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Google buys contextual ads company for $140 million

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Google is in the process of buying the Russian contextual ad company ZAO Begun for $140 million from the UK-registered Rambler Media, according to TechCrunch. While the ad company is a Russian company, many firms have based themselves in the UK; with Rambler owning 50.1 percent of the company. Basically, Rambler will buy the other 49.9 percent from Bannatyne Limited and then sell the firm to Google. As well, Rambler [...]

Ruiz steps down as AMD’s CEO

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Hector Ruiz has stepped down from his position as Chief Executive Officer of AMD, the rival of Intel, in favour of President and COO Dirk Meyer after being elected by the board of directors. While he was instrumental in elevating AMD to become a rival to Intel’s stranglehold on the chip manufacturing market, he also admitted that he was the reason why the company was in financial distress after racking [...]

Digital Radio to be introduced and expanded next year

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Digital Radio will be rolled out across the nation starting next year, after long-running tests were held around the country that allowed listeners to rewind and pause live coverage and introduce new elements like images and song information. The ABC and SBS will open their signals at the same time, with a phase out date for the old FM radio stations is yet to be established as there are no [...]

MoD lost 87 classified USBs since ’03

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The Ministry of Defence in the UK has told parliament that it had lost or had stolen 87 USB drives holding "protectively marked", also known as classified, information since 2003. But, almost all had been marked as "Restricted" data – which is basically used for almost any documents that it writes up and is the lowest form of classification. However, one further USB drive, lost in 2006, held "Confidential" data [...]

Wii becomes top-selling console in the US

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Nintendo has said that its very popular Wii console has become the top-selling video game console, a crown that has been fought by Sony and Microsoft. NPD Group reports that 666,000 Wiis were sold in the US in June, making the sales count in the country to nearly 10.9 million; eclipsing the sales of the Xbox 360 in the US, which topped the 10 million mark just earlier this year. [...]

Optus to introduce ‘unlimited’ mobile pricing plans

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Optus has revealed today that they will be launching brand new unlimited mobile pricing plans, that will include unlimited calls (including video calls) and SMS/MMS, plus large data usage allowances. Dubbed the ‘yes’ Timeless plans, they will also be available for iPhone purchasers too – but without the MMS, Push to Talk or video calling since the iPhone has not supported it (which I think its crap for not supporting [...]

Council admits cutting Optus cable

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Gold Coast City Council has admitted that it was in charge of a project that cut the cables on Optus’ main fibre cable, leaving many Queenslanders without any landline, mobile or internet connections. It initially denied any wrongdoing, before they admitted that they failed to check the locations of the cable before it was severed during construction of a "pumps and pipes" project which is not yet officially part of [...]

Tax cheats turned themselves in after accounts given to US government

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Hundreds of tax cheats in America have turned themselves in to the IRS after a bank computer technician in Liechtenstein came forward with the names of the tax cheats who had set up accounts in the small European country, according to ABC News. The bank clerk, Heinrich Kieber, has now been branded a thief after he violated its bank secrecy laws. He is in hiding and will testify to a [...]

SF hacker still getting paid by government

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San Francisco has been forced to admit that they were still paying the salary of the same guy that locked them out of their own system after he refused to give the password that would allow them to regain access. It has also been forced to call help from Silicon Valley, including Cisco, to help get its data back after Terry Childs, the hacker, set a master password giving him [...]

Ex-Samsung boss fined $109 million for tax evasion, gets out of jail term

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The ex-chairman and the son of the founder of South Korean-based company Samsung, Lee Kun-hee has been found guilty of tax evasion by the Seoul Central District Court; however, he will not serve three years at prison after the court handed down a suspended sentence. He was charged for not paying about 47 billion won (or US$46 million) in taxes, and fined him 110 billion won (US$109 million). Prosecutors wanted [...]

Playstation 3 80GB to sell at 40GB pricing

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Sony has said that it will dump its 40GB version and will sell the 80GB at the original 40GB price, announcing it during its press conference at E3 in Los Angeles. From September, it will sell an 80GB in the US for $399, a price cut of around $150. The new 80GB will have all the features and functions from the original 40GB, but it also implies that it will [...]

Australia to get Freeview initiative, follows NZ and UK success

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All of Australia’s broadcasting corporations, including the public broadcasters and the regional affiliates, have announced a new initiative to follow the footsteps of similar plans in New Zealand and the UK, Freeview. The ‘Freeview’ initiative was started in the UK to help drive the take-up of free-to-air digital television in Australia, with the ABC’s Director of Television, Kim Dalton, will chair the organization in Australia. In New Zealand, almost of [...]

Intel faces new antitrust charges in EU

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Intel is expected to face new antitrust charges from regulators in Europe after focusing on the marketing and sales practices on the chip giant, according to the Wall Street Journal’s website and citing unidentified people that are claimed to be familiar with the matter. The new charges allege that Intel offered inducements to retailers in Europe in return of selling Intel and not from its rival Advanced Micro Devices, or [...]

Admin hijacks SF city network

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A network administrator in San Francisco has been arrested, according to the San Francisco Chronicle, after taking control of the city’s computer network and locking the administrators out of the system. Terry Childs, 43, is currently on jail on a $5 million bail after being arrested on Sunday. He is due to be arraigned on Tuesday. He is accused of tampering with the new fibre wide area network after being [...]

News in Brief: Twitter buys tweet search engine

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Twitter has made its first acquisition, buying the search engine Summize. Summize would also see five out of six employees being Twitter employees, the one who is not is its founder Jay Verdy, who has departed the company to work on a "new project". Silicon Alley Insider has put the value of the deal at around $15 million, with the transaction being mostly in stock. The search engine is used [...]