Brand owners will soon be able to operate their own parts of the Web — such as .apple, .coke or .marlboro — if the biggest shake-up yet in how Internet domains are awarded is approved.
A recent wave of computer network attacks has boosted concerns about U.S. vulnerability to digital warfare. The Obama administration is racing on multiple fronts to plug the holes in the U.S. cyber defense, focusing on an expanded effort to safeguard its contractors from hackers and building a virtual firing range in cyberspace to test new technologies.
Spanish police arrested three men suspected to be members of the hacker group Anonymous, charging them with organizing cyber attacks against the websites of Sony, Spanish banks BBVA and Bankia, and Italian energy group Enel SpA– but not the recent massive hacking of PlayStation gamers. Anonymous responded by threatening to retaliate for the arrests: “We are Legion, so EXPECT US,” the group said on its official Twitter feed.
Apple will pay between $100 million and $150 million to the four major music labels in order to get its music streaming service iCloud started, according to the New York Post.
Research in Motion shares tanked to their lowest level since October after the BlackBerry maker slashed its sales and earnings forecasts Thursday, an unexpected blow that followed an anemic forecast in late March and last week’s troubled launch of its PlayBook tablet. “We’ve heard for too long about RIM’s great product roadmap. Consumers are not listening nor waiting,” National Bank analysts said in a note. “RIM does not even seem to have dual cameras on its upcoming BlackBerry product line-up. The last time we checked, video is the future.” All hope seems to rest on what the Canadian company pulls out of its labs and onto center stage at BlackBerry World, starting Monday, where the company will unveil a new generation of touchscreen BlackBerrys.
Intel forecast quarterly revenues well above Wall Street’s estimates despite a hiccup in sales of its Sandy Bridge processors after the discovery of a chipset design flaw and defying fears the world’s top chip maker is struggling to find its footing as personal computer sales growth wanes.
Google’s stunning 54 percent spending surge spooked investors already worried its new CEO Larry Page may take his eye off the bottom line to chase revenue growth, driving its shares more than 5 percent lower. Investors zeroed in on the stunning surge in expenses to $2.84 billion, which dwarfed a 29 percent jump in net revenue and reflected a record hiring spree, company-wide salary raises, and splurging on everything from marketing to technology. “If the expenses are targeted and result in future revenue streams, then good for Larry. If not, that results in an undisciplined spending approach”, said Colin Gillis, analyst at BGC Partners.
Growing demand for phones running on Google’s Android platform will help the smartphone market grow in 2011, boosting companies like HTC and Samsung who are betting on the platform, analysts said.
Retailers risk losing the majority of mobile device users unless they make mobile shopping easier and more engaging, writes Jessica Woh. While 89.7 percent of Americans aged 18 to 64 have mobile phones, only 49.1 percent use their phones to shop, according to marketing service Arc Worldwide. Consumers who use mobile phones to shop are able to compare prices on the go and are seen as less likely to make impulse buy, Woh adds.