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  • Board overhaul lets Telecom Italia CEO focus on strategy

    Reuters - Fri, Apr 11, 2014

    By Danilo Masoni and Stefano Rebaudo MILAN (Reuters) - A board overhaul at Telecom Italia is set to placate belligerent minority investors, allowing Chief Executive Marco Patuano to focus on revamping the company's domestic business as the Italian economy begins to revive. Yet questions remain over how he will handle a prospective sale of Telecom Italia's Brazilian assets. Since his appointment in October, Patuano, who enjoys the backing of Spain's Telefonica and three other core investors, has faced a revolt by investors led by dissident shareholder Marco Fossati who are unhappy about the Spanish company's influence over Telecom Italia. Reacting to the challenge, Telecom Italia's main investors agreed in March to put forward a majority of independent directors in a board renewal that is due on April 16. More »Board overhaul lets Telecom Italia CEO focus on strategy

  • Hackers steal South Korean credit card data to aid forgeries

    Reuters - Fri, Apr 11, 2014

    Hackers stole the personal information of about 200,000 South Korean credit card users, using some to make fake cards and rack up fraudulent charges of about 120 million won (68,797 pounds), an official of the country's financial regulator said on Friday. The Financial Supervisory Service (FSS) said in a statement several suspects had late last year hacked into a server of a firm managing card payment processing terminals, and extracted data such as numbers, expiry dates and passwords for a point-amassing loyalty card. The suspects exploited the fact that some users had the same pin number or password for both credit cards and the loyalty card to create fake cards and charge items earlier this year, an official with direct knowledge of the investigation said. South Korean police, who are leading the investigation, have so far identified 268 separate cases of wrongful charges, said the official, who declined to be identified as the probe is still underway. More »Hackers steal South Korean credit card data to aid forgeries

  • Music labels follow movie studios in suing Megaupload

    Reuters - Fri, Apr 11, 2014

    Four music labels filed a copyright infringement lawsuit on Thursday against the file-sharing website Megaupload and its founder Kim Dotcom, three days after several major movie studios did the same. The lawsuit says that Megaupload, Dotcom and other defendants "engaged in, actively encouraged, and handsomely profited from massive copyright infringement of music," according to a statement issued by the Recording Industry Association of America. The plaintiffs are Warner Music Group Corp, a unit of Time Warner Inc, UMG Recordings Inc, a unit of Vivendi SA, Sony Music Entertainment, a unit of Sony Corp and Capitol Records, also owned by Vivendi, and all RIAA members. More »Music labels follow movie studios in suing Megaupload

  • Icahn backs down from demand that eBay spin off PayPal

    Reuters - Fri, Apr 11, 2014

    By Deepa Seetharaman, Phil Wahba and Nadia Damouni SAN FRANCISCO/NEW YORK (Reuters) - Carl Icahn backed off calls for eBay Inc to spin out its fast-growing PayPal payments unit on Thursday, after the billionaire investor failed to drum up support from the e-commerce company's major shareholders. Icahn withdrew his two nominees to eBay's board ahead of the company's annual meeting in May. But in a concession to the famously pugnacious activist investor, eBay added David Dorman, a founding partner of investment firm Centerview Capital Technology, as a 10th independent director. The settlement caps a months-long acerbic war of words and marked a reversal for Icahn, who had accused eBay Chief Executive Officer John Donahoe of "inexcusable incompetence" and attacked the company's board repeatedly for shoddy governance. He appeared to soften his stance on Thursday, saying he found several of Donahoe's ideas "compelling" and looked forward to working with eBay's board. More »Icahn backs down from demand that eBay spin off PayPal

  • Spaced360: The UK Company Looking to Shake Up Bluetooth Speaker Market

    IB Times - Fri, Apr 11, 2014

    The British audio brand was founded on the expertise of Ted Fletcher who created bespoke recording studio equipment as well as working with local radio stations. More »Spaced360: The UK Company Looking to Shake Up Bluetooth Speaker Market

  • Amazon is already working on eighth-generation Prime Air delivery drone

    Pocket-lint - Fri, Apr 11, 2014

    Amazon has revealed it recently started designing an eighth-generation Prime Air delivery drone. In a letter to shareholders published via the US Securities and Exchange Commission, Jeff Bezos, chief executive officer at Amazon, announced that the Prime Air team is "in the design phase on generations seven and eight". The letter doesn't reveal any specifics about the latest Prime Air delivery drones, but Bezos said in December that 86 per cent of Amazon's packages are under 5 pounds, and that the drones could carry them up to 10 miles from an Amazon fulfillment center. Although it might seem like Amazon is working quickly, keep in mind that Bezos also once said the company was four or five years away from a public launch. More »Amazon is already working on eighth-generation Prime Air delivery drone

