 | Good afternoon Bit |  |  | Research In Motion quarterly adjusted net profit fell 47 percent to $419 million, on revenue of $4.2 billion, hurt by an aging lineup of BlackBerry smartphones that was only refreshed very late in the quarter and tepid sales of its PlayBook tablet. RIM shipped 10.6 million smartphones and 200,000 PlayBook tablet computers in the three months to August 27, sharply below the average estimate of analysts.
Fifteen Democratic lawmakers asked the Obama administration to approve AT&T's proposed purchase of T-Mobile USA. Representative Heath Shuler and 14 other Democrats sent a letter to President Obama arguing that the deal would reduce joblessness and encourage investment.
A proposed update of the U.S. online privacy rule for children would revise definitions of personal information and beef up parental consent mechanisms to reflect technological changes. The Federal Trade Commission plan would modify its Children's Online Privacy Protection Rule that gives parents a say over what information websites and other online providers can collect about children under the age of 13.
Bipartisan support is growing to allow private companies to quickly tap thousands of small investors through a strategy called "crowdfunding." The Obama administration and Republican lawmakers have drafted legislation that would let investors take small stakes in private startups over the Internet, touting it as a way to supercharge job growth and innovation. The Securities and Exchange Commission is also considering revamping its offering rules, but is taking a cautious approach. It fears that loosening registration rules could open the door to fraud and weaken investor protections. | | | Judge extends time for Google digital books talks | | September 15, 2011 01:09 PM ET | | NEW YORK (Reuters) - Google Inc and authors and publishers groups have about nine more months to untangle their six-year-old legal dispute over plans to create the world's largest digital library, a federal judge said on Thursday. | Full Article | | Netflix lowers U.S. subscriber forecast; shares fall | | September 15, 2011 04:06 PM ET | | (Reuters) - Netflix Inc cut its third-quarter forecast by 1 million U.S. subscribers, sending its shares down nearly 19 percent, as the company known for rapid growth expects more fallout from a price increase on its DVD service. | Full Article | | Groupon IPO back on track: report | | September 15, 2011 02:27 PM ET | | (Reuters) - Groupon seeks to go public in October or November, people familiar with the matter told the New York Times on Wednesday, a week after the daily deals website put its IPO on hold for a few weeks as it waited to ride out global market turmoil. | Full Article | | Robot to attempt Hawaii triathlon | | September 15, 2011 11:55 AM ET | | TOKYO (Reuters) - After scaling the cliff walls of the Grand Canyon and driving the Le Mans racetrack for 24 hours, a tiny Japanese robot is set for a new challenge -- Hawaii's grueling Ironman Triathlon course. | Full Article | | | BUSINESS NEWS
| | Euro zone progress extends Wall Street advance | | September 15, 2011 04:45 PM ET | | NEW YORK (Reuters) - Stocks rose for a fourth day on Thursday as coordinated central bank action calmed fears that Europe's financial sector was headed for a credit freeze due to the region's sovereign debt crisis. | Full Article | | UBS $2 billion rogue trade suspect held in London | | September 15, 2011 04:37 PM ET | | LONDON/ZURICH (Reuters) - UBS said a trader who lost the Swiss bank around $2 billion in unauthorized deals had been arrested in London, with sources close to the situation naming the man as 31-year-old Kweku Adoboli. | Full Article | | Central banks expand dollar operations | | September 15, 2011 04:19 PM ET | | FRANKFURT (Reuters) - Major central banks around the world will cooperate to offer three-month U.S. dollar loans to commercial banks in order to prevent money markets from freezing up in the wake of Europe's sovereign debt crisis. | Full Article | | Geithner to discuss leveraging EU bailout fund | | September 15, 2011 03:51 PM ET | | WROCLAW, Poland/FRANKFURT (Reuters) - Treasury Secretary Timothy Geithner will discuss with European finance ministers the possibility of leveraging the euro zone's bailout fund to make it more effective in fighting the debt crisis. | Full Article | | Morgan Stanley Chairman Mack to retire at year-end | | September 15, 2011 04:31 PM ET | | (Reuters) - Morgan Stanley Chairman John Mack, whose sharp elbows and aggressive cost-cutting tactics earned him the nickname "Mack The Knife," will step down at the end of the year, fully handing the reins to Chief Executive James Gorman. | 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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