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Pinterest raises $100 million in funding: WSJ

(Reuters) - Pinterest, the increasingly popular online bulletin board, raised $100 million in a financing round that values the U.S. start-up at $1.5 billion, the Wall Street Journal said, citing people familiar with the matter. The funding is led by Japanese e-commerce site Rakuten, with Pinterest's existing venture-capital investors such as Andreessen Horowitz, FirstMark Capital and Bessemer Venture Partners also participating, the report said. Pinterest could not immediately be reached by Reuters for comments. ...

LG upgrades flagship smartphone to revive fortunes

LG Electronics Inc. has upgraded its flagship smartphone with a faster chip and a longer battery life to regain ground lost to more nimble rivals.

New US-Russian Crew Arrives at Space Station

New US-Russian Crew Arrives at Space StationAn American astronaut and two Russian cosmonauts arrived at the International Space Station early Thursday (May 17), kicking off a four-month stay aboard the orbiting laboratory.


Obama wants tough rules after JPMorgan loss: report

U.S. President Obama holds news conference at the White House n WashingtonThe White House, after a trading loss of more than $2 billion by JPMorgan, wants to ensure a tough interpretation of a regulation aimed at preventing banks from making bets with their own money, The Wall Street Journal reports.


Samsung Electronics stock recovers losses, trading flat on day

People shop at a Samsung Electronics store in the company's main office building in SeoulSEOUL (Reuters) - Shares in South Korea's Samsung Electronics recovered from a more than two percent loss on Thursday morning and were trading flat at on the day by 00:26 a.m. EDT. The world's largest electronics company by revenue had been hit by a newspaper report that Apple Inc had given a large chip order to a rival, losing 6.2 percent on Wednesday. (Reporting by David Chance; Editing by Joseph Radford)


Samsung Electronics stock recovers losses, trading flat on day

SEOUL (Reuters) - Shares in South Korea's Samsung Electronics recovered from a more than two percent loss on Thursday morning and were trading flat at on the day by 00:26 a.m. EDT. The world's largest electronics company by revenue had been hit by a newspaper report that Apple Inc had given a large chip order to a rival, losing 6.2 percent on Wednesday. (Reporting by David Chance; Editing by ...

Australia warns of 'bespoke' online child sex abuse

Neil Gaughan (C), head of the Australian Federal Police's high-tech crime squad, pictured in Canberra in 2010Australian police warned Thursday that paedophiles were using Internet live-streaming sites to order "bespoke" child sex crimes for real-time viewing, from countries including the Philippines.


Census: Minorities now surpass whites in US births

Chart shows racial breakdown of births in the U.S. from July 2010 to JulyFor the first time, racial and ethnic minorities make up more than half the children born in the U.S., capping decades of heady immigration growth that is now slowing.


Mladic instigated ethnic cleansing in Bosnia, U.N. court told

Bosnian Muslim women, survivors of the 1995 Srebrenica massacre, watch a television broadcast of the first day of trialFormer Bosnian Serb army commander Ratko Mladic went on trial accused of carrying out a brutal campaign of ethnic cleansing and Europe's worst massacre since World War II.


Lawmakers approve tweaks to Alabama immigration law

Alabama lawmakers passed a new bill to revise the state's controversial immigration law on Wednesday, hoping to fend off more legal challenges to the toughest state measure on immigration in the United States. The bill, whose final approval now rests with Alabama's governor, largely keeps intact a law approved last year that has sparked lawsuits by the Obama administration and immigrant rights groups who argue it is unconstitutional. ...

LG announces Optimus UI for Ice Cream Sandwich devices

LG announces Optimus UI for Ice Cream Sandwich devicesLG on Wednesday announced a new user-interface skin for its Android-powered devices running Ice Cream Sandwich. The South Korean company’s Optimus UI 3.0 is said to be designed with convenience and speed in mind, and is being labeled as both unobtrusive and simple. “With smartphone hardware becoming more and more similar, it’s important for manufacturers to differentiate their products from the competition through the user interface,” said Dr. Jong-seok Park, President and CEO of LG Electronics Mobile Communications Company. “Both carriers and customers tell us that they want LG phones to look and feel unique and the UI plays a big part in that. LG is really going to push the boundaries of what is possible in user interfaces starting with


TB patient charged in California for not taking meds

In this undated photo supplied by the San Joaquin County District Attorney's office, Armando Rodriguez is seen wearing a protective mask. Prosecutors say 34-year-old Armando Rodriguez, a tuberculosis patient, has been arrested for refusing to take his medication and missing doctor appointments, and is endangering public health by not treating the airborne disease. (AP Photo/San Joaquin County District Attorney's Office)Authorities in California took the unusual step of jailing and charging a tuberculosis patient who they say refused to take medication to keep his disease from becoming contagious.


