NSA chief warns Chinese cyber attacks could shut U.S. infrastructure

Threats persist for power utilities, aviation networks and financial companies

Reuters

WASHINGTON (Reuters) - China and "probably one or two" other countries have the ability to invade and possibly shut down computer systems of U.S. power utilities, aviation networks and financial companies, Admiral Mike Rogers, the director of the U.S. National Security Agency, said on Thursday.

Testifying to the House of Representatives Intelligence Committee on cyber threats, Rogers said digital attackers have been able to penetrate such systems and perform "reconnaissance" missions to determine how the networks are put together.

DirecTV beats estimates on higher fees, loses subscribers

Analysts had expected it to add 66,000 users

Reuters

(Reuters) - DirecTV, the No.1 U.S. satellite TV provider, reported a quarterly profit above analysts' expectations as it earned more from each subscriber in the United States.

But the company, being bought by AT&T Inc for $48.5 billion, lost subscribers for the second quarter in a row to competitors, including cable companies that offer broadband along with video at a discount.

China's Xiaomi to invest $1 billion to expand internet TV content

Burgeoning TV unit includes its Xiaomi TV as well as a set-top box

Reuters

BEIJING (Reuters) - China's Xiaomi Technology Co Ltd [XTC.UL] said on Tuesday it would spend $1 billion to expand its internet TV content as the world's third largest smartphone maker ramps up its push into the living room, and a market estimated to be worth $3 billion.

Xiaomi's burgeoning TV unit includes its Xiaomi TV as well as a set-top box, which both use its software and content. The company is best known for its budget smartphones and tablets that have won it legions of fans worldwide.

Comcast, AT&T join Verizon to reassure no plans for Internet 'fast lanes'

Critics have urged the FCC to reclassify ISPs so they are regulated more like public utilities

Reuters

WASHINGTON (Reuters) - Comcast Corp and AT&T Inc have no plans to create Internet "fast lanes" that may hurt consumers' freedom to roam the Web, the leading U.S. broadband providers told the U.S. Senate Judiciary Committee chairman in recent letters.

Senator Patrick Leahy last week wrote to top Internet service providers (ISPs), urging them to pledge that they would not enter any so-called paid prioritization deals, in which content companies would pay ISPs to ensure smooth and fast delivery of their traffic.

Time Warner Cable employees to share $416 million under retention plan

Company will hand out golden parachutes of more than $136M to 5 execs if deal closes

Reuters

(Reuters) - Employees of Time Warner Cable will be $416 million richer even if the cable operator's merger with Comcast does not close, a move designed to keep staff from bolting while federal regulators contemplate the deal.

A proxy statement, prepared for the shareholders meetings of both companies in October to vote on the merger, also lays out the nearly $81.8 million golden parachute that Time Warner Cable's chairman and chief executive, Robert D. Marcus, would receive.

Facebook ready to spend billions to bring whole world online: Zuckerberg

Nearly 3 billion will have access to the Internet by the end of 2014, according to ITU

Reuters

MEXICO CITY (Reuters) - Facebook Inc <FB.O> is prepared to spend billions of dollars to reach its goal of bringing the Internet to everyone on the planet, Chief Executive Mark Zuckerberg said on Friday.

"What we really care about is connecting everyone in the world," Zuckerberg said at an event in Mexico City hosted by Mexican billionaire Carlos Slim.

"Even if it means that Facebook has to spend billions of dollars over the next decade making this happen, I believe that over the long term its gonna be a good thing for us and for the world."

AT&T merges wireless and business units led by de la Vega

Business-related customers represent more than 50 percent of the company's mobile revenues

Reuters

WASHINGTON (Reuters) - AT&T Inc is merging its wireless and business divisions into a single unit led by Ralph de la Vega, former chief executive of the company's wireless segment, a spokesman for AT&T said on Tuesday.

The announcement comes as cable companies try to lure business customers away from traditional telecommunications carriers. To become a more seamless competitor, AT&T has been combining its wireline and wireless operations, including customer care and network operations.

Orange's network investments help ward off low-cost rivals in France

Financers bet on recovery from French price war touched off by low-cost player Iliad

Reuters

PARIS (Reuters) - Telecoms operator Orange's investment in faster fiber and mobile broadband networks in its French home market has started to pay off, as its high-end focus insulates it from cut- price fixed plans offered by rival Bouygues.

As France's largest carrier reported second-quarter results in line with forecasts on Tuesday, it said that some 60 percent of new mobile customers were signing up for high-end plans that include 4G and that 50,000 new customers had signed up to its fiber broadband offers, taking the total to 415,000.

China Telecom to sell Microsoft's Xbox One from September

Will be the first gaming console to be released in mainland China since the government banned console sales in 2000

Reuters

BEIJING (Reuters) - China Telecom Corp Ltd will sell Microsoft Corp's Xbox One gaming console in China from September through an exclusive contract, the country's third-largest telecommunications company said on Friday.

The Xbox One will be the first gaming console to be released in mainland China since the government banned console sales in 2000, citing games' effects on mental health.

U.S. web companies press demands for net neutrality with FCC

Internet Association president says it doesn't make sense to differentiate between mobile and wireline

Reuters

(Reuters) - Major U.S. web companies on Monday urged regulators to restrict the ability of Internet providers including mobile carriers to strike deals for faster delivery of some web traffic and planned a publicity campaign about the government's proposal.

The Internet Association, which represents three dozen web companies such as Google Inc, Netflix Inc and Amazon.com Inc, made their case in a filing with the Federal Communications Commission, which plans to establish new so-called "net neutrality" rules.

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