Technology Report: FBI probing Olympus fee; shares tumble

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	10/24/2011
Good afternoon Bit The FBI is investigating the massive advisory fee involved in Olympus Corp's takeover of a British company, a person familiar with the probe said, in a deepening scandal that has wiped out more than half the company's value. WikiLeaks will have to stop publishing secret cables and devote itself to fund-raising if it is unable to end a financial "blockade" by U.S. firms such as Visa and MasterCard by the end of the year, founder Julian Assange said. "Amid the choking fumes from the Apple flame wars, Walter Isaacson's biography of Steve Jobs comes as a breath of fresh air," reports CNET. Groupon faces its toughest sales pitch this week when the daily deals website launches a roadshow to persuade investors to buy shares in its initial public offering. LATEST NEWS FBI probing Olympus fee; shares tumble October 24, 2011 01:21 PM ET TOKYO (Reuters) - The FBI is investigating the massive advisory fee involved in Olympus Corp's takeover of a British company, a person familiar with the probe said, in a deepening scandal that has wiped out more than half the company's value. | Full Article WikiLeaks says "blockade" threatens its existence October 24, 2011 03:21 PM ET LONDON (Reuters) - WikiLeaks will have to stop publishing secret cables and devote itself to fund-raising if it is unable to end a financial "blockade" by U.S. firms such as Visa and MasterCard by the end of the year, founder Julian Assange said on Monday. | Full Article Oracle to beef up cloud offer with RightNow buy October 24, 2011 02:40 PM ET (Reuters) - Oracle Corp struck a deal to buy online customer service company RightNow Technologies Inc for about $1.5 billion, sparking speculation of bids for other so-called cloud technology companies that deliver software, data and computing power over the Internet. | Full Article Steve Jobs book may be Amazon's 2011 top seller October 24, 2011 01:01 PM ET (Reuters) - The new biography of deceased Apple Inc Chief Executive Steve Jobs may be Amazon.com Inc's top-selling book of 2011, a spokeswoman at the largest Internet retailer said on Monday. | Full Article TomTom shares surge on strategy shift October 24, 2011 07:08 AM ET AMSTERDAM (Reuters) - TomTom, the Dutch navigation equipment and digital map maker, is switching focus away from the cash-bleeding personal navigation devices that made it a household name to its auto and mapping services to restore growth and profits. | Full Article BUSINESS NEWS Caterpillar's record results, M&A lift Wall St. October 24, 2011 02:35 PM ET NEW YORK (Reuters) - Stocks rose on Monday, adding to three weeks of gains by the S&P 500, after strong earnings from Caterpillar and some proposed acquisitions boosted investor sentiment. | Full Article EU may combine insurance, SPIV to boost euro fund October 24, 2011 02:49 PM ET BERLIN (Reuters) - The euro zone should combine two proposals for increasing the firepower of its rescue fund -- an insurance model and a special purpose investment vehicle (SPIV) -- according to an EU paper for the mid-week summit obtained by Reuters on Monday. | Full Article Caterpillar masters slowdown, posts record results October 24, 2011 03:21 PM ET (Reuters) - Caterpillar Inc muscled through murky economic conditions with a surprising 44 percent jump in quarterly profit, and forecast strong demand through next year in a sign of optimism for the global economy. | Full Article Fed could target housing to help economy: Dudley October 24, 2011 02:01 PM ET NEW YORK (Reuters) - The weak housing sector continues to pose a strong headwind to the U.S. economic recovery, and the Federal Reserve could potentially do more to drive down mortgage rates to support the sector, a top Federal Reserve official said on Monday. | Full Article Rajaratnam says U.S. pushed to turn on friend: report October 24, 2011 01:58 PM ET NEW YORK (Reuters) - Just weeks before fallen hedge fund tycoon Raj Rajaratnam was sentenced to 11 years in prison for insider trading, U.S. prosecutors pressed him to turn on his friend, former Goldman Sachs Group Inc director Rajat Gupta, Newsweek Daily Beast reported. | Full Article U.S. TOP NEWS Lifeline thrown to underwater homeowners Obama tests go-it-alone steps on U.S. economy U.S. withdraws envoy to Syria, southern strike spreads Israel, Egypt agree to prisoner swap Libya "liberated" but Gaddafi still unburied RELATED VIDEO Chinese robots display ping-pong prowess RIM's tough love for BlackBerry developers YouTube generation looks for a job A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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