 | Good afternoon Bit |  |  | Apple CEO Steve Jobs emerged from medical leave to launch an Internet-based service for consumers called the iCloud, which lets users play their music and get access to their data from any Apple device. Jobs walked briskly onstage after James Brown's "I Got You (I Feel Good)" blasted over the sound system, but shared the spotlight with other Apple execs who showcased Apple's enhancements to its PC operating system and mobile platform.
Jobs laid out his vision for the iCloud with the elminiation of MobileMe, a subscription-based collection of online services and software. Jobs said the iCloud will allow people to share book purchases, music and data in general, such as calendar items, across different devices, while backing up and updating information regularly.
Among the new features for Apple's OS X Lion operating software were an improved email infrastructure and multi-touch features. Early impressions by experts watching the presentations were favorable.
For the iPhone and iPad, executives described how the fifth version of the iOS software will feature drop-down notifications for everything from Twitter feeds to Facebook alerts, and new applications such as tabbed surfing for Apple's Safari Web browser.
Microsoft is looking to put its popular Kinect motion-sensing device at the heart of its Xbox game console, unveiling plans to allow users to control live television feeds, search YouTube and play action games with voice commands. Microsoft said it will give users access to live television programing through the Xbox in the U.S. sometime next year, following live TV services it already offers in Britain, France and Australia.
Google has become a "political tool" vilifying the Chinese government, an official Beijing newspaper said, warning that Google's statements about hacking attacks traced to China could hurt its business. By saying that Chinese human rights activists were among the targets of the hacking, Google was "deliberately pandering to negative Western perceptions of China, and strongly hinting that the hacking attacks were the work of the Chinese government," the People's Daily overseas edition, a small offshoot of the main domestic paper, said in a front-page commentary.
The frothy market for Internet IPOs is raising the specter of a bubble, underscoring how little has changed despite lawsuits and investigations in the wake of the 1990s dot-com craze, writes Jonathan Stempel. Much about the IPO market remains the same as it was a decade ago, with controversial practices still in place, and despite concerns about the IPO process, alternatives have struggled to take hold, Stempel argues. | | | LATEST NEWS | | Hackers claim to have hit Sony again | | June 06, 2011 05:01 PM ET | | WASHINGTON (Reuters) - Hackers calling themselves Lulz Security said on Monday that they had broken into Sony Corp computer systems again, and posted the results on the Internet. | Full Article | | Videogame heavyweights seek fresh start at powwow | | June 06, 2011 02:22 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 | | Stigma puts many firms off reporting cyber attacks | | June 06, 2011 08:43 AM ET | | LONDON (Reuters) - Wary of alarming customers, many firms never report the kind of cyber attacks suffered by Sony, Google and others -- and as long as the stigma holds, tackling the growing problem may prove impossible. Data theft is a menace that looms especially large, given companies' increasing reliance on online storage. At risk can be cutting-edge copyrights, privileged commercial information such as tips on takeover bids and -- perhaps most crucially for a business's reputation -- custome | Full Article | | | BUSINESS NEWS
| | Lehman entitled to disputed collateral, judge says | | June 06, 2011 05:03 PM ET | | NEW YORK (Reuters) - The trustee for Lehman Brothers Holdings Inc's U.S. brokerage is entitled to $4 billion of disputed margin collateral assets in its legal fight with Barclays Plc , a bankruptcy judge ruled on Monday. | Full Article | | White House: "obstructionism" sank Fed nominee | | June 06, 2011 01:14 PM ET | | WASHINGTON (Reuters) - The White House said on Monday it was disappointed Nobel Prize winner Peter Diamond's nomination to be a Federal Reserve governor was thwarted by "partisan obstructionism" and promised to name a new candidate soon. | Full Article | | ECB expected to signal July rate increase | | June 06, 2011 04:53 PM ET | | FRANKFURT (Reuters) - The European Central Bank is likely to signal a July interest rate rise on Thursday while continuing to provide banks with unlimited amounts of cash to help weaker lenders hit by the euro zone debt crisis. | Full Article | | Greece starts austerity push as nation seethes | | June 06, 2011 04:54 PM ET | | ATHENS (Reuters) - Greek Prime Minister George Papandreou told his cabinet Monday it was crucial to accept years of austerity to secure a new international bailout, a challenge for a nation already seething over corruption. | 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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