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Wednesday, September 19, 2012

Technology Report: Nasdaq defends Facebook compensation plan in letter to SEC

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09/19/2012
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Nasdaq defends Facebook compensation plan in letter to SEC
(Reuters) - Nasdaq OMX Group Inc stood by its proposed $62 million plan to compensate firms affected by the fallout from Facebook's botched IPO, taking aim at UBS AG, Citigroup Inc and other parties which derided the payback plan.
JPMorgan Chase consumer website intermittently down
NEW YORK (Reuters) - The consumer banking website of JPMorgan Chase & Co was intermittently unavailable to some customers on Wednesday, a spokesman said, in a second day of Internet issues for a major bank in the United States.
Adobe third quarter EPS in line, revenue falls short
(Reuters) - Adobe Systems Inc, maker of Photoshop and Acrobat software, reported a quarterly profit in line with estimates but missed revenue expectations due to currency effects.
Groupon launches credit card payment business
(Reuters) - Groupon Inc, the world's largest online daily deals provider, launched a payment business on Wednesday and entered a crowded field where it will compete aggressively on price with eBay Inc's PayPal and start-up Square Inc.
U.S. judges to decide venue for Facebook lawsuits
(Reuters) - Before Facebook Inc investors can pursue their court fight over the social network's problematic stock market debut, a panel of federal judges must decide whether to put the cases under one roof and, if so, where.
HTC unveils two Windows phones, multiple customers
NEW YORK (Reuters) - HTC Corp on Wednesday unveiled two smartphone models running Microsoft Corp's Windows Phone 8 software and said the devices would be available in November through multiple wireless service providers around the world.
Reviewers swoon over Apple's "flat out lovely" iPhone 5
(Reuters) - Apple Inc's iPhone 5 has won rave reviews from tech bloggers and other reviewers who were given the faster, slimmer and lighter smartphone ahead of its release to customers later this week, with CNET describing it as "flat out lovely."
Private networks vulnerable to cyber attack: Pentagon
WASHINGTON (Reuters) - Privately-owned computer networks remain vulnerable to cyber attacks, and many U.S. companies are not doing enough to protect them, Deputy Defense Secretary Ashton Carter said on Wednesday.
AT&T says iPhone demand "incredible"
NEW YORK (Reuters) - Demand for the new Apple Inc iPhone 5 has been "incredible," AT&T Inc Chief Executive Randall Stephenson said on Wednesday.
Apple, publishers back off in EU e-book antitrust case
BRUSSELS (Reuters) - Apple Inc and four major publishers have offered to let retailers such as Amazon.Com Inc sell e-books at a discount to settle an EU antitrust investigation into their pricing deals and avoid possible fines.
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