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| Sirius XM sued for digital royalty underpayment Monday, Aug 26, 2013 07:36 PM PDT By Nate Raymond (Reuters) - A U.S. nonprofit charged with collecting digital royalties for music artists sued satellite radio service provider Sirius XM Radio Inc for at least $50 million on Monday for underpaying on recordings, including ones from before 1972. The lawsuit was filed in the U.S. District Court for the District of Columbia by SoundExchange Inc, an entity appointed by the Copyright Royalty Board to collect and distribute performance royalties established under federal law. ... Full Story | Top |
| Regulators, Bitcoin group discuss digital currency Monday, Aug 26, 2013 03:07 PM PDT By Emily Stephenson and Brett Wolf WASHINGTON (Reuters) - U.S. regulators and law enforcement agencies met on Monday with an advocacy group for Bitcoin, a digital currency that has been under fire for its purported role in facilitating anonymous money transfers. Jennifer Shasky-Calvery, director of the Financial Crimes Enforcement Network (FinCEN), said her unit hosted a presentation by members of the Bitcoin Foundation, an advocacy group of Bitcoin-related businesses. ... Full Story | Top |
| U.S. judge approves Facebook privacy settlement over ads Monday, Aug 26, 2013 02:35 PM PDT  By Dan Levine SAN FRANCISCO (Reuters) - A U.S. judge on Monday granted final approval to Facebook's $20 million settlement of a lawsuit over targeted advertising despite objections that the deal did not go far enough to protect children's privacy. Five plaintiffs filed a class action against Facebook in 2011, saying the social networking giant's "Sponsored Stories" program shared users' "likes" of certain advertisers with friends without paying them or allowing them to opt out. ... Full Story | Top |
| Two charged with stealing source code from NY trading firm Monday, Aug 26, 2013 02:33 PM PDT By Joseph Ax NEW YORK (Reuters) - Two men have been charged by New York prosecutors with stealing secret computer code from a high-frequency trading firm in an effort to start their own business. Jason Vuu, 26, a former trader at Flow Traders LLC in Manhattan, was charged with emailing himself trading strategies, valuation algorithms and proprietary code from the firm and sharing the code with another man, Simon Lu, 25, according to criminal complaints filed by the office of Manhattan District Attorney Cyrus Vance. ... Full Story | Top |
| Telefonica wins Slim over with sweetened German deal Monday, Aug 26, 2013 11:34 AM PDT  By Sara Webb and Clare Kane AMSTERDAM/MADRID (Reuters) - Telefonica has raised its bid for KPN's German arm by 6 percent to 8.55 billion euros ($11.5 billion), winning over top KPN investor America Movil and setting the stage for consolidation in Europe's largest mobile market. Mexican billionaire Carlos Slim's America Movil, which owns almost 30 percent of KPN, said it backed Telefonica's new offer for KPN's E-Plus unit. Shares of America Movil rose 1 percent in morning trade. ... Full Story | Top |
| PE firm to take Globecomm private for $340 million Monday, Aug 26, 2013 08:03 AM PDT (Reuters) - Satellite communications provider Globecomm Systems Inc agreed to be taken private by investment firm Wasserstein & Co for about $340 million. Wasserstein's offer of $14.15 per share in cash represents a 1.73 percent discount to Globecomm's closing price on Friday. Globecomm shares fell 3 percent to $13.95 on the Nasdaq on Monday morning, trading well below the offer price. The stock had risen 24 percent to Friday since the company said in January that it was exploring strategic alternatives. ... Full Story | Top |
| In digital age games makers still feel need to meet and greet Monday, Aug 26, 2013 07:25 AM PDT  By Harro Ten Wolde and Christiaan Hetzner COLOGNE, Germany (Reuters) - Videogames maker Electronic Arts knows that in the Vatican there are more than just a few soccer fans thanks to customer feedback for its flagship sports title FIFA Soccer mined from connected gamers all over the world. Game developers such as EA, Activision Blizzard, Ubisoft and Sony are sitting on a treasure trove of client data that enables them to reach the right target group at the right time, yet every year in August they still flock to the Gamescom in Cologne to meet gamers in person. ... Full Story | Top |
| New apps help shoppers identify items using image recognition Monday, Aug 26, 2013 01:13 AM PDT  By Natasha Baker TORONTO (Reuters) - A new app lets shoppers flipping through retail flyers purchase items that catch their eye using image recognition technology. The iOS app Pounce allows shoppers to scan images they spot in print media with their device's camera, then purchase the item online directly from the retailer running the advertisement. ... Full Story | Top |
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