 | Good afternoon |  |  | Phone makers RIM and Nokia denied installing on their mobile devices an app which can monitor what users are doing without their knowledge or consent while carriers AT&T and Sprint admitted to using it. The companies responded after a security researcher demonstrated in online videos how the "Carrier IQ" software worked on Google's Android operating system and said that phones running RIM's BlackBerry platform and Nokia's Symbian OS also had the software installed. AT&T and Sprint said they use "Carrier IQ" to monitor network quality.
Blackstone Group and Bain Capital are preparing a bid for all of Yahoo with Asian partners in a deal that could value the Internet company at about $25 billion, a source familiar with the matter said. The potential bid by the consortium, which would include China's Alibaba and Japan's Softbank, has not yet been finalized, the source and two other people familiar with the matter said. E-commerce giant Alibaba, whose primary interest is in buying back a 40 percent stake owned by Yahoo, is keeping its options open and said it has not decided whether to participate in a bid for all of Yahoo.
Apple's iPhone edged past major news events, celebrities and pop stars as the top searched term on the Web in 2011, according to Yahoo. The media company said the smartphone proved more popular than reality television celebrity Kim Kardashian, pop star Katy Perry and singer and actress Jennifer Lopez, who placed in the top five. Casey Anthony, the woman acquitted of the murder of her young daughter after a highly publicized trial, was No. 2.
Best Buy is recalling about 32,000 Rocketfish battery cases for iPhones because of a fire hazard, the Consumer Product Safety Commission and Health Canada said. The Richfield, Minnesota, company and the CPSC have received about 14 reports of the Rocketfish Model RF-KL12 Mobile Battery Case overheating while charging in the United States, the CPSC said.
The European Commission joined forces with major technology firms including Apple, Facebook and Google to improve the protection of children online. The coalition, which includes 28 companies, will develop an age-based online ratings system and aims to strengthen privacy settings. It also plans by the end of next year to make it easier to report inappropriate content. Other measures include improving parental controls and enhancing cooperation among law enforcement and hotline authorities to remove online material showing sexual abuse. | | | LATEST NEWS | | Costly Kindle fight hurting Barnes & Noble | | December 01, 2011 12:29 PM ET | | (Reuters) - Barnes & Noble Inc's expensive investments to keep its Nook e-reader competitive with Amazon's Kindle led to an unexpected quarterly loss for the bookseller, sending its shares down as much as 24 percent on Thursday. | Full Article | | Disney CEO Iger buys $1 million worth of Apple stock | | December 01, 2011 12:46 PM ET | | (Reuters) - Apple Inc's newest board member, Walt Disney Co Chief Executive Officer Bob Iger, bought about $1 million worth of the iPhone maker's shares earlier this week, a symbolic gesture of confidence in the prospects of the company. | Full Article | | Olympus ex-CEO campaigns to oust board | | December 01, 2011 05:11 AM ET | | NEW YORK/TOKYO (Reuters) - The former chief executive of disgraced Olympus Corp, Michael Woodford, launched a campaign on Thursday to oust the board of directors, reclaim his old job and bring in his own team to save the Japanese firm from a big accounting scandal. | Full Article | | Ireland/Iceland Atlantic cable aims for data jobs | | December 01, 2011 01:58 PM ET | | DUBLIN (Reuters) - Ireland and Iceland are seeking to fuel their hard-hit economies and exploit their position on the western edge of Europe with new data centers to be connected via a new, $300 million transatlantic telecoms cable by 2013. | Full Article | | | BUSINESS NEWS
| | Wall St edges lower before payrolls | | December 01, 2011 04:06 PM ET | | NEW YORK (Reuters) - Stocks treaded water on Thursday after the previous day's massive gains, but investors worry that recent strong data could set the market up for a selloff should Friday's jobs report fall short of hopes. | Full Article | | Auto sales rise to near two-year high | | December 01, 2011 04:04 PM ET | | (Reuters) - Strong sales gains by major automakers, paced by Chrysler Group LLC and Volkswagen AG, put November U.S. auto sales on track to hit a two-year high as consumers returned to showrooms even without a big year-end sale. | Full Article | | Mass. AG hits big banks with foreclosure lawsuit | | December 01, 2011 02:43 PM ET | | (Reuters) - The Massachusetts attorney general has filed a lawsuit against five large U.S. banks accusing them of deceptive foreclosure practices, a signal of ebbing confidence that a multi-state agreement can be worked out. | Full Article | | ECB opens door to action, Sarkozy seeks new treaty | | December 01, 2011 03:53 PM ET | | BRUSSELS/TOULON, France (Reuters) - The new head of the European Central Bank signaled on Thursday it stood ready to act more aggressively to fight Europe's debt crisis if political leaders agree next week on much tighter budget controls in the 17-nation euro zone. | Full Article | | Navigating through the AMR bankruptcy | | December 01, 2011 04:38 PM ET | | (Reuters) - The Issue: The parent company of American Airlines, filed for Chapter 11 bankruptcy on Tuesday. But there are still airline industry investing opportunities. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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