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May 3, 2011

Sirius XM adds listeners, sees Japan issues

NEW YORK (Reuters) – Sirius XM Radio Inc’s first-quarter revenue was boosted by more subscribers, but it said lower car sales in the wake of the earthquake in Japan could hurt its subscriber growth this year.

The company, home to programing by Howard Stern and Major League Baseball, depends on the car industry to attract new subscribers from new car owners who receive free radios in their vehicles. Its services are featured in several car brands, including Toyota Motor Corp

May 3, 2011

Sirius XM adds listeners, sees Japan supply issues

NEW YORK, May 3 (Reuters) – Sirius XM Radio (SIRI.O: Quote, Profile, Research, Stock Buzz)
reported higher first-quarter revenue as it added more
listeners but it said supply chain uncertainty in Japan would
affect car sales and hurt its subscriber growth this year.

The company, home to programming by Howard Stern and Major
League Baseball, said it had added 373,064 subscribers in the
quarter, bringing its total listener base to an all-time high
of 20.6 million people.

May 3, 2011

Sony’s Stringer under fire as 25 mln more accounts hacked

TOKYO/NEW YORK (Reuters) – Sony (6758.T: Quote, Profile, Research, Stock Buzz) CEO Howard Stringer faced harsh criticism of his leadership after the consumer electronics conglomerate revealed hackers may have stolen the data of another 25 million accounts in a second massive security breach.

Sony’s (SNE.N: Quote, Profile, Research, Stock Buzz) latest revelation came just a day after it announced measures to avert another cyberattack like that which hit its PlayStation Network two weeks ago.

May 3, 2011

Sony CEO under fire as 25 mln more accounts hacked

TOKYO/NEW YORK (Reuters) – Sony CEO Howard Stringer faced harsh criticism of his leadership after the consumer electronics conglomerate revealed hackers may have stolen the data of another 25 million accounts in a second massive security breach.

Sony’s latest revelation came just a day after it announced measures to avert another cyberattack like that which hit its PlayStation Network two weeks ago.

May 3, 2011

Sony says 25 mln more accounts at risk in new data hack

TOKYO/NEW YORK, May 3 (Reuters) – Sony CEO Howard
Stringer faced criticism of his leadership after the consumer
electronics giant revealed hackers may have stolen the data of
another 25 million accounts in a second massive security breach.

Sony’s latest revelation came just a day after it announced
measures had been put in place to avert another cyberattack like
that which hit its PlayStation Network, hoping to repair its
tarnished image and reassure customers who might be pondering a
shift to Microsoft’s Xbox.

May 3, 2011

Sony says 25 mln more users at risk in second data hack

TOKYO/NEW YORK, May 3 (Reuters) – Sony’s Internet
security crisis deepened on Monday with the company revealing
hackers had stolen data of another 25 million users of its PC
games system in a second massive breach for the consumer
electronics giant.

Sony’s latest revelation comes just a day after Sony No. 2
Kazuo Hirai announced measures had been put in place to avert
another cyberattack like that which hit its PlayStation Network,
hoping to repair its tarnished image and reassure customers who
might be pondering a shift to Microsoft’s Xbox.

May 3, 2011

Sony suffers second major user data theft

NEW YORK (Reuters) – Sony disclosed on Monday hackers had stolen the names, addresses and passwords of nearly 25 million more users than previously known less than a day after the Japanese company apologized for one of the worst break-ins in Internet history.

Sony’s latest revelation comes after Sony No. 2 Kazuo Hirai announced measures had been put in place to avert another Playstation-type cyberattack, hoping to repair its tarnished image and reassure customers who might be pondering a shift to Microsoft’s Xbox.

May 2, 2011

Sony unit shuts down service after April break-in

NEW YORK, May 2 (Reuters) – Sony Online Entertainment has
temporarily shut down its online games service and its Facebook
games after discovering the April break-in that led to the
theft of 77 million user accounts also affected its system.

A spokesman for the online games unit said the service was
taken down at 1:30 am Pacific time on Monday. The spokesman
declined to say how many customers were affected and none were
alerted beyond a terse message on its website.

May 2, 2011

EchoStar, Dish to pay TiVo to settle dispute

NEW YORK (Reuters) – Dish Network and EchoStar Corp will pay TiVo Inc $500 million to settle a patent infringement lawsuit involving TiVo’s video recording technology, putting an end to a long and costly legal battle.

Shares of TiVo rose 18 percent in premarket trading following the announcement.

Dish and EchoStar, both controlled by Charlie Ergen, will make an initial payment of $300 million to TiVo, with the remaining $200 million to be paid in six equal annual installments between 2012 and 2017, the companies said.

Apr 28, 2011

Kodak posts deeper loss than expected, shares fall

NEW YORK (Reuters)- Eastman Kodak (EK.N: Quote, Profile, Research, Stock Buzz) posted a larger-than-expected quarterly loss as it made less money from licensing its technology, sending its shares down 10 percent.

The photography company said on Thursday that film business revenue declined by 14 percent to $367 million. Kodak said part of the decrease was due to a hike in raw material costs, particularly in silver, which is used to manufacture film.