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Friday, December 27, 2013

Technology Report: Nasdaq to compensate firms on December 31 for botched Facebook IPO

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12/27/2013
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 compensate firms on December 31 for botched Facebook IPO
NEW YORK (Reuters) - Nasdaq OMX Group Inc will compensate firms on December 31 for qualifying claims related to Facebook Inc's botched May 2012 initial public offering, the exchange operator said in a note to traders on Friday.
Mobile carriers failed to use tech fixes to thwart spying: expert
(Reuters) - The world's mobile phone carriers have failed to implement technology fixes available since 2008 that would have thwarted the National Security Agency's ability to eavesdrop on many mobile phone calls, a cyber security expert says.
China approves pilot to open mobile telecoms market, boost competition
SHANGHAI (Reuters) - China has approved a pilot scheme allowing private companies to piggy back on the country's three dominant telecommunications providers to offer own-brand mobile services, opening the world's largest mobile phone market to increased competition.
Delta website glitch offers up tickets at rock-bottom rates
(Reuters) - A website glitch on Thursday morning caused some Delta Airlines fares to be offered at deep discounts to normal prices, including a reported roundtrip between New York and Los Angeles for $40.
Fortress backs new LightSquared bankruptcy exit plan
(Reuters) - LightSquared is proposing a new bankruptcy exit plan with financing from Fortress Investment Group and other backers, as the U.S. wireless communications company seeks to avoid a sale to highest bidder Dish Network Corp.
Analysis: In telecom merger mania, skeptical eye from Obama administration
WASHINGTON/NEW YORK (Reuters) - A pair of potentially transformative U.S. telecoms and cable deals could run afoul of Obama administration regulators who worry that mergers among market leaders would hurt consumers.
Co-founder Lazaridis cuts stake in BlackBerry
(Reuters) - BlackBerry Ltd co-founder Mike Lazaridis cut his stake in the company to 4.99 percent from 8 percent, and said that a group, which included Lazaridis, walked away from exploring a bid for the troubled smartphone maker. (http://link.reuters.com/sup65v)
Hulu must face privacy lawsuit, U.S. judge rules
(Reuters) - Hulu has failed to persuade a federal judge to dismiss a lawsuit accusing the video streaming service of illegally sharing users' viewing history with Facebook Inc and business metrics company comScore Inc.
Disney cuts CEO pay, adds Twitter co-founder to board
(Reuters) - Walt Disney Co has slashed Chief Executive Bob Iger's fiscal 2013 compensation by 15 percent with a bonus cut, and named Twitter Inc co-founder Jack Dorsey an independent board director.
Japan's 7-Eleven kingpin looks to U.S. to inspire online revolution
TOKYO (Reuters) - The 81-year-old Japanese executive who built 7-Eleven into the world's biggest convenience store chain has a new mission: turning more than 50,000 bricks and mortar stores in Japan into portals to a new online retail empire.
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