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Yahoo to sell half of its Alibaba stake for $7.1B
2012-05-21T15:25:33Z
 Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.
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Where are Facebook's friends? Stock down after IPO
2012-05-21T17:18:24Z
 Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday.
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Web series touts funky concept snowboards
2012-05-16T23:46:12Z
 In the summer of 2010, Signal Snowboards created the Web series "Every Third Thursday" to showcase the company's experimentation with funky concept boards. Think Science Channel’s “How It’s Made” — except with a lot more sass and a funkier setting.
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More Than 40,000 Orthodox Jews Hold Rally About Risks of Internet
2012-05-21T14:50:35Z
More than 40,000 of New York's ultra-Orthodox Jewish men gathered at Queens' Citi Field and another nearby stadium Sunday evening to discuss the danger the Internet can pose to the moral fabric of their community if it's used in thoughtless or religiously deviant ways.
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Cable cos to share access on 50,000 Wi-Fi hotspots
2012-05-21T18:10:37Z
Cable TV companies are trying to give their customers another reason not to cancel their service: better access to Wi-Fi hotspots.
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Court won't reduce student's music download fine
2012-05-21T19:13:53Z
 A former Boston University student who was ordered to pay $675,000 for illegally downloading and sharing 30 songs on the Internet says he will continue fighting the penalty, despite the Supreme Court's refusal Monday to hear his appeal.
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EU gives Google 'weeks' to ease antitrust concerns
2012-05-21T16:17:30Z
The European Union has given Google "a matter of weeks" to propose remedies to antitrust concerns arising from its alleged dominant position in the online search market.
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Reports: Nasdaq 'embarrassed' at Facebook delay
2012-05-20T23:46:21Z
The CEO of the Nasdaq stock exchange says it is "humbly embarrassed" by its bungling of Facebook's hugely anticipated debut as a public company on Friday.
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Google agrees to keep Android open for at least another five years
2012-05-21T17:51:00Z
Though just how “open” Google’s Android operating system is depends somewhat on who you talk to, the fact is that it’s one of the most open platforms on the market right now. It’s also going to stay that way, as Google has agreed to keep the platform free and open for “at least the next five years.”
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Facebook shares sink as reality overtakes hype
2012-05-21T19:21:56Z
 (Reuters) - Facebook shares sank in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Facebook's debut was beset by problems, so much so that Nasdaq said on Monday it was changing its IPO procedures. That may comfort companies considering a listing, but does it little for Facebook, whose lead underwriter, Morgan Stanley, had to step in and defend the $38 offering price on the open market. ...
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Court won't reduce student's music download fine
2012-05-21T19:13:53Z
A former Boston University student who was ordered to pay $675,000 for illegally downloading and sharing 30 songs on the Internet says he will continue fighting the penalty, despite the Supreme Court's refusal Monday to hear his appeal.
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In Cuba, mystery shrouds fate of Internet cable
2012-05-21T19:10:23Z
 It was all sunshine, smiles and celebratory speeches as officials marked the arrival of an undersea fiber-optic cable they promised would end Cuba's Internet isolation and boost web capacity 3,000-fold. Even a retired Fidel Castro had hailed the dawn of a new cyber-age on the island.
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Early Facebook mutual fund buyers likely made money
2012-05-21T19:07:53Z
(Reuters) - Fidelity Investments and other big mutual fund families that were early backers of Facebook Inc are likely still winners despite the social network's troubled stock market debut. Facebook shares were initially priced at $38 per share on Thursday after the market closed. Despite an initial bump, they have since fallen and were trading around $34 a share on Monday afternoon. That led to much hand-wringing among technology investors who had expected a bigger boost for the widely-used service. ...
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Investors relieved they got shut out of Facebook IPO
2012-05-21T19:07:53Z
NEW YORK (Reuters) - Curtis Arnold tried to buy Facebook Inc stock 10 times throughout the day on Friday through his online brokerage, E*Trade Financial Inc. Each time, he tried to make the $25,000 purchase of shares, E*Trade's trading site either timed out or he received a message that said trading in the stock had halted, Arnold said. "I finally got so frustrated that I quit," he said. Now that the stock is trading 10 percent below its original $38-per-share price, Arnold, who is founder of credit card rating site Cardratings.com, said he is relieved. ...
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Apple, Samsung CEOs in U.S. court talks on patents
2012-05-21T19:02:05Z
 SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd were summoned for court-directed mediation on Monday over the iPhone maker's claims the Korean firm has "slavishly" copied some of its products. Apple's Tim Cook and Samsung's Choi Gee-sung were instructed by a federal judge to appear for a two-day mediation to help resolve the bitter patent litigation between the two companies. There was no sign of either CEO at the San Francisco federal courthouse on Monday. ...
