Reuters: Internet News

Powerful "Flame" cyber weapon found in Iran

Mon, 28 May 2012 18:17:51 -0400

BOSTON (Reuters) - Security experts said on Monday a highly sophisticated computer virus is infecting computers in Iran and other Middle East countries and may have been deployed at least five years ago to engage in state-sponsored cyber espionage.

Shareholders sue Facebook, NYSE comes calling

Thu, 24 May 2012 10:31:26 -0400

SAN FRANCISCO (Reuters) - The fallout from Facebook Inc's messy initial public offering widened on Wednesday as shareholders sued the social network and its bankers while a trading firm revealed a massive loss on the shares and threatened to seek "remedies."

Corrected: Dish, TV networks take fight over ad zapper to judges

Fri, 25 May 2012 14:03:09 -0400

(Reuters) - A legal battle erupted between DISH Network and some of the major broadcast networks Thursday as the two sides traded lawsuits over the satellite distribution company's "Hopper" DVR, which threatens to bring down the television business model by allowing viewers to skip over commercials entirely.

RealNetworks to refund customers in online subscription dispute

Thu, 24 May 2012 15:52:42 -0400

(Reuters) - Online media company RealNetworks said it will set up a $2 million compensation fund for some of its subscribers to settle a complaint filed by Washington state prosecutors over its e-commerce practices.

Jury deals big blow to Oracle in Android case versus Google

Wed, 23 May 2012 22:55:00 -0400

SAN FRANCISCO (Reuters) - Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a fight between the two Silicon Valley giants over smartphone technology.

Apple: U.S. e-book lawsuit "fundamentally flawed"

Wed, 23 May 2012 16:23:35 -0400

(Reuters) - Apple Inc is rejecting charges that it conspired to fix prices of electronic books, calling the U.S. government's antitrust lawsuit a "fundamentally flawed" endeavor that could discourage competition and harm consumers.

Pandora Media raises outlook as more people tune in

Wed, 23 May 2012 18:21:47 -0400

(Reuters) - Online streaming music service Pandora Media Inc reported better-than-expected revenue and raised its full-year guidance as more people tuned in.

888 sees Spain tax bill under $10 million: source

Thu, 24 May 2012 08:28:27 -0400

LONDON (Reuters) - Online gaming firm 888 expects to pay a back-tax bill for its Spanish operations of less than $10 million, as Spain prepares to award its first online betting licenses in June, a source close to the company said.

Yahoo under Levinsohn seen shifting to content, advertising

Wed, 23 May 2012 09:43:01 -0400

SAN FRANCISCO (Reuters) - With two of its most distracting conflicts resolved in the past week and a half, Yahoo Inc hopes its new interim chief executive can focus on the biggest challenge of all: turning the company into an entertainment and information destination that wins back the advertising dollars flowing elsewhere.

FCC chief backs usage-based Internet pricing

Tue, 22 May 2012 19:44:40 -0400

BOSTON (Reuters) - The head of the Federal Communications Commission said he supports cable companies' charging for Internet based on how much a subscriber uses the service, and also welcomed a cable industry initiative to share Wi-Fi hotspots around the country.