 | Good afternoon Bit |  |  | Verizon Wireless customers, say goodbye to the days of unlimited Web surfing for a set fee on your smartphone. The biggest U.S. mobile provider will stop offering its $30 all-you-can-surf deal later this week, replacing it with a new tiered approach to data pricing. Customers who keep their smartphone use to 2 gigbytes (GB) of data per month or under won't see a change to their bill, but those who go over that limit will be slapped with an extra $10 charge per GB. Heavy mobile users will have the option of signing up for a 5 GB or 10 GB plan for $50 or $80 respectively.
AT&T made a similar move last year, meaning Sprint is now the last major wireless carrier offering unlimited data use. CNET reports that Verizon will also start charging for access to its mobile hot-spot service, which up until this week has been free and without bandwidth restrictions.
Aspiring cord cutters across Latin America and the Caribbean, rejoice. Netflix is on its way. The company, which offers TV shows and movies over the Internet and DVD rentals through the mail, will be expanding its online video streaming service to 43 countries in the regions later this year. Shows and movies will be available to subscribers in Spanish, Portuguese or English on PCs, Macs and other mobile devices that are able to stream from Netflix, the company said in a blog post. The overseas expansion marks the company's second foray outside the United States. It began offering its services in Canada last year.
You've heard it before and now you'll hear it again - the next iteration of Apple's iPhone is on its way this September. Supply-side sources told Asian IT industry newspaper DigiTimes that Taiwan-based notebook maker Pegatron Technology has received an order to make 15 million iPhone 5/iPhone 4 handsets that are set to ship sometime in September. The iPhone 5 is not expected to differ much from the previous model on the surface, according to the report. As AllThingsD's John Paczkowski points out, the real differences are expected to be "under the hood" where you'll find a faster processor and better rear camera among other improvements.
Another day, another lawsuit against Google and Microsoft. This time, a Louisiana company is suing the two tech giants for infringing on one of its patents with their map websites. Transcenic said in court documents that Google's Streetview and Google Earth and Microsoft's Streetside infringe on its technology, which covers systems for capturing and navigating within panoramic images.
Nearly a week after News Corp sold Myspace to Specific Media and pop singer Justin Timberlake, and news is finally starting to seep out about what the new owners plan to do with the social media site. Mashable reports that Timberlake, who now has an ownership stake in the company, may use it as a platform to host talent contests. That could be a good strategy given the site's roots as a platform for bands and musicians. | | | LATEST NEWS | | Netflix expands online service overseas | | July 05, 2011 03:31 PM ET | | NEW YORK (Reuters) - Netflix Inc is expanding its online video service to 43 countries in Latin America and the Caribbean, sending its shares to an all-time high. | Full Article | | New hacking allegation piles pressure on Murdoch | | July 05, 2011 04:48 PM ET | | LONDON (Reuters) - Prime Minister David Cameron led a chorus of condemnation Tuesday over allegations a top-selling British newspaper from Rupert Murdoch's global media empire hacked the voicemail of a missing schoolgirl who was later found murdered. | Full Article | | "Commy" message makes way onto Obama 2012 website | | July 05, 2011 04:25 PM ET | | WASHINGTON (Reuters) - A message inviting supporters of President Barack Obama to nonexistent events hosted by "Commy Obama" made its way onto the president's campaign website but was removed on Tuesday, the campaign said. | Full Article | | | BUSINESS NEWS
| | Moody's cuts Portugal to junk, warns on 2nd bailout | | July 05, 2011 05:26 PM ET | | LISBON/NEW YORK (Reuters) - Moody's on Tuesday cut Portugal's credit standing to junk in the first such move by a ratings agency and warned the country may well need a second round of rescue funds before it can return to capital markets. | Full Article | | Audit watchdog, SEC plan Beijing visit | | July 05, 2011 05:33 PM ET | | NEW YORK (Reuters) - U.S. regulators will talk to authorities in Beijing about the oversight of China-based auditors amid growing concern about a highly publicized string of alleged accounting scandals. | 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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