NEW YORK (Reuters) – Security researchers said they found a vulnerability in the Google Inc mobile payments platform which is currently available in phones sold by Sprint Nextel Corp.

Mobile payment services that allow consumers to pay by waving their phone at a check-out terminal, instead of using a credit card, have long been available in Japan and some other countries but are only just emerging in the United States.

NEW YORK, Feb 10 (Reuters) – Security researchers say
they have found a vulnerability in the Google Inc
mobile payments platform which is currently available in phones
sold by Sprint Nextel Corp.

Mobile payment services that allow consumers to pay by
waving their phone at a check-out terminal instead of using a
credit card have long been available in Japan and some other
countries but are only just emerging in the United States.

By Sinead Carew

(Reuters) – Eastman Kodak Co (EKDKQ.PK: Quote, Profile, Research, Stock Buzz), the inventor of the digital camera, plans to get out of that business in the first half of the year as the bankrupt company looks to cut costs.

The decision to stop selling digital cameras along with pocket video cameras and digital picture frames marks the end of an era for Kodak, which also invented the handheld camera.

By Sinead Carew

(Reuters) – Sprint Nextel (S.N: Quote, Profile, Research, Stock Buzz) posted a wider quarterly loss because of the higher costs of selling Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone and the popular device delivered a smaller-than-expected boost to subscriber numbers, sending the company’s shares down 2 percent.

While the company’s loss was not as big as Wall Street feared, Sprint’s quarterly results and financial targets did little to calm investor nerves about its $15.5 billion bet on iPhone which coincides with a $7 billion network upgrade.

Feb 6 (Reuters) – Verizon Communications Inc
and Coinstar’s Redbox unit have formed a joint venture
to sell video services aimed at competing against video rental
giant Netflix Inc.

The venture will combine the Redbox DVD rental kiosk
business with an Internet video offering from Verizon, including
mobile offerings, in the second half of the year.

By Sinead Carew and Yinka Adegoke

(Reuters) – Verizon Communications Inc and Coinstar’s Redbox unit have formed a joint venture to provide video services aimed at competing against video rental company Netflix Inc.

Shares of Coinstar rose about 7 percent after news of the venture, which will combine the Redbox DVD rental kiosk business with an Internet video offering from Verizon.

NEW YORK (Reuters) – Sprint Nextel (S.N: Quote, Profile, Research, Stock Buzz), like its bigger rivals, is expected to report a steep decline in fourth-quarter profit margins due to its launch of the costly Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone.

But the comparison ends there, according to analysts, who say that an investment in the No. 3 U.S. mobile provider is a much riskier bet than one in Verizon Communications (VZ.N: Quote, Profile, Research, Stock Buzz) or AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) since it may be years before investors see a return.