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Reuters - 1 hour 37 minutes ago
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Game industry in flux, investors watch and wait
SAN FRANCISCO - Video game publishers say they have positioned themselves to capitalize on the future of digital entertainment. Investors will need more convincing. The heads of the major U.S. game makers, speaking this week at the Reuters Global Media Summit, explained why the battering from investors was unwarranted.
Google ends Street View trespass case, pays $1
NEW YORK - Google Inc <GOOG.O> admitted to trespassing, but will pay just $1 to resolve a lawsuit over its use of photos of a couple's Pennsylvania home for its Street View mapping service. The agreement ends a case brought by Aaron and Christine Boring, who said the Internet search company violated their privacy by photographing their Pittsburgh home and swimming pool without their permission. They said the home sits on a street clearly marked "Private Road."
Mobile firms seeing ads coming to handsets
PARIS - The long awaited uptake of the potentially lucrative mobile advertising market by advertisers and consumers has actually started to happen, companies from Canada, Egypt and Poland said on Friday. Advertisers have great hopes for the cellphone market due to the personal nature of phones and the potential to know where customers are at any time, but have been held back by the small screen size and potential hostility from customers.
WikiLeaks diverts to European websites amid U.S. fury
PARIS - WikiLeaks directed readers to a web address in Switzerland on Friday after two U.S. Internet providers ditched it in the space of two days, and Paris tried to ban French servers from hosting its trove of leaked data. The Internet publisher directed users to www.wikileaks.ch after the wikileaks.org site on which it had published classified U.S. government information vanished from view for about six hours.
Russian man tells U.S. court not guilty in global spam scheme
MILWAUKEE, Wis - A 23-year-old Russian man pleaded not guilty on Friday to charges he operated a spam e-mail business that may have accounted for a third of global spam, and he was ordered held without bail. Appearing in a U.S. court in an orange prison jumpsuit with a lawyer and an interpreter in tow, Oleg Nikolaenko asked a federal magistrate to consider allowing him a form of house arrest in Milwaukee pending trial.
Republicans cool to "do not track" Web plan
WASHINGTON - Republicans, who will control the House of Representatives in January, greeted the idea of Internet "do not track" legislation coolly on Thursday, expressing concern that hindering advertiser access to consumers web browsing habits would slow innovation. Their opposition bodes badly for the Federal Trade Commission as it promotes a plan to allow consumers to bar data and advertising companies from monitoring what websites they view and what content they download.
Future of TV? Snapping, swiping and surfing
NEW YORK - Fall back on your sofa in five years, snap your fingers to turn on a TV that's thin as paper and stretches across a wall, then ask it to switch to your favorite sports channel so you can watch the day's baseball game in 3-D -- no glasses required. This is a portrait painted by top executives when asked about the future of TV at this week's Reuters Global Media Summit. Not all agreed on details -- some, like Viacom <VIAb.N> Chief Executive Philippe Dauman, warned big changes could take more than five years given that people tend to have "a very optimistic view of how quickly and widely devices will be adopted."
Samsung promotes heir apparent, shares hit record
SEOUL - Samsung Electronics <005930.KS> promoted its chairman's son, Jay Y. Lee, as president in a move that tightens the founding family's grip over the world's biggest memory chipmaker as it battles slower growth. Shares in Asia's most valuable company, with a market capitalization of $120 billion, ended up 4.1 percent at a record on hopes the change may spur growth at a firm struggling to stop Apple's <AAPL.O> march in the smartphone market.
SAP open to expanding cooperation with HP: paper
FRANKFURT - German business software maker SAP <SAPG.DE> is open to intensifying its existing cooperation with Hewlett-Packard Co <HPQ.N>, its co-CEO told a German paper, but dismissed talk HP may be interested in the company. "This is pure speculation," Jim Hagemann Snabe, who jointly leads SAP with Bill McDermott, told Sueddeutsche Zeitung in an interview published in Friday, when asked whether HP could be interested in SAP.
Amazon, eBay, Google going local
SAN FRANCISCO - Amazon.com <AMZN.O> and eBay Inc <EBAY.O> are investing in local Internet services, jumping aboard the increasingly popular and lucrative business of catering to local shoppers and stores. Amazon, the world's largest online retailer, plans to invest $175 million in online coupon company LivingSocial, while e-commerce giant eBay is buying Milo.com, which lets users see if items they seek are available on local store shelves.
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