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Israeli military networks breached by hackers: researchers
Sat, 18 Apr 2015 05:23:12 -0400

Illustration file picture shows a man typing on a computer keyboard in WarsawBy Joseph Menn SAN FRANCISCO (Reuters) - Hackers have managed to penetrate computer networks associated with the Israeli military in an espionage campaign that skillfully packages existing attack software with trick emails, according to security researchers at Blue Coat Systems Inc. The four-month-old effort, most likely by Arabic-speaking programmers, shows how the Middle East continues to be a hotbed for cyber espionage and how widely the ability to carry off such attacks has spread, the researchers said. Waylon Grange, a researcher with the Blue Coat [PRJCBB.UL] who discovered the campaign, said the vast majority of the hackers' software was cobbled together from widely available tools, such as the remote-access Trojan called Poison Ivy. The hackers sent emails to various military addresses that purported to show breaking military news, or, in some cases, a clip featuring "Girls of the Israel Defense Forces." Some of the emails included attachments that established "back doors" for future access by the hackers and modules that could download and run additional programs, according to Blue Coat.


Denver teacher's third grade assignment goes viral online
Fri, 17 Apr 2015 18:48:46 -0400

By Keith Coffman DENVER (Reuters) - A Colorado teacher who posted notes from her third grade class online and started a social media whirlwind under the hashtag #IWishMyTeacherKnew said on Friday the assignment had been a revelation for her. Kyle Schwartz, 26, asked the eight- and nine-year-olds at her Denver inner city school to write down something they wished she knew about them, partly as a writing exercise, and partly as a way for her to learn about her pupils. Schwartz, a self-described suburban girl who has taught at southwest Denver's Doull Elementary for three years, said she has conducted the exercise each year, in part because she wanted to underline the issue of poverty in U.S. inner cities.

GM counting on high-speed Internet services in car to drive profits
Fri, 17 Apr 2015 14:29:26 -0400

File photo of General Motors logo outside its headquarters at the Renaissance Center in DetroitNow, as the company prepares to expand the technology to most of its 2016 U.S. models, GM is lifting the curtain on its digital business strategy.    During a recent investor presentation, company executives put a number on their 4G expectations for the first time, saying they expect to reap at least $350 million in improved profits over the next three years from adding the OnStar 4G systems to its cars.     GM is the first automaker to reveal its projections, but it is not alone in chasing digital profits. As in-car broadband usage grows, GM's estimates could turn out to be conservative, some analysts say, since the potential for revenues from in-car broadband connections are still being developed. Taking a cut of e-commerce transactions conducted on in-car systems is one obvious revenue generator, but automakers also expect that software upgrades pushed through a broadband connection will one day save them hundreds of dollars per car in repair costs.


EU to investigate transparency of Internet search results: document
Fri, 17 Apr 2015 12:59:26 -0400

European Union flags flutter outside the EU Commission headquarters in BrusselsBy Julia Fioretti BRUSSELS (Reuters) - Internet platforms such as Google, Microsoft and Yahoo! will be the subject of a widespread inquiry by European regulators to determine whether they are transparent enough in how they display search results. In a draft of the Commission's strategy for creating a digital single market, seen by Reuters, it says it will "carry out a comprehensive investigation and consultation on the role of platforms, including the growth of the sharing economy." The investigation, expected to be carried out next year, will look into the transparency of search results - involving paid for links and advertisements - and how platforms use the information they acquire. European Commission Vice-President Andrus Ansip is expected to formally announce the new strategy on May 6. The transparency of search results came under particular scrutiny this week when the European competition chief accused Google of cheating competitors by distorting web search results to consistently favor its own shopping service.


Cyberbullying is avenged by a digital ghost in horror 'Unfriended'
Fri, 17 Apr 2015 12:45:38 -0400

"Unfriended," out in U.S. theaters on Friday, follows six high school students gathering on the video conferencing platform Skype on the anniversary of the suicide of a fellow student, who killed herself after an embarrassing video of her was posted online. Filmed entirely as if the events are unfolding on a computer screen, a mysterious entity joins the group's Skype conversation and begins to coerce secrets out of each friend, before exacting gory revenge one by one, as the others watch in horror. It also highlights online trolls, carelessly posting insults from the safety net of being anonymous and behind a computer screen. "We're using horror movie language, but the story is about one of the biggest problems on the Internet." "Unfriended," released by Comcast Corp's Universal Pictures, was an experimental project, made for less than $1 million.

