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Reuters - 53 minutes ago
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Divided FCC adopts Internet traffic rules
WASHINGTON - A divided Federal Communications Commission adopted Internet traffic rules on Tuesday, attracting warnings they would be rejected in the courts and threats from Republican lawmakers to overturn them. The rules highlight a huge divide between those who say the Internet's openness needs guarding against the power of big high-speed Internet providers like Comcast Corp <CMCSA.O>, and those believe the Internet will flourish without regulation.
Microsoft says 1.5 million Windows Phone 7s sold in 6 weeks
LOS ANGELES - More than 1.5 million cellphones carrying Microsoft Corp's <MSFT.O> Windows Phone 7 operating software have sold in the first six weeks of launch, meeting what the company called "realistic" expectations. Windows Phone 7, unveiled in October, may be Microsoft's last chance to establish a major presence in a hot market now dominated by Apple Inc <AAPL.O> and Google Inc <GOOG.O>, analysts say.
"Call of Duty: Black Ops" sets record for Activision
LOS ANGELES - Activision Blizzard Inc <ATVI.O> has raked in more than $1 billion in worldwide sales of "Call of Duty: Black Ops," the latest installment of the U.S. game publisher's most successful franchise. That performance built on the previous benchmark of $650 million of sales in the game's first five days, which set a five-day global record for a movie, book or videogame, the company said.
Apple TV sales expected to rise to 1 million
NEW YORK - Apple Inc <AAPL.O> expects sales of Apple TV to top 1 million units this week, showing that the device is gaining traction in bringing the Web to TV. Apple also said on Tuesday that iTunes users are now renting and buying more than 400,000 TV shows and more than 150,000 movies per day.
People can't live without high-speed Internet: poll
NEW YORK - High-speed Internet has had the greatest technological impact on society over the past decade and is the technology most people say they cannot live without, according to a new poll. Twenty four percent of 1,950 U.S. adults questioned in the online survey conducted by Zogby International said high-speed Internet had the greatest impact on their lives, followed closely by Facebook at 22 percent and Google with 10 percent.
SEC investigating Hurd's exit from HP: source
SAN FRANCISCO - Regulators are looking into the events surrounding Mark Hurd's abrupt exit as chief executive of Hewlett Packard Co <HPQ.N>, a source familiar with the matter said on Monday. The SEC's probe was first reported by the Wall Street Journal, which cited anonymous sources as saying the Securities and Exchange Commission was investigating claims that Hurd shared inside information with an ex-contractor ahead of its $13.9 billion acquisition of Electronic Data Systems in 2008.
Google eyes smaller players after Groupon: report
BANGALORE - Google <GOOG.O> is in talks with smaller players in the online discount coupon market after Groupon turned down the web giant's $6 billion buyout offer, the New York Post said, citing a source close to the situation. Groupon's smaller rivals LivingSocial and BuyWithMe may now be on Google's radar after Groupon deal fell through, the Post said.
Hulu freezes IPO plan, mulls more pay services: report
LOS ANGELES - Internet video service Hulu is ditching plans to go public for now, choosing to focus on other financing options and new subscription models to expand a nascent pay-video business, the Wall Street Journal reported on Monday. The online video operation, backed by Walt Disney Co <DIS.N>, General Electric Co's <GE.N> NBC, News Corp <NWSA.O> and Providence Equity Partners, is exploring alternative means of raising capital, including getting existing investors to inject more capital, the newspaper reported, citing people familiar with the matter.
Venezuela tightens Internet regulation
CARACAS - Venezuela's parliament approved tighter regulation of the Internet on Monday in the latest of a package of laws to entrench President Hugo Chavez's socialist "revolution" before a new Assembly is sworn-in next month. Members of his ruling Socialist Party say the move brings South America's top oil producer into line with international norms for policing the Web. But opposition politicians say it is aimed at stifling dissent.
Sprint CFO Bob Brust to retire, Qwest exec will replace him
NEW YORK - Sprint Nextel Corp <S.N> Chief Financial Officer Bob Brust will retire and be replaced by Qwest Communications International Inc's <Q.N> CFO Joseph Euteneuer. Brust, 67, will remain as CFO until Euteneuer joins the team. Euteneuer will join after CenturyLink completes its purchase of Qwest, the wireless phone company said on Tuesday.
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US regulators approve 'net neutrality' rules AFP - 32 minutes ago
US-TECH Summary Reuters - 53 minutes ago
Sprint CFO Bob Brust to retire, Qwest exec will replace him Reuters - 53 minutes ago
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