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Friday, February 28, 2014

Technology Report: Mt. Gox files for bankruptcy, hit with lawsuit

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02/28/2014
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Mt. Gox files for bankruptcy, hit with lawsuit
TOKYO (Reuters) - Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.
Google seeks to repost anti-Islamic film during appeal
SAN FRANCISCO (Reuters) - Google Inc, saying a federal appeals court order directing it to remove an anti-Islamic film from its YouTube video sharing website would have "devastating effects" if allowed to stand, asked the court to put it on hold.
Sears says investigating possible security breach
BOSTON (Reuters) - Sears Holdings Corp said Friday it has launched an investigation to determine whether it was the victim of a security breach, following Target Corp's revelation at the end of last year that it had suffered an unprecedented cyber attack.
Apple CEO promises new products, says Apple TV no longer a 'hobby'
CUPERTINO, California (Reuters) - Apple Inc sold more than $1 billion of Apple TV set-top boxes in 2013 and is investing heavily in the next generation of products, Chief Executive Tim Cook said at the company's annual meeting on Friday.
Mt. Gox sued in United States over bitcoin losses
(Reuters) - Mt. Gox, once the world's largest bitcoin exchange, has been sued by a customer in what may be the first of many U.S. lawsuits seeking to recoup millions of dollars of losses linked to a hacking attack that led to the exchange's bankruptcy.
German court rejects 1.6 billion euro claim vs Apple by IPCom
MANNHEIM, Germany (Reuters) - A German court on Friday dismissed a lawsuit filed against Apple by German patent manager IPCom claiming 1.57 billion euros ($2.15 billion) in damages.
Mt Gox: The brief reign of bitcoin's top exchange
(Reuters) - The collapse of Mt. Gox might appear sudden, but bitcoin insiders say its downfall began nearly a year ago as the virtual currency exchange tangled with regulators, split from former business partners and grappled with cyber attacks.
EBay founder rejects Icahn's call for PayPal spinoff
(Reuters) - EBay Inc founder and Chairman Pierre Omidyar rejected investor Carl Icahn's call to separate the company's fast-growing PayPal payments unit, saying the businesses were better off together.
Bitcoin true believers unfazed by losses in Mt. Gox collapse
TOKYO (Reuters) - Like other bitcoin evangelists, Ken Shishido is ready to write off the money he lost in the bankruptcy of Tokyo-based virtual currency exchange Mt. Gox as the price of revolutionizing global finance.
Italy cancels "Google tax" on web companies
ROME (Reuters) - Italy has dropped a planned internet tax sometimes dubbed the "Google tax", in one of the first measures enacted by the new government of Matteo Renzi, an official said on Friday.
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