Weekend: Chance of Precipitation: Fri: 0% / Sat: 0% / Sun: 20%.
Man who sued Facebook's Zuckerberg must face fraud charges: judge
By Joseph Ax NEW YORK (Reuters) - A New York businessman must face criminal fraud charges for trying to claim a billion-dollar stake in social media company Facebook Inc, a federal judge ruled on Friday. Paul Ceglia, 40, is accused of forging a 2003 contract with Facebook CEO Mark Zuckerberg that supposedly entitled him to part ownership of the company. After an hour-long hearing in New York, U.S. District Judge Andrew Carter rejected Ceglia's request to throw out the charges, finding he had failed to meet the "high standard" needed to dismiss a grand jury indictment. Ceglia sued Zuckerberg and Facebook in 2010 in a federal court in Buffalo, New York, claiming that he and Zuckerberg had signed a contract while Zuckerberg was a freshman at Harvard University for Ceglia to invest $1,000 in a planned social networking website.
Mexico telecoms regulator reins in Slim and his empire
By Tomas Sarmiento and Christine Murray MEXICO CITY (Reuters) - Mexico's telecommunications watchdog unveiled a slew of regulations on Friday to claw back the massive telephone business of billionaire Carlos Slim, but said it would not order a break-up of his companies for now. Mexico is trying to open up its phone and TV industries to more competition following last year's passage of a major telecoms reform that targets the vast market shares enjoyed by Slim and the country's no. 1 broadcaster, Televisa. Slim's America Movil controls about 80 percent of Mexico's fixed-line business via its Telmex unit and some 70 percent of the mobile sector through its Telcel unit. As was expected, the Federal Telecommunications Institute (IFT) declared America Movil "dominant", and therefore needs to be subject to tougher regulation.
UK court ruling may prompt more scrutiny of Amazon tax plans
By Tom Bergin LONDON (Reuters) - Amazon's tax affairs could come under more scrutiny in Britain, tax experts said, after a judge questioned whether it really was organized in the tax efficient way it said it was. The ruling comes as big technology groups, including Amazon, face increasing scrutiny in Britain over their tax practices. A UK judge ruled earlier this month that Amazon had infringed the trademark of soap maker Lush by posting advertisements on Google mentioning "Lush soap" and by offering customers who searched for "Lush soap" on its own website a list of options. Since Lush products were not available on Amazon's UK website - on the manufacturer's insistence - the judge ruled customers could be confused.
Elite security posse fostered founders of WhatsApp, Napster
By Joseph Menn SAN FRANCISCO (Reuters) - A few days after selling WhatsApp to Facebook for $19 billion, Jan Koum stepped into a suite at the St. Regis Hotel in San Francisco to celebrate with old friends, including CEOs, reformed hackers and a few people who fell into both those camps. Conducted over snacks and beer, the late-night festivity was a spontaneous reunion of a security super-group that had come to Koum's aid in 2000 as he grappled with a denial-of-service attack that knocked Yahoo offline when Koum was responsible for security there. The two most famous exceptions are WhatsApp, the messaging service that Koum co-founded, and Napster, the pioneering file-sharing company that was shut down by the music industry in 2001. Napster Co-founder Shawn Fanning was one of several members still in high school.
Suspected Russian spyware Turla targets Europe, United States
By Peter Apps and Jim Finkle LONDON/BOSTON (Reuters) - A sophisticated piece of spyware has been quietly infecting hundreds of government computers across Europe and the United States in one of the most complex cyber espionage programs uncovered to date. Several security researchers and Western intelligence officers say they believe the malware, widely known as Turla, is the work of the Russian government and linked to the same software used to launch a massive breach on the U.S. military uncovered in 2008.