  • Spaced360 Bluetooth speaker throws sound in all directions

    Pocket-lint - Fri, Apr 11, 2014

    Spaced360 wants to fire sound all over any room it's in thanks to its design and use of Orbitsound AirSound technology. More »Spaced360 Bluetooth speaker throws sound in all directions

  • 'Heartbleed' computer bug threat spreads to firewalls and beyond

    Reuters - Thu, Apr 10, 2014

    By Jim Finkle BOSTON (Reuters) - Hackers could crack email systems, security firewalls and possibly mobile phones through the "Heartbleed" computer bug, according to security experts who warned on Thursday that the risks extended beyond just Internet Web servers. Developers rushed out patches to fix affected web servers when they disclosed the problem, which affected companies from Amazon.com Inc and Google Inc to Yahoo Inc. Yet pieces of vulnerable OpenSSL code can be found inside plenty of other places, including email servers, ordinary PCs, phones and even security products such as firewalls. Def Con's network uses an enterprise firewall from McAfee, which is owned by Intel Corp's security division. More »'Heartbleed' computer bug threat spreads to firewalls and beyond

  • Google to sell Glass to bigger pool of consumers

    Associated Press - Thu, Apr 10, 2014

    SAN FRANCISCO (AP) — A lot more people are about to get a chance to buy Google Glass, the Internet-connected eyewear that has become the hottest accessory in geek fashion. More »Google to sell Glass to bigger pool of consumers

  • Twitter's website will add real-time notification alerts in the coming weeks

    Pocket-lint - Thu, Apr 10, 2014

    Twitter has announced a new feature for Twitter.com: real-time notifications. Starting sometime in the coming weeks, whenever you sign into Twitter's website, you will see notifications. These notifications work similar to Facebook's notifications in that they'll alert you when another Twitter user has engaged with you. Twitter said real-time notifications will pop up when someone has replied, favourited, or retweeted one of your tweets. More »Twitter's website will add real-time notification alerts in the coming weeks

  • Investor group offers to buy Mt. Gox for 1 bitcoin - WSJ

    Reuters - Thu, Apr 10, 2014

    (Reuters) - A group of investors is seeking to buy bankrupt bitcoin exchange Mt. Gox for a token payment of one bitcoin, or about $400, the Wall Street Journal reported citing sources. The group justified the near-zero price citing an "information vacuum" over Mt. Gox's missing bitcoins that made it hard to place a value on the lost digital currency, the paper said. The investor group includes Brock Pierce, a former child actor-turned entrepreneur, and venture capitalists William Quigley and Matthew Roszak. Mt. Gox said in March it "found" 200,000 bitcoins in an old-format online wallet which it had thought was empty, raising creditors' hopes of recovering some of their lost digital wealth. More »Investor group offers to buy Mt. Gox for 1 bitcoin - WSJ

  • Researchers using math to whittle away at jet lag

    Associated Press - Thu, Apr 10, 2014

    WASHINGTON (AP) — Lots of apps claim they can help you fight jet lag. Now Michigan researchers say mathematical formulas suggest it's possible to adjust to new time zones a bit faster than previously thought, and they created their own free app to help. More »Researchers using math to whittle away at jet lag

  • Amazon buys digital comics platform ComiXology - will make it a subsidiary

    Pocket-lint - Thu, Apr 10, 2014

    Amazon has announced that it will acquire ComiXology, a popular digital comic platform and the reading engine behind major comic book publishers in the US. ComiXology is a cloud-based digital comics platform that launched in 2007 as a website. The platform offers millions of comic downloads, including comic books and graphic novels, from more than 75 publishers, and it holds exclusive rights on iOS to DC Comics. “Amazon and ComiXology share a passion for reinventing reading in a digital world,” said David Naggar, vice president of content acquisition at Amazon, in a release. More »Amazon buys digital comics platform ComiXology - will make it a subsidiary

  • Google to sell Glass to public next week

    Reuters - Thu, Apr 10, 2014

    Google Inc will take online orders for its Glass wearable gadget on April 15, in its biggest push to get the $1,500 (894 pounds) wraparound Web-ready glasses out to the U.S. public. For a limited time starting Tuesday, Google will make the wearable device available to more than just the select group of users such as apps developers in its Glass Explorer program. In a blogpost, Google did not say how many pairs it would sell, just that the quantity would be limited. Google has run campaigns in the past to drum up public involvement, including inviting people to tweet under the hashtag #ifihadglass for a chance to buy a pair of the glasses. More »Google to sell Glass to public next week

  • Amazon to buy digital comics company

    Associated Press - Thu, Apr 10, 2014

    Online retailer Amazon said Thursday its buying digital comics company comiXology for an undisclosed sum. Amazon said the acquisition will help it offer more and better digital comic books and graphic ... More »Amazon to buy digital comics company

