 | Good afternoon John |  |  | Brand owners will soon be able to operate their own parts of the Web -- such as .apple, .coke or .marlboro -- if the biggest shake-up yet in how Internet domains are awarded is approved.
Today, just 22 generic top-level domains exist -- .com, .org and .info are a few examples -- plus about 250 country-level domains like .uk or .cn.
The move is seen as a big opportunity for brands to gain more control over their online presence and send visitors more directly to parts of their sites -- and a danger for those who fail to take advantage.
Research In Motion's dismal results and failure to offer a clear strategy to arrest its decline pushed its shares down more than 20 percent, drawing parallels with other technology stars that have fallen from grace.
Earlier in the day Samsung Electronics and other Asian technology stocks also tumbled on fears the sputtering global economy will crimp demand for computers and TVs and hurt earnings at chip and panel makers for the rest of the year.
The tech sector serves as the bellwether for global consumer demand and its outlook has been soured by the debt crisis in Europe and sluggish U.S. job and housing markets.
Yesterday we told you about how the government is attempting to stay one step ahead of cyber attacks like the one that brought down the CIA's public website.
Now comes a story that a breed of cyber pranksters known as "hacktivists" appears to be on a campaign to embarrass the government, but such types of attack are unlikely to breach the computer firewalls that protect important official secrets, independent analysts say.
In other cyber warfare news, software widely used in China to help run weapons systems, utilities and chemical plants has bugs that hackers could exploit to damage public infrastructure, according to the Department of Homeland Security.
The government agency issued an advisory warning of vulnerabilities in software applications from a Beijing-based company that hackers could exploit to launch attacks on critical infrastructure.
Oracle is seeking damages "in the billions of dollars" from Google in a patent lawsuit over the smartphone market, according to a court filing.
Oracle sued Google last year, claiming the Web search company's Android mobile operating technology infringes Oracle's Java patents. Some see the lawsuit as a sign of a growing business rivalry between the two companies.
Alison Frankel breaks down the unique way in which the news broke. | | | LATEST NEWS | | Wall Street set to rise as Greece debt plan hinted | | June 17, 2011 08:42 AM ET | | NEW YORK (Reuters) - Stock index futures pointed to a rise of nearly 1 percent at the market open on Friday after French President Nicolas Sarkozy hinted at a deal to resolve the Greek debt crisis that has hampered equities and worried investors over a possible credit dry-up. | Full Article | | IMF cuts U.S. growth forecast, warns of crisis | | June 17, 2011 09:25 AM ET | | SAO PAULO (Reuters) - The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits. | Full Article | | SEC could file civil fraud charges against some raters | | June 17, 2011 09:11 AM ET | | BANGALORE (Reuters) - U.S. regulators could file civil fraud charges against some credit-rating agencies for their role in developing mortgage-bond deals that helped bring about the financial crisis, the Wall Street Journal reported, citing people familiar with the matter. | Full Article | | Greek reshuffle, Berlin-Paris deal ease euro fears | | June 17, 2011 08:48 AM ET | | ATHENS/BERLIN (Reuters) - Greek Prime Minister George Papandreou sacrificed his finance minister on Friday and put his main socialist party rival into the job in a bid to force through an unpopular austerity plan and avert bankruptcy. | Full Article | | | BUSINESS NEWS
| | Strauss-Kahn told police in New York he had immunity | | June 17, 2011 08:33 AM ET | | NEW YORK (Reuters) - Former IMF chief Dominique Strauss-Kahn told police he had diplomatic immunity shortly after he was detained at a New York airport on accusations he tried to rape a hotel maid, court papers showed Thursday. | Full Article | | China's Hu warns of fragile global recovery | | June 17, 2011 07:51 AM ET | | ST PETERSBURG, Russia (Reuters) - The world economic recovery remains "slow and fragile" with the outlook uncertain, but China will promote its own rapid and stable growth, Chinese President Hu Jintao said on Friday. | Full Article | | Heavy exchanges near key Libyan western town | | June 17, 2011 08:23 AM ET | | DAFNIYAH, Libya (Reuters) - Libyan rebels and pro-Gaddafi forces exchanged heavy artillery fire near the western city of Zlitan on Friday as the rebels tried to push deeper into government-held territory east of the capital. | Full Article | | Exclusive: Afghan cash crunch looms | | June 17, 2011 06:04 AM ET | | KABUL (Reuters) - The International Monetary Fund has rejected Afghanistan's plan to deal with a failed bank at the center of a corruption crisis, a step that has blocked tens of millions of dollars in aid and may put development projects worth billions more at risk. | 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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