 | Good afternoon Bit |  |  | Sony CEO Howard Stringer faced harsh criticism of his leadership after the company revealed hackers may have stolen the data of another 25 million accounts in a second massive security breach. The breach of the Sony Online Entertainment PC games network may also have led to the theft of 10,700 direct debit records from customers in Austria, Germany, the Netherlands and Spain and 12,700 non-U.S. credit or debit card numbers, Sony said. Investors said Sony and Stringer had botched the data security crisis. "The way Sony handled the whole thing goes to show that it lacks the ability to manage crises," Michael On of Beyond Asset Management in Taipei said.
Microsoft CEO Steve Ballmer announced that RIM will use Microsoft's Bing search engine and maps as default options on its new BlackBerry devices. RIM's move, coupled with its close partnership with Adobe Systems, sketches out a strategy of cooperation in a mobile market now dominated by Apple and Google. The strategy illustrates that the mobile market is entering a new phase that focuses on feature consolidation and "co-opetition," writes GigaOM's Kevin Tofel. The old strategy, which lasted from 2007 until recently, focused on new platforms, user interfaces and the emergence of the mobile app economy, Tofel adds.
Google is violating the spirit of the open access it bid $4.6 billion to protect by making tethering apps unavailable at its Android Market, writes Chris Ziegler. DroidLife's Kellex wrote last week that tethering apps were unavailable for all of his phones running on AT&T's network. Engadget yesterday found no tethering apps available on the Android Market for phone networks running on AT&T and T-Mobile and only one on Verizon. Tethering apps make it easier for users to circumvent the official tethering capabilities offered on smartphones that carry a plan surcharge.
Twitter made an offer to acquire TweetDeck, the popular third-party software application for Twitter and other social networking services, for up to $50 million, according to a person with knowledge of the matter. The deal would give Twitter an application that has won praise among sophisticated users for its slick interface and enhanced capabilities, while closing out a potential threat to Twitter's fast-growing service. | | | Anadigics sees tough 2011 as rivals chip away | | May 03, 2011 02:25 PM ET | | (Reuters) - Anadigics Inc forecast a challenging year ahead and cut 10 percent jobs as its largest customer Research In Motion shifted orders to the chipset maker's rivals, sending its shares down 10 percent to an eight-month low. | Full Article | | Nokia's chairman to step down next year | | May 03, 2011 02:43 PM ET | | HELSINKI (Reuters) - Nokia, the world's largest phone maker by volume, has started to look for a new chairman to succeed long-time leader Jorma Ollila, who will step down next year. | Full Article | | | BUSINESS NEWS
| | Headaches at the SEC's think tank | | May 03, 2011 04:31 PM ET | | WASHINGTON (Reuters) - The Securities and Exchange Commission pulled out all the stops when it tapped University of Texas law professor Henry Hu to head the first new division created at the agency in 37 years. | 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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