  • Mexican police issue 'ransom ware' virus warning

    Associated Press - Thu, Apr 10, 2014

    Police in Mexico City have issued a warning about a new type of "ransom ware" virus that can take over computers' cameras and make the user think they are under surveillance. The Mexico City ... More »Mexican police issue 'ransom ware' virus warning

  • Bezos offers update on groceries, drones

    Associated Press - Thu, Apr 10, 2014

    NEW YORK (AP) — CEO Jeff Bezos' annual letter to shareholders offers a glimpse into Amazon's internal workings and what it is aiming for in the future, including more grocery services and the much-discussed drone delivery. More »Bezos offers update on groceries, drones

  • Google expands Glass sales pool

    Press Association - Thu, Apr 10, 2014

    A lot more people are about to get a chance to own the internet-connected eyewear known as Google Glass, the hottest accessory in geek fashion. More »Google expands Glass sales pool

  • Amazon's Bezos outlines grocery, drone plans

    Associated Press - Thu, Apr 10, 2014

    CEO Jeff Bezos' annual letter to shareholders offers a glimpse into Amazon's internal workings and what it is aiming for in the future, including expanded same-day grocery delivery and drone delivery. ... More »Amazon's Bezos outlines grocery, drone plans

  • Twitter.com adds pop-up notifications for new favorites, followers, and more

    The Verge - Thu, Apr 10, 2014

    As part of its ongoing effort to reassure Twitter users that their tweets are actually being read, Twitter is rolling out in-browser notifications for visitors of Twitter.com. Over the next few weeks, logged-in users of the site will begin getting pings for replies, favorites, and retweets. You can also change your settings to receive notifications for direct messages and new followers. And the notifications are interactive, letting you reply, favorite, retweet, and follow from the notification itself. ... More »Twitter.com adds pop-up notifications for new favorites, followers, and more

  • Aereo adds support for Chromecast, bringing live TV to Google's dongle in US

    Pocket-lint - Thu, Apr 10, 2014

    You'll soon be able to use Google's Chromecast to watch live broadcast television in the US. Aereo has announced that it'll be Google Cast Ready on 29 May. That means, starting next month, Aereo subscribers can download the Aereo (Beta) app for Android, which will include support for Chromecast, and then tap the Cast icon to beam Aereo content from a mobile device to the big screen through Google's HDMI dongle. More »Aereo adds support for Chromecast, bringing live TV to Google's dongle in US

  • GOP, Dems clash over online domain name oversight

    Associated Press - Thu, Apr 10, 2014

    WASHINGTON (AP) — Republican opposition to Obama administration plans to spin off U.S. oversight of the Internet's domain name system is evolving into an election-year political fight, with GOP lawmakers using it as the latest front in their attacks on President Barack Obama's trustworthiness. More »GOP, Dems clash over online domain name oversight

  • US Internet ad revenue surpasses broadcast

    Associated Press - Thu, Apr 10, 2014

    NEW YORK (AP) — For the first time, U.S. Internet advertising revenue has surpassed that of broadcast television thanks to sharp growth in mobile and digital video ads. More »US Internet ad revenue surpasses broadcast

  • Facebook says WhatsApp deal cleared by FTC

    Reuters - Thu, Apr 10, 2014

    By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc said U.S. regulators have cleared its $19 billion acquisition of mobile messaging service WhatsApp, even as the Federal Trade Commission warned the two Internet companies on Thursday that they must not backtrack on commitments to user privacy. The FTC's Bureau of Consumer Protection, in a letter to the two companies on Thursday, said WhatsApp must adhere to its current privacy practices after the merger, including a promise not to use WhatsApp users' personal data for targeted ads. "If the acquisition is completed and WhatsApp fails to honour these promises, both companies could be in violation of Section 5 of the Federal Trade Commission Act and, potentially, the FTC's order against Facebook," the letter from Jessica Rich, director of the consumer bureau, read. FTC spokesman Jay Mayfield said the agency does not comment on investigations. More »Facebook says WhatsApp deal cleared by FTC

  • Google to let any US resident buy Google Glass on 15 April, but says spots are limited (updated)

    Pocket-lint - Thu, Apr 10, 2014

    Update: Any US resident will soon have the opportunity to buy Google Glass. Google has announced that it'll expand its Glass Explorer Program on 15 April, when it'll let any adult-aged US resident purchase Glass for $1,500 (plus tax). To register for a pair, quickly fill out Google's Glass form next week. As for eager Glass fans living outside of the US, Google apologised for the limited Explorer program expansion: "We’re just not ready yet to bring Glass to other countries," the company said.  More »Google to let any US resident buy Google Glass on 15 April, but says spots are limited (updated)

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