Europol Director: hackers target banks, not customers
Fri, 17 Apr 2015 11:50:31 -0400

By Toby Sterling THE HAGUE (Reuters) - Banks, rather than their customers, are increasingly the main target of online thieves, Europol director Rob Wainwright said on Friday in an interview. "That has been an important change," Wainwright told Reuters after a conference on cyber security in The Hague.

Media-Saturn founder objects to iBood.com takeover
Fri, 17 Apr 2015 09:41:43 -0400

Erich Kellerhals, the founder and minority owner of Media-Saturn, has objected to the way the electronics chain purchased Dutch online retailer iBood.com, stoking a long-running power struggle with majority owner Metro AG. Kellerhals said on Friday Media-Saturn bought iBOOD.com without obtaining the required shareholder approval. Europe's biggest consumer electronics retailer said on Thursday it was buying a majority stake in iBOOD.com as part of a belated push into e-commerce. "The Media-Saturn shareholders meeting on April 15 did not approve the acquisition of iBOOD GmbH," Kellerhals's investment vehicle Convergenta said in a statement on Friday.

Chinese classified ad site 58.com to buy 43 percent of rival Ganji
Fri, 17 Apr 2015 05:56:06 -0400

Chinese classified advertising site 58.com Inc said on Friday that it had agreed to buy a 43.2 percent stake in rival Ganji.com, marking further consolidation in the mainland's hot technology sector. In February, China's two leading taxi-hailing apps Didi Dache and Kuaidi Dache agreed to merge, creating a $6 billion company. New York-listed 58.com, dubbed the Craigslist of China and backed by Tencent Holdings Ltd , said it would issue 34 million new ordinary shares and pay $412.2 million in cash to acquire the stake in Ganji.com. 58.com is buying the stake from Ganji.com shareholders including private equity firms Tiger Global Management, Carlyle Group and CITIC Capital, venture capital firms Sequoia Capital, Nokia Growth Partners and Ganji.com's employees and management, said the person, who was not authorized to speak publicly about the matter.

Sony Pictures condemns Wikileaks release of documents from hackers
Thu, 16 Apr 2015 16:51:56 -0400

A logo is pictured outside Sony Pictures Studios in Culver CitySony Corp's Sony Pictures Entertainment objected to the online release by WikiLeaks on Thursday of a searchable database of more than 30,000 documents that were obtained by hackers in a massive cyber attack last year. "The cyber-attack on Sony Pictures was a malicious criminal act, and we strongly condemn the indexing of stolen employee and other private and privileged information on WikiLeaks," the company said in a statement. Sony Pictures said it "will continue to fight for the safety, security, and privacy of our company." The documents stolen by the hackers were made available to the media last year. The release of 30,287 documents and 173,132 emails on WikiLeaks makes the information widely available and searchable.


Russia cannot divide Europe over Ukraine, says German minister
Thu, 16 Apr 2015 12:14:47 -0400

German Foreign Minister Frank-Walter Steinmeier said on Thursday Russia could not succeed in breaking European Union unity on sanctions over Ukraine by using strategies such as offering to remove trade embargoes against individual EU member states. There were such attempts and they were not successful," he said in Lithuania, where concern about neighboring Russia's intervention in Ukraine is especially acute. Steinmeier said EU member states had debated the issue and it had proved controversial but unity had prevailed: "Our decision was taken, so I think the attempt to split Europe will fail." Greek Prime Minister Alexis Tsipras's visit to Moscow this month caused unease in the European Union, where he was warned not to break ranks over economic sanctions imposed on Russia.

