Technology Report: RIM shares jump on report of sale efforts

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	01/17/2012
Good afternoon Shares of Research in Motion jumped 10 percent on Tuesday fter a tech blog (The Boy Genius Report) said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics. This fall New York will open The Academy for Software Engineering, the city's first public high school that will train kids to develop software, reports Mashable. In protest of the Stop Online Piracy Act, popular Web sites such as Reddit, Boing Boing, and Wikipedia will go dark Wednesday, displaying only a message about their opposition to the controversial bill, reports The Washington Post. Facebook and Google told the Delhi High Court Monday they cannot block offensive content that appears on their services, ZDNet reports. The two Internet giants are among 21 companies that have been asked to develop a mechanism to block objectionable material in India, and the Indian government has given the green light for their prosecution. LATEST NEWS RIM shares jump on report of sale efforts January 17, 2012 02:48 PM ET (Reuters) - Shares of Research In Motion jumped more than 10 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics. | Full Article Samsung Group plans record $41 billion investment in 2012 January 17, 2012 12:57 PM ET SEOUL (Reuters) - Samsung Group, which includes Samsung Electronics Co, said on Tuesday it is raising its 2012 investment to a record $41.4 billion, underscoring the widening gulf between the dominant South Korean conglomerate and its faltering competitors. | Full Article Symantec says hackers stole source code in 2006 January 17, 2012 02:01 PM ET (Reuters) - Symantec Corp said a 2006 breach led to the theft of the source code to its flagship Norton security software, reversing its previous position that it had not been hacked. | Full Article U.S. online piracy bill headed for major makeover January 17, 2012 07:29 AM ET (Reuters) - U.S. legislation aimed at curbing online piracy, which had appeared to be on a fast track for approval by Congress, appears likely to be scaled back or jettisoned entirely in the wake of critical comments over the weekend from the White House, people familiar with the matter said. | Full Article 24 million customer accounts hacked at Zappos January 17, 2012 07:25 AM ET (Reuters) - Online shoe retailer Zappos told customers this weekend that it has been the victim of a cyber attack affecting more than 24 million customer accounts in its database. | Full Article BUSINESS NEWS Wall Street cuts gains January 17, 2012 03:15 PM ET NEW YORK (Reuters) - Stocks pared gains on Tuesday as Citigroup's sharp drop in profit prompted investors to sell bank shares. The concerns about the financial sector overshadowed earlier optimism about the economy, which had pushed stocks up about 1 percent. | Full Article Kraft to cut 1,600 jobs in split January 17, 2012 02:40 PM ET (Reuters) - Kraft Foods Inc said that splitting into two companies would lead it to cut about 1,600 jobs in North America this year and that its 2011 profit should be slightly higher than it had previously forecast. | Full Article Analysis: Rescue fund downgrade raises pressure on euro zone January 17, 2012 02:12 PM ET BRUSSELS (Reuters) - Political resistance is clashing with financial imperatives as the euro zone tries to strengthen its capacity to rescue debt-stricken member states after Europe's temporary bailout fund lost its top-notch credit rating. | Full Article Citigroup profit falls 11 percent, misses Street view January 17, 2012 01:05 PM ET (Reuters) - Citigroup Inc's fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets, hurting trading revenue and discouraging clients from doing deals. | Full Article Wells Fargo profit jumps on loan growth January 17, 2012 01:24 PM ET (Reuters) - Wells Fargo & Co on Tuesday beat Wall Street estimates with a 20 percent increase in fourth-quarter profit, boosted by continued loan growth and improving credit quality. | Full Article U.S. TOP NEWS Romney unscathed from debate attacks Treasury dips into pension funds to avoid debt limit Accused White House gunman faces attempted assassination count Cruise liner captain placed under house arrest: lawyer Guantanamo commander summoned to testify in court RELATED VIDEO Scientists map enzyme to vanquish viruses Pint-sized pick up from Smart debuts in Detroit Viral spiral propels Unruly Media A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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