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Samsung Releases New Smartphone, Posts Record Profit

Samsung on Friday released the latest version of its flagship Galaxy smartphone, as it announced record first quarter profits driven by surging sales growth in its mobile division.

The Galaxy S4, armed with eye motion control technology that will pause a video when the user looks away, comes with a faster chip and is thinner and lighter than the previous S3 model.

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Australian Statistics Bureau Systems Hacked

The Australian Bureau of Statistics revealed Friday it has been targeted by hackers many times, as they reportedly look to access market-sensitive information before public release.

According to newly declassified documents and internal incident reports obtained by The Australian Financial Review, the ABS has been the subject of numerous attacks over the past four years.

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Censors Increasingly Take Aim at Google Content

Google on Thursday released data showing that requests by governments to censor the Internet giant's content have hit new heights, with Brazil and the United States leading the way.

Google received 2,285 government requests to remove content from it properties, including YouTube and search pages, in the second half of last year as compared to 1,811 requests in the first six months, according to its latest Transparency Report.

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Microsoft to Hold Xbox Event on May 21

Microsoft is inviting journalists to an Xbox event at its Redmond, Washington, headquarters that will likely shed light on its next video game console.

Microsoft Corp. said Wednesday that the May 21 event will reveal a new generation of games, TV and entertainment. Nineteen days later Microsoft plans to reveal more details about its games at the E3 video game expo in Los Angeles.

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How a Phony Tweet and Computer Trades Sank Stocks

For a few surreal minutes, a mere 12 words on Twitter caused the world's mightiest stock market to tremble.

No sooner did hackers send a false Associated Press tweet reporting explosions at the White House on Tuesday than investors started dumping stocks — eventually unloading $134 billion worth.

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U.S. Army Seeks New Technology to Replace GPS

The U.S. army is working to limit its dependence on GPS by developing the next generation of navigation technology, including a tiny autonomous chip, the director of the Pentagon's research agency said Wednesday.

DARPA, the research group behind a range of spy tech and which helped invent the Internet, was also the driving force behind the creation of the Global Positioning System, director Arati Prabhakar said at a press conference.

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Report: Social Networks Act as Political Rallying Sites

A Pew Research Center report released late Wednesday indicated that online social networks have become political hotspots in the United States.

Approximately 39 percent of U.S. adults engaged in political activity in Internet communities during the 2012 U.S. presidential campaign, according to a Pew report titled Civic Engagement in the Digital Age.

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Samsung Blames Demand for Delay in U.S. Sales of New S4

Samsung said Thursday that unexpectedly high demand for its latest flagship smartphone, the Galaxy S4, was behind shipping issues that delayed scheduled sales in the U.S. market.

"We are experiencing difficulty in boosting supply in the short term because pre-order demand has been far stronger than we anticipated," said Lee Don-Joo, head of sales and marketing at Samsung's mobile unit.

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Apple Annual Developers Conference Set for June

Apple on Wednesday announced that its annual Worldwide Developers Conference will take place in San Francisco in June.

In an unusual move, Apple gave a one-day notice that tickets would go on sale for what is considered a must-attend event for software wizards interested in conjuring up applications for iPhones, iPads, iPods, or Macintosh computers.

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iTunes Celebrates a Decade, Faces New Challenges

When Apple launched its iTunes music store a decade ago amid the ashes of Napster, the music industry — reeling from the effects of online piracy — was anxious to see how the new music service would shake out.

"The sky was falling, and iTunes provided a place where we were going to monetize music and in theory stem the tide of piracy. So, it was certainly a solution for the time," said Michael McDonald, who co-founded ATO Records with Dave Matthews and whose Mick Management roster includes John Mayer and Ray LaMontagne.

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