 | Good afternoon Bit |  |  | Sony CEO Howard Stringer broke his silence on the biggest Internet security break-in ever, apologizing to users of the PlayStation Network and other online services. Stringer did not specify when services would resume.
One analyst said security concerns could weigh on sales of Sony's gadgets and hurt growth prospects for its network services. "The network business itself still only makes a small direct contribution to earnings, but we see a potential drop in hardware sales as a concern," analyst Kota Ezawa at Citigroup Global Markets Japan, wrote in a note ahead of the comments from Stringer.
But Peter Walshe at brands research agency Millward Brown said the main Sony brand should bounce back, although PlayStation specifically might suffer. "People may shout: 'I'm never going to buy Sony again,' but in our experience that doesn't tend to happen."
The attack on Sony, as well as a massive outage at Amazon.com's cloud computing center, have caused some businesses to put the brakes on plans to move their operations into the cloud, writes Jim Finkle. Experts in digital security say that investors, businesses and consumers have put too much faith in the cloud, Finkle adds.
Intel's latest manufacturing breakthrough sends a clear warning to rival ARM Holdings not to get too complacent with its overwhelming lead in the red-hot mobile arena, writes Noel Randewich. Intel's new "Tri-Gate" technology flips flat chip design on its side -- thereby making it "3D" -- an approach considered but not yet implemented by Intel rivals like Samsung, GlobalFoundries, and Taiwan's TSMC. However, ARM's chips are the industry standard for Apple's mobile gadgets and other devices running Google's Android operating system, a trend Intel will find increasingly difficult to reverse as time goes on, Randewich adds.
The Wall Street Journal's "SafeHouse", its version of WikiLeaks, was criticized by security researchers who say the Journal has yet to learn a basic rule of digital whistleblowing: leaking sites aren't meant to leak, writes Forbes's Andy Greenberg. Within hours of launch of Safehouse on Thursday, the security community had pointed to flaws in the site's protections for anonymous leakers and its policy for source protections that could give away the identities of would-be whistleblowers, adds Greenberg. A Journal spokesperson responded in a statement that SafeHouse is working to fix one of the flaws over the weekend, and had been updated to use only more secure types of encryption. | | | LATEST NEWS | | Analysis: Skype, better with Facebook than Google? | | May 06, 2011 07:33 AM ET | | NEW YORK (Reuters) - As two Internet powerhouses slug it out to tie the knot with Skype, Facebook looks likely to be a more aggressive suitor than Google, and the world's largest social network may make for a better fit. | Full Article | | Global 3D TV market to grow 5-fold in 2011: iSuppli | | May 06, 2011 04:20 AM ET | | SEOUL (Reuters) - The global 3D television market will grow more than 5-fold to account for 11 percent of flat-screen TV sales this year, as prices fall sharply and manufacturers add the function as an add-on feature, research firm IHS iSuppli predicted on Friday. | Full Article | | Mexico mayor eyes new mobile quake alert this year | | May 06, 2011 04:18 PM ET | | MEXICO CITY (Reuters) - The mayor of Mexico City, a quake-prone metropolis of 20 million people, said on Friday he is planning a warning system that will send alerts directly to mobile phones seconds before an earthquake strikes. | Full Article | | Foxconn Brazil iPad deal facing barriers: reports | | May 06, 2011 12:51 PM ET | | SAO PAULO (Reuters) - Taiwanese electronics giant Foxconn wants to begin assembling iPads in Brazil by July, but it is still seeking tax breaks and other government concessions as part of an investment plan that could be worth up to $12 billion, Brazilian media reported on Friday. | Full Article | | | BUSINESS NEWS
| | Stocks end up after solid payrolls | | May 06, 2011 04:11 PM ET | | NEW YORK (Reuters) - An unexpectedly strong report on payrolls helped stocks bounce back on Friday from four days of losses, tempering worries that stocks could follow the sharp declines seen this week in commodities. | Full Article | | Fed officials show in no rush to scale back stimulus | | May 06, 2011 04:38 PM ET | | NEW YORK (Reuters) - Two Federal Reserve officials on Friday stressed there will be no rush to roll back the U.S. central bank's super-easy monetary policy with the labor market still healing and inflation expectations largely in check. | Full Article | | Oil gutted in record weekly drop | | May 06, 2011 04:45 PM ET | | NEW YORK (Reuters) - Oil fell on Friday to cap a frenzied trading week that sliced prices by a record of more than $16 a barrel on demand worries and a move by investors to slash commodities exposures. | Full Article | | PIMCO would only buy Treasuries on recession risk | | May 06, 2011 04:03 PM ET | | NEW YORK (Reuters) - PIMCO's Bill Gross, who runs the world's largest bond fund, said on Friday the only way he would reverse his "short" position on U.S. government-related bonds and purchase Treasuries again is if the United States heads into another recession. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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