Technology Report: Analysis: Can naming, shaming curb cyber attacks from China?

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	06/3/2011
Good afternoon Bit Apple will pay between $100 million and $150 million to the four major music labels in order to get its music streaming service iCloud started, according to the New York Post. Besides increasing the consumer appeal of future Apple gadgets because they'll need less computer memory, the company's iCloud service will make it more likely that subscribers will stick with Apple products, Robert Cyran writes. If users store data and programs remotely, devices blend together, Cyran argues. The U.S. asked Beijing to investigate Google's latest allegation of a major hacking attack that the Internet giant says originated in China, the State Department said. State Department spokesman Mark Toner declined to provide details on what was conveyed to the Chinese, or whether the U.S. government believes Beijing may have had a hand in the alleged hacking attack. China must make mastering cyber-warfare a military priority as the Internet becomes the crucial battleground for opinion and intelligence, two military officers said. The essay by strategists from the People's Liberation Army's Academy of Military Sciences did not mention Google's statement on the hack attacks alleged to have originated in China. Google acquired PostRank, a service that measures the spread of social networking activities like tweets, diggs and Facebook updates, online. Terms of the deal were not disclosed. RIM has given up more ground to Apple and Google in the U.S. smartphone market, a report showed. RIM's shares dropped after a research firm said the company's slice of the U.S. market for high-end mobile phones narrowed in the three months to April. While Google's Android platform jumped to a 36.4 percent share and Apple's iPhone moved up to 26 percent, RIM fell to 25.7 percent from 30.4 percent in the previous quarter, according to the comScore report. The latest figures dropped RIM from second to third place. A waterfront area in Brooklyn became the first city neighborhood to feature free wireless service on streets and in parks and plazas. DUMBO, short for Down Under the Manhattan Bridge Overpass, already has a reputation for innovative projects. Several formerly abandoned and neglected structures there have been transformed into eco-friendly offices and apartment buildings. LATEST NEWS Analysis: Can naming, shaming curb cyber attacks from China? June 03, 2011 03:45 PM ET WASHINGTON (Reuters) - Targets of pervasive Chinese cyber attacks hope the latest breach of Google email will spark a robust U.S. response but Washington may find it hard to pin precise blame on China and cannot go too far against a key economic and diplomatic partner. | Full Article Videogame heavyweights seek fresh start at E3 powwow June 03, 2011 12:06 PM ET NEW YORK (Reuters) - Comeback stories will be the unofficial plotline of next week's Electronic Entertainment Expo, the annual event where the videogame industry shows off a dizzying display of new games, consoles and assorted gadgets. | Full Article Competition and humor drive Groupon's Andrew Mason June 03, 2011 04:41 PM ET PALOS VERDES, Calif (Reuters) - Groupon CEO Andrew Mason once thought of the hundreds of companies copying his business plan as plagiarists. | Full Article Request to revisit Rambus rulings "likely": lawyer June 03, 2011 03:55 PM ET SAN JOSE, Calif (Reuters) - A U.S. appeals court will likely be asked to revisit recent patent rulings involving Rambus, an attorney for the chip maker said at a court hearing on Friday. | Full Article Hacker attacks threaten to dampen cloud computing's prospects June 03, 2011 05:42 AM ET TAIPEI (Reuters) - The recent high-profile hacking of Google's Gmail service and Sony's Playstation gaming network is threatening to slow the take-off of the next big thing in the computing space - the cloud. | Full Article BUSINESS NEWS Wall Street skids to fifth week of losses, hope endures June 03, 2011 04:32 PM ET NEW YORK (Reuters) - Wall Street closed out a fifth week of losses with more selling on Friday after an anemic jobs report strengthened the case that the economy was slowing, though analysts said indexes may stabilize in the near-term. | Full Article Cooling employment casts shadow on recovery June 03, 2011 04:21 PM ET WASHINGTON (Reuters) - The economy may be in for a long period of soft growth after employers hired the fewest number of workers in eight months in May and the unemployment rate rose to 9.1 percent. | Full Article Greece likely to get aid tranche June 03, 2011 02:28 PM ET ATHENS/LUXEMBOURG (Reuters) - Greece is likely to get a vital slice of aid in July to avoid default, international lenders said on Friday, while the European Union raised the prospect of expanding the bailout of the euro zone state. | Full Article Week Ahead: Market stalls but no panic signs yet June 03, 2011 04:42 PM ET NEW YORK (Reuters) - More bad days may be in store for stocks in coming weeks, but investors aren't pressing the panic button. Not yet. | Full Article Bill Ford says CEO successor likely from within June 03, 2011 04:49 PM ET MACKINAC ISLAND, Michigan (Reuters) - Ford Motor Co Executive Chairman Bill Ford said on Friday it is likely that the company will look inside its own ranks for the successor to Chief Executive Alan Mulally, whenever Mulally decides to leave. | Full Article U.S. TOP NEWS Ex-presidential hopeful John Edwards charged over affair Republicans say Obama must "step up" on deficit talks U.S. pushed Goldman to provide legal loss estimate U.S., Afghanistan push ahead on long-term deal Yemen's Saleh wounded as 7 die in attack on palace RELATED VIDEO Sony hacked again Tiny eco-home demonstrates big energy savings Facing a cyber threat 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. 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