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Friday, November 8, 2013

Technology Report: Exclusive: BlackBerry board rejected proposals to break up company - sources

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11/8/2013
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Exclusive: BlackBerry board rejected proposals to break up company - sources
NEW YORK/TORONTO (Reuters) - BlackBerry Ltd's board does not believe a break-up of the Canadian smartphone maker is currently in its best interests, even though Microsoft Corp, Apple Inc and Lenovo Group Ltd, among others, have expressed interest in acquiring parts of the company, according to people familiar with the discussions.
Twitter's goal in IPO: to avoid becoming Facebook
(Reuters) - As Twitter Inc's chief financial officer planned the company's initial public offering this year, he had one overriding goal: to avoid becoming the next Facebook Inc.
Exclusive: Snowden persuaded other NSA workers to give up passwords - sources
WASHINGTON (Reuters) - Former U.S. National Security Agency contractor Edward Snowden used login credentials and passwords provided unwittingly by colleagues at a spy base in Hawaii to access some of the classified material he leaked to the media, sources said.
Trove of Adobe user data found on Web after breach: security firm
(Reuters) - A computer security firm has uncovered data it says belongs to some 152 million Adobe Systems Inc user accounts, suggesting that a breach reported a month ago is far bigger than Adobe has so far disclosed and is one of the largest on record.
Exclusive - Hot tech start-up Box picks banks for '14 IPO - sources
NEW YORK (Reuters) - Data storage company Box, one of Silicon Valley's highly anticipated IPO candidates, has selected Morgan Stanley, Credit Suisse and JPMorgan Chase & Co to lead a proposed initial public offering, according to three people familiar with the matter.
Twitter shares soar in frenzied NYSE debut
NEW YORK/SAN FRANCISCO (Reuters) - Twitter Inc shares jumped 73 percent in a frenzied trading debut that drove the seven-year-old company's market value to around $25 billion and evoked the heady days of the dot-com bubble.
South Koreans cram for dream jobs at Samsung
BUSAN, South Korea (Reuters) - In a cram school in the South Korean port city of Busan, 70 college students packed into a classroom, chanting "We can do it!" as they studied for an exam they hope will guarantee them a job for life with Samsung Group.
Cablevision sheds video, Internet subscribers
(Reuters) - Cablevision Systems Corp turned in an earnings report showing fewer video subscribers, decreased cash flow and a surprise drop in Internet subscribers - all of which pushed the cable operator's shares down as much as 6 percent on Friday.
BlackBerry could pay $250 million break fee in event of better offer: filing
TORONTO (Reuters) - BlackBerry Ltd will pay up to $250 million to a group of debtors including Prem Watsa's Fairfax Financial Holdings if another deal succeeds, according to a regulatory filing on Thursday detailing the debt deal.
U.S. spying harms cloud computing, Internet freedom: Wikipedia founder
OSLO (Reuters) - The United States' alleged large-scale surveillance of global communications networks will badly harm the U.S. cloud computing industry, the founder of Wikipedia said on Thursday.
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