2011年5月27日星期五

Technology Report: Lockheed network suffers major disruption: sources

Reuters
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05/26/2011
News Good afternoon Bit
Microsoft's board stood behind CEO Steve Ballmer, defending its longtime leader after influential hedge fund manager David Einhorn touched off a debate by calling for his dismissal. The fund manager, who made his name warning about the financial health of Lehman Brothers before the investment bank's collapse, accused Ballmer on Wednesday evening of being stuck in the past, launching the sharpest attack yet by a high-profile investor against the company's leadership.

Google and four bank and telecom partners unveiled "Google Wallet" and "Google Offers", taking U.S. shoppers a step closer to paying by waving their mobile phones at the checkout counter. Designed to work as an app on Android phones, it hitches a ride on MasterCard's "PayPass" technology, which lets shoppers tap cards for payment. Google has signed up retailers including Macy's, American Eagle Outfitters and Subway to blend the service with loyalty programs and discount offers.

Google, MasterCard, Citigroup, First Data and Sprint will make the service available this summer to people in New York and San Francisco.

LinkedIn will seek out opportunities in China to capitalize on its massive user base even though it sees the market as complicated, a company executive said. LinkedIn has a small presence in the country and is one of the few foreign social networking sites to still have access to Chinese Internet users.

Two Democratic political consultants may proceed with their suit alleging that The Huffington Post's founders stole their idea for the news website, a New York judge has ruled. The attorneys for co-founders Arianna Huffington and Kenneth Lerer and TheHuffingtonPost.com had asked the court to dismiss the complaint filed by the consultants, Peter Daou and James Boyce, who alleged that the defendants broke their promise to work with them to create the site.
LATEST NEWS
Lockheed network suffers major disruption: sources
May 26, 2011 04:24 PM ET
WASHINGTON/BOSTON (Reuters) - Lockheed Martin Corp, the Pentagon's No. 1 supplier, is experiencing a major disruption to its computer systems that could be related to a problem with network security, two sources familiar with the issue said on Thursday. | Full Article
Facebook, Zuckerberg say ownership suit a "fraud"
May 26, 2011 04:34 PM ET
CHICAGO (Reuters) - Facebook Inc and its founder Mark Zuckerberg urged a court to throw out a lawsuit by a New York man claiming a 50 percent ownership stake in the social networking website, calling the lawsuit "a brazen and outrageous fraud." | Full Article
Republicans, Democrats skeptical of AT&T deal
May 26, 2011 03:27 PM ET
WASHINGTON (Reuters) - Lawmakers from both sides of the aisle expressed skepticism on Thursday that AT&T's proposed buy of T-Mobile USA would lead to the consumer benefits that the wireless company has promised. | Full Article
Intel might make chips based on non-Intel cores
May 26, 2011 02:51 PM ET
LONDON (Reuters) - Intel Corp would consider making chips for rivals, but any proposal to use its advanced manufacturing technology to make processors based on a competing architecture would trigger an "in-depth discussion." | Full Article
Sloppy recycling seen posing threat to green tech
May 26, 2011 03:12 PM ET
BRUSSELS (Reuters) - The green technology industry was warned on Thursday that its growth is threatened by a failure to recycle metals and especially rare earth elements. | Full Article
BUSINESS NEWS
Wall Street gets earnings lift, with strong forex link
May 26, 2011 04:46 PM ET
NEW YORK (Reuters) - U.S. stocks rose for a second day on Thursday in a choppy session, with technology and consumer discretionary stocks leading the way after upbeat earnings. | Full Article
Consumers hold back growth, rebound seen muted
May 26, 2011 03:33 PM ET
WASHINGTON (Reuters) - Unexpectedly weak consumer spending hobbled the economy in the first quarter and fresh signs of a slowdown in the labor market pointed to an uphill struggle for the recovery. | Full Article
Fed balance sheet hits another record size
May 26, 2011 04:50 PM ET
NEW YORK (Reuters) - The Federal Reserve's balance sheet expanded to a record size in the latest week, as the central bank bought more bonds in an effort to support the economy, Fed data released on Thursday showed. | Full Article
IMF threat to withhold Greek aid spooks markets
May 26, 2011 01:21 PM ET
LUXEMBOURG/ATHENS (Reuters) - The International Monetary Fund may withhold the next slice of aid to Greece due next month, the head of euro zone finance ministers said on Thursday, spooking markets with the possibility of default. | Full Article
Top lobbying banks got biggest bailouts: study
May 26, 2011 03:25 PM ET
NEW YORK (Reuters) - The more aggressively a bank lobbied before the financial crisis, the worse its loans performed during the economic downturn -- and the more bailout dollars it received, according to a study published by the National Bureau of Economic Research this week. | Full Article
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