Yahoo CEO remains upbeat despite lackluster quarter (AP)
AP - With Microsoft's $47.5 billion takeover bid off the table and his company's stock price down 20 percent during his 13-month reign as Yahoo's CEO, Jerry Yang has a message for his exasperated shareholders: Things aren't as bleak as they look.
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Electronics giants to create wireless HD standard (AP)
AP - Sony, Samsung and other consumer-electronics heavyweights are uniting to support a technology that could send high-definition video signals wirelessly from a single set-top box to screens around the home.
IAC to take $170M in charges for spinoffs (AP)
AP - Internet conglomerate IAC/InterActiveCorp, preparing to spin off four of its operating units, said late Tuesday it plans to take about $170 million in charges because the housing crisis has diminished the value of its mortgage and real estate businesses.
Court affirms online content law unconstitutional (AP)
AP - A federal appeals court Tuesday agreed with a lower court ruling that struck down as unconstitutional a 1998 law intended to protect children from sexual material and other objectionable content on the Internet.
SF mayor gets codes to hijacked city network (CNET)
CNET - The computer network hostage crisis in San Francisco is over, thanks to the city's mayor.
China arrests online dissident in pre-Olympics crackdown (Reuters)
Reuters - Chinese police have arrested a prominent Internet dissident for violating his probation terms, a rights group said, as the country steps up a pre-Olympic crackdown on dissent to ensure the Games go smoothly.
Art shock troops mock Russian establishment (Reuters)
Reuters - Carrying bags of stolen groceries, Oleg Vorotnikov takes out the batteries of his mobile phone before entering the secret headquarters of his underground art collective on the outskirts of Moscow.
AT&T profit rises on wireless growth (Reuters)
Reuters - Top phone company AT&T Inc posted on Wednesday a higher quarterly profit as stronger-than-expected growth in wireless subscribers compensated for shrinking traditional landlines.
Sun readies Web stack featuring choice of OSes (InfoWorld)
InfoWorld - Sun is announcing on Wednesday availability of Sun Web Stack, which puts the company???s own twist on the popular open-source LAMP (Linux Apache MySQL Perl/Python or PHP) stack.
McAfee: SMBs Underestimate Cybercrime Risks (PC World)
PC World - A survey by McAfee found that SMBs in North America wrongly conclude their revenue is too low to draw the attention of...
Sun Moves to Indirect Sales for Most US Customers (PC World)
PC World - Sun plans to stop selling directly to all but its very largest customers in the US, and will rely on its channel partners...
Nintendo, Fujifilm start Wii online photo service (Reuters)
Reuters - The Nintendo Wii just got a photogenic makeover.
Review: TextBuyIt fun, easy to use, but limited (AP)
AP - TextBuyIt, a recently launched shop-by-cell phone service from Amazon.com Inc., seemed like the ultimate comparison shopping tool — perfect for an unabashed bargain hunter like myself.
Yahoo shares rise despite lackluster 2Q earnings (AP)
AP - Yahoo Inc. shares moved higher Wednesday even after the company reported a drop in earnings and missed Wall Street's forecasts.
AT&T 2Q profit up 30 pct, matching Street's view (AP)
AP - AT&T Inc.'s second-quarter financial results Wednesday indicated that the weak economy is catching up to the nation's largest telecommunications company, but investors were largely satisfied with what they saw.
IAC to take $170 million charge for mortgage, real estate units (CNET)
CNET - The bad news for the lending crisis has rippled further on the Web.
Internet television service Joost enters China (AFP)
AFP - London-based Internet television service provider Joost said it launched a Chinese service Wednesday with local portal TOM Online to tap the world's largest online market.
Microsoft Opens Xbox 360 To Outside Game Creators (NewsFactor)
NewsFactor - Microsoft is opening the Xbox 360 to third-party software creators in a bold attempt to dramatically expand the number of games available on its platform. The goal is to give gaming aficionados far more choices than rivals Sony and Nintendo are offering.
Vodafone announces 1.0-billion-pound shares buy-back (AFP)
AFP - British mobile phone giant Vodafone said Wednesday it would repurchase shares worth 1.0 billion pounds (1.3 billion euros, 2.0 billion dollars) and stressed that it was undervalued.
Ubuntu founder urges Linux desktop to rival Apple (InfoWorld)
InfoWorld - Ubuntu Linux Founder Mark Shuttleworth urged development of a Linux desktop to rival what Apple has done in this space and aired a vision of software changing the world.
DNS Security Flaw Leaked Before Patches Applied (NewsFactor)
NewsFactor - A major flaw in the Internet infrastructure was leaked to the public Monday before many IT directors had the chance to apply security patches. The flaw was discovered weeks ago by Dan Kaminsky, a security expert at IOActive, who has worked with industry leading software developers investigating Internet vulnerabilities.
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