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Wednesday, May 29, 2013

Technology Report: Nasdaq to pay $10 million to settle SEC charges from Facebook snafu

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05/29/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Nasdaq to pay $10 million to settle SEC charges from Facebook snafu
WASHINGTON (Reuters) - Nasdaq OMX on Wednesday agreed to pay $10 million, the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes made during Facebook's initial public offering last year, U.S. securities regulators said on Wednesday.
Wearable technology emerging as major technology cycle -Meeker
SAN FRANCISCO (Reuters) - Wearable computing is emerging as the type of significant technology shift that will drive innovation in the way personal computing did in the 1980s or mobile computing and tablets are doing currently, said Kleiner Perkins Caufield & Byers partner Mary Meeker at the All Things D conference on Wednesday.
Panel to review split ruling in Apple, Samsung patent fight
WASHINGTON (Reuters) - A trade panel that specializes in patent cases will reconsider a split decision made by one of its judges in a long-running patent battle between Samsung Electronics Co Ltd and Apple Inc.
Google to license retailer ratings from STELLAService
SAN FRANCISCO (Reuters) - Google Inc agreed to pay to license retailer ratings from online rating service STELLAService as the world's largest Internet search company steps up competition with e-commerce giant Amazon.com Inc.
Facebook says needs to improve response to hate speech
NEW YORK (Reuters) - Facebook Inc admitted its systems to remove hate speech haven't worked as well as the company had hoped, amid reports that advertisers were pulling their brands off the social network in the face of a backlash from women's groups.
Amazon moving ahead with five original TV series
SAN FRANCISCO (Reuters) - Amazon.com Inc said on Wednesday that it will make five original TV series, having used viewer feedback to pick the shows out of a group of 14 pilots filmed by the world's largest Internet retailer earlier this year.
U.S. accuses currency exchange of laundering $6 billion
NEW YORK (Reuters) - U.S. prosecutors have filed an indictment against the operators of digital currency exchange Liberty Reserve, accusing the Costa Rica-based company of helping criminals around the world launder more than $6 billion in illicit funds linked to everything from child pornography to software for hacking into banks.
Apple CEO sees more 'gamechangers'; hints at wearable devices
RANCHOS PALOS VERDES, Calif./SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook defended the company's record of innovation under his stewardship, saying he expected it would release "several more game changers" and hinting that wearable computers could be among them.
Sprint, SoftBank reach deal with U.S. over security concerns
WASHINGTON/TOKYO (Reuters) - Sprint Nextel Corp and Japan's SoftBank Corp have reached an agreement with U.S. authorities on the national security aspects of the Japanese firm's pending $20.1 billion deal to win control of the U.S. wireless carrier, people familiar with the matter said.
ST-Ericsson sells GPS business to Intel
PARIS/SAN FRANCISCO (Reuters) - ST-Ericsson, a money-losing joint venture being wound down by owners STMicroelectronics and Ericsson, has sold its GPS mobile business to Intel.
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