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Reuters - 55 minutes ago
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U.S. video viewing site Hulu plans an IPO: report
BANGALORE - Hulu is planning an initial public offering which could value the U.S. video viewing site at more than $2 billion, the New York Times said. The company, which streams popular shows like "Glee" and "Modern Family," is in talks with investment banks to go public as soon as this fall, people briefed on the matter told the daily.
Hong Kong film hopes to break new ground with 3-D porn
HONG KONG - On the leafy fringes of Hong Kong in a shabby film studio, a nude ponytailed actor stretched out on animal-skins with his lover as the cameras rolled in a set evoking a subterranean sex lair in ancient China. Turning away from a slightly blurred high definition TV screen as the actors writhed, director Christopher Sun shouted "cut" whilst yanking off his 3-D glasses. "Good" he yelled.
Apple manager charged with taking kickbacks
CHICAGO - A manager at Apple Inc <AAPL.O> has been charged in California with taking kickbacks he received after leaking corporate secrets to Asian companies that supplied iPhone and iPod accessories, court documents showed. Paul Shin Devine, a global supply manager at technology company Apple since 2005, was accused by federal authorities of accepting kickbacks from six Asian companies. Authorities did not name the companies but said they were located in South Korea, China, Taiwan and Singapore.
BlackBerry assures India on access to services
NEW DELHI - Research In Motion has promised India a technical solution for decoding encrypted BlackBerry data, a senior official said on Friday, a step that could allay Indian security concerns about the smartphone and avert a shutdown. Indian authorities, who met with RIM officials on Friday, also pledged to go after other companies -- including Google <GOOG.O> and Skype -- to protect the country from cyber-spying and attacks planned over the Internet.
Oracle sues Google over Android
NEW YORK - Oracle Corp <ORCL.O> sued Google Inc <GOOG.O>, alleging patent and copyright infringement in the development of the popular Android smartphone software. The suit, filed on Thursday in California federal court, claims that Google "knowingly, directly and repeatedly infringed Oracle's Java-related intellectual property" in developing Android, Oracle spokeswoman Karen Tillman said in a statement. "This lawsuit seeks appropriate remedies."
"Scott Pilgrim" movie speaks to gamer generation
SAN DIEGO - Have video games finally gone mainstream? After decades of Hollywood adaptations of hit game franchises like Eidos' "Tomb Raider," Capcom's "Resident Evil" and Konami's "Silent Hill," Hollywood has created the first film that is designed to really speak to the video game generation.
Japan satisfied by Apple moves on overheating iPods
TOKYO - Japan's trade ministry said on Thursday that Apple Inc's <AAPL.O> Japan unit has satisfied its demands for improved safety notifications about overheating iPod nano portable music players. The ministry in a statement confirmed that the U.S. company, which it had chided for failing to provide timely warnings, has complied with its July order to publish visible safety advice on its Japan website and improve disclosure of incidents involving its equipment.
Key Pink Floyd albums drop from digital market
NEW YORK - If you're looking to buy the classic Pink Floyd albums "The Wall" or "Animals" as digital downloads, you're out of luck. Those albums as well as other post-"Dark Side of the Moon" titles like "Wish You Were Here" and "The Final Cut" -- all originally released on Columbia Records but distributed by EMI since 2000 -- have been pulled from digital retailers like iTunes and Amazon's MP3 store because EMI's contract covering those albums expired June 30.
Many Americans don't want government to push fast Internet
WASHINGTON - The majority of Americans do not favor making affordable high-speed Internet access a government priority, according to a study released by the Pew Internet & American Life Project on Wednesday. In a national phone survey of 2,252 adults, Pew researchers asked if expanding affordable broadband access to everyone in the country should be a top priority for the federal government.
Low prices drive second quarter phone sales up 14 pct: Gartner
HELSINKI - Sales of mobile phones rose 13.8 percent to 326 million units in the second quarter but average selling prices fell by more than expected amid intense competition, IT research firm Gartner said on Thursday. Sales of smartphones rose by 50 percent and accounted for 19 percent of shipments as more affordable data plans encouraged more consumers to try them.
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US-TECH Summary Reuters - 55 minutes ago
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