National NewsDefunct bitcoin exchange Mt. Gox files for liquidation: WSJ
(Reuters) - Defunct bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be liquidated, the Wall Street Journal reported, citing people familiar with the situation. Mt. Gox's lawyers declined to comment on the matter. Mt. Gox CEO Mark Karpeles won't travel to the United States to answer questions about the bitcoin exchange's U.S. bankruptcy case, Mt. Gox lawyers told a federal judge this week.
Samsung executive says Galaxy S5 to outsell S4, sees second quarter rollout for Tizen phone
By Miyoung Kim and Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd's new Galaxy S5 smartphone should outsell its predecessor and defy predictions that the South Korean titan's latest model will struggle in a tough market for high-end handsets, a top executive said. The world's biggest smartphone maker has slashed prices of the S5, which rolled out globally on Friday, offered a gift pack worth $600, and more than doubled the number of initial launching countries to 125 in a bid to sustain growth in the mobile business, which generates 70 percent of its total profit. A smooth launch is crucial for Samsung, which reported its second straight quarter of profit decline earlier this month as margins in the key smartphone business come under growing pressure from cheaper Chinese rivals. "(The S5) is selling faster than the S4 so far, though it's difficult to share specific numbers as we're still at early stages," Yoon Han-kil, senior vice president of Samsung's product strategy team, told Reuters in an interview.
Alibaba's growth accelerates, U.S. IPO filing expected next week
By Edwin Chan SAN FRANCISCO (Reuters) - Alibaba Group Holding Ltd's revenue growth accelerated in the last quarter of 2013, a timely lift for the Chinese Internet company as it prepares to file a prospectus next week for its highly anticipated initial public offering. Alibaba is expected to file prospectus for the share sale as early as Monday, sources said, as it prepares for the largest U.S. IPO since Facebook Inc's 2012 coming-out party. Alibaba had no comment on the prospectus filing, a spokeswoman said. The numbers - the latest available for Alibaba - were released on Tuesday alongside first-quarter 2014 earnings for 24 percent shareholder Yahoo Inc. The listing is the most highly anticipated of what's expected to be a record year for U.S. tech debuts, spurred on by social media company Twitter Inc's successful 2013 IPO.
Apple cannot escape U.S. states' e-book antitrust cases: judge
By Nate Raymond NEW YORK (Reuters) - Apple Inc on Tuesday lost an attempt to dismiss lawsuits by state attorneys general accusing it of conspiring with five major publishers to fix e-book prices. U.S. District Judge Denise Cote's ruling paves the way for attorneys general in 33 states and territories to move forward, along with attorneys for consumers, in pursuing hundreds of millions of dollars in damages at a July 14 trial. Following a non-jury trial, Cote in July found that Apple from 2009 to 2010 conspired with the publishers to raise e-book prices and impede competitors such as Amazon.com Inc. The states had pursued the liability finding alongside the U.S. Justice Department without any objection by Apple and obtained a subsequent injunction against the iPad maker in September that called for the appointment of a compliance monitor. But as the case moved into a damages phase, Apple argued that the states lacked standing to maintain an action for damages, arguing they had not alleged they had suffered any injury.
Yahoo's growth anemic as turnaround chugs along
By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc again posted anemic quarterly revenue growth as the Internet company's advertising business continues to lag its rivals, nearly two years into Chief Executive Officer Marissa Mayer's comeback effort. Yahoo reports the Chinese company's financial results one quarter later than its own.
Reddit boosts news capabilities in social media turf grab
By Jennifer Saba NEW YORK (Reuters) - Reddit, a website with a retro-'90s look and space-alien mascot that tracks everything from online news to celebrity Q&As, is going after more eyeballs, and advertising, by allowing members of its passionate community to post their own news more quickly and easily. Reddit, majority owned by Conde Nast parent Advanced Publications, last month rolled out a new feature that lets users of the nine-year-old site post live updates, allowing them to report in real time. The live updates allow selected users, dubbed "reporters" by Reddit, to instantly stream unlimited posts during the course of an event such as the conflict in the Ukraine, an earthquake in Los Angeles, or a game played in real time, without having to refresh the page. "Reddit members are doing amazing things with very minimal tools and were hitting some barriers," said Erik Martin, general manager.
Lenovo's banking on motion control and Flex-able laptops with latest releases
Motion control hasn't outmoded the mouse and keyboard yet, but it is finding its way into more and more consumer products. Take Lenovo's upcoming A540 all-in-one desktop, for instance: its one of a handful of the company's products ...
