Technology Report: FTC, Justice Dept mull Google antitrust probe

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	04/5/2011
Good afternoon Bit Cisco chief John Chambers admitted that the networking giant had been slow to make decisions, fallen down on execution, lacked discipline in an aggressive expansion and will need to change to restore its credibility. He warned staff to prepare for a number of unspecified changes in the next few weeks and coming fiscal year, starting in August. Cisco's poor performance, valuable assets, cash pile and years of capital misallocation provide the kindling to spark long-suffering shareholders into an uprising, writes Rob Cox. Tens of millions of customers and employees of banks Citigroup and Capital One, retailers Walgreens, Best Buy and Target, and hotel chains Hilton and Marriott are at risk of "spear-phishing" attacks if they respond to camouflaged emails seeking their credit card numbers or other information, after hackers stole their email addresses in what may become one of the biggest data breaches ever, security experts warned. Using emails that appear to come from a trustworthy source to steal data -- is sometimes known "spear-phishing" because such emails are more focused than traditional "phishing" emails. The mobile app Fring is expanding its video calling feature to include free group calls for the iPhone and Android platforms, writes Mashable's Jennifer Van Grove. The feature isn't ready yet but will be tested on a limited group of users. LATEST NEWS FTC, Justice Dept mull Google antitrust probe April 05, 2011 05:30 PM ET WASHINGTON (Reuters) - U.S. antitrust regulators may investigate Google Inc's dominance of the Web search industry, and will settle on the agency to launch a probe once scrutiny into the company's plan to buy ITA software is done, a source told Reuters. | Full Article Obama links to Facebook for economy townhall April 05, 2011 03:22 PM ET WASHINGTON (Reuters) - President Barack Obama will visit Facebook's California headquarters on April 20 and hold a town hall forum on the economy with Facebook Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg, the White House said on Tuesday. | Full Article Texas Instruments to buy NatSemi for $6.5 billion April 05, 2011 10:37 AM ET SAN FRANCISCO (Reuters) - Texas Instruments Inc is buying National Semiconductor Corp for $6.5 billion, paying a rich 78 percent premium to merge two of the industry's oldest firms into a dominant force in analog microchips used in products ranging from phones to cars. | Full Article Targeted cyber attacks to rise further: Symantec April 05, 2011 09:56 AM ET HELSINKI (Reuters) - Targeted cyber attacks will pose a growing threat to companies around the world this year after the Stuxnet worm hit Iran's nuclear program in 2010, security software maker Symantec Corp said on Tuesday. | Full Article S&P hovers near resistance but weak volume persists April 05, 2011 04:43 PM ET NEW YORK (Reuters) - The S&P 500 failed to break a key technical resistance level for a second day on Tuesday as low trading volume raised further questions about the market's strength. | Full Article BUSINESS NEWS Minutes show Fed split over timing of policy exit April 05, 2011 04:41 PM ET WASHINGTON (Reuters) - Divisions at the U.S. Federal Reserve over how soon to reverse course on monetary policy emerged more clearly last month, although the central bank appeared intent to complete a $600 billion bond-buying plan. | Full Article Late Easter, gas prices hit U.S. store sales April 05, 2011 02:40 PM ET CHICAGO (Reuters) - March sales at U.S. retail chains probably dropped modestly, held back by the combination of a later Easter and higher gasoline prices. | Full Article Obama warns shutdown would hurt economy April 05, 2011 04:57 PM ET WASHINGTON (Reuters) - President Barack Obama warned on Tuesday that a federal government shutdown would seriously disrupt the U.S. economy, after Republican and Democratic leaders failed to make headway on a budget deal. | Full Article Nasdaq index rebalancing slashes Apple's influence April 05, 2011 04:20 PM ET NEW YORK (Reuters) - Nasdaq's late-night announcement of plans to rebalance its benchmark Nasdaq-100 Index spurred volatility in Apple shares and surprised U.S. fund managers who questioned the timing of the announcement. | Full Article China ups rates 4th time since October April 05, 2011 08:41 AM ET SHANGHAI/BEIJING (Reuters) - China's central bank increased interest rates on Tuesday for the fourth time since October, raising suspicions that data next week may show inflation rose more than expected in March. | Full Article U.S. TOP NEWS Gbagbo says ceasefire, not surrender, discussed Japan plant operator says may have slowed radioactive leak Special Report: Japan quake reveals cracks in insurance system NATO changes Libya tactics due to human shields Oregon thief with "good taste" nips $2,300 cognac RELATED VIDEO Love hurts, but break-ups cause real pain Gray skies over cloud music NASA delays Endeavour launch date A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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