Technology Report: It's game on for Zynga initial public offering

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	11/30/2011
Good afternoon Bit Three hackers said they had exploited a vulnerability in Research In Motion's PlayBook tablet to gain root access to the device, a claim that could damage the BlackBerry maker's hard-won reputation for security. The hackers plan to release their data within a week as a tool called DingleBerry. In a response to queries, RIM said it is investigating the claim, and if a jailbreak is confirmed will release a patch to plug the hole. The PlayBook runs on a different operating system than RIM's current BlackBerry smartphones. However, the QNX system will be incorporated into its smartphones starting next year. The PlayBook in July became the first tablet device to win a security certification approving it for U.S. government use. Samsung is set to resume selling its Galaxy tablet computer in Australia as early as Friday, after it won a rare legal victory in a long-running global patent war with Apple. An Australian federal court unanimously decided to lift a preliminary injunction, imposed by a lower court, on sales of Samsung's Galaxy Tab 10.1 -- but granted Apple a stay on lifting the sales ban until Friday afternoon. Groupon's shares rose after CEO Andrew Mason emerged from the company's post-IPO quiet period to share holiday sales numbers. Groupon sold more than 650,000 holiday deals between Black Friday and Cyber Monday, an increase of 500 percent compared with last year, Mason said in a blog post. Groupon closed the trading day up 9.3 percent $17.50. Japanese authorities may take weeks to make any arrests over the accounting scandal at Olympus, though initial findings by an investigative panel of experts are due to be released in days, lawyers said. Even if criminal complaints are filed against former executives or others involved in the scam, which dates back two decades, arrests might not take place by end-year. This is partly to allow both suspects and prosecutors to spend the new year's holidays at home, since the turn of the new year is Japan's biggest traditional holiday, akin to Christmas in the West. Suspects can be held for a total of 22 days before either being indicted or released. Toshiba said it would close three of its six discrete chip-making facilities in Japan and also trim output of certain types of chips over the year-end as demand for PCs and TVs slides in the U.S. and Europe. Discrete chips are relatively simple semiconductors used in a wide range of electronic products from audio-visual equipment to cars and mobile phones. The three plants are scheduled to be closed in the first half of the fiscal year starting in April 2012, in a bid to slash costs, with Japanese makers at a disadvantage because of strength in the yen. LATEST NEWS It's game on for Zynga initial public offering November 30, 2011 04:01 PM ET NEW YORK, Nov 30 (IFR) - Zynga is expected to price its shares on December 15 in one of the most highly anticipated IPOs of the year. | Full Article AT&T, China Telecom agree to expand partnership November 30, 2011 03:08 PM ET (Reuters) - AT&T Inc and China Telecom Corp Ltd have agreed to expand their relationship in China and the United States and will look into supporting each other in other regions. | Full Article Clearwire seen reaching Sprint funding deal November 30, 2011 04:48 PM ET NEW YORK (Reuters) - Clearwire Corp is expected to reach a funding agreement with Sprint Nextel at least by year-end and possibly in time for Clearwire's December 1 debt interest payment deadline, according to people following a standoff between the wireless service providers. | Full Article Russians blog to highlight fears of election fraud November 30, 2011 02:06 PM ET CHELYABINSK, Russia (Reuters) - When bloggers posted what they said was a tape of the governor of this industrial region telling local employers to organize "compulsory voting" for Vladimir Putin's ruling party, it caused a stir across Russia. | Full Article Online retail in Russia stifled by infrastructure: PwC November 30, 2011 10:34 AM ET MOSCOW (Reuters) - Russian online shopping growth is being held back by poor infrastructure and slow delivery times, accountants PWC said on Wednesday, forcing retailers to spend more before they reap any benefit of rising Internet use. | Full Article BUSINESS NEWS Wall Street flies on central banks' help for Europe November 30, 2011 04:33 PM ET NEW YORK (Reuters) - Stocks surged on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis. | Full Article Central banks act as euro zone crisis rages November 30, 2011 04:30 PM ET BRUSSELS/LONDON (Reuters) - The world's major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone's debt crisis drove EU ministers to urge more IMF help to avert financial disaster. | Full Article Fed says growth moderate, hiring still subdued November 30, 2011 03:06 PM ET WASHINGTON (Reuters) - The Federal Reserve said on Wednesday the U.S. economy grew moderately in recent weeks but said hiring remained anemic and housing activity impaired. | Full Article Private-sector jobs soar, payrolls forecasts rise November 30, 2011 01:11 PM ET NEW YORK (Reuters) - Companies created the most jobs in nearly a year in November, adding to cautious optimism that the country's battered labor market is working its way toward healing. | Full Article Goldman CEO can testify in insider case: judge November 30, 2011 02:02 PM ET NEW YORK (Reuters) - Goldman Sachs Group Inc Chief Executive Officer Lloyd Blankfein may be asked to testify in a market regulator's insider-trading case against a former director of the Wall Street bank, a judge ruled. | Full Article U.S. TOP NEWS Packing and patrolling, U.S. troops roll out of Iraq China cuts bank reserves in policy shift to lift economy UK expels Iran diplomats after embassy attack Gingrich, Romney would both gain from Cain: Reuters/Ipsos Pakistan army says NATO attack was blatant aggression RELATED VIDEO NASA using satellites to fight drought and famine Experimental drug helps fat monkeys lose weight Samsung's Australian ban lifted A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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