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Europe gives Google one last chance to end antitrust investigation
2012-05-21T18:30:55Z
 European Union antitrust regulators launched an investigation into Google’s search practices in November 2010 after rivals accused the company of promoting its own services ahead of theirs. EU Competition Commissioner Joaquin Almunia on Monday said regulators and Google were not looking at a lengthy proceeding, and if the Internet giant could meet certain demands, the antitrust investigation could be brought to a close, Reuters reported. “Google has repeatedly expressed to me its willingness to discuss any concerns that the Commission might have without having to engage in adversarial proceedings, this is why today I’m giving Google an opportunity to offer remedies to address concerns that we have identified,” Almunia said, adding that he wanted a proposal from Google “in a matter of
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Yahoo to sell an Alibaba stake for $7.1 billion, shares rise
2012-05-21T18:27:39Z
 SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion in a deal that moves the Chinese e-commerce leader closer to a public listing. Under the agreement, Yahoo will sell one-half of its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. ...
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There Was a lot of Internet at the Ultra-Orthodox Rally Against the Internet
2012-05-21T18:27:11Z
 That ultra-Orthodox rally in New York this weekend all about the evils of the Internet used the Internet in so many ways. At the gathering of 40,000 Jewish men in CitiField, a rabbi warned about all the horrible things the Web is doing to the chosen people. "This is reprogramming our way of life! It’s changing who we are!" said Rabbi Rav Ephraim Wachsman, according to BetaBeat's Adrienne Jeffries, a woman who went undercover to the event on Sunday. "Children are being turned into click-vegetables!" he continued.
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Cable cos to share access on 50,000 Wi-Fi hotspots
2012-05-21T18:10:37Z
Cable TV companies are trying to give their customers another reason not to cancel their service: better access to Wi-Fi hotspots.
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Google agrees to keep Android open for at least another five years
2012-05-21T17:51:00Z
Though just how “open” Google’s Android operating system is depends somewhat on who you talk to, the fact is that it’s one of the most open platforms on the market right now. It’s also going to stay that way, as Google has agreed to keep the platform free and open for “at least the next five years.”
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Morgan Stanley works on Facebook IPO orders: source
2012-05-21T17:41:00Z
NEW YORK (Reuters) - Morgan Stanley's brokerage affiliate, Morgan Stanley Smith Barney, has a "large number" of market orders entered on Friday for Facebook shares that still have not been reconciled, according to an adviser at the firm. The adviser, who is not allowed to talk to the media and who declined to be identified, received an email from Morgan Stanley Smith Barney sent to financial advisers right after Morgan Stanley Smith Barney's Monday morning meeting at 9 a.m. EDT (1300 GMT). ...
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‘Copyright cop’ system for U.S. ISPs delayed
2012-05-21T17:35:58Z
 The new “six strikes” anti-piracy policy soon to be implemented by a number of major Internet service providers in the United States will reportedly stumble out of the gate. The policy, which is set to be adopted by Comcast, Cablevision, Verizon, Time Warner Cable and other ISPs, will see action taken against users caught downloading pirated files in six steps, ultimately resulting in bandwidth throttling or even service suspensions. The system responsible for managing the new policy may not be ready on schedule, however, and the targeted launch date of July 12th may slip back as a result. According to a recent report from TorrentFreak, the newly formed Center for Copyright Information and major U.S. ISPs will not implement the new system on
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Where are Facebook's friends? Stock down after IPO
2012-05-21T17:18:24Z
Facebook's stock is tumbling well below its $38 IPO price in the social network's second day of trading as a public company on Monday.
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Key events involving Yahoo and its performance
2012-05-21T16:47:35Z
Key events involving Yahoo Inc. and its performance:
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Facebook investors left guessing after Nasdaq glitch
2012-05-21T16:44:53Z
(Reuters) - Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for newly issued Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches in recent years. Massive demand for the social networking giant's initial public offering, which set a trading volume record for U.S. market debuts, led to a 30-minute delay in the start of trading in the stock. But it was what happened after trading started that had some on Wall Street fuming. ...
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Facebook Droops and a Bubble Bursts
2012-05-21T16:37:17Z
 Even as the stock market pounds Facebook's freshly issued shares, analysts and techies are still defending the newest public company. After Friday's debacle, which was in part caused by technical glitches, which Nasdaq says it has now fixed, the Facebook sympathizers told us to wait. Day one wouldn't tell the whole story. But Facebook's second day on the market hasn't eased our fears that we're in a social media bubble. In fact, it only suggests the bubble is coming to its end.
