Technology Report: UK teenager charged with hacking attacks: police

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	06/22/2011
Good afternoon Bit Apple plans to launch a new iPhone with a faster chip for data processing and a more advanced camera in September, Bloomberg said. The new iPhone will include the A5 processor along with an 8-megapixel camera, the report said, quoting two people familiar with the plans. Apple is also testing a new version of the iPad that has a higher resolution screen, the report said, adding a cheaper version of the iPhone aimed at developing countries is also in the works. A U.S. judge rejected Samsung's request for a peek at Apple's unreleased iPhone and iPad, brought in the course of high-stakes patent litigation between the two companies. Apple sued Samsung in April, claiming Samsung's Galaxy line of smartphones and tablets infringe several patents and trademarks. Samsung counter-sued, asserting its own patents against Apple. In the ruling, the judge said Apple's legal claims are only based on its products that have already hit the market. A senior Chinese official said there is no cyber warfare taking place between China and the United States. The two countries might suffer from cyber attacks, but they were in no way directed by either government, Vice Foreign Minister Cui Tiankai said. Online video site Hulu has been approached by a potential buyer and is weighing whether to sell itself, according to a person familiar with the matter. Hulu is jointly owned by News Corp, Walt Disney, NBC Universal and Providence Equity Partners. The approach presents another decision point for the company, which has shown an unclear strategy and last year spent six months planning an initial public offering before dropping the plan. The acquisition approach has not been made by any of the current equity holders, the person said. The buyer is expected to be either a strategic buyer or private equity. Shazam, whose technology lets people use their mobile phones to learn the names of catchy songs, raised $32 million in funding to bolster expansion plans and move the company closer to a potential public stock offering. Digitimes reported that Amazon will launch its own line of tablet computers as soon as August or September, according to Taiwan-based component makers. LATEST NEWS UK teenager charged with hacking attacks: police June 22, 2011 02:22 PM ET WICKFORD, England (Reuters) - British police said on Wednesday they had charged a teenager with launching a series of cyber attacks against a national law enforcement agency and two well-known British music industry bodies. | Full Article Google eyeing further display ad acquisitions June 22, 2011 11:51 AM ET CANNES, France (Reuters) - Google will buy more companies to boost its presence in the booming online display ad sector in a challenge to Facebook, even as European regulators examine its dominant web search position. | Full Article Dutch pass law to ensure open Internet access June 22, 2011 04:36 PM ET AMSTERDAM (Reuters) - The Dutch parliament on Wednesday passed a law banning telecommunications providers from charging their subscribers extra fees for Internet services such as Skype and instant messaging. | Full Article Online brawls may be fractious hackers' downfall June 22, 2011 12:20 PM ET LONDON (Reuters) - - The rogue hackers behind brazen cyber attacks are clever online technicians but have a critical human frailty -- petulant personalities prone to infighting that may spell disaster for their raids on spies, banks and companies. | Full Article Web hosting firm says FBI took servers in raid June 22, 2011 12:35 PM ET BOSTON (Reuters) - More than 120 websites have been down for over a day after the FBI removed servers from a web-hosting company in Northern Virginia in an early morning raid on Tuesday, according to the company that runs that facility. | Full Article BUSINESS NEWS Wall Street falls after 4 up days on Fed's comments June 22, 2011 04:28 PM ET NEW YORK (Reuters) - Stocks dropped on Wednesday after the Federal Reserve acknowledged the sluggish pace of the U.S. economic recovery without hinting at further plans for stimulus. | Full Article Fed cuts GDP forecast; no hint of more support June 22, 2011 04:19 PM ET WASHINGTON (Reuters) - The Federal Reserve on Wednesday cut its forecasts for U.S. economic growth, but offered no hint of further monetary support, saying growth should pick up soon. | Full Article London Stock Exchange sweetens its TMX bid June 22, 2011 04:20 PM ET TORONTO (Reuters) - The London Stock Exchange sweetened its friendly bid for the operator of the Toronto Stock Exchange to $4.1 billion on Wednesday, topping a hostile offer from a Canadian consortium. | Full Article Exclusive: OneWest gains a ray of hope for Paulson in glum times June 22, 2011 11:36 AM ET BOSTON/NEW YORK (Reuters) - John Paulson's roll of the dice on a lender that rose from the wreckage of the financial crisis is emerging as one of the few big winners for the hedge fund manager in what is shaping up as a downbeat year. | Full Article FedEx profit jumps, expects robust 2012 June 22, 2011 12:59 PM ET NEW YORK (Reuters) - FedEx Corp's quarterly profit and outlook beat forecasts as higher shipping rates and tight cost controls more than offset a slowing economic recovery and high fuel prices. | Full Article U.S. TOP NEWS Obama to unveil plan for Afghanistan troop withdrawal No let-up in pressure on Greece despite vote Senate Democrats seek new economic stimulus RIM's hub down, not out as BlackBerry maker sags, sacks Airbus orders pile up as Boeing stalls RELATED VIDEO Inside Microsoft: Up in the cloud Paris shows aviation innovation Robot separates recyclables from other garbage A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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