 | Good afternoon Bit |  |  | Users of Apple's iPhone, iPad and iPod Touch mobile devices might want to take a minute to do a software update this weekend. Apple rolled out a security fix for its iOS mobile operating software on Friday that plugs a hole that could allow hackers to gain remote access to those devices. The security flaw was discovered last week after a website released code that Apple customers can use to modify the software through a process known as "jail breaking".
Google said more than 10 million people have now signed up to the company's new social networking service, Google+. The Internet giant's CEO Larry Page announced the new user numbers during the company's second-quarter earnings call on Thursday, remarking that it has been "very well received, because in real life we share different things with different people." That's a reference to one of the service's many features, Circles, which lets users sort friends into different groups ('circles') and share information based on interests or affiliation. The afterglow following Google's blockbuster results on Thursday extended into Friday, with the company's shares surging as much as 13.5 percent at one point.
The much-hyped music streaming service Spotify has finally landed on U.S. shores. The UK-based digital music company rolled out its cloud-based service to a limited group in the United States on Thursday. CNN reports that for now the company is only accepting new members to its free service who receive invites from the company, a sponsor or a current user. Spotify has been a huge success with music lovers in Europe for years, but service problems and extended negotiations with record labels have delayed its U.S. launch. Fortune's JP Mangalindan explains why he thinks Spotify deserves all the hype.
Taiwan's TSMC, the world's largest contract chipmaker, has begun trial manufacturing of next generation chips for Apple's mobile devices, a source with knowledge of the matter tells Reuters, in a sign that the iPad maker is shifting from its traditional chip supplier, Samsung Electronics. | | | LATEST NEWS | | Investors toast Google results, shares surge | | July 15, 2011 02:58 PM ET | | BANGALORE/LOS ANGELES (Reuters) - Shares of Google Inc surged as much as 13.5 percent on Friday, a day after blockbuster results and signs of success in mobile and social networking revived hopes the Internet titan was getting back on a growth track. | Full Article | | U.S., Romania arrest more than 100 for cyber scams | | July 15, 2011 04:00 PM ET | | WASHINGTON (Reuters) - U.S. and Romanian police have arrested more than 100 people in a year-long effort to stop Internet fraud schemes that have cost Americans more than $100 million, the U.S. Justice Department said on Friday. | Full Article | | Exclusive: Apple tests new chips with TSMC | | July 15, 2011 08:55 AM ET | | TAIPEI (Reuters) - Taiwan's TSMC has begun trial manufacturing of next generation chips for Apple Inc's mobile devices, a source with knowledge of the matter said on Friday, in a sign that the iPad maker is shifting from its traditional chip supplier, Samsung Electronics. | Full Article | | Sony Ericsson counts cost of Japanese disaster | | July 15, 2011 01:40 PM ET | | HELSINKI/STOCKHOLM (Reuters) - Mobile phone maker Sony Ericsson forecast an upturn in the second half, as it posted a first quarterly loss since 2009 due to a parts shortage stemming from the March 11 earthquake and tsunami in Japan. | Full Article | | Google lifts Wall Street in otherwise rough week | | July 15, 2011 04:57 PM ET | | NEW YORK (Reuters) - Google's blowout quarter led the Nasdaq higher on Friday but mounting uncertainty about the government's ability to reach a debt-reduction deal may keep investors at bay in the coming week. | Full Article | | | BUSINESS NEWS
| | Gloomy consumers cast dark cloud over economy | | July 15, 2011 01:19 PM ET | | WASHINGTON (Reuters) - U.S. consumer confidence hit a near 2-1/2 year low in early July and manufacturing output stalled in June, further frustrating expectations of a quick economic growth rebound in the second half of the year. | Full Article | | Murdoch says sorry over hacking, Brooks quits | | July 15, 2011 04:31 PM ET | | LONDON (Reuters) - Rupert Murdoch said sorry on Friday to victims of criminal phone hacking by one of his tabloids after confidante Rebekah Brooks quit as head of the British newspaper arm of his News Corp media empire. | Full Article | | Apple stock looks cheap ahead of results | | July 15, 2011 05:10 PM ET | | SAN FRANCISCO (Reuters) - Apple Inc should deliver yet another bumper quarter, but some investors are holding out for a monstrous second half when the new iPhone hits and a new online content service takes wing. | Full Article | | S&P threatens downgrade of U.S. financial companies | | July 15, 2011 05:46 PM ET | | NEW YORK (Reuters) - Standard & Poor's on Friday raised the pressure on debt negotiators in Washington, saying it could downgrade insurers, securities clearinghouses, mortgage agencies and a laundry list of other firms without a deal soon to lift the debt ceiling and cut the deficit. | Full Article | | Murdoch lieutenant Les Hinton quits over scandal | | July 15, 2011 05:52 PM ET | | NEW YORK (Reuters) - Les Hinton, the top executive of Rupert Murdoch's Dow Jones & Co, resigned on Friday after becoming a target of criticism for the phone-hacking scandal that occurred when he oversaw News Corp's British newspapers. | 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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