AT&T says Netflix's call for free interconnection as an "arrogant proposition"

Jim Cicconi of AT&T said the call of Netflix CEO Reed Hastings for free internet internet connection was an "arrogant proposition" that would require everyone else except Netflix to pay, Reuters reported.


US payments firm Oink creates a way for parents to control kids' in-app purchases

Hermosa Beach, US-based payments firm Oink found a way to let parents monitor and control their kids' in-app purchases by linking a credit card to their accounts and letting them set a purchase limit for a specified length of time.

Australian government considers extraditing Australian alleged to be moderator of now-defunct Silk Road

The Australian government is considering if it should surrender Peter Phillip Nash to the US authorities after he was indicted as one of the "small support staff" of alleged Silk Road founder Ross Ulbricht, Reuters reported.

Warren Buffet wins $1B bet on Quicken Loans Inc NCAA contest

Warren Buffet emerged as the winner on the bet he made on a Quicken Loans Inc contest that no individual would be able to correctly predict the winner of each game in the NCAA men's basketball tourney, Bloomberg reported.


Latest News

US First Lady Michelle Obama told Chinese students that online freedom is a right that everyone should have but stopped short of urging the Chinese government to grant more freedoms to its citizens, Reuters reported.
Turks are now facing a new challenge getting access to the Internet after courts banned Twitter as alternative DNS numbers that were used to access the Internet were not anymore working, Reuters reported.
A report from the US Government Accountability Office revealed that "persistent software problems" are causing delays in the testing of Lockheed Martin Corp's F-35 jet which could also put the project behind schedule, Bloomberg reported.
Police are not revealing a lot of details about Stingray, a cell-tracking technology tool, that helps authorities that intercepts calls or messages of criminals they are trying to apprehend, the Associated Press reported.
Developers have modified the open source Bitcoin software and released a new version to resolve the transaction flaws and to prevent a Mt Gox-like incident from happening again.
London, UK-based Video-on-Demand (Vod) service Screenburn raised $500,000 (£302,000) in an angel funding round to fuel its expansion for 2014 and to continue monetizing the presence of music and film artists on Facebook.
Chicago, US-based digital interactive application developer elevate DIGITAL scored an additional $3 million in its Series A funding round from SFX Entertainment to expand into new markets.
Makati, Philippines-based cooling solutions provider Concepcion Group is buying a stake in elevator company Otis E&M Co Philippines as a joint venture with Hartford, US-based multinational conglomerate United Technologies Corp (UTC) for an undisclosed amount.
The One World Doll Project, a subsidiary of One World Holdings Inc, secured a capital infusion of $500,000 from a New Mexico-based private equity investor, a statement about the funding said.
Sun Capital Partners has exited Certified Power when its affiliate sold the fluid power and power train solutions provider to Brinkmere Capital Partners. Financial details were not disclosed.