Weekend: Chance of Precipitation: Fri: 30% / Sat: 30% / Sun: 10%.
Microsoft targeted in apparent Chinese antitrust probe
Microsoft Corp appears to be the latest U.S. company targeted by China for antitrust investigation as government officials paid sudden visits to the software firm's Chinese offices on Monday. Representatives from China's State Administration for Industry & Commerce, which is responsible for enforcing business laws, made the visits to Microsoft offices in Beijing, Shanghai, Guangzhou and Chengdu, according to local media reports that were confirmed by Microsoft. A Microsoft spokeswoman said the company was "happy to answer the government's questions," but declined to give any further information. A source close to the company said the visits were most likely the preliminary stage of an antitrust investigation.
With PlayStation network, Sony goes back to the future in search of revival
By Reiji Murai TOKYO (Reuters) - Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster - the PlayStation. Sony plans to reposition the video console warhorse as a hub for a network of streamed services, according to three senior officials, offering social media, movies and music as well as games. The plans to coax more revenue from the PlayStation's network of users are being developed by a new breed of managers brought in by Chief Executive Kazuo Hirai. Analysts say if Sony gets it right, the game and network business could earn about $1 billion in the fiscal year from April 2016 - making it the most profitable part of the company bar a financial services unit.
Cynk shares fall below $1; traders see further decline
By Rodrigo Campos NEW YORK (Reuters) - Cynk Technologies, which was briefly worth billions of dollars last month, saw its shares fall below $1 on Monday, and traders say it is only a matter of time before the stock is once again worth next-to-nothing. Most traders interviewed said the stock is likely to keep falling until it is once again worth no more than a few cents. In addition, short sellers who had borrowed the stock were also buying it to close out positions, also elevating the price a bit, traders said. A trader at Canaccord, who would not identify himself, said any volume was attributable to short covering -- traders who are buying because they had borrowed stock to sell it on the expectation of a price drop.Mon, 28 Jul 2014 17:24:08 -0400
OkCupid admits to Facebook-style experimenting on customers
By Sarah McBride SAN FRANCISCO (Reuters) - OkCupid, a top U.S. matchmaking website, intentionally mismatched users to test its technology, the IAC/InterActive Corp service said on Monday, weeks after Facebook Inc admitted to misleading users in a psychological study. "When we tell people they are a good match, they act as if they are," co-founder Christian Rudder wrote in a blog post. "Even when they should be wrong for each other." Conversely, couples told they were bad matches, even when OkCupid's algorithm showed the opposite, were less likely to exchange four messages. Exchanging four messages is an OkCupid measure for gauging romantic interest.Mon, 28 Jul 2014 18:47:32 -0400
Amazon offers 3D printing to customize earrings, bobble head toys
By Deepa Seetharaman SAN FRANCISCO (Reuters) - Amazon.com Inc will offer 3D printing services that allow customers to customize and build earrings, bobble head toys and other items from third-party sellers using a new personalization option on its website. Before it is printed by one of Amazon's sellers, users can customize a product like as a bobble head figure by changing its skin and eye color, hair style and outfit, Amazon said. "The customization is something we're keenly interested in," said Petra Schindler-Carter, director for Amazon marketplace sales, speaking in an interview. "We'll always look for new applications for that." Amazon, which has more than 240 million users, has expanded its marketplaces division to include new areas such as fine art and wine.