LaCie discloses details about year-long security breach
Computer hardware company LaCie is warning customers who have made transactions between March 27th, 2013 and March 10th, 2014 that their personal data may have been compromised. According to a statement released by the company, customer names, addresses, email addresses, payment card numbers, card expiration numbers and passwords could be at risk. LaCie's disclosure of the year-long security breach came a month after Krebs on Security published evidence of the attack. Brian Krebs wrote extensively about "a botnet of hacked e-commerce sites" created using Adobe ColdFusion vulnerabilities.
4/22 blaze it: Snoop Dogg voices 'Call of Duty: Ghosts' starting Tuesday
The headline feature of last year's Call of Duty: Ghosts was the addition of a playable German Shepherd, but the latest downloadable content takes the dog theme one step further — it replaces the typical gruff announcer with none other than gangsta rap legend Snoop Dogg. "What interested me most about the project is that my voice could be connected with a game that's so hip, that's so hood." says Snoop, in an announcement video posted to the official Call of Duty YouTube channel. The $2.99 Snoop Dogg voiceover pack will be available for Xbox One and Xbox 360 on April 22nd, with other platforms to follow.
How Google's internet-balloon idea got off the ground
On paper, the notion of balloon-provided internet sounds more than a little ridiculous, but that's just how Google X rolls. Mountain View's far-off research division has recently spilled (some of) its guts to Fast Company, detailing the process for bringing something like Project Loon from concept to reality. To start, every X project must address a problem that affects possibly billions of people and it has to use a radical solution that resembles sci-fi to do so.
Samsung's Android Wear watch and Google-less phone coming this year
Samsung's product roadmap for 2014 looks an awful lot like the 2013 version. In an interview with Reuters, the Korean company's senior VP for product strategy, Hankil Yoon, says that Samsung will introduce a new Android smartwatch as well as a "high-end" Tizen smartphone this year. What's different, however, is that the watch will run Android Wear — Google's customized software designed specifically for wearables — and that the phone might actually ship this time around. Samsung's first attempt at putting together an advanced smartwatch based on Android, the Galaxy Gear, met with a very rough reception at the tail end of last year, and the company quickly switched to its own Tizen software for the Gear 2 and Gear 2 Neo.
Behind the scenes of cult hit 'Adventure Time'
The award-winning Adventure Time is one of those rare cartoon series that succeeds at being universally appealing. Much of Adventure Time's popularity can be attributed to its creative team's efforts. Over at The Awl, Maria Bustillos provides an in-depth exploration of Adventure Time's history, influences, inspirations and other minutiae that help make it such a smash hit. Mixed in are discussions about some of the show's more memorable plots and how Adventure Time is, in some ways, comparable to Giovanni Bellini’s masterpiece St. Francis in the Desert.
Once-Leading Bitcoin Exchange Mt. Gox Calls It Quits
Mt. Gox, once the leading Bitcoin exchange, has given up its plans to rebuild following a devastating data breach in February. On February 28, Mt. Gox filed for bankruptcy just days after going offline due to security concerns. The resulting public relations nightmare caused bitcoin prices to dip and ruined Mt. Gox’s credibility as a secure place to store cryptocurrency.
Halo, Destiny composer Martin O'Donnell fired by Bungie
After composing some of the most memorable songs in gaming for Bungie games including most of the Halo series, Myth and Oni, Martin O'Donnell tweeted tonight that he has been terminated "without cause" by Bungie's board of directors. ...
China e-commerce giant Alibaba seen filing for U.S. IPO next week: sources
HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd. is expected to file the prospectus for its U.S. initial public offering next week, sources said on Wednesday, moving closer to what could be the biggest-ever listing by a technology firm. Alibaba's documents could be filed as soon as Monday, added the sources, who couldn't be named because the plans aren't yet public. The IPO could be worth more than $16 billion, surpassing the previous record for a technology share sale set by Facebook Inc in 2012, Reuters previously reported. ...
NASA catches a glimpse of Saturn birthing a new moon
For the first and perhaps the last time ever, NASA's Cassini spacecraft, whose mission is to orbit Saturn, has captured a new moon emerge from the Jovian planet's rings. As you might know, the birth of a moon is an extremely rare event, and in Saturn's case, it might never happen again. You see, there's a theory that the sixth planet from the sun used to have a much larger ring system, which led to formation of numerous natural satellites.
Mt. Gox abandons rebuilding plans and files for liquidation: WSJ
Mt. Gox, the embattled bitcoin exchange that filed for bankruptcy protection last month after losing almost half a billion dollars' worth of customers' virtual funds, is now reportedly asking a Tokyo court for permission to liquidate. According to The Wall Street Journal, the once leading exchange has abandoned its attempt to rebuild the business under bankruptcy protection due to the complexity and unrealistic nature of the plans. One source says that Mt. Gox is still attempting to find a buyer, which may entitle creditors to a portion of future earnings.
