 | Good afternoon Bit |  |  | A recent wave of computer network attacks has boosted concerns about U.S. vulnerability to digital warfare. The Obama administration is racing on multiple fronts to plug the holes in the U.S. cyber defense, focusing on an expanded effort to safeguard its contractors from hackers and building a virtual firing range in cyberspace to test new technologies.
However, the overall gap appears to be widening, as adversaries and criminals move faster than the government and corporations can respond, officials and analysts say.
Microsoft has made available a Windows 7-compatible test version of the software behind its hit Kinect motion-sensing game device, in the hope that developers will invent a host of "hands-free" features for standard PCs.
Microsoft was at first hostile to such attempts, but by releasing a beta version of the Kinect software development kit it is showing that it is interested to see what developers will make of the technology.
Any chance of Taobao trying to cash in on the internet IPO craze was squashed when the Alibaba Group said it had reorganized China's largest e-commerce website into three separate companies.
The move to split Taobao comes as Alibaba founder Jack Ma grapples with its major shareholders, Yahoo Inc and Japan's Softbank, over ownership of Alipay, another of the group's crown jewels.
Ma has not ruled out taking Alibaba public in the future, but analysts said the listing could take a few years, meaning Yahoo will have a longer wait to unlock the value of its prized Chinese asset.
Research In Motion hopes the details of the new BlackBerry and the strong sales of its PlayBook tablet will offset the barrage of criticism that it has fallen behind tech giants Apple and Google when it reports after the bell.
RIM has made big promises in an aggressive full-year earnings outlook, but without a launch date for a more powerful touchscreen version of its business workhorse, the Bold smartphone, and with Torch and Storm smartphone upgrades still just rumors, investors are growing more nervous.
James Ledbetter take an in-depth look at Groupon's effect on small businesses and finds out that while it may be a boon for some, others are claiming that their relationship with the discount site has been nothing short of a nightmare.
Felix Salmon, meanwhile, has a look at the various legal pitfalls facing Groupon and other coupon sites.
According to results of a recently released Pew Research Center survey, Facebook users are more trusting, have more close friends, and are more politically-engaged.
This news seems to fly in the face of the popular notion that cultivating "Facebook friends" will harm people's ability to make friends offline.
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| | | Regional factories sputter, rays of hope in jobs | | June 16, 2011 01:28 PM ET | | WASHINGTON (Reuters) - A gauge of regional manufacturing activity slumped to a near two-year low in June, suggesting U.S. factories were faltering, overshadowing better than expected readings on the labor and housing markets. | Full Article | | Lenders offer Greece lifeline as PM faces rebels | | June 16, 2011 01:54 PM ET | | ATHENS/BRUSSELS (Reuters) - International lenders scrambled to save Greece from default as Prime Minister George Papandreou struggled to quell a revolt in his socialist party against EU/IMF-ordained austerity measures. | Full Article | | Citi says 360,000 accounts hacked in May cyber attack | | June 16, 2011 10:29 AM ET | | NEW YORK/HONG KONG (Reuters) - Citigroup Inc said a cyber attack in May affected almost twice as many accounts as the bank's figures had initially suggested, as major U.S. lenders come under growing pressure from lawmakers to improve account security. | Full Article | | | BUSINESS NEWS
| | Amid scandal, Anthony Weiner set to resign | | June 16, 2011 01:51 PM ET | | NEW YORK (Reuters) - Representative Anthony Weiner, snared in a humiliating flap for sending lewd photos of himself to women online, was set to resign on Thursday, ending a weeks-long scandal that made his fellow Democrats cringe. | Full Article | | Bin Laden deputy Zawahri to lead al Qaeda | | June 16, 2011 01:12 PM ET | | DUBAI (Reuters) - Al Qaeda's long-serving number two, Egyptian Ayman al-Zawahri, has taken over the leadership after the killing of Osama bin Laden, the group said on Islamist websites on Thursday. | Full Article | | Greek PM reshuffle plan in doubt as deputies quit | | June 16, 2011 12:37 PM ET | | ATHENS (Reuters) - A string of parliamentary resignations on Thursday threatened to thwart Greek Prime Minister George Papandreou's plan to reshuffle his cabinet and pass austerity measures needed to save the nation from default. | Full Article | | Gaddafi's son holds out offer of elections | | June 16, 2011 02:08 PM ET | | TRIPOLI (Reuters) - Libya's Muammar Gaddafi is willing to hold elections and step aside if he lost, his son said Thursday, an offer dismissed by rebels but which could test the unity of the Western alliance trying to force him out. | 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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