Confrontation brews in Congress over detainee law

Lawmakers moved toward a confrontation over the government's power to detain suspected terrorists on Wednesday as the Republican-led House of Representatives began debate on a defense policy bill the White House has threatened to veto. Representative Adam Smith, the top Democrat on the House Armed Services Committee, sought to amend the law to guarantee people arrested in the United States on terrorism charges could not be detained indefinitely without trial or transferred to military custody. ...

Fugitive penguin 337 spotted alive in Tokyo Bay

A Humboldt penguin which escaped from its enclosure in Tokyo Sea Life Park two month ago swims at Tokyo BayAfter Penguin Number 337 made a daring bid for freedom from a Tokyo aquarium and vanished into the waters of Tokyo Bay two months ago, many feared the worst for the adventurous feathered fugitive. But the one-year-old Humboldt penguin has now popped up on video footage in a different part of the bay, frolicking in the water and apparently healthy. The penguin, still too young to determine whether it is male or female and thus known only by a number, scaled a rock wall four meters (13 ft) high and squeezed through a barbed wire fence to escape its harborside aquarium in March. ...


Google Music deauthorization limit poses a problem for rooters

Google Music deauthorization limit poses a problem for rootersSimilar to Apple’s iTunes program, Google Music only allows a certain number of devices to be connected to the service at one time. Google allows users to upload up to 20,000 song for free, which can then be accessed by up to 10 “authorized” devices. Once the limit is reached, a user can “deauthorize” a device to allow another a different phone or tablet to take its place. The problem, however, is that Google has limited device deauthorizations to just four per year. While Google’s limit may not affect the average Joe, rooters, ROMers, enthusiasts and even bloggers may run into some trouble. Custom ROM users in particular may run into trouble — Google Music often has difficulties handling custom


Manny Pacquiao denounces anti-gay allegations

Boxer and politician Manny Pacquiao speaks about his views on same-sex marriage at his home in Los Angeles, Wednesday, May 16, 2012. Pacquiao was quoted in a recent interview as opposing President Barack Obama's views on same-sex marriage. (AP Photo/Reed Saxon)Manny Pacquiao says he loves and supports gays and lesbians, even though he does not approve of gay marriage.


Soon you can make calls on your phone aboard a Virgin Atlantic plane

If you're flying to London from New York or vice versa, you now have the option to ride on the first plane ever to allow in-flight calls. Sir Richard Branson's Virgin Atlantic airline recently announced that you can now make calls … Continue reading

Watch a paralyzed woman control a robotic arm with her mind

Cathy Hutchinson hasn't been able to move her body for the past 15 years. But thanks to a brain implant from a Brown University team of neuroscientists, she's recently been able to pick up a bottle of coffee on her own by … Continue reading

FBI: One person sent hundreds of powder-filled envelopes

Authorities believe one person is responsible for mailing 20 powder-filled envelopes to schools and a business in the Dallas-Fort Worth area last week and hundreds of similar letters around the world since late 2008, the FBI said on Wednesday. No one was injured in the incidents last week where envelopes containing a similar nonhazardous substance were mailed to elementary schools, early childhood development centers and an aerospace-related business. ...

Greece gets caretaker PM until new vote in June

Newly appointed caretaker Prime Minister Panagiotis Pikramenos talks with Greece President Karolos Papoulias, not seen, during their meeting at the Presidential palace in Athens, Wednesday, May 16, 2012. The head of Greece's Council of State will take the reins of the country until it holds new elections on June 17, a meeting of party leaders decided Wednesday, a day after power-sharing talks collapsed. (AP Photo/John Kolesidis, Pool)A senior judge has been sworn in to head Greece's caretaker government for a month as the debt-crippled country lurches through a political crisis that threatens its membership in the 17-nation eurozone.


2 US Navy ships collide in Pacific; no injuries

This undated image provided by the U.S. Navy shows the amphibious assault ship USS Essex underway in the Pacific Ocean. The Essex and a refueling tanker, the USNS Yukon, collided in the Pacific Ocean on Wednesday May 16,2012, but there were no injuries and no fuel spills, the 3rd Fleet said. (AP Photo/U.S. Navy, Senior Chief Mass Communication Specialist Joe Kane)An 844-foot-long U.S. Navy assault ship collided with a refueling tanker Wednesday in the Pacific Ocean, causing damage to both ships, but there were no injuries or fuel spills, military officials said.


