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New Xbox more than a game console for Microsoft

Sat, 18 May 2013 20:47:07 +0530

By Malathi Nayak and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) - Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry. But the small device faces some big competition from the PlayStation 4 by Sony Corp and the Wii U by Nintendo Co Ltd in a shifting market. ...

U.S. authorities seize accounts of major Bitcoin operator

Fri, 17 May 2013 22:04:08 +0530

By Brett Wolf ST. LOUIS, May 17 (Thomson Reuters Accelus) - U.S. authorities have seized two accounts linked to a major operator in the booming Bitcoin digital currency market, Tokyo-based exchange Mt. Gox. The move may prevent the firm from facilitating the purchase and sale of Bitcoins in U.S. dollars at a time when use of the currency and its value has mushroomed. Bitcoin, which unlike conventional money is bought and sold on a peer-to-peer network independent of any central authority, has grown popular among users who lack faith in the established banking system. ...

After Google, Amazon to be grilled on UK tax presence

Fri, 17 May 2013 18:47:37 +0530

By Tom Bergin LONDON (Reuters) - Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters. Amazon will follow search giant Google, which attended another grilling by parliament's Public Affairs Committee (PAC) over its tax affairs on Thursday. A Reuters report earlier this month raised questions over Google's earlier assertions that its UK-based staff don't sell to customers. ...

Rivals get longer to comment on Google EU antitrust offer: source

Fri, 17 May 2013 18:25:37 +0530

By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators have given some of Google's rivals more time to study its proposals to settle anti-competitive complaints, which could provide more leverage to pry further concessions from the Internet search giant. The European Commission last month told interested parties they had until May 26 to say if they are satisfied with the offer by the world's most popular search engine to mark out its services from rival products in Internet search results. ...

China cracks down on over-the-top anti-Japan dramas

Fri, 17 May 2013 07:55:22 +0530

BEIJING (Reuters) - China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. Ties have been shadowed for years by what Beijing says has been Tokyo's refusal to admit to wartime atrocities committed by Japanese soldiers in the country between 1937 and 1945, something taught to every Chinese school child and a staple of television dramas. ...

Ex-Groupon CEO Mason moving to San Francisco to start new company

Fri, 17 May 2013 05:43:02 +0530

By Alistair Barr SAN FRANCISCO (Reuters) - Former Groupon Inc. Chief Executive Andrew Mason is moving to San Francisco to start a company after recently recording an album of "motivational business music," according to an update on his blog on Thursday. "If there's a silver lining to leaving Groupon, it's the opportunity to start something new," Mason wrote. "I've accumulated a backlog of ideas over the last several years, my favorite of which I'll be turning into a new company this fall." "As part of this, my wife and I are moving to San Francisco later this summer," he said in the blog. ...

LulzSec hackers who "wreaked havoc" at Sony jailed in UK

Thu, 16 May 2013 23:20:42 +0530

By Li-mei Hoang LONDON (Reuters) - A group of British hackers who "ran riot" causing millions of dollars of damage to computer networks run by Sony, the CIA and other agencies were sentenced to jail terms on Thursday. Police said four men, members of the hacking collective known as "LulzSec", put thousands of internet users' personal data at risk through their high-profile cyber attacks in 2011. ...

UK politician sues for defamation in high-profile Twitter case

Thu, 16 May 2013 18:43:04 +0530

By Estelle Shirbon LONDON (Reuters) - A retired British politician sued the wife of the House of Commons Speaker for defamation on Thursday, accusing her of implying in a tweet that he was a pedophile guilty of sexually abusing boys living in a care home. Alistair McAlpine, an associate of the late former Prime Minister Margaret Thatcher, is seeking damages from Sally Bercow in Britain's most high-profile Twitter defamation case to date. ...

YouTube adds first paid channel for horror films

Thu, 16 May 2013 07:00:01 +0530

By Lucas Shaw NEW YORK (TheWrap.com) - YouTube has a new paid channel for horror junkies, adding Screampix as the first subscription channel dedicated to frightful fare. It launched on Wednesday in the US and Canada for $2.99 a month, and will rollout to the U.K., France and Brazil later this year. The channel features more than 200 hours of horror footage, including full-length features, trailers and interviews. Movies are grouped into categories such as "Women on a Rampage" and "Zombiepalooza. ...

Orlando Jones on why Machinima's geek culture works for 'Tainted Love'

Thu, 16 May 2013 06:44:46 +0530

By Brent Lang LOS ANGELES (TheWrap.com) - Orlando Jones is a self-described comic book nerd, so when it came to finding the perfect venue for "Tainted Love," his gritty and profane love letter to graphic novels, the actor and comedian said Machinima immediately sprung to mind. The popular YouTube channel is a gathering spot for fans of geek culture and it's a destination for Jones when he wants to get his inner fanboy on. "Tainted Love" debuted two weeks ago on Machinima Prime and the third episode airs Thursday. ...