The Federal Bureau of Investigation (FBI) arrested a computer programmer for allegedly stealing proprietary software code from the Federal Reserve Bank of New York (FRBNY). Bo Zhang, the man accused of stealing the source code, worked at the bank as a contract employee assigned to work on further developing a specific portion of the Government-Wide Accounting and Reporting Program (GWA), software which is owned by the Department of Treasury to track government spending.
Seven men connected by friendship or business association were arrested this week for allegedly participating in insider trading, the Federal Bureau (FBI) of Investigation announced in a candid press release. These latest arrests are the most recent developments in "Operation Perfect Hedge," the FBI's systematic targeting of insider trading in the hedge fund industry that began more than four years ago.
Yesterday's SOPA/PIPA protests were unprecedented -- for the first time, the Internet as a whole banded together, users and websites alike, and we flexed our collective muscles to tell the government (as Craigslist put it), "KEEP THOSE CLAMMY HANDS OFF THE INTERNET." In typical Washington fashion, several Senators and Congressional Representatives quickly changed their minds about the bills. But just how effective was all the e-complaining? Since the effort was so widespread, nailing down exact numbers is difficult, but let's take a peek at the ones we managed to dredge up.
It sort of stands to reason that a company which makes photography equipment would be all smiles, especially one that's been around for over a century. The Eastman Kodak Company, founded in 1892, hasn't had a whole lot to smile about this week. Kodak on Wednesday announced it was filing a lawsuit against Samsung for allegedly infringing on certain patents related to its digital imaging technology, and just a day later the company is filling out more paperwork as it files for Chapter 11.
The news coming out of Washington this weekend has been very, very encouraging for all the SOPA haters in the House; sponsor Lamar Smith said he was stripping the DNS blacklisting requirements from the bill, the White House issued a statement announcing it basically wouldn’t support a lot of the SOPA provisions, and there are even rumors of SOPA’s death floating around. That isn’t stopping Wikipedia from blacking out on January 18th to protest SOPA and its Senate-based sister act, PIPA. Reddit, Destructoid, and a host of other sites will also be shutting their virtual doors that day.
Grooveshark is currently being sued by everyone under the sun for its controversial non-licensed music streaming service. As the legal pressures continued to mount in 2011, Grooveshark’s app was pulled from the iOS App Store, and the Android Market. Rather than go back and forth with Google and Apple, Grooveshark has opted to bypass the app stores with an HTML5 web app.
Google a week ago began rolling out a social search update called "Search, "Plus Your World," which meshes photos, comments, and posts on your Google+ account with your search results. This has drawn the ire of a privacy advocate called EPIC (Electronic Privacy Information Center) concerned over privacy and antitrust issues that could arise from the new search feature.
Taiwan's Criminal Investigation Bureau (CIB) arrested four engineers for allegedly selling Intel processors designated as Engineer Samples (ES) on eBay for personal profit. Intel ES chips are the property of Intel and are often sent off to reviewers and OEM manufacturers prior to commercial release in order to test for compatibility. In theory, they're supposed to be returned to Intel.
Microsoft doesn't take kindly to software vendors selling counterfeit copies of Windows and other Microsoft software and will sail the seven seas to chase down pirates when need be. Most recently Microsoft went in pursuit of a Comet, the name of a U.K. retailer the software giant alleges sold more than 94,000 counterfeit copies of its Windows Vista and Windows XP operating systems on pre-loaded PCs and laptops.
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