 | Good afternoon Bit |  |  | The LulzSec group of rogue hackers threatened to steal classified information from governments, banks and other high-ranking establishments, teaming up with the Anonymous hacker activist group to cause more serious trouble in an escalation of their cyber attacks.
LulzSec had said last Friday that it hacks to have fun and to warn people that personal information is not safe in the hands of Internet companies. But two days later, Lulz said its top priority was to leak "classified government information, including email spools and documentation."
The FBI said it is working to bulk up its cyber division as hackers focus on higher-profile targets, but is at the mercy of a Congress struggling to cut the massive budget deficit.
Nokia CEO Stephen Elop unveiled the N9 smartphone that uses software the firm plans to ditch, a move analysts said would probably condemn the device to obscurity. At a telecoms conference in Singapore, Elop reiterated that Nokia would launch its first smartphone using Microsoft's Windows platform later this year, even as he unveiled the new all-screen N9 smartphone, which uses a platform called MeeGo.
The decision on Monday by the body that governs Internet domain names to stop restricting them to suffixes like .com and .gov, will change the way companies interact with consumers and how much they'll be paying to do so, writes Martinne Geller. With the number of possible domains growing exponentially, so too might the number of registrations in companies' portfolios, according to industry experts. And battles between companies that both have legitimate claims may arise.
Even though there are a lot of marketing opportunities, companies are unlikely to transfer their current Web content to new sites, one analysts said, because that would mean losing their page ranking in Internet searches through engines like Google, Geller adds. | | | LATEST NEWS | | UK teenager arrested in global hacking probe | | June 21, 2011 01:34 PM ET | | LONDON (Reuters) - British police investigating a series of computer hacking attacks on international companies and intelligence agencies said on Tuesday they had arrested a 19-year-old man in eastern England. | Full Article | | | BUSINESS NEWS
| | JPMorgan to pay $153.6 million in SEC fraud case | | June 21, 2011 03:33 PM ET | | WASHINGTON/NEW YORK (Reuters) - JPMorgan Chase & Co agreed to pay $153.6 million to settle U.S. Securities and Exchange Commission charges that it defrauded investors who bought mortgage securities it helped sell just before the nation's housing market collapsed. | Full Article | | Fed meeting begins; weaker growth key to debate | | June 21, 2011 01:47 PM ET | | WASHINGTON (Reuters) - The Federal Reserve on Tuesday began a two-day meeting against the backdrop of a weakening U.S. economy that will likely force policymakers to plan for the possibility that things may get worse. | Full Article | | S&P restates political threat to U.S. AAA rating | | June 21, 2011 09:56 AM ET | | LONDON (Reuters) - The risks of the U.S. losing its prized triple-A rating over the medium term have increased as the country faces a political impasse and nears its debt ceiling, Standard and Poor's said on Tuesday. | 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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