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Proposed U.S. law aims to counter cybertheft with import bans

A bill proposed in the U.S. Senate aims to block imports of products containing U.S. technology stolen online, a move that appears primarily directed at China.

Wall Street pushes for exemptions in state social-media monitoring laws

Even as several states have put in place, or are proposing new laws barring employers from monitoring the social media activities of their employees, one Wall Street regulator is seeking exemptions to such rules for some financial services companies.

Lawmakers question patent complaint process at USITC

The U.S. Congress should limit the ability of patent holders that don't make products to file infringement complaints at the U.S. International Trade Commission because of a huge increase in cases there, representatives of some companies told lawmakers Tuesday.

Report: Verizon wants to buy Clearwire spectrum

Verizon Wireless reportedly has offered $1 billion to $1.5 billion for some of Clearwire's spectrum leases, possibly complicating Sprint Nextel's attempt to buy out the company in conjunction with its acquisition by Softbank.

Tech groups protest anti-China provision in U.S. budget resolution

A little-publicized provision in a U.S. government budget resolution that largely prohibits four agencies from using Chinese-made IT products could backfire, several tech trade groups said.

SEC clears social media for investor announcements after Netflix case

The U.S. Securities and Exchange Commission has cleared the use of social media such as Facebook and Twitter to announce corporate information.

Sprint pledges not to use Huawei, lawmaker says

Sprint Nextel and Softbank have pledged to keep Huawei Technologies products out of the Sprint network and try to replace Huawei gear that is already in Clearwire's network, according to a U.S. lawmaker.

Foxconn's Hon Hai still working with Sharp on investment deal

Foxconn's Hon Hai Precision Industry Co. said it was still committed to buying a stake in Japanese display maker Sharp, and expects an investment could be completed within three months if a price can be agreed on.

Wells Fargo warns of ongoing DDOS attacks

Wells Fargo warned on Tuesday that its website is being targeted again by a distributed denial-of-service (DDOS) attack.

JPMorgan Chase customers see zero balances after technical glitch

Customers of JPMorgan Chase reported seeing zero balances in their accounts both online and on mobile, and speculated that the bank's systems had been hacked.

Credit report breach has link to Zeus banking malware

A website that leaked credit reports of celebrities and government officials last week appears to have a curious link to the malicious banking software known as "Zeus."

Retailer faces uphill battle in $13M lawsuit against Visa, analyst says

Specialty retailer Genesco faces an uphill battle in its precedent-setting $13.3 million lawsuit against Visa USA Inc., a Garner analyst said.

Qualcomm learns how to incubate new technologies

Qualcomm has a big, well-funded research and development operation, but its program for commercializing new innovations is still a learning experience for the wireless chip maker.

Foxconn still in negotiations for Sharp stake, despite Samsung deal

Taiwan's Foxconn Technology Group said it was still negotiating a deal for greater cooperation with Sharp, despite the Japanese display maker securing a $110 million investment to supply LCD panels to rival Samsung Electronics.

Samsung locks up Sharp as longtime screen provider

Japan's Sharp has secured a $110 million lifeline investment from Samsung Electronics, and agreed to become a major supplier of screens for the South Korean company's growing electronics empire.

Federal Reserve confirms its system was breached

Malicious attackers gained entry to internal U.S. Federal Reserve System computers, illegally copying a database of banking executive contact information, the banking system has confirmed.

Former Atari CEO bids to save his old gaming company from bankruptcy

Former Atari Interactive CEO Frederic Chesnais has decided to take a 25.23% stake in the company in a bid to save it from bankruptcy, Atari announced on Tuesday.

Softbank sells most of recently-acquired eAccess

Softbank sold off a large portion of a local carrier it acquired just weeks ago, looking to assuage fears over its expanded control of Japan's wireless spectrum.

Experts unsure whether Iran is behind bank DDoS attacks

Though U.S. officials blamed Iran for an ongoing stream of distributed denial of service attacks against major U.S. banks, security experts say there's not enough evidence yet to assign blame.

Botnets for hire likely attacked U.S. banks

Evidence collected from a website that was recently used to flood U.S. banks with junk traffic suggests that the people behind the ongoing DDoS attack campaign against U.S. financial institutions -- thought by some to be the work of Iran -- are using botnets for hire.