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Apr 28, 2011

Kodak posts bigger-than-expected loss; shares fall

NEW YORK, April 28 (Reuters) – Eastman Kodak (EK.N: Quote, Profile, Research, Stock Buzz) posted
a larger-than-expected quarterly loss on fewer licensing
payments for its intellectual property, sending its shares down
nearly 9 percent.

On Thursday, the photography company said its film
business had declined by 14 percent to $367 million. Kodak said
the decrease was due to a hike in raw material costs,
particular in prices of silver, which is used to manufacture
film.

Apr 28, 2011

Sony gamers threaten to leave after hack

LONDON/NEW YORK (Reuters) – Loyal PlayStation gamers are threatening to ditch Sony Corp after it disclosed that personal information for some 77 million user accounts was stolen from its computer systems in one of the biggest-ever data breaches.

“People care very deeply about a data breach. More so than with other issues,” said Larry Ponemon, chairman and founder of the Ponemon Institute. “When you get a letter telling you that your data has been lost or stolen, you get pretty ticked off with the company.”

Apr 27, 2011

Game fans shocked by Sony data hack turn to rivals

NEW YORK/LONDON , April 27 (Reuters) – PlayStation gamers
expressed shock on Wednesday at the massive data hack of Sony
Corp (6758.T: Quote, Profile, Research, Stock Buzz) that compromised their personal information,
leaving many threatening to flock to Sony’s competitors and
other venues.

Shoppers at London video-games stores said they might leave
the network, PSN, which allows them to play games with 77
million other members and buy games online, while some gamers
writing in online forums called for a boycott of Sony
products.

Apr 27, 2011

Sony Playstation suffers massive data breach; firm criticised

TOKYO/NEW YORK (Reuters) – Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) suffered a huge breach in its video game online network that allowed the theft of names, addresses and possibly credit card data belonging to 77 million user accounts, in one of the largest Internet security break-ins ever.

Sony said it learned of the breach in its popular PlayStation Network on April 19, prompting it to shut down the network immediately. Sony did not tell the public about the stolen data until Tuesday, hours after it unveiled its first tablet computers in Japan.

Apr 26, 2011

Sony PlayStation suffers massive data breach

NEW YORK/BOSTON, April 26 (Reuters) – Sony suffered a
massive breach in its video game online network that led to the
theft of names, addresses and possibly credit card data
belonging to 77 million user accounts in what is one of the
largest-ever Internet security break-ins.

Sony learned that user information had been stolen from its
PlayStation Network seven days ago, prompting it to shut down
the network immediately. But Sony did not tell the public until
Tuesday.

Apr 26, 2011

Sony PlayStation Network user data stolen

NEW YORK (Reuters) – An authorized person broke into Sony’s PlayStation video game online network and stole names, addresses and possibly credit card data belonging to 77 million user accounts in what could be one of the largest-ever Internet security breaches.

Sony learned that user information had been stolen from its PlayStation Network seven days ago, prompting it to shut down the network. But Sony did not tell the public until Tuesday.

Apr 26, 2011

Lexmark’s Q2 forecast misses, shares plunge

NEW YORK, April 26 (Reuters) – Printer maker Lexmark
International Inc (LXK.N: Quote, Profile, Research, Stock Buzz) issued a second-quarter forecast that
missed Wall Street expectations and sent its shares down nearly
16 percent.

While the entire printer business is shrinking as people
shift toward keeping documents in digital form, Lexmark
reported a decrease in profit on Tuesday that outpaced industry
declines, signaling it may be losing out to rivals such as
Canon (7739.T: Quote, Profile, Research, Stock Buzz) and Samsung (005930.KS: Quote, Profile, Research, Stock Buzz).

Apr 26, 2011

EA’s COO leaves for Zynga

NEW YORK (Reuters) – Zynga, the social games company, has poached the chief operating officer of Electronic Arts Inc, sources familiar with the matter said on Tuesday.

The executive, John Schappert, will head up Zynga’s game division, one of the sources said.

Apr 26, 2011

EA’s COO leaves for Zynga – sources

NEW YORK, April 26 (Reuters) – Zynga, the social games
company, has poached the chief operating officer of Electronic
Arts Inc (ERTS.O: Quote, Profile, Research, Stock Buzz), sources familiar with the matter said on
Tuesday.

The executive, John Schappert, will head up Zynga’s game
division, one of the sources said.

Apr 21, 2011

Xerox’s quarterly profit rises, Japan fears linger

NEW YORK (Reuters) – Xerox Corp (XRX.N: Quote, Profile, Research, Stock Buzz) maintained its annual outlook but could not soothe investors’ concerns over the earthquake in Japan affecting its business, which sent shares down more than 3 percent on Thursday.

Xerox has manufacturing plants in Japan, buys components for its printers and copiers in the country and also has a 25 percent ownership stake in the Japan-based joint venture, Fuji Xerox.