Activision and Electronic Arts settle lawsuit

Riccitiello, CEO of Electronic Arts, addresses attendees during the International CTIA WIRELESS Conference & Exposition in New Orleans(Reuters) - Activision Blizzard Inc and arch rival video game company Electronic Arts Inc have settled a lawsuit in which Activision accused two former executives of breaking their employment agreements to develop games for EA. "Activision and EA have agreed to put this matter behind them," the companies said on Wednesday in a joint statement. Neither company disclosed details of the settlement. Two former Activision executives, Jason West and Vincent Zampella, developed the original "Call of Duty" game and several others in the series. ...


Ad execs say jury still out on Facebook as medium

A Facebook application logo is pictured on a mobile phone in this photo illustration taken in LavignyNEW YORK/LONDON (Reuters) - General Motors Inc's decision to stop advertising on Facebook may be a wake-up call for the No. 1 social network, but Top advertising executives say it's far too early to know if the site will take off as an advertising platform. "There's a lot of potential but it's not a slam-dunk," said Martin Sorrell, chief executive of WPP Plc, the world's largest advertising agency. "Showing the impact of branding on Facebook is going to take a long time," he added. Facebook is due to begin trading on Nasdaq on Friday in an initial public offering that will raise about $15. ...


Several brokerages stop taking Facebook IPO orders

The Facebook profile of founder Mark Zuckerberg on a mobile phone is seen in this photo illustration taken in LavignyNEW YORK (Reuters) - Investors who want Facebook Inc shares when the No. 1 online social network goes public later this week may have lost the opportunity. TD Ameritrade and Fidelity's brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives for each of the companies. Morgan Stanley & Co did the same, according to three advisers at the firm who declined to be named because they are not authorized to speak to the press. E*Trade Financial also stopped accepting orders as of 4 p.m. ...


Factbox: Facebook's IPO: who gets rich?

SAN FRANCISCO (Reuters) - The rich are going to get richer when Silicon Valley's biggest IPO starts trading on Friday. Facebook this week raised the number of shares it intends to float by 25 percent to 421 million shares, and lifted the target price range to $34-$38 per share as investors clamored for a slice of the third-largest IPO in U.S. history. As a result, the No. 1 social network and its shareholders will now collectively reap more than $15 billion from the initial public offering - a $5 billion hike from early May, when Facebook sought an IPO of roughly $11 billion. ...

Chuck Brown, pioneer of 'go-go' funk music, dies

FILE - In this Jan. 18, 2010 file photo, master of ceremonies Chuck Brown speaks during a program to celebrate the legacy of the late Martin Luther King, Jr. at the Washington National Cathedral in Washington. Brown, who styled a unique brand of funk music as a singer, guitarist and songwriter known as the Chuck Brown, who styled a unique mix of funk, soul and Latin party sounds to create go-go music in the nation's capital, has died after suffering from pneumonia. He was 75.


Global mobile phone sales now in decline

Global mobile phone sales now in declineDespite some vendors seeing record smartphone sales, worldwide sales of mobile phones declined 2% year-over-year to 419.1 million units in the first quarter of 2012, according to research firm Gartner. The decline represents the first of its kind since the second quarter of 2009. “Global sales of mobile devices declined more than expected due to a slowdown in demand from the Asia/Pacific region,” said Anshul Gupta, principal research analyst at Gartner. “The first quarter, traditionally the strongest quarter for Asia – which is driven by Chinese New Year, saw a lack of new product launches from leading manufacturers, and users delayed upgrades in the hope of better smartphone deals arriving later in the year.” In the smartphone market, Android accounted for more


Pinterest Raising $120 Million to Fund International Expansion [REPORT]

Pinterest is raising $120 million in a funding round expected to be announced Thursday or Friday morning, according to multiple sources. The investment, Pinterest's third, places the two-year-old social bookmarking site's valuation in the range of $1 billion to $1.5 billion.

Activision, EA settle lawsuit over execs' leaving

FILE - This undated file photo of a video game image released by Activision shows a scene from The legal battle between gaming giants Activision Blizzard Inc. and Electronic Arts Inc. is over, with the companies announcing they have settled a case that accused EA of improperly recruiting two executives who oversaw the creation of the smash videogame "Call of Duty: Modern Warfare 2."


