Verizon’s Lowell McAdam will be chairman and CEO following Ivan Seidenberg’s retirement as chairman at year-end
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.
Broader bargain hunting driven by budgetary fears may depress overall holiday spending, mitigating any hefty gains retailers reaped from long lines of shoppers snaked around malls across the U.S.
While Black Friday has been the busiest day for years in terms of traffic at stores, it does not always mean that sales will soar for the season. Despite brisk sales right after Thanksgiving, total holiday season sales fell in both 2008 and 2009 when the recession took its hold on America’s wallets.
The chances of AT&T’s bid for T-Mobile USA succeeding rapidly diminshed after AT&T said it would take a $4 billion charge in case its takeover fails. The telecommunications group and T-Mobile owner Deutsche Telekom, said they would continue to pursue anti-trust approval for the $39 billion takeover from the Department of Justice, but withdrew for now applications to the industry regulator.
Both the DOJ and the FCC oppose the deal. FCC approval would be meaningless if the DOJ blocked the transaction, and AT&T and Deutsche Telekom said they would return to the FCC process if they secured approval from the DOJ. Analysts said the merger, badly needed by sub-scale T-Mobile USA , looked less likely than ever to succeed.