Can slower Internet speeds convince consumers to stop pirating copyrighted material online? That’s the assumption behind a new anti-piracy effort launched this week by a coalition of Internet service providers and groups representing movie studios and record labels.
Google will receive the civil equivalent of a subpoena from the U.S. Federal Trade Commission as part of a probe into the Web giant’s Internet search business, the Wall Street Journal reported, citing people familiar with the matter. The FTC plans to send the civil investigative demand with a request for more information, the civil equivalent of a subpoena, within five days, according to the report. U.S. antitrust regulators have been concerned about Google’s dominance of the Web search industry, and the giant Internet company has been under investigation by the European Commission since last November.
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.
As Yahoo’s Executive Vice President of the America’s region, Ross Levinsohn’s task is to transform the image of the lumbering Internet giant to one with a passing resemblance to the darling of the 1990s dotcom era when it called the shots. Though, investors ascribed virtually all of Yahoo’s market value to its prized Asian assets – a major stake in China’s hot Alibaba Group and Yahoo Japan – brushing aside Yahoo’s core U.S. business.
Apple plans to build a circular “spaceship” building in hometown Cupertino — and be the best office building in the world, CEO Steve Jobs said. The ailing Jobs, formally on leave from the company, made his second public appearance in two days late on Tuesday to show off plans to the Cupertino city council. Apple has grown “like a weed” Jobs said, and needs a place to put roughly 12,000 people. The massive new structure would be in addition to the main campus at 1 Infinite Loop.
Twitter confirmed that it has bought TweetDeck, a popular third-party software application that organizes tweets, the short messages delivered through the online social network. Terms were not disclosed but a source told Reuters earlier this month that a deal for up to $50 million was imminent.
Yahoo’s battle with Alibaba intensified as they issued contradictory statements over the Chinese company’s transfer of a major Internet asset to its CEO. Analysts said the handover of Alipay, an online e-commerce payment system, to Alibaba CEO Jack Ma has reduced the value of Yahoo’s 43 percent Alibaba stake. Yahoo said it had been blindsided by the deal, while Alibaba countered that Yahoo was aware of the transaction by virtue of having a board seat, now held by former Yahoo Chief Executive Jerry Yang, who is also a Yahoo director.
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.
New Yahoo board member Akamai President David Kenny is the obvious choice to replace struggling CEO Carol Bartz, writes The Wall Street Journal’s Kara Swisher. Kenny is smooth and well-liked, has deep advertising experience, has a long relationship with Yahoo and its co-founder Jerry Yang and has tech cred as a leader of one of the Internet’s most important infrastructure companies, regularly in contact with media giants, ad networks and video providers that are Akamai’s clients, Swisher argues.
Apple said top software engineer Bertrand Serlet will leave the Mac computer maker after more than a decade spent developing its signature operating system, Mac OS X. Craig Federighi, currently the vice president of Mac Software Engineering, will take over from Serlet and report to CEO Steve Jobs, Apple said in a statement.