Russia's chess game 'without any rules'

A member of the Russian Interior Ministry attempts to block opposition activists near a protest camp in central MoscowGrandmaster-turned-activist Garry Kasparov says Putin does whatever he wants to stay in power.


U.S.: Training missile falls from Army chopper in Texas

A US Army Apache attack helicopter fires a rocket in Afghanistan in 2011A US Army Apache helicopter accidentally dropped an inactive missile over central Texas, forcing dozens of homes to be evacuated, officials said Wednesday.


House approves GOP's bill protecting women against violence

House Minority Leader Nancy Pelosi of Calif., accompanied by fellow House Democrats, gestures during a news conference on Capitol Hill in Washington, Wednesday, May 16, 2012, to discuss their fight with Republicans over the Violence Against Women Act. (AP Photo/J. Scott Applewhite)House Republicans set up a showdown Wednesday with the Senate and President Barack Obama over legislation to protect women from domestic violence, a fight that's become as much about female voters this election year as cracking down on abuse.


Daughter of Cuban leader Raul Castro to visit U.S.

Mariela Castro, head of Cuba's National Center for Sex Education and daughter of Cuba's President Raul Castro, talks to the media during the 6th Congress on Sex Education, Orientation and Therapy in HavanaCuban President Raul Castro's daughter is scheduled to visit California next week to speak at a conference of experts on Latin America during a rare U.S. trip by a member of Cuba's ruling family. Sexologist Mariela Castro, 50, will discuss Cuba's policies on sexual issues on May 24 at a Latin American Studies Association (LASA) conference in San Francisco, an association spokesman said on Wednesday. Mariela Castro heads the communist island nation's National Center for Sex Education and is an outspoken advocate for gay rights. ...


Funky Concept Snowboards

In the summer of 2010, Signal Snowboards created the Web series "Every Third Thursday" to showcase the company's experimentation with funky concept boards. Think Science Channel’s “How It’s Made” — except with a lot more sass and a funkier setting.

Viacom, Time Warner Cable reach iPad views settlement

The entrance to the Time Warner Center is seen at Columbus Circle in New York(Reuters) - Viacom Inc, the parent of MTV and Comedy Central, has settled lawsuits with Time Warner Cable Inc over whether cable subscribers may watch shows on mobile devices such as Apple Inc's iPad. The accord means Viacom programs such as "Jersey Shore," "The Daily Show with Jon Stewart" and "South Park" will become available over the TWC TV app over the next several weeks. ...


Fab.com Shares What Facebook Friends Are Buying

Ecommerce shop Fab.com is an industry game changer, deeply integrating social media into its unique way of selling tech gadgets, tailored dresses, innovative kitchenware and extraordinary home decor.

Fab.com Shares What Facebook Friends Are Buying

Ecommerce shop Fab.com is an industry game changer, deeply integrating social media into its unique way of selling tech gadgets, tailored dresses, innovative kitchenware and extraordinary home decor.

Singapore techs face margin squeeze, outlook better

(Reuters) - Cost pressures are piling up for Singapore's electronics sector, with some listed companies reporting lower profit margins, but analysts expect an improvement in the second half of the year as the holiday season boosts demand. The slump in the sector, which contributes more than one-third of Singapore's non-oil domestic exports, comes as the central bank warned the industry would be a drag on economic growth and flagged severe price erosion for electronics firms. ...

Coffee buzz: Study finds java drinkers live longer

In this Thursday, Aug. 14, 2008 photo, espresso flows into a cup at a coffee house in Overland Park, Kan. A large U.S. federal study concludes people who drink coffee seem to live a little longer. Researchers saw a clear connection between cups consumed and years of life. Whether it was regular or decaf didn't matter. The results are published in the Thursday, May 17, 2012 New England Journal of Medicine. (AP Photo/Orlin Wagner)One of life's simple pleasures just got a little sweeter. After years of waffling research on coffee and health, even some fear that java might raise the risk of heart disease, a big study finds the opposite: Coffee drinkers are a little more likely to live longer. Regular or decaf doesn't matter.


Facebook to kick off IPO the hacker way: reports

An employee walks past one of the many wall graffitis at the Facebook headquarters in Menlo Park, CaliforniaFacebook will go public hacker style with an all-night software bending bash to culminate with co-founder Mark Zuckerberg remotely ringing the Nasdaq opening bell on Friday, reports said.


