Technology Report: Apple shares shrug off rebalancing of Nasdaq-100

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	05/2/2011
Good afternoon Bit RIM showed off a new version of its BlackBerry Bold phone with upgraded software, aiming to regain its stride after last week's profit warning and other recent stumbles. RIM also said it will manage corporate and government communications sent using Apple's iPhone and iPad, and devices running Google's Android software, through its secure BlackBerry Enterprise Server. The BlackBerry Bold Touch, the model most geared toward the business market, has a 2.8-inch screen and retains the company's trademark physical qwerty keyboard with a 1.2 GHz processor. It will ship with a near-field communication (NFC) chip, allowing the phone to be used as a mobile wallet, executives said at the annual BlackBerry World conference in Orlando. The Bold Touch running on Blackberry OS 7 will be released sometime this summer. The new OS won't be supported on older devices, the company said. Sohaib Athar, a resident of Abbottabad, the Pakistani city where Osama bin Laden was holed up in a fortified mansion, "liveblogged the Osama raid without knowing it", setting off a firestorm of activity on Twitter. Sony Online Entertainment temporarily shut down its online games service. A spokesman for the online games unit said the service was taken down at 1:30 am Pacific time on Monday. The spokesman declined to say how many customers were affected and none were alerted beyond a terse message on its website. Sony Online Entertainment is a division of the global electronics company that operates online games such as "EverQuest" and is separate from the PlayStation video game console division. Sony won over some gamers by offering free access to its PlayStation Network to compensate for the leak of personal details on 78 million user accounts, but still had some way to go to regain the trust of consumers. It's doubtful that Sony's handling of the Playstation debacle will be its Watergate, but so far it's not its Tylenol, either, writes Wired's John C. Abell. Dish Network and EchoStar will pay TiVo $500 million to settle a patent infringement lawsuit involving TiVo's video recording technology, putting an end to a long and costly legal battle. LATEST NEWS Apple shares shrug off rebalancing of Nasdaq-100 May 02, 2011 05:46 PM ET NEW YORK (Reuters) - Apple Inc is no longer the titan taking up more than one-fifth of the Nasdaq 100 Index, but it's still going to find plenty of buyers. | Full Article Facebook's growth exceeds expectations: report May 01, 2011 09:30 PM ET PHILADELPHIA (Reuters) - Facebook Inc's business is growing faster than forecast several months ago and the firm is on track to top $2 billion in earnings before interest, taxes, depreciation and amortization in 2011, according to a report in The Wall Street Journal. | Full Article Nortel gets court nods for Google's "stalking horse" May 02, 2011 01:57 PM ET (Reuters) - Nortel Networks Corp, the fallen Canadian telecom giant, said it had received court approvals for the "stalking horse" bid made by a unit of Google Inc for its portfolio of technology patents for $900 million. | Full Article FTC prepping Google probe: report April 29, 2011 09:42 PM ET NEW YORK (Reuters) - The Federal Trade Commission is alerting high-tech companies to gather data ahead of a probe of the dominance of Google Inc in the Internet search industry, Bloomberg reported on Friday. | Full Article Credit card executives see sunny days ahead May 02, 2011 05:45 PM ET MIAMI BEACH, Florida (Reuters) For the first time in years, credit card executives are looking beyond the losses of the financial crisis -- and they're even losing less sleep over the prospect of tighter government oversight. | Full Article BUSINESS NEWS Bin Laden rally gives way to long-term doubts May 02, 2011 04:38 PM ET NEW YORK (Reuters) - U.S. stocks slipped on Monday, as an early bounce on Osama bin Laden's death gave way to questions around the longevity of the market's recent rally. | Full Article Nasdaq to go hostile with NYSE bid May 02, 2011 05:23 PM ET NEW YORK (Reuters) - Nasdaq OMX Group and IntercontinentalExchange Inc will take their takeover bid for NYSE Euronext straight to the Big Board's shareholders as they try to corner the company into talks. | Full Article Thornburg trustee sues big banks for $2.2 billion May 02, 2011 04:47 PM ET WILMINGTON, Delaware (Reuters) - The trustee for bankrupt Thornburg Mortgage Inc has sued Goldman Sachs, Barclays and other big banks for a combined $2.2 billion, blaming them for the former home loan company's bankruptcy. | Full Article Raj Rajaratnam has infected foot, absent as jury meets May 02, 2011 05:46 PM ET NEW YORK (Reuters) - Hedge fund founder Raj Rajaratnam had foot surgery and did not appear in court on Monday while jurors deliberated for a sixth day in his insider trading trial without reaching a verdict. | Full Article Fears of Qaeda vengeance after U.S. kills Osama May 02, 2011 05:35 PM ET WASHINGTON/ABBOTTABAD, Pakistan (Reuters) - World leaders warned of revenge attacks after Osama bin Laden was killed in a U.S. assault in Pakistan on Monday that brought to a dramatic end the long manhunt for the al Qaeda leader who had become the most powerful symbol of Islamist militancy. | Full Article U.S. TOP NEWS Pakistan vital to defeating al Qaeda: White House Obama says world a better place with bin Laden dead Suspicious package investigated in NY's Times Square Inconceivable Osama had no support in Pakistan: White House New Yorkers sample cheese made from human breast milk RELATED VIDEO Sony sorry over PS Network raid Solar lamps light darkest corners of Haiti's tent camps More to surfing than good vibrations: scientists A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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