Technology Report: Apple deal could buy Nokia time to change: Moody's

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	06/20/2011
Good afternoon Bit Japan's Panasonic Corp forecast on Monday its full-year operating profit would drop 11 percent to 270 billion yen ($3.4 billion) in the year to March 2012, after the earthquake and tsunami in northern Japan hit production and sales. Like many of its rivals, Panasonic delayed its profit forecast due to lack of clarity about the effects of the quake. Facebook's U.S. advertising revenue will total roughly $2.2 billion in 2011, displacing Yahoo Inc to collect the biggest slice of online display advertising dollars, according to a new study. Facebook's U.S. advertising revenue will give it a 17.7 percent share of the market for graphical display ads that appear on websites, according to a report released on Monday by research firm eMarketer. The Internet body that oversees domain names voted on Monday to end restricting them to suffixes like .com or .gov and will receive applications for new names from January 12 next year with the first approvals likely by the end of 2012. Experts say corporations should be among the first to register, resulting in domain names ending in brands like .toyota, .apple or .coke. Besides the $185,000 to apply, individuals or organizations will have to show a legitimate claim to the names they are buying. In the latest cyber security news, hackers temporarily knocked offline a Website run by the British police Serious Organised Crime Agency (SOCA), which targets organized crime in Britain and overseas. Lulz Security, a loosely aligned hacker group which said it brought down the SOCA Website on Monday, has gone after a long list of government and corporate Websites in the past month. Location-based social network Foursquare has surpassed 10 million users, the two-year-old Web firm announced today on its company blog. TechCrunch reported Foursquare may be raising another funding round, in addition to the $21.4 million it has already raised. LATEST NEWS Apple deal could buy Nokia time to change: Moody's June 20, 2011 04:55 PM ET HELSINKI (Reuters) - Struggling Nokia possibly bought itself more time to change itself through a patent deal with Apple , ratings firm Moody's said on Monday. | Full Article RIM marketing executive jumps ship for Samsung June 20, 2011 03:53 PM ET TORONTO (Reuters) - BlackBerry maker Research In Motion has lost its second marketing executive in four months, highlighting the difficulties RIM faces in keeping pace with innovative market leader Apple. | Full Article Internet body throws open domain names June 20, 2011 04:07 PM ET SINGAPORE (Reuters) - Good.food, learnto.salsa, glossy.lipstick -- people and companies will be able to set up a website with almost any address by the end of next year if they have a legitimate claim to the domain name and can pay a hefty fee. | Full Article Rambus antitrust trial kicks off against rivals June 20, 2011 03:51 PM ET SAN FRANCISCO (Reuters) - Microchip heavyweights Micron and Hynix used their combined power to prevent Rambus' superior memory technology from becoming an industry standard, a Rambus lawyer said in court. | Full Article Wall Street ends higher, but weak volume a warning sign June 20, 2011 05:18 PM ET NEW YORK (Reuters) - Stocks rose on Monday, as the latest development to reduce Greece's debt helped draw buyers and the S&P 500 touched a key support level, but anemic volume signaled the recent weakness may not be over. | Full Article BUSINESS NEWS Europe gives Greece ultimatum: austerity for loans June 20, 2011 04:02 PM ET LUXEMBOURG (Reuters) - Euro zone finance ministers gave Greece two weeks from Monday to approve further spending cuts and tax increases in exchange for another 12 billion euros in emergency loans, piling pressure on Athens to get its ragged finances in order. | Full Article Wal-Mart wins Supreme Court sex-bias ruling June 20, 2011 05:42 PM ET WASHINGTON (Reuters) - The Supreme Court threw out on Monday a massive class-action sex-discrimination lawsuit against Wal-Mart Stores Inc, the biggest ever such case, in a major victory for the world's largest retailer and for big business in general. | Full Article Jury convicts hedge fund tipster Jiau in just hours June 20, 2011 04:27 PM ET NEW YORK (Reuters) - A jury quickly convicted former technology company consultant Winifred Jiau of insider trading charges on Monday after a trial that the panel's forewoman described as leaving her in despair about corruption at some hedge funds. | Full Article Credit union regulator sues JP Morgan and RBS June 20, 2011 02:29 PM ET WASHINGTON (Reuters) - The U.S. credit union regulator filed lawsuits on Monday against JPMorgan Chase & Co's JPMorgan Securities and Royal Bank of Scotland Group Plc's RBS Securities, alleging misrepresentation of investment vehicles backed by mortgages. | Full Article Assad blames unrest on saboteurs, pledges reforms June 20, 2011 03:38 PM ET BEIRUT (Reuters) - Syrian President Bashar al-Assad Monday pledged to introduce reforms within months to address a wave of protests against his rule, but blamed saboteurs for the unrest and warned that no deal could be reached with gunmen. | Full Article U.S. TOP NEWS OECD's Gurria sees no global double-dip slump Fresh Libya civilian deaths pile pressure on NATO Weiner formally submits resignation from the House NJ Senate OKs public-sector pension changes Village bites into snake business RELATED VIDEO Boeing, Airbus orders battle in Paris British Library teams up with Google 3D brain scan reveals onset of anaesthesia A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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