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Japan's Olympus Sells Mobile Phone Unit for $674 Mln

Japan's scandal-hit Olympus said Friday it will sell its mobile phone unit to a domestic investment fund for $674 million as the camera and medical equipment maker eyes a return to profitability.

The 53.0 billion yen ($674 million) sale of ITX Corp would be posted as a one-time gain in the firm's second-quarter financial report, but "the impact of the sale on our earnings is uncertain at this point," the company said.

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Indian Government Faces Backlash over Internet Blocking

India's attempt to block online material that it blames for fuelling ethnic tensions was on Friday described by Internet experts as "monumentally incompetent" and "completely illegal".

The government over the past week has ordered Internet service providers to block 309 webpages, images and links on sites including Facebook, Twitter, Wikipedia, news channel ABC of Australia and Qatar-based Al-Jazeera.

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S. Korea Court Says Samsung, Apple Infringed Patents

A Seoul court ruled on Friday that Apple and Samsung had infringed on each other's patents on mobile devices, and ordered a partial ban on sales of their products in South Korea.

The court ruling comes as the two firms are locked in a bitter patent battle that could determine their fight for supremacy in the global smartphone market.

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Facebook co-Founder Sells 450,000 Shares

Facebook co-founder Dustin Moskovitz shed 450,000 shares of Facebook in the past few days for proceeds of about $9 million — a tiny chunk of his total stake.

Moskovitz was Mark Zuckerberg's Harvard roommate when they founded Facebook in 2004. He disclosed in a regulatory filing late Tuesday that he sold the shares on Friday, Monday and Tuesday in blocks of 150,000.

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S. Korea Court Rejects Law Banning False IDs on Internet

South Korea's Constitutional Court on Thursday effectively killed off a law which bans Internet users from using false IDs, ruling it a breach of freedom of expression.

Authorities in 2007 started enforcing the law aimed at curbing the country's notorious cyber-bullying by preventing Internet users from hiding behind false IDs when they write postings on websites.

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U.S. Clears Facebook’s Billion-dollar Deal to Buy Instagram

U.S. regulators said Wednesday they closed an investigation into Facebook's billion-dollar deal to buy the startup behind photo-sharing smartphone application Instagram, taking no action.

The Federal Trade Commission said in a statement that Facebook's bid to buy Instagram "may now proceed as proposed."

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Google Online Maps Embark on Arctic Adventure

Google set out Wednesday to take users of its free online mapping service on an Arctic adventure with help from an Inuit community in the Canadian tundra.

Prime Minister Stephen Harper joined the effort as the Internet titan's Street View team arrived in the hamlet of Cambridge Bay in the Northwest Passage for one of its most remote projects to date.

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U.S. Launches Test of Wi-Fi to Prevent Car Accidents

A U.S. government-funded program on Tuesday launched a test of Wi-Fi technology to help reduce road accidents.

The Transportation Department said the program in Ann Arbor, Michigan, will enable vehicles and infrastructure to "talk" to each other in real time to help avoid crashes and improve traffic flow.

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Apple-Samsung Smartphone Clash Heads to Jury

The mammoth Apple-Samsung patent trial went to the jury Tuesday, setting the stage for a verdict that could have huge implications for the hot market in smartphones and tablet computers.

Apple, which accuses the South Korean electronics giant of copying the iPhone and iPad too closely, is seeking damages of up to $2.75 billion and an injunction that could knock some Samsung products off the U.S. market.

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Study: 19 Million Can't Get High-speed Internet in U.S.

Around six percent of the U.S. population, or 19 million people, lack access to high-speed Internet even though deployment has improved in recent years, a government study said Tuesday.

Around 14.5 million of those without access to broadband are in rural areas, the Federal Communications Commission report said. And in native American tribal areas, about 30 percent do not have access to high-speed Internet.

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