LightSquared Files For Bankruptcy

(Reuters) - LightSquared, the wireless startup backed by hedge fund manager Philip Falcone, on Monday filed for Chapter 11 protection. The company and many affiliates filed for protection from creditors with the U.S. bankruptcy court in Manhattan. It has more than $1 billion of both assets and liabilities, according to the bankruptcy petition. The filing was expected. LightSquared's future had been thrown into doubt in February when the U.S. Federal Communications Commission said it would revoke permission to build out a new high-speed wireless network. The FCC made the decision because the planned network threatened to interfere with global positioning systems used by the military and various industries. (Reporting by Svea Herbst-Bayliss;...

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New Amazon Kindle Details Reportedly Leak

son)By Nivedita Bhattacharjee (Reuters) - Amazon.com Inc will launch new versions of its Kindle e-reader and tablet, including a monochrome e-reader with front lighting, a source who has seen the prototype told Reuters. The world's largest Internet retailer is aiming to have the new e-reader in stores in July, said the source, who has direct knowledge of the matter but asked not to be named because Amazon has not yet made the decision public. Amazon has been ramping up production of the new Kindle, which will run on E Ink's display, the source said. Amazon's Kindle e-reader has been popular, but readers have had to buy an external light to attach to the device to read in the dark. The front light eliminates that problem. "I do see demand...

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Facebook IPO Price Range Raised, New Regulatory Filing Reveals

NEW YORK (AP) — Facebook on Tuesday increased the price range at which it plans to sell stock to the public, as investor enthusiasm in the offering continued to mount and boost the potential value of the world's most popular social network. The Menlo Park, Calif. company said in a regulatory filing that it now expects to sell its stock for between $34 and $38 per share, up from its previous range of $28 to $35. At the upper limit of $38 per share, the sale would raise about $12.8 billion. The IPO is expected to be completed late Thursday and begin trading on the Nasdaq Stock Market on Friday under the ticker symbol "FB." The increased range is a sign of high demand from investors to own a piece of the world's most popular social network....

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Popular Surveillance Cameras Open to Hackers, Researcher Says

In a world where security cameras are nearly as ubiquitous as light fixtures, someone is always watching you. But the watcher might not always be who you think it is. Three of the most popular brands of closed-circuit surveillance cameras are sold with remote internet access enabled by default, and with weak password security — a classic recipe for security failure that could allow hackers to remotely tap into the video feeds, according to new research. The cameras, used by banks, retailers, hotels, hospitals and corporations, are often configured insecurely — thanks to these manufacturer default settings, according to researcher Justin Cacak, senior security engineer at Gotham Digital Science. As a result, he says, attackers can seize...

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