Microsoft and Yahoo amend search deal
Thu, 16 Apr 2015 11:45:51 -0400

A Yahoo logo is pictured in front of a building in Rolle(Reuters) - Microsoft Corp and Yahoo Inc amended a 2009 search partnership, giving Yahoo more control over how search results are displayed on desktops and mobile devices. The 10-year search partnership, crafted by former Microsoft CEO Steve Ballmer and former Yahoo CEO Carol Bartz, allowed the companies to amend or terminate it after five years. Last month, the companies extended by 30 days the deadline to renegotiate the deal. Earlier, Microsoft controlled how Bing displayed search results on Yahoo websites accessed on PCs. ...


Panasonic eyes doubling of airline Wi-Fi installation to meet demand
Thu, 16 Apr 2015 06:04:12 -0400

File photo of a mobile phone connected to Wi-Fi network on board a Norwegian Airways Boeing 737-800 at Berlin Schoenefeld AirportBy Victoria Bryan HAMBURG (Reuters) - Panasonic Avionics says it will need to double the rate at which it installs Wi-Fi systems on aircraft to catch up with skyrocketing demand from airlines to keep passengers connected above the clouds. Airlines are rushing to install Wi-Fi on board, seeing not only an opportunity to meet demands from customers to be always connected, but also to make the most of advertising contracts from companies keen on access to this captive audience. Panasonic Avionics, part of Panasonic Corp, says it has won a 46 percent share of business for Wi-Fi systems since 2009, taking the lead over rivals such as OnAir, Gogo and Global Eagle's Row44. "We installed 488 systems on aircraft last year, but the rate needs to double to 1,000 a year to catch up with demand," Neil James, executive director sales and marketing, told Reuters at the Aircraft Interiors Expo in Hamburg this week.


Net neutrality row grows louder in India, Internet.org hit
Thu, 16 Apr 2015 05:33:36 -0400

A staff member stands next to a display screen during a joint news conference by Reliance Communications Ltd and Facebook Inc in MumbaiA group of India's leading technology and Internet firms has pulled out of Internet.org, Facebook's flagship effort to get billions more online, in a growing debate over free access and internet neutrality in the country. Net neutrality is the concept that all websites on the internet are treated equally. The debate over access and neutrality has grabbed headlines in India this week after leading telecom carrier Bharti Airtel announced a product through which mobile "app" makers pay for data usage to allow customers to use their apps for free. Activists and some users in the country, home to the world's third-largest population of Internet users, argue such platforms and subsidized access go against the idea of net neutrality.


No sex please, just cutesy flirting and strawberries for China's online hostesses
Thu, 16 Apr 2015 03:36:11 -0400

Wider Image: China's Online HostessesBy Natalie Thomas BEIJING (Reuters) - In China's online hostessing world, men find virtual company and the women can find riches. Student Xiao Yue, 21, spends four hours most days chatting online with fans who shower her with virtual roses and other presents. She is one of more than 10,000 hostesses on the internet site bobo.com, a live broadcasting web platform where anyone can record themselves singing, playing piano, dancing or just chatting. Xiao Yue’s specialty is to sajiao – a very Chinese type of flirting characterized by the woman acting in a cutesy childlike manner and speaking in a whiny voice.


Adultery website seeks like-minded investors for coming-out party
Thu, 16 Apr 2015 02:04:11 -0400

Ashley Madison founder Biderman demonstrates his website on a tablet in Hong KongAshley Madison, an online dating agency for cheating spouses, is betting on Europe's "laissez faire" attitude to extramarital affairs to succeed in London where it failed in North America. The website's Canadian parent plans to raise up to $200 million by listing its shares in London this year, five years after a lack of investor appetite caused it to pull an attempt to list at home. "In Europe, we have simply got a more laissez faire attitude towards a business such as ours," Christoph Kraemer, director of international relations for Ashley Madison, told Reuters on Wednesday. With more than 34 million members worldwide, Ashley Madison claims to be the world's second-largest dating website.


Internet provider wants 'net neutrality' challenge heard in New Orleans
Thu, 16 Apr 2015 01:59:43 -0400

Howell attends a pro-net neutrality Internet activist rally in the neighborhood where U.S. President Obama attended a fundraiser in Los AngelesA Texas-based Internet provider is requesting that a federal appeals court in New Orleans, not one in Washington, be the court that hears a challenge to new Web traffic regulations known as "net neutrality" rules. Alamo Broadband Inc filed a lawsuit on Wednesday in the 5th U.S. Circuit Court of Appeals in New Orleans, asking it to review the regulations from the Federal Communications Commission. Last month, Alamo lost an earlier bid to have the challenge heard in the 5th Circuit when a judicial panel selected a different court, the U.S. Court of Appeals for the District of Columbia Circuit, in a random lottery.


