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Google launching Internet-beaming balloons to bring the Web to remote corners of the earth

CHRISTCHURCH, New Zealand - Google is launching Internet-beaming antennas into the stratosphere aboard giant, jellyfish-shaped balloons with the lofty goal of getting the entire planet online. Eighteen months in the works, the top-secret project was announced Saturday in New Zealand, where up to 50 volunteer households are already beginning to receive the Internet briefly on their home computers via translucent helium balloons that sail by on the wind 12 miles above Earth.

Google unveils Internet beaming balloons launched into stratosphere

CHRISTCHURCH, New Zealand - Wrinkled and skinny at first, the translucent, jellyfish-shaped balloons that Google released this week from a frozen field in the heart of New Zealand's South Island hardened into shiny pumpkins as they rose into the blue winter skies above Lake Tekapo, passing the first big test of a lofty goal to get the entire planet online.

Nasdaq paying $10M to settle charges over disruption of Facebook IPO; biggest for an exchange

WASHINGTON - Nasdaq has agreed to pay a $10 million penalty to settle federal civil charges after regulators said its systems and decisions disrupted Facebook's public stock offering last year. The Securities and Exchange Commission said Wednesday that the penalty is the largest ever imposed against an exchange. Nasdaq also has had to pay $62 million in reimbursements to investment firms that lost money because of the problems.

Most parents monitor kids on Facebook

Some two-thirds of American parents monitor their children's Facebook activities, but a large percentage say they trust their youngsters to manage on their own, a study showed Thursday. The survey by the Annenberg Center for the Digital Future at the University of Southern California found 70 percent of parents keep tabs on their kids' Facebook accounts. Some 46 percent had passwords.

Yahoo tries to breathe life into dead pool of email accounts by offering IDs to newcomers

SAN FRANCISCO - Yahoo is trying to breathe new life into inactive email accounts by giving away the identifications beginning next month. The program announced Wednesday will give Web surfers an opportunity to claim a new handle that had previously been unavailable. It also represents a last chance for Yahoo users who haven't logged in for at least a year one final chance to keep the address.

Facebook starts up first servers outside the US on edge of Arctic Circle in Lulea, Sweden

STOCKHOLM - Facebook on Wednesday started processing data through its first server farm outside the United States, on the edge of the Arctic Circle in Sweden. The company inaugurated servers in about half of its new, 300,000-square foot (28,000-square meter) facility outside the city Lulea Wednesday, saying it should improve the social network's performance in Europe. Facebook director of site operations Tom Furlong told the Associated Press the company will expand capacity at the site gradually to serve a large chunk of Facebook's European users.

Facebook opens Swedish data centre, first outside US

Social network Facebook Wednesday opened its first data centre outside the United States, in Luleaa, a coastal Swedish town near the Arctic Circle. In opening the facility in the arctic north, Facebook joins Google and other tech companies attracted by chilly temperatures that rarely exceed levels that require special cooling capabilities which critics say hurt the environment. Luleaa's mayor, Karl Petersen, said the centre "puts Sweden and Luleaa on the map."

Google outbids rivals, buys online mapping service Waze to get more traffic information

SAN FRANCISCO - Google is buying online mapping service Waze in a $1.03 billion deal that keeps a potentially valuable tool away from its rivals while allowing it to gain technology that could improve the accuracy and usefulness of its own popular navigation system. The acquisition announced Tuesday ends several months of speculation as Waze flirted with potential buyers interested in its rapidly growing service. Waze blends elements of a social network into its maps to produce more precise directions and more reliable information about local traffic conditions.

Google grabs maps app Waze in billion-dollar deal

Google on Tuesday announced a deal reported to worth over $1 billion for crowd-sourced map app Waze in a move to stay ahead of Apple and Facebook in lifestyles centered on smartphones and tablets. The US Internet search giant did not reveal the price it is paying for Israel-based Waze, but Israeli news outlets Globes and Calcalist over the weekend estimated the deal's value at $1.3 billion.

Apple unveils long-expected music streaming service, iTunes Radio

NEW YORK, N.Y. - Apple unveiled an Internet radio service called iTunes Radio and said the service will personalize listeners' music based on what they've listened to and what they've purchased on iTunes. Apple said iTunes Radio will be available this fall in the U.S., it said Monday. It will be free with advertisements included, although subscribers of Apple's iTunes Match music-storage service will get a commercial-free version of iTunes Radio. That service costs $25 a year.
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