Technology Report: Anonymous to Sony: It wasn't us

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	05/5/2011
Good afternoon Bit Facebook and Google are separately considering a tie-up with Skype after the Web video conferencing service delayed its initial public offering, two sources with direct knowledge of the discussions told Reuters. A Skype deal could be valued at $3 billion to $4 billion, the first source said. The discussions are in early stages, and it is not clear which option the companies favor, the first two sources said. Apple released a software update to fix a problem that enabled its mobile devices to collect and store customers' location data, making good on a promise it made last week. The update, which is available through its iTunes stores and automatically pops up when an iPhone or iPad is synced, said it "contains changes to the iOS crowd-sourced location database cache." Antitrust law was inadequate to preserve the openness of the Internet and to allow innovation to flourish, FCC Chairman Julius Genachowski told a congressional hearing, defending Internet road rules adopted last year. The FCC adopted the contentious Internet order in December, banning service providers like Comcast, AT&T and Verizon from blocking traffic on their networks. LATEST NEWS Anonymous to Sony: It wasn't us May 05, 2011 04:29 PM ET BOSTON (Reuters) - The Internet vigilante group Anonymous denied responsibility for a cyber-attack on Sony Corp's networks that exposed the personal data of more than 100 million video gamers. | Full Article Sony's insurers to help foot bill for data breach May 05, 2011 04:16 PM ET NEW YORK/BOSTON (Reuters) - Sony is looking to its insurers to help cover the cost of cleaning up a data breach that exposed the names of more than 100 million customers, an amount that one expert estimates could exceed $2 billion. | Full Article RIM embraces BlackBerry rivals to remain relevant May 05, 2011 02:12 PM ET ORLANDO, Florida (Reuters) - Research In Motion's decision to open its highly secure Enterprise servers to Apple and Android smartphones is a once-unthinkable concession that could save the BlackBerry maker's skin. | Full Article Amazon's Kindle to be sold at 3,100 Walmart stores May 05, 2011 02:08 PM ET CHICAGO (Reuters) - Wal-Mart Stores Inc said on Thursday that it would start selling Amazon.com Inc's Kindle this week, as Amazon continues to bring the electronic reader into more shops to attract potential buyers. | Full Article Service launched for publishers to evade Apple cut May 05, 2011 08:34 AM ET LONDON (Reuters) - Digital technology company Yudu launched a service on Thursday to help magazine publishers evade the 30 percent commission that Apple charges to deliver content to iPhones and iPads through its App Store. | Full Article BUSINESS NEWS Commodities rout forces Wall St retreat May 05, 2011 04:38 PM ET NEW YORK (Reuters) - Stocks fell for a fourth day on Thursday as a massive sell-off in commodities spilled into other markets, forcing investors out of riskier assets and rattling the equities market before Friday's payrolls data. | Full Article Visa profit rises 24 percent but shares fall May 05, 2011 04:39 PM ET NEW YORK (Reuters) - Visa Inc's quarterly profit rose 24 percent, slightly beating estimates, as increasingly confident consumers spent more money on their credit and debit cards. | Full Article Kraft profit falls after gain a year earlier May 05, 2011 04:22 PM ET NEW YORK (Reuters) - Kraft Foods Inc reported a sharply lower first-quarter profit on Thursday because of the absence of a gain that it posted a year earlier. | Full Article Cisco trims fat and sets shake-up in motion May 05, 2011 04:33 PM ET BOSTON/NEW YORK (Reuters) - Cisco Systems Inc CEO John Chambers, cutting back a bloated management bureaucracy he helped build, has kicked off a sweeping overhaul to revive the networking equipment maker's flagging fortunes. | Full Article Jobless claims jump points to slowing recovery May 05, 2011 04:42 PM ET WASHINGTON (Reuters) - The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth slowed in the first quarter, clouding the outlook for an economy that is struggling to gain speed. | Full Article U.S. TOP NEWS Democrats, Republicans edge closer on debt deal After bin Laden death, Obama visits Ground Zero House's Cantor says tax hikes off the table Pakistan threatens U.S. on cooperation if more raids Oil crashes 10 percent in record rout RELATED VIDEO Electric car battery boasts range of 450 km per charge Expanding McLaren eyes GT success Floating cities may be habitats of the future A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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