Yahoo and Facebook shares outperform Google in Frankfurt
Thu, 16 Apr 2015 01:52:55 -0400

Facebook CEO Mark Zuckerberg speaks during his keynote address at Facebook F8 in San FranciscoThe Frankfurt-listed shares of Internet companies Yahoo and Facebook outperformed those of rival Google , after media reports that Google would face anti-trust action from the European Union. Yahoo's Frankfurt-listed shares were up 1.1 percent, while Facebook's Frankfurt-listed stock rose 1.3 percent. By contrast, Google's shares in the German market edged 0.1 percent lower. The European Union will accuse Google Inc on Wednesday of abusing its dominant position in Internet searches, opening the U.S. tech company up to a risk of massive fines and enforced changes in its business model, reported the Financial Times and Wall Street Journal.


Free, open Internet essential, U.S. commerce secretary tells China
Thu, 16 Apr 2015 01:27:14 -0400

U.S. Commerce Secretary Penny Pritzker makes a speech at Microsoft China Center in BeijingAn open and free Internet is essential in the 21st century, U.S. Commerce Secretary Penny Pritzker told Chinese officials on Thursday, urging them to ensure that government functions as an enabler of entrepreneurship, rather than a barrier. Pritzker is leading a three-city trade mission to China, focused largely on green industries, to boost business links despite friction over issues including high-tech exports and cybersecurity regulations. "We work to expand access to broadband and to protect a free and open Internet, which is absolutely a necessity for any firm in the 21st century, for them to be successful," Pritzker said at the China Executive Leadership Academy Pudong, a state-run training school for up-and-coming Communist leaders. "You have a very important role to play, to ensure that government is working as a catalyst and enabler rather than a barrier to entrepreneurship," Pritzker said.


Microsoft quietly content as EU moves on Google
Wed, 15 Apr 2015 21:01:19 -0400

By Bill Rigby SAN FRANCISCO (Reuters) - Microsoft Corp emanated an air of quiet satisfaction on Wednesday as European antitrust regulators readied charges against rival Google Inc for abusing its monopoly power in the online search business. The software giant, one of the leading complainants against Google in the EU, has been pushing for closer regulatory scrutiny on its online rival for years both in public and behind the scenes. Long-time staffers at Microsoft, still scarred from its own battles with U.S. and European regulators over the last two decades, did not express sympathy for Google facing a similar process. "They have to go through what they have to go through," said one Microsoft general manager, who was closely involved in the company's public relations at the time of Microsoft's antitrust trial against the U.S. Department of Justice, which started in late 1998 and dragged on until early 2000.

After charging Google, EU antitrust chief declares independence
Wed, 15 Apr 2015 20:16:53 -0400

By Alastair Macdonald BRUSSELS (Reuters) - Google boss Eric Schmidt might have missed it in the uproar over the EU's antitrust charges against the U.S. tech giant, but European Competition Commissioner Margrethe Vestager wants to congratulate him. It was a throwaway line in an hour-long press conference in Brussels as Vestager moved dramatically against Google a day ahead of her first big working visit to the United States. The EU accused Google of abusing its dominance of Internet searches to push its own products. The reason we use it is that Google has very good products," said Vestager, who moved in under six months to a prosecution that her predecessor eschewed for five years, much to the fury of some big EU governments.

Internet provider Alamo sues in New Orleans to block FCC rules
Wed, 15 Apr 2015 18:28:55 -0400

(Reuters) - Texas-based Internet provider Alamo Broadband Inc filed a lawsuit on Wednesday asking the federal appeals court based in New Orleans to block new web traffic regulations from the Federal Communications Commission. Alamo Broadband filed a similar lawsuit on March 23, also in the 5th U.S. Circuit Court of Appeals, but the company said in court papers that it has since realized that its earlier lawsuit was premature.

