 | Good afternoon Bit |  |  | Loyal Sprint customers keen to finally hop on the iPhone bandwagon could be in luck come this fall. The third-largest U.S. wireless carrier will begin offering the iPhone 5 to customers in mid-October, the Wall Street Journal reported on Tuesday, citing unnamed sources. It will be the first version of the popular Apple smartphone to be sold by the company. AT&T and Verizon, already iPhone vedors, will also start selling the new model around the same time, according to the story.
In other iPhone news, Reuters correspondents Kelvin Soh and Clare Jim report that Apple is planning a cheaper version of its current iPhone 4 model to offer to the masses in developing markets such as China as it seeks to gain lower-end customers from rivals such as Nokia. Apple's Asian suppliers have already begun production of a new lower-cost version of the handset that will come with a smaller, 8-GB flash drive, as opposed to the the 16-GB and 32-GB versions that were released in June 2010, sources familiar with the matter told Reuters. So, just how much cheaper will the discount version be? That's not entirely clear yet, but Yuanta Securities analyst Bonnie Chang had this to say: "Apple may want to push into the emerging market segment, where customers want to switch to low- to mid-end smartphones from high-end feature phones, which usually cost $150 to $200."
Facebook unveiled a far-reaching overhaul to its privacy controls on Tuesday that will make it easier for users to control who sees their information and what pictures they are tagged in on the social network. Under the new changes, Facebook users will have the option of modifying and changing their privacy settings each time they post something instead being required to browse through to separate sections of the site.
The response from privacy groups so far has been generally positive. "This is a significant step forward in Facebook privacy for users of all ages," Connect Safety told Mashable. The Electronic Frontier Foundation also seemed to welcome the changes. "We have been asking Facebook for granular controls over privacy setting for some time now, and are pleased that Facebook is now providing inline controls. We also appreciate the introduction of greater control over tagging," the group told the site.
Beware Android users: the number of malware targeted at devices powered by Google's mobile platform jumped 76 percent since last quarter, according to U.S. computer security software maker McAfee. That makes Android the most attacked mobile operating system.
No. 1 daily deals website Groupon is turning to executives from Citydeal -- the European business it bought last year -- to help boost slowing growth in its domestic business, ahead of a planned public listing. | | | LATEST NEWS | | Facebook to revamp privacy controls | | August 23, 2011 02:11 PM ET | | SAN FRANCISCO (Reuters) - Facebook is making it easier for users to control who sees their information, and to have more say over the photographs they appear in, as the world's No. 1 social networking service seeks to assuage privacy concerns. | Full Article | | Exclusive: Privacy lawsuit targets comScore | | August 23, 2011 04:00 PM ET | | SAN FRANCISCO/BOSTON (Reuters) - Online data tracking service comScore Inc siphons confidential information including passwords, credit card numbers and Social Security numbers from unsuspecting users, according to a lawsuit filed on Tuesday. | Full Article | | Hopes for another Fed rescue drive 3 percent rally | | August 23, 2011 05:07 PM ET | | NEW YORK (Reuters) - Stocks shot 3 percent higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week would signal new help for the economy, giving investors hope a four-week rout was nearing an end. | Full Article | | | BUSINESS NEWS
| | BofA shares drop, debt insurance costs jump | | August 23, 2011 04:43 PM ET | | CHARLOTTE, North Carolina (Reuters) - Bank of America Corp shares posted their steepest drop in 2-1/2 years on Tuesday as investors worried that the biggest U.S. bank might face big writeoffs. | Full Article | | Exclusive: Groupon turns to Citydeal team ahead of IPO | | August 23, 2011 05:11 PM ET | | BANGALORE (Reuters) - No. 1 daily deals website Groupon Inc is turning to executives from Citydeal -- the European business it bought last year -- to help boost slowing growth in its domestic business, ahead of a planned public listing. | Full Article | | Factory and housing data point to weak growth | | August 23, 2011 01:16 PM ET | | WASHINGTON (Reuters) - Factory output in the U.S. central Atlantic region dropped to a two-year low in August and new home sales hit a five-month low in July, the latest signs to suggest the economy is at risk of stalling. | Full Article | | "It's over" cry rebels as Gaddafi HQ overrun | | August 23, 2011 05:02 PM ET | | TRIPOLI (Reuters) - Joyful Libyan rebels overran Muammar Gaddafi's Tripoli bastion on Tuesday, seizing weapons and loot and destroying symbols of a 42-year dictatorship they declared was now over as they set about hunting down the fallen ruler and his sons. | 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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