 | Good afternoon Bit |  |  | The International Trade Commission agreed to investigate Apple's complaint that mobile phones and tablets made by rival Samsung violate its technology intellectual property. The intensifying patent dispute threatens to strain a lucrative supply relationship: Apple in 2010 was Samsung's second-largest customer, accounting for $5.7 billion of sales tied mainly to semiconductors, according to the Asian consumer electronics company's annual report.
Google faces a total of nine antitrust complaints which EU regulators are now investigating, two sources said. Up to now, The European Commission has only confirmed four cases against Google. The increased number of complaints underscores Google's dominant position but does not necessarily mean bad news for the company, said Simon Holmes, head of EU and competition law at law firm SJ Berwin.
"Google's strong position means there are lots of interests involved. But there is nothing wrong per se in having a strong position," he said.
Broadband speeds on average are within 80 percent of what major Internet service providers advertise, a big improvement from two years ago, according to an FCC study. I suggest that the study, while attempting to arm consumers with a comparison tool in order to make more informed choices, masks regional disparities in broadband speeds that were brought to light last week.
For an extra $25 per year, fans of Electronic Arts sports titles will be able to download video games three days before they hit stores, a move that should boost EA's digital sales. EA's new program called "Season Ticket" will let consumers get access to five sports games--its soccer, golf, hockey, pro-football and college football titles. Users will be able to download the games over the Internet on Microsoft's Xbox and Sony Corp PlayStation systems three days before they are out in stores.
Russia's interior minister called for limits on the Internet to prevent a slide in traditional cultural values among young people, raising fears of controls over the vibrant Russian-language Web. Rashid Nurgaliyev, who did not indicate which sites he felt should be curbed, said that Russia's youth needed looking after to prevent young people from being corrupted by "lopsided" ideas, especially in music, that may undermine traditional values. | | | LATEST NEWS | | Government hankers for hackers | | August 02, 2011 10:57 AM ET | | WASHINGTON (Reuters) - The National Security Agency has a challenge for hackers who think they're hot stuff: prove it by working on the "hardest problems on Earth." | Full Article | | UK to legalize private copying of CDs: source | | August 02, 2011 04:34 PM ET | | LONDON (Reuters) - Britain will signal on Wednesday that it intends to legalize copying of CDs or DVDs onto digital music players or computers for personal use, a government source said on Tuesday. | Full Article | | LivingSocial enters Korea with biggest acquisition | | August 02, 2011 05:00 PM ET | | SEOUL (Reuters) - LivingSocial agreed to buy South Korean online daily deal provider TicketMonster in a stock-swap to expand further into the Asian market, the companies said on Tuesday, without disclosing the value of the deal. | Full Article | | MetroPCS warns on subscriber numbers | | August 02, 2011 12:33 PM ET | | NEW YORK (Reuters) - MetroPCS Communications Inc lost about a third of its market value on Tuesday after it reported quarterly earnings that missed Wall Street expectations and warned that already-weak second-quarter subscriber numbers would worsen in the current quarter. | Full Article | | | BUSINESS NEWS
| | Fitch keeps U.S. AAA rating, review ongoing | | August 02, 2011 04:47 PM ET | | NEW YORK (Reuters) - Fitch upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts to avoid a U.S. default, but it warned the world's largest economy must cut its debt burden to avoid a future downgrade. | Full Article | | U.S. avoids default but fails to dispel economy fears | | August 02, 2011 04:34 PM ET | | WASHINGTON (Reuters) - The United States stepped back from the brink of default on Tuesday but congressional approval of a last-gasp deficit-cutting plan failed to dispel fears of a credit downgrade and future feuds over taxes and | Full Article | | Fed might mull easing, but no action seen | | August 02, 2011 03:55 PM ET | | WASHINGTON (Reuters) - Pressure will build among Federal Reserve policymakers at a meeting next week for measures to pep up a stumbling recovery with a stronger commitment to rock-bottom interest rates. | 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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