 | Good afternoon John |  |  | EBay and its online payment unit, PayPal, sued Google and two executives for stealing trade secrets related to mobile payment systems, highlighting the growing battle between companies vying for a major stake in what has been described as a $1 trillion opportunity. The two executives, Osama Bedier and Stephanie Tilenius, were formerly with PayPal and led the launch on Thursday of Google's own mobile payment system in partnership with MasterCard, Citigroup and Sprint.
The personal information of more than 283,000 customers at Honda Canada was breached, the company confirmed on Friday. The company said the stolen data included names, addresses, vehicle identification numbers and in some cases financing account numbers, but was not the type that would typically be used for identity theft or fraud.
Sony said it will start restoring its PlayStation videogame network in Japan and elsewhere in Asia on Saturday, more than a month after a massive security breach leaked personal details on tens of millions of accounts. Sony also said it plans to testify before U.S. lawmakers at a hearing on data security in Washington on June 2 to address the breech.
With its Next operating system closer than most expect, Microsoft could corner meaningful tablet market share in 2013 and beyond, Citigroup said. Microsoft could bring out a tablet-optimized version of Windows Next OS before it releases a PC version, the brokerage said in a note to clients.
Microsoft signed a patent agreement with HTC that gives the software giant $5 per HTC phone running Android, according to Citi analyst Walter Pritchard, writes Business Insider's Jay Yarrow. Pritchard also said that Microsoft is suing other Android phone makers, looking for $7.50 to $12.50 per device, Yarrow adds. | | | LATEST NEWS | | California may review AT&T/T-Mobile USA deal | | May 27, 2011 12:38 PM ET | | NEW YORK (Reuters) - California regulators may open a formal examination of AT&T Inc's proposed $39 billion purchase of T-Mobile USA, a move that could delay or add conditions to approval of the deal. | Full Article | | U.S. lawsuit claims RIM misled investors | | May 27, 2011 10:58 AM ET | | TORONTO (Reuters) - Lawyers for shareholders of Research In Motion have filed a class action lawsuit against the BlackBerry maker, claiming its executives misled investors about its prospects in recent months. | Full Article | | | BUSINESS NEWS
| | Gasoline prices erode spending, incomes | | May 27, 2011 04:20 PM ET | | WASHINGTON (Reuters) - The economy remained sluggish early in the second quarter as high gasoline prices crimped consumer spending and bad weather helped push pending home sales to a seven-month low in April. | Full Article | | Pentagon F-35 review postponed until mid-June | | May 27, 2011 03:54 PM ET | | WASHINGTON (Reuters) - A high-level Pentagon review of the Lockheed Martin Corp F-35 fighter program has been postponed from this week until June 14, three sources familiar with the scheduled meeting said on Friday. | Full Article | | Morgan Stanley loses bid to toss MBIA lawsuit | | May 27, 2011 11:13 AM ET | | CHICAGO (Reuters) - A New York judge rejected Morgan Stanley's bid to throw out a lawsuit accusing the bank of fraudulently inducing bond insurer MBIA Inc to insure $223.2 million of risky mortgage debt. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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