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Facebook says SEC's IPO probe ends, extending WhatsApp closing date

Woman holds a tablet displaying WhatsApp's logo in front of the screen with the Facebook logo in this photo illustration taken in Prague(Reuters) - Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering. In its quarterly report filed on Thursday, Facebook said the regulator in May "notified us that it had terminated its inquiry and that no enforcement action had been recommended by the SEC." Facebook shares began trading on May 18, 2012, but soon fell below their $38 per share offering price and had lost more than half their value by the middle of August, angering investors. Investors also complained they were not told just prior to the IPO that analysts at Facebook's investment banks were cutting their forecasts after learning of the company's internal projections for advertising revenue. The end of the SEC probe does not affect shareholder litigation against Facebook, Chief Executive Mark Zuckerberg and many banks over the Menlo Park, California-based company's IPO.


07/25/2014 03:55 PM

Dell, BlackBerry downplay threat from Apple-IBM alliance

Visitors walk past the IBM booth at the 9th China International Software Product & Information Service Expo in NanjingBy Euan Rocha and Alastair Sharp TORONTO (Reuters) - IBM Corp's recent move to partner with Apple Inc to sell iPhones and iPads loaded with corporate applications has excited investors in both companies, but two rivals say they are unperturbed for now. Top executives at Dell and BlackBerry Ltd scoffed at the threat posed by the alliance this week, arguing the tie-up is unlikely to derail the efforts of their own companies to re-invent themselves. I think it just made a good press release," John Swainson, who heads Dell's global software business, said in an interview with Reuters in Toronto on Thursday. PC maker Dell and smartphone maker BlackBerry are in the midst of reshaping their companies around software and services, as the needs of their big corporate clients morph.


07/25/2014 03:11 PM

Europe debates how far to push 'right to be forgotten'

A Google search page is seen through a magnifying glass in this photo illustration taken in BrusselsBy Leila Abboud and Julia Fioretti PARIS/BRUSSELS (Reuters) - European regulators have not yet decided whether to try to force search engines such as Google and Microsoft's Bing to scrub results globally when people invoke their "right to be forgotten" in the region. Isabelle Falque-Pierrotin - who heads France's privacy watchdog and the WP29 group of EU national data protection authorities - said in an interview on Friday that no consensus had yet been reached on what she called a "complicated issue". The European Union's top court ruled in May that search engines must take down certain results shown under a search of a person's name if the information was "inadequate, irrelevant or no longer relevant". Although the "right to be forgotten" existed as a concept in European law, the ruling marked the first time companies like Google have been asked to field such requests from the public.


07/25/2014 01:13 PM

Cynk Tech plummets 85 percent as trading suspension ends
By Rodrigo Campos NEW YORK (Reuters) - Cynk Technology shares plummeted to close down about 85 percent on Friday after a trading suspension was lifted, but the stock was only being exchanged in private deals. Based in Belize, Cynk became one of the market's biggest stories as volumes soared and the social media company briefly became valued at more than $6 billion, despite having no revenue and being described as a "development stage" company.
07/25/2014 04:43 PM

Verizon to slow down speeds for some unlimited data subscribers

Sign of Verizon Wireless is seen at its store in WestminsterBy Marina Lopes WASHINGTON (Reuters) - Verizon Communication Inc's high speed wireless customers who subscribe to the company's legacy unlimited data plans might experience slower speeds starting Oct. 1, the company said on Friday. Verizon will slow services for the top 5 percent of data users who are on unlimited plans in places where the network is experiencing high demand, the company announced on its website. The policy is currently in effect for unlimited subscribers on the 3G network, but will be expanded to its 4G, higher speed network in October. Verizon stopped offering unlimited data plans in 2012.


07/25/2014 04:59 PM

Cellphone unlocking bill clears U.S. House, heads to Obama
By Alina Selyukh WASHINGTON (Reuters) - The U.S. House of Representatives approved legislation on Friday to give mobile-phone users the right to 'unlock' their devices and use them on competitors' wireless networks, something that is now technically illegal. President Barack Obama said in a statement that he looked forward to signing the bill into law. "The bill congress passed today is another step toward giving ordinary Americans more flexibility and choice, so that they can find a cell phone carrier that meets their needs and their budget," Obama said. The lawmaking follows a 2012 ruling by the Library of Congress, the minder of U.S. copyright law, that effectively made phone unlocking illegal, even after the consumer completed the contract with its wireless carrier.
07/25/2014 04:09 PM

Comic-Con gets first look at 'Mockingjay' trailer

A woman dressed as the character Katniss Everdeen from the movie, "The Hunger Games: Catching Fire," poses in front of Comic-Con Thursday, July 24, 2014, in San Diego. Thousands of fans with four-day passes to the sold-out pop-culture spectacular flocked to the event Thursday, many clad in costumes. (AP Photo)SAN DIEGO (AP) — The trailer for the next film in the popular "Hunger Games" series is making its premiere at Comic-Con.


