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Reuters - 21 minutes ago
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Google denies leaving China, seeks negotiations
SHANGHAI - Google Inc enters a second week of high stakes brinkmanship with China's government, amid speculation the firm has decided to pull out of the world's biggest Internet market over cyber-spying concerns. Google, the world's most popular search engine, said last week it was thinking about quitting China after suffering a sophisticated cyber-attack on its network that resulted in theft of its intellectual property.
Apple turns up heat in Nokia battle with ITC filing
HELSINKI - Nokia <NOK1V.HE> said it would defend itself vigorously against Apple's <AAPL.O> new complaint to the United States International Trade Commission. The two phone giants are in the midst of a major legal battle, which started last October when Nokia charged Apple for using its patented technologies without paying for them.
Yahoo pulled into Google fracas, Alibaba reacts
SHANGHAI - Yahoo got pulled into a growing row between China and Google on Saturday, as its Chinese partner slammed Yahoo's statements supporting Google while a source revealed the search giant had stayed silent about cyber-attacks. Yahoo knew it had been a target of sophisticated Chinese cyber attacks on U.S. firms before Google <GOOG.O> alerted the company to them, but remained silent while its bigger rival went public, a source familiar with the situation told Reuters.
U.S. texting raises $11 million for Haiti
SAN FRANCISCO - Cellphone users in the United States have contributed more than $11 million to Haitian earthquake relief through text messages in what is being hailed as an unprecedented mobile response to a natural disaster. The Mobile Giving Foundation called it a "mobile-giving record" for funds raised for a single cause. Donations are rising swiftly, it said, as former President Bill Clinton and other politicians urge the American people to give.
Intel earnings good for sector despite selloff
SAN FRANCISCO_ - Stellar results from Intel Corp <INTC.O> could signal brighter tech earnings results in coming weeks, but analysts warn stocks themselves may be stuck in a short-term correction. Intel shares fell more than 3 percent even after analysts from Credit Suisse, Raymond James and JMP Securities, among others, raised their price targets on the stock. JMP Securities and Thinkequity raised their ratings to "outperform" and "buy" respectively.
Wall St sets bar higher for IBM in 2010 after rally
NEW YORK - IBM's <IBM.N> quarterly results should show a solid recovery in technology spending, but investors will likely want reassurance of stronger growth in 2010 before pushing its stock price much higher. Shares of International Business Machines Corp have risen almost 60 percent in the past year as the company sidestepped the worst of the downturn by cutting costs and shifting its business mix to more profitable services and software.
Court asked to allow prosecution for "sexting"
PHILADELPHIA - A teenage girl who appeared topless in a "sexting" cell phone picture that was distributed among her middle-school classmates should face child-pornography charges, a Pennsylvania prosecutor argued before a U.S. appellate court on Friday. In the first U.S. case to test the constitutional status of "sexting," the American Civil Liberties Union countered that the incident does not come close to meeting the definition of child pornography which typically depicts graphic sexual acts with minors and is done for commercial gain.
Google, Verizon file joint Internet remarks with FCC
WASHINGTON - Google Inc <GOOG.O> and Verizon Communications Inc <VZ.N> said they support "minimal" Internet regulation and "reasonable" network management as regulators weigh open Internet rules. In a filing submitted late on Thursday to the Federal Communications Commission, both companies, seemingly strange bedfellows, acted jointly for the second time since posting a joint blog in October.
Verizon, AT&T cut fees, expand price war
NEW YORK - The two largest U.S. wireless carriers, Verizon and AT&T, cut their rates on Friday, escalating a price war that began with smaller carriers. Verizon Wireless, the biggest U.S. mobile service, said it would cut prices 30 percent for voice customers. It was followed by similar price cuts from its main rival, AT&T Inc <T.N>.
Juniper confirms cyber attack after Google case
NEW YORK - Juniper Networks Inc <JNPR.N> said on Friday it was one of the victims of a cyber attack in China first brought to light by Google Inc <GOOG.O>, which has threatened to quit the country. "Juniper Networks recently became aware of, and is currently investigating, a cyber security incident involving a sophisticated and targeted attack against a number of companies," Juniper spokeswoman Amy Lee said in a statement.
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