Technology Report: AT&T, T-Mobile CEOs defend mobile mega-merger

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	05/11/2011
Good afternoon Bit Google took the wraps off two Chromebook laptop PCs after nearly two years of delays and touts of its Chrome operating system as an alternative to Microsoft Windows. Samsung and Acer laptops using Chrome OS will go on sale June 15, as the world's No. 1 Internet search engine tries to entice people to do more on the Web. As with Android, Chrome software will be free, but is expected to spur people to use the Internet more often and search for more things, potentially boosting Google's Internet ads business. Despite recent indications that Google is priming Chrome for use in tablets, Google says that it is "fully focused on notebooks" for the foreseeable future, writes Mashable's Ben Parr. Facebook users' personal information could have been accidentally leaked to third parties, in particular advertisers, over the past few years, Symantec said in its official blog. Third-parties would have had access to personal information such as profiles, photographs and chat, and could have had the ability to post messages, the security software maker said. Facebook had taken steps to resolve the issue, the blog post said. A security measure that Sony installed made the PlayStation website unavailable in Japan, the company said in a statement. A Bloomberg report had said the site was down because of a hacker attack. Two Swedes were jailed for life in the Philippines for violating human trafficking laws by running a live Internet porn operation in a city that catered to foreigners. Law enforcement agencies say cybersex is a growing industry in many parts of the world, including in the Philippines, where there is perceived to be a low risk of arrest and high returns. LATEST NEWS AT&T, T-Mobile CEOs defend mobile mega-merger May 11, 2011 12:40 PM ET WASHINGTON (Reuters) - Top executives of AT&T Inc and T-Mobile insisted on Wednesday their proposed merger would benefit consumers and rejected criticisms that it would stifle innovation. | Full Article Visa to launch digital wallet for U.S. banks May 11, 2011 12:03 PM ET NEW YORK (Reuters) - Visa Inc, the world's largest credit and debit card processing network, is building a digital wallet that people can use to pay for things online or with their phones instead of with traditional cards. | Full Article Cisco results beats Street view, shares rise May 11, 2011 04:44 PM ET BOSTON (Reuters) - Cisco Systems Inc, the world's biggest networking equipment maker, reported quarterly earnings above Wall Street projections as profit margins beat its own expectations. | Full Article Indian Web rules risk curbing info flow: Google May 11, 2011 02:53 PM ET BANGALORE (Reuters) - Holding internet platforms liable for third-party content would lead to self-censorship and reduce the free flow of information, Google Inc said on Wednesday in reaction to India's new rules. | Full Article Alibaba's Ma sends Yahoo a message, takes Alipay May 11, 2011 04:41 PM ET NEW YORK (Reuters) - Alibaba Group's latest message to Yahoo sounds a lot like the last one: it wants its shares back. | Full Article BUSINESS NEWS Commodity fall sparks flight from stocks May 11, 2011 04:46 PM ET NEW YORK (Reuters) - Stocks nearly erased a three-day rally on Wednesday as energy and other commodity shares sank, feeding worries about the market's ability to stay on its upward path. | Full Article Rajaratnam guilty on all insider trading counts May 11, 2011 04:44 PM ET NEW YORK (Reuters) - Hedge fund founder Raj Rajaratnam was found guilty on all 14 counts in a sweeping insider trading verdict on Wednesday that vindicated the government's aggressive use of phone taps to prosecute Wall Street figures. | Full Article Bernanke says big banks need tighter rules May 11, 2011 04:24 PM ET WASHINGTON (Reuters) - Larger financial firms should face more onerous regulatory requirements to make sure they can withstand turbulence in economy or credit markets, Federal Reserve Chairman Ben Bernanke will say on Thursday. | Full Article Gasoline slump drags oil prices to second big drop May 11, 2011 04:25 PM ET NEW YORK (Reuters) - Oil prices tumbled over 4 percent on Wednesday after an unexpected rise in gasoline stocks amid slowing demand sent prices into a tailspin, triggering a five-minute halt in trade and fueling the second big commodities sell-off in a week. | Full Article Special report: Chinese stock scams are the latest U.S. import May 11, 2011 04:43 PM ET NEW YORK (Reuters) - It seemed like the perfect China play, a way for investors to cash in on the world's fastest growing economy. | Full Article U.S. TOP NEWS Obama way ahead of Republicans for 2012 election Syrian tanks shell towns, at least 19 killed Libyan rebels say airport seized Pressure mounts on Pakistan's military over bin Laden Donald Trump says public scorn greater than he expected RELATED VIDEO Microsoft's pricey calling plan Exquisite chocolate source rediscovered through DNA testing Green and clean: electric trash carts hit Paris streets A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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