House of Cards S2 Blu-ray goes on sale June 19th for those who prefer a hard copy
House of Cards may be most famous for leading the charge of Netflix's original streaming content, but the show's producer Media Rights Capital is ready for all avenues. Just like the first season, season two will get a release on physical discs this summer from Sony Pictures. Frank Underwood's Washington D.C. escapades are ready for viewing in 1080p, and although that's not 4K, at least your ISP's connection to Netflix can't get in the way.
Microsoft details every new feature coming in new Xbox One update
Microsoft has shown that it is dedicated to improving the Xbox One user experience, having already issued multiple big software updates for the new console that was released just five months ago. Beginning late Monday night, the company began rolling out its Xbox One April update, which includes a number of fixes and new features that were detailed by Microsoft on one of its blogs. Xbox programming director Larry Hryb, better known by his Xbox Live user name “Major Nelson,” ran through all of the new features on his blog Monday night: Game and app saves and updates. A game save progress bar will show you the status of your game saves. You will also be able to easily tell what games
Watch this: Android design head Matias Duarte explains why mobile is dead
Matias Duarte helped design the T-Mobile Sidekick, the Helio Ocean, and Palm's webOS. Now, he directs the look and feel of Google's Android operating system. There, Verge editor-in-chief Joshua Topolsky interviewed him about his thoughts on design and where Android is headed.
GM reportedly working on a lower-cost Chevy Volt
When it comes to electric vehicles, the Chevrolet Volt is as mainstream a brand as it gets. But despite GM's efforts to make the Volt a top choice among EV buyers, demand for it hasn't been what the company expected since it began production in 2010. To turn this situation around, General Motors is said to be planning the release of a more affordable model of its Chevrolet Volt.
Final 'X-Men: Days of Future Past' trailer sets the stage for war
With its release less than two months away, the promotion has really been ramping up for X-Men: Days of Future Past, and today the film's final trailer has arrived. Directed by Bryan Singer, the film stars both the classic film cast — including Patrick Stewart as Professor Charles Xavier and Ian McKellen as Magneto — with their younger counterparts from the prequel X-Men: First Class. ...
This is how Samsung thinks about design
Samsung said it would launch a website that showed off its design chops, and it's delivering as promised. The newly launched Make it Meaningful page dives into the inspirations behind the Korean company's products, complete with an abundance of giant artwork, marketing speak and promo videos. It's not just breathless prose about "timeless" TVs (the S9) and "sharply refined details" (the Galaxy S 4), though.
Microsoft brings back Clippy… but don’t worry, it’s not what you think
Unlike some tech companies out there, Microsoft has the ability to laugh at itself. WPCentral has found that asking Microsoft’s new voice-enabled personal assistant Cortana about the company’s last “personal assistant” for Microsoft Office will get Clippy to pop up on your smartphone display and thank you for asking about him. Of course, Clippy was one of the single most annoying features of any Microsoft product ever, as it would always pop up even when you didn’t want it to and offer you irrelevant advice that didn’t give you the help you were looking for. This is why, when you ask Cortana what she thinks about Clippy, she’ll tell you that “he taught me how important it is to listen.” In
Why the IRS wants to be your Facebook friend
If the fear of an audit wasn't enough to scare you into being honest on your taxes, try this on for size: the IRS might be checking out your Facebook page. The good ol' Internal Revenue Service is ...
China's Baidu launches mobile payment app
SHANGHAI (Reuters) - Baidu Inc, China's leading internet search provider, has launched a mobile payment and wealth management platform after its main domestic rivals launched similar products. Alibaba Group Holding Ltd, through its mobile payment arm, Alipay, launched Alipay Wallet in January 2013, which included a money-market investment product, Yu'e Bao, marketed as a high-yielding substitute for traditional bank deposits. Tencent followed in August with WeChat Payment, a payment and investment platform linked to its popular WeChat mobile messaging app. ...
Daily Roundup: Amazon's first phone, Project Ara developer conference and more!
You might say the day is never really done in consumer technology news. Your workday, however, hopefully draws to a close at some point. This is the Daily Roundup on Engadget, a quick peek back at the top headlines for the past 24 hours -- all handpicked by the editors here at the site. Click on through the break, and enjoy.
