Austria plugs regional finance loopholes after scandal

VIENNA (Reuters) - Austria's finance minister played down the risks to regional finances on Saturday after a Salzburg civil servant gambled hundreds of millions of euros of taxpayers' money on high-risk derivatives.Speaking a day after federal and provincial officials agreed on steps to curb speculative use of public funds, Maria Fekter said in a radio interview that local authorities had already...

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"Cliff" concerns give way to earnings focus

NEW YORK (Reuters) - Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter's lackluster results. As a warning sign, analyst current estimates...

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Verizon Offering $5 Shared 4G Plan for Samsung Galaxy Camera

Imagine the powerful Samsung Galaxy S III smartphone, except that it can't make phone calls and its backplate has been replaced by a digital camera -- handgrip, zoom lens, and all. That's basically the Samsung Galaxy Camera in a nutshell, and whether it's a small, awkwardly-shaped Android tablet or a digital camera that you can play Modern Combat 3 on depends on how you look at it.When the Galaxy...

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Selling flak jackets in the cyberwars

SAN FRANCISCO (Reuters) - When the Israeli army and Hamas trade virtual blows in cyberspace, or when hacker groups like Anonymous rise from the digital ether, or when WikiLeaks dumps a trove of classified documents, some see a lawless Internet.But Matthew Prince, chief executive at CloudFlare, a little-known Internet start-up that serves some of the Web's most controversial characters, sees a business...

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Merry Christmas, America-Haters?

When TNT was preparing its annual special "Christmas in Washington" with the president of the United States, you'd think the last star musician they would consider to join the official caroling would be Psy, the South Korean rapper. What on Earth is Christmasy about this man's invisible-horse-riding dance to his dorky disco-rap hit "Gangnam Style"? It's not exactly the natural flip-side to "O Holy...

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Why does Google build apps for its rival Apple's iPhone?

Why help a key competitor? Two words: Advertising and dataThere isn't any other way to say it: Apple and Google really don't like each other. Apple CEO Steve Jobs vowed to destroy the Google geniuses behind the Android operating system for allegedly stealing the basic mechanics of the iPhone. Apple and Google-partner Samsung are constantly at one another's throats over patents. And most recently...

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Samsung Smart TVs: The next frontier for data theft and hacking [video]

Smart TVs, particularly Samsung’s (005930)last few generations of flat screens, can be hacked to give attackers remote access according to a security startup called ReVuln. The company says it discovered a “zero-dayexploit” that hackers could potentially use to perform malicious activities that range from stealing accounts linked through apps to using built-in webcams and microphones...

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Bryant says Lakers suffering from of old age

 Kobe Bryant said the Los Angeles Lakers are suffering from old age, but still believed he and his team mates can right the ship in time for a playoffs run."The problem is we've dug ourselves such a deep hole we got to do a lot of fighting just to catch up and get in that conversation," Bryant told ESPN Radio on Wednesday following the Lakers' 103-99 loss to Philadelphia (15-17) on New Year's...

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Pettersson: Golf on 'witch hunt' of long putters

KAPALUA, Hawaii (AP) — Carl Pettersson says the proposed rule to ban the anchored stroke for long putters feels like a "witch hunt," and that golf's governing bodies were only reacting to three of the last five major champions using a belly putter."It seems silly to ban something that's been around for 40 years," Pettersson said in his first comments since the U.S. Golf Association and Royal &...

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Pennsylvania suit against NCAA a long shot: experts

 Pennsylvania Governor Tom Corbett faces serious obstacles to winning his antitrust lawsuit against the NCAA over the harsh sanctions it imposed on Penn State in the Jerry Sandusky child sex-abuse scandal, legal experts said on Wednesday.While targeting the National Collegiate Athletic Association may be popular politically in a state where Penn State football is widely loved, the federal court...

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