 | Good afternoon Bit |  |  | Research in Motion shares fell to a two-year low after the Blackberry maker said it has recalled about 1,000 of its Playbook tablets due to an operating system bug. Most of the devices affected remain in the distribution channel and haven't yet been sold to customers, the Canadian company said in a statement posted on CrackBerry.com.
RIM said it will replace faulty tablets and prompted customers who had received one to contact the company for help. Engadget, the technology blog that first broke the news over the weekend, has compiled a spreadsheet of the 935 alleged serial numbers affected by the recall.
Sony began restoring access to its PlayStation Network games service over the weekend, nearly a month after it was shut down due to a massive security breach that exposed personal details of 100 million users. The Japanese electronics and entertainment company apologized to customers for the service disruption and said it had implemented a new early warning system that would help prevent similar attacks in the future. Sony will phase in service on a country by country basis with the aim of having the process completed by May 31.
AT&T plans to launch a wireless security service for consumers next year that will help combat a big spike in cyber attacks on mobile devices, said John Stankey, the company's head of enterprise business, in an interview ahead of the Reuters Technology and Telecommunications Summit. Stankey said customers' current reluctance to pay for such services will likely change as they become more aware of security threats that arise from using smartphones to download Web-based applications.
Barnes & Noble marked a milestone on Monday as it announced that 1 million applications had been downloaded from its Nook Color marketplace after its first week of business. Angry Birds topped the list as the most popular paid application, with Solitaire, Drawing Pad, Aces Jewel Hunt and Astraware rounding out the top five on the list. | | | LATEST NEWS | | AOL expands local news network in U.S. | | May 16, 2011 02:59 PM ET | | NEW YORK (Reuters) - AOL Inc is expanding its local news network, Patch, with the launch of 33 sites in targeted states as the United States gears up for a national election. | Full Article | | | BUSINESS NEWS
| | New TMX takeover proposal eyes foreign expansion | | May 16, 2011 03:42 PM ET | | TORONTO (Reuters) - A proposal by a group of Canadian banks and pension funds to take over the operator of the Toronto Stock Exchange offers cost savings and opportunities for international growth, the group said on Monday. | Full Article | | Lowe's cuts outlook after weak spring sales | | May 16, 2011 10:54 AM ET | | NEW YORK (Reuters) - Lowe's Cos reported weaker-than-expected quarterly results on a slow start to the spring selling season, prompting the world's second-largest home improvement chain to cut its forecast for the year. | 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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