White House denies arming Syrian rebels

In this Monday, May 14, 2012 photo, a girl walks past Syrian rebels at Khaldiyeh neighborhood in Homs province, central Syria. The violence around the country is eroding an internationally brokered peace plan that many U.N. observers see as the last hope to calm the 14-month-old crisis. (AP Photo/Fadi Zaidan)President Barack Obama's administration has repeatedly said over the past few months that it won't ship arms to Syria's outgunned opposition, warning that doing so will only escalate the bloody conflict there. But the Washington Post reported Wednesday that the U.S. has been helping to coordinate shipments [...]


Android and iOS drive mobile app explosion [infographic]

Android and iOS drive mobile app explosion [infographic]One year ago, less than 40% of mobile subscribers in the United States had a smartphone. That number has increased dramatically, however; according to Nielsen, one in two mobile subscribers now owns a smartphone. Driven mostly by the rise of Android and iOS, which account for more than 80% of the U.S. smartphone market, 2012 has turned into the year of the app. The average number of apps installed on each smartphone has jumped 28% in 2012, an increase from 32 apps to 41. Smartphone owners are also spending increasingly more time using apps than using the mobile web, roughly 10% more than last year. Nielsen notes that the top five most active apps continue to be Facebook, YouTube, Android


Create a Designer Room With New Site 'Project Decor'

The Spark of Genius Series highlights a unique feature of startups and is made possible by Microsoft BizSpark. If you would like to have your startup considered for inclusion, please see the details here.

Viacom, Time Warner Cable settle dispute over app

Viacom Inc., the parent of pay TV networks MTV and Comedy Central, has settled a dispute with Time Warner Cable Inc. over whether its subscribers can watch shows like "Jersey Shore" on mobile devices while at home.

Customize virtual sticky notes with the BugMe! Android app

Whether it is an urban office myth or total truth, I shunned real sticky notes when I was told the little colorful organization helpers are not recyclable. However, I found the perfect alternative to use on my Android Device. The BugMe! Stickies Pro app for Android ($0.99) offers all the organizational fun of my beloved real-life sticky notes but in a green fashion. My eco-friendly soul can be reassured that I am not harming the Earth every time I need to scribble a note, which is a lot because I am a writer after all.

Customize virtual sticky notes with the BugMe! Android app

Whether it is an urban office myth or total truth, I shunned real sticky notes when I was told the little colorful organization helpers are not recyclable. However, I found the perfect alternative to use on my Android Device. The BugMe! Stickies Pro app for Android ($0.99) offers all the organizational fun of my beloved real-life sticky notes but in a green fashion. My eco-friendly soul can be reassured that I am not harming the Earth every time I need to scribble a note, which is a lot because I am a writer after all.

News Summary: Does advertising on Facebook pay?

FILE - This Feb. 8, 2012 file photo shows a Facebook worker smiling inside Facebook headquarters in Menlo Park, Calif. Facebook says 25 percent more shares will be sold as investors clamor for a piece of the year's hottest stock offering. Facebook said in a regulatory filing Wednesday, May 16, 2012 that about 421 million shares will be sold, up from 337 million under its earlier plans. The news comes a day after Facebook raised the expected price range for the stock to a range of $34 to $38 per share, up from $28 to $35. (AP Photo/Paul Sakuma, File)MORE TO OFFER: Facebook is responding to extraordinary demand and says more stock will be offered in the company's initial public offering.


Couple Dead Due To Bad Connection In the Mountains [VIDEO]

A couple whose car fell down an embankment in the Catskill Mountains tried to make rescue calls on their cellphone but shoddy reception prevented them from reaching help in time.

A look at how some IPO stocks have fared

Facebook has filed paperwork for an initial public offering of stock. Its public debut, expected this week, will be the most anticipated tech IPO since Google went public in August 2004.

Verizon Wireless to scrap unlimited plans for 4G users

A Verizon logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, LouisianaNEW YORK (Reuters) - Verizon Wireless is planning to force customers to give up their unlimited data plans when they move to its high-speed wireless service, a top executive for parent company Verizon Communications Inc said on Wednesday. For now, Verizon Wireless customers who move to the company's highest-speed fourth generation (4G) network from its older network can still use the company's unlimited wireless data plan for a flat monthly fee. But that will change after Verizon Wireless launches a new shared data plan offering this summer, according to Chief Financial Officer Fran Shammo. ...


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