U.S. videogame giant Electronic Arts (EA) on Tuesday reported a deepened loss in the last quarter but saw a bright future as players opt increasingly for online play and digital downloads.
The Northern California-based firm posted a net loss of $322 million on net revenue $1.05 billion in the quarter ending December 31 as compared with a loss of $82 million on revenue of $1.24 billion in the same period a year earlier.
Full StoryNews Corp.'s Rupert Murdoch is to unveil "The Daily" on Wednesday, a digital newspaper for the iPad, the tablet computer the media tycoon has said may be the savior of the struggling news industry.
Murdoch, the 79-year-old chairman and chief executive of News Corp., and Eddy Cue, vice president of Internet Services at iPad maker Apple, are to take the wraps off The Daily at an event at the Guggenheim Museum in New York.
Full StoryLG Electronics said it would release its first tablet computer in the United States in March as it prepares to go head to head with Apple's iPad.
LG said the G-slate was among the first tablet models to run on the "Honeycomb" operating system, which is Google's latest generation of Android platforms designed for mobile devices with large screens.
Full StoryOracle has agreed to pay $46 million to settle claims that Sun Microsystems, which it acquired last year, submitted false claims to U.S. agencies, the U.S. Justice Department said on Monday.
The settlement stems from allegations that Sun paid kickbacks to systems integrator companies in return for recommendations that U.S. government agencies purchase Sun products, the department said in a statement.
Full StoryThe last of Egypt's main Internet service providers, the Noor Group, has gone dark.
The Noor Group had remained online even after Egypt's four main Internet providers — Link Egypt, Vodafone/Raya, Telecom Egypt, Etisalat Misr — abruptly stopped shuttling Internet traffic into and out of the country Friday morning.
Full StoryStock exchanges in Britain and the United States have enlisted the help of the security services after finding out they were the victims of cyber attacks, The Times newspaper reported Monday.
The London Stock Exchange (LSE) is investigating a terrorist cyber-attack on its headquarters last year while U.S. officials have traced an attack on one of its exchanges to Russia, according to the British newspaper.
Full StoryAn alcohol-detection prototype that uses automatic sensors to instantly gauge a driver's fitness to be on the road has the potential to save thousands of lives, but could be as long as a decade away from everyday use in cars, federal officials and researchers said Friday.
U.S. Transportation Secretary Ray LaHood visited QinetiQ North America, a Waltham, Mass.-based research and development facility, for the first public demonstration of systems that could measure whether a motorist has a blood alcohol content at or above the legal limit of .08 and — if so — prevent the vehicle from starting.
Full StoryBritish police arrested five people and the FBI launched raids across the U.S. as part of a probe into cyber attacks by online group "Anonymous", which last year assailed websites hostile to WikiLeaks.
In a series of dawn raids in England on Thursday, three teenage males and two adult men were arrested on suspicion of breaking the Computer Misuse Act 1990, London's Metropolitan Police Service (MPS) said.
Full StoryThe New York Times is experimenting with another source of revenue: digital books.
The newspaper said Wednesday it will publish its first e-book on Monday.
Full StoryFacebook on Wednesday announced heightened privacy controls for members of the world's largest online social network.
The security enhancements came on the heels of a hacker posting a bogus message on the public fan page of Facebook founder Mark Zuckerberg suggesting that the website pursue social good instead of business profit.
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