Technology Report: Nintendo president puzzled by investor reaction to Wii U

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	06/10/2011
Good afternoon Bit Spanish police arrested three men suspected to be members of the hacker group Anonymous, charging them with organizing cyber attacks against the websites of Sony, Spanish banks BBVA and Bankia, and Italian energy group Enel SpA-- but not the recent massive hacking of PlayStation gamers. Anonymous responded by threatening to retaliate for the arrests: "We are Legion, so EXPECT US," the group said on its official Twitter feed. EU countries agreed on tougher sanctions against people conducting cyber attacks. Under the new rules, which have to be agreed by the European Parliament, hackers would face a sentence of at least five years if found guilty of causing serious damage to IT systems. Nokia was expected to report a loss for this quarter and next as it cuts prices to try to prevent more customers defecting to rivals' smartphones, a Reuters poll found. Analysts also forecast a meager profit in the normally buoyant fourth quarter, as the once-undisputed leader in mobile phones loses the initiative to smartphones like Apple's iPhone and devices based on Google's Android software. Research In Motion will roll out its PlayBook tablet computer in 16 countries outside North America over the next month amid roiling criticism of its competitive stance. But analysts warn it risks repeating the tepid North American start, with limited marketing clipping sales potential. Apple was accused of copying an app that was developed and submitted for use in its App Store by a student, which it subsequently rejected. Apple unveiled the app as part of a set of features for the upcoming iOS 5, which included the same wireless-syncing functionality as developer Greg Hughes's WiFi Sync and a near identical logo, writes The Register's Dan Goodin. LATEST NEWS Nintendo president puzzled by investor reaction to Wii U June 09, 2011 09:20 PM ET LOS ANGELES (Reuters) - Nintendo President Satoru Iwata said he was surprised at the tumble in the company's share price following the unveiling of a successor to its smash hit Wii games console, adding that the new gadget had to be played to be understood. | Full Article Pandora increases IPO value by 48 percent June 10, 2011 01:08 PM ET NEW YORK (Reuters) - Online radio company Pandora Media Inc raised the proposed value of its initial public offering by almost 50 percent, hoping to catch the investor fever that has taken Internet companies such as LinkedIn to new heights. | Full Article Shanda Games says online game hacked June 10, 2011 09:39 AM ET (Reuters) - Chinese online game developer Shanda Games Ltd said one of its online games was hacked earlier this month, and it had to close about 5,000 accounts that had taken advantage of a design flaw. | Full Article AMD's new chips could force Intel to cut prices June 10, 2011 09:58 AM ET (Reuters) - Advanced Micro Devices Inc could win a larger pie of the desktop PC market helped by its newly-launched Llano and Bulldozer chips, unless Intel Corp lowered its own prices, Macquarie Research said. | Full Article Tweeting ex-president stirs up Colombian politics June 10, 2011 04:14 PM ET BOGOTA (Reuters) - Colombia's ex-president Alvaro Uribe is fuming about the direction his successor is taking. | Full Article BUSINESS NEWS Dow, S&P end sixth losing week - is seventh on tap? June 10, 2011 04:33 PM ET NEW YORK (Reuters) - The Dow and S&P 500 closed out their sixth week of losses on Friday as further signs of a global economic slowdown set the stage for more losses ahead. | Full Article Fed prepares for last spurt of easy money flood June 10, 2011 04:11 PM ET NEW YORK (Reuters) - The flood of Federal Reserve money that has supported Wall Street and the rest of the U.S. economy for 2-1/2 years will shrink to a trickle with the conclusion of the Fed's bond purchases announced on Friday. | Full Article Former TBW execs get prison time for roles in fraud June 10, 2011 02:01 PM ET Alexandria, Virginia (Reuters) - Two former senior Taylor, Bean & Whitaker Mortgage Corp executives were sentenced on Friday to several years in prison for their roles in a nearly $3 billion fraud that took down the big lender and a major bank. | Full Article Import prices rise for 8th straight month June 10, 2011 02:54 PM ET WASHINGTON (Reuters) - Import prices rose for an eighth straight month in May despite a drop in fuel costs, with the year-on-year increase reaching its highest level in nearly three years, according to data on Friday. | Full Article Borders staves off closing of six bookstores June 10, 2011 03:21 PM ET NEW YORK (Reuters) - Bankrupt Borders Group Inc reached agreements to avoid shuttering six of its stores that the bookseller planned to close under the terms of its bankruptcy loan. | Full Article U.S. TOP NEWS May budget deficit less than half prior year's Clinton says not pursuing World Bank job Helicopter gunships fire at Syria protest: witnesses Fed's Dudley: Growth to pick up, but risks increased Clinton warns Africa of China's economic embrace RELATED VIDEO Tongo student builds recycled robots Citigroup reveals hacker attack Robot mannequins help find best fit A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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