New hurricane forecast maps to show flood risk from storm surge
By Barbara Liston ORLANDO, Florida (Reuters) - When the Atlantic hurricane season opens June 1, national forecasters will roll out a new feature: color-coded and broadcast-ready maps to graphically show the potential for flooding from storm surges. "We are not a storm surge savvy nation. Yet storm surge is responsible for over half the deaths in hurricanes. So you can see why we're motivated to try something new," said Jamie Rhome, storm surge specialist for the National Hurricane Center in Miami.
Latest Game of Thrones episode sets a new torrent record
Game of Thrones, the most pirated show of 2013, started its fourth season two weeks ago and it’s already breaking records just two episodes in. TorrentFreak reports that “The Lion and the Rose,” the second of episode of the show’s fourth season, garnered the largest torrent swarm ever recorded on Sunday night. Nearly 200,000 users were downloading the same exact torrent all at once, breaking the previous record of the season three finale, which raked in around 170,000 concurrent downloads. Adding up all the active torrents, TorrentFreak predicts that the latest episode of Game of Thrones was downloaded illegally 1.5 million times during the first day that the file appeared online. Even if that number is marginally inaccurate, at this rate the
Sony has a 4K TV for every budget (that's at least $2,099)
Sony has nailed down the final launch details for its newest 4K Bravia TVs, and surprise -- they just might be affordable this year. The "entry-level" XBR-X850B series will start at a relatively frugal $2,099 for a 49-inch model, with prices peaking at $5,499 for a 70-inch set. If you've got a bit more cash and want upgrades to both audio and wall mounting, the XBR-X900B line starts at $3,999 for a 55-inch set and scales up to $8,999 for a 79-inch variant.
Wireless industry makes anti-theft commitment
SAN FRANCISCO (AP) — A trade group for wireless providers said Tuesday that that nation's biggest mobile device manufacturers and carriers will soon put anti-theft tools on the gadgets to try to deter rampant smartphone theft.
Here's the software that helps Edward Snowden avoid the NSA
Edward Snowden hasn't escaped the NSA's watchful eyes purely by exploiting lax security -- he also uses the right software. He communicates with the media using Tails, a customized version of Linux that makes it easy to use Tor's anonymity network and other tools that keep data private. The software loads from external drives and doesn't store anything locally, so it's relatively trivial for Snowden and his contacts to discuss leaks without leaving a trace.
NYPD shutters controversial unit that spied on Muslims
The New York Police Department has disbanded a division that conducted extensive covert surveillance on the city's Muslim communities. The Demographics Unit infiltrated mosques, restaurants, and other locations with plainclothes officers and informants, but the NYPD was forced to conclude in 2012 that the program never generated any serious leads or investigations into terrorism. A report last year explored the fear and mistrust that the unit spread among Muslims in New York, with many saying they felt forced to downplay their faith as a result. Future intel to come from "direct contact" between police and community
Why you should expect your favorite websites to crash over the next few weeks
If you find yourself unable to access your favorite websites over the next few weeks, don’t worry: The Internet isn’t broken, it’s just undergoing very needed repairs. The Washington Post has talked with some security experts who expect that patching the Heartbleed bug is going to cause major disruptions on the Internet for a while as major web companies scramble to guard their websites against a bug that caught the tech world flat-footed last week. “Imagine if we found out all at once that all the doors everybody uses are all vulnerable — they can all get broken into,” Jason Healey, a cybersecurity scholar at the Washington-based Atlantic Council, told the Post. “The kinds of bad things it enables is
Apple, Samsung and others to adopt anti-theft smartphone kill switch
Apple and Samsung are duking it out in court yet again, but there's at least one thing they (and a host of their smartphone making rivals) agree on: users shouldn't be helpless when their phones are stolen. That's ...
Intel reports lower 1Q net income, higher revenue
NEW YORK (AP) — Intel's earnings fell in the first three months of the year amid a continued slump in the worldwide PC market, but revenue grew slightly because of solid demand for tablet processors and its data center services.
Join the Engadget HD Podcast live on Ustream at 8:30PM ET
It's Tuesday, which is time for the Engadget HD Podcast and we hope you'll join us for the live recording at 8:30PM. No big news to kick off the show this week, but a good quarter for primetime rating will have to do. There is a new wireless box from DirecTV to discuss and of course Netflix, Aereo, Chromecast news -- like just about every week.
Twitter's latest acquisition turns tweets into a commodity
Twitter announced today that it has bought Gnip, a social data company that has packaged and sold data from Twitter to other companies for the past four years. Gnip is one of a few firms that has access to Twitter's "fire hose" of data -- a history of tweets that date back to the company's beginnings in 2006 -- and is one of Twitter's longest-lasting data partners.
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