BC-Business News Digest
WASHINGTON â¿¿ Online privacy rules are changing. The question now is how much you'll care. America's tech industry is finalizing voluntary disclosure standards on the sensitive information being sucked from your smartphone like your location, surfing habits and contacts. Senate Democrats are pushing for a clearer opt-out button for all online tracking. And Microsoft is offering a new browser that encourages people to block the technology that enables tracking. By Anne Flaherty.
AP photo.With: â¿¿ US-CHINA â¿¿ The top U.S. military officer says that he has called on China to be more transparent about cyberattacks and boost collaboration with the U.S. to tackle a common threat to their economies. AP photo. â¿¿ CHINA-FOREIGN BUSINESS-INTERNET â¿¿ An American business group has called on China to improve its Internet security, ease controls on Web use by businesses and open its online industries wider to foreign participation. â¿¿ EARNS-ZYNGA â¿¿ Zynga Inc.'s surprise profit for the first three months of the year was overshadowed by a revenue decline, a drop in the number of users and a lower-than-expected second-quarter forecast. â¿¿ T-MOBILE USA-METROPCSâ¿¿ MetroPCS Communications Inc., the country's fifth-largest cellphone carrier, says its shareholders have approved the company's takeover by No. 4 T-Mobile USA. â¿¿ JAPAN-EARNS-NINTENDO â¿¿ Nintendo Co. returned to profit for the fiscal year ended March 31 as a lift from the weak yen offset sales struggles caused by software delays for its latest home console Wii U. AP photos. â¿¿ SKOREA-EARNS-LG-ELECTRONICS â¿¿ LG Electronics Inc. says its first quarter earnings shrank to less than one tenth of the year-earlier quarter as its TV business languished, masking a recovery in mobile phone sales. â¿¿ SKOREA-EARNS-SK HYNIX â¿¿ South Korean chipmaker SK Hynix Inc. reports its third consecutive quarterly profit as prices for PC memory chips rose. â¿¿ SWEDEN-EARNS-ERICSSON â¿¿ Wireless equipment maker Ericsson says a 2 percent gain in sales in the first quarter was not enough to prevent an 86 percent slump in net profit as it booked costs connected with downsizing its Swedish operations. AP photos.
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