US-NET Summary

Sep 6, 2011, 11:16 p.m.

Regulators raid Google's South Korea office: source

WASHINGTON/SAN FRANCISCO (Reuters) - Antitrust officials in South Korea raided Google Inc's Seoul offices on Tuesday, according to a source familiar with the matter, expanding worldwide regulatory pressure on the Internet giant. Google, the world's No. 1 search engine, is under investigation by antitrust authorities in the United States and in Europe.

Yahoo CEO Bartz fired over the phone, rocky run ends

SAN FRANCISCO (Reuters) - Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba. Chief Financial Officer Tim Morse will step in as interim CEO, and the company will search for a permanent leader to spearhead a battle in online advertising and content with rivals Google Inc and Facebook.

Groupon puts IPO on ice as SEC questions remain

SAN FRANCISCO (Reuters) - Groupon has put its IPO on hold for at least a few weeks, hoping to ride out global market turmoil while dealing with regulators' questions surrounding its highly anticipated public float, two sources with knowledge of the deal said. Groupon, which had intended to launch into the final phase of its initial public offering in mid- to late September, joins Zynga and other would-be market debutantes that have called off flotations after a dismal outlook for developed economies hammered stock markets.

Mexico "Twitter terrorism" breaches civil rights: lawyer

MEXICO CITY (Reuters) - Mexico has breached an international human rights charter by bringing terror charges against two social media users who wrongly reported an armed attack on a local school, a lawyer for the accused said. The man and the woman face the threat of as much as 30 years in prison because they posted messages online and via Twitter late last month, warning that gunmen had stormed a primary school in the eastern coastal state of Veracruz.

Amazon steps up social media efforts

SAN FRANCISCO (Reuters) - Amazon.com Inc is stepping up social media efforts after the largest Internet retailer partially missed one of the hottest technology trends of recent years. Amazon hired a director of social media, John Yurcisin, from WPP's Ogilvy & Mather earlier this year to help the company come up with social strategies. He is the brother of Jeff Yurcisin, the general manager of Shopbop.com, an apparel retail website owned by Amazon.

Sony recruits information security boss after hacking

TOKYO (Reuters) - Sony Corp picked a former official at the U.S. Department of Homeland Security for the new post of chief information security officer, months after a massive hacking attack leaked information on 100 million user accounts on its games networks. Philip Reitinger, previously director of the U.S. National Cyber Security Center, will become senior vice president and will report to general counsel Nicole Seligman, the Japanese electronics conglomerate said on Tuesday.

Dell and Baidu team up for tablets, mobiles

SHANGHAI (Reuters) - Dell Inc and China's top search engine Baidu Inc plan to jointly develop tablet computers and mobile phones, targeting the Chinese market dominated by Apple Inc and Lenovo. China is one of the fastest growing markets for tablets and is home to more than 900 million mobile phone subscribers, but analysts were skeptical that the partnership would unseat Apple as the dominant force in the market.

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