the Web even if it is harmful to an individual. But the opinion also rejected the view of many internet firms that they are not bound by EU privacy law. ... Full Story | Top |
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