LG slashes 2011 handset sales targets
LG Electronics has cut its mobile phone sales targets to 24 million in 2011 - from the previous goal of 30 million - and warned it can't predict when the streak of losses at its phone unit will be reversed.
iAd said to cut prices to stay competitive
Sources say Apple has reduced the cost of advertising through its iAd service, halving the minimum spend and offering cut-price packages, in a bid to lure back advertisers turned off by the costs and catch up to rivals such as AdMob.
UK paper shuttered amid hacking scandal
News International has pulled the plug on British tabloid newspaper News of The World, following fresh allegations of mobile phone hacking by journalists – including into the voicemail of a murdered schoolgirl. This Sunday's edition will be the last.
iPass plans Wi-Fi roaming exchange
Enterprise Wi-Fi company iPass plans to create an Open Mobile Exchange to enable zero-click Wi-Fi roaming across participating carriers.
US ISPs agree to six strikes piracy plan
Major US ISPs - including AT&T, Cablevision, Comcast and Verizon – have agreed to implement a uniform six-stage graduated response to piracy by users, including “mitigation measures” for repeat offenders that can be as severe as a block on web access.
eBay will pay around $240 million in cash to buy mobile payment company Zong, and will use the acquired assets to add carrier billing capabilities to PayPal.
Apple hits 15b App Store downloads
The number of downloads through Apple's App Store has passed 15 billion, around a month after Apple reported that 14 billion had been downloaded.
SKA telescope would generate more data than net
The proposed $2.1 billion Square Kilometre Array radio telescope would generate more data per day than the entire internet. The telescope, due to be switched on in 2020, will be housed in either Australia, New Zealand or South Africa.
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