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3-year-old iPhone 3GS primed for revival
2012-05-21T16:30:18Z
 Apple’s iPhone 3GS was unveiled nearly 3 years ago in June 2009, and some found its familiar styling and modest hardware upgrades to be disappointing. The handset went on to be Apple’s best-selling smartphone until its successor launched the following year, and the iPhone 4 would be Apple’s best-selling iPhone until the iPhone 4S launched last year and drove the biggest quarter in Apple’s history. The iPhone 3GS will be 3 years and 3 generations old when Apple’s sixth iPhone is unveiled later this year, but one analyst believes the Cupertino, California based company is ready to breathe new life into the handset. According to Jefferies & Company analyst Peter Misek, Apple has signed a deal with a “major global distributor”
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EU gives Google 'weeks' to ease antitrust concerns
2012-05-21T16:17:30Z
The European Union has given Google "a matter of weeks" to propose remedies to antitrust concerns arising from its alleged dominant position in the online search market.
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News Summary: EU presses Google to ease concerns
2012-05-21T16:16:56Z
THE DEADLINE: The European Union is giving Google Inc. "a matter of weeks" to outline steps it is willing to take to ease concerns about alleged abuses of its dominant position in the online search market.
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News Summary: 'Transformers' roll out in new ride
2012-05-21T16:10:51Z
 3D" debuts Friday at Universal Studios Hollywood and opened in December at Universal Studios Singapore.
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Nasdaq modifies its IPO applications
2012-05-21T16:04:22Z
Nasdaq says it has modified its system for handling initial public offerings after technical glitches marred the debut of Facebook on Friday.
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Samsung seeks cross-licensing deal as talks to end Apple patent war commence
2012-05-21T15:35:05Z
 Samsung’s mobile boss JK Shin on Sunday confirmed to reporters that the South Korea-based consumer electronics giant is making new efforts to end its patent war with Apple. While Shin did admit that there is still much work to be done, he said there are a number of possible resolutions that the companies will consider. “There is still a big gap in the patent war with Apple but we still have several negotiation options including cross-licensing,” Shin told reporters at the Seoul airport while waiting to board a flight to the United States with Samsung CEO Choi Gee-sung, Reuters reports. Samsung and Apple are scheduled to meet today in an effort to take the first steps toward putting an end to
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Nasdaq announces plan for unfilled Facebook orders
2012-05-21T15:29:43Z
NEW YORK (Reuters) - Nasdaq has engaged federal regulators to untangle the problems that occurred at the opening of Facebook Inc's initial public offering on Friday that could eventually result in financial restitution for investors who did not get shares at the desired price. The Financial Industry Regulatory Authority will review requests from investors whose orders were not filled at the opening cross price of $42 or were filled at an inferior price, the Nasdaq said in a statement. FINRA will report on the total value of investor claims to Nasdaq. ...
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Yahoo to sell half of its Alibaba stake for $7.1B
2012-05-21T15:25:33Z
Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.
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Katy Perry Gives New Video the Facebook Timeline Treatment
2012-05-21T15:16:26Z
Katy Perry's new music video for "Wide Awake," a song the pop star debuted at Sunday's Billboard Music Awards, tells the story of her recent career events as displayed through Facebook's Timeline feature.
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More Than 40,000 Orthodox Jews Hold Rally About Risks of Internet
2012-05-21T14:50:35Z
More than 40,000 of New York's ultra-Orthodox Jewish men gathered at Queens' Citi Field and another nearby stadium Sunday evening to discuss the danger the Internet can pose to the moral fabric of their community if it's used in thoughtless or religiously deviant ways.
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Presenting The BGR Show
2012-05-21T14:28:03Z
 Over the past six years, BGR has grown into one of the most prominent destinations in the world for mobile and tech news. We have broken some of the biggest stories in tech and offered up some of the most honest opinions. But we’ve never done video. Today, we’re announcing The BGR Show, and I couldn’t be more thrilled to partner with a long-time friend of mine, Pharrell Williams, to bring the show to his new YouTube channel, i am OTHER. The BGR Show won’t be a boring show that looks at the technical aspects of cell phones. It’s a show that focuses on the fact that technology is now present in practically every aspect of our lives, and we’ll
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Fill This Glass With Guinness, Get a QR Code
2012-05-21T14:14:43Z
Can your beer glass do this?
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Alibaba in talks to raise $2.3 billion equity for Yahoo deal: sources
2012-05-21T14:10:52Z
 SINGAPORE/HONG KONG (Reuters) - Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings , to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc. , two sources said. Entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Alibaba is looking to raise about a third of the $7.1 billion through issuance of equity to shareholders, one of the sources told Reuters. ...
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Top iPhone apps: 100 Floors still topping charts
2012-05-21T14:10:38Z
 The iPhone game 100 Floors continues to rule free app download charts in countries including the UK, Canada and Australia, while video editing apps are popular in the USA and Italy. Details of this and other top free iPhone applications by country* for the week, by number of downloads, recorded on May 21 can be found below.
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