EU accuses Google of hurting consumers, competitors in Web search case
Wed, 15 Apr 2015 18:02:11 -0400

EU Competition Commissioner Vestager addresses a news conference in BrusselsBy Alastair Macdonald and Julia Fioretti BRUSSELS (Reuters) - The European Union accused Google Inc on Wednesday of cheating consumers and competitors by distorting Web search results to favor its own shopping service, after a five-year investigation that could change the rules for business online. It also started another antitrust investigation into the Android mobile operating system, a key element in Google's strategy to maintain revenues from online advertising as people switch from Web browser searches to smartphone apps. EU Competition Commissioner Margrethe Vestager said the U.S. company, which dominates Internet search engine markets worldwide, had been sent a Statement of Objections - effectively a charge sheet - to which it has 10 weeks to respond. Investigations into Google's business practices in other areas would continue.


Past EU antitrust probes show Google stock may languish
Wed, 15 Apr 2015 18:02:11 -0400

The European Union launched an antitrust probe on Wednesday into Google Inc's Android system, and if recent history is any indicator, the shares of the Internet services company might have trouble until the issue is resolved. Intel Corp fell about 35 percent during an EU investigation between July 2007 and May 2009. The EU initiated three investigations into Microsoft Corp between 2008 and 2013. The first two were resolved without a fine, but over the period of the third investigation, which was resolved with a fine, the stock fell about 5 percent.

Google rivals urge U.S. Justice Department to probe Android: sources
Wed, 15 Apr 2015 17:13:07 -0400

By Diane Bartz and Dan Levine WASHINGTON/SAN FRANCISCO (Reuters) - Google Inc competitors are pushing U.S. antitrust enforcers to investigate allegations the Internet services company unfairly uses its Android system to win online advertising, two people with knowledge of the matter said. A small number of technology companies have complained to the Department of Justice that the Android mobile operating system is anti-competitive, said the sources, who declined to be named to protect business relationships. Google reached a settlement in 2013 with the U.S. Federal Trade Commission over Web search allegations. The meetings between Google critics and regulators predate Wednesday's announcement by the European Union after a five-year probe that Google distorted Web search results to favor its own shopping service.

Google faces fight or flight choice against EU regulators
Wed, 15 Apr 2015 15:56:52 -0400

The Californian-based firm believes it has a strong case and, according to one source familiar with Google's thinking on the matter, is not afraid to go to court if new European Competition Commissioner Margrethe Vestager rejects possible compromises, as her predecessor did on three occasions, most recently last year. "We will talk to the Commission," the source told Reuters. In recent years, a dozen European and U.S. companies have protested to the European Union about how their shopping sites are ranked in Google search results.

EU case against Google centers on value of price comparison sites
Wed, 15 Apr 2015 13:52:28 -0400

EU accusations that Google is abusing its dominant position in web searching to favor its own sites over rivals' center on a controversy nearly as old as the Web itself: do shopping comparison sites help consumers to make better choices, or do they simply link to other sites they don't control? Google has long held the lion's share of the market for how consumers search for websites in most countries. These complaints focus on the constantly evolving formulas Google uses to determine which web links rank higher on its search result pages in terms of value to users. Since 2009, a dozen European and U.S. companies have protested to the EU about their treatment by Google.

Set of all-girl quintuplets born at Texas hospital
Wed, 15 Apr 2015 12:33:00 -0400

(Reuters) - A Houston woman gave birth to five girls in four minutes by cesarean section last week and all are doing well, a Texas hospital said. All were within the appropriate weight for that gestational age and currently require only a modest support for their breathing, The Woman's Hospital of Texas said on Tuesday in a statement. Danielle Busby and her husband, Adam Busby, named the girls Olivia Marie, Ava Lane, Hazel Grace, Parker Kate and Riley Paige. One girl weighed 2 pounds 6 ounces at birth, three weighed 2 pounds 4 ounces and one weighed 2 pounds, Adam Busby said on the blog.

EU charges seen unlikely to hurt Google valuation
Wed, 15 Apr 2015 12:15:39 -0400

The European Union's charges against Google Inc for distorting Web search results to favor its own shopping service are unlikely to hurt the company's valuation, analysts said. The charges, which come after a five-year investigation, could lead to a fine of up to 10 percent of Google's annual sales, or about 6.2 billion euros ($6.6 billion). If Google were to stop the practices immediately, the impact on revenue trajectory over the next 12-18 months would be minimal, Bernstein analyst Carlos Kirjner said in a note. Wells Fargo analyst Peter Stabler said the release of a formal objection was not surprising, given settlement talks had collapsed last year.

Factbox: EU charges Google in Internet search antitrust case - what next?
Wed, 15 Apr 2015 11:37:41 -0400

By Julia Fioretti BRUSSELS (Reuters) - The European Commission charged Google Inc on Wednesday with cheating competitors by distorting Internet search results to favor its own shopping service, and opened a separate investigation into its Android mobile operating system. When the investigation was opened in November 2010, then Competition Commissioner Joaquin Almunia set out four concerns. The first, to which Wednesday's statement of objections relates, concerns the way in which Google allegedly positions its Google Shopping service above rivals' services, irrespective of its merits. Competition Commissioner Margrethe Vestager, a Danish liberal, said Wednesday's decision to focus on Google's shopping service does not preclude following up with formal charges concerning the three remaining areas of investigation.

Highlights: EU charges Google over shopping searches, to probe Android
Wed, 15 Apr 2015 07:41:10 -0400

The European Union accused Google Inc on Wednesday of cheating competitors by distorting Internet search results in favor of its Google Shopping service and also launched an antitrust probe into its Android mobile operating system. "Today's statement of objections on comparison shopping is of course limited.

Company executives poorly placed to handle rising cyber risk: KPMG survey
Wed, 15 Apr 2015 06:59:35 -0400

Illustration file picture shows a man typing on a computer keyboard in WarsawLess than half of company boards have the necessary skills to manage the rising threat of cyber attacks, a survey of global investors showed, with four of five respondents suggesting they might blacklist businesses that have been hacked. The research from consultancy firm KPMG, which surveyed 133 institutional investors running a total $3 trillion in assets, also showed that 43 percent of investors believe board members of the companies they invest in have a level of skill and knowledge to manage innovation and risk in the digital world that is unacceptable. "Investors see data breaches as a threat to a company's material value and feel discouraged in investing in a business that has had its sensitive information compromised," Malcolm Marshall, global leader of KPMG's cyber security practice said. KPMG said global investors were waking up to the issue of cyber security following a number of high profile breaches on companies including Sony Pictures Entertainment.


Google says strongly disagrees with EU Commission's competition probe
Wed, 15 Apr 2015 06:38:14 -0400

Google Inc said on Wednesday it strongly disagreed with the European Commission which accused the U.S. company of distorting Internet searches in its favor and launched an antitrust probe into its mobile operating system Android. In a blog post, the company said the search results displayed for shopping queries had not harmed the competition and partner agreements with mobile phone operators were voluntary. "It's why we respectfully but strongly disagree with the need to issue a Statement of Objections and look forward to making our case over the weeks ahead," Google said in a blog post. The Commission, whose control of antitrust matters across the wealthy 28-nation bloc gives it a major say in the fate of global corporations, can fine firms up to 10 percent of their annual sales -- or a penalty of over $6 billion for Google.

EU does not want to interfere with Google screen design: Vestager
Wed, 15 Apr 2015 06:32:23 -0400

The European Union wants to help consumers with its case against Google and does not want to interfere with the Internet search giant's screen design or algorithm, the EU's competition chief, Margrethe Vestager, said on Wednesday. Vestager told a news conference that Google had engaged in distorting online shopping search results in a broad number of EU member states since 2008 "and continues to do so". We do not wish to interfere with screen design, with design choices (...) or how the algorithm works. Rather, what we would like to see, is that consumers are certain to see the best comparison shopping results," she said after the EU accused Google of cheating competitors by distorting Internet search results in favor of its Google Shopping service.

EU antitrust chief to make statement on Google
Wed, 15 Apr 2015 05:46:58 -0400

People pose with laptops in front of projection of Google logo in this picture illustration taken in ZenicaBRUSSELS (Reuters) - European Competition Commissioner Margrethe Vestager will make a statement around noon (6.00 a.m. ET) on Wednesday after the weekly meeting of the EU's executive, the European Commission said. She is expected to accuse Google Inc of abusing its dominant position in Internet searches following five years of investigation of complaints by competitors. The Re/code blog quoted what it said was an internal memo from the U.S. ...


EU antitrust chief to make statement at 2.00 p.m. ET
Wed, 15 Apr 2015 05:28:16 -0400

BRUSSELS (Reuters) - European Competition Commissioner Margrethe Vestager will make a statement around noon (2.00 p.m. ET) on Wednesday after the weekly meeting of the EU's executive, the European Commission said. She is expected to accuse Google Inc of abusing its dominant position in Internet searches following five years of investigation of complaints by competitors. The Re/code blog quoted what it said was an internal memo from the U.S. ...

EU antitrust charge sheet against Google could take several months: sources
Wed, 15 Apr 2015 05:24:19 -0400

BRUSSELS (Reuters) - EU competition regulators will not have a formal antitrust charge sheet against Google ready for Wednesday and it could still take several months to draw up, two sources familiar with the matter said. Competition Commissioner Margrethe Vestager is expected to announce on Wednesday that she is preparing a formal charge sheet setting out her concerns with the U.S. company's alleged abuse of its dominant position in Internet search, the Wall Street Journal and Financial Times reported on Tuesday. ...

China's JD.com sets up cross-border e-commerce platform in challenge to Alibaba
Wed, 15 Apr 2015 02:07:22 -0400

Liu, CEO and founder of JD.com, gestures before ringing the opening bell at the NASDAQ Market Site building in New YorkBy Paul Carsten BEIJING (Reuters) - JD.com Inc, China's No. 2 e-commerce player, on Wednesday launched its JD Worldwide cross-border online shopping platform, a challenger to Alibaba Group Holding Ltd's Tmall Global service. JD Worldwide will allow Chinese shoppers to buy imports from U.S. firms such as Nike Inc, Starbucks Corp and Ocean Spray Cranberries Inc, as well as products from countries like Australia, France, Germany, Japan, South Korea, New Zealand and the United Kingdom, JD.com said in a press release. Overseas suppliers will provide more than 1,200 brands, without those merchants requiring a presence in China. The venture adds to a host of online retail rivals for Alibaba and Amazon.com Inc catering to fears about the quality and safety of Chinese goods after a number of scares, and comes on the back of a Chinese government push to promote e-commerce and relax import restrictions.


EU to announce antitrust moves against Google on Wednesday: papers
Tue, 14 Apr 2015 19:14:20 -0400

People pose with laptops in front of projection of Google logo in this picture illustration taken in ZenicaBy Julia Fioretti BRUSSELS (Reuters) - The European Union will accuse Google on Wednesday of abusing its dominant position in Internet searches, opening the U.S. tech company up to a risk of massive fines and enforced changes in its business model, the Financial Times and Wall Street Journal said on Tuesday. The EU can impose fines of up to 10 percent of global turnover, or more than $6 billion in penalties in Google's case. An EU official said Competition Commissioner Margrethe Vestager would make an important announcement about Google on Wednesday, after the EU's executive holds its weekly meeting. The Commission's chief spokesman would not confirm the reports, which cited EU officials, but said there would be a news conference around noon after the meeting.


American Cable Association appeals FCC's net neutrality rules
Tue, 14 Apr 2015 18:39:14 -0400

NEW YORK (Reuters) - The American Cable Association filed a lawsuit on Tuesday against the the U.S Federal Communications Commission's net neutrality order. The trade group representing cable companies filed its appeal in the U.S. Court of Appeals for the D.C. Circuit. (Reporting by Malathi Nayak; Editing by Chizu Nomiyama)

AT&T appeals against FCC's net neutrality rules
Tue, 14 Apr 2015 18:39:14 -0400

NEW YORK (Reuters) - AT&T Inc on Tuesday filed a lawsuit challenging the U.S Federal Communications Commission's net neutrality rules. (Reporting by Malathi Nayak)


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