Technology Report: U.S. says it shut Coreflood computer crime network

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	04/13/2011
Good afternoon Bit New Yahoo board member Akamai President David Kenny is the obvious choice to replace struggling CEO Carol Bartz, writes The Wall Street Journal's Kara Swisher. Kenny is smooth and well-liked, has deep advertising experience, has a long relationship with Yahoo and its co-founder Jerry Yang and has tech cred as a leader of one of the Internet's most important infrastructure companies, being in regular contact with media giants, ad networks and video providers that are Akamai's clients, Swisher argues. Microsoft explained the delay in updating its new phone software, partly blaming handset manufacturers for the problem. Microsoft's JoeBelfiore did not name names, but said the company had started the update and ran into problems on some newly manufactured phones that would not function properly afterward. Samsung, HTC and LG Electronics are the main handset makers of Windows phones. A more comprehensive update, code-named Mango, will be available later this year, featuring performance bumps, live updates and applications that can run in the background while users move onto other programs, he said. Russian hacker attacks on the country's biggest blog site and a spy agency's warning to Gmail and Skype have raised fears that authorities are tightening their grip on dissent in a China-like assault on free speech ahead of next year's election, writes Thomas Grove. "This is a test drive during a very important year to see if it's possible to close down websites, in particular social networking sites in case of demonstrations," said Andrei Soldatov, head of the think-tank Agentura.ru. Libyan students are using mobile phones, an amateur video camera and YouTube to offer a glimpse of the war in the besieged city of Misrata where journalists are prevented from reporting freely. Under their Freedom Group channel, the group has posted some 130 videos, some of which include chilling footage of fierce street battles. LATEST NEWS U.S. says it shut Coreflood computer crime network April 13, 2011 05:18 PM ET WASHINGTON (Reuters) - U.S. authorities say they have shut down a computer crime ring that ran an international fraud scheme and likely infected more than 2 million computers worldwide in the past decade. | Full Article Man accused of hacking Fed computer pleads guilty April 13, 2011 04:16 PM ET NEW YORK (Reuters) - A Malaysian man accused of hacking into a Federal Reserve computer server pleaded guilty to possessing stolen credit and debit card numbers that the government said he intended to sell. | Full Article Motorola and Huawei settle trade secret dispute April 13, 2011 01:15 PM ET NEW YORK (Reuters) - Motorola Solutions Inc and China's Huawei Technologies Co have settled a legal dispute over trade secrets, clearing the way for Motorola to complete the sale of one of its business units to Nokia Siemens Networks. | Full Article U.S. Internet advertising revenue hits record high in 2010 April 13, 2011 03:35 PM ET NEW YORK (Reuters) - U.S. Internet advertising revenue jumped 15 percent to $26 billion in 2010, setting a record high and proving that more companies are opening up their coffers to reach people online. | Full Article Wall Street encouraged by tech, less so by JPMorgan April 13, 2011 04:32 PM ET NEW YORK (Reuters) - U.S. stocks finished mostly flat in a choppy session on Wednesday, as investors bet on strong technology earnings even as JPMorgan Chase's numbers weighed on other market sectors. | Full Article BUSINESS NEWS JPMorgan making fewer loans but profit still surges April 13, 2011 04:12 PM ET NEW YORK (Reuters) - JPMorgan Chase & Co said its total outstanding loans shrank for the fourth consecutive quarter, raising questions about the banking industry's ability to boost profit in coming years. | Full Article Economy improving but energy costs weigh: Fed April 13, 2011 04:07 PM ET WASHINGTON (Reuters) - The U.S. economy continued to improve over the past month on gains in manufacturing but firms are feeling the effects of higher energy and raw material costs, the Federal Reserve said on Wednesday. | Full Article Toys R Us IPO likely in July: source April 13, 2011 04:49 PM ET NEW YORK (Reuters) - Toys R Us is targeting an initial public offering in July, a source familiar with the matter told Reuters. | Full Article Schneider serious about bidding for Tyco April 13, 2011 03:22 PM ET NEW YORK/PARIS (Reuters) - France's Schneider Electric SA is serious about buying Tyco International Ltd, but lenders needed to finance a transaction above $30 billion are skeptical a deal for the U.S. conglomerate can be pulled off. | Full Article Doctor-turned-trader paid cash for stock tips: prosecutors April 13, 2011 04:45 PM ET NEW YORK/BOSTON (Reuters) - An Ivy League-trained doctor-turned-stock-picker has been charged with insider trading, accused of showering a French physician with cash and a luxury trip to New York in exchange for secret details on a biotechnology company. | Full Article U.S. TOP NEWS Obama sets goal on deficit cuts, rips Republicans Retail sales up modestly; growth forecasts pared Bank regulators reach settlements with mortgage lenders Banks face $3.6 trillion "wall" of maturing debt: IMF Man arrested for creating fake army unit RELATED VIDEO Iran unveils solar-powered car UK space industry still growing Tiny robot operates inside your eye A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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