Facebook says SEC’s IPO probe ends, extending WhatsApp closing date

Fri Jul 25, 2014 3:55pm EDT (Reuters) – Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering. In its quarterly report filed on Thursday, Facebook said the regulator in May “notified us that it had terminated its inquiry and that no enforcement action had been recommended by the SEC.” Facebook shares began trading on May 18, 2012, but soon […]

Apple iPhones allow extraction of deep personal data, researcher finds

By Joseph Menn SAN FRANCISCO Fri Jul 25, 2014 9:00pm EDT (Reuters) – Personal data including text messages, contact lists and photos can be extracted from iPhones through previously unpublicized techniques by Apple Inc employees, the company acknowledged this week. The same techniques to circumvent backup encryption could be used by law enforcement or others with access to the “trusted” computers to which the devices have been connected, according to the security expert who prompted […]

Amazon’s heavy investing eats into bottom line, shares drop

By Deepa Seetharaman SAN FRANCISCO Thu Jul 24, 2014 10:46pm EDT (Reuters) – Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics. Amazon’s stock price has dropped 10 percent so far in 2014, with investors leery of betting on its long-term growth at the expense of little to no profit. On Thursday, the shares fell […]

U.S. judge says she is troubled by Apple $450 million e-books deal

By Nate Raymond NEW YORK Thu Jul 24, 2014 9:58pm EDT (Reuters) – A U.S. judge on Thursday expressed concern over a proposed $450 million settlement of claims Apple Inc conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money paid to consumers depending on appeals. U.S. District Judge Denise Cote in Manhattan said she found “most troubling” a clause requiring Apple to pay only $70 million if an appeals […]

Google under fire from regulators on EU privacy ruling

By Julia Fioretti BRUSSELS Thu Jul 24, 2014 6:08pm EDT (Reuters) – Google’s  handling of “right to be forgotten” requests from European citizens came under fire by regulators after the search engine company restricted the removal of Internet links to European sites only, a person familiar with the matter said. Regulators quizzed Google over its decision to remove search results only from its European search engines such as, which means that anyone can easily […]

Malaria is the leading killer in Central African Republic: aid group

By Mirjam Donath UNITED NATIONS Thu Jul 24, 2014 5:15pm EDT (Reuters) – As a recent ceasefire deal boosts prospects for peace in Central African Republic, a key medical aid group warned on Thursday that malaria was the leading killer in the impoverished landlocked country. Malaria, a life-threatening disease transmitted to people via mosquitoes, kills more than half million people a year, mainly infants in the poorest parts of sub-Saharan Africa. Medecins Sans Frontieres (Doctors […]

U.S. CDC says it ‘may never know’ how bird flu mishap occurred

By Julie Steenhuysen CHICAGO Mon Jul 21, 2014 5:11pm EDT (Reuters) – The U.S. Centers for Disease Control and Prevention “may never know” how a fairly harmless form of bird flu was cross-contaminated with a dangerous bird flu strain before it was sent to a laboratory outside of the CDC, an agency spokesman said on Monday. That’s because most of the materials used in the experiment to culture the virus were discarded shortly after they […]

Tips for the Centennial Celebration

Here are some friendly reminders for the upcoming centennial celebration: Everyone’s really excited,better use these official hashtags: #IglesiaNiCristo #PhilippineArena #IglesiaNiCristoCentennial #CiudadDeVictoria SEE YOU THERE!

Apple agrees to conditional $450 million e-books antitrust accord

By Nate Raymond and Alison Frankel Wed Jul 16, 2014 1:21pm EDT (Reuters) – Apple Inc has agreed to pay $450 million to resolve U.S. state and consumer claims the iPad manufacturer conspired with five major publishers to fix e-book prices, according to court records filed Wednesday. The settlement, which would provide $400 million for consumers, is conditioned on the outcome of a pending appeal of a New York federal judge’s ruling last year that […]

Microsoft expected to announce thousands of job cuts Thursday

SEATTLE Thu Jul 17, 2014 12:03am EDT (Reuters) – Microsoft Corp is set to cut more than 6,000 jobs in an announcement expected early Thursday, according to sources familiar with the matter, as it trims its newly acquired Nokia phone business and reshapes itself as a cloud-computing and mobile-friendly software company. What could be the deepest job cuts in the company’s 39-year history come five months into the tenure of Chief Executive Officer Satya Nadella, […]