| Good afternoon John | | | Apple will pay between $100 million and $150 million to the four major music labels in order to get its music streaming service iCloud started, according to the New York Post. Besides increasing the consumer appeal of future Apple gadgets because they'll need less computer memory, the company's iCloud service will make it more likely that subscribers will stick with Apple products, Robert Cyran writes. If users store data and programs remotely, devices blend together, Cyran argues. The U.S. asked Beijing to investigate Google's latest allegation of a major hacking attack that the Internet giant says originated in China, the State Department said. State Department spokesman Mark Toner declined to provide details on what was conveyed to the Chinese, or whether the U.S. government believes Beijing may have had a hand in the alleged hacking attack. China must make mastering cyber-warfare a military priority as the Internet becomes the crucial battleground for opinion and intelligence, two military officers said. The essay by strategists from the People's Liberation Army's Academy of Military Sciences did not mention Google's statement on the hack attacks alleged to have originated in China. Google acquired PostRank, a service that measures the spread of social networking activities like tweets, diggs and Facebook updates, online. Terms of the deal were not disclosed. RIM has given up more ground to Apple and Google in the U.S. smartphone market, a report showed. RIM's shares dropped after a research firm said the company's slice of the U.S. market for high-end mobile phones narrowed in the three months to April. While Google's Android platform jumped to a 36.4 percent share and Apple's iPhone moved up to 26 percent, RIM fell to 25.7 percent from 30.4 percent in the previous quarter, according to the comScore report. The latest figures dropped RIM from second to third place. A waterfront area in Brooklyn became the first city neighborhood to feature free wireless service on streets and in parks and plazas. DUMBO, short for Down Under the Manhattan Bridge Overpass, already has a reputation for innovative projects. Several formerly abandoned and neglected structures there have been transformed into eco-friendly offices and apartment buildings. | | LATEST NEWS | Analysis: Can naming, shaming curb cyber attacks from China? | June 03, 2011 03:45 PM ET | WASHINGTON (Reuters) - Targets of pervasive Chinese cyber attacks hope the latest breach of Google email will spark a robust U.S. response but Washington may find it hard to pin precise blame on China and cannot go too far against a key economic and diplomatic partner. | Full Article | Videogame heavyweights seek fresh start at E3 powwow | June 03, 2011 12:06 PM ET | NEW YORK (Reuters) - Comeback stories will be the unofficial plotline of next week's Electronic Entertainment Expo, the annual event where the videogame industry shows off a dizzying display of new games, consoles and assorted gadgets. | Full Article | | | BUSINESS NEWS
| Cooling employment casts shadow on recovery | June 03, 2011 04:21 PM ET | WASHINGTON (Reuters) - The economy may be in for a long period of soft growth after employers hired the fewest number of workers in eight months in May and the unemployment rate rose to 9.1 percent. | Full Article | Greece likely to get aid tranche | June 03, 2011 02:28 PM ET | ATHENS/LUXEMBOURG (Reuters) - Greece is likely to get a vital slice of aid in July to avoid default, international lenders said on Friday, while the European Union raised the prospect of expanding the bailout of the euro zone state. | Full Article | Bill Ford says CEO successor likely from within | June 03, 2011 04:49 PM ET | MACKINAC ISLAND, Michigan (Reuters) - Ford Motor Co Executive Chairman Bill Ford said on Friday it is likely that the company will look inside its own ranks for the successor to Chief Executive Alan Mulally, whenever Mulally decides to leave. | 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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