China regulator determines Qualcomm has monopoly: state-run newspaper
By Paul Carsten and Michael Martina BEIJING (Reuters) - China's antitrust regulator has confirmed that Qualcomm Inc, one of the world's biggest mobile chipmakers, has a monopoly, the state-run Securities Times newspaper reported on Thursday, as Qualcomm's chief executive held talks in China. The regulator, the National Development and Reform Commission (NDRC), is investigating Qualcomm's local subsidiary after it said in February the U.S. chipmaker was suspected of overcharging and abusing its market position in wireless communication standards, allegations which could see it hit with record fines of more than $1 billion. The Securities Times report, based on unidentified sources it said were close to the NDRC, did not say whether the regulator had determined that Qualcomm had abused its monopoly.
Flaws could expose users of privacy-protecting software, researchers say
By Joseph Menn SAN FRANCISCO (Reuters) - Researchers have found a flaw that could expose the identities of people using a privacy-oriented operating system touted by Edward Snowden, just two days after widely used anonymity service Tor acknowledged a similar problem. The most recent finding concerns a complex, heavily encrypted networking program called the Invisible Internet Project, or I2P. Though a core purpose of I2P is to obscure the Internet Protocol addresses of its roughly 30,000 users, anyone who visits a booby-trapped website could have their true address revealed, making it likely that their name could be exposed as well, according to researchers at Exodus Intelligence. “People shouldn’t trust something wholeheartedly just because Snowden says,” Exodus Vice President Aaron Portnoy told Reuters.
FTC commissioner warns on mobile health-data gathering
Federal Trade Commissioner Julie Brill, speaking in Washington on Wednesday, expressed concern about the way apps on smartphones and mobile devices are siphoning sensitive health data, and how some of that information may then be shared with third parties. The debate around the gathering of consumer data is intensifying as Silicon Valley tech companies take a more active interest in mobile health. Apple Inc and Google Inc revealed new health-focused services for apps developers in recent months, dubbed Google Fit and HealthKit. Brill's comments followed a May report in which the FTC revealed the results of a study of mobile health-app developers, which found that a good portion collect consumer health data and give it to third-party entities.
LA Clippers player asks followers for help in finding aunt's killer
(Reuters) - A player for the NBA's Los Angeles Clippers has taken to social media to ask for help in finding a man wanted for stabbing his aunt to death, generating new tips in the case, his family said on Wednesday. Clippers forward Matt Barnes posted pictures of Michael Williams, 51, to his Instagram and Twitter accounts on Tuesday, saying the man was wanted by police in the California capital in connection with the fatal stabbing of his aunt, Tanganyika Williams, 48. On Wednesday, Tanganyika Williams' adult son, David Williams Jr., said that since that message was published, the family has received multiple calls from people who said they had seen Michael Williams in stores around Sacramento. "There are going to be less and less places that this guy is going to have to hide," said David Williams, who is not related to the suspect by blood.
Facebook beats Wall Street targets, stock hits record high
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc's fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record-high in after-hours trading on Wednesday. The world's No.1 Internet social network said on Wednesday that it saw increased interest from both advertisers and from users during the second quarter. Facebook now counts 1.5 million advertising customers and the company's ad business saw strong growth across all of its geographic regions in the second quarter, Chief Operating Officer Sheryl Sandberg told Reuters in an interview on Wednesday. Facebook said that mobile advertising revenue represented 62 percent of its ad revenue in the second quarter, up from 41 percent in the year-ago period and 59 percent in the first quarter of 2014.
(Reuters) - Angie's List Inc, which operates a website that allows users to review local businesses, forecast quarterly revenue below estimates and reported a bigger-than-expected quarterly loss as it spent more to sign up customers. Angie's List said it expects revenue of $80.5 million-$82.5 million for the third quarter ending September. Analysts on average were expecting $86.63 million, according to Thomson Reuters I/B/E/S. The company also forecast marketing expenses of $20 million-$23 million. "We increased marketing spend during a seasonally strong period and had a record quarter in gross new member additions," Chief Executive Bill Oesterle said in a statement on Wednesday.
TripAdvisor's profit misses estimate as costs climb
(Reuters) - Online travel research company TripAdvisor Inc reported a lower-than-expected quarterly profit, sending its shares down 9 percent in extended trading. Total selling and marketing costs rose 53 percent to $127 million in the second quarter ended June 30. Net income rose to $68 million, or 47 cents per share, from $67 million, or 46 cents per share, a year earlier. (http://bit.ly/1A7iLn8) Excluding items, TripAdvisor earned 55 cents per share, 6 cents below what analysts on average had expected, according to Thomson Reuters I/B/E/S. ...
U.S. to Internet providers: We are watching your speed promises
By Alina Selyukh WASHINGTON (Reuters) - U.S. communications regulators on Wednesday reminded Internet service providers to promise consumers only the speed and quality of service that they actually deliver, or face penalties. In an advisory, the Federal Communications Commission urged both fixed and wireless Internet service providers (ISPs) to comply with regulations that say the companies must be clear and accurate in the information they tell consumers about their broadband services. The warning shot to ISPs, such as Comcast Corp and Verizon Communications Inc, comes as the agency crafts new "net neutrality" rules that guide how broadband providers manage web traffic on their networks. The transparency regulations are the only part of the previous "net neutrality" rules set in 2011 that were struck down in court in January.
Six indicted in New York for involvement in StubHub cyber fraud
New York (Reuters) - Six people were indicted in New York for involvement in a global cybercrime ring that took over more than 1,000 accounts of eBay Inc's StubHub online ticket reselling service, according to a statement released by the office of Manhattan District Attorney Cyrus R. Vance Jr. Cybercriminals are believed to have defrauded StubHub of $1 million, the statement said, citing City of London Police Commissioner Adrian Leppard. (Reporting by Karen Freifeld in New York. Writing by Jim Finkle in Boston; Editing by Chris Reese)