Online classifieds giant Craigslist countersued its minority owner, eBay, on Tuesday, alleging the online auctioneer is violating federal and state antitrust laws. The legal spat, which began last month, pits two of the Internet's most popular Web sites against one another. It lays bare eBay's long-standing desire for a majority stake in Craigslist and Craigslist's continued resistance to eBay's advances. Craigslist claims eBay attempted to quash competition by using privileges and information gleaned from its 28 percent stake in Craigslist to benefit its own classifieds site Kijiji.[More...]
Sony punctuated its recovery by swinging to a profit for the January-March quarter from a loss a year ago on its way to a record performance for the fiscal year as it reduced losses from its PlayStation 3 video game business. Strong sales of flat panel TVs and digital cameras also helped nearly triple annual profit compared with the previous financial year, the company said Wednesday.[More...]
There is really nothing wrong with the brand "Bollywood," except that the Indian film industry has become far more powerful and far-reaching than anything else like this in any other country of the world, and even larger than Hollywood. In hindsight, decades ago, who in their right mind would have picked such a blatant knockoff as "Bollywood" -- so clearly a cheap copy of Hollywood?[More...]
Securing Web applications is the No. 1 problem facing security professionals today. With 162 million Web sites in existence and millions more popping up each month, the sheer size of the problem is staggering -- not to mention the fact that nine out of 10 Web sites have serious vulnerabilities that can put critical customer data at risk.[More...]
A British government agency has complained to the European Commission about the lack of interoperability in some of Microsoft's applications, but regulators are reportedly not opening a new formal inquiry on the complaint. The British Educational Communications and Technology Agency filed the complaint with the UK's Office of Fair Trading last October, citing two issues.[More...]
Dell has reportedly decided to scrub several models in its high-end line of XPS PCs. The computer maker is turning away from the XPS machines to limit competition with its Alienware systems, according to a Tuesday report. Dell acquired Alienware back in March 2006 but allowed the gaming PC maker to continue to operate independently and sell its brand of high-end computers.[More...]
HP is placing a $13.9 billion bet that it can wrest a piece of the tech services outsourcing market from IBM. It has announced it will acquire EDS for that sum. "The combination of HP and EDS will create a leading force in global IT services," said HP CEO Mark Hurd in announcing the proposed acquisition.[More...]
The restaurant-slash-arcade-slash-bar Dave & Buster's is the latest U.S. outlet to suffer a breach of its credit card processing system. Hackers based in Ukraine and Estonia -- assisted by a guy in Miami -- installed packet sniffer malware at the point of sale systems in several D&B outlets.[More...]
Dish Network said Monday its first-quarter net income rose 65 percent even though new subscriber growth of its satellite television service plunged on the languishing economy and stiffer competition. In a Securities and Exchange Commission filing, the company also cited satellite launch delays and problems within its operations as factors that dampened growth.[More...]
A prosecutor was appointed Monday to investigate how a computer hacker accessed government data for 6 million Chileans and posted it to the Internet. Prosecutor Jose Ignacio Escobar, a specialist in high-tech crime, opened the probe as the government announced plans to step up data protection.[More...]
Video is changing the way we use the Internet for entertainment, education, blogging, product promotion and so many other forms of content. Services like YouTube, Metacafe, Google Video, AOL Video and a host of others have created an enormous online viewing audience by making it easy for anyone to upload, search and share videos.[More...]