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Yahoo layoffs to begin next week, sources say

The areas that are expected to lose staff include Yahoo’s large products organization, marketing, and research, All Things D reported.

FTC calls on US lawmakers to protect online privacy

The Federal Trade Commission released a report Monday that urges US lawmakers to do more in protecting online privacy of consumers.

Fiber optic cables to join Japan and UK through Arctic

Receding ice in the Arctic has, for the first time, allowed the laying of fiber optic cables to cross over the top of the world to connect London to Tokyo.

Kim Dotcom gets $48,000 a month to live on while awaiting Megaupload charges

The sum is less than Dotcom had requested: the millionaire had reportedly applied for NZ $171,240 a month, including funds to pay for "a butler and nannies."

Bono's private equity firm on tour looking for $1 billion in capital

Elevation Partners, a private equity fund co-founded by Irish rockstar Bono, said that it will be seeking $1 billion for a secondary fund.

China reports rising number of cyber attacks by foreign hackers

According to China's cyber security monitor, the majority of attacks were conducted via IP addresses in Japan, the United States and South Korea.

Wal-Mart to launch digital DVD storage service

For $2 a pop, Wal-Mart photo center employees will add digital copies of DVDs or Blu-ray discs that customers own to a digital library they can access from their computers, smart phones and other Internet-connected devices, the Los Angeles Times reported.

China online video companies create an internet giant

China's leading online video company Youku is buying its smaller rival Tudou to create the largest video platform with more than one third of market share.

Digital Playground porn site hacked by The Consortium

Announcing the attack, The Consortium said it had posted a portion of the data online – including 82 official .gov and .mil email addresses allegedly listed in the customer database. 
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