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Reuters - 54 minutes ago
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Apple boasts 1.7 million iPhone 4 sales
NEW YORK - Apple Inc <AAPL.O> had sold 1.7 million units of the iPhone 4 worldwide by Saturday, June 26, its most successful product launch yet, the company said on Monday. Sales of the touchscreen smartphone, which competes with devices from Nokia <NOK1V.HE>, Research In Motion <RIM.TO> and Motorola <MOT.N>, surpassed some analysts' expectations, as well as those of Apple itself, which has been having trouble keeping up with demand.
Foursquare close to obtaining funding: report
PHILADELPHIA - Startup website Foursquare, a location-based services company, is close to getting new funding that would allow it to expand, The Wall Street Journal reported on Sunday. The terms of the deal were not disclosed. The funding, led by Silicon Valley venture-capital firm Andreessen Horowitz, could be announced as early as this week, the newspaper reported in its online edition.
Obama endorses plan to boost wireless broadband
WASHINGTON - U.S. President Barack Obama endorsed on Monday plans by regulators to nearly double the spectrum now available for wireless devices. The White House announced a plan modeled after proposals by the Federal Communications Commission to free up 500 megahertz of spectrum over the next 10 years to meet the demand for laptop computers and smartphones such as Apple Inc's <AAPL.O> popular iPhone.
Germany says Apple must improve data transparency
BERLIN - Apple Inc <APPL.O> must "immediately make clear" what data it collects from users of its products and for what purposes, Germany's justice minister was quoted as saying by Der Spiegel magazine on Saturday. "Users of iPhones and other GPS devices must be aware of what kind of information about them is being collected," Sabine Leutheusser-Schnarrenberger told the German weekly.
Salesforce sues Microsoft as legal feud escalates
BOSTON - Salesforce.com Inc <CRM.N> is suing Microsoft Corp <MSFT.O> for alleged patent violations, the latest development in a legal battle that began last month when Microsoft accused Salesforce of stealing its intellectual property. The world's biggest maker of Web-based software charged that Microsoft is infringing five Salesforce patents in programs, including in the Windows Server operating system and the widely used .Net platform.
ATM security flaws could be a jackpot for hackers
BOSTON - A security expert has identified flaws in the design of some automated teller machines that make them vulnerable to hackers, who could make the ubiquitous cash dispensers spit out their cash holdings. Barnaby Jack, head of research at Seattle-based, security firm IOActive Labs, will demonstrate methods for "jackpotting" ATMs at the Black Hat security conference in Las Vegas that starts on July 28.
E-books pave way for more blockbusters, serials
NEW YORK - Stieg Larsson copycats take note: The slow rise of electronic books is paving the way for more safe-bet fiction blockbusters and serial-type books, at least in the short term, according to some book experts. With book sales stagnating in recent years, the nascent e-books market has thrown the industry into turmoil. In response, large publishers are taking fewer financial risks and betting more of their dollars on established authors, said Eileen Gittins of self-publishing company Blurb.com.
Pakistan to monitor Google, others for blasphemy
ISLAMABAD - Pakistani authorities on Friday put seven major websites, including Google and YouTube, under watch for containing material deemed offensive to Muslims, officials said. The Ministry of Information Technology is also blocking at least 17 links on Youtube and other websites for showing "blasphemous material."
Fans scramble for Apple's iPhone upgrade
NEW YORK/PARIS/TOKYO - Apple <AAPL.O> fans lined up overnight by the hundreds outside stores in the United States, Europe and Japan to snap up the latest iPhone, setting a new benchmark in the fast-growing smartphone market. It sold a record 600,000 in pre-orders in a single day last week and analysts expect upwards of a million sold in 24 hours: a record for a consumer electronics company and easily outstripping the pace of the last iPhone.
Suicide-hit Foxconn hands over staff dormitories
TAIPEI - Electronics maker Foxconn Technologies <2038.HK>, under fire for its working practices after a string of worker suicides, will sign over management of staff dormitories at its complexes in Shenzhen, southern China, to other companies, it said on Friday. Ten suicides this year at the sprawling manufacturing base has brought intense scrutiny of Taiwan's Hon Hai Precision Industry Co Ltd <2317.TW>, the owner of Foxconn, which makes the iPhone and other products for Apple <AAPL.O> and also counts Dell <DELL.O> and Hewlett-Packard <HPQ.N> among its clients.
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Other News on Tuesday, 29 June 2010 Iran freezes nuclear talks for two months
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US-TECH Summary
Obama moves to free spectrum for wireless revolution
Western oil firms stop business with Iran
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