 | Good afternoon Bit |  |  | China and Russia are using cyber espionage to steal U.S. trade and technology secrets to bolster their own economic development, which poses a threat to U.S. prosperity and security, a U.S. intelligence report titled "Foreign Spies Stealing U.S. Economic Secrets in Cyberspace," said. Intelligence services, private companies, academic institutions and citizens of dozens of countries target the United States, the report said. But it only named China and Russia. "Chinese actors are the world's most active and persistent perpetrators of economic espionage," the report said.
Online retailer Amazon.com added library to the list of services it offers. Kindle tablet owners with the Prime membership can choose from thousands of books to borrow for free on a Kindle device, including more than 100 current and former New York Times bestsellers, as frequently as a book a month, the company said. Amazon will initially offer slightly more than 5,000 titles in the library, including more than 100 current and former national bestsellers, such as Stephen R. Covey's "The 7 Habits of Highly Effective People," The Wall Street Journal reported.
Eastman Kodak warned that it must raise $500 million in new debt or complete a multibillion dollar patent sale to survive the next 12 months. The photography company also posted dismal third-quarter results, with cash holdings down 10 percent from the second quarter, and it projected deeper losses this year as new printers and digital cameras failed to gain traction. Kodak hired investment bank Lazard in July to help it sell more than 1,100 digital imaging patents, which analysts have estimated could be worth as much as $2 billion to $3 billion.
Apple said it will release a software update to its iOS 5 operating system, acknowledging some customer complaints on the performance of the new iPhone 4S battery. Apple did not provide any more details but a rash of complaints on the new phone's short battery life have cropped up in online forums. | | | LATEST NEWS | | Groupon set to price closely watched IPO | | November 03, 2011 04:21 PM ET | | (Reuters) - Groupon Inc is set to price one of the year's most closely watched initial public offerings late Thursday, to strong demand for the scaled-back stock market debut of the largest daily deal company. | Full Article | | Duqu hackers shift to Belgium after India raid | | November 03, 2011 01:56 PM ET | | (Reuters) - Hackers used a server in Belgium to collect data stolen from machines infected with the Duqu computer virus, after authorities shut down another rogue collection system in India, according to security experts. | Full Article | | AMD to lay off 10th of workforce by 2012 | | November 03, 2011 04:30 PM ET | | (Reuters) - Advanced Micro Devices Inc unveiled a plan on Thursday to save about $200 million of operating costs in 2012 by slashing its global workforce by 10 percent and streamlining internal business processes. | Full Article | | Top U.S. companies urge new Internet trade rules | | November 03, 2011 02:41 PM ET | | WASHINGTON (Reuters) - Google, Microsoft, Citigroup, IBM, GE and other top-tier American companies on Thursday urged the United States to fight for trade rules that protect the free flow of information over the Internet. | Full Article | | | BUSINESS NEWS
| | Wall St ends higher as euro zone fears ease | | November 03, 2011 04:29 PM ET | | NEW YORK (Reuters) - Stocks rallied for a second day on Thursday as Greece backed away from a proposed referendum that threatened its membership in the euro, which could destabilize global markets. | Full Article | | Greek PM on brink as anxious world watches euro zone | | November 03, 2011 02:34 PM ET | | ATHENS/CANNES, France (Reuters) - Greece's teetering government backed away from a proposed referendum on staying in the euro on Thursday, while European leaders talked for the first time of a possible Greek exit to preserve the single currency. | Full Article | | AIG loses $4 billion on planes, weak markets | | November 03, 2011 04:28 PM ET | | (Reuters) - Insurer American International Group lost more than $4 billion in the third quarter, as its aircraft leasing unit took an impairment charge on a portion of its fleet and the fair value of the company's one-third stake in Asian insurer AIA fell. | Full Article | | Service sector growth slows, factory orders up | | November 03, 2011 01:36 PM ET | | WASHINGTON (Reuters) - U.S. service sector activity growth eased in October to its slowest level in three months, but new orders for good from factories unexpectedly rose, suggesting economic growth remains patchy. | Full Article | | Regulators dig in at MF Global in money pursuit | | November 03, 2011 03:10 PM ET | | WASHINGTON (Reuters) - U.S. regulators are launching a broad review into the business practices of failed futures brokerage MF Global Holdings Ltd as their hunt continues for over $600 million in missing customer money. | 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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