Technology Report: IBM pays $10 million to settle bribery complaint

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	03/18/2011
Good afternoon Bit Work has begun on the first Nokia smartphones based on Microsoft software following the partnership announced by the companies last month, Nokia CEO Stephen Elop told Reuters. RIM is battling wireless carriers over control of where key data related to mobile payments will reside in upcoming BlackBerry devices equipped with near field communication (NFC) technology, writes The Wall Street Journal's Phred Dvorak and Stuart Weinberg. A letter that had prompted Mark Hurd's abrupt exit as chief of Hewlett-Packard Co was ordered unsealed by a Delaware judge, potentially revealing more details of his dramatic exit last year. Rovio, the developer of the "Angry Birds" mobile game, plans a U.S. initial public offering in the next five years, a move that could give investors a chance to tap into the fastest growing segment of the video game industry. AT&T started cracking down on mobile customers using an app to enable tethering on their jailbroken iPhones, asking them to stop or pay up, writes Engadget's Donald Mendelson. The 21st century needs a revitalized consumer advocacy movement driven by social media, writes Purpose.com's Jeremy Heimans. He suggests scaling platforms like Carrotmob to make activism fun, supporting location-based initiatives such as Good Guide, helping consumers distinguish between authentic and inauthentic corporate realignments through crowdsourced campaigns like parodies of Chevron's "We Agree" ad campaign and using online organizing techniques to instantly coordinate campaigns that encourage companies to do the right thing. LATEST NEWS IBM pays $10 million to settle bribery complaint March 18, 2011 03:03 PM ET NEW YORK (Reuters) - IBM has agreed to pay $10 million to settle a complaint its employees tried to bribe South Korean and Chinese officials with cash, gifts and entertainment in return for business for more than a decade. | Full Article Rush for wireless airwaves may drive risky deals March 18, 2011 12:15 PM ET NEW YORK (Reuters) - In the telecommunication industry's land grab for wireless airwaves, investors better brace for U.S. deals that are bewildering -- or worse. | Full Article Supply concerns grow as Japan lacks parts, power March 18, 2011 12:44 PM ET MADRID/PARIS (Reuters) - From Apple's new iPad to Chevrolet pick-ups, concern is spreading down the global manufacturing supply chain about the impact of Japan's earthquake last week. | Full Article Wall Street rises but investors see more volatility March 18, 2011 04:49 PM ET NEW YORK (Reuters) - Stocks gained after a week of heightened volatility on Friday, but investors were reluctant to make big bets due to turmoil in the Middle East and Japan's nuclear crisis. | Full Article Fed joined G7 in yen intervention: NY Fed spokesman March 18, 2011 10:30 AM ET NEW YORK (Reuters) - The U.S. Federal Reserve joined other Group of Seven central banks in intervening in currency markets to help weaken the Japanese yen on Friday, a New York Federal Reserve spokesman told Reuters. | Full Article BUSINESS NEWS JPMorgan, Wells Fargo boost payouts after Fed tests March 18, 2011 02:40 PM ET NEW YORK/WASHINGTON (Reuters) - JPMorgan Chase & Co, Wells Fargo & Co and other major U.S. banks plan to boost their dividend payments after passing stress tests evaluated by the Federal Reserve. | Full Article Goldman to buy Buffett's $5 billion preferred shares March 18, 2011 04:15 PM ET NEW YORK (Reuters) - Goldman Sachs Group Inc will buy back $5 billion of preferred stock from Warren Buffett, ending a costly deal that had helped shore up confidence in the bank at the height of the financial crisis. | Full Article G7 cenbanks in rare currency action after yen surge March 18, 2011 04:50 PM ET TOKYO/NEW YORK (Reuters) - A coordinated move by central banks of rich nations to stabilize the yen appeared to be working on Friday, tamping its value down after Japan's devastating earthquake and nuclear crisis triggered a yen surge and raised fears about the global economy. | Full Article Japan lays power cable in race to stop radiation March 18, 2011 04:41 PM ET TOKYO (Reuters) - Exhausted engineers attached a power cable to the outside of Japan's tsunami-crippled nuclear station on Saturday in a race to prevent deadly radiation from an accident now rated at least as bad as America's Three Mile Island in 1979. | Full Article Obama says Libyan forces must pull back March 18, 2011 04:48 PM ET TRIPOLI (Reuters) - President Barack Obama said on Friday Muammar Gaddafi's government must end violence and pull back troops from towns under attack, or face military action. | Full Article U.S. TOP NEWS Yemen in state of emergency after protest massacre Judge temporarily blocks Wisconsin anti-union law France calls for job commitments after Yoplait deal Ice cream seller accused of dealing drugs Charlie Sheen adds 12 more dates to live tour RELATED VIDEO New animation shows progression of Japan quake Elephant collars allow GPS tracking in Kenyan anti-poaching effort New gene therapy restores sight to blind mice A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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