07/25/2014 05:19 PM

This is what Halo 2 looks like on Xbox One

This is what Halo 2 looks like on Xbox OneFor many Xbox fans, the long-awaited announcement of Halo 2: Anniversary was a highlight of E3 2014. No one ever doubted that Xbox classic would be remastered for the new generation, but it was an exciting announcement nevertheless, especially when coupled with the reveal of The Master Chief Collection. Now 343 Industries has returned to the stage just a month later to show off the first overhauled cinematic cutscene from the Anniversary edition of Halo 2, and it’s even more stunning than you might have imagined. Rather than just lay an HD skin on top of the original cinematics, 343 Industries brought on Blur Studio to completely rework the scenes from the ground up. It might not be Halo 5, but it


07/25/2014 05:15 PM

Amazon worker piloted drone around Space Needle
SEATTLE (AP) — An Amazon.com employee from out of town was the operator of a drone that buzzed the Seattle Space Needle this week, police said.
07/25/2014 05:14 PM

Verizon to start throttling data on unlimited LTE plans

Verizon to start throttling data on unlimited LTE plans


07/25/2014 04:49 PM

Pebble vs. Android Wear, which should you buy?

Pebble vs. Android Wear, which should you buy?There are only two smartwatches worth buying today, the Pebble and Google's new Android Wear platform. If you're set on buying a smartwatch, which do you buy? The Pebble has sharp looks and long battery life, while Android Wear brings color displays and the full power of Google Now. Does either earn your money?


07/25/2014 04:48 PM

Which smartwatch should you buy?

Which smartwatch should you buy?There are only two smartwatches worth buying today: the Pebble and Google's new Android Wear platform. If you're bent on buying one, which do you choose? The Pebble's got the looks, Android Wear has the power of Google, should either earn your money? Right now, the Pebble takes the lead over Android Wear, but it's likely that far better things are right around the corner, and the smart move might just be to wait for those.


07/25/2014 04:46 PM

Bose sues Beats over headphone noise-cancellation patents
High-end sound system and headphone maker Bose Corp is going after the newer kid on the block, Beats Electronics, with a lawsuit accusing Beats of infringing several patents related to noise-cancellation technology. In a lawsuit filed Friday in federal court in Delaware, Bose said Beats had willfully infringed upon five of its patents,which Beats allegedly uses in its Studio and Studio Wireless line of headphones. Bose said it had lost profits and sales as a result. Bose was seeking unspecified damages from Beats, which Apple Inc announced this year it would acquire for $3 billion.
07/25/2014 04:46 PM

This app will let you delete all your drunk texts once you sober up

This app will let you delete all your drunk texts once you sober upWiper is a new smartphone app that will let you do something you may have wanted to do with certain drunk texts, and that’s delete them after the fact both on your phone as well as on the recipient’s handset. Spotted by Business Insider, Wiper is available for iOS and Android devices, where it acts almost like any other messaging app, allowing users to chat (text and voice), as well as send and receive media files. However, its trick lies in the “Wipe” button, which can be used by any party in the conversation to delete parts of the chat, or the entire thing, from all devices. Wiper will automatically get rid of everything in the chat, whether it’s text, photos or videos,


07/25/2014 04:30 PM

Watch the first trailer for the next season of 'The Walking Dead'

Watch the first trailer for the next season of 'The Walking Dead'Things have never really been going well on The Walking Dead, but the core crew only appears more broken and battered than ever in the first trailer for Season 5. The trailer teases the group's attempts to get to DC and — hopefully — deliver a cure for the zombifying infection. There's always been a lot standing in their way, and it all looks even more gruesome and horrifying in this coming season. The show will come back on the air with new episodes starting October 12th.


07/25/2014 04:15 PM

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