EBay and its online payment unit, PayPal, sued Google and two executives for stealing trade secrets related to mobile payment systems, highlighting the growing battle between companies vying for a major stake in what has been described as a $1 trillion opportunity. The two executives, Osama Bedier and Stephanie Tilenius, were formerly with PayPal and led the launch on Thursday of Google’s own mobile payment system in partnership with MasterCard, Citigroup and Sprint.
The personal information of more than 283,000 customers at Honda Canada was breached, the company confirmed on Friday. The company said the stolen data included names, addresses, vehicle identification numbers and in some cases financing account numbers, but was not the type that would typically be used for identity theft or fraud.
Sony said it will start restoring its PlayStation videogame network in Japan and elsewhere in Asia on Saturday, more than a month after a massive security breach leaked personal details on tens of millions of accounts. Sony also said it plans to testify before U.S. lawmakers at a hearing on data security in Washington on June 2 to address the breech.
With its Next operating system closer than most expect, Microsoft could corner meaningful tablet market share in 2013 and beyond, Citigroup said. Microsoft could bring out a tablet-optimized version of Windows Next OS before it releases a PC version, the brokerage said in a note to clients.
Microsoft signed a patent agreement with HTC that gives the software giant $5 per HTC phone running Android, according to Citi analyst Walter Pritchard, writes Business Insider’s Jay Yarrow. Pritchard also said that Microsoft is suing other Android phone makers, looking for $7.50 to